 CARMEL, Ind., March 17, 2021 PRNewswire -- Merchants Bancorp Merchants Nasdaq: MBIN, parent company of Merchants Bank of Indiana Merchants Bank, announced the pricing of an underwritten public offering of 6,000,000 depositary shares each representing a 140th ownership interest in a share of its 6.00 Fixed Rate Series C Non-Cumulative Perpetual Preferred Stock, the Series C preferred stock, with a liquidation preference of 25.00 per depositary share. 