UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 20, 2019
Merchants Bancorp
(Exact Name of Registrant as Specified in its Charter)
Indiana |
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001-38258 |
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20-5747400 |
(State or Other Jurisdiction
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(Commission
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(IRS Employer
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410 Monon Boulevard
Carmel, Indiana 46032
(Address of Principal Executive Offices) (Zip Code)
(317) 569-7420
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading
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Name of each exchange on which registered |
Common Stock, without par value |
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MBIN |
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NASDAQ |
Series A Preferred Stock, without par value |
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MBINP |
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NASDAQ |
Depositary Shares, each representing a 1/40th interest in a share of Series B Preferred Stock, without par value |
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MBINO |
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NASDAQ |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Events.
On November 20, 2019, Merchants Bancorp (the Company) issued a press release announcing that the Companys Board of Directors declared quarterly cash dividends of $0.07 per share on the Companys outstanding shares of common stock, $0.4375 per share on the Companys 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock (Series A Preferred Stock), and $15.00 per share (equivalent to $0.375 per depositary share) on the Companys 6% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (Series B Preferred Stock). For each of the common stock, Series A Preferred Stock, and Series B Preferred Stock, the dividends are payable on January 2, 2020 to shareholders of record on December 13, 2019. The press release has been attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
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Description |
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99.1 |
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Press Release dated November 20, 2019 issued by Merchants Bancorp |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MERCHANTS BANCORP |
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Date: November 20, 2019 |
By: |
/s/ John F. Macke |
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Name: John F. Macke |
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Title: Chief Financial Officer |
PRESS RELEASE
Merchants Bancorp Declares Quarterly Common and Preferred Dividends
For Release November 20, 2019
CARMEL, Indiana Merchants Bancorp (Merchants) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (Merchants Bank), today announced that its Board of Directors declared the following quarterly cash dividends for the fourth quarter of 2019, in each case to shareholders of record on December 13, 2019, payable on January 2, 2020:
· A dividend of $0.07 per share on the Companys outstanding shares of its common stock (NASDAQ:MBIN);
· A dividend of $0.4375 per share on the Companys outstanding shares of its 7% Series A preferred stock (NASDAQ:MBINP);
· A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Companys outstanding shares of its 6% Series B preferred stock (NASDAQ:MBINO).
ABOUT MERCHANTS BANCORP
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including multi-family housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending and traditional community banking. Merchants Bancorp, with $6.3 billion in assets and $5.5 billion in deposits as of September 30, 2019, conducts its business through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants Investor Relations page at investors.merchantsbankofindiana.com.
Media Contact: Rebecca Marsh
Merchants Bancorp
Phone: (317) 805-4356
Email: rmarsh@merchantsbankofindiana.com
Investor Contact: Tami Durle
Merchants Bancorp
Phone: (317) 324-4556
Email: tdurle@merchantsbankofindiana.com