Retailers Bancorp: Financial institution of Indiana Hires New VP, Enterprise Growth Officer, SBA Lending

Merchants Bank of Hires New VP, Business Development Officer, SBA Lending

CARMEL, Ind. – –Merchants Bank of (NASDAQ: MBIN) (“Merchants Bank”) today announced the hiring of Robert Stringer as Vice President, Business Development Officer, Small Business Administration (SBA) Lending. Stringer currently works from his home in Dallas, Texas.

Stringer brings more than 10 years of experience to his new position at Merchants Bank, most recently as Senior Vice President and Loan Officer at Bank of Hope in Dallas. In that role, Stringer was responsible for more than $ 6 million in SBA 7 (a) loans.

In his new role at Merchants Bank SBA Lending, Stringer will be responsible for the issuance of SBA 7 (a) and 504 loans, as well as the use of his existing referral network and business contacts in the Dallas area and throughout the larger central south region . In addition, Stringer will oversee strategy development for generating new business and more.

“It is an honor to have Robert join the SBA Lending at Merchants Bank,” said Jeff Scott, President of SBA Lending at Merchants Bank. “As the world continues to stand up to the unprecedented challenges of -19, supporting small businesses across the country is more important than ever. Robert’s experience and expertise in SBA lending will strengthen our team and enable us to continue to perform at the best to provide. ” Services to our customers. “

Prior to Bank of Hope, Stringer was Vice President, Business Development Officer of the Government-Guaranteed Lending Division (GGLD) at Veritex Community Bank Dallas, where he received more than $ 60 million in SBA 7 (a) and 504 loans recorded together. He was also Vice President and Business Development Officer at Capital CDC Dallas, where he made nearly $ 10 million in SBA 7 (a) and 504 loans individually for four consecutive years.

Stringer is a graduate of Texas A&M University with a Bachelor of Business Administration in Marketing. He also received a Management MBA from the University of Dallas.

To learn more about the Merchants Bank of Indiana, visitwww.merchantsbankofindiana.comor find Merchants Bank atFacebook,LinkedIn,TwitterandInstagram.

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Merchants Bancorp posted this content on May 12, 2021 and is solely responsible for the information contained therein. Distributed by the public, unedited and unchanged, on May 12, 2021 5:45:04 p.m. UTC.

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