The estimated Net Worth of David N. Shane is at least $128 Tisíc dollars as of 22 September 2022. Mr. Shane owns over 2,000 units of Merchants Bancorp stock worth over $84,700 and over the last 7 years he sold MBIN stock worth over $0. In addition, he makes $43,519 as Independent Director at Merchants Bancorp.
David has made over 4 trades of the Merchants Bancorp stock since 2017, according to the Form 4 filled with the SEC. Most recently he bought 2,000 units of MBIN stock worth $50,000 on 22 September 2022.
The largest trade he's ever made was buying 3,125 units of Merchants Bancorp stock on 27 October 2017 worth over $50,000. On average, David trades about 387 units every 85 days since 2017. As of 22 September 2022 he still owns at least 2,000 units of Merchants Bancorp stock.
You can see the complete history of Mr. Shane stock trades at the bottom of the page.
David N. Shane serves as Independent Director of the Company. Mr. Shane previously served as Vice-President and Executive Vice-President (from 1997 to 2006) and President and Chief Executive Officer and member of the board of managers (from 2007 until his retirement in 2013) of LDI Ltd., LLC, an Indianapolis based diversified holding company that focuses on funding and operating middle-market companies. From 1975 to 1995 Mr. Shane was an attorney and partner at the law firm of Baker & Daniels LLP, now Faegre Drinker LLP. In addition, Mr. Shane currently serves as a member of the boards of directors of Lilly Endowment, Inc., The Mind Trust, and Ascend Indiana, Inc., and as an emeritus member of the board of trustees of Wabash College. He previously served as a director of Our Health, Inc. and Syndicate Sales, Inc. He is a graduate of Wabash College with a degree in English and received his juris doctor degree from Duke University School of Law. Mr. Shane brings to the Board, among other skills and qualifications, extensive business and legal skills that assist the Board in fulfilling its oversight role of management.
As the Independent Director of Merchants Bancorp, the total compensation of David Shane at Merchants Bancorp is $43,519. There are 5 executives at Merchants Bancorp getting paid more, with Michael R. Dury M.B.A. having the highest compensation of $4,316,840.
David Shane is 72, he's been the Independent Director of Merchants Bancorp since 2013. There are 1 older and 22 younger executives at Merchants Bancorp. The oldest executive at Merchants Bancorp is Randall Rogers, 74, who is the Vice Chairman of the Board.
David's mailing address filed with the SEC is Monon Boulevard, Newark Village, Carmel, Hamilton County, Indiana, 46032-1361, United States.
Over the last 7 years, insiders at Merchants Bancorp have traded over $27,386,690 worth of Merchants Bancorp stock and bought 562,251 units worth $13,281,814 . The most active insiders traders include Randall D. Rogers, Patrick D. O'brien a Andrew Juster. On average, Merchants Bancorp executives and independent directors trade stock every 35 days with the average trade being worth of $772,760. The most recent stock trade was executed by Michael F. Petrie on 27 August 2024, trading 22,050 units of MBIN stock currently worth $999,747.
merchants bank of indiana focuses on several aspects of mortgage and agricultural lending and retail banking services from four central indiana locations. merchants has $3 billion in assets and 200+ employees. merchants bank of indiana owns pr mortgage & investments, a leading multi-family housing mortgage company in the midwest united states. merchants bank of indiana has been selected as one of the best places to work in indiana for 2016 and 2017. merchants was also recognized by snl financial (an offering of s&p; global intelligence) as one of the top performing community banks nationally with assets between $1 billion and $10 billion. merchants was listed as #25 in the nation, the highest rated indiana bank on the list. the indianapolis business journal (ibj) banking and finance edition in may 2017 listed merchants as the 12th largest indianapolis area bank. in july 2017, the ibj listed merchants bank of indiana as one of the fastest growing companies in the indianapolis area. merc
Merchants Bancorp executives and other stock owners filed with the SEC include: