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More ... latest change: 2024-10-23

NINGI Research published on Merchants Bancorp (NASDAQ: MBIN — $2.06 billion), an Indiana-based bank. NINGI alleged the bank “has been aggressively expanding its loan book by lending money to bad actors” and “has used billions of dollars in brokered deposits to expand its loan book recklessly.” NINGI also found that Merchants Bancorp has among the highest percentage of brokerage deposits and commercial real estate exposure compared to peer institutions.