How many employees work at Merchants Bank Indiana?
Merchants Bank of Indiana has approximately 740 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Merchants Bank Indiana’s total headcount has grown 18.8% from 623 employees in 2023 to 740 in 2026.
Is Merchants Bank Indiana hiring right now?
Yes, Merchants Bank Indiana is actively hiring. Merchants Bank Indiana had 32 active job postings in 2026, a 3.2% increase from 2025 — see job openings & hiring trends.
About Merchants Bank Indiana’s Workforce
Merchants Bank of Indiana is a Financial Services company that employs 740 people worldwide as of March 2026. It is the 7th-largest by headcount among its peers. Founded in 1923, the company is headquartered in Carmel, Indiana.
Merchants Bank Indiana's workforce has grown 18.8% from 2023 to 2026, up 1.0% year over year in 2026. It fell to a low of 607 in 2023 Q3 before recovering. Its workforce is concentrated most in North America (95.3%), followed by Sub-Saharan Africa (4.7%).
Merchants Bank Indiana's functional groups are Finance and Operations (52.7%), Engineering (29.1%), and Sales and Marketing (18.2%), with Finance and Operations growing fastest (up 2.0%). The average salary is $103,771, ranging from a median of $90,000 in North America to $9,000 in Sub-Saharan Africa, up 0.8% year over year in 2026.
Merchants Bank Indiana's active job postings rose 3.2% in 2026 to 32, with new postings per month cooling from 22 in 2023 to 11 in 2026. Overall employee sentiment is positive but declining.
Sourced from Revelio Labs workforce data.
- Headquarters
- Carmel, Indiana
- Founded
- 1923
- Industry
- Financial Services
- Employees
- 740
- YoY
- +1.0% (+23)
As of March 2026
Merchants Bank Indiana workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Merchants Bank Indiana. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsMerchants Bank Indiana Annual Employee Count (2023-2026)
- Merchants Bank Indiana had 740 employees in 2026, a 1.0% increase (+23) from 2025.
- Merchants Bank Indiana had 728 employees in 2025, a 0.5% decline (+21) from 2024.
- Merchants Bank Indiana had 707 employees in 2024, a 0.4% increase (+78) from 2023.
- Merchants Bank Indiana had 629 employees in 2023, a 0.5% decline (+58) from 2022.
Merchants Bank Indiana's total workforce has grown from 623 employees in 2023 to 740 in 2026.
Merchants Bank of Indiana quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 740 | +23 | +1.0% |
| 2025 | Q4 | 728 | +21 | -0.5% |
| 2025 | Q3 | 729 | +37 | -0.9% |
| 2025 | Q2 | 756 | +59 | -1.1% |
| 2025 | Q1 | 717 | +78 | -0.1% |
| 2024 | Q4 | 707 | +78 | +0.4% |
| 2024 | Q3 | 692 | +85 | +0.7% |
| 2024 | Q2 | 697 | +74 | +1.1% |
| 2024 | Q1 | 639 | +61 | -0.5% |
| 2023 | Q4 | 629 | +58 | -0.5% |
| 2023 | Q3 | 607 | +53 | +2.3% |
| 2023 | Q2 | 623 | +75 | +5.0% |
See Merchants Bank Indiana's complete headcount history, including quarterly breakdowns.
Get the DataMerchants Bank Indiana Employee Count by Region (2026)
North America accounts for the largest share of Merchants Bank Indiana's global workforce with approximately 95% of total employees, followed by Sub-Saharan Africa.
Merchants Bank Indiana employees by region
| Region | Employees | % of Total |
|---|---|---|
| North America | 694 | 95.3% |
| Sub-Saharan Africa | 35 | 4.7% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataMerchants Bank Indiana Employee Count by Department (2026)
Merchants Bank Indiana's employee groups are Finance and Operations (52.7%), Engineering (29.1%), and Sales and Marketing (18.2%).
Merchants Bank Indiana employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 390 | 52.7% |
| Engineering | 215 | 29.1% |
| Sales and Marketing | 135 | 18.2% |
Compare Merchants Bank Indiana's department mix to industry peers.
See Full DataMerchants Bank Indiana Employee Salary by Region (2026)
Merchants Bank Indiana's average employee salary is $103,771 globally. Employees in North America receive the highest compensation. Pay is lowest in Sub-Saharan Africa, at a median of $9,000.
Merchants Bank Indiana median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $90,000 |
| Sub-Saharan Africa | $9,000 |
Unlock salary by role, level, and city — and compare to Merchants Bank Indiana's industry peers.
Unlock Salary DataMerchants Bank Indiana Job Openings and Hiring Trends (2023-2026)
- Merchants Bank Indiana had 32 active job postings in 2026, a 3.2% increase (+2) from 2025.
- Merchants Bank Indiana had 30 active job postings in 2025, a 26.1% decline (-9) from 2024.
- Merchants Bank Indiana had 39 active job postings in 2024, a 36.4% increase (+12) from 2023.
- Merchants Bank Indiana had 27 active job postings in 2023, a 31.3% decline from 2022.
- Hiring velocity in 2026: 11 new roles/month, down from 17 in 2025 and 19 in 2024.
Merchants Bank Indiana's active job postings rose 3.2% in 2026 to 32, with new postings per month cooling from 22 in 2023 to 11 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataMerchants Bank Indiana Employee Sentiment (2026)
Revelio Labs tracks employee sentiment across Merchants Bank Indiana's workforce based on public professional data. Overall sentiment is positive and has declined year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Unlock SentimentSimilar Companies
Similar Financial Services Companies by Employee Count
Frequently Asked Questions About Merchants Bank Indiana
- How fast is Merchants Bank Indiana growing?
- In 2026, Merchants Bank Indiana's headcount grew 1.0% to 740 employees, up from 717 in 2025.
- See the full headcount history
- Where are Merchants Bank Indiana employees located?
- Most Merchants Bank Indiana employees are based in North America (95.3% of headcount), followed by Sub-Saharan Africa.
- Explore where the workforce is based
- What is the average salary at Merchants Bank Indiana?
- The average employee salary at Merchants Bank Indiana is approximately $103.8k per year.
- Analyze the salary distribution
- How many new job postings does Merchants Bank Indiana open per year?
- In Q1 2026, Merchants Bank Indiana opened 34 new job postings. In 2025, Merchants Bank Indiana opened 199 new job postings — about 17 per month.
- Track hiring trends by role
- When was Merchants Bank Indiana founded and where is it headquartered?
- Merchants Bank Indiana was founded in 1923 and is headquartered in Carmel, Indiana.
- Compare Merchants Bank Indiana to industry peers
Speak with a workforce expert about Merchants Bank Indiana.
Book a DemoSee something that doesn't look right? Reach out and our team will review it.