David Shane Biography and Net Worth

Director of Merchants Bancorp

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.

What is David N. Shane's net worth?

The estimated net worth of David N. Shane is at least $83,180.00 as of March 16th, 2021. Mr. Shane owns 2,000 shares of Merchants Bancorp stock worth more than $83,180 as of February 23rd. This net worth approximation does not reflect any other investments that Mr. Shane may own. Learn More about David N. Shane's net worth.

How do I contact David N. Shane?

The corporate mailing address for Mr. Shane and other Merchants Bancorp executives is 410 MONON BLVD, CARMEL IN, 46032. Merchants Bancorp can also be reached via phone at (317) 569-7420 and via email at [email protected]. Learn More on David N. Shane's contact information.

Has David N. Shane been buying or selling shares of Merchants Bancorp?

David N. Shane has not been actively trading shares of Merchants Bancorp during the last quarter. Most recently, on Tuesday, March 16th, David N. Shane bought 2,000 shares of Merchants Bancorp stock. The stock was acquired at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company's stock, valued at $50,000. Learn More on David N. Shane's trading history.

Who are Merchants Bancorp's active insiders?

Merchants Bancorp's insider roster includes Michael Dunlap (COO), Randall Rogers (Vice Chairman), and David Shane (Director). Learn More on Merchants Bancorp's active insiders.

Are insiders buying or selling shares of Merchants Bancorp?

In the last year, Merchants Bancorp insiders bought shares 9 times. They purchased a total of 29,569 shares worth more than $593,436.95. In the last year, insiders at the sold shares 6 times. They sold a total of 34,835 shares worth more than $951,061.45. The most recent insider tranaction occured on November, 6th when Vice Chairman Randall D Rogers sold 21,157 shares worth more than $671,734.75. Insiders at Merchants Bancorp own 40.8% of the company. Learn More about insider trades at Merchants Bancorp.

Information on this page was last updated on 11/6/2023.

David N. Shane Insider Trading History at Merchants Bancorp

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
3/16/2021Buy2,000$25.00$50,000.002,000View SEC Filing Icon  
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David N. Shane Buying and Selling Activity at Merchants Bancorp

This chart shows David N Shane's buying and selling at Merchants Bancorp by year and by quarter.

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Merchants Bancorp Company Overview

Merchants Bancorp logo
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities; offers customized loan products for need-based skilled nursing facilities, independent living, assisted living, and memory care; and tax credit equity syndicator. Its Mortgage Warehousing segment funds agency eligible residential loans including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.
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Today's Range

Now: $41.59
Low: $41.09
High: $42.04

50 Day Range

MA: $41.70
Low: $38.75
High: $45.84

2 Week Range

Now: $41.59
Low: $21.50
High: $48.68


79,686 shs

Average Volume

116,464 shs

Market Capitalization

$1.80 billion

P/E Ratio


Dividend Yield