| Merchants National Bank & Trust Company | |
| Company type | Public |
| Nasdaq: MCHN (1972–1992) | |
| Industry | Banking |
| Founded | March 1865 as Merchants National Bank & Trust Company in Indianapolis January 3, 1972 as Merchants National Corporation |
| Defunct | May 2, 1992 |
| Fate | Acquired by National City Corporation |
| Successor | National City Bank Indiana |
| Headquarters | Indianapolis, Indiana, United States |
Area served | Indiana |
| Products | Financial services |
| Total assets | $5.7 billion[1] (1992) |
| Subsidiaries |
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Merchants National Corporation (MNC) was an Indianapolis-based statewide bank holding company that was one of the largest Indiana-based financial institutions at the time it was acquired by Ohio-based National City Corporation in 1992. Its primary subsidiary was the Indianapolis-based Merchants National Bank and Trust Company, which had been founded in 1865.
From the mid-1950s through the late 1980s, Merchants National Bank and Trust, American Fletcher National Bank, and Indiana National Bank, were the three largest banks in Indianapolis. Their holding companies—Merchants National Corporation, American Fletcher Corporation, and Indiana National Corporation (later named INB Financial Corporation)—were the three largest bank holding companies in the state.[2]
- ^ Cite error: The named reference
nyt-1991oct31was invoked but never defined (see the help page). - ^ "Hamilton County banking suddenly is "Big 3" game". The Indianapolis Star. September 12, 1985. p. 43 – via Newspapers.com.
It's getting harder to tell the difference between banks in Hamilton County and Indianapolis. Two county banks have agreed to be acquired by members of the Indianapolis "Big Three."