Merchants National Bank & Trust Company | |
Company type | Public |
Nasdaq: MCHN (1972–1992) | |
Industry | Banking |
Founded | March 1865 January 3, 1972 as Merchants National Corporation | as Merchants National Bank & Trust Company in Indianapolis
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 was founded in 1865.
From the mid-1950s through the late 1980s, Merchants National Bank and Trust, along with American Fletcher National Bank and Indiana National Bank, was one of the three largest banks in Indianapolis and its holding company, Merchants National Corporation, was one of the three largest bank holding companies in the state, along with American Fletcher Corporation and Indiana National Corporation (later named INB Financial Corporation).[2]
nyt-1991oct31
was invoked but never defined (see the help page).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."