March 1865; 159 years ago (1865-03) as Merchants National Bank & Trust Company in Indianapolis
January 3, 1972; 52 years ago (1972-01-03) as Merchants National Corporation
Defunct
May 2, 1992; 32 years ago (1992-05-02)
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
Merchants National Bank & Trust Company
Merchants National Bank headquarters in Indianapolis in 1988.
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]
^Cite error: The named reference nyt-1991oct31 was 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."
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