CARMEL, Ind. – Merchants Capital has formally announced the promotion of Brian Sullivan to executive vice president and chief operating officer of Merchants Capital. Since stepping into this role in August 2018, Sullivan continues to lead capital markets activities, while overseeing the execution of strategic initiatives, notably the implementation of an industry-leading, custom loan origination and servicing software.
Previously, Sullivan served as the vice president of Merchants Capital and Merchants Bank of Indiana – the parent company of Merchants Capital, formerly PR Mortgage and Investments. Sullivan, who has been with Merchants Bancorp since 2013, has more than a decade of experience in project management, capital markets, and correspondent loan origination.
In his new role, Sullivan is responsible for oversight of production, servicing and asset management and capital markets, with a focus on building a resilient and robust platform to support the company’s growth plans. Previously, he led the capital markets group for the company and was involved with Merchants Bancorp’s mergers and acquisitions (M&A) and corporate finance groups.
“We’re thrilled to promote Brian to COO and to continue to enhance our team with top talent from within,” said Michael Dury, president of Merchants Capital. “Brian has a unique background having led our capital markets desk, executing bank and mortgage company acquisitions, and helping our parent company with its public offering. Most importantly, Brian’s leadership abilities make this a well-deserved role at Merchants Capital and we look forward to a bright future together.”
Sullivan earned his MBA from the Indiana University Kelley School of Business and his bachelor’s degree from DePauw University. Sullivan is involved civically with the Build Fund, an economic development focused CDFI, LISC Indianapolis, and the Penrod Society, which supports the arts and cultural education in central Indiana.