Carmel-based mortgage banking company Merchants Capital today announces that President and CEO Michael Dury was selected by the Junior Achievement of Central Indiana as Indy’s Best and Brightest in the category of banking and financial services.
Dury was recognized for his notable professional accomplishments in his career, his impact on the Indianapolis community and his overall commitment to leadership. Following graduation from Notre Dame University in 2007, Dury was named Vice President of Merchants Capital and rose through the ranks as one of the youngest executives in the history of the company. In 2017, shortly after the Merchants initial public offering (IPO) and merger with RICHMAC Funding, Dury was named President of Merchants Capital, and three years later, was promoted to CEO at the age of 35.
Under Dury’s leadership, Merchants Capital became one of the top mortgage lenders in the country. In 2018, the company was named No. 10 on the Top 25 U.S. Affordable Lenders list by Affordable Housing Finance. Additionally, Dury is one of the top loan originators nationwide. His personal loan production value is on par with some of the top lending firms in the U.S., with $6.4 billion in total loan production since 2010.
Dury has also greatly impacted the surrounding community with the Merchants MPACT (Positively Advancing Communities Together) program. The program is focused on advancing affordable housing, connecting people in their communities, promoting and improving education and financial literacy, and stimulating economic development within local communities.
“I am elated that Mike was selected as Indy’s Best and Brightest, as I chose Mike to personally mentor at the start of his career in 2007. I’ve seen him grow and thrive so quickly in this industry, and he is incredibly deserving of this honor,” said Michael F. Petrie, Merchants Bancorp Co-Founder, Chairman and CEO. “Mike is a highly respected champion in multifamily finance, a distinguished and accomplished colleague at Merchants Capital, and a proven innovator in developing new solutions within the industry.”
The Indy’s Best and Brightest Award was created by Junior Achievement of Central Indiana to recognize up-and-coming talent and the next generation of leaders in the Indianapolis area. The event honors 100 of central Indiana’s most outstanding young professionals, age 40 and under, across 10 different industries. All 100 finalists in each category are judged on professional accomplishments, civic contributions, character and leadership qualities. At the awards program, which took place on March 11 at the Hilbert Circle Theatre, 10 outstanding individuals received additional recognition as Indy’s best from their respective categories.
For a complete list of winners and finalists, visit www.indysbestandbrightest.org.