Sean Sievers
CARMEL, Ind., — Merchants Bancorp and its subsidiary, Merchants Bank, have named Sean Sievers Chief Financial Officer. Sievers brings 25 years of executive financial leadership in the banking and mortgage industries to the top-performing banks’ chief finance role.
Most recently, Sievers served as CFO at Rate (formerly Guaranteed Rate). His career includes leadership roles as CFO of Countrywide’s Internet Bank and Retail Origination team, Senior Director at Freddie Mac, CFO of SunTrust’s Consumer Banking Division, and CFO of Citibank’s Global Mortgage Business.
“Each of these experiences has equipped Sean with the skills and insights necessary to support our unique business model and future growth plans,” said Michael Dunlap, President and CEO of Merchants Bank. “Sean brings a wealth of experience that will be invaluable as we continue to grow and execute our strategic vision.”
John Macke
Sievers was selected as part of a comprehensive CFO search initiated after John Macke, the Company’s current CFO, announced his intent to retire in March. Macke joined Merchants in 2017 during a critical period for the Company. He was instrumental in leading the Company’s initial public offering (IPO) and played a key role in supporting its growth from a $3 billion bank to an $18 billion institution today.
“As we welcome Sean, I also want to take this opportunity to celebrate and thank John for his outstanding contributions,” Dunlap said. “John’s expertise has been instrumental in capital raises, securitizations, liquidity strategies, financial reporting, and the development of new lines of business in an ever-changing and highly regulated environment. His leadership has left a lasting impact on Merchants.”
Sievers holds a Bachelor of Science in Accounting from California Lutheran University and is a former licensed public accountant.