Merchants Bancorp increases authorized common shares to 75M; discloses 10b5-1 plan repurchases

Merchants Bancorp

Shareholders approved increase in authorized common shares from 50M to 75M and total shares from 55M to 80M on May 19, 2022.
Company entered into Rule 10b5-1 plan on April 29, 2022 for stock repurchases, running from May 3, 2022 to May 2, 2023.
Repurchase plan approved Nov 17, 2021 authorizes up to $75M of common stock through Dec 31, 2023; as of May 23, 2022 repurchased 75,000 shares.
Second Amended and Restated Articles of Incorporation filed with Indiana Secretary of State on May 24, 2022.

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