Item 8.01 Other Events.

On November 18, 2020, the Company issued a press release announcing that the Company's Board of Directors declared quarterly cash dividends of $0.08 per share on the Company's outstanding shares of common stock, $0.4375 per share on the Company's 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock"), and $15.00 per share (equivalent to $0.375 per depositary share) on the Company's 6% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock ("Series B Preferred Stock"). For each of the common stock, Series A Preferred Stock, and Series B Preferred Stock, the dividends are payable on January 4, 2021 to shareholders of record on December 15, 2020. The press release has been attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
  No.      Description

  99.1       Press Release dated November 18, 2020 issued by Merchants Bancorp
104        Cover Page Interactive Data File. The cover page XBRL tags are embedded
           within the inline XBRL document (contained in Exhibit 101).

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