Michael R. Dury serves as the President and Chief Executive Officer of Merchants Capital, a subsidiary of Merchants Bancorp. With a robust background in finance and real estate, Dury has been instrumental in steering Merchants Capital to become a leading financial services provider, particularly in the affordable housing sector. He joined the company in 2016 and quickly rose through the ranks, leveraging his extensive experience and strategic vision to drive growth and innovation. Prior to his role at Merchants Capital, Dury held various leadership positions in the finance and real estate industries. His career began at Ernst & Young, where he honed his skills in financial analysis and management. He later moved to roles that allowed him to focus on real estate finance, working with companies such as KeyBank and Red Capital Group. At Red Capital Group, Dury was pivotal in expanding the company's multifamily lending platform, which laid the groundwork for his future success at Merchants Capital. Under his leadership, Merchants Capital has seen significant growth, particularly in its Fannie Mae, Freddie Mac, and FHA lending platforms, solidifying its reputation as a trusted partner in the affordable housing market. As President and CEO, Dury is responsible for overseeing the strategic direction of Merchants Capital, ensuring that it continues to meet the evolving needs of its clients while maintaining a commitment to community development. His leadership has been marked by a focus on innovation, with the company launching new products and services that address the challenges faced by developers and investors in the affordable housing space. Dury's dedication to fostering a culture of excellence and his ability to navigate complex financial landscapes have been key to Merchants Capital's success, making him a respected figure in the industry.