Merchants Bancorp and its wholly owned subsidiary, Merchants Bank, have announced the appointment of Sean Sievers as its new chief financial officer, effective Sept. 9.
Sievers
Sievers brings more than 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), one of the leading mortgage bankers in the nation. 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,” Merchants Bank President and CEO Michael Dunlap said. “Sean brings a wealth of experience that will be invaluable as we continue to grow and execute our strategic vision.”
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. Sievers and Macke will share responsibilities until Macke’s official retirement at the end of September.
Macke
“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. He will be based at Merchants Bank’s headquarters in Carmel.