Private Banker

Job Description

Job Description

First Merchants Bank is seeking a Private Banker to join our team! This position will identify, expand and manage client relationships with verified higher net worth and personal cash flow as well as closely held professional services firms. Support commercial lenders and retail banking centers to provide services to existing and prospective clients, as well as developing and establishing new private banking relationships through executive management, centers of influence, and community involvement.

Essential Duties and Responsibilities:

• Partner with regional lines of business including commercial and retail.
• Implement an aggressive sales and marketing strategy to develop new and existing relationships, involves:
  • Identify and develop prospects into significant new relationships with yearly goals for income production.
  • Aggressive sales call plan which aligns with established goals.
  • Cross sell opportunities with specific emphasis on assets under management.
  • Ensure bank reporting tools are utilized for reporting progress.
• Continually monitor current loans and customer’s credit profile to ensure complete conformity with terms, involves:
  • Ensure current credit and financial information is obtained as needed and/or that collateral is adequate.
  • Review financials with customers and provide advice as necessary.
  • Direct accountability for loss prevention; determine necessary action to be taken on all loans, includes resolving marginal and delinquent loans.
  • Remain cognizant of developing trends.
• Extend consumer and commercial credit within assigned limits to private banking customers, involves:
  • Interview applicants and obtain information concerning their borrowing needs, abilities and earnings, and assess credit risk.
  • Obtain and analyze pertinent financial data or appraise the adequacy of collateral pledged.

To be successful in this position, we require the following:

• Bachelor’s degree or equivalent in business or a related field.
• A minimum of three (3) years of private banking or related commercial banking experience.

The following would be a plus:

• Credit analyst experience
• Consumer lending experience
• Small business lending experience

First Merchants offers the following:

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

Upcoming Location Change: In 2026 our Detroit Headquarters at 32991 Hamilton Court, Farmington Hills, MI 48334 will be moving to Royal Oak at 400 W 4th Street, Royal Oak, MI 48067.