Carmel-based Merchants Capital has promoted Brian Sullivan to executive vice president and chief operating officer. He previously served as vice president of Merchants Capital and Merchants Bank of Indiana – the parent company of Merchants Capital, formerly PR Mortgage and Investments. Sullivan has been with with Merchants Bancorp since 2013 and has more than a decade of experience in project management, capital markets and correspondent loan origination.

He earned his MBA from the Indiana University Kelley School of Business and his bachelor’s degree from DePauw University. Sullivan is involved civically with the Build Fund, an economic development focused CDFI, LISC Indianapolis, and the Penrod Society, which supports the arts and cultural education in central Indiana.