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Exhibit 21.1 List of Subsidiaries of Merchants Bancorp As of December 31, 2023 | ||
Subsidiary | Organized Under the Laws of: | |
Farmers-Merchants Bank of Illinois | | Illinois |
Merchants Asset Management, LLC | Delaware | |
Merchants Capital 2021-FLI GP, LLC | | Indiana |
Merchants Capital 2021-FLI LP, LLC | | Indiana |
Merchants Bank of Indiana (also d/b/a Merchants Mortgage) | | Indiana |
-MBI Midtown West, LLC | | Indiana |
-MBI Midtown West II, LLC | | Indiana |
-MBI Michigan 441, LLC | | Indiana |
-OneTrust Funding, Inc. | Indiana | |
-Ash Realty Holdings, LLC | Indiana | |
-CMG Funding, LLC | | Indiana |
-Natty Mac Funding, Inc. | | Indiana |
-MCI PCR NMTC, LLC | Indiana | |
-Merchants Capital Corp | | Indiana |
--Merchants Capital Servicing, LLC | Delaware | |
--RMF Holdings, LLC | | Indiana |
--Merchants Healthcare Fund I GP, LLC | | Indiana |
--Merchants Healthcare Fund I Offshore GP, LLC | | Delaware |
--Merchants Capital Investments, LLC | | Indiana |
--MCI MTE GP, LLC | | Indiana |
--MCI SLP, LLC | | Indiana |
--MCI Social Impact GP, LLC | | Indiana |
--MCI GP, LLC | | Indiana |
--MCI Fund IV GP, LLC | Indiana | |
--MCI Fund V GP, LLC | | Indiana |
--MCI Fund VI GP, LLC --MCI Fund VII GP, LLC --MCI Fund VIII GP, LLC --MCI Fund IX GP, LLC --MCI Fund X GP, LLC | | Indiana Indiana Indiana Indiana Indiana |
--MCI Fund 11 Manager, LLC | | Indiana |
--MCI Fund 12 GP, LLC | | Indiana |
--MCI Fund 15 GP, LLC | | Indiana |
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