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Merchants History
Merchants' tradition is one of stable and profitable growth throughout our history. Today, we write bonds in all states from two fully staffed underwriting offices.

Following is a timeline of significant events throughout our history.

1930's   1940's   1950's   1960's   1970's   1980's   1990's   2000's
1933 Merchants Mutual Bonding Company is founded by E. H. Warner and Merle Milligan in Des Moines, Iowa The company's first office was in the Valley Bank Building in downtown Des Moines.
1934 In January, Merchants writes its first bond, a $1,000.00 permit bond to sell beer, the premium was $12.00.

October 2, the company's first claim is received. It was a $1,000.00 fidelity bond written for the bookkeeper/cashier of a southeastern Iowa business.

Merchants first full year in business. The company's surplus on December 31, 1934 was $791.01.
1941 E. H. Warner's son, W. W. Warner, is employed by Merchants.
1945 Merchants is admitted into the state of Nebraska as a nonresident company.
1949 In May, Merchants begins writing business in Kansas.
1950 Merchants Bonding at 2100 Grand Avenue in Des MoinesMerchants relocates to 2100 Grand Avenue in Des Moines. This office served as the company's headquarters for forty-five years.
1951 Merchants Bonding at 2100 Grand Avenue in Des Moines, redesignedArchitects redesigned the building to give it a more modern look. The third floor and the large, pitched roof were removed.
1962 W. W. Warner becomes president.
1963 In February, Merchants begins writing business in Texas.
1966 In April, Merchants begins writing business in Oklahoma.
1969 Merchants opens a branch office in Austin, Texas.
1970 In April, Merchants begins writing business in Arizona.
1976 Merchants' Direct Premiums exceed $5 million.
1981 In April, name changed from Merchants Mutual Bonding Company to Merchants Bonding Company (Mutual).
1982 In January, Merchants begins writing business in California.
1985 In September, Merchants begins writing business in the state of Washington.

In October, William Warner Sr. is appointed as President and W. W. Warner is appointed Chairman of the Board.

In October Merchants begins writing business in Minnesota.

In November, Merchants begins writing business in Michigan and Pennsylvania.

Merchants Direct Premiums exceed $10 million.
1986 In February, Merchants begins writing business in Florida and in July, Missouri.
1987 Merchants begins writing business in Nevada, New Mexico, and Colorado.

Merchants' Direct Premiums exceed $15 million.
1988 Merchants begins writing business in South Dakota, Idaho, North Dakota, Utah and Louisiana.

Merchants' Surplus exceeds $5 million.
1989 In May, Merchants begins writing business in Illinois.
1990 Merchants begins writing business in Montana, Wyoming, and Oregon.

Merchants' Direct Premiums exceed $20 million.
1991 In January Merchants begins writing business in Wisconsin, Alabama, North Carolina, Virginia, Indiana, and Georgia.
1992 In February Merchants begins writing business in Arkansas, Tennessee, and South Carolina.

Merchants' Surplus exceeds $10 million.
1993 In July, Merchants begins writing business in Ohio.
1994 Merchants begins writing business in Mississippi and Kentucky.
1995 Merchants Bonding at 2100 Fleur Drive in Des MoinesIn October, Merchants begins writing business in Maryland.

In December, Merchants' headquarters moves to its current location at 2100 Fleur Drive.

Merchants' Surplus exceeds $15 million.
1996 President Larry TaylorIn July, Merchants begins writing business in West Virginia and in August, Washington D. C.

In November, Larry Taylor is named President.
1997 In March, Merchants begins writing business in Delaware.

Merchants' Direct Premiums exceed $25 million.

Merchants' Surplus exceeds $20 million.
1999 Merchants' Surplus exceeds $25 million.
2000 Founder Elmer H. WarnerIn April, E. H. Warner is inducted into the Iowa Insurance Hall of Fame.

Merchants begins writing business in Alaska.
2001 Merchants' Direct Premiums exceed $30 million.

Merchants' Surplus exceeds $30 million.
2002 In October, Merchants begins writing business in New Jersey.
2004 In November, Merchants begins writing business in Maine.

In December, Merchants begins writing business in Hawaii.

2005 In February, Merchants begins writing business in Rhode Island.         

In April, Merchants begins writing business in Vermont.

In July, the Merchants' headquarters building addition is complete.

In August, Merchants begins writing business in New York.

In September, Merchants begins writing business in New Hampshire.

2006 In May, Merchants begins writing business in Connecticut.

In July, Merchants begins writing business in Massachusetts.

2008 Merchants Bonding at 2100 Fleur Drive in Des MoinesMerchants celebrates its 75th anniversary.

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