Coming August 2, 2021 – New Houston Office and New South Region Leadership at Merchants

June 2, 2021

As Merchants Bonding Company pursues its goal to become a top 10 surety through innovation and responsible growth, we are investing in strategic growth in contract underwriting for the south region.

On August 2, 2021 Keenan Lehmann will begin a new local presence for Merchants in Houston, the largest city in Texas and the fourth largest city in the country.  Lehmann will be relocating to Houston to lead this strategic growth. “The opportunity to start, lead and grow a new office for Merchants in Houston fits perfectly with my personal career goals.  I think this move is a win-win for everyone involved and I’m thrilled to seize this opportunity,” said Lehmann.  Lehmann joined Merchants in 2003 and has served as an officer of the company since 2013.

Also, on August 2, 2021 Josh Penwell will take over as Regional Vice President of the growing South Region, which includes Texas, Oklahoma, Arkansas, Alabama, Mississippi and Louisiana. This leadership role will allow Josh and his family to return to Texas and be closer to extended family, while allowing Merchants to continue to benefit from his experience, leadership and long-time knowledge of the region. Penwell has been with Merchants since 1996 and has been a company officer since 2004.  “When this opportunity opened up to return to Texas and also have a significant leadership role at Merchants, my family and I decided that now is the time to pursue that opportunity. We have had a desire to eventually get back to Texas, so this move feels really good for my family and I am personally excited about the opportunities this will create for others,” said Penwell.

Merchants will have additional announcements in the future as we look at innovative ways to meet the challenges of our growing enterprise. Living the Merchants Commitment means continuous improvement in working to balance the needs of associates with the needs of the company.  We look forward to the exciting future of the South Region! 


Merchants Bonding Company was founded in Des Moines in 1933 and is led by fourth generation family members. Merchants Bonding is among the top 15 surety companies in the United States with an A.M. Best Rating of “A” excellent or better for 63 consecutive years. Merchants Bonding corporate headquarters is in West Des Moines, Iowa, with 21 underwriting offices across the United States.

For More Information:

Therese Wielage Chief Marketing & Communications Officer