Gresham-based Merchants Bancorp, the parent company of MBank, has hit two major milestones as it attempts to craft a turnaround story. MBank has raised $2.2 million in additional capital, which brings the bank significantly closer to reaching regulator-mandated capital requirements. it also helps that MBank returned to profitability in 2013. The bank has steadily raised capital since 2009 when it was ordered to do so by state and federal regulators. It is now at an 8 percent leverage ratio, but…
