Merchants National Corp. has won out over...

Merchants National Corp. has won out over American Express to provide banking services to 300,000 U.S. military personnel stationed in continental Europe, the Defense Department announced. The Department said a two-year contract had been awarded to Merchants National, Indiana’s second-largest banking company, which will operate 134 bank facilities in West Germany, Greece and the Netherlands starting no later than February. The bank holding company has 101 branches in Indiana.