First Merchants Corporation

First Merchants Corporation
Public
Traded as NASDAQ: FRME
Russell 2000 Component
Founded 1982 (First Merchants Corporation)
Headquarters Muncie, Indiana, United States
Key people
 Michael Rechin, President & CEO
Products Banking, Trust
Total assets Increase$6.8 billion USD (2015)
Number of employees
 1,400 (2013)
Website https://www.firstmerchants.com

First Merchants Corporation (Nasdaq: FRME) is the largest financial holding company based in Central Indiana.[1] Since its organization in 1982, the Corporation has grown to include banks with more than 100 locations in 27 Indiana, 2 Ohio, and 2 Illinois counties, and a wealth management company. As of December 31, 2015, total asset size of First Merchants Corporation was $6.8 billion. Bank divisions within the corporation include:

  • First Merchants Bank, in Adams, Brown, Delaware, Fayette, Hamilton, Hancock, Hendricks, Henry, Jay, Johnson, Lake, Madison, Marion, Miami, Morgan, Porter, Randolph, Shelby, Union, Wabash, and Wayne counties in Indiana; Butler and Franklin counties in Ohio; and Cook, and DuPage counties in Illinois
  • Lafayette Bank and Trust Company, A Division of First Merchants Bank, in Carroll, Clinton, Jasper, Montgomery, Tippecanoe and White counties
  • First Merchants Private Wealth Advisors, A Division of First Merchants Bank, is one of the largest wealth management companies in the state of Indiana and provides a full complement of Trust, Investment Management, Retirement Plans, Private Banking and Brokerage solutions.

In January 2018 First Merchants Bank was declared America's 4th Best Bank in a list compiled by Forbes [2]


    History

    First Merchants Bank was originally known as the Merchants National Bank of Muncie, Indiana, and it was organized during the Panic of 1893 by a group of service-minded businessmen who recognized a need in their community and acted to fulfill that need.[3] Spearheaded by Hardin Roads, a former successful wholesale grocer, the enterprising men invested capital of $100,000. This was the only time it was necessary to raise capital through outside sources.

    References

    1. ↑ "Investors | First Merchants". www.firstmerchants.com. Retrieved 2016-05-05.
    2. ↑ https://www.firstmerchants.com/news/2018/01/11/general/forbes-ranks-first-merchants-as-top-five-u.s.-bank-for-2018/
    3. ↑ http://www.indianahistory.org/our-services/books-publications/hbr/first-merchants-bank.pdf

    Official website

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