First Merchants Corporation

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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.
First Merchants Corporation
Public
Traded as NASDAQFRME
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

History[edit]

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.[2] 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[edit]

External links[edit]

Official website