First Merchants Corporation

First Merchants Corporation
Public
Traded as NASDAQ: FRME
Founded 1982 (First Merchants Corporation)
Headquarters Muncie, Indiana, USA
Key people
Michael Rechin, President & CEO
Products Banking, Insurance, Trust
Total assets Increase$5.6 billion USD (2014)
Number of employees
1,400 (2013)
Slogan The Strength of Big, The Service of Small
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 107 locations in 26 Indiana, 2 Ohio, and 2 Illinois counties, a trust company, and a multi-line insurance company. As of September 30, 2014, total asset size of First Merchants Corporation was $5.6 billion. Bank divisions within the corporation include:


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.[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

External links

Official website
- First Merchants Stock

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