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First Merchants Corporation is a financial holding company in Central Indiana, headquartered in
Muncie, Indiana Muncie ( ) is a city in Delaware County, Indiana, United States, and its county seat. It is located in East Central Indiana about northeast of Indianapolis. At the 2020 census, the city's population was 65,195, down from 70,085 in the 2010 c ...
. The Corporation includes First Merchants Bank and First Merchants Private Wealth Advisors (a division of First Merchants Bank). The company is listed on the NASDAQ as FRME. As of March 2023, total asset size of First Merchants Corporation was $18.2 billion. First Merchants offers commercial banking, personal banking, and investment advisor services.


History

First Merchants Bank has been growing both organically and through mergers and acquisitions. Banks acquired include: * 1893 – Merchants National Bank, Muncie, IN * 1988 – Pendleton Banking Company, Pendleton, IN * 1991 – First United Bank, Middletown, IN * 1996 – Union County National Bank, Liberty, IN * 1996 – The Randolph County Bank, Winchester, IN * 1999 – First National Bank of Portland, Portland, IN * 1999 – Anderson Community Bank, Anderson, IN * 2000 – Decatur Bank & Trust, Decatur, IN * 2001 – Frances Slocum Bank & Trust, Wabash, IN * 2002 – Lafayette Bank & Trust, Lafayette, IN * 2003 – Commerce National Bank, Columbus, OH * 2008 – Lincoln Bank, Plainfield, IN * 2012 – Shelby County Bank, Shelbyville, IN * 2013 – Citizens Financial Bank, Munster, IN * 2014 – Community Bank, Noblesville, IN * 2015 – Cooper State Bank, Columbus, OH * 2015 – Ameriana Bank, New Castle, IN * 2017 – Arlington Bank, Columbus, OH * 2017 – iAB Bank, Fort Wayne, IN * 2019 – Monroe Bank and Trust, Monroe, MI * 2020 – Hoosier Trust Company, Indianapolis, IN * 2022 – Level One Bank, Farmington Hills, MI A baseball/softball complex on the campus of
Ball State University Ball State University (Ball State or BSU) is a public research university in Muncie, Indiana, United States. The university has three off-campus centers in Indianapolis, Fort Wayne, and Fishers, Indiana. The university is composed of seven aca ...
was renamed the First Merchants Ballpark Complex in 2016.


Recognition

In June 2022, First Merchants Bank was ranked by Forbes as one of America's Best Banks. This is the 5th year in a row First Merchants has received this award. In March 2021, Forbes ranked First Merchants Bank as a top U.S. bank for the 4th consecutive year. First Merchants Bank was ranked #2 on the “America's Best Bank list in January 2019. compiled by Forbes, up from their #4 ranking in 2018. In May, 2022, First Merchants Bank was voted 4th in "Great Employers to Work for in Indiana" by the Best Companies Group. Additionally, First Merchants Bank was listed as one of the “Best Places to Work in Indiana” by the Indiana Chamber of Commerce in 2018 for Major Companies with 1,000+ employees and again in 2019. First Merchants Bank was named as one of the “Best Places to Work” by Columbus Business First for 2018 and as one of the 2019 Best Employers in Ohio, a list created by the Ohio SHRM State Council, Crain's Cleveland Business and Best Companies Group. First Merchants was also named one of the “Best Places to Work” in the state of Illinois in 2018 and again in 2019. Comparably gives First Merchants Bank an A+ on Culture Score with a 4.7 out of 5 star rating based on 133+ employee survey responses as of June 2022. First Merchants Bank was rated as one of the best "In-State Banks" by Forbes and Statistica in June 2022. First Merchants was also rated as one of the top big banks in the USA by ''Newsweek'' magazine in 2022 and one of the top 20 banks in the USA by ''S&P Global Market Intelligence'' in 2022.


References


External links

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– First Merchants Stock
*
First Merchants Private Wealth Advisors
{{NASDAQ Financial-100 Companies listed on the Nasdaq Banks based in Indiana Muncie, Indiana Banks established in 1892 1892 establishments in Indiana