Overview
First Merchants Corporation is a U.S. financial holding company focused on community banking, conducted principally through First Merchants Bank, with wealth management also offered through First Merchants Private Wealth Advisors. Its services include personal and commercial banking, lending, treasury management, and investment and wealth-planning services.[1][2][3][4][5]
Headquartered in Muncie, Indiana, the company serves customers through banking centers in Indiana, Ohio, and Michigan. Its investor profile reports more than 126 banking centers and $21.3 billion in assets as of June 30, 2026. The bank traces its origins to 1893, while the corporation was organized in 1982; “Helping You Prosper” is used as a brand phrase.[1][6][7][8] [1][2][3][4][5][6][7][8][2][3][4][5][6][7][8]
Products & services
First Merchants offers consumer deposit and payment products including checking and savings accounts, certificates of deposit, and money-market accounts. Its digital-banking services include bill pay, transfers, Zelle, mobile check deposit, card controls, and mobile-wallet payments.[2][9][10][11][12]
Lending products include home-equity, auto and personal loans, as well as fixed- and adjustable-rate, jumbo, and construction mortgages. Commercial offerings include working- and permanent-capital finance, lines of credit, commercial real-estate and agricultural lending, asset-based lending, and sponsor finance.[13][14][15][16][17]
Other services include investment management, financial and estate planning, fiduciary services, private banking, workplace retirement plans, and business treasury management for payables, receivables, and liquidity management. The company also offers interest-rate swaps to certain commercial borrowers, which can convert variable-rate loans to fixed rates; these transactions are subject to credit approval and underwriting.[5][18][19][4][20]
Financial filings identify fees from deposit accounts, fiduciary and wealth services, card payments, loan sales, derivative hedges, and other customer services. They do not report these product categories as percentages of company performance.[21][22][23] [20][21][22][23][2][9][10][11][12][13][14][15][16][17][5][18][19][4]
Geographic presence
At December 31, 2025, First Merchants operated 111 banking locations in Indiana, Ohio and Michigan, with its headquarters in Muncie, Indiana. Its primary markets are central and northern Indiana, central Ohio and southeast Michigan.[24]
The company’s current profile reports more than 126 banking centers across Indiana, Michigan and Ohio. The footprint expanded into southern Indiana and the Louisville metro area following the February 2026 closing of the First Savings merger; First Savings had 16 banking centers.[6][25][26] The cited materials do not provide geographic revenue or employee-distribution percentages.[24] [24][6][25][26]
Business segments
First Merchants reports one operating segment, **Community banking**, which provides banking services. Its disclosed revenue activities include interest income, deposit service charges, fiduciary and wealth-management fees, card fees, loan-sale gains and fees, and other customer fees.[27]
As the sole reportable segment, Community banking represents 100% of reported segment activity. For the six months ended June 30, 2026, the company’s segment earnings measure—consolidated net income—was $72.136 million, and segment assets were $21,348.765 million. The company does not report a separate segment-revenue subtotal.[27][23][28] [27][23][28]
Company history
The company traces its origins to the opening of Merchants National Bank of Muncie, Indiana, in March 1893; its official history credits Hardin Roads and local businesspeople with founding the bank.[7] In September 1982, First Merchants Corporation was organized as a financial holding company, and in 1991 the bank changed its name to First Merchants Bank.[29][24][30] The bank consolidated three subsidiary-bank charters in 2009, then expanded through the 2012 acquisition of assets and deposits from SCB Bank and its 2015 merger with Ameriana Bancorp.[31][32][33]
Further expansion followed through the 2017 merger with Independent Alliance Banks, the 2019 merger with MBT Financial (Monroe Bank & Trust), and the 2022 merger with Level One Bancorp.[34][35][36] Mark Hardwick became president and CEO in 2021, succeeding Michael C. Rechin.[37] First Merchants completed its acquisition of First Savings Financial Group in February 2026, adding First Savings Bank to the group.[38][39] [29][24][32][33][38][7][30][31][34][35][36][37][39]
Sources
- FIRST MERCHANTS CORP — Full financial report (2025 Y)
- www.firstmerchants.com[2]
- www.firstmerchants.com[3]
- www.firstmerchants.com[4]
- www.firstmerchants.com[5]
- ir.firstmerchants.com[6]
- www.firstmerchants.com[7]
- www.firstmerchants.com[8]
- www.firstmerchants.com[9]
- www.firstmerchants.com[10]
- www.firstmerchants.com[11]
- www.firstmerchants.com[12]
- www.firstmerchants.com[13]
- lending.firstmerchants.com[14]
- www.firstmerchants.com[15]
- www.firstmerchants.com[16]
- www.firstmerchants.com[17]
- www.firstmerchants.com[18]
- www.firstmerchants.com[19]
- FIRST MERCHANTS CORP — Full financial report (2026 Q 2)
- ir.firstmerchants.com[25]
- ir.firstmerchants.com[26]
- archivessearch.bsu.edu[30]
- ir.firstmerchants.com[31]
- FIRST MERCHANTS CORP — Full financial report (2015 Y)[32][33]
- www.firstmerchants.com[34]
- www.firstmerchants.com[35]
- www.firstmerchants.com[36]
- www.firstmerchants.com[37]
- www.firstmerchants.com[39]
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