Bailout Bank Bio: First Merchants Corporation

Apr 6, 2009 | 2 min read | Print Article

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. It has 65 locations in Indiana and Ohio. It was founded in 1893. Subsidiaries of the Corporation include First Merchants Bank, N.A., First Merchants Bank of Central Indiana, N.A., Lafayette Bank & Trust Company, N.A., Commerce National Bank, Lincoln Bank and First Merchants Trust Company, N.A. The Corporation also operates First Merchants Insurance Services, a full-service property casualty, personal lines, and healthcare insurance agency.

In February First Merchants Corporation began participating in the Treasury Department’s Capital Purchase Program. Under the program First Merchants received $116 million from Treasury in exchange for preferred stock and warrants.

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Bailout Bank Bio: First Merchants Corporation


Federal Equity Investment	$116 million
Total Revenue	$271.248 million (2007)
Net Income	$31.639 million (2007)
Number of Employees	1,121 (as of 12/2007)
Corporate Headquarters	Muncie, Indiana
Business Sector	Financial
Officers and Directors	Mr. Michael C. Rechin, Chief Exec. Officer, Pres. Other Officers and Directors
Corporate Website	https://www.firstmerchants.com/
Executive Compensation	Unable to locate.