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
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Federal Equity Investment |
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Total Revenue |
$271.248 million (2007) |
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Net Income |
$31.639 million (2007) |
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Number of Employees |
1,121 (as of 12/2007) |
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Corporate Headquarters |
Muncie, Indiana |
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Business Sector |
Financial |
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Officers and Directors |
Mr. Michael C. Rechin, Chief Exec. Officer, Pres. |
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Corporate Website |
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Executive Compensation |
Unable to locate. |
9-30-2008 First Merchants 10-Q
6-30-2008 First Merchants 10-Q
3-31-2008 First Merchants 10-Q
2007 First Merchant Annual Report
No federal contracts located.
No lobbying reports located.
No political contributions located.
February 24, 2009 Treasury provides $365.4M to 23 banks from bailout (AP/Yahoo Finance)
February 23, 2009 First Merchants Corporation Closes Capital Purchase Program Offering (The Earth Times)
February 9, 2009 First Merchants Corporation Selected to Participate in Voluntary Capital Purchase Program (AP/Yahoo Finance)
February 5, 2009 First Merchants Q4 profit declines – Quick Facts (RTT News)
Last Updated April 6, 2009
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