Number of employees 1,400 | Traded as NASDAQ: FRME Founded 1982 | |
![]() | ||
Key people Michael Rechin, President & CEO Total assets $6.8 billion USD (2015) Stock price FRME (NASDAQ) US$ 39.87 -0.29 (-0.72%)10 Mar, 4:00 PM GMT-5 - Disclaimer Motto The Strength of Big, The Service of Small Subsidiaries First Merchants Bank, N.A. |
First merchants corp history of first merchants corporation
First Merchants Corporation (Nasdaq: FRME) is the largest financial holding company based in Central Indiana. Since its organization in 1982, the Corporation has grown to include banks with more than 100 locations in 27 Indiana, 2 Ohio, and 2 Illinois counties, and a wealth management company. As of December 31, 2015, total asset size of First Merchants Corporation was $6.8 billion. Bank divisions within the corporation include:
Contents
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. 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.