First Merchants Bank

Indianapolis, United States Founded: 1893 • Age: 133 yrs
Commercial banking services are provided to businesses and individuals.
Annual revenue $1.1B Latest available
Total funding - 1 rounds
Employees 2120 Tracked headcount
Investors - Known backers
Products 5 Services tracked
Competitors 10 Brand Intelligence

About First Merchants Bank

First Merchants Bank is a company based in Indianapolis (United States) founded in 1893. The company has 2,120 employees as of December 31, 2024. First Merchants Bank has completed 5 acquisitions, including Ameriana Bank, Hoosier Trust and Monroe Bank & Trust. First Merchants Bank offers products and services including Checking Accounts, Savings Accounts, Mortgages, Personal Loans, and Credit Cards. First Merchants Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.

  • Headquarter Indianapolis, United States
  • Employees 2120 as on 31 Dec, 2024
  • Stage Public
  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name First Merchants Corporation
Operational Areas
Financial Services → Banking & Financial Institutions Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.05 B (USD)
    0
    as on Dec 31, 2025
  • Net Profit
    $226 M (USD)
    0
    as on Dec 31, 2025
  • EBITDA
    Not available
  • Latest Funding Round
    $21.17 M (USD), Post-IPO

    Sep 22, 2011

  • Investors
    Not available
  • Employee Count
    2120

    as on Dec 31, 2024

  • Investments & Acquisitions
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IPO & Listings of First Merchants Bank

First Merchants Bank is a publicly listed company on the NASDAQ with ticker symbol FRME in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

Exchange: NASDAQ · Ticker: FRME · Sector: Finance · USA

Products & Services of First Merchants Bank

First Merchants Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Mortgages, Personal Loans, and Credit Cards.

Product name locked
Category locked
Primary

Accounts for everyday transactions and payments.

Product name locked
Category locked
Locked

Accounts for saving money and earning interest.

Product name locked
Category locked
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Loans for home purchases and refinancing.

Product name locked
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Loans for individual financial needs and expenses.

Product name locked
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Cards for purchases and building credit scores.

People of First Merchants Bank

Headcount 1000-5000
Employee Profiles 100
Board Members and Advisors 11
Employee Profiles
People
Michael J. Stewart
Executive Vice President and Chief Banking Officer
People
Michael C. Rechin
President & CEO
People
Mark K. Hardwick
Executive Vice President, Chief Financial Officer and Chief Operating Officer
People
Brian T. Hunt
Secretary and Legal Counsel

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Board Members and Advisors
people
Clark C. Kellogg Jr.
Director
people
Charles E. Schalliol
Chairman
people
Patrick A. Sherman
Director
people
Jean L. Wojtowicz
Director

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Funding Insights of First Merchants Bank

Investments & Acquisitions by First Merchants Bank

First Merchants Bank has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Ameriana Bank, Hoosier Trust and Monroe Bank & Trust.

Investments
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Investment portfolio details for First Merchants Bank

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Wealth management services are provided by Hoosier Trust to clients.
Locked Locked 2002 Locked
Commercial banking services are offered in the United States.
Locked Locked 1946 Locked
Retail and business banking services are provided to local communities.
Locked Locked 1890 Locked
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Complete acquisition details for First Merchants Bank

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Financial Statements - First Merchants Bank

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Detailed financials for First Merchants Bank

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First Merchants Bank Comparisons

First Merchants Bank Primary company
Description
Commercial banking services are provided to businesses and i...
Location
Indianapolis, United States
Founded Year
1893
Annual Revenue
$1.05 B (USD)
Net Profit
$226 M (USD)
EBITDA
Not available
Employees
2,120
As of 2024
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Peer comparison for First Merchants Bank

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Competitors of First Merchants Bank

First Merchants Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Wealth advisory and banking services are offered to clients.
Locked Locked Locked
Commercial bank
Locked Locked Locked
Commercial banking services are provided to businesses and individuals.
Locked Locked Locked
Global banking, investment, and wealth management services are offered worldwide.
Locked Locked Locked
Commercial bank
Locked Locked Locked
Commercial banking and wealth management services are offered globally.
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Detailed competitors of First Merchants Bank

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Latest news on First Merchants Bank

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Complete news archive for First Merchants Bank

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Frequently Asked Questions about First Merchants Bank

First Merchants Bank was founded in 1893 and raised its 1st funding round 118 years after it was founded.

First Merchants Bank is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.

Mike Rechin is the current CEO of First Merchants Bank.

As of Dec 31, 2024, the latest employee count at First Merchants Bank is 2,120.

Annual revenue of First Merchants Bank is $1.05B as on Dec 31, 2025.

First Merchants Bank was established in 1893 and is headquartered in Indianapolis, United States. Operations as a commercial bank are focused on delivering financial services such as deposits, loans, and treasury management to corporate clients and consumers. The institution serves communities primarily in the Midwest region, with digital platforms accessible via its domain. Leadership is held by CEO Mike Rechin, overseeing strategic growth and regulatory compliance.

First Merchants Bank's top competitors include Truist, Investec and Citi.

First Merchants Bank offers Checking Accounts, Savings Accounts, Mortgages, Personal Loans, and Credit Cards.

Yes, First Merchants Bank is publicly traded on NASDAQ under the ticker symbol FRME.

First Merchants Bank has made 5 acquisitions, including Ameriana Bank, Hoosier Trust, and Monroe Bank & Trust.

The ticker symbol of First Merchants Bank is FRME on NASDAQ.

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