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
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name First Merchants Corporation
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Annual Revenue
$1.05 B0as on Dec 31, 2025
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Net Profit
$226 M0as on Dec 31, 2025
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EBITDA
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Latest Funding Round
$21.17 M (USD), Post-IPO
Sep 22, 2011
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Investors
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Employee Count
2120
as on Dec 31, 2024
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Investments & Acquisitions
Ameriana Bank
& 4 more
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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.
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for everyday transactions and payments.
Accounts for saving money and earning interest.
Loans for home purchases and refinancing.
Loans for individual financial needs and expenses.
Cards for purchases and building credit scores.
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Leadership Team
26 people
Software Development Team
19 people
Finance and Accounting
13 people
Sales and Marketing
9 people
Operations Team
9 people
Legal and Compliance
6 people
Senior Team
4 people
Human Resources and Administration
3 people
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Funding Insights of First Merchants Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $21.2M
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First Round
First Round
(22 Sep 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2011 | Amount | Post-IPO - First Merchants Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Wealth management services are provided by Hoosier Trust to clients.
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2002 | ||||
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Commercial banking services are offered in the United States.
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1946 | ||||
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Retail and business banking services are provided to local communities.
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1890 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - First Merchants Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
First Merchants Bank Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on First Merchants Bank
Frequently Asked Questions about First Merchants Bank
When was First Merchants Bank founded?
First Merchants Bank was founded in 1893 and raised its 1st funding round 118 years after it was founded.
Where is First Merchants Bank located?
First Merchants Bank is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Who is the current CEO of First Merchants Bank?
Mike Rechin is the current CEO of First Merchants Bank.
How many employees does First Merchants Bank have?
As of Dec 31, 2024, the latest employee count at First Merchants Bank is 2,120.
What is the annual revenue of First Merchants Bank?
Annual revenue of First Merchants Bank is $1.05B as on Dec 31, 2025.
What does First Merchants Bank do?
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.
Who are the top competitors of First Merchants Bank?
What products or services does First Merchants Bank offer?
First Merchants Bank offers Checking Accounts, Savings Accounts, Mortgages, Personal Loans, and Credit Cards.
Is First Merchants Bank publicly traded?
Yes, First Merchants Bank is publicly traded on NASDAQ under the ticker symbol FRME.
How many acquisitions has First Merchants Bank made?
First Merchants Bank has made 5 acquisitions, including Ameriana Bank, Hoosier Trust, and Monroe Bank & Trust.
What is First Merchants Bank's ticker symbol?
The ticker symbol of First Merchants Bank is FRME on NASDAQ.