First Merchants Bank: A Regional Bank Serving Indiana, Illinois, Michigan, and Ohio

Jessy August 13, 2023

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If you are looking for a bank that offers a wide range of financial products and services, as well as a local and personalized customer service, you might want to check out First Merchants Bank. First Merchants Bank is a regional bank that has been serving the communities of Indiana, Illinois, Michigan, and Ohio since 1893. In this blog post, we will review First Merchants Bank in terms of its history, mission, and offerings.

History of First Merchants Bank

First Merchants Bank was founded in 1893 as the Merchants National Bank of Muncie, Indiana. The bank was established by a group of local businessmen who wanted to provide banking services to the growing industrial city. The bank survived the economic hardships and grew steadily over the years, expanding its branches and services.

In 1982, the bank changed its name to First Merchants National Bank to reflect its regional presence. In 1989, the bank formed a holding company called First Merchants Corporation to facilitate its growth and acquisitions. In 1996, the bank changed its name again to First Merchants Bank to simplify its identity.

Today, First Merchants Bank has over 130 branches and more than 1,800 employees. It is the largest financial services holding company in Central Indiana and one of the largest in the Midwest.

Mission of First Merchants Bank

First Merchants Bank’s mission is to provide superior financial solutions to its customers, while maintaining its values of integrity, excellence, and community involvement. The bank strives to meet the needs and expectations of its customers by offering competitive rates, convenient locations, and innovative solutions.

First Merchants Bank also supports the community by sponsoring various events, organizations, and causes. The bank participates in local festivals, parades, fairs, and fundraisers. The bank also donates to schools, churches, charities, and civic groups. The bank’s employees also volunteer their time and skills to help the community.

First Merchants Bank’s vision is to be the preferred financial partner for its customers and the community. The bank aims to achieve this vision by continuing to grow, improve, and serve with excellence.

Offerings of First Merchants Bank

First Merchants Bank offers a variety of financial products and services to suit every customer’s needs. Some of these products and services are:

Personal Banking: The bank offers checking accounts, savings accounts, CDs/IRAs, debit cards, credit cards, gift cards, health savings accounts (HSAs), and student banking.
Business Banking: The bank offers business checking accounts, business savings accounts, business loans, treasury management services, merchant services, payroll services, remote deposit capture (RDC), and business credit cards.
Loans: The bank offers personal loans, auto loans, home loans (mortgages), home equity loans (HELOCs), construction loans (CLOCs), agricultural loans (AgriLine), commercial loans (C&I), SBA loans (SBA Express), and USDA loans (B&I).
Wealth Management: The bank offers investment management services (FMI), trust services (FMT), retirement planning services (FMRS), private banking services (FPB), insurance services (FMIS), and employee benefits services (FMEB).

First Merchants Bank also offers online banking and mobile banking services for its customers. You can access your accounts online or on your mobile device anytime and anywhere. You can also pay bills online or on your mobile device with Bill Pay or Zelle. You can also deposit checks on your mobile device with Mobile Deposit.

Conclusion

First Merchants Bank is a regional bank that has been serving Indiana, Illinois, Michigan, and Ohio since 1893. It offers a wide range of financial products and services for personal and business customers. It also supports the community by sponsoring various events and causes.