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Sunday, March 21, 2010, 5:18PM ET - U.S. Markets Closed. Dow Down 0.35% Nasdaq Down 0.71%
First Merchants Corp. (FRME)On Mar 19: 6.25  Down 0.10 (1.57%)  
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First Merchants Corp.
200 East Jackson Street
Muncie, IN 47305-2814
United States - Map
Phone: 765-747-1500
Fax: 765-282-6304
Web Site: http://www.firstmerchants.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Regional - Midwest Banks
Full Time Employees:N/A

BUSINESS SUMMARY 
First Merchants Corporation, a financial holding company, provides various financial products and services. It accepts deposits, such as demand deposits, NOW accounts, savings accounts, and money market accounts; and offers agricultural production financing and other loans to farmers, construction loans, commercial and farmland loans, residential real estate loans, individuals' loans for household and other personal expenditures, lease financing, loans to financial institutions, tax-exempt loans, and consumer loans. The company also provides renting safe deposit facilities; personal and corporate trust services; asset management services; and corporate services, letters of credit, and repurchase agreements. In addition, it involves in personal and commercial lines of insurance, such as property, casualty, and personal lines; reinsurance of credit life, accident, and health insurance; and debt cancellation contracts. The company provides its services through ATMs, check cards, interactive voice response systems, and Internet technology. As of December 31, 2008, it had 5 affiliate banks with 82 locations in 24 Indiana and 3 Ohio counties. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
Key Statistics

COMPANY WEBSITES 
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    CORPORATE GOVERNANCE 
    First Merchants Corp.'s Corporate Governance Quotient (CGQ®) as of 1-Mar-10 is better than 21% of Russell 3000 companies and 33.7% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Michael C. Rechin , 51
    Chief Exec. Officer, Pres
    $ 346.00K $ 0
    Mr. Mark K. Hardwick , 39
    Chief Financial Officer and Exec. VP
    $ 243.00K $ 28.00K
    Mr. Robert R. Connors , 60
    Chief Information Officer, Sr. VP, Chief Information Officer of First Merchants Bank and Sr. VP of First Merchants Bank
    $ 210.00K $ 0
    Mr. David W. Spade , 57
    Chief Credit Officer of First Merchants Bank, NA
    $ 186.00K $ 0
    Mr. Michael J. Stewart , 44
    Chief Banking Officer and Exec. VP
    $ 271.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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