FRME - First Merchants Corporation

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

First Merchants Corporation

200 East Jackson Street
Muncie, IN 47305
United States

IndustryRegional - Midwest Banks
Full Time Employees1,449

Key Executives

Mr. Michael C. RechinCEO, Pres & Director1.06M403.5k58
Mr. Mark K. HardwickChief Financial Officer, Chief Operating Officer and Exec. VP539.33k305.94k46
Mr. Stephan H. FluhlerChief Information Officer and Sr. VP299.11kN/A48
Mr. Michael J. StewartChief Banking Officer and Exec. VP490.35kN/A51
Mr. John J. MartinChief Credit Officer and Exec. VP395.36k92.14k50
Amounts are as of December 31, 2016 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. Currency in USD.


First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. The company also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services. In addition, it operates as a property, casualty, personal lines, and employee benefit insurance agency. The company operates 106 banking locations in 27 Indiana, 2 Illinois, and 2 Ohio counties. Its delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and Internet technology. The company was founded in 1893 and is headquartered in Muncie, Indiana.

Corporate Governance

First Merchants Corporation’s ISS Governance QualityScore as of November 1, 2017 is 7. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 8; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.