FRME - First Merchants Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

First Merchants Corporation

200 East Jackson Street
Muncie, IN 47305
United States

SectorFinancial Services
Full Time Employees1,702

Key Executives

NameTitlePayExercisedYear Born
Mr. Michael C. RechinPres, CEO & Director1.32MN/A1959
Mr. Mark K. HardwickExec. VP, CFO & COO676.12kN/A1971
Mr. Stephan H. FluhlerSr. VP & Chief Information Officer361.64kN/A1969
Mr. Michael J. StewartExec. VP & Chief Banking Officer610.03k112.56k1966
Mr. John J. MartinExec. VP & Chief Credit Officer469.89kN/A1967
Amounts are as of December 31, 2018 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; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services, as well as electronic and mobile delivery channels. It operates 116 banking locations in 31 Indiana, 2 Illinois, and 2 Ohio counties. The company offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1982 and is headquartered in Muncie, Indiana.

Corporate Governance

First Merchants Corporation’s ISS Governance QualityScore as of October 4, 2019 is 6. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 7; Compensation: 4.

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.