First Merchants Corporation (FRME)

33.37 +0.45 (+1.37%) As of 09:51AM EDT. Market open.

First Merchants Corporation

200 East Jackson Street
Muncie, IN 47305-2814
United States
765 747 1500
https://www.firstmerchants.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 2,162

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Mark K. Hardwick	CEO & Director	1.17M	N/A	1971
Mr. Michael J. Stewart	President	967.65k	N/A	1966
Ms. Michele M. Kawiecki	Executive VP, CFO & Principal Accounting Officer	698.49k	N/A	1973
Mr. Stephan H. Fluhler	Senior VP & Chief Information Officer	532.39k	N/A	1969
Mr. Michael C. Rechin	Advisor & Director	60.82k	N/A	1959
Mr. John J. Martin	Executive VP & Chief Credit Officer	617.04k	N/A	1967
Mr. Marcos Nogues C.F.A.	Chief Investment Officer	N/A	N/A	N/A
Ms. Nicole M. Weaver	VP & Director of Corporate Administration	N/A	N/A	N/A
Mr. Brian T. Hunt	Secretary & Legal Counsel	N/A	N/A	1960
Mr. Steven C. Harris	Senior VP & Chief Human Resources Officer	N/A	N/A	1964

Amounts are as of December 31, 2023 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.

Description

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Corporate Governance

First Merchants Corporation’s ISS Governance QualityScore as of April 1, 2024 is 6. The pillar scores are Audit: 4; Board: 8; Shareholder Rights: 9; 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.