Commerce National Bank
| Public | |
| Traded as | NASDAQ: FRME |
| Founded | 1982 (First Merchants Corporation) |
| Headquarters | Muncie, Indiana, United States |
|
Key people
|
Michael Rechin, President & CEO |
| Products | Banking, Trust |
| Total assets |
 $6.8 billion USD (2015) |
|
Number of employees
|
1,400 (2013) |
| Website | https://www.firstmerchants.com |
First Merchants Corporation (Nasdaq: FRME) is the largest financial holding company based in Central Indiana. Since its organization in 1982, the Corporation has grown to include banks with more than 100 locations in 27 Indiana, 2 Ohio, and 2 Illinois counties, and a wealth management company. As of December 31, 2015, total asset size of First Merchants Corporation was $6.8 billion. Bank divisions within the corporation include:
First Merchants Bank was originally known as the Merchants National Bank of Muncie, Indiana, and it was organized during the Panic of 1893 by a group of service-minded businessmen who recognized a need in their community and acted to fulfill that need. Spearheaded by Hardin Roads, a former successful wholesale grocer, the enterprising men invested capital of $100,000. This was the only time it was necessary to raise capital through outside sources.
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Wikipedia