MUNCIE, Ind. – First Merchants Bank is proud to announce it has been named one of SNL Financial's Top Performing Regional Banks in the nation for 2015. Of the top 25 best-performing regional banks, First Merchants ranked 22nd, based on core financial metrics.
Regional banks were defined as top-tier bank holding companies and commercial banks with less than $50 billion in assets and at least 60 offices. Additionally, banks had to be well-capitalized according to regulatory standards.
MUNCIE, Ind. - First Merchants Corporation recently named Mark Hardwick chief operating officer. He will assume those duties in addition to his roles as executive vice president and chief financial officer.
Ransomware is a malware attack that prevents access to the infected computer system; part of the attack includes a demand from the attacker that the user pay a ransom in order to regain access to their computer. This type of attack has seen a rapid increase this year and small businesses have been a particular target for attackers.
First Merchants has announced a rebranding of First Merchants Trust Company to First Merchants Private Wealth Advisors. President and CEO, Michael C. Rechin said “Our new name reflects the breadth of our expertise, capabilities and resources coupled with the holistic needs of our current and prospective clients.” First Merchants Private Wealth Advisors currently manages over $1.8 billion in client assets and remains a division of First Merchants Bank.
Below you can find Cyber Security Tips and suggestions from the FDIC on how to better protect your personal information.
Basic Computing Security Tips
- Take extra precautions for logging into bank and other financial accounts.
- Take precautions if you provide financial account information to third parties online.
- Periodically check your bank accounts for signs of fraud.
On Thursday, February 4th, the Ohio region of First Merchants Bank hosted an Economic Forecast with Dr. Mike Hicks from Ball State University at the OSU 4-H Center. Dr. Hicks is in his third year of presenting the state of the economy and his predictions for the upcoming year to a First Merchants commercial customer audience. This year, Dr. Hicks broadened the spectrum and included insight on the U.S. and Ohio economy through 2030.
The US Department of Treasury is warning taxpayers about a ‘frightening’ fraud scam. The U.S. Department of the Treasury issued a warning January 19 advising taxpayers to be aware of callers impersonating Internal Revenue Service (IRS) agents and threatening victims to pay back-owed taxes following reports that the Treasury Inspector General for Tax Administration (TIGTA) received 900,000 reports of fraudulent calls, resulting in over $26.5 million in victim losses since October 2013.
First Merchants is proud to announce it has been named Bank of the Year by NWI Regional Development Company for 2015.
At First Merchants we’re proud of our Business Banking TEAM! Partnership plays a vital role in the growth of your business and we bring the right people together to provide our clients with convenience, expertise and superior personalized service.
The FBI warns us of the following scams, which seem to be growing in popularity:
Online Shopping Scams—If a deal looks too good to be true, it probably is. Steer clear of unfamiliar sites offering items at unrealistic discounts or gift cards as an incentive to purchase a product. You may end up paying for an item, giving away personal information, and then receive nothing in return except a compromised identity. In addition, do not open any unsolicited e-mails or click on the links provided.
MUNCIE, Ind. - Be aware that criminals have been making phone calls to customers and non-customers claiming to be First Merchants Bank and Lafayette Bank and Trust regarding their FMB Debit Card.