NEWS

First Merchants Corporation, a $14.1 billion financial holding company, has elected Susan Brooks and Mark Hardwick to the Board of Directors of First Merchants Corporation and First Merchants Bank.

 We are coming to the end of a year that none of us will soon forget. 2020 has presented many challenges that our families, communities, businesses and nation have met with tenacity and resilience. Despite the necessity of serving you via alternative service options, know that we are committed to serving your needs. Our team perseveres for you and appreciates you!

Established in 2001, Hoosier Trust Company provides trust and investment management services to clients in Central Indiana. The company’s employees have a combined service of more than 75 years in the industry and work exclusively to serve the financial and fiduciary needs of their clients in tight alignment with their legal and tax advisors.

First Merchants Corporation (NASDAQ - FRME) has reported third quarter 2020 net income of $36.2 million compared to $36.8 million during the same period in 2019. Earnings per share for the period totaled $.67 per share compared to the third quarter of 2019 result of $.71 per share. Year-to-date net income totaled $103.5 million compared to $116.6 million during the nine months ended September 30, 2019. Year-to-date earnings per share totaled $1.91 compared to $2.32 during the same period in 2019.

After more than 13 years of leading significant growth and success for First Merchants, President & CEO Michael C. Rechin announced today he will retire from his position effective December 31, 2020. Rechin will remain on the First Merchants Board of Directors and will serve as an advisor to First Merchants going forward.