NEWS

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.

MUNCIE, Ind. – First Merchants Corporation (NASDAQ - FRME) announces Jadira Hoptry as its new director of community lending and development. Hoptry will manage all community lenders throughout First Merchants Bank, while focusing on consumer lending and support of low- to moderate-income and other underserved communities.

In a current text scam, fraudsters send text messages or make phone calls to customers claiming to be from First Merchants. Fraudsters may try to create panic by claiming to alert customers to fraudulent activity.