First Merchants Bank is a bank based in Muncie, Indiana, established in 1893, with $21.0 billion in total assets across 135 branches. By Trust Grade it ranks 84th of 89 banks we track in Indiana. Its capital ratio of 12.9% is stronger than 72% of similarly sized banks, versus a Indiana median of 9.6%. It was profitable over the most recent period, with a 0.66% return on assets. Consumers filed 101 complaints about FIRST MERCHANTS CORPORATION with the CFPB — 4.8 per $1B in assets, a higher rate than 54% of peers.
How First Merchants Bank compares to Indiana peers
How we graded First Merchants Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.9% capital ratio)
- Profitable (ROA 0.66%)
- 4.8 complaints per $1B in assets
Consumer complaints (CFPB)
101 complaints filed with the CFPB against FIRST MERCHANTS CORPORATION — 4.8 per $1B in assets.
Branch locations (135)
- 855 Webster St, Fort Wayne, IN 46802
- 250 Main St, Lafayette, IN 47901
- 116 E Washington St, Monticello, IN 47960
- 520 N 13th St, Decatur, IN 46733
- 790 W Mill St, Middletown, IN 47356
- 832 N Central Ave, Connersville, IN 47331
- 101 S Country Club Rd, Muncie, IN 47303
- 2101 S Madison St, Muncie, IN 47302
- 1628 W Mcgalliard Rd, Muncie, IN 47304
- 801 S Tillotson Ave, Muncie, IN 47304
- 1 E Carmel Dr, Carmel, IN 46032
- 478 W Myers St, Montgomery, IN 47558
- 901 S State Road 135, Greenwood, IN 46143
- 2917 Lewis Ave, Ida, MI 48140
- 9007 Lewis Ave, Temperance, MI 48182
- 7341 Secor Rd, Lambertville, MI 48144
- 1204 N Monroe St, Monroe, MI 48162
- 1500 N Custer Rd, Monroe, MI 48162
- 14581 S Dixie Hwy, Monroe, MI 48161
- 14690 S Sanford Rd, Milan, MI 48160
- 12633 Grafton Rd, Carleton, MI 48117
- 28417 Telegraph Rd, Flat Rock, MI 48134
- 165 E State Road 64, Marengo, IN 47140
- 651 Westfield Rd, Noblesville, IN 46060
- 437 N Halleck St, Demotte, IN 46310
- 115 W Main St, Portland, IN 47371
- 17505 State Road 37, Harlan, IN 46743
- 10403 Leo Rd, Fort Wayne, IN 46825
- 2200 Elmwood Ave, Lafayette, IN 47904
- 2504 Teal Rd, Lafayette, IN 47905
- 2329 N Salisbury St, West Lafayette, IN 47906
- 3901 South St, Lafayette, IN 47905
- 1803 Veterans Memorial Pkwy S Ste J, Lafayette, IN 47909
- 1405 Baker Pl, Bluffton, IN 46714
- 1250 N Cass St, Wabash, IN 46992
- 990 W Main St, Peru, IN 46970
- 134 S Washington St, Crawfordsville, IN 47933
- 975 E Main St, Brownsburg, IN 46112
- 155 N Main St, Crown Point, IN 46307
- 1720 45th St, Munster, IN 46321
Are deposits at First Merchants Bank insured?
Yes. First Merchants Bank is an FDIC-insured bank (FDIC certificate #4365). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Merchants Bank: frequently asked questions
Is First Merchants Bank a good bank?
First Merchants Bank earns a Bankzia Trust Grade of B (83/100, "Strong"), based on a financial-strength score of 95/100 and a customer-experience score of 71.8140594059406/100. Strongly capitalized (12.9% capital ratio); Profitable (ROA 0.66%).
Is First Merchants Bank FDIC-insured?
Yes. First Merchants Bank is a FDIC-insured bank (FDIC certificate #4365). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Merchants Bank?
First Merchants Bank holds $21.0 billion in total assets, ranking 84th of 89 banks we track in Indiana. It operates 135 branches.
How many complaints does First Merchants Bank have?
Consumers filed 101 complaints about FIRST MERCHANTS CORPORATION with the CFPB, or 4.8 per $1B in assets. 99% were answered on time. 4% closed with relief to the consumer.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
