Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 46

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 46
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 Savings common
stock may be required to recognize any gain or loss equal to the difference between (i) the sum of the fair market value of First Merchants common stock received by the U.S. holder of First Savings common stock and the amount of cash, if any,
received by the U.S. holder of First Savings common stock, and (ii) the adjusted tax basis of such U.S. holder in the First Savings common stock.

29

THE FIRST SAVINGS SPECIAL MEETING General Information We are furnishing this document to the shareholders of First Savings in connection with the solicitation by the Board of Directors of First Savings of proxies for use at the First Savings special meeting of shareholders to be held on December 19, 2025, 11:30 a.m., local time, at the First Savings Bank Center – Community Room, located at 702 North Shore Drive, Jeffersonville, Indiana 47130. This document is first being mailed to First Savings shareholders on or about November 10, 2025, and includes the notice of First Savings special meeting, and is accompanied by a form of proxy. Matters To Be Considered The purposes of the special meeting are as follows:

| 1. | Merger Proposal. To consider and vote upon a proposal to approve the Merger Agreement, pursuant to which                                                                                                                                     
 First Savings will merge with and into First Merchants and, immediately thereafter, First Savings Bank will be consolidated and merged with and into First Merchants Bank, as discussed under the section titled “MERGER PROPOSAL” beginning 
 on page 35.                                                                                                                                                                                                                                  |

| 2. | Merger-Related Compensation Proposal. To consider and vote upon a proposal to approve, on an advisory (non-binding) basis, the compensation to be paid to First Savings’ named executive officers that is based on or otherwise relates to the Merger, as discussed under the section titled “MERGER-RELATED 
 COMPENSATION PROPOSAL” beginning on page 36.                                                                                                                                                                                                                                                                 |

| 3. | Adjournment Proposal. To approve one or more adjournments of the First Savings special meeting, if 
 necessary or appropriate, to solicit additional proxies in favor of the Merger Proposal.           |

Pursuant to the Merger Agreement, First Savings will merge into First Merchants. The Merger Agreement is attached to this document as Annex Aand is incorporated in this document by reference. For a description of the Merger Agreement, see “THE MERGER AGREEMENT,” beginning on page