Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 22

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 22
---
 the Registration Statement on Form S-4, of which this proxy statement and                                                                                                                                                                    
 prospectus is a part, relating to the First Merchants shares to be issued pursuant to the Merger Agreement, must have become effective under the Securities Act of 1933, as amended (the “Securities Act”), and no stop order suspending the 
 effectiveness of the Registration Statement shall have been issued or threatened by the SEC;                                                                                                                                                 |

| • |     | the shares of First Merchants common stock to be issued in the Merger shall have been listed for trading on the 
 Nasdaq Global Select Market (subject to official notice of issuance);                                           |

| • |     | there must be no order, decree, or injunction of a court or agency of competent jurisdiction which enjoins or 
 prohibits the consummation of the Merger or the Bank Merger; and                                              |

10

| • |     | other customary conditions and obligations of the parties set forth in the Merger Agreement, including among    
 other things, delivery by each party of an officers’ certificate in support of certain of the conditions above. |

Regulatory Approvals (page 60) The Merger cannot be completed until (i) First Merchants Bank receives the necessary approvals of the Indiana Department of Financial Institutions (the “Indiana DFI”) and the Federal Deposit Insurance Corporation (the “FDIC”), and (ii) First Merchants receives the necessary approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) under the Bank Holding Company Act. The initial submission of the applications to the Indiana DFI and the FDIC occurred on or about October 3, 2025. There can be no assurances as to when or if such approvals will be obtained. The Federal Reserve has the discretion to waive its application requirement under the Bank Holding Company Act. If not waived, an application or notification and opportunity for public comment will be required. First Merchants has not yet determined whether or not it will request a waiver of the application requirement from the Federal Reserve. Conduct of Business Pending Merger (page 69) Under the terms of the Merger Agreement, First Savings and First Merchants must carry on their business in the ordinary course and, subject to certain limited exceptions, may not take certain extraordinary actions without first obtaining the other party’s consent. We have agreed that First Savings will continue to pay quarterly dividends at no more than $0.16 per share until the Merger closes. We will each cooperate to ensure that First Savings shareholders will