Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 88

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 88
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 who are anticipated to be an “affiliate” of First
Merchants after the Merger, except for the director to be appointed to the First Merchants Board of Directors as described under the heading “THE MERGER – Interests of Certain Persons in the Merger – Board Appointment.”

Nasdaq Global Select Market Listing

First Merchants will, prior to the Effective Time, cause the shares of First Merchants common stock to be issued to the holders of shares of
First Savings common stock in connection with the Merger to be approved for listing on the Nasdaq Global Select Market, subject to official notice of issuance.

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Regulatory Approvals

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
requested that the Federal Reserve waive its application requirement, but the Federal Reserve has not yet determined whether or not it will waive.

After the FDIC’s approval is received, the Bank Merger cannot be completed for 30 days. During this
30-day waiting period, the United States Department of Justice has the authority to challenge the Bank Merger on antitrust grounds. With the approval of the FDIC and the Department of Justice, the waiting
period can be reduced to 15 days.

The approvals of the Indiana DFI, the FDIC, and the Federal Reserve are not the opinion of such
regulatory authorities that the Merger is favorable to the First Savings and First Merchants shareholders from a financial point of view or that the Indiana DFI, the FDIC, or the Federal Reserve has considered the adequacy of the terms of the
Merger. The approvals in no way constitute an endorsement or a recommendation of the Merger by the FDIC or the Federal Reserve.

Effective Date of the Merger

The Merger will be consummated if