Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 47

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 47
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 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 63. Vote Required Approval of the Merger Proposal requires the affirmative vote of the holders of a majority of the outstanding shares of First Savings common stock. Abstentions from voting and broker non-votes,if any, will have the effect of a vote “ AGAINST” the Merger Proposal. Approval of the Merger-Related Compensation Proposal and the Adjournment Proposal requires the affirmative vote of the holders of a majority of the shares of First Savings common stock cast at the meeting, in person or by proxy, so long as a quorum is present. As provided in the Indiana Business Corporation Law, abstentions are not “votes cast.” As a result, abstentions and broker non-voteswill have no effect on the Merger-Related Compensation Proposal or the Adjournment Proposal. First Savings has fixed October 24, 2025, as the record date for determining those First Savings shareholders entitled to notice of, and to vote at, the special meeting. Accordingly, if you were a holder of record of First Savings common stock at the close of business on October 24, 2025, you will be entitled to notice of and to vote at the special meeting. Each share of First Savings common stock you own on the record date entitles you to one vote on each matter presented at the special meeting. At the close of business on October 24, 2025, there were 6,986,008 shares of First Savings common stock outstanding held by approximately 227 shareholders of record. Voting Agreement Each member of the Board of Directors of First Savings and certain executive officers of First Savings entered into a voting agreement with First Merchants to cause all shares of First Savings common stock owned and controlled by them of record or beneficially to be voted in favor of the Merger Proposal. See “THE MER