Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 16

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 16
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 $18.6 billion, loans of $13.3 billion, deposits of $14.8 billion, and shareholders’ equity of $2.3 billion. As of December 31, 2024, First Merchants and its subsidiaries had 2,120
full-time equivalent employees.

Description of First Savings Financial Group, Inc. (page [●])

First Savings Financial Group, Inc.

702 North Shore
Drive, Suite 300

Jeffersonville, Indiana 47130

(812) 283-0724

First Savings Financial Group, Inc. is a financial holding company headquartered in
Jeffersonville, Indiana. First Savings Bank, which is a wholly-owned Indiana-chartered commercial bank subsidiary of First Savings, provides a variety of banking services to individuals and business customers through 16 locations in southern
Indiana. First Savings Bank attracts deposits primarily from the general public and uses those funds, along with other borrowings, primarily to originate commercial mortgage, residential mortgage, construction, commercial business, and consumer
loans, and to a lesser extent, to invest in mortgage-backed securities, municipal bonds, and other investment securities.

As of
June 30, 2025, on a consolidated basis, First Savings had assets of $2.4 billion, loans of $2.0 billion, deposits of $1.7 billion, and shareholders’ equity of $183.8 million. As of September 30, 2024, First
Savings Bank had 250 full-time employees and 24 part-time employees.

First Savings common stock is traded on the Nasdaq Capital Market
under the symbol “FSFG.”

6

The Merger (page [●])

We have attached a copy of the Merger Agreement to this document as Annex A. Please read the Merger Agreement in its entirety. It is the legal document that governs the Merger.

The Merger Agreement provides that, if all of the conditions are satisfied or waived,
First Savings will merge with and into First Merchants and, immediately thereafter, First Savings will cease to exist. Immediately following the Merger, First Savings Bank will merge with and into First Merchants Bank and First Savings Bank will
cease to exist. We expect to complete the Merger during the first quarter of 2026.

Reasons for the Merger (page [●])

First Merchants. First Merchants’ Board of Directors considered a number of
financial and nonfinancial factors in making its decision to merge with First Savings, including its respect for