Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 111

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 111
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 holder” is a holder of First Savings common stock who immediately before the Merger (i) owned at least 5% of the total outstanding stock of First Savings by vote or by value or (ii) owned stock of First Savings with a tax basis of at least $1 million. All First Savings shareholders will be required to retain permanent tax records of the tax basis of First Savings common stock exchanged and the First Merchants common stock and cash received in the Merger. 75

This discussion is of a general nature only, is not exhaustive, and is not intended to be, nor should it be construed to be, legal or tax advice to any particular shareholder. Because of the complexity of the tax law and because of the unique tax consequences to the shareholders following the Merger, each shareholder is strongly urged to consult such shareholder’s own tax advisor as to the particular tax consequences to such shareholder of the Merger, including the applicability and effect of federal, state, local, foreign, and other tax laws in such shareholder’s particular circumstances.

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DESCRIPTION OF FIRST MERCHANTS

The following information should be read with the financial statements incorporated by reference into this proxy statement and prospectus.

Business

First Merchants is a financial holding company headquartered in Muncie, Indiana and was organized in September 1982. First Merchants common
stock is listed on the Nasdaq Global Select Market under the symbol “FRME.” First Merchants has one full-service Indiana commercial bank subsidiary, First Merchants Bank, which opened for business in Muncie, Indiana, in March 1893. First
Merchants Bank also operates First Merchants Private Wealth Advisors as a division of First Merchants Bank. First Merchants Bank has 111 full-service branch locations throughout Indiana, Michigan, and Ohio. In addition to its branch network, First
Merchant Bank’s delivery channels include ATMs, check cards, remote deposit capture, interactive voice response systems, and internet technology. First Merchants Bank’s business activities are currently limited to one significant
business segment, which is community banking. First Merchants Bank offers a broad range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans;
renting safe deposit facilities; providing personal and corporate trust services; providing full-service brokerage and private wealth management; and providing letters of credit, repurchase agreements, and other corporate services.

As of June 30, 2025, on a consolidated basis, First Merchants had