Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 44

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 44
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: an adverse development in either party’s regulatory standing, or any other factors considered by regulators in granting such approvals; governmental, political, or community group inquiries, investigations or opposition; changes in legislation or the political environment, including as a result of changes of the U.S. executive administration, Congressional leadership, and regulatory agency leadership. These regulators may impose conditions on the completion of the Merger or the Bank Merger or require changes to the terms of the Merger or the Bank Merger. There can be no assurance that regulators will not impose any such conditions, limitations, obligations, or restrictions or that such conditions, limitations, obligations, or restrictions will not have the effect of delaying or preventing completion of the Merger or the Bank Merger or imposing additional costs on or limiting the revenues of the combined company following the Merger and the Bank Merger or otherwise reducing the anticipated benefits of the Merger or the Bank Merger, any of which might have an adverse effect on the combined company following the Merger. Regulatory approvals could also be impacted based on the status of any ongoing investigation of either party or its customers, including subpoenas to provide information or investigations, by a federal, state, or local governmental agency. Certain of First Savings’ directors and executive officers have interests in the Merger that may differ from the interests of First Savings’ shareholders. First Savings shareholders should be aware that some of First Savings’ executive officers and directors have interests in the Merger and have arrangements that are different from, or in addition to, those of First Savings shareholders generally. First Savings’ Board of Directors was aware of and considered these interests, among other matters, when making its decision to approve and adopt the Merger Agreement, and in recommending that First Savings shareholders vote in favor of approving the Merger Agreement. For a description of these interests, see “THE MERGER – Interests of Certain Persons in the Merger” on page 60. First Savings and First Merchants will be subject to business uncertainties and contractual restrictions while the Merger is pending. Uncertainty about the effect of the Merger on employees and customers may have an adverse effect on First Savings or First Merchants. These uncertainties may impair First Savings’ or First Merchants’ ability to attract, 28

retain, and motivate key personnel until the Merger is completed, and could cause customers and others that deal with First Savings or First Merchants to seek to change existing business
relationships with First Savings or First Merchants. Retention of certain employees by First Savings or First Merch