Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 23

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 23
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 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 not yet determined whether or not it will request a waiver of the application requirement from the Federal Reserve. Conduct of Business Pending Merger (page [● ]) Under the terms of the Merger Agreement, First Savings and First Merchants must carry on their business in the ordinary course and, subject to certain limited exceptions, may not take certain extraordinary actions without first obtaining the other party’s consent. We have agreed that First Savings will continue to pay quarterly dividends at no more than $0.16 per share until the Merger closes. We will each cooperate to ensure that First Savings shareholders will receive one quarterly dividend for the quarter in which the Merger closes, and not a separate dividend from both First Merchants and First Savings. Agreements of First Merchants (pages [● ] and [● ]) In the Merger Agreement, First Merchants has agreed, among other matters, to:

| • |     | Proceed and use its reasonable and diligent efforts to obtain any consents and approvals for the Merger. See 
 “THE MERGER – Regulatory Approvals” on page [●].                                                             |

| • |     | Take action as may be necessary to allow First Savings and its subsidiaries’ employees, as soon as                                                                                                                                                    
 reasonably practicable following the effective date of the Merger, to participate in benefit plans First Merchants maintains for its employees. Until such time as participation is implemented, First Merchants will assume, honor, and continue the 
 employee plans and benefit arrangements of First Savings as in effect on the effective date of the Merger, subject to certain limitations set forth in the Merger Agreement. See “THE MERGER AGREEMENT – Employee Benefit Plans” on                   
 page [●].                                                                                                                                                                                                                                             |

| • |     | Provide, or allow for, director and officer liability insurance and indemnification. See “THE MERGER 
 AGREEMENT – Indemnification and Insurance of First Savings Directors and Officers” on page [●].      |

Management and Operations After the Merger (page [● ]) First Savings’ corporate existence will cease after the Merger. Accordingly, except as otherwise described herein, directors and officers