Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 122

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 122
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 MERCHANTS CORPORATION

AND

FIRST SAVINGS FINANCIAL GROUP, INC.

THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is entered into as of the 24 day of September, 2025, by and between FIRST MERCHANTS CORPORATION, an Indiana corporation (“First Merchants”), and FIRST SAVINGS FINANCIAL GROUP, INC., an Indiana
corporation (“First Savings”).

W I T N E S S E T H:

WHEREAS, First Merchants is a registered bank holding company under the Bank Holding Company Act of 1956, as amended, with its
principal place of business in Muncie, Delaware County, Indiana, with First Merchants Bank, an Indiana commercial bank (“FMB”), as its wholly-owned subsidiary;

WHEREAS, First Savings is a registered bank holding company that has elected financial holding company status under the Bank Holding
Company Act of 1956, as amended, with its principal place of business in Jeffersonville, Clark County, Indiana, with First Savings Bank, an Indiana commercial bank (the “Bank”), as its wholly-owned subsidiary;

WHEREAS, Southern Indiana Financial Corporation, an Indiana corporation (“Southern”), First Savings Investments,
Inc., a Nevada corporation (“Investments”), Q2 Business Capital, LLC, an Indiana limited liability company (“Q2”), and Crimson Properties, LLC, a Kentucky limited liability company
(“Crimson”), are wholly-owned subsidiaries of the Bank (the Bank, Southern, Investments, Q2, and Crimson are sometimes collectively referred to herein as the “Subsidiaries”or individually as a
“Subsidiary”);

WHEREAS, it is the desire of First Merchants and First Savings to effect a series of
transactions whereby (i) First Savings will merge with and into First Merchants, and (ii) the Bank will merge with and into FMB;

WHEREAS, as a condition and inducement to the willingness of First Merchants to enter into this Agreement, each director of First
Savings and certain executive officers of First Savings and/or the Bank has entered into an agreement dated as of the date hereof in the form attached hereto as , pursuant to which he or she has agreed to vote his or her shares of
First Savings Common Stock (a defined herein) in favor of this Agreement and the transactions contemplated hereby (each, a “Voting Agreement”);

WHEREAS, the Boards of Directors of First Merchants and First Savings have adopted and approved this