Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 142

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 142
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 Mentioned,” “Substandard,”
“Doubtful” or “Loss;” (ii) has been identified by accountants or auditors (internal or external) as having a significant risk of uncollectability, or (iii) has been identified by First Savings’s Management to be
ninety (90) days or more past due with respect to principal or interest or has been placed on nonaccrual status.

(b)
The reserves for loan and lease losses and the carrying value for other real estate owned which are shown on each of the balance sheets contained in the Financial Information were adequate in the judgment of First Savings’s Management and
consistent with applicable bank regulatory standards and under GAAP to provide for losses, net of recoveries relating to loans and leases previously charged off, on loans and leases outstanding and other real estate owned (including accrued interest
receivable) as of the applicable date of such balance sheet.

(c) Except as set forth in the First Savings Disclosure
Letter, none of the investments reflected in the Financial Information and none of the investments made by First Savings or any Subsidiary since June 30, 2025 is subject to any restrictions, whether contractual or statutory, which materially
impairs the ability of First Savings or any Subsidiary to dispose freely of such investment at any time. Except as set forth in the First Savings Disclosure Letter, neither First Savings nor any Subsidiary is a party to any repurchase agreements
with respect to securities.

(d) With respect to each loan originated, held, or serviced by First Savings or any Subsidiary
under the U.S. Small Business Administration (“SBA”) loan program, (a) such loan has been originated, underwritten, closed, and serviced in all material respects in accordance with all applicable SBA statutes, regulations,
Standard Operating Procedures (SOPs), and other official SBA guidance in effect at the time of origination and throughout the term of the loan and (b) all required documentation has been properly completed and maintained, and all eligibility,
use of proceeds, and other program requirements have been satisfied, such that the SBA guaranty, to the knowledge of First Savings’s Management, is valid, enforceable, and has not been impaired or rendered unenforceable due to any act or
omission of First Savings or any Subsidiary.

A-12

5.13 .

(a) Each of First Savings and the Subsidiaries (including the Bank) (