Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 110

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 110
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ger will be completed according to the terms of the Merger Agreement. In rendering the tax opinions, such tax counsel may require and rely on factual representations of First Merchants and First Savings. If any of such assumptions or representations is or becomes inaccurate, the U.S. federal income tax consequences of the Merger could be adversely affected. The opinions will not be binding on the IRS. First Merchants and First Savings do not intend to request any ruling from the IRS as to the U.S. federal income tax consequences of the Merger. Consequently, no assurance can be given that the IRS will not assert, or that a court will not sustain, a position contrary to any of the tax consequences set forth below or any of the tax consequences described in the tax opinion. Tax Consequences to First Merchants, First Merchants Shareholders, and First Savings No gain or loss will be recognized by First Merchants, First Merchants shareholders, or First Savings with respect to the Merger. Tax Consequences of the Merger to U.S. Holders of First Savings Common Stock

| • |     | Consideration Received in the Merger |

U.S. Holders will receive First Merchants common stock in exchange for their First Savings common stock in the Merger. A U.S. Holder will generally not recognize gain or loss on the exchange, except to the extent the U.S. Holder receives cash in lieu of a fractional share of First Merchants common stock (as discussed below). A U.S. Holder’s aggregate adjusted tax basis of the shares of First Merchants common stock received in the Merger will generally be equal to the basis of the First Savings common stock exchanged in the Merger, reduced by any amount of such basis allocable to a fractional share of First Merchants common stock, if any, for which cash is received. The holding period of the First Merchants common stock received will include the holding period of the shares of First Savings common stock being exchanged. A U.S. Holder should consult its tax advisor regarding the manner in which the basis of First Merchants common stock received in the Merger is determined, including, but not limited to, the following circumstances: (i) the U.S. Holder acquired different blocks of First Savings common stock at different times or different prices, (ii) the U.S. Holder can designate specific consideration to particular shares of its First Savings common stock exchanged under the terms of the Merger that are determined to be economically reasonable or (iii) the U.S. Holder desires to make potentially