| Business Summary | | First
Merchants
Corporation
is
a
bank
holding
company
whose
principal
activity
is
the
ownership
and
management
of
its
wholly
owned
subsidiaries:
First
Merchants
Bank,
N.A.,
Madison
Community
Bank,
First
United
Bank,
The
Randolph
County
Bank,
Union
County
National
Bank,
and
First
National
Bank,
Decatur
Bank
and
Trust
Company.
First
Merchants,
Union
National
and
First
National
operate
under
national
bank
charters
and
provide
full
banking
services,
including
trust
services.
Madison,
First
United,
Randolph
County
and
Decatur
operate
under
state
bank
charters
and
provide
full
banking
services,
including
trust
services.
The
Banks
generate
commercial,
mortgage,
and
consumer
loans
and
receive
deposits
from
customers
located
primarily
in
central
and
east
central
Indiana
and
Butler
County,
Ohio. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FRME,
a
bank
holding
co.,
through
its
subsidiaries,
offers
financial
services
such
as
time
and
transaction
deposits,
loans,
credit
cards,
L/C,
REPO,
and
trust
services.
For
the
six
months
ended
6/01,
total
interest
income
rose
9%
to
$59.4
million.
Net
interest
income
after
LLP
rose
10%
to
$28.6
million.
Net
income
rose
9%
to
$10.7
million.
Net
interest
income
reflects
an
increase
in
interest-earning
assets.
Earnings
reflect
the
absence
of
a
loss
on
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Stefan Anderson, 65 Chairman | $107K | $209K | Michael Cox, 55 Pres,
CEO, Director | 253K | -- | Roger Arwood, 48 Exec.
VP | -- | -- | James Thrash, 50 Sr.
VP and CFO | 120K | -- | Ted Montgomery, 60 Sr.
VP and Director | 145K | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|