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First Merchants Corp (FRME) Q1 2021 Earnings Call Transcript


Operator
Good afternoon, and welcome to the First Merchants Corporation First Quarter 2021 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.
This presentation contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act. Such forward-looking statements can often be identified by the use of words like believes, expect or may and include statements relating to First Merchants business plan, growth strategies, loan and investment portfolio; asset quality, risk and future costs. These statements are subject to significant uncertainties that may cause results to differ materially from those set forth in such statements, including changes in economic conditions, the ability of First Merchants to integrate recent acquisitions, changes in regulations and requirements of the company as regulators, litigation, changes in the creditworthin ....

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First Merchants acquires Hoosier Trust Company to bolster wealth management


First Merchants Bank, the successor to Munster-based Citizens Financial Bank, has finalized its acquisition of Hoosier Trust Co., which manages about $300 million in assets.
Muncie-based First Merchants said the merger — which has cleared regulatory approvals — will increase its fiduciary and wealth management offerings. Terms of the deal were not disclosed.
“We are excited to formally welcome Hoosier Trust Company’s team and their clients to the First Merchants family,” First Merchants Private Wealth Advisors President Michael Joyce said. “The cultural fit between our two organizations was evident and only reinforced while working together to finalize this merger. We look forward to bringing immediate value through comprehensive solutions and support, while maintaining the personal service these clients covet.”  ....

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Area roundup: First Merchants, Hoosier Trust Company finalize merger


Area roundup: First Merchants, Hoosier Trust Company finalize merger
FROM NEWS REPORTS
MUNCIE  First Merchants Corporation and Hoosier Trust Company have finalized a merger of the two companies, following regulatory approvals, according o a release.
Established in 2001, Hoosier Trust Company built a highly respected trust and investment management practice serving clients in Central Indiana, according to a release
First Merchants Private Wealth Advisors consists of more than 100 professionals managing assets in excess of $4 billion. First Merchants is a full-service financial institution offering an array of services including commercial and consumer banking, treasury management, private wealth and administrative services. The company has assets of approximately $14.1 billion with 130 banking offices in Indiana, Michigan, Ohio and Illinois. ....

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