First Merchants, Hoosier Trust Company Finalize Merger

By First Merchants Corporation | | 5.5.21

First Merchants Corporation (NASDAQ: FRME) and Hoosier Trust Company have finalized a merger of the two companies, following regulatory approvals. The merger provides enhanced solutions available to current Hoosier Trust clients and solidifies First Merchants as a preeminent provider of fiduciary and wealth management services in central Indiana.

Established in 2001, Hoosier Trust Company built a highly respected trust and investment management practice serving clients in central Indiana. The company’s employees have a combined service of more than 75 years in the industry and work exclusively to serve the financial and fiduciary needs of clients in tight alignment with legal and tax advisors.

“We are excited to formally welcome Hoosier Trust Company’s team and their clients to the First Merchants family,” said First Merchants Private Wealth Advisors President Michael Joyce. “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.”

First Merchants Private Wealth Advisors consists of more than 100 professionals (including attorneys, CFAs, CPAs, CFPs, CTFAs, CRPSs and ChFCs) managing assets in excess of $4.0 billion. Advisors take a comprehensive approach to wealth management, beginning with a conversation and resulting in a solution to meet the goals and needs of the client.

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.

About First Merchants Corporation

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s website. FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.