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First Market Bank history
First Market Bank company history timeline
The new facility made possible the consolidation of two smaller, older banking centers--one on Kilgore and the other on West Jackson (inside the old Marsh store). In August 1997, the Corporation announced that it had passed $1 billion in assets.
To diversify the financial products available to its customers, the Corporation announced in April 1998, the acquisition of the Muncie office of Insurance & Risk Management, one of the oldest and largest multi-line insurance companies in east central Indiana.
Michael L. Cox was named President of First Merchants Corporation in August 1998.
The next day, August 21, 1998, the Corporation announced plans to merge two Madison County banks to form a new affiliate bank.
Anderson retired in April 1999 and Michael L. Cox was named Chief Executive Officer and President of the Corporation completing an orderly and well-planned succession.
With the acquisition of Frances Slocum Bank in Wabash, Indiana in July 2001, the Corporation significantly expanded its service area within East Central Indiana.
Over 180 employees became “corporate” rather than “bank” employees in mid-2001, most from First Merchants Bank, but others, as well, from other banks within the company.
In August 2002, Roger M. Arwood was elevated from President & Chief Executive Officer of First Merchants Bank to Chief Operating Officer for the Corporation with direct responsibility for all bank and trust affiliates.
A definitive acquisition agreement was reached in August 2002 between the Corporation and Commerce National Bank Bancorp (CNBC), a rapidly growing 10-year old bank in a very attractive market within Columbus, Ohio.
In recognition of our continued growth and our ever-expanding audit and regulatory environment within the banking industry, the Corporation successfully converted six state bank charters to national charters effective January 1, 2004.
A building amidst the Heartland Business Center was acquired in mid-2005.
The merger was effective January 1, 2006.
Our Prior Lake branch opened in 2007.
Joining us in February 2008, Michael Stewart became our first Chief Banking Officer.
Ranked by its 3-year average return on average equity by American Banker, 2014
Awarded by Waukesha County Business Alliance, 2016
Anita’s daughter Mikayla began working as a student teller in 2020.
In 2022, Bill will celebrate 75 years in banking and his 100th birthday.
©2022 Farmers & Merchants Bank.
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First Market Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Union Bank & Trust | 1902 | $336.6M | 1,884 | 15 |
| First US Bank | 1952 | $43.4M | 167 | - |
| National Bank of Commerce | 1934 | $49.9M | 540 | 118 |
| Star Financial Bank Anderson Indiana | 1943 | $160.0M | 567 | 16 |
| MVB Bank | 1999 | $110.4M | 339 | 2 |
| Paducah Bank | 1948 | $37.0M | 138 | 30 |
| The Ohio Educational Credit Union | 1933 | $2.0M | 50 | - |
| SafeAmerica Credit Union | 1953 | $50.0M | 125 | - |
| Guaranty Bancorp | 1998 | $159.7M | 517 | 17 |
| Extraco Banks | 1902 | $160.0M | 535 | 21 |
First Market Bank history FAQs
Zippia gives an in-depth look into the details of First Market Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Market Bank. The employee data is based on information from people who have self-reported their past or current employments at First Market Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by First Market Bank. The data presented on this page does not represent the view of First Market Bank and its employees or that of Zippia.
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