First Merchants Overview

Bank Holding
Founded In
Organization Type
First Merchants Corporation is the largest financial services holding company located in Central Indiana. They provide their customers with broad financial services delivered locally by bankers who are known and trusted in their communities. They offer personal banking, business banking, mortgage lending, cash management services, wealth management and insurance.
The staff at First Merchants come from unusually diverse demographic backgrounds. The company is 56.3% female and 37.1% ethnic minorities. Despite its diversity in other areas, First Merchants employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 69.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. First Merchants has great employee retention with staff members usually staying with the company for 5.5 years. The average employee at First Merchants makes $43,114 per year. Pay at First Merchants is significantly lower than some of its highest paying competitors, like Stifel Financial, Elavon, and Ipayment, Inc., which pay $78,156, $72,648, and $65,996, respectively.
Based in Indiana, First Merchants is a key player in the finance industry with 1,918 employees and an annual revenue of $556.0M.

The Organization’s Mission

Solutions and personal service in pursuit of a secure financial future for our clients.

Perks of Working at First Merchants

First Merchants is being loved by its employees for its amazing management and culture.

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Job Openings
166 Positions
Average Salary
$43,114 yearly

The Team At First Merchants

Key People

Mark K. Hardwick

The Inside Scoop

First Merchants Rankings

First Merchants is ranked #4 on the Best Finance Companies to Work For in Indiana list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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First Merchants Salaries

Salary Score
The national average salary for a First Merchants employee in the United States is $43,114 per year. Employees in the top 10 percent can make over $74,000 per year, while employees at the bottom 10 percent earn less than $24,000 per year.
Average First Merchants Salary
$20.73 hourly
Updated March 16, 2023
Average Employee Earnings

Highest Paying Jobs At First Merchants

First Merchants Diversity

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

First Merchants Gender Distribution


Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for First Merchants. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • First Merchants has 1,918 employees.

  • 56% of First Merchants employees are women, while 44% are men.

  • The most common ethnicity at First Merchants is White (63%).

  • 14% of First Merchants employees are Black or African American.

  • 13% of First Merchants employees are Hispanic or Latino.

  • The average employee at First Merchants makes $43,114 per year.

  • First Merchants employees are most likely to be members of the republican party.

  • On average, employees at First Merchants stay with the company for 5.5 years.

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First Merchants Employee Political Affiliation

First Merchants employees are most likely to be members of the Republican Party. The largest donation made to a political party by a First Merchants employee was by Michael Rechin. Michael Rechin donated $5,250 to the Republican Party.

First Merchants


Republican Party

69.2 %

Democratic Party

26.9 %

Libertarian Party

3.8 %
Employee Political Donations
NameJob TitlePartyDonation
Michael RechinExecutiveRepublican Party$5,250
Charles CrowBankerRepublican Party$4,000
Fred BassoBrokerRepublican Party$3,260
Mark HardwickChief Finance OfficerRepublican Party$1,350
Charles SchalliolChairpersonRepublican Party$1,000
David BenjaminBankerRepublican Party$910
Stuart SimmsAccount ExecutiveLibertarian Party$779
Frank GoodenReal Estate ClerkDemocratic Party$500
Wilson CarrawayBankerRepublican Party$500
Charles McCurdyExecutiveRepublican Party$500
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First Merchants Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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Highest Paying First Merchants Competitors

Competitors of First Merchants include Stifel Financial, Elavon, and Ipayment, Inc. The wages at Stifel Financial average higher than the other similar companies, where the median salary is $78,156 per year. Employees at Elavon earn an average of $72,648 per year, and the employees at Ipayment, Inc. earn an average salary of $65,996 per year.

Frequently Asked Questions about First Merchants

When was First Merchants founded?

First Merchants was founded in 1893.

How many Employees does First Merchants have?

First Merchants has 1,918 employees.

How much money does First Merchants make?

First Merchants generates $556.0M in revenue.

What industry is First Merchants in?

First Merchants is in the bank holding industry.

What is First Merchants's mission?

First Merchants's mission statement is "Solutions and personal service in pursuit of a secure financial future for our clients."

What type of company is First Merchants?

First Merchants is a public company.

Who are First Merchants's competitors?

First Merchants competitors include Huntington National Bank, Fifth Third Bank, FNB, First Midwest Bank, First Horizon Bank, Old National Bank, Stifel Financial, 1st Source Bank, First Citizens Bank, Commerce Bank, Associated Bank, IBC Bank, Nova Information Systems, Elavon, TransFirst, First Us Mortgage, NextGear Capital, Ipayment, Inc., Sterling Card Systems, Salem Five.

Who works at First Merchants?

Mark K. Hardwick (CEO)

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Zippia gives an in-depth look into the details of First Merchants, including salaries, political affiliations, employee data, and more, in order to inform job seekers about First Merchants. The employee data is based on information from people who have self-reported their past or current employments at First Merchants. 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 Merchants. The data presented on this page does not represent the view of First Merchants and its employees or that of Zippia.

First Merchants may also be known as or be related to FIRST MERCHANTS CORP, FMB, First Merchants and First Merchants Corporation.