First Merchants Corporation Secures $100 Million in Funding
PUBLIC · FRMESep 23, 2026
Amount Raised
$100 Million
Round Type
Debt Financing
MuncieFinancial ServicesFinanceLendingBanking
Investors
Piper Sandler & Co.
Description
On September 23, 2026, First Merchants Corporation entered into an underwriting agreement with Piper Sandler & Co. The agreement involves the sale of $100 million aggregate principal amount of subordinated notes due 2036. This funding will support the corporation's ongoing financial operations and expansion strategies. The notes carry a fixed-to-floating interest rate of 6.750%.
Company Information
Company
First Merchants Corporation
Location
Muncie, Indiana, United States
About
First Merchants Corporation is a financial holding company that operates First Merchants Bank. The company offers a variety of banking services and products to its customers. With a strong presence in Indiana, it is committed to serving its local communities. First Merchants has been recognized for its growth and financial performance.
Fundz sees it the moment First Merchants Corporation raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
MuncieFinancial ServicesFinanceLendingBanking