ESGJun 25, 2026, 02:31 PM

First Merchants Bank Announces $2.02B Community Benefits Agreement

AI Summary

First Merchants Bank and the National Community Reinvestment Coalition (NCRC) announced a new $2.02 billion Community Benefits Agreement (CBA). This five-year agreement, effective from January 1, 2026, to December 31, 2030, reinforces the bank's commitment to financial wellness across its footprint in Indiana, Michigan, and Ohio. The CBA includes significant allocations for mortgage lending, small business lending, community development, and philanthropy, aiming to expand access to financial prosperity and support underserved communities.

Key Highlights

New five-year Community Benefits Agreement (CBA) totaling $2.02 billion.
Agreement runs from January 1, 2026, through December 31, 2030.
$650 million allocated for mortgage lending to LMI borrowers and communities.
$464 million for small business lending in LMI and rural communities.
$700 million dedicated to community development lending.
$200 million for community development investments.
$6 million committed to philanthropy.

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FRME

Major Banks

FIRST MERCHANTS CORP

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