First Merchants Bank is a financial holding company headquartered in Muncie, Indiana, serving customers across Indiana, Ohio, Illinois, and Michigan. The bank provides comprehensive personal and business banking services, including commercial banking, mortgage lending, treasury management, and wealth management services. As of 2023, First Merchants Corporation manages approximately $18.2 billion in total assets.
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7(a) Acquisition Loan Data As Of June 30, 2026
Last 12 Months
Last 3 Years
YoY Growth
expanding
As Of June 30, 2026
Median
$1.0M
Average
$1.5M
Sweet Spot
$1M-$2M
Industries with highest loan volume
Full-Service Restaurants
5
loans
$1.2M
avg. amount
Full-Service Restaurants
5
loans
$1.2M
avg
Machine Shops
3
loans
$1.2M
avg. amount
Machine Shops
3
loans
$1.2M
avg
All Other Professional, Scientific, and Technical Services
2
loans
$2.0M
avg. amount
All Other Professional, Scientific, and Technical Services
2
loans
$2.0M
avg
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
2
loans
$719K
avg. amount
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
2
loans
$719K
avg
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$1.8M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
2
loans
$1.8M
avg
Commercial Screen Printing
2
loans
$2.5M
avg. amount
Commercial Screen Printing
2
loans
$2.5M
avg
Limited-Service Restaurants
2
loans
$1.7M
avg. amount
Limited-Service Restaurants
2
loans
$1.7M
avg
All Other Specialty Food Retailers
2
loans
$1.1M
avg. amount
All Other Specialty Food Retailers
2
loans
$1.1M
avg
Stationery and Office Supplies Merchant Wholesalers
1
loans
$201K
avg. amount
Stationery and Office Supplies Merchant Wholesalers
1
loans
$201K
avg
Amusement Arcades
1
loans
$450K
avg. amount
Amusement Arcades
1
loans
$450K
avg
10-Year
3.2%
Percentile Ranking
92th
92th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.38% |
| $500K-$1M | Prime + 2.64% |
| $1M-$2M | Prime + 2.50% |
| $2M-$3M | Prime + 2.14% |
| $3M-$4M | Prime + 2.25% |
| $4M-$5M | Prime + 2.58% |
As Of June 30, 2026 - States by loan volume (darker blue = higher volume)
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