• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Michiana Business News

Michiana's Leading Regional Business News Site

  • Home
  • Industries
    • Agribusiness
    • Banking
    • Entertainment
    • Health & Wellness
    • Hospitality
    • Manufacturing & Technology
    • Media
    • Real Estate & Building
    • Professional Services
    • Small Business
    • Tourism & Recreation
    • Transportation & Logistics
    • Utilities
  • Community
    • Around Michiana
    • Best of Michiana Business Awards
    • Business News
    • Diversity
    • Economic Development
    • Education
    • Energy/Environment
    • Entrepreneurship
    • Environmental Responsibility
    • Exporting
    • Gaming/Gambling
    • Government
    • Infrastructure
    • Leader & CEO Profiles
    • Leadership
    • Made in Michiana
    • Making a Difference
    • Philanthropy
    • Place making
    • Workforce
  • Lifestyle
    • Arts & Entertainment
  • About
    • Privacy
    • Terms
    • Contact us
  • Register
  • Login
You are here: Home / Community / Business News / First Merchants Corp. closes merger with Michigan-based Level One Bancorp

First Merchants Corp. closes merger with Michigan-based Level One Bancorp

April 13, 2022 – By Larry Avila

Mark Hardwick
Mark Hardwick

Muncie-based First Merchants Corp. has closed its merger deal with Michigan-based Level One Bancorp.

The combination received regulatory approval in March. Level One Bank will merge into First Merchants Bank.

Level One, which was founded in 2007, operated 17 locations in Michigan. The bank had total assets of of $2.52 billion, total loans of $1.65 billion, and total deposits of $2.04 billion as of Dec. 31.

Patrick Fehring
Patrick Fehring

“Like First Merchants, Level One achieved a solid reputation for a deep-rooted commitment to community banking, and we are excited they have chosen to become the newest member of the First Merchants family,” said First Merchants CEO, Mark Hardwick. “The LEVL franchise helps us to contiguously extend our presence in Michigan, leveraging the vision of First Merchants to enhance the financial wellness of the diverse communities we serve.”

The deal was first announced in November.

Patrick Fehring, CEO of Level One, said the merger will provide additional benefits to the bank’s customers and shareholders.

“First Merchants is the perfect partner to continue our legacy of service excellence,” he said.

First Merchants will have assets of about $18 billion and will remain maintain its Indiana headquarters. The combined company will do business as First Merchants Bank and should complete system integration by the fall.

With the addition of the Level One locations, First Merchants will have 126 banking offices across Indiana, Michigan, Ohio and Illinois. First Merchants has 18 locations in Northwest Indiana and Northeast Illinois, including a commercial lending center in South Bend.

Author

  • Larry Avila Larry Avila

    Larry is an award-winning journalist with more than 25 years of experience working with daily newspapers and business-to-business publications around the Midwest. Avila is a Michigan native and a graduate of Central Michigan University.

    Follow Larry Avila on:

Filed Under: Business News, Banking Tagged With: Around Michiana, First Merchants Bank, First Merchants Corp., Level One Bancorp

Primary Sidebar

Post Author

Larry Avila Larry Avila

Footer

  • Home
  • Register
  • Advertising
  • Privacy
  • Terms
  • Contact us
  • About

Copyright © 2023 · Linker Media Group, Inc · All rights reserved