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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Jul. 22, 11:25 AM

Slide #2. First Merchants Corporation Community Bancshares, Inc.

Acquirer: First Merchants Corporation (NASDAQ:FRME)
Acquiree: Community Bancshares, Inc.
Details: First Merchants Corporation (NASDAQ:FRME) and Community Bancshares, Inc. today announced they have executed a definitive agreement whereby Community Bancshares will merge with and into First Merchants, and its wholly-owned bank subsidiary, Community Bank, will merge with and into First Merchants Bank, N.A.

First Merchants is a financial holding company. Through its wholly owned subsidiary, First Merchants Bank, National Association (the Bank), Co. provides a range of financial services, including accepting time deposits, savings and demand deposits; making consumer, commercial, agri-business and real estate mortgage loans; renting safe deposit facilities; providing personal and corporate trust services; providing brokerage; and providing other corporate services, letters of credit and repurchase agreements. As of Dec 31 2012, the Bank included 76 banking locations in 24 Indiana and two Ohio counties. As of Dec 31 2012, Co. had total assets of $4.30 billion and total deposits of $3.35 billion.

Open the FRME Page at The Online Investor »

Company Name:  First Merchants Corp.
Sector:  Banking & Savings
Number of ETFs Holding FRME:  21
Total Market Value Held by ETFs:  $19.19M
Total Market Capitalization:  $736.00M
% of Market Cap. Held by ETFs:  2.61%

Open the FRME Page at The Online Investor (in a new window) »

July 22, 2014    11:25 AM Eastern
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Buy (3.33 out of 4)
63rd percentile
(ranked higher than approx. 63% of all stocks covered)
Based on Zacks ABR data;
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