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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.

Related People

1 contact
Verified contactsMark H., Chief Executive Officer hidden hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for First Merchants Corporation's next move

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First Merchants Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.