Welcome to our dedicated page for First Merchants Corporation news (Ticker: $FRME), a resource for investors and traders seeking the latest updates and insights on First Merchants Corporation stock.
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First Merchants announced the retirement of Board Chair Charles E. Schalliol and the appointment of Jean L. Wojtowicz as the new Chair. Wojtowicz succeeds Schalliol, who led ten acquisitions growing the bank from $3 billion to over $18 billion. Wojtowicz, with 20 years of board membership, will focus on long-term stability and growth, collaborating with CEO Mark Hardwick and former CEO Michael C. Rechin, who was appointed as Vice Chair.
First Merchants announced a cash dividend of $0.35 per share payable on June 21, 2024, with an ex-date of June 6, 2024. The company is a financial holding company with one full-service bank charter, First Merchants Bank, traded on NASDAQ under FRME.