NasdaqGS:FRMEBanks
First Merchants Expansion Tests Growth Story After First Savings Deal
First Merchants Corporation (NasdaqGS:FRME) has completed its acquisition of First Savings Financial Group, expanding its presence in southern Indiana and increasing its asset base.
Following the merger, Larry W. Myers joined the Board of Directors and sold a significant number of shares.
The company has also introduced a new performance linked incentive plan for senior management tied to profitability and post merger growth.
First Merchants, trading at $39.11, is coming off a mixed share...