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First Merchants Bank commits $2.02B in new community benefits plan to boost financial access in the Midwest

Company Fundamentals
25 Jun 2026
GlobeNewsWire
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Bullish
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First Merchants Bank and the National Community Reinvestment Coalition (NCRC) announced a $2.02 billion Community Benefits Agreement for 2026-2030 to enhance financial wellness in Indiana, Michigan, and Ohio. The plan includes $650 million for mortgages to low- and moderate-income borrowers, $464 million for small business lending, $700 million for community development loans, $200 million in investments, and $6 million in philanthropy. Developed with community input, this agreement aims to expand homeownership, support small businesses, and drive economic growth in underserved areas. It builds on previous commitments and reflects First Merchants' ongoing dedication to community reinvestment and financial inclusion.

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