Northwest Indiana Business Magazine

Northwest Indiana’s Leading Regional Business Magazine Since 1991

  • Home
  • Industries
    • Banking
    • Education
    • Health & Wellness
    • Manufacturing & Technology
    • Professional Services
    • Real Estate & Building
    • Small Business & Entrepreneurship
    • Tourism & Recreation
    • Transportation & Logistics
  • Community
    • Around the Region
    • Business News Bits
    • Economic Development
    • Events
    • Leadership
    • Making a Difference
  • Lifestyle
    • Arts & Entertainment
    • Sports
  • Opinion
    • Viewpoint
    • Publisher’s Note
  • Jobs
  • Webinars
  • Magazine
    • Current Issue
    • Past Issues Archive
    • Advertise With Us
    • Business News eNewsletter
    • Subscriptions and Renewals
    • Contributing Writers
    • Editorial and Business Advisory Board
    • Magazine Team
  • About
    • Contact
    • Advertise With Us
    • Subscriptions and Renewals
    • Our History
    • Privacy
    • Terms
  • Log In
You are here: Home / Community / Business News Bits / First Merchants Corp. closes merger with Michigan-based Level One Bancorp

First Merchants Corp. closes merger with Michigan-based Level One Bancorp

April 4, 2022 – By Larry Avila Leave a Comment

Mark Hardwick
Mark Hardwick

Muncie-based First Merchants Corp. has closed its merger deal with Michigan-based Level One Bancorp.

The combination received regulatory approval in March. Level One Bank will merge into First Merchants Bank.

Level One, which was founded in 2007, operated 17 locations in Michigan. The bank had total assets of of $2.52 billion, total loans of $1.65 billion, and total deposits of $2.04 billion as of Dec. 31.

Patrick Fehring
Patrick Fehring

“Like First Merchants, Level One achieved a solid reputation for a deep-rooted commitment to community banking, and we are excited they have chosen to become the newest member of the First Merchants family,” said First Merchants CEO, Mark Hardwick. “The LEVL franchise helps us to contiguously extend our presence in Michigan, leveraging the vision of First Merchants to enhance the financial wellness of the diverse communities we serve.”

The deal was first announced in November.

Patrick Fehring, CEO of Level One, said the merger will provide additional benefits to the bank’s customers and shareholders.

“First Merchants is the perfect partner to continue our legacy of service excellence,” he said.

First Merchants will have assets of about $18 billion and will remain maintain its Indiana headquarters. The combined company will do business as First Merchants Bank and should complete system integration by the fall.

With the addition of the Level One locations, First Merchants will have 126 banking offices across Indiana, Michigan, Ohio and Illinois. First Merchants has 18 locations in Northwest Indiana and Northeast Illinois, including a commercial lending center in South Bend.

  • Author
  • Recent Posts
Larry Avila
Follow me
Larry Avila
Larry is an award-winning journalist with more than 25 years of experience working with daily newspapers and business-to-business publications around the Midwest. Avila is a Michigan native and a graduate of Central Michigan University.
Larry Avila
Follow me
Latest posts by Larry Avila (see all)
  • Former Level One Bank CEO joins First Merchants board - May 27, 2022
  • LaPorte County officials see opportunity in departure of mattress maker - May 27, 2022
  • Franciscan Health partners with Lurie Children’s Hospital of Chicago to enhance neonatal care - May 26, 2022

Filed Under: Banking, Business News Bits, Merger Tagged With: Around the Region, First Merchants Bank, First Merchants Corp., Level One Bancorp

Leave a Reply Cancel reply

You must be logged in to post a comment.

Print Issue

April-May 2022

April-May 2022 issue

Magazine Articles

In this issue

Around the Region

2022 Best of Business

For the good of everyone

New venues take spotlight

LEED-ing the way to future

Green new future

Record-breaking housing boom

Catalyst for tasty change

Forging path into Indiana

True to its active mission

Viewpoint: Indiana’s future a sure bet

Categories

Archives

  • Home
  • Current Issue
  • Business News Bits
  • Archive
  • Advertise With Us
  • Subscriptions and Renewals
  • Privacy
  • Terms
  • Contact

© Copyright 1991-2022 Linker Media Group, Inc · All Rights Reserved

Posting....