First Merchants Earns New Award: TIME Magazine’s “America’s Best Mid-Sized Company”
September 17 2024 - 4:14PM
First Merchants Bank (NASDAQ: FRME) is one of the select few
regional banks to receive the TIME Magazine "America's Best
Mid-Sized Companies” award. First Merchants is one of nine
financial services companies located in Indiana, Michigan, and
Ohio. There were 500 companies recognized with this distinction.
This new recognition underscores the bank's steady commitment to
its vision: "to enhance the financial wellness of the diverse
communities we serve" while exemplifying a "helping you prosper"
service mindset.
"This recognition from TIME fills us with immense pride," said
Mike Stewart, President at First Merchants Bank. "Our team is
passionate about providing exceptional financial services,
innovative solutions, and personalized attention to empower our
clients to reach their financial goals."
In order to develop the list of America's Best Mid-Size
Companies, TIME and research partner Statista used the following
methodology:
- All companies that
operate in the United States and generated between $100 million and
$10 billion of revenue were considered.
- Employee
satisfaction was investigated based on survey data from a large
sample of employees from these U.S. companies.
- After determining
the companies with an above-average satisfaction level, each
company's revenue growth over the past three years was
considered.
- Finally, companies
that performed above-average in employee satisfaction and revenue
growth were assessed on numerous KPIs in environmental protection,
social responsibility, and corporate governance.
The scores of all three dimensions were added with an equal
percentage basis to form the final ranking score, with 100 points
being the maximum. The 500 companies with the highest score
received the America's Best Mid-Size Companies award from TIME.
First Merchants Bank boasts a remarkable history of industry
recognition. This prestigious TIME honor adds to their impressive
collection, which includes being named a Forbes World’s Best Bank
and America's Best Banks accolades. First Merchants Bank also
recently earned recognition among the top 50 performing public
banks in the S&P Global Market Intelligence 2023 rankings.
About First Merchants Corporation
With $18 billion in assets1, First Merchants Corporation
(NASDAQ: FRME) is a registered bank holding company offering a full
line of commercial and consumer banking services and wealth
management services through First Merchants Bank and First
Merchants Private Wealth Advisors in Indiana, Illinois, Michigan,
and Ohio. With more than 130 years of enhancing the financial
wellness of the diverse communities it serves, First Merchants
makes meaningful contributions through Employee Empowerment,
Philanthropy and Charitable Giving, Financial Wellness, Community
Home and Business Lending, and Diversity, Equity, and Inclusion.
The company has been honored for its attentive and knowledgeable
service and culture by Forbes, Newsweek, American Banker,
Comparably, and S&P Global Intelligence “Best Banks” awards.
First Merchants Bank attributes this recognition to a
mission-driven team that is passionate about “helping you
prosper” through attentiveness as its genuine and unique
approach to customer service. To see how First Merchants Bank is
making a difference, go to https://www.firstmerchants.com/. Member
FDIC
1 As of July 25, 2024.
Media ContactJaime FaulknerDirector of
Corporate
Communications765-747-1336jfaulkner@firstmerchants.com