Inside Indiana Business, June 19, 2020: First Merchants Makes $1.4B Community Investment
Muncie-based First Merchants Corp. (Nasdaq: FRME) is planning to invest more than $1 billion to support low- and moderate-income neighborhoods. Along with the National Community Reinvestment Coalition, the bank says the Community Benefits Agreement will help communities in Indiana, Ohio, Illinois and Michigan.
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The bank says the five-year commitment includes mortgage, small business and community development investments and lending.
