FirstMerit Corp. (extinct)

FirstMerit Corp. (extinct)

FirstMerit Corp. (extinct)

Overview
Date Founded

1981

Headquarters

III Cascade Plaza, 7th Floor, Akron, OH, 44308, USA

Type of Company

Private

Employees (Worldwide)

4,112

Industries

Retail & Commercial Banking
Holding Companies
Consumer Finance

Company Description

FirstMerit Corp. operates as a bank holding company for FirstMerit Bank, NA. The company provides a wide range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout Ohio, Chicago, Illinois and Western Pennsylvania. It operates through four business lines: Commercial, Retail, Wealth & Other. The Commercial line of business provides a full range of lending, depository, and related financial services to middle-market corporate, industrial, financial, business banking, public entities, and leasing clients. It also includes personal business from commercial loan clients in coordination with the Wealth Management segment. Its products include commercial term loans, revolving credit arrangements, asset-based lending, leasing, commercial mortgages, real estate construction lending, letters of credit, cash management services and other depository products. The Retail line of business includes consumer lending and deposit gathering, residential mortgage loan origination and servicing, and branch-based small business banking. Retail offers a variety of retail financial products and services including consumer direct and indirect installment loans, debit and credit cards, debit gift cards, residential mortgage loans, home equity loans and lines of credit, deposit products, fixed and variable annuities and ATM network services also offers other deposit products includes checking, savings, money market accounts and certificates of deposit. The wealth line of business offers an array of asset management, private banking, financial planning, estate settlement and administration, credit and deposit products and services. Its trust and investment services include personal trust and planning, investment management, estate settlement and administration services. The Retirement plan services focus on investment management and fiduciary activities. The Brokerage and insurance delivers retail mutual funds, other securities, variable and fixed annuities, personal disability and life insurance products and brokerage services. The Private banking provides credit, deposit and asset management solutions for affluent clients. The Other line of business includes activities that are not directly attributable to one of the three principal lines of business which includes other category the parent company, eliminations companies, community development operations, the treasury group, which includes the securities portfolio, wholesale funding and asset liability management activities, and the economic impact of certain assets, capital and support function not specifically identifiable with the three primary lines of business. The company was founded in 1981 and is headquartered in Akron, OH.

Contact Data
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Executives & Employees

Chief Marketing Officer & Executive Vice President

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Recent Transactions
Details Hidden

First Commonwealth Financial Corp. - Pennsylvania, First Commonwealth Bank (Indiana, Pennsylvania) purchase FirstMerit Bank NA /13 Branches from FirstMerit Corp.

Details Hidden

Huntington Bancshares, Inc. purchases FirstMerit Corp.

Details Hidden

FirstMerit Corp. purchases Citizens Republic Bancorp, Inc.

Transaction Advisors
Accountant

Advised onFirstMerit Corp. purchases Signal Corp. (Virginia)

Accountant

Advised onFirstMerit Corp. purchases Summit Bancorp (Ohio)

Investment Advisor

Advised onHuntington Bancshares, Inc. purchases FirstMerit Corp.

Legal Advisor

Advised onHuntington Bancshares, Inc. purchases FirstMerit Corp.

Legal Advisor

Advised onHuntington Bancshares, Inc. purchases FirstMerit Corp.

Legal Advisor

Advised onHuntington Bancshares, Inc. purchases FirstMerit Corp.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Advisor

Principal, Investment Banking at Sandler O'Neill & Partners LP

Key Stats and Financials As of
Market Capitalization
$3.53B
Total Enterprise Value
Earnings Per Share
Non-Profit Donations & Grants
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