First Merchants Bank Named One of Forbes 2023 World’s Best Banks

First Merchants headquarters in downtown Muncie. Photo by Mike RhodesFirst Merchants headquarters in downtown Muncie. Photo by Mike Rhodes

By First Merchants—

MUNCIE, IN – First Merchants Bank has been recognized as one of the World’s Best Banks for 2023. First Merchants Bank ranked 31 out of 75 banks headquartered in the United States receiving this distinction and is the only Indiana headquartered bank to be recognized.

According to Forbes, they use a methodology where Statista surveys bank customers for their opinions on their current and former banking relationships across 32 countries. The ratings comprise general satisfaction and if they would recommend the bank. They also measure key areas around trust, terms and conditions, digital services, customer service, and financial advice.

“It is an honor for First Merchants Bank to be recognized as one of the World’s Best Banks by Forbes,” First Merchants CEO, Mark Hardwick shared. “This recognition reinforces trust in First Merchants Bank throughout our four-state operating footprint. Our vision is to enhance the financial wellness of the diverse communities we serve, and we are committed to meeting those needs with a ‘helping you prosper’ mindset.”

“Recognitions like this give us an opportunity to pause and acknowledge the incredible work of our dynamic and diverse First Merchants team,” said Mike Stewart, President of First Merchants Bank. “They share a passion for positively impacting lives, creating an environment of inclusion, and attentively meeting our customer and community needs.”

First Merchants Bank received other recognitions in the past from Forbes including Best-In- State Banks in Indiana in 2022 and America’s Best Banks everyyear since 2018. This year’s recognition as a Forbes World’s Best Bank is a first-time award for First Merchants Bank.


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, AmericanBanker, 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 itsgenuine and unique approach to customer service. To see how First Merchants Bank is making a difference, go to