First Merchants Bank, Alexandria Branch

Name:First Merchants Bank, Alexandria Branch
Full Service Brick and Mortar Office
Review:7 client reviews
Location:1202 North Park Avenue
Alexandria, IN 46001

Madison County
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Phone:765-724-2800
FDIC Cert:#4365
Established:1997-10-14


The Bank

Name:First Merchants Bank
Concentration:Commercial Lending Specialization
Established:1893-03-13
FDIC Insurance:1934-01-01
Holden By:First Merchants Corporation
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:121, view all, view on map
Website:http://www.firstmerchants.com
Total Assets:$10,719,271,000
Total Deposits:$8,439,858,000
Total Equity Capital:$1,513,662,000
Total Domestic Office Deposits:$8,439,858,000
Net Income:$84,850,000
Quarterly Net Income:$43,711,000
Return on Assets:2%
Quarterly Return on Assets:2%
Return on Equity:11%
Quarterly Return on Equity:12%
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Client Review

7 client reviews of First Merchants Bank scored 2.5 out of 5.

Do not trust them
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
Other Services
by Firstmerchantssucks2, Nov. 19, 2019

Terrible organization,I was never notified by Merchant's of my maintenance fee. Go negative $10.56 in the bank. Still no notification even though I have the app. Then I've been hot with overdraft fees ever since until I checked my account to see how mu account was just expecting a dollar or so. No, I find myself -$48.56 then I just keep getting hit even though I tried to talk them to stop. They won't, they don't care.

* this reviewer has be with this bank for <6 months
* this reviewer had 1 - 2 banks before.
* this review was made on First Merchants Bank, Middletown at Middletown, IN
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unreasonable blocks or holds on local bank check
Overall Rating
Interest Rate and Cost
Office Environment & Staff
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by MeNotYou, Aug. 18, 2016

After making a deposit to my First Merchants account from my personal checking account from another nearby bank - First Merchants Bank placed a 2 week hold on the amount because they claimed that the funds could not be verified; however, they offered me $200 the next day as a courtesy and there after would provide me my money in increments but the total amount would not be available for 2 weeks. I contacted my other bank and they informed me that my check had cleared the next day and that First Merchants bank had my money and would not release it. I contacted the Corporate Customer Services office and they told me that the hold was the Banks discretion to keep my money and pay me a little each day until the 2 week hold was over. My question to them was, since I only deposited one check in my account why are they dishing out my money in small increments - either my check cleared or it didn't clear. If the money from my other bank could not be verified then why are they giving me money that can not be verified?

* this reviewer has be with this bank for 1 - 3 years
* this reviewer had 3 - 5 banks before.
* this review was made on First Merchants Bank, Harvey Branch at Harvey, IL
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Great Place to Bank
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
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by Indiegirl0591, Feb. 05, 2016

I've had a checking account and savings account with this place for about 5-6 years. Never had a problem. Great friendly staff. Always know me when I come in. They helped me establish credit and buy my first car! They gave me advice on looking for a car and getting a good deal and helped me manage good credit too. Will be a long time customer with this bank.

* this reviewer has be with this bank for 3 - 10 years
* this reviewer had 1 - 2 banks before.
* this review was made on First Merchants Bank, Avon at Avon, IN
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All Reviews...

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