First Merchants Bank, Detroit Downtown Branch

Name:First Merchants Bank, Detroit Downtown Branch
Full Service Brick and Mortar Office
Review: 2.5star7 client reviews
Location:1420 Washington Blvd., Suite 110
Detroit, MI 48226

Wayne County
View Other Branches
 
FDIC Cert:#4365
Established:01/04/2016


The Bank

Name:First Merchants Bank
Concentration:Commercial Lending Specialization
Established:03/13/1893
FDIC Insurance:01/01/1934
Holden By:FIRST MERCHANTS CORP
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
# of Branches:126, view all, view on map
Website:http://www.firstmerchants.com
Total Assets:$17,705,470,000
Total Deposits:$14,489,750,000
Total Equity Capital:$1,995,125,000
Total Domestic Office Deposits:$14,489,750,000
Net Income:$159,984,000
Quarterly Net Income:$67,443,000
Return on Assets:1%
Quarterly Return on Assets:2%
Return on Equity:11%
Quarterly Return on Equity:13%
 More...


Client Review

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

Do not trust them
 1star Overall Rating
 1star Interest Rate and Cost
 2star Office Environment & Staff
 2star Waiting Time
 1star 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
Was this review helpful to you? Yes, No   Report Abuse

0 comment. Add a comment

unreasonable blocks or holds on local bank check
 1star Overall Rating
 1star Interest Rate and Cost
 3star Office Environment & Staff
 1star Waiting Time
 3star Other Services
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
2 of 3 people found this review helpful. Was this review helpful to you? Yes, No   Report Abuse

0 comment. Add a comment

Great Place to Bank
 5star Overall Rating
 5star Interest Rate and Cost
 5star Office Environment & Staff
 5star Waiting Time
 5star Other Services
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
1 of 1 people found this review helpful. Was this review helpful to you? Yes, No   Report Abuse

0 comment. Add a comment

All Reviews...

Banks Nearby

The Huntington National Bank, Detroit Tower Branch (0.2 miles)
Full Service Brick and Mortar Office
2025 Woodward Ave
Detroit, MI 48226
Citizens Bank, CAMPUS MARTIUS (0.2 miles)
Full Service Brick and Mortar Office
777 Woodward Avenue
Detroit, MI 48226
The Huntington National Bank, ONE CAMPUS MARTIUS BRANCH (0.3 miles)
Full Service Brick and Mortar Office
91 Monroe Street
Detroit, MI 48226
Comerica Bank, PENOBSCOT BUILDING BRANCH (0.3 miles)
Full Service Brick and Mortar Office
645 Griswold Street
Detroit, MI 48226
JPMorgan Chase Bank, DETROIT MAIN BRANCH (0.3 miles)
Full Service Brick and Mortar Office
611 Woodward Avenue
Detroit, MI 48226

More