First Merchants Bank, Harvey Branch

Name:First Merchants Bank, Harvey Branch
Full Service Brick and Mortar Office
Review:7 client reviews
Location:135 E 154th St
Harvey, IL 60426

Cook County
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FDIC Cert:#4365

The Bank

Name:First Merchants Bank
Concentration:Commercial Lending Specialization
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:138, view all, view on map
Total Assets:$12,305,199,000
Total Deposits:$9,882,399,000
Total Equity Capital:$1,764,062,000
Total Domestic Office Deposits:$9,882,399,000
Net Income:$125,157,000
Quarterly Net Income:$40,307,000
Return on Assets:2%
Quarterly Return on Assets:1%
Return on Equity:11%
Quarterly Return on Equity:10%

Client Review

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

unreasonable blocks or holds on local bank check
Overall Rating
Interest Rate and Cost
Office Environment & Staff
Waiting Time
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
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