The AI industry is changing almost daily as models advance and new applications are created, more computing power is brought online, and engineers push AI’s capabilities further. Currently, most of the market focus is on the infrastructure build-out required to train the new generation of AI models called large language models (LLMs). In time, the focus will shift more towards the end applications being built with LLMs and which companies are most effectively employing those applications in their operations to drive cost saving efficiencies or new revenue opportunities. Despite an ever-changing landscape, there are still several key economic implications that we believe will persist throughout several market sectors as the AI industry develops. Continue reading: https://direc.to/kD95 #privatewealth #privatewealthmanagement #marketupdates #financialmarkets #economynews #bonds #stocks #markets #investingnews #equities #AI #artificialintelligence #GenerativeAI
First Merchants Corporation
Financial Services
Muncie, IN 9,450 followers
Helping you prosper. Rated One of the Best Places to Work, Top 5 Best Banks in America(Forbes), Best Big Bank(Newsweek).
About us
First Merchants Corporation is the largest financial services holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank). First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. First Merchants offers customers broad financial services throughout locations in Indiana, Ohio, Illinois and Michigan providing: • Commercial Banking (business) – checking, treasury management, card services, financing, loans, electronic banking, online and mobile banking. • Personal Banking (consumer) – checking, savings, CDs, mortgages, loans, IRAs, HSAs, online and mobile banking. • Private Wealth Advisors - trusts, investments, 401(k) plans, 403(b) plans, profit sharing plans, pension plans, cross-tested plans, cash balance plans, Flexible Spending Accounts, IRAs, SEP IRAs, and succession planning. First Merchants is committed to customers by: • Developing strong relationships. o As financial advisors – our professionals listen and provide solutions o The tenure of our professionals averages eight years, meaning you will enjoy continuity of service o We hire local professionals from the communities we serve • Customers benefit from local decision making. o Decisions are made faster o The process is streamlined, with each customer having a single point of contact. o Our financial professionals are empowered to develop tailored solutions. • The local communities we serve benefit from First Merchants’ involvement and support. Member FDIC, Equal Housing Lender. Investment Management solutions provided by First Merchants Private Wealth Advisors may not be FDIC insured, are not deposits of First Merchants Bank and may lose value. First Merchants and the shield logo are registered service marks of First Merchants Corporation.
- Website
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https://www.firstmerchants.com
External link for First Merchants Corporation
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Muncie, IN
- Type
- Public Company
- Founded
- 1893
- Specialties
- Commercial Banking, Retail Banking, Trust, and Insurance
Locations
Employees at First Merchants Corporation
Updates
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U.S. equities pushed higher during last week’s holiday shortened trading as cooling economic data, including a more tepid June jobs report, increased the odds of a September rate cut from the Federal Reserve. For the week, the S&P 500 and Nasdaq Composite marked new record highs following gains of 1.95% and 3.50%, respectively, while the Dow Jones edged 0.6% higher. Large cap tech stocks continued to be the major driver of the stock market rally, which has driven a historic dispersion in returns between U.S. large cap stocks and small cap stocks. In fact, the small cap Russell 2000 index fell -1.0% last week and is now just about flat on the year compared to the S&P 500’s 17.6% year-to-date total return. An equal-weighted version of the S&P 500, which has lower weightings to mega-cap tech stocks than the traditional market-cap weighted S&P 500, is up less than 5% so far this year. Continue reading our Private Wealth Advisors Weekly Investment Perspectives newsletter for July 9, 2024. https://direc.to/kD5D #privatewealth #privatewealthmanagement #marketupdates #financialmarkets #economynews #bonds #stocks #markets #investingnews #equities
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When your banking gets complicated, you need someone who can thread the needle. Michelle Clark, Senior Client Relationship Representative at the North Maple banking center in Ann Arbor, recently helped one such client with a Home Equity Line of Credit and a Business Line of Credit. “They had a lot of moving pieces in the mix, in regard to income,” Michelle shared. Michelle kept track of each moving part and made sure the client was kept updated every step of the way. “It was a lot of back and forth, but I knew they’d want to know what was going on, and to not have radio silence from their bank during a major finance event like this, so I tried to keep those lines of communication open,” she explained. In fact, it’s an approach Michelle takes will all of her clients. “I want them to know they have someone they can depend on, who will help them understand what’s happening with their finances,” she explained. “Banking can be complicated, and it can be scary, but it doesn’t have to be anxiety inducing – if you have someone watching your back who can explain the process to you, I think that’s a great opportunity we have as bankers to help ease those worries for our customers.” Michelle’s approach to attentive customer service hasn’t gone unnoticed – she was recently recognized internally because of her compassion, care, and dedication to teamwork.
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U.S. equity markets logged tepid returns last week amid moderating inflation readings and minimal change to the unemployment figures but closed out the first half of the year with robust gains as the S&P 500 returned 15.3%. Additionally, while inflation and corporate earnings data remain at the focal point for investors, the first of two scheduled Presidential debates last Thursday, garnered much talk on both sides of the aisle. For the week, the S&P 500 was down -0.06%. The Dow Jones Industrial Average (DJIA) ended last week also down slightly at -0.08%. Small companies gained ground with the S&P 600 Small-cap Index up 1.21%. Continue reading our Private Wealth Advisors Weekly Investment Perspectives newsletter for July 2, 2024. https://lnkd.in/gpw3t3rS #privatewealth #privatewealthmanagement #marketupdates #financialmarkets #economynews #bonds #stocks #markets #investingnews #equities
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Are you a Latino business owner or entrepreneur looking to grow your business? Join First Merchants Bank on July 17 at the East Chicago Public Library for a special bilingual Lunch and Learn event, where we’ll discuss how you can help your business prosper and detail tips on navigating business lending. We hope to see you there! RSVP: Shari Aguilera, 219.228.2272, saguilera@firstmerchants.com Julián Broggio, MBA Shari Aguilera Alfonso Perez Sotomayor Hussain Bhanpuri #finance #latinobusiness #smallbusiness #latinoowned #lending
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July is National Make a Difference to a Child Month! This month, we encourage you to reflect on how you can positively impact the life of a child – whether that’s serving as a mentor, volunteering at your local school, or supporting great organizations that improve the lives of children. #MakeADifferenceToAChildMonth #finance #futurethinking #growingcommunity #positiveimpact #communityimpact
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We’re pleased to announce our Sponsor Finance Group recently extended a Senior Credit Facility for LFM Capital to support their acquisition of SisTech Manufacturing. SisTech is a manufacturer of Printed Circuit Board Assemblies (“PCBAs”) for defense, aerospace, industrial, and consumer applications. Since 2015, First Merchants Sponsor Finance has closed more than 225 transactions with over $1.75 billion in commitments. It’s a legacy we’re proud to continue. To learn more about our Sponsor Finance Group and how we can help you, visit https://lnkd.in/gEa7Mswz #sponsorfinance #commercialbanking #commercial Cameron Gerst Julián Broggio, MBA
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Are you a Latino business owner or entrepreneur looking to grow your business? Join First Merchants Bank on July 17 at the East Chicago Public Library for a special bilingual Lunch and Learn event, where we’ll discuss how you can help your business prosper and detail tips on navigating business lending. We hope to see you there! RSVP: Shari Aguilera, 219.228.2272, saguilera@firstmerchants.com Julián Broggio, MBA Shari Aguilera Alfonso Perez Sotomayor Hussain Bhanpuri #finance #latinobusiness #smallbusiness #latinoowned #lending
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We're excited to announce that we recently broke ground on our newest branch, at 7525 West McNichols Road, in the Fitzgerald neighborhood of Detroit, Michigan. This new branch will provide convenient access to essential banking services for residents and businesses. We're committed to building strong relationships and supporting the financial goals of the Detroit community. Watch the recap video to see all the highlights from the groundbreaking ceremony, including special remarks from Mayor Mike Duggan and other community leaders! #FirstMerchantsBank #Fitzgerald #Detroit #CommunityBanking #HelpingYouProsper