The estimated Net Worth of Michael C Rechin is at least $6.41 Millón dollars as of 19 December 2023. Mr. Rechin owns over 10,000 units of First Merchants stock worth over $3,058,230 and over the last 19 years he sold FRME stock worth over $1,644,725. In addition, he makes $1,702,540 as President, Chief Executive Officer y Director at First Merchants.
Michael has made over 13 trades of the First Merchants stock since 2007, according to the Form 4 filled with the SEC. Most recently he sold 10,000 units of FRME stock worth $370,500 on 19 December 2023.
The largest trade he's ever made was exercising 25,300 units of First Merchants stock on 29 November 2016 worth over $467,038. On average, Michael trades about 2,170 units every 95 days since 2005. As of 19 December 2023 he still owns at least 85,833 units of First Merchants stock.
You can see the complete history of Mr. Rechin stock trades at the bottom of the page.
Michael C. Rechin has been appointed as Director of the Company effective 12/31/2020. Mr. Rechin is the President and CEO of the Company and its wholly owned subsidiary, First Merchants Bank. He joined FMC in 2005, as its Executive Vice President and Chief Operating Officer, and he has led the Company since 2007. Before joining FMC, Mr. Rechin held senior management positions with National City Bank (“National City”) for 23 years. Mr. Rechin was the manager of National City’s Indiana Commercial Banking operations from 1995 until 2005. Mr. Rechin currently serves on the Boards of OneZone, the Conner Prairie Museum, The Center for the Performing Arts and Sheehan Family Foundation.
As the President, Chief Executive Officer y Director of First Merchants, the total compensation of Michael Rechin at First Merchants is $1,702,540. There are no executives at First Merchants getting paid more.
Michael Rechin is 61, he's been the President, Chief Executive Officer y Director of First Merchants since 2007. There are 9 older and 15 younger executives at First Merchants. The oldest executive at First Merchants Corp. is Patrick Sherman, 72, who is the Independent Director.
Michael's mailing address filed with the SEC is 200, East Jackson Street, Muncie, Delaware County, Indiana, 47305, United States.
Over the last 22 years, insiders at First Merchants have traded over $14,540,098 worth of First Merchants stock and bought 132,618 units worth $2,701,211 . The most active insiders traders include H Douglas Chaffin, Michael C Rechin y Mark K Hardwick. On average, First Merchants executives and independent directors trade stock every 14 days with the average trade being worth of $61,497. The most recent stock trade was executed by Mark K Hardwick on 8 August 2024, trading 11,832 units of FRME stock currently worth $475,883.
with more than 100 banking locations throughout 27 indiana counties as well as two in both illinois and ohio, we provide our customers with broad financial services delivered locally by bankers who are known and trusted in their communities. first merchants corporation is the largest financial services holding company headquartered in central indiana. bank divisions within the corporation include: first merchants bank lafayette bank & trust first merchants private wealth advisors, one of the largest wealth management companies in indiana. together we offer consumer banking, mortgage banking, business banking, cash management services, and wealth management, and are focused on building deep, lifelong client relationships and providing maximum shareholder value. we are a team of associates who support and expect superior results from our company and ourselves. accountability and execution is the foundation of our success. we provide an experience where customers can bank with their neigh
First Merchants executives and other stock owners filed with the SEC include: