{"schema_version":"secwatch.filing_event.v1","accession":"0000712534-24-000292","form_type":"8-K","ticker":"FRME","cik":"0000712534","company_name":"FIRST MERCHANTS CORP","filed_at":"2024-08-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.665035+00:00","generated_at":"2026-05-31T07:31:49.798279+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Merchants sells 5 Illinois branches to Old Second for ~$304M in deposits; expects $23M gain","bullets":["Old Second to pay 7.5% deposit premium (~$23M cash) to First Merchants for $304M deposits and $12M loans.","Sale completes First Merchants' exit from suburban Chicago; gain of ~$23M expected from the transaction.","Regulatory approvals pending; closing expected in Q4 2024; branches to be rebranded as Old Second.","First Merchants plans to redeploy capital into balance sheet restructuring to drive shareholder value."],"urls":{"canonical":"https://secwatch.observer/filing/0000712534-24-000292","json":"https://secwatch.observer/filing/0000712534-24-000292.json","markdown":"https://secwatch.observer/filing/0000712534-24-000292.md","text":"https://secwatch.observer/filing/0000712534-24-000292.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000292/0000712534-24-000292-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/712534/000071253424000292/frme-20240826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:31:49.798279+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}