leadership
confidence high
sentiment neutral
materiality 0.50
First Merchants CEO Mark Hardwick to retire end of 2026; Mike Stewart to become President and CEO Jan 1, 2027
FIRST MERCHANTS CORP
- CEO Mark Hardwick will retire at the end of 2026 after 29 years with the bank; retirement effective January 1, 2027.
- Mike Stewart, current First Merchants Bank President with more than 18 years at the bank, becomes President and CEO effective January 1, 2027.
- Board Chair Jean Wojtowicz credited Hardwick with 18 acquisitions during his tenure and said Stewart is 'ready to take First Merchants to the next level.'
- No additional plan, contract or award was granted to Stewart; no family relationships or Item 404(a) related-party transactions disclosed.
- Hardwick cited a 133-year-old institution with nearly 300,000 clients, 126 locations in 3 states and 2,200 employees.