Muncie, Ind.-based holding company First Merchants Corp. appointed Purdue University President Dr. Mung Chiang to both its board of directors and the board of its subsidiary, First Merchants Bank.
With Chiang’s appointment, the board of the $17 billion First Merchants will expand to 15 members, including 13 independent outside directors. Chiang will be on the ballot for continuing terms at the corporation’s annual shareholder meeting in May.
“Helping businesses and people through attentive financial support and advice, First Merchants is a high-performing bank helping to facilitate sustained economic growth across Indiana and neighboring states,” Chiang said. “First Merchants cares deeply about its clients, colleagues and communities. I’m honored to be joining such an outstanding board that facilitates strong economic support in the unique customer-focused way that First Merchants Bank serves its customers.”