Facts About FirstMerit

Find out who we are, where we started, and what we can do for you.

We believe it’s important for you to know your bank, just as we get to know you and your goals. It’s how long-lasting relationships begin. 

FirstMerit History

Our long heritage of providing superior community banking began in 1845 with the opening of the Old Phoenix Bank, established in Medina, Ohio. Over the next 150 years, our reputation steadily grew as other regional banks became part of our corporation. Then in 1996 FirstMerit Corporation, after uniting six subsidiary Ohio banks, formed FirstMerit Bank.

Headquartered in Akron, Ohio, FirstMerit Corporation has continued to expand through acquisitions that have extended our services further into Ohio, as well as into Illinois, Michigan, Pennsylvania and Wisconsin. Today, FirstMerit stands as one of the largest banks in the Midwest.

Each new acquisition has brought with it the benefits of strong community banking: local management, local decision-making, and local community boards.

Highlights from our recent history

1981

First Bancorporation of Ohio forms with First National Bank of Ohio and Old Phoenix National Bank of Medina.

1982

The Twinsburg Banking Company is acquired.

1984

Stark County's Exchange Bank in Canal Fulton joins First Bancorporation.

1985

The Corporation enters Cuyahoga County in 1985 by purchasing 18 banking offices from another institution.

1987

Branches in Portage and Erie counties are added.

1988

People Federal Savings Bank in Wooster is acquired.

1989

First National Bank in Massillon comes on board.

1990

People Savings Bank, serving Ashtabula, Lake and Geauga counties, merges.

1994

The Great Northern Financial Corporation follows suit.

1995

The largest acquisition in our history occurs when CIVISTA Corporation in Canton, Ohio, parent of Citizens Savings, joins us. That same year, the holding company name is changed to FirstMerit Corporation.

1997

Our services expand with the acquisition of Abell & Associates, a nationally-known life insurance and financial consulting firm.

1998

CoBancorp, parent of PremierBank, and Jefferson Savings Bank merge. Security First Corporation, with its Security Federal and First Federal of Kent banks, becomes part of FirstMerit.

1999

In February, we acquire Signal Corp. in Wooster, Ohio, adding 32 branches in North Central Ohio and FirstMerit's first presence in Lawrence County, Pennsylvania.

2009

FirstMerit signs a definitive purchase and assumption agreement to acquire $1.2 billion of deposits and 24 Chicago-area branches from St. Louis-based First Bank. FirstMerit also acquires substantially all of the asset-based loans from an affiliate of First Bank under a separate loan purchase agreement. This transaction closes in the fourth quarter of 2009.

2010

FirstMerit closes on and converts First Bank branches in Chicago to FirstMerit. FirstMerit also acquires and converts George Washington Savings Bank in Chicago with assistance from the FDIC. In May, FirstMerit acquires Midwest Bank and Trust in Chicago from the FDIC.

2012

FirstMerit announces it’s intention to acquire Citizens Republic Bancorp, a 140-year-old institution headquartered in Flint, Michigan, serving customers in Michigan, Ohio and Wisconsin.

2013

FirstMerit legally closes Citizens Republic Bancorp acquisition and rebrands all branches as FirstMerit.

Current Facts

Today, FirstMerit has 401 banking offices in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania and assets of $24.5 billion, making it the 29th largest bank in the nation by assets.