Mr Stewart has most recently served as executive vice president of corporate banking division for National City Bank, with direct oversight of the upper middle market banking segment in Indiana and Ohio. Mr Stewart is a graduate of Millikin University of Decatur, Illinois, with a Bachelors Degree in finance and an MBA in business administration from Butler University.

Michael Rechin, CEO of First Merchants, said: Mike Stewart is an exciting addition to our First Merchants team. I have firsthand experience in working with Mike and know his talent is additive to us in many areas. His approach to driving revenue and meeting customer needs will create great chemistry with the bank executives managing our markets.