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Balance Sheet Cash Flow Statement 3 Cascade Plaza, 7th Fl. Akron, OH 44308-1103 OH Tel. 330-996-6300 |
Type: Public
On the web:
http://www.firstmerit.com
Employees:
2,575
Employee growth: (6.5%)
FirstMerit Corporation is the holding company for FirstMerit Bank, which provides retail and commercial banking services through more than 150 branches in Ohio and western Pennyslvania. Serving local consumers and small to midsized businesses, the bank provides standard services such as deposit accounts, credit and debit cards, and loans; commercial loans account for more than half of the company's loan portfolio, which is rounded out by consumer installment loans, residential mortgages, and home equity loans. FirstMerit Bank and its subsidiaries also offer wealth management, securities brokerage, equipment lease financing, insurance, and trust services.
Key numbers for fiscal year ending December, 2008:
Sales: $557.6M
One year growth: 4.3%
Net income: $119.5M
Income growth: (2.9%)
Officers:
Chairman, President, and CEO, FirstMerit and FirstMerit Bank: Paul G. Greig
EVP and CFO, FirstMerit and FirstMerit Bank: Terrence E. Bichsel
EVP and CTO, FirstMerit and FirstMerit Bank: Larry A. Shoff
Competitors:
Fifth Third
KeyCorp
PNC Financial
