First Merchants Corporation and MBT Financial Corporation Announce Merger Agreement

By: Chad Mertz— Muncie, IN and Monroe, MI— First Merchants Corporation (NASDAQ: FRME) and MBT Financial Corporation (NASDAQ: MBTF) today announced they have executed a definitive agreement whereby MBT Financial Corporation will merge with and into First Merchants Corporation in a 100% stock transaction valued at approximately $290.9 million.  Upon completion of the merger, Monroe Bank & Trust, will merge with and into First Merchants Bank. Headquartered in Monroe, Michigan, MBTF operates 20 banking center locations in the southeastern Michigan … Continue reading First Merchants Corporation and MBT Financial Corporation Announce Merger Agreement