First Merchants CEO to Retire, New Leader Appointed

MUNCIE, Ind., Oct. 01, 2026 /CourierPR/ -- First Merchants Corporation, a registered bank holding company with approximately $21 billion in assets, today announced significant changes in leadership. Mark Hardwick, the company's CEO who has been with the bank for 29 years, will retire at the end of the year. In his place, Mike Stewart, the current First Merchants Bank President with over 18 years of service, will become the new President and CEO starting in 2027.

Hardwick's retirement marks a significant shift in leadership for the company. Stewart, who has been an active leader in the community, currently serves on the Board of the Indianapolis Neighborhood Housing Partnership, Greater Indianapolis Progress Committee, Indy Chamber, Indiana Chamber, Park Tudor Foundation, and Second Presbyterian Foundation, will take the helm. Stewart previously served as Chairman of the Board of Bosma Industries and was a 20-year board member.

Stewart and his wife, Barb, have loved living in Indianapolis for 38 years and are excited for this next chapter of leading the bank to new levels of strength in Indy and in every market First Merchants is privileged to serve.

First Merchants Corporation, a registered bank holding company offering a full line of commercial and consumer banking services and wealth management services through First Merchants Bank and First Merchants Private Wealth Advisors in Indiana, Michigan, and Ohio, attributes its recognition to a mission-driven team that is passionate about "helping you prosper" through attentiveness as its genuine and unique approach to customer service.