Michael C. Rechin net worth and biography

Michael Rechin Biography and Net Worth

Director of First Merchants

Mr. Rechin is the former President and CEO of the Company and its wholly owned subsidiary, First Merchants Bank. He joined FMC in 2005, as its Executive Vice President and Chief Operating Officer, and he led the Company from 2007 until his retirement on December 31, 2020. Before joining FMC, Mr. Rechin held senior management positions with National City Bank (“National City”) for 23 years. Mr. Rechin was the manager of National City’s Indiana Commercial Banking operations from 1995 until 2005. Mr. Rechin currently serves on the Board of Advisors of the Sheehan Family Foundation and the Hageman Group. He previously served on the Boards of the Conner Prairie Museum and The Center for the Performing Arts.

As the Company’s former President and CEO, Mr. Rechin is an essential member of the Board. In addition to his leadership, strategic and management skills, Mr. Rechin’s broad knowledge of the banking and financial services industry acquired during his nearly 35 years of service in executive and senior management positions in that industry serves the Company well. Mr. Rechin resides in the Indianapolis metropolitan area, one of the company’s high-growth markets.

What is Michael C. Rechin's net worth?: The estimated net worth of Michael C. Rechin is at least $3.17 million as of December 19th, 2023. Mr. Rechin owns 85,834 shares of First Merchants stock worth more than $3,168,991 as of April 24th. This net worth approximation does not reflect any other investments that Mr. Rechin may own. Additionally, Mr. Rechin receives a salary of $60,820.00 as Director at First Merchants. Learn More about Michael C. Rechin's net worth.
How old is Michael C. Rechin?: Mr. Rechin is currently 65 years old. There are 7 older executives and no younger executives at First Merchants. Learn More on Michael C. Rechin's age.
What is Michael C. Rechin's salary?: As the Director of First Merchants Co., Mr. Rechin earns $60,820.00 per year. There are 5 executives that earn more than Mr. Rechin. The highest earning executive at First Merchants is Mr. Mark K. Hardwick, CEO & Director, who commands a salary of $1,170,000.00 per year. Learn More on Michael C. Rechin's salary.
How do I contact Michael C. Rechin?: The corporate mailing address for Mr. Rechin and other First Merchants executives is 200 EAST JACKSON STREET, MUNCIE IN, 47305. First Merchants can also be reached via phone at (765) 747-1500 and via email at nweaver@firstmerchants.com. Learn More on Michael C. Rechin's contact information.
Has Michael C. Rechin been buying or selling shares of First Merchants?: Michael C. Rechin has not been actively trading shares of First Merchants in the last ninety days. Most recently, Michael C. Rechin sold 10,000 shares of the business's stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $37.05, for a transaction totalling $370,500.00. Following the completion of the sale, the director now directly owns 85,834 shares of the company's stock, valued at $3,180,149.70. Learn More on Michael C. Rechin's trading history.
Who are First Merchants' active insiders?: First Merchants' insider roster includes Michael Becher (Director), Patrick Fehring (Director), Stephan Fluhler (Insider), Howard Halderman (Director), Mark Hardwick (CEO & Director), Gary Lehman (Director), Michael Marhenke (Director), Michael Rechin (Director), Patrick Sherman (Director), Jason Sondhi (Director), and Michael Stewart (President). Learn More on First Merchants' active insiders.
Are insiders buying or selling shares of First Merchants?: During the last year, First Merchants insiders bought shares 1 times. They purchased a total of 4 shares worth more than $164.96. During the last year, insiders at the bank sold shares 2 times. They sold a total of 31,184 shares worth more than $1,095,114.40. The most recent insider tranaction occured on December, 30th when Director Howard Halderman bought 4 shares worth more than $164.96. Insiders at First Merchants own 1.3% of the company. Learn More about insider trades at First Merchants.
Information on this page was last updated on 12/30/2024.

Michael C. Rechin Insider Trading History at First Merchants

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/19/2023	Sell	10,000	$37.05	$370,500.00	85,834
5/20/2020	Sell	10,000	$25.40	$254,000.00
8/20/2018	Sell	15,000	$48.63	$729,450.00
11/21/2017	Sell	5,332	$41.41	$220,798.12
11/29/2016	Sell	12,713	$34.14	$434,021.82	91,618
2/25/2013	Sell	4,725	$14.81	$69,977.25

Michael C. Rechin Buying and Selling Activity at First Merchants

First Merchants Company Overview

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans. It also provides personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. The company operates banking locations in Indiana, Illinois, Ohio, and Michigan counties. It also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.

Today's Range

Now: $36.92

$36.52

$37.91

50 Day Range

MA: $39.58

$34.13

$44.61

2 Week Range

Now: $36.92

$30.55

$46.13

Volume

380,163 shs

Average Volume

261,423 shs

Market Capitalization

$2.16 billion

P/E Ratio

10.80

Dividend Yield

3.95%

Beta

0.95

Michael Rechin Biography and Net Worth

What is Michael C. Rechin's net worth?

How old is Michael C. Rechin?

What is Michael C. Rechin's salary?

How do I contact Michael C. Rechin?

Has Michael C. Rechin been buying or selling shares of First Merchants?

Who are First Merchants' active insiders?

Are insiders buying or selling shares of First Merchants?