Dentons Bingham Greenebaum served as legal advisor to First Merchants Corporation in a definitive merger agreement executed November 4, 2021, with Level One Bancorp, Inc. Under the agreement, Level One will merge with and into First Merchants Corporation in a stock and cash transaction currently valued at approximately $323.5 million.

The transaction is expected to be completed in the first half of 2022, subject to shareholder and regulatory approvals. The combined company will have assets of approximately $17.6 billion and conduct its banking business as First Merchants Bank. Through the merger, First Merchants would expand its banking presence in the State of Michigan and remain the second-largest financial holding company headquartered in Indiana.

Read the press release from First Merchants Corporation.

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