First Merchants to close downtown Shelbyville bank

Wednesday, August 9, 2023 at 4:40 AM

first-merchants-to-close-downtown-shelbyville-bank

First Merchants Bank has announced the closure this fall of its downtown Shelbyville facility.

A letter signed by Regional President David Greene and sent to customers this month announced the planned closure for 2 p.m. on November 7. The facility will consolidate into the First Merchants Shelbyville State Road 44 banking center at 2350 Marketplace Boulevard.

Banking center teammates are to be retained by First Merchants.

The letter states that those with a safe deposit box will receive more information.

According to First Merchants, the bank carefully reviews how customers use the banking centers and online banking services on a regular basis. First Merchants uses that information along with other factors such as availability of services and other locations to refresh, rebuild, relocate, and sometimes consolidate banking centers.

The letter notes that with increased use of the online and mobile banking services, expansion of the ability to meet with a banker virtually or by phone, and the decline in customers transactions at the Shelbyville downtown banking center, it was determined to close the downtown banking center.

Customers can mail comments on the proposed branch closing to the FDIC. However, the FDIC doesn’t have the authority to approve or prevent the branch closing.

Federal Deposit Insurance Corporation

Regional Director

Suite 1700

300 South Riverside Plaza

Chicago, IL 60606

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