First Merchants Bank, Muncie, Ind., the principal subsidiary of First Merchants Corp., has promoted Michael L. Cox to president and chief operating officer of the unit.

Mr. Cox, who was also named executive vice president of the holding company, reports to Stefan S. Anderson, chairman and chief executive of the subsidiary, and chairman of the parent company.

Mr. Cox has been executive vice president of First Merchants Bank since 1994. He began his banking career as an investment officer at Merchants National Bank, now First Merchants Bank.

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