First Merchants Corp. in Muncie, Ind., has promoted president Michael L. Cox to the additional post of chief executive officer.

He succeeded Stefan S. Anderson, who remains chairman of the $1.18 billion-asset, multibank holding company. First Merchants operates in east- central Indiana and western Ohio.

Mr. Cox will also continue as president and CEO of the company's lead institution, First Merchants Bank. He has been a director of the company and the bank since 1984.

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