FirstMerit in Akron, Ohio, has reached an agreement with Paychex to provide payroll-processing services.
The $25 billion-asset FirstMerit will offer payroll services to its business and commercial customers through Paychex's SurePayroll unit. Those include payroll administration, time and labor management, human resources administration and insurance services such as workers' compensation.
FirstMerit will also offer depository and lending products for businesses, as part of the Paychex agreement.
Financial terms of FirstMerit's contract with Paychex were not disclosed.