What is automatic dividend reinvestment?
Automatic dividend reinvestment is a program whereby dividends are used to purchase additional shares of FirstMerit Corporation common stock instead of being paid in cash. Once you have enrolled, the Plan is automatic and no further action on your part is required. FirstMerit Bank, N. A. is responsible for the administration of the Plan and will act as your agent. Each quarter, FirstMerit Bank, N. A. will receive the total amount of cash dividends declared on the shares held by you and on the shares held in the Plan for you. These funds will then be used to purchase shares of FirstMerit Corporation common stock for you at the then current market price. If the funds are not sufficient to purchase a full additional share, your account will be credited with a fractional share.
