exv99w1

Exhibit 99.1

FOR IMMEDIATE RELEASE

FirstMerit Corporation
Analyst: Thomas O’Malley/Investor Relations Officer
Phone: 330.384.7109
Media Contact: Robert Townsend/Media Relations Officer
Phone: 330.384.7075

FirstMerit Corporation Reports Third Quarter 2010 EPS of $0.27 Per Share

Quarterly Highlights include:

	•		46^th consecutive quarter of profitability

	•		*Solid credit quality with net charge-offs related to nonacquired loans at 1.17%*

	•		*Maintenance of strong balance sheet with allowance for loan losses on noncovered loans at 1.72% of period — end loans, excluding acquired loans*

	•		*Increased tangible common equity ratio to 7.53% at September 30, 2010*

Akron, Ohio (October 26, 2010) — FirstMerit Corporation (Nasdaq: FMER) reported third quarter 2010 net income of $29.0 million, or $0.27 per diluted share. This compares with $31.5 million, or $0.32 per diluted share, for the second quarter of 2010 and $22.8 million, or $0.27 per diluted share, for the third quarter 2009.

Returns on average common equity (“ROE”) and average assets (“ROA”) for the third quarter 2010 were 7.60% and 0.79%, respectively, compared with 9.61% and 0.94% for the second quarter of 2010 and 8.69% and 0.85% for the third quarter 2009.

“Our profitable third quarter results are reflective of FirstMerit’s strength and stability in this challenging economy,” said Paul G. Greig, chairman, president and CEO of FirstMerit Corporation. “This past quarter we grew operating revenue, increased our healthy tangible common equity levels, maintained a solid loan loss reserve and reduced credit costs. These highlights are indicative of the strong position we are in today. Our efforts this past quarter led to a successful conversion on our third bank acquisition in Chicago, a market in which we are developing loan portfolio growth opportunities.”

Net interest margin was 3.95% for the third quarter of 2010 compared with 4.04% for the second quarter of 2010 and 3.61% for the third quarter of 2009. Compared with the second quarter of 2010, the compression in net interest margin was attributed to amortization and paydowns in the covered and noncovered loan portfolios. As loan growth remains muted in the Company’s core Ohio and Chicago markets, incoming cash flows from the loan and investment securities portfolios were reinvested into lower-yielding, short duration securities. The expansion in the Corporation’s net interest margin, compared with the third quarter of 2009, is attributable to enhanced earning asset yields from Midwest Bank and Trust’s balance sheet and the successful results of the Corporation’s continued emphasis on core deposit gathering and shifting deposit mix away from higher-priced certificate of deposit products.

FirstMerit Corporation Reports Third Quarter 2010 EPS Results

Average loans, not including acquired loans, during the third quarter of 2010 decreased $29.5 million, or 0.43%, compared with the second quarter of 2010 and decreased $275.9 million, or 3.91%, compared with the third quarter of 2009. The modest changes in average loan balances compared with the second quarter of 2010 and the third quarter of 2009 reflect the Corporation’s business and retail customers’ focus on debt reduction. While the Corporation is adding new commercial loans in both its core Ohio and newer Chicago markets, low credit line utilization by existing customers is mitigating new loan production with respect to overall portfolio balances. At September 30, 2010, average covered loan balances including the indemnification asset were $2.2 billion.

Average deposits during the third quarter of 2010 increased $880.3 million, or 8.35%, compared with the second quarter of 2010 and increased $4.0 billion, or 54.73%, compared with the third quarter of 2009. During the third quarter of 2010, the Corporation increased its average core deposits, which excludes time deposits, by $672.3 million, or 9.06%, compared with the second quarter of 2010, and $2.6 billion, or 46.80%, compared with the third quarter of 2009.

Average investments during the third quarter of 2010 decreased $28.3 million, or 0.86%, compared with the second quarter of 2010 and increased $542.6 million, or 19.89%, over the third quarter of 2009. The increase in third quarter of 2010 average investments, compared with the third quarter of 2009, is due to the purchase of $575.0 million of securities in the first quarter of 2010 as a result of the First Bank acquisition.

Net interest income on a fully tax-equivalent (“FTE”) basis was $125.5 million in the third quarter 2010 compared with $118.8 million in the second quarter of 2010 and $89.1 million in the third quarter of 2009. Compared with the second quarter of 2010, average earning assets increased $815.5 million, or 6.92%, and increased $2.8 billion, or 28.54%, compared to the third quarter of 2009.

Noninterest income net of securities transactions for the third quarter of 2010 was $55.1 million, an increase of $2.5 million, or 4.79%, from the second quarter of 2010 and an increase of $6.4 million, or 13.23%, from the third quarter of 2009.

The increase in other income for the third quarter of 2010 compared to the second quarter of 2010 was driven by mortgage revenue, including loan sales and servicing and the fair value of the mortgage pipeline which is recorded in other operating income. The primary change in other income for the 2010 third quarter as compared to the third quarter of 2009 was attributed to $3.9 million in income related to mortgage origination activities.

Other income, net of securities gains, as a percentage of net revenue for the third quarter of 2010 was 30.50% compared with 30.67% for second quarter of 2010 and 35.32% for the third quarter of 2009. Net revenue is defined as net interest income, on a FTE basis, plus other income, less gains from securities sales.

Noninterest expense for the third quarter of 2010 was $120.7 million, an increase of $14.9 million, or 14.14%, from the second quarter of 2010 and an increase of $36.5 million, or 43.37%, from the third quarter of 2009. For the three months ended September 30, 2010, increases in operating expenses compared to the third quarter of 2009 were primarily attributable to increased salary and benefits, and professional services. One time expenses associated with data processing conversions and related expenses for acquisitions totaled $4.5 million.

During the third quarter of 2010, the Corporation reported an efficiency ratio of 66.26%, compared with 61.30% for the second quarter of 2010 and 61.05% for the third quarter of 2009.

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FirstMerit Corporation Reports Third Quarter 2010 EPS Results

Net charge-offs, excluding acquired loans, totaled $19.9 million, or 1.17% of average loans, excluding acquired loans, in the third quarter of 2010 compared with $19.8 million, or 1.15% of average loans, in the second quarter of 2010 and $18.8 million, or 1.05% of average loans, in the third quarter of 2009.

Nonperforming assets totaled $115.3 million at September 30, 2010, an increase of $5.5 million compared with June 30, 2010 and an increase of $26.4 million compared with September 30, 2009. Nonperforming assets at September 30, 2010 represented 1.70% of period-end loans plus other real estate, excluding acquired loans, compared with 1.62% at June 30, 2010 and 1.26% at September 30, 2009.

The allowance for loan losses noncovered, totaled $116.5 million at September 30, 2010, a decrease of $1.8 million from June 30, 2010. At September 30, 2010, the allowance for loan losses noncovered was 1.72% of period-end loans compared with 1.75% at June 30, 2010, and 1.72% at March 31, 2010. The allowance for credit losses is the sum of the allowance for loan losses noncovered, and the reserve for unfunded lending commitments. For comparative purposes the allowance for credit losses was 1.84% of period-end loans, excluding acquired loans, at September 30, 2010, compared with 1.85% at June 30, 2010 and 1.82% at March 31, 2010. The allowance for credit losses to nonperforming loans was 118.49% at September 30, 2010, compared with 126.51% at June 30, 2010 and 110.80% at March 31, 2010.

The Corporation’s total assets at September 30, 2010 were $14.4 billion, a decrease of $167.0 million inclusive of intangible assets, or 1.15%, compared with June 30, 2010 and an increase of $3.6 billion, or 33.40%, compared with September 30, 2009. Total loans, excluding acquired loans, did not significantly change compared with June 30, 2010 and September 30, 2009. The primary increase in total assets compared with September 30, 2009, is attributed to the three 2010 acquisitions that increased total loans, including a loss share receivable of $318.4 million, by $2.2 billion as of September 30, 2010.

Total deposits were $11.3 billion at September 30, 2010, a decrease of $243.8 million, or 2.12%, from June 30, 2010 and an increase of $4.0 billion, or 55.01%, from September 30, 2009. The increase in total deposits over September 30, 2009 was driven by the Corporation’s expansion strategy in Chicago. Core deposits totaled $8.1 billion at September 30, 2010, an increase of $0.4 million, or 4.80%, from June 30, 2010 and an increase of $2.5 billion, or 44.53%, from September 30, 2009. The increase in core deposits over the prior quarter is due to the Corporation’s strategy to retain recently acquired depository customers and move them from certificate of deposit accounts into core deposit products. Deposit retention rates for the three acquired Chicago institutions at September 30, 2010, are as follows:

First Bank, 94.9%; George Washington, 96.6%; and Midwest Bank & Trust (excluding brokered certificate of deposits, CDARS & internet certificate of deposits), 94.6%.

Shareholders’ equity was $1.5 billion at September 30, 2010, compared with $1.5 billion at June 30, 2010 and $1.1 billion at September 30, 2009. The Corporation maintained a strong capital position as tangible common equity to assets was 7.53% at September 30, 2010, compared with 7.37% and 8.65% at June 30, 2010 and September 30, 2009, respectively. The common dividend per share paid in the third quarter 2010 was $0.16.

Mr. Greig said, “FirstMerit’s strong capital position and profitable performance every quarter for more than 11 years allows us to execute on growth opportunities, both geographic and organic. Backed by our robust balance sheet, we continue to work on generating value for our shareholders.”

Page 3

FirstMerit Corporation Reports Third Quarter 2010 EPS Results

Acquisitions and Integration

The First Bank, George Washington and Midwest acquisitions were considered business combinations and accounted for under FASB Accounting Standard Codification 805, Business Combinations (ASC 805). All acquired assets and liabilities were recorded at their estimated fair values as of the date of acquisition and identifiable intangible assets were recorded at their estimated fair value. Estimated fair values are considered preliminary and, in accordance with ASC 805, are subject to change up to one year after the acquisition date. This allows for adjustments to the initial purchase entries if additional information relative to closing date fair values becomes available, and we continue to analyze our estimates of the fair values of the assets acquired and the liabilities assumed. Material adjustments to acquisition date estimated fair values are recorded in the period in which the acquisition occurred and, as a result, previously reported results are subject to change. Certain reclassifications of prior periods’ amounts may also be made to conform to the current period’s presentation and would have no effect on previously reported net income amounts.

During the quarter ended September 30, 2010, we obtained additional information that resulted in changes to certain acquisition-data fair value estimates relating to both the George Washington and Midwest acquisitions. These purchase accounting adjustments have resulted in a reduction of $4.0 million, or approximately $2.6 million net of effect of taxes, to the bargain purchase gain which was recognized for the George Washington acquisition in the quarter ended March 31, 2010, and a reduction of approximately $5.3 million to the goodwill recorded for the Midwest acquisition in the quarter ended June 30, 2010. Prior period amounts appropriately reflect these adjustments.

On October 9, 2010, FirstMerit successfully completed the operational and technical migration of Midwest Bank & Trust which the corporation acquired from the FDIC on May 14, 2010.

Third Quarter 2010 Conference Call

FirstMerit Corporation senior management will host an earnings conference call today at 2:00 p.m. (Eastern Time) to provide an overview of third quarter 2010 results and highlights. To participate in the conference call, please dial (888) 693-3477 ten minutes before start time and provide the reservation number: 86358126. A replay of the conference call will be available at approximately 5:00 p.m. (Eastern Time) on October 26, 2010 through November 10, 2010 by dialing (800) 642-1687, and entering the PIN: 86358126.

About FirstMerit Corporation

FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of $14.4 billion as of September 30, 2010 and 207 banking offices and 213 ATMs in Ohio, Western Pennsylvania and the Chicago area. FirstMerit Corporation provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal wholly-owned subsidiaries include: FirstMerit Bank, N.A., FirstMerit Mortgage Corporation, FirstMerit Title Agency, Ltd., and FirstMerit Community Development Corporation.

Subsequent Events

The Corporation is required under generally accepted accounting principles to evaluate subsequent events through the filing of the September 30, 2010 consolidated financial statements on Form 10-Q. As a result, the Corporation will continue to evaluate the impact of any subsequent events on critical accounting

Page 4

FirstMerit Corporation Reports Third Quarter 2010 EPS Results

assumptions and estimates made as of September 30, 2010 and will adjust amounts preliminarily reported, if necessary.

Forward-Looking Statement

This release contains forward-looking statements relating to present or future trends or factors affecting the banking industry, and specifically the financial condition and results of operations, including without limitation, statements relating to the earnings outlook of the Corporation, as well as its operations, markets and products. Actual results could differ materially from those indicated. Among the important factors that could cause results to differ materially are interest rate changes, continued softening in the economy, which could materially impact credit quality trends and the ability to generate loans, changes in the mix of the Corporation’s business, competitive pressures, changes in accounting, tax or regulatory practices or requirements and those risk factors detailed in the Corporation’s periodic reports and registration statements filed with the Securities and Exchange Commission. The Corporation undertakes no obligation to release revisions to these forward-looking statements or reflect events or circumstances after the date of this release.

Page 5



FIRSTMERIT CORPORATION AND SUBSIDIARIES Consolidated Financial Highlights


	Quarters
(Unaudited)	2010			2010			2010			2009			2009
(Dollars in thousands)	3rd Qtr			2nd Qtr			1st Qtr			4th Qtr			3rd Qtr
EARNINGS
Net interest income FTE (a)	$	125,514		$	118,817		$	92,348		$	89,171		$	89,079
Provision for loan losses uncovered		18,108			20,366			25,493			29,960			23,887
Other income		55,135			53,209			49,900			52,701			51,567
Other expenses		120,670			105,723			94,013			94,885			84,165
FTE adjustment (a)		2,021			2,050			1,954			1,793			1,702
Net income		28,996			31,493			15,390			14,478			22,763
Diluted EPS (b)		0.27			0.32			0.18			0.17			0.27

PERFORMANCE RATIOS
Return on average assets (ROA)		0.79	%		0.94	%		0.55	%		0.54	%		0.85	%
Return on average common equity (ROE)		7.60	%		9.61	%		5.71	%		5.38	%		8.69	%
Net interest margin FTE (a)		3.95	%		4.04	%		3.72	%		3.64	%		3.61	%
Efficiency ratio		66.26	%		61.30	%		65.93	%		67.74	%		61.05	%
Number of full-time equivalent employees		3,093			3,095			2,723			2,495			2,522

MARKET DATA
Book value/common share	$	13.95		$	13.87		$	12.69		$	12.25		$	12.34
Period-end common share mkt value		18.32			17.13			21.57			20.14			19.03
Market as a % of book		131	%		124	%		170	%		164	%		154	%
Cash dividends/common share	$	0.16		$	0.16		$	0.16		$	0.16		$	0.16
Common stock dividend payout ratio		60.03	%		50.00	%		88.89	%		94.12	%		59.26	%
Average basic common shares (b)		108,793			98,968			87,771			86,149			85,872
Average diluted common shares (b)		108,794			98,969			87,777			86,157			85,880
Period end common shares		108,803			108,786			90,810			87,004			85,869
Common shares repurchased		4			46			115			35			13
Common stock market capitalization	$	1,993,276		$	1,863,504		$	1,958,772		$	1,752,261		$	1,634,087

ASSET QUALITY (excluding acquired loans)
Gross charge-offs	$	25,817		$	24,967		$	26,195		$	34,232		$	21,819
Net charge-offs		19,923			19,829			22,779			31,220			18,757
Allowance for loan losses		116,528			118,343			117,806			115,092			116,352
Reserve for unfunded lending commitments		7,864			6,812			6,337			5,751			4,470
Nonperforming assets (NPAs) (c)		115,267			109,781			123,320			101,001			88,881
Net charge-offs/average loans ratio (c)		1.17	%		1.15	%		1.36	%		1.79	%		1.05	%
Allowance for loan losses/period-end loans (c)		1.72	%		1.75	%		1.72	%		1.68	%		1.66	%
Allowance for credit losses/period-end loans (c)		1.84	%		1.85	%		1.82	%		1.77	%		1.72	%
NPAs/loans and other real estate (c)		1.70	%		1.62	%		1.80	%		1.48	%		1.26	%
Allowance for loan losses/nonperforming loans		111.00	%		119.62	%		105.14	%		125.55	%		147.60	%
Allowance for credit losses/nonperforming loans		118.49	%		126.51	%		110.80	%		131.82	%		153.27	%

CAPITAL & LIQUIDITY
Period-end tangible common equity to assets		7.53	%		7.37	%		7.91	%		8.89	%		8.65	%
Average equity to assets		10.37	%		9.76	%		9.63	%		10.11	%		9.77	%
Average equity to total loans (d)		16.84	%		15.91	%		15.39	%		15.37	%		14.72	%
Average total loans to deposits (d)		78.65	%		78.32	%		85.18	%		93.94	%		95.57	%

AVERAGE BALANCES
Assets	$	14,588,531		$	13,472,179		$	11,357,110		$	10,559,231		$	10,629,359
Deposits		11,425,740			10,545,482			8,340,796			7,397,592			7,384,507
Loans, excluding acquired loans (d)		6,781,123			6,810,582			6,812,647			6,932,566			7,057,021
Acquired loans, including covered loans (d)		2,204,843			1,449,140			291,651			16,419			—
Earning assets		12,600,422			11,784,967			10,076,565			9,714,193			9,802,810
Shareholders’ equity		1,513,527			1,314,249			1,093,568			1,068,013			1,038,824

ENDING BALANCES
Assets	$	14,355,786		$	14,522,825		$	12,324,589		$	10,539,902		$	10,761,355
Deposits		11,271,416			11,515,171			9,370,009			7,515,796			7,271,274
Loans, excluding acquired loans (d)		6,776,098			6,779,941			6,836,451			6,835,425			7,029,648
Acquired loans, including covered loans (d)		2,158,930			2,284,163			533,888			88,064			—
Goodwill		460,396			460,396			187,945			139,598			139,245
Intangible assets		11,416			12,422			5,659			1,158			1,143
Earning assets		12,528,954			12,701,602			10,775,434			9,685,155			9,793,244
Total shareholders’ equity		1,517,892			1,505,345			1,152,721			1,065,627			1,059,209


NOTES:

(a) —		Net interest income on a fully tax-equivalent (“FTE”) basis restates interest on tax-exempt securities and loans as if such interest were subject to federal income tax at the statutory rate. Net interest income on an FTE basis is not an accounting principle generally accepted in the United States of America.

(b) —		Average outstanding shares and per share data restated to reflect the effect of stock dividends declared April 28, 2009 and August 20, 2009.

(c) —		As required by current accounting guidance, the acquired loans and other real estate from First Bank, George Washington Savings Bank and Midwest Bank & Trust Company were recorded at fair value with no carryover of the related allowances. The ratio of our allowance for loan and credit losses and NPAs do not include these loans and other real estate.

(d) —		Excludes loss share receivable of $318.4 million, $319.8 million and $88.0 million as of September 30, 2010, June 30, 2010 and March 31, 2010, respectively.

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FIRSTMERIT CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS


(Dollars in thousands)	September 30,			December 31,			September 30,
(Unaudited, except December 31, 2009, which is derived from the audited financial statements)	2010			2009			2009
ASSETS
Cash and due from banks	$	650,769		$	161,033		$	193,060
Investment securities
Held-to-maturity		61,818			50,686			38,454
Available-for-sale		3,027,436			2,565,264			2,583,722
Other investments		160,753			128,888			128,901
Loans held for sale		25,542			16,828			12,519
Noncovered loans:
Commercial loans		4,344,784			4,066,522			4,097,252
Mortgage loans		414,728			463,416			481,336
Installment loans		1,349,964			1,425,373			1,481,200
Home equity loans		760,816			753,112			761,553
Credit card loans		144,734			153,525			147,767
Leases		64,009			61,541			60,540

Total noncovered loans		7,079,035			6,923,489			7,029,648
Covered loans (includes loss share receivable of $318 million)		2,174,370			—			—

Total loans		9,253,405			6,923,489			7,029,648
Less: allowance for loan losses		(116,528	)		(115,092	)		(116,352	)

Net loans		9,136,877			6,808,397			6,913,296
Premises and equipment, net		194,757			125,205			126,416
Goodwill		460,396			139,598			139,245
Intangible assets		11,416			1,158			1,143
Other real estate covered by FDIC loss share		53,525			0			0
Accrued interest receivable and other assets		572,497			542,845			624,599

Total assets	$	14,355,786		$	10,539,902		$	10,761,355


LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Demand-non-interest bearing	$	2,658,458		$	2,069,921		$	1,898,913
Demand-interest bearing		847,284			677,448			644,121
Savings and money market accounts		4,557,702			3,408,109			3,035,922
Certificates and other time deposits		3,207,972			1,360,318			1,692,318

Total deposits		11,271,416			7,515,796			7,271,274

Federal funds purchased and securities sold under agreements to repurchase		897,755			996,345			1,350,475
Wholesale borrowings		391,914			740,105			749,397
Accrued taxes, expenses, and other liabilities		276,809			222,029			331,000

Total liabilities		12,837,894			9,474,275			9,702,146

Commitments and contingencies
Shareholders’ equity:
Preferred stock, without par value: authorized and unissued 7,000,000 shares		—			—			—
Preferred stock, Series A, without par value: designated 800,000 shares; none outstanding		—			—			—
Convertible preferred stock, Series B, without par value: designated 220,000 shares; none outstanding		—			—			—
Common stock, without par value: authorized 300,000,000 shares; issued 115,121,731, 93,633,871 and 92,635,910 at September 30, 2010, December 31, 2009 and September 30, 2009, respectively		127,937			127,937			127,937
Capital surplus		484,770			88,573			68,694
Accumulated other comprehensive loss		(4,915	)		(25,459	)		(7,437	)
Retained earnings		1,071,147			1,043,625			1,042,752
Treasury stock, at cost, 6,318,452, 6,629,995 and 6,767,053 shares at September 30, 2010, December 31, 2009 and September 30, 2009, respectively		(161,047	)		(169,049	)		(172,737	)

Total shareholders’ equity		1,517,892			1,065,627			1,059,209

Total liabilities and shareholders’ equity	$	14,355,786		$	10,539,902		$	10,761,355

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FIRSTMERIT CORPORATION AND SUBSIDIARIES AVERAGE CONSOLIDATED BALANCE SHEETS


	Quarterly Periods
(Unaudited)	September 30,			June 30,			March 31,			December 31,			September 30,
(Dollars in thousands)	2010			2010			2010			2009			2009

ASSETS
Cash and due from banks	$	821,713		$	710,981		$	521,666		$	167,608		$	159,985
Investment securities
Held-to-maturity		63,364			64,650			56,322			43,228			32,017
Available-for-sale		3,049,056			3,088,011			2,731,639			2,577,759			2,568,348
Other investments		158,591			146,620			129,658			128,214			128,067
Loans held for sale		21,659			18,827			14,538			16,007			17,357
Noncovered loans:
Commercial loans		4,336,631			4,376,059			4,197,663			4,058,851			4,105,778
Mortgage loans		421,087			438,243			454,525			472,829			492,089
Installment loans		1,363,248			1,377,748			1,402,552			1,449,091			1,492,019
Home equity loans		762,626			763,943			757,094			756,478			758,353
Credit card loans		146,863			145,880			150,117			151,233			149,460
Leases		58,223			59,049			60,430			60,503			59,322

Total noncovered loans		7,088,678			7,160,922			7,022,381			6,948,985			7,057,021
Covered loans and loss share receivable		2,219,074			1,305,937			122,027			—			—

Total loans		9,307,752			8,466,859			7,144,408			6,948,985			7,057,021
Less: allowance for loan losses		113,025			116,639			115,031			113,438			111,073

Net loans		9,194,727			8,350,220			7,029,377			6,835,547			6,945,948

Total earning assets		12,600,422			11,784,967			10,076,565			9,714,193			9,802,810

Premises and equipment, net		172,712			167,006			141,405			126,073			127,096
Accrued interest receivable and other assets		1,106,709			925,864			732,505			664,795			650,541


TOTAL ASSETS	$	14,588,531		$	13,472,179		$	11,357,110		$	10,559,231		$	10,629,359


LIABILITIES
Deposits:
Demand-non-interest bearing	$	2,729,355		$	2,492,539		$	2,146,969		$	2,028,977		$	1,947,359
Demand-interest bearing		858,168			698,261			687,233			651,381			647,712
Savings and money market accounts		4,503,906			4,228,323			3,709,246			3,175,825			2,916,980
Certificates and other time deposits		3,334,311			3,126,359			1,797,348			1,541,409			1,872,456


Total deposits		11,425,740			10,545,482			8,340,796			7,397,592			7,384,507

Federal funds purchased and securities sold under agreements to repurchase		928,607			843,652			951,927			1,076,199			1,087,875
Wholesale borrowings		443,892			526,926			708,414			762,023			883,377


Total funds		12,798,239			11,916,060			10,001,137			9,235,814			9,355,759
Accrued taxes, expenses and other liabilities		276,765			241,870			262,405			255,404			234,776


Total liabilities		13,075,004			12,157,930			10,263,542			9,491,218			9,590,535

SHAREHOLDERS’ EQUITY
Preferred stock		—			—			—			—			—
Common stock		127,937			127,937			127,937			127,937			127,937
Common stock warrant		—			—			—			—			—
Capital surplus		484,197			307,929			106,350			74,213			55,732
Accumulated other comprehensive loss		(2,332	)		(15,913	)		(20,593	)		(9,266	)		(26,793	)
Retained earnings		1,065,001			1,057,754			1,049,774			1,047,097			1,050,359
Treasury stock		(161,276	)		(163,458	)		(169,900	)		(171,968	)		(168,411	)


Total shareholders’ equity		1,513,527			1,314,249			1,093,568			1,068,013			1,038,824


TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	14,588,531		$	13,472,179		$	11,357,110		$	10,559,231		$	10,629,359

Page 8


FIRSTMERIT CORPORATION AND SUBSIDIARIES AVERAGE CONSOLIDATED BALANCE SHEETS (Unaudited) Fully Tax-equivalent Interest Rates and Interest Differential


	Three months ended									Year ended							Three months ended
	September 30, 2010								December 31, 2009								September 30, 2009
	Average					Average			Average					Average			Average					Average
(Dollars in thousands)	Balance			Interest		Rate			Balance			Interest		Rate			Balance			Interest		Rate

ASSETS
Cash and due from banks	$	821,713							$	183,215							$	159,985
Investment securities and federal funds sold:
U.S. Treasury securities and U.S. Government agency obligations (taxable)		2,609,406			21,364		3.25	%		2,222,771			97,871		4.40	%		2,210,551			24,115		4.33	%
Obligations of states and political subdivisions (tax exempt)		346,380			4,848		5.55	%		321,919			19,718		6.13	%		318,853			4,872		6.06	%
Other securities and federal funds sold		315,225			2,197		2.77	%		204,272			8,394		4.11	%		199,028			2,049		4.08	%

Total investment securities and federal funds sold		3,271,011			28,409		3.45	%		2,748,962			125,983		4.58	%		2,728,432			31,036		4.51	%

Loans held for sale		21,659			269		4.93	%		19,289			1,032		5.35	%		17,357			230		5.26	%
Noncovered loans, covered loans and loss share receivable		9,307,752			118,680		5.06	%		7,156,983			339,381		4.74	%		7,057,021			84,107		4.73	%


Total earning assets		12,600,422			147,358		4.64	%		9,925,234			466,396		4.70	%		9,802,810			115,373		4.67	%

Allowance for loan losses		(113,025	)							(108,017	)							(111,073	)
Other assets		1,279,421								793,062								777,637


Total assets	$	14,588,531							$	10,793,494							$	10,629,359


LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Demand — non-interest bearing	$	2,729,355			—		—		$	1,910,171			—		—		$	1,947,359			—		—
Demand — interest bearing		858,168			223		0.10	%		656,367			600		0.09	%		647,712			137		0.08	%
Savings and money market accounts		4,503,906			8,212		0.72	%		2,886,842			23,472		0.81	%		2,916,980			5,763		0.78	%
Certificates and other time deposits		3,334,311			9,702		1.15	%		2,056,208			54,610		2.66	%		1,872,456			12,284		2.60	%


Total deposits		11,425,740			18,137		0.63	%		7,509,588			78,682		1.05	%		7,384,507			18,184		0.98	%

Securities sold under agreements to repurchase		928,607			984		0.42	%		1,013,167			4,764		0.47	%		1,087,875			1,286		0.47	%
Wholesale borrowings		443,892			2,725		2.44	%		952,979			27,317		2.87	%		883,377			6,824		3.06	%


Total interest bearing liabilities		10,068,884			21,846		0.86	%		7,565,563			110,763		1.46	%		7,408,400			26,294		1.41	%

Other liabilities		276,765								267,835								234,776

Shareholders’ equity		1,513,527								1,049,925								1,038,824


Total liabilities and shareholders’ equity	$	14,588,531							$	10,793,494							$	10,629,359


Net yield on earning assets	$	12,600,422			125,512		3.95	%	$	9,925,234			355,633		3.58	%	$	9,802,810			89,079		3.61	%


Interest rate spread							3.78	%							3.24	%							3.26	%

Note: Interest income on tax-exempt securities and loans has been adjusted to a fully-taxable equivalent basis.
Nonaccrual loans have been included in the average balances.

Page 9


FIRSTMERIT CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME


	Quarters ended						Nine months ended
(Unaudited)	September 30,						September 30,
(Dollars in thousands except per share data)	2010			2009			2010		2009
Interest income:
Interest and fees on loans, including held for sale	$	118,543		$	84,283		$	312,112	$	258,329
Investment securities
Taxable		23,560			26,165			74,032		81,119
Tax-exempt		3,234			3,223			9,861		9,738

Total investment securities interest		26,794			29,388			83,893		90,857
Total interest income		145,337			113,671			396,005		349,186

Interest expense:
Interest on deposits:
Demand-interest bearing		252			137			553		451
Savings and money market accounts		8,294			5,763			23,768		16,592
Certificates and other time deposits		9,588			12,284			25,504		46,197
Interest on securities sold under agreements to repurchase		986			1,286			3,517		3,496
Interest on wholesale borrowings		2,724			6,824			12,009		21,064

Total interest expense		21,844			26,294			65,351		87,800

Net interest income		123,493			87,377			330,654		261,386
Provision for loan losses — uncovered		18,108			23,887			63,967		68,473
Provision for loan losses — covered		593			—			860		—

Net interest income after provision for loan losses		104,791			63,490			265,826		192,913

Other income:
Trust department income		5,469			5,081			16,324		15,309
Service charges on deposits		16,859			16,782			49,962		46,798
Credit card fees		12,532			11,711			36,332		34,463
ATM and other service fees		2,996			2,935			8,349		8,380
Bank owned life insurance income		3,219			3,216			11,757		9,216
Investment services and insurance		2,688			2,498			7,151		7,686
Investment securities gains, net		58			2,925			709		4,103
Loan sales and servicing income		4,006			3,881			10,218		10,007
Gain on George Washington acquistion		—			—			1,041		—
Gain on post medical retirement curtailment		—			—			—		9,543
Other operating income		7,308			2,538			16,401		12,095

Total other income		55,135			51,567			158,244		157,600

Other expenses:
Salaries, wages, pension and employee benefits		58,930			43,351			158,985		130,158
Net occupancy expense		8,608			5,739			23,428		18,468
Equipment expense		7,330			5,847			20,115		17,856
Stationery, supplies and postage		2,865			2,167			8,254		6,493
Bankcard, loan processing and other costs		8,281			7,548			23,762		23,252
Professional services		8,544			3,980			21,626		10,316
Amortization of intangibles		1,006			86			1,909		260
FDIC expense		5,267			2,298			13,448		13,350
Other operating expense		19,840			13,149			48,879		37,779

Total other expenses		120,670			84,165			320,406		257,932

Income before federal income tax expense		39,257			30,892			103,665		92,581
Federal income tax expense		10,261			8,129			27,786		24,889

Net income	$	28,996		$	22,763		$	75,879	$	67,692


Other comprehensive income, net of taxes
Unrealized securities’ holding gain, net of taxes	$	(360	)	$	28,172		$	21,005	$	50,235
Unrealized hedging loss, net of taxes		—			—			—		(94	)
Less: reclassification adjustment for securities’ gain realized in income, net of taxes		38			(277	)		461		(831	)
Minimum pension liability adjustment, net of taxes		—			1,901			—		2,667

Total other comprehensive gain, net of taxes		(398	)		25,994			20,544		46,643

Comprehensive income	$	28,598		$	48,757		$	96,423	$	114,335

Net income applicable to common shares	$	28,996		$	22,763		$	75,879	$	61,321

Net income used in diluted EPS calculation	$	28,996		$	22,763		$	75,879	$	61,321

Weighted average number of common shares outstanding — basic *		108,793			85,872			98,588		84,182

Weighted average number of common shares outstanding — diluted *		108,794			85,880			98,590		84,190

Basic earnings per share *	$	0.27		$	0.27		$	0.77	$	0.73

Diluted earnings per share *	$	0.27		$	0.27		$	0.77	$	0.73

Dividend per share	$	0.16		$	0.16		$	0.48	$	0.61


*		Average outstanding shares and per share data as of June 30, 2009 are restated to reflect the effect of stock dividends declared April 29, 2009 and August 20, 2009.

Page 10


FIRSTMERIT CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME—LINKED QUARTERS


	Quarterly Results
(Unaudited)	2010			2010		2010		2009			2009
(Dollars in thousands, except share data)	3rd Qtr			2nd Qtr		1st Qtr		4th Qtr			3rd Qtr

Interest and fees on loans, including held for sale	$	118,543		$	109,924	$	83,645	$	81,907		$	84,283
Interest and dividends — securities and federal funds sold		26,794			28,890		28,209		28,434			29,388

Total interest income		145,337			138,814		111,854		110,341			113,671

Interest on deposits:
Demand-interest bearing		252			149		152		149			137
Savings and money market accounts		8,294			7,873		7,601		6,880			5,763
Certificates and other time deposits		9,588			9,510		6,406		8,413			12,284
Securities sold under agreements to repurchase		986			1,404		1,127		1,268			1,286
Wholesale borrowings		2,724			3,111		6,174		6,253			6,824

Total interest expense		21,844			22,047		21,460		22,963			26,294

Net interest income		123,493			116,767		90,394		87,378			87,377
Provision for loan losses — uncovered		18,108			20,366		25,493		29,960			23,887
Provision for loan losses — covered		593			267		—		—			—

Net interest income after provision for loan losses		104,791			96,134		64,901		57,418			63,490

Other income:
Trust department income		5,469			5,574		5,281		5,374			5,081
Service charges on deposits		16,859			17,737		15,366		16,568			16,782
Credit card fees		12,532			12,242		11,558		12,049			11,711
ATM and other service fees		2,996			2,844		2,509		2,730			2,935
Bank owned life insurance income		3,219			2,886		5,652		4,524			3,216
Investment services and insurance		2,688			2,535		1,928		2,322			2,498
Investment securities gains, net		58			651		—		1,934			2,925
Loan sales and servicing income		4,006			2,975		3,237		2,947			3,881
Gain on George Washington acquisition		—			—		1,041		—			—
Other operating income		7,308			5,765		3,328		4,253			2,538

Total other income		55,135			53,209		49,900		52,701			51,567

Other expenses:
Salaries, wages, pension and employee benefits		58,930			51,899		48,156		45,748			43,351
Net occupancy expense		8,608			7,680		7,140		5,631			5,739
Equipment expense		7,330			6,735		6,050		6,445			5,847
Stationery, supplies and postage		2,865			2,696		2,693		2,414			2,167
Bankcard, loan processing and other costs		8,281			7,663		7,818		8,215			7,548
Professional services		8,544			7,845		5,237		6,098			3,980
Amortization of intangibles		1,006			669		234		87			86
FDIC expense		5,267			4,416		3,765		3,160			2,298
Other operating expense		19,840			16,120		12,920		17,087			13,149

Total other expenses		120,670			105,723		94,013		94,885			84,165

Income before income tax expense		39,257			43,620		20,788		15,234			30,892
Federal income taxes		10,261			12,127		5,398		756			8,129

Net income	$	28,996		$	31,493	$	15,390	$	14,478		$	22,763

Other comprehensive income (loss), net of taxes		(398	)		16,466		4,476		(18,022	)		25,994

Comprehensive income	$	28,598		$	47,959	$	19,866	$	(3,544	)	$	48,757

Net income applicable to common shares	$	28,996		$	31,493	$	15,390	$	14,478		$	22,763

Adjusted net income used in diluted EPS calculation	$	28,996		$	31,493	$	15,390	$	14,478		$	22,763

Weighted-average common shares — basic *		108,793			98,968		87,771		86,149			85,872

Weighted-average common shares — diluted *		108,794			98,969		87,777		86,157			85,880


Basic net income per share *	$	0.27		$	0.32	$	0.18	$	0.17		$	0.27


Diluted net income per share *	$	0.27		$	0.32	$	0.18	$	0.17		$	0.27


*		Average outstanding shares and per share data restated to reflect the effect of stock dividends declared April 28, 2009 and August 20, 2009.

Page 11


FIRSTMERIT CORPORATION AND SUBSIDIARIES ASSET QUALITY INFORMATION


	Quarterly Periods															Annual Period
(Unaudited, except December 31, 2009 annual period which
is derived from the audited financial statements)	September 30,			June 30,			March 31,			December 31,			September 30,			December 31,
(Dollars in thousands, except ratios)	2010			2010			2010			2009			2009			2009

Allowance for Credit Losses

Allowance for loan losses, beginning of period	$	118,343		$	117,806		$	115,092		$	116,352		$	111,222		$	103,757
Provision for loan losses noncovered		18,108			20,366			25,493			29,960			23,887			98,433
Charge-offs		25,817			24,967			26,195			34,232			21,819			99,713
Recoveries		5,894			5,138			3,416			3,012			3,062			12,615

Net charge-offs		19,923			19,829			22,779			31,220			18,757			87,098

Allowance for loan losses, end of period	$	116,528		$	118,343		$	117,806		$	115,092		$	116,352		$	115,092

Reserve for unfunded lending commitments, beginning of period	$	6,812		$	6,337		$	5,751		$	4,470		$	6,054		$	6,588
Provision for credit losses		1,052			475			586			1,281			(1,584	)		(837	)

Reserve for unfunded lending commitments, end of period	$	7,864		$	6,812		$	6,337		$	5,751		$	4,470		$	5,751


Allowance for Credit Losses	$	124,392		$	125,155		$	124,143		$	120,843		$	120,822		$	120,843


Ratios (a)

Provision for loan losses as a % of average loans		1.06	%		1.20	%		1.52	%		1.71	%		1.34	%		1.38	%
Provision for credit losses as a % of average loans		0.06	%		0.03	%		0.03	%		0.07	%		-0.09	%		-0.01	%
Net charge-offs as a % of average loans		1.17	%		1.15	%		1.36	%		1.79	%		1.05	%		1.22	%
Allowance for loan losses as a % of period-end loans		1.72	%		1.75	%		1.72	%		1.68	%		1.66	%		1.58	%
Allowance for credit losses as a % of period-end loans		1.84	%		1.85	%		1.82	%		1.77	%		1.72	%		1.66	%
Allowance for loan losses as a % of nonperforming loans		111.00	%		119.62	%		105.14	%		125.55	%		147.60	%		125.55	%
Allowance for credit losses as a % of nonperforming loans		118.49	%		126.51	%		110.80	%		131.82	%		153.27	%		131.82	%

Asset Quality (a)

Impaired loans:
Nonaccrual	$	91,646		$	84,535		$	94,798		$	74,033		$	63,357		$	74,033
Other nonperforming loans:
Nonaccrual		13,331			14,394			17,245			17,639			15,474			17,639


Total nonperforming loans		104,977			98,929			112,043			91,672			78,831			91,672

Other real estate (“ORE”)		10,290			10,852			11,277			9,329			10,050			9,329


Total nonperforming assets (“NPAs”)	$	115,267		$	109,781		$	123,320		$	101,001		$	88,881		$	101,001


NPAs as % of period-end loans + ORE		1.70	%		1.62	%		1.80	%		1.48	%		1.26	%		1.39	%


Past due 90 days or more & accruing interest	$	36,895		$	36,932		$	21,099		$	35,025		$	27,764		$	35,025


(a)		Excludes acquired loans and loss share receivable with a period end balance of $2.5 billion, $2.6 billion and $.6 million at September 30, 2010, June 30,2010 and March 31, 2010, respectively, and ORE covered by an FDIC loss share with a period end balance of $53.5 million, $50.5 million and $22.8 million at September 30, 2010, June 30, 2010 and March 31, 2010, respectively, which, as required by current accounting guidance, were recorded at fair value on the date of acquisition.

Page 12


FIRSTMERIT CORPORATION NONINTEREST INCOME AND NONINTEREST EXPENSE DETAIL


(Unaudited)
(Dollars in thousands)	2010		2010		2010		2009		2009
QUARTERLY OTHER INCOME DETAIL	3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr

Trust department income	$	5,469	$	5,574	$	5,281	$	5,374	$	5,081
Service charges on deposits		16,859		17,737		15,366		16,568		16,782
Credit card fees		12,532		12,242		11,558		12,049		11,711
ATM and other service fees		2,996		2,844		2,509		2,730		2,935
Bank owned life insurance income		3,219		2,886		5,652		4,524		3,216
Investment services and insurance		2,688		2,535		1,928		2,322		2,498
Investment securities gains, net		58		651		—		1,934		2,925
Loan sales and servicing income		4,006		2,975		3,237		2,947		3,881
Gain on George Washington acquisition		—		—		1,041		—		—
Other operating income		7,308		5,765		3,328		4,253		2,538


Total Other Income	$	55,135	$	53,209	$	49,900	$	52,701	$	51,567


	2010		2010		2010		2009		2009
QUARTERLY OTHER EXPENSES DETAIL	3rd Qtr		2nd Qtr		1st Qtr		4th Qtr		3rd Qtr

Salaries, wages, pension and employee benefits	$	58,930	$	51,899	$	48,156	$	45,748	$	43,351
Net occupancy expense		8,608		7,680		7,140		5,631		5,739
Equipment expense		7,330		6,735		6,050		6,445		5,847
Taxes, other than federal income taxes		1,680		2,236		1,938		1,593		1,646
Stationery, supplies and postage		2,865		2,696		2,693		2,414		2,167
Bankcard, loan processing and other costs		8,281		7,663		7,818		8,215		7,548
Advertising		2,488		2,407		1,592		1,510		1,635
Professional services		8,544		7,845		5,237		6,098		3,980
Telephone		1,561		1,267		1,133		1,039		1,010
Amortization of intangibles		1,006		669		234		87		86
Hedge termination		—		—		—		3,877		—
FDIC expense		5,267		4,416		3,765		3,160		2,298
Other operating expense		14,110		10,210		8,257		9,068		8,858


Total Other Expenses	$	120,670	$	105,723	$	94,013	$	94,885	$	84,165

Page 13


FIRSTMERIT CORPORATION AND SUBSIDIARIES ALLOWANCE FOR LOAN LOSSES — Net Charge-off Detail


	Quarters ended						Year ended			Nine months ended
(Unaudited)	September 30,						December 31,			September 30,
(Dollars in thousands)	2010			2009			2009			2010			2009

Allowance for loan losses — beginning of period	$	118,343		$	111,222		$	103,757		$	115,092		$	103,757
Loans charged off:
Commercial		10,704			7,208			39,685			26,541			21,892
Mortgage		1,153			1,455			4,960			4,194			3,693
Installment		8,154			7,135			31,622			25,389			23,060
Home equity		1,923			1,911			7,200			6,754			4,943
Credit cards		2,902			3,384			13,558			11,080			10,047
Leases		55			0			97			692			3
Overdrafts		926			726			2,591			2,329			1,843

Total		25,817			21,819			99,713			76,979			65,481

Recoveries:
Commercial		503			90			890			1,305			521
Mortgage		138			41			270			201			260
Installment		3,946			2,104			8,329			9,044			6,527
Home equity		481			99			494			1,182			295
Credit cards		600			514			1,710			1,681			1,289
Manufactured housing		36			37			171			122			122
Leases		2			6			57			240			53
Overdrafts		188			171			694			673			536

Total		5,894			3,062			12,615			14,448			9,603


Net charge-offs		19,923			18,757			87,098			62,531			55,878
Provision for loan losses noncovered		18,108			23,887			98,433			63,967			68,473

Allowance for loan losses — end of period	$	116,528		$	116,352		$	115,092		$	116,528		$	116,352


Average loans (a)	$	6,781,123		$	7,057,021		$	7,152,845		$	6,802,363		$	7,227,077

Ratio to average loans (a):
(Annualized) net charge-offs		1.17	%		1.05	%		1.22	%		1.23	%		1.03	%

Provision for loan losses		1.06	%		1.34	%		1.38	%		1.26	%		1.27	%

Loans, period-end (excluding acquired loans) (a)	$	6,776,098		$	7,029,648		$	6,835,425		$	6,776,098		$	7,029,648

Allowance for credit losses (a):	$	124,392		$	120,822		$	120,843		$	124,392		$	120,822

As a multiple of (annualized) net charge-offs		1.57			1.62			1.39			1.49			1.62

Allowance for loan losses (a):
As a percent of period-end loans		1.72	%		1.66	%		1.68	%		1.72	%		1.66	%

As a multiple of (annualized) net charge-offs		1.47			1.56			1.32			1.39			1.56


(a)		Excludes acquired loans and loss share receivable.

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