BSU hoops star turned bank CEO talks leadership tips, that UNLV game and making moves

The IBJ Podcast

Back in 1990, Mark Hardwick had a courtside seat on the Ball State University bench for one of the most memorable games in March Madness history. Those were heady times for the redshirt freshman from tiny Dunkirk, Indiana, and a few years later he would have his chance to start in an NCAA tournament game for Ball State. But it’s the former squad from 1990 that came within a basket of defeating one of the greatest teams in college basketball history and has since been enshrined in the BSU Athletics Hall of Fame.

But Hardwick’s journey as a distinguished alum continues. In early 2021, he was named CEO of Muncie-based First Merchants Bank after more than two decades as an executive for the institution, including a 19-year run as chief financial officer. Over the course of his tenure at First Merchants, the bank’s assets have increased from $1 billion to $18 billion, and its employee base has grown from 200 to 2,100 in its operations over four states.

Hardwick has lived the vast majority of his life either in Muncie or just outside Muncie, but in April 2023 he moved to Carmel. He’ll be working out of the new Indianapolis regional headquarters for First Merchants, the former headquarters building of Duke Realty Corp. The bank purchased the building for a bargain $18 million after Duke was acquired 2022. In this week’s edition of the IBJ Podcast, Hardwick and host Mason King of course tip things off by talking college hoops and the basketball lessons Hardwick now uses to preach business principles. He discusses the philosophy behind buying the Duke building in the Keystone at the Crossing area and why Muncie remains the bank’s corporate home base although most of the executives work in Indianapolis. And he dives into his passions for making lists of his goals and for developing leadership skills for himself and bank employees.

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