FirstMerit Partners with Paychex and SurePayroll to Broaden Payroll Solutions for Customers

AKRON, Ohio, Aug. 25, 2015 /PRNewswire/ -- FirstMerit Corporation (Nasdaq: FMER) announced today that its wholly owned subsidiary FirstMerit Bank, N.A. is partnering with Paychex and its wholly owned subsidiary SurePayroll to provide a wide variety of payroll solutions to the bank's business and commercial customers. In addition to full-service payroll administration, customers can take advantage of time and labor management, HR administration, and insurance services (i.e., workers' compensation).

"With this partnership, FirstMerit branch managers and Business bankers will be able to offer customers an additional solution to help them run and grow their business," said Michael Cheravitch, Core Business Banking Director. "FirstMerit Bank has entered into this agreement with Paychex as both companies' core values focus on providing personal local delivery of financial-related services."

FirstMerit Core Business Bankers will engage in joint calling efforts with Paychex representatives to provide holistic solutions to customers and prospects. In addition to the payroll services, this partnership also provides depository and lending solutions to help businesses operate and grow their business.

"By leveraging the breadth of services available from Paychex and SurePayroll, we're confident that we can provide a wide variety of business solutions ranging from simplified payroll to complex human resource solutions," said Mark Bottini, Paychex Senior Vice President of Sales. "This partnership represents an important relationship for our company, as the size and footprint of FirstMerit presents the opportunity for us to grow our business significantly in the banking space."

About Paychex

Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 40 years of industry expertise, Paychex serves approximately 590,000 payroll clients across 100 locations and pays one out of every 15 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.

About FirstMerit

FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio, with assets of approximately $25.3 billion as of June 30, 2015, and 367 banking offices and 399 ATM locations in Ohio, Michigan, Wisconsin, Illinois and Pennsylvania. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its core operations. Principal affiliates include: FirstMerit Bank, N.A. and FirstMerit Mortgage Corporation. For more information, visit us at firstmerit.com.

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SOURCE FirstMerit Corporation

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