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Stock impact report

Detroit man charged with robbing banks in Ann Arbor, Ferndale [CBS News]

First Merchants Corporation (FRME) 
Last first merchants corporation earnings: 4/23 08:00 am Check Earnings Report
Company Research Source: CBS News
On Nov. 11, Ferndale police responded to the First Merchants Bank, located at 22635 Woodward Avenue, around 1:10 p.m. for a report of a robbery. Bank employees told police that a man entered the bank with a note demanding money from a teller. The man made off with approximately $400. No one was injured during the robbery. Ferndale police say the suspect, later identified as Alvin Myron Murray, allegedly robbed an Ann Arbor bank on Nov. 7. Murray was arrested on Nov. 13. Police say Murray allegedly robbed a bank in Mt. Clemens just before his arrest. "Our investigators worked quickly, collaborating with Ann Arbor PD, Southfield PD, and the Oakland County Gang and Violent Crime Task Force to track down and arrest the suspect. This is another great example of interagency cooperation. Once again, ALPR technology proved valuable in identifying and locating our suspect," said Ferndale Police Chief Dennis Emmi in a statement. Murray was arraigned Friday on one count of bank robbery Show less Read more
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