News Release Details

MUNCIE, Ind.--(BUSINESS WIRE)-- First Merchants Corporation (Nasdaq: FRME) declared a cash dividend on May 18, 2010 of $0.01 per share, payable on June 21, 2010, to shareholders of record on June 7, 2010. For purposes of broker trading, the ex-date of the cash dividend is June 5, 2010.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation is comprised of First Merchants Bank, N.A., which also operates as Lafayette Bank & Trust, A Division of First Merchants Bank, N.A., Commerce National Bank, A Division of First Merchants Bank, N.A., as well as First Merchants Trust Company, N.A., and First Merchants Insurance Group, a full-service property casualty, personal lines, and healthcare insurance agency.

First Merchants Corporation’s common stock is traded over-the-counter on the NASDAQ National Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

Source: First Merchants Corporation

First Merchants Corporation

Mark K. Hardwick, 765-751-1857

Executive Vice President/Chief Financial Officer

http://www.firstmerchants.com