|      |                                                                          |
|------|--------------------------------------------------------------------------|
| [  ] | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |

|      |                                                 |
|------|-------------------------------------------------|
| [  ] | Fee paid previously with preliminary materials. |

|      |                                                                                                                                                                                                                                                                                      |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [  ] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.  Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |

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|     |                                                                                                                              |
|-----|------------------------------------------------------------------------------------------------------------------------------|
| (1) | To elect three directors, to hold office for terms of three years and until their successors are duly elected and qualified. |

|     |                                                                                                                                            |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | To vote on an advisory, nonbinding resolution to approve the compensation of First Merchants Corporation’s named executive officers. |

|     |                                                                                        |
|-----|----------------------------------------------------------------------------------------|
| (3) | To ratify the appointment of the firm of BKD, LLP as the independent auditor for 2015. |

|     |                                                                          |
|-----|--------------------------------------------------------------------------|
| (4) | To transact such other business as may properly come before the meeting. |

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|         |                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | By Internet - Shareholders who received a notice regarding the availability of proxy materials may submit proxies over the Internet by following the instructions on the notice. Shareholders who received a paper or electronic copy of a proxy card may submit proxies over the Internet by following the instructions on the proxy card. |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | By Telephone - Shareholders who live in the United States or Canada may submit proxies by telephone by calling toll-free 1-800-690-6903 on a touch-tone telephone and following the instructions. Shareholders who received a notice regarding the availability of proxy materials should have the notice in hand when calling, and shareholders who received a paper or electronic copy of a proxy card should have the proxy card in hand when calling. |

|         |                                                                                                                                                                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | By Mail - Shareholders who received a paper or electronic copy of a proxy card may submit proxies by mail by completing, signing and dating the proxy card and mailing it in the postage-paid envelope we have provided or by returning it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. |

|                                       |
|---------------------------------------|
|                                       |  |  |  |
| Name and Address of Beneficial Owners | Amount and Nature of Beneficial Ownership |   | Percent of Class |
|                                  |   |   |   |
| Wellington Management Group LLP       | 3,047,992(1) | ..................................... | 8.07% |
| 280 Congress Street                   |   |   |   |
| Boston, MA  02210                     |   |   |   |
|                                  |   |   |   |
| Dimensional Fund Advisors LP          | 2,845,590(2) | ..................................... | 7.54% |
| Palisades West, Building One          |   |   |   |
| 6300 Bee Cave Road                    |   |   |   |
| Austin, TX  78746                     |   |   |   |
|                                  |   |   |   |
| BlackRock, Inc.                       | 2,421,762(3) | ..................................... | 6.41% |
| 55 East 52nd Street                   |   |   |   |
| New York, NY 10022                    |   |   |   |

|     |                                                                                                                                                                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Based on a Schedule 13G filing with the SEC, Wellington Management Group LLP is an investment advisor in accordance with Rule 13(d)-1(b)(1)(ii)(E) under the Securities Exchange Act of 1934. Wellington Management Group LLP shares voting and/or dispositive power over the shares. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Based on a Schedule 13G filing with the SEC, Dimensional Fund Advisors LP is an investment advisor in accordance with Rule 13(d)-1(b)(1)(ii)(E) under the Securities Exchange Act of 1934. It furnishes investment advice to four investment companies registered under the Investment Advisors Act of 1940 and serves as investment manager to certain other commingled funds, group trusts and separate accounts. These investment companies, trusts and accounts are the “Funds.” In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an advisor or sub-advisor to certain Funds. In its role as investment advisor, sub-advisor and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, “Dimensional”) may possess voting and/or investment power over the shares of FMC |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Based on a Schedule 13G filing with the SEC, BlackRock, Inc. is a parent holding company in accordance with Rule 13(d)-1(b)(1)(ii)(G) under the Securities Exchange Act of 1934. It is the parent holding company of six subsidiaries, BlackRock Institutional Trust Company, N.A., BlackRock Fund Advisors, BlackRock Asset Management Canada Limited, BlackRock Advisors, LLC, BlackRock Investment Management, LLC, and BlackRock International Limited that are the beneficial owners and possess voting and investment power over these shares of FMC common stock. |

|                                  |
|----------------------------------|
|                                  |  |  |
| Beneficial Owner                 | Amount and Nature of Beneficial Ownership | Percent of Class |
| Michael R. Becher                | 9,503(1) | * |
| Roderick English                 | 20,151(2) | * |
| F. Howard Halderman              | 3,537(3) | * |
| William L. Hoy                   | 30,537(4) | * |
| Gary J. Lehman                   | 28,840(5) | * |
| Michael C. Rechin                | 140,422(6) | * |
| Charles E. Schalliol             | 52,419(7) | * |
| Patrick A. Sherman               | 36,582(8) | * |
| Terry L. Walker                  | 50,127(9) | * |
| Jean L. Wojtowicz                | 30,132(10) | * |
| Robert R. Connors                | 44,683(11) | * |
| Stephan H. Fluhler               | 14,536(12) | * |
| Mark K. Hardwick                 | 106,183(13) | * |
| John J. Martin                   | 23,265(14) | * |
| Michael J. Stewart               | 57,156(15) | * |
| Directors and Executive          |   |  |
| Officers as a Group (17 persons) | 696,995(16) | 1.83% |

|     |                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes 4,153 Restricted Shares and 4,500 shares that Mr. Becher has the right to acquire by exercising Vested Options. |

|     |                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes 4,558 Restricted Shares and 9,128 shares that Mr. English has the right to acquire by exercising Vested Options. |

|     |                                                                                                                             |
|-----|-----------------------------------------------------------------------------------------------------------------------------|
| (3) | Includes 1,730 Restricted Shares and 1,500 shares that Mr. Halderman has the right to acquire by exercising Vested Options. |

----

|     |                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------|
| (4) | Includes 4,558 Restricted Shares, and 10,157 shares that Mr. Hoy has the right to acquire by exercising Vested Options. |

|     |                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------|
| (5) | Includes 4,558 Restricted Shares and 6,000 shares that Mr. Lehman has the right to acquire by exercising Vested Options. |

|     |                                                                                                                                                                                            |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Includes 20,072 Restricted Shares, 4,000 shares held jointly by Mr. Rechin with his spouse, Debra Rechin, and 63,300 shares that he has the right to acquire by exercising Vested Options. |

|     |                                                                                                                              |
|-----|------------------------------------------------------------------------------------------------------------------------------|
| (7) | Includes 8,093 Restricted Shares and 13,628 shares that Mr. Schalliol has the right to acquire by exercising Vested Options. |

|     |                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------|
| (8) | Includes 5,441 Restricted Shares and 9,000 shares that Mr. Sherman has the right to acquire by exercising Vested Options. |

|     |                                                                                                                                                                                                |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | Includes 5,441 Restricted Shares, 33,372 shares held jointly by Mr. Walker with his spouse, Cheryl L. Walker, and 11,314 shares that he has the right to acquire by exercising Vested Options. |

|      |                                                                                                                              |
|------|------------------------------------------------------------------------------------------------------------------------------|
| (10) | Includes 5,441 Restricted Shares and 13,628 shares that Ms. Wojtowicz has the right to acquire by exercising Vested Options. |

|      |                                                                                                                                                                                            |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (11) | Includes 4,871 Restricted Shares, 11,025 shares held jointly by Mr. Connors with his spouse, Ann Connors, and 24,700 shares that he has the right to acquire by exercising Vested Options. |

|      |                                                                                                                           |
|------|---------------------------------------------------------------------------------------------------------------------------|
| (12) | Includes 2,396 Restricted Shares and 3,700 shares that Mr. Fluhler has the right to acquire by exercising Vested Options. |

|      |                                                                                                                                                                                                   |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (13) | Includes 15,490 Restricted Shares, 446 shares held by Mr. Hardwick’s spouse, Catherine Hardwick, and 42,500 shares that Mr. Hardwick has the right to acquire by exercising Vested Options. |

|      |                                                                                                                           |
|------|---------------------------------------------------------------------------------------------------------------------------|
| (14) | Includes 10,700 Restricted Shares and 5,000 shares that Mr. Martin has the right to acquire by exercising Vested Options. |

|      |                                                                                                                             |
|------|-----------------------------------------------------------------------------------------------------------------------------|
| (15) | Includes 15,490 Restricted Shares and 23,500 shares that Mr. Stewart has the right to acquire by exercising Vested Options. |

|      |                                                                                                                                                                    |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (16) | Includes 119,872 Restricted Shares and 262,805 shares that the directors and executive officers as a group have the right to acquire by exercising Vested Options. |

----

|                                            |
|--------------------------------------------|
|                                            |  |
| Class III (Terms expire 2018):             |   |
| Michael R. Becherage 61Director since 2012 | Mr. Becher was the Managing Partner of the Indianapolis office of Deloitte & Touche LLP (“Deloitte”) for more than 20 years, until his retirement in June 2012. Deloitte is the largest professional services organization in the United States. While he was the Managing Partner, Deloitte experienced significant growth in the Indianapolis market. Mr. Becher also held other global, national and regional leadership positions during his more than 30-year career with Deloitte. As an audit partner, Mr. Becher served public and private companies in industries such as financial services, retail and manufacturing, and tax-exempt organizations. Since 2013, Mr. Becher has been a Strategic Advisor to Krieg DeVault LLP, an Indianapolis-based, business-focused law firm, in business development. He chairs the Board of Trustees of Marian University and is a member of the Board of Trustees of the Indianapolis Symphony. Among the qualifications Mr. Becher brings to the Board are his accounting and financial expertise acquired through his professional training as an accountant, his understanding of the financial services industry derived from auditing companies in that industry, including risk management, regulatory and compliance issues, and his management experience as the head of a large office of a Big Four accounting firm where he and his colleagues provided professional services to large public companies as well as smaller private businesses. The Company also benefits from Mr. Becher’s experience serving on a number of audit committees. He serves on the Board’s Audit and Nominating and Governance Committees, and the Board has determined that he is an “audit committee financial expert” within the meaning of Item 407(d)(5) of SEC Regulation S-K. Mr. Becher resides in the Indianapolis metropolitan area, one of FMC’s high growth markets. |

|                                         |
|-----------------------------------------|
|                                         |  |
| William L. Hoyage 66Director since 2007 | Mr. Hoy is the CEO of Columbus Sign Company, Columbus, Ohio, a custom sign and graphic fabricator that has served central Ohio and beyond for more than 100 years and is one of Ohio’s largest full-service sign companies. Columbus Sign’s business encompasses all phases of signage production including interior and exterior sign design, fabrication and installation. Mr. Hoy has headed Columbus Sign for the past 25 years. He is also the managing partner and co-owner of M&B Properties, a real estate partnership based in Columbus that owns the property where Columbus Sign is located. Before joining the FMC Board, Mr. Hoy served as a founding director of Commerce National Bank (“Commerce”), which FMC acquired in 2002 as its initial entrée into the Columbus, Ohio market. Mr. Hoy continued as a Commerce director until FMC merged all of its subsidiary bank charters into First Merchants Bank, N. A. in 2009. Mr. Hoy has been a member of the Board of Directors of the Columbus Zoo and Aquarium, one of America’s leading zoos, for many years; and he has served as the Chair of that Board.Among the qualifications Mr. Hoy brings to the Board are his background and experience gained as the CEO of a well-established business and as a Columbus civic leader. He provides the Board a unique perspective as a small business owner, as an entrepreneur and as a long-time director of Commerce, dating back to its founding in 1991 and continuing after its acquisition by FMC in 2002. Mr. Hoy is the only member of the Board who is based in the Columbus, one of FMC’s high growth markets. The Company is committed to expanding its footprint in Columbus, and it took an important step in this direction in January 2015, announcing that it had entered into a definitive agreement to acquire Columbus-based Cooper State Bank. Mr. Hoy serves on the Board’s Compensation and Human Resources Committee. |

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|                                             |
|---------------------------------------------|
|                                             |  |
| Patrick A. Shermanage 67Director since 2009 | Mr. Sherman is a certified public accountant and a partner in the accounting firm of Sherman & Armbruster LLP, Greenwood, Indiana, which he co-founded more than 30 years ago. He is also a part owner and officer of several small businesses located in the Indianapolis metropolitan area and elsewhere. Mr. Sherman is also a member of the Board of Directors and Executive Committee of the Johnson County Development Corp., a nonprofit private/public partnership providing economic development services for companies throughout Johnson County, Indiana. He was a director of Lincoln Bancorp (“Lincoln”) from 2005 until its acquisition by FMC in 2009. Mr. Sherman chaired Lincoln’s Audit and Compliance Committees. From 1997 to 2005, Mr. Sherman served as the Vice Chair of the Board of Directors and Chair of the Audit Committee of Heartland Community Bank. Among the qualifications Mr. Sherman brings to the Board are his professional financial expertise and his familiarity with small business gained from operating his own small companies in addition to providing accounting services to many other businesses. Mr. Sherman chairs the Board’s Audit Committee. The Company benefits from his service in this capacity, not only because of his professional training as an accountant but also due to his prior experience chairing the audit committees of two other financial institutions. The Board has determined that he is an “audit committee financial expert” within the meaning of Item 407(d)(5) of SEC Regulation S-K. Mr. Sherman is the only member of the Board who resides and works in the southern half of the Indianapolis metropolitan area, one of FMC’s high growth markets. |

|                                              |
|----------------------------------------------|
|                                              |  |
| Class I (Terms expire 2016):                 |   |
| F. Howard Haldermanage 48Director since 2013 | Mr. Halderman is the President and CEO of Halderman Farm Management Service, Inc. (“HFMS”), which provides management services for agricultural properties from coast to coast; Halderman Real Estate Services, Inc. (“HRES”), which buys and sells farm real estate through private transactions and public auctions and performs certified farm appraisals, primarily in Indiana, Ohio and Michigan; and Halderman Real Asset Management, LLC (“HRAM”), which provides asset management services to large institutional clients and others owning tangible assets throughout the agricultural industry, focusing on U. S. agricultural real estate. Mr. Halderman joined HFMS in 1988 and succeeded his father as President and CEO in 2000. Mr. Halderman co-founded HRES with his father in 1990, and he became the CEO of that company in 2012. HRAM began in 2011 as a division of HRES and was converted to a separate company in 2013 when it became a Registered Investment Advisor with the SEC. HFMS and HRES are based in Wabash, Indiana; and HRAM is headquartered in Indianapolis.Among the qualifications Mr. Halderman brings to the Board are his years of experience and depth of knowledge in the farm/agricultural real estate marketplace throughout the Eastern Corn Belt, which includes the FMC market. Agricultural lending is an important segment of the Company’s business, and Mr. Halderman is the only FMC director who possesses special expertise in this field. His vast network of contacts within the agricultural community in Indiana and nationally benefits the Company. Mr. Halderman is also an experienced owner and manager of a successful third-generation family-owned business that is located in one of the Company’s significant rural markets. Mr. Halderman serves on the Board’s Risk and Credit Policy Committee. |

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|                                            |
|--------------------------------------------|
|                                            |  |
| Michael C. Rechinage 56Director since 2005 | Mr. Rechin has served as the Company’s President and CEO since 2007. In 2009, when FMC merged its four banking subsidiaries under one charter, Mr. Rechin was also appointed the President and CEO of First Merchants Bank, N.A., the surviving subsidiary bank. Mr. Rechin was first employed by the Company in 2005, as its Executive Vice President and Chief Operating Officer. For 23 years before he joined FMC, Mr. Rechin held senior management positions with National City Bank (“National City”), a super regional bank that was acquired by PNC Bank three years after Mr. Rechin left National City. Mr. Rechin was the manager of National City’s Indiana operations from 1995 until he joined FMC in 2005. As the Company’s CEO, Mr. Rechin is principally responsible for providing leadership and strategic direction to the Company. He works closely with the Chair of the Board in carrying out these responsibilities, and he serves as the chief liaison between the Board and senior management. Because of the roles he serves, it is essential that he be a member of the Board. In addition to his leadership, strategic and management skills, Mr. Rechin brings other qualifications to the Board, including his broad knowledge of the banking and financial services industry acquired during his nearly 35 years of service in executive and senior management positions in that industry. Mr. Rechin resides in the Indianapolis metropolitan area, one of FMC’s high growth markets. |

|                                               |
|-----------------------------------------------|
|                                               |  |
| Charles E. Schalliolage 67Director since 2004 | Mr. Schalliol is a Senior Advisor in the Indianapolis office of the international law firm, Faegre Baker Daniels, LLP. He provides consulting services to several major companies, including to the Customized Fund Investment Group of Grosvenor Securities LLC, on global infrastructure funds. Mr. Schalliol is a director of three venture capital funds, and he is a director of the Purdue Research Foundation and the Indiana University Research and Technology Corporation, which are dedicated to enhancing those Universities’ research and development capabilities, promoting entrepreneurship, and creating new Indiana-based companies. He chairs the Board of Directors of the Indiana Secondary Market for Education Loans, Inc., a nonprofit corporation that is Indiana’s designated provider of student loan services.  He served as the Director of the Indiana Office of Management and Budget (“OMB”) and as the Chief Financial Officer for the State of Indiana from 2004 to 2007, in the administration of Indiana Governor Mitch Daniels. As OMB Director, he was responsible for the State’s budgets and financial operations, including its pension funds, as well as agencies that had more than 2,000 state employees. Before heading the OMB, Mr. Schalliol served as the first President and CEO of BioCrossroads, an economic development organization focused on life sciences companies; and he previously held executive positions with Eli Lilly and Company, a leading worldwide pharmaceuticals company, in the areas of strategic planning, investment banking and business development. Mr. Schalliol was the founder and managing director of three Lilly venture funds. Among the qualifications Mr. Schalliol brings to the Board are his executive leadership abilities and experience as the head of major, complex public and private entities, his financial acumen, his entrepreneurial skills as evidenced by his primary role in forming successful new businesses and venture capital funds, and his knowledge of risk management, regulatory and compliance issues gained from his legal training and public service. Mr. Schalliol is the Chair of the FMC Board. He also chairs the Board’s Compensation and Human Resources Committee and serves on its Nominating and Governance and Risk and Credit Policy Committees. He resides in the Indianapolis metropolitan area, one of FMC’s high growth markets.Mr. Schalliol is also a director of Heritage-Crystal Clean, Inc., a NASDAQ company, where he chairs the Compensation Committee and serves on the Audit and Nominating & Governance Committees. |

----

|                                            |
|--------------------------------------------|
|                                            |  |
| Terry L. Walkerage 68  Director since 2006 | Mr. Walker is the retired Chair and CEO of Muncie Power Products, Inc. (“Muncie Power”), which is headquartered in Muncie, Indiana, where FMC’s principal office is located. Together, Muncie Power and its parent, Interpump Group, S.p.A., an Italy-based public company, are the world’s largest manufacturer of power take-offs. They serve the truck equipment market by manufacturing and distributing mobile power components and systems, including hydraulic gear pumps, hydraulic reservoirs and other specialty products in addition to power take-offs. Mr. Walker retired from Muncie Power in December 2011, after serving seven years as the CEO and 34 years as an executive employee of that company. Mr. Walker is a certified public accountant and was a member of the accounting firm, Whitinger & Company, before joining Muncie Power. Among the qualifications Mr. Walker brings to the Board are his leadership skills and management experience gained as the CEO and in other executive positions with an international company. He also provides accounting and financial expertise acquired through his professional training as an accountant. The Board has determined that Mr. Walker is an “audit committee financial expert” within the meaning of Item 407(d)(5) of SEC Regulation S-K. Mr. Walker chairs the Board’s Nominating and Governance Committee, and he also serves on its Risk and Credit Policy and Audit Committees. Mr. Walker resides in Muncie, Indiana, the location of the Company’s principal office and one of its largest markets. |

|                                           |
|-------------------------------------------|
|                                           |  |
| Class II (Terms expire 2017):             |   |
| Roderick Englishage 63Director since 2005 | Mr. English has served as the Manager of the Operations Review Office of the Defense Finance and Accounting Services Office of the U. S. Department of Defense since 2010. His management responsibilities include leading audit teams in performing audit readiness reviews of human resources operational processes to ensure regulatory compliance, accuracy of processing, appropriate maintenance of records and files, and process efficiencies. Mr. English was the President and CEO of The James Monroe Group, LLC, a provider of business management and consulting services from 2006 to 2012. His firm helped clients develop strategic business plans, top grade management personnel, expand their core business to achieve sustainable growth, and improve operational efficiencies and reduce waste. From 1994 to 2006, Mr. English was the Senior Vice President, Human Resources and Communications, of Remy International, Inc. (“Remy”), a worldwide manufacturer of automotive products. At Remy, Mr. English provided leadership and direction for all of Remy’s human resources initiatives, including in the areas of acquisitions, mergers and divestitures. Prior to 1994, Mr. English held several management positions with the Delco Remy Division of General Motors, including plant manager of one of its manufacturing plants and manager of its labor relations.  Among the qualifications Mr. English brings to the Board are his expertise and experience with large-scale human resources operations and issues, including regulatory and compliance matters. He is the only FMC director who has spent most of his professional career specializing in this field, and he shares his understanding of this area as a member of the Board’s Compensation and Human Resources Committee. The Company also benefits from Mr. English’s management and strategic planning skills and his international business experience. As an African-American, Mr. English adds to the Board’s diversity, which the Company believes significantly benefits the Board, the Company and the shareholders. Mr. English currently resides in the Indianapolis metropolitan area, one of FMC’s high growth markets; and he resided for many years in Anderson, Indiana, another important FMC market. |

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|                                         |
|-----------------------------------------|
|                                         |  |
| Gary J. Lehmanage 62Director since 2011 | Mr. Lehman is a director of Oerlikon Leybold Vacuum USA Inc., and, from 2012 to 2014, he was the President of Oerlikon USA Holdings, Inc. Both companies are part of the Oerlikon Group (“Oerlikon”), a leading global technology company based in Switzerland that focuses on providing market-leading technologies and services for surface solutions, manmade fibers manufacturing, drive systems and vacuum pumps and components in growth markets. From 2010 to 2012, Mr. Lehman was the CEO of Oerlikon’s Drive Systems segment. This segment includes Fairfield Manufacturing Company Inc. (“Fairfield”), Lafayette, Indiana, the largest independent gear manufacturer in the United States, which Oerlikon acquired in 2007. When Oerlikon acquired Fairfield, Mr. Lehman was Fairfield’s President and CEO, and he continued in this position until 2012 and as Fairfield’s Chair until 2014. In 2002, Mr. Lehman co-founded and was a Managing Director of The Cannelton Group (“Cannelton”), a provider of operations and financial assistance to private equity and closely held manufacturing firms. He has again become a Managing Director of Cannelton in 2015. Prior to 2002, Mr. Lehman was President and CEO of Philips Lighting Electronics NA and Advance Transformer, a wholly owned subsidiary of Philips Electronics NV; and Senior Vice President of Worldwide Operations and General Manager of the Body Systems Division of ITT Automotive. Mr. Lehman is a member of the Purdue University Board of Trustees and has served on the Indiana Commission for Higher Education.  Among the qualifications Mr. Lehman brings to the Board are his extensive and varied business and executive leadership skills and experience gained as the CEO of companies that compete in global, high technology markets. FMC also benefits from his insights gained from integrating business units of a major international company, including issues involving operations and risk management. Mr. Lehman serves on the Board’s Compensation and Human Resources Committee. He resides in Lafayette, Indiana, one of FMC’s principal markets. |

|                                            |
|--------------------------------------------|
|                                            |  |
| Jean L. Wojtowiczage 57Director since 2004 | Ms. Wojtowicz is the President and CEO of Cambridge Capital Management Corp. (“Cambridge”), an Indianapolis-based manager of nontraditional sources of capital for businesses. Since Ms. Wojtowicz founded the company in 1983, Cambridge has provided more than $530 million to more than 1,300 businesses in the manufacturing, service and retail sectors. Cambridge manages the Indiana Statewide Certified Development Corporation, which provides fixed-asset financing to small businesses; the Indiana Community Business Credit Corporation, a consortium of financial institutions that pool money to provide loans to businesses in a growth stage; and Lynx Capital Corporation, which provides debt financing to minority-owned companies. Cambridge is also the general partner of Cambridge Ventures L.P., a licensed small business investment company. Ms. Wojtowicz is one of the seven individuals appointed by the Governor of Indiana as a Member of the Indiana Department of Financial Institutions, the agency responsible for supervising financial institutions incorporated in Indiana. She is also a member of the Indianapolis Airport Authority Board of Directors, which operates the Indianapolis International Airport and five general aviation airports in the Indianapolis metropolitan area. Ms. Wojtowicz authors frequent articles and columns for the Indianapolis Business Journal, Hoosier Banker, and other business and financial publications.Among the qualifications Ms. Wojtowicz brings to the Board are her knowledge of the banking and financial services industry, her business and financial acumen, and her expertise in risk management and compliance. The Indiana Chamber of Commerce named Ms. Wojtowicz the “2011 Business Leader of the Year” because of her significant contributions to the state’s economy and workforce by connecting small businesses with funding options and vital entrepreneurial advice. As a female, Ms. Wojtowicz adds to the Board’s diversity, which the Company believes |

----

|  |
|--|
|  |  |
|  | significantly benefits the Board, the Company, and the shareholders. Ms. Wojtowicz chairs the Board’s Risk and Credit Policy Committee and also serves on its Audit Committee. The Board has determined that she is an “audit committee financial expert” within the meaning of Item 407(d)(5) of SEC Regulation S-K. She resides in the Indianapolis metropolitan area, one of FMC’s high growth markets.Ms. Wojtowicz is also a director of Vectren Corporation, a New York Stock Exchange company, where she chairs the Compensation and Benefits Committee and serves on the Audit Committee; First Internet Bancorp, a NASDAQ company, where she chairs the Audit Committee (Ms. Wojtowicz is also a director of that company’s banking subsidiary, First Internet Bank of Indiana); and American United Mutual Insurance Holding Company, where she chairs the Audit Committee and serves on the Executive Committee.  |

----

----

|         |                                                            |
|---------|------------------------------------------------------------|
| • | the integrity of the Company’s financial statements; |

|         |                                                                        |
|---------|------------------------------------------------------------------------|
| • | the Company’s compliance with legal and regulatory requirements; |

|         |                                                                                     |
|---------|-------------------------------------------------------------------------------------|
| • | the Company’s independent accountants’ qualifications and independence; |

|         |                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------|
| • | the performance of the Company’s independent accountants and internal audit function; and |

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | the Company’s compliance with its ethical requirements. |

----

|         |                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | developing and recommending to the Board the appropriate size and structure of the Board and its standing committees, as well as the qualifications for serving on these committees; |

----

|         |                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | annually reviewing the composition of the Board as a whole, including the balance of independence, business expertise, experience, diversity and other desired qualities; |

|         |                                                              |
|---------|--------------------------------------------------------------|
| • | maintaining up-to-date criteria for selecting Board members; |

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | reviewing the credentials of individuals suggested as prospective directors; |

|         |                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------|
| • | nominating individuals to serve as members of the Board, including the annual slate of directors for election by the shareholders; |

|         |                                        |
|---------|----------------------------------------|
| • | nominating the Board’s officers; |

|         |                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | overseeing the Company’s compliance with laws and regulations that relate to its governance structure and processes, including those of the SEC and NASDAQ; |

|         |                                                                                    |
|---------|------------------------------------------------------------------------------------|
| • | reviewing compliance with the nonemployee director FMC stock ownership guidelines; |

|         |                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | providing for and promoting director continuing education and periodic self-assessments of the Board’s and Board Committees’ effectiveness; |

|         |                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | reviewing and making recommendations to the Board concerning FMC’s Code of Conduct, Code of Ethics for Financial Management, Regulation O Insider Lending Restrictions Policy, Insider Trading Policy and Section 16a Reporting Procedures; and |

|         |                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------|
| • | receiving and making recommendations to the Board regarding shareholder proxy initiatives, if any. |

|         |                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------|
| • | ethical character and sharing of the Company’s values as reflected in its mission and vision statements; |

|         |                                                                                                |
|---------|------------------------------------------------------------------------------------------------|
| • | personal and professional reputation consistent with the Company’s reputation and image; |

|         |                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| • | superior credentials, accomplishments and recognition in the nominee’s field, with demonstrated sound business judgment; |

|         |                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | in general, experience as a current or former CEO or in a comparable leadership position with a public company or other complex business or organization, which may include an educational, governmental, scientific or other nonprofit entity; |

|         |                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | ability and willingness to devote sufficient time to carry out duties and responsibilities of Board membership and to commit to serve on the Board for several years in order to gain knowledge of the Company’s principal business and operations; |

----

|         |                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | ability and willingness to acquire and hold shares of the Company’s stock in accordance with Board-established guidelines, to assure that the nominee’s financial interests are aligned with those of other shareholders; |

|         |                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | relevant expertise and experience - in particular, financial acumen - and ability and willingness to offer advice and guidance to the Company’s CEO and other senior management based on that expertise and experience while working cooperatively with other directors and management; |

|         |                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | for nonemployee directors, independence, within the meaning of applicable SEC regulations and NASDAQ Listing Rules; also by avoiding conflicts or appearances of conflicts of interest and by ability to objectively appraise management performance, represent shareholder interests and remain independent of any particular constituency; |

|         |                                                                                                                                                                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | together with other directors, possession of attributes that contribute to a diverse and complementary Board, with diversity reflecting gender, ethnicity, educational, professional and/or managerial backgrounds and experience, and other relevant considerations; |

|         |                                                                   |
|---------|-------------------------------------------------------------------|
| • | willingness to assist the Company in developing new business; and |

|         |                                                 |
|---------|-------------------------------------------------|
| • | residence in FMC’s market coverage areas. |

----

|         |                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------|
| • | maintains a clear understanding and working knowledge of the principal risks inherent in the Company’s activities; |

|         |                                                                               |
|---------|-------------------------------------------------------------------------------|
| • | assigns the oversight of each risk type to a standing committee of the Board; |

|         |                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | guides management in defining the Company’s risk thresholds, appetite and profiles while taking into consideration its strategic goals, objectives, markets and macro-economic conditions; |

|         |                                                                                                                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | establishes risk thresholds and monitors them not less than quarterly (including specific limitations on the authority of management above which the Board or a standing committee of the Board retains exclusive authority); |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | establishes specific measures which delineate the level and trend of principal risks and their potential impact on the Company; |

|         |                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | evaluates the impact of changes to risk thresholds prior to any modification, after consideration of changes in market conditions, the Company’s strategy, and associated risk assessments; |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | monitors emerging risks to the Company and how management will monitor, manage and mitigate those risks on a proactive basis; and |

|         |                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | performs duties and responsibilities enumerated and consistent with the Committee’s charter and considers enterprise risk in relation to the Company’s potential for growth and increase in shareholder value. |

----

|         |                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------|
| • | establishing the Company’s general compensation philosophy in consultation with senior management; |

|         |                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | overseeing the development and implementation of policies and programs to carry out the Company’s general compensation philosophy; |

|         |                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | periodically reviewing and evaluating the effectiveness of the Company’s compensation policies and programs in light of its general compensation philosophy and making any modifications that the Committee deems necessary or advisable; |

|         |                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | reviewing the performance of and approving the compensation and benefits to be paid to the CEO and other executive officers and senior management employees of the Company and the Regional Presidents and CEOs of its subsidiaries; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | reviewing the performance and approving the compensation and benefits to be paid to the senior management employees of FMC’s subsidiaries and approving the compensation ranges and benefits for the other officers and employees of the Company and its subsidiaries (a responsibility which the Committee may delegate all or part of to the Company’s CEO and/or the Regional Presidents and CEOs of the Company’s subsidiaries); |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | administering the Company’s incentive compensation plans, equity-based compensation plans, and deferred compensation plans; |

|         |                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | making recommendations to the Board concerning the adoption, amendment or termination of incentive compensation plans, equity-based compensation plans, and deferred compensation plans; |

|         |                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | regularly monitoring risk exposure with respect to the Company’s incentive compensation plans and other executive compensation plans to assure that risks remain within established limits, that steps are taken to mitigate these risks where appropriate, and that significant risk exposures are brought to the attention of the Board; |

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | reviewing annually executive change of control and severance agreements; and |

|         |                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------|
| • | reviewing and making recommendations to the Board regarding the compensation of the nonemployee directors. |

----

----

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | Michael C. Rechin, President and Chief Executive Officer; |

|         |                                                                         |
|---------|-------------------------------------------------------------------------|
| • | Mark K. Hardwick, Executive Vice President and Chief Financial Officer; |

|         |                                                                         |
|---------|-------------------------------------------------------------------------|
| • | Michael J. Stewart, Executive Vice President and Chief Banking Officer; |

|         |                                                                    |
|---------|--------------------------------------------------------------------|
| • | John J. Martin, Executive Vice President and Chief Credit Officer; |

|         |                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------|
| • | Stephan H. Fluhler, Senior Vice President and Chief Information Officer (commencing May 2014); and |

|         |                                                                                          |
|---------|------------------------------------------------------------------------------------------|
| • | Robert R. Connors, Senior Vice President and Chief Information Officer (until May 2014). |

----

|         |                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | maintaining a competitive compensation program to attract, retain and motivate high-performing, qualified executives; |

|         |                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | providing performance-based incentive compensation that is directly related to the Company’s financial performance and individual contributions to that performance; |

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | strengthening the alignment between management effort and business strategy; and |

|         |                                                                                     |
|---------|-------------------------------------------------------------------------------------|
| • | linking compensation to factors which affect short and long-term stock performance. |

----

|                                          |
|------------------------------------------|
|                                          |  |
| 1st Source Corporation                   | MainSource Financial Group, Inc. |
| Chemical Financial Corporation           | MB Financial Inc. |
| Community Trust Bancorp, Inc             | National Penn Bancshares, Inc. |
| F. N. B. Corporation                     | Old National Bancorp |
| First Busey Corporation                  | Park National Corporation |
| First Commonwealth Financial Corporation | Pinnacle Financial Partners, Inc. |
| First Financial Bancorp                  | Republic Bancorp, Inc. |
| First Midwest Bancorp, Inc.              | S & T Bancorp, Inc. |
| Heartland Financial USA, Inc.            | S. Y. Bancorp, Inc. |
| Independent Bank Corporation             |  |

----

|         |                                                                                                                                                                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Compensation and Human Resources Committee receives formal assessments, approximately annually, from the Company’s Senior Vice President and Chief Risk Officer, Jeffrey B. Lorentson, of the risks posed by the executive compensation plans and how to limit these risks. The Committee discusses, evaluates and reviews these assessments with Mr. Lorentson. |

|         |                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------|
| • | Executive compensation is a mix of cash and equity, fixed and variable compensation, and annual and long-term incentives. |

|         |                                                                                                                                                                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Senior Management Incentive Compensation Program (the “SMICP”), the nonequity incentive compensation plan covering the NEOs and other management employees, caps the NEOs’ incentive award payouts at 200% of target for the earnings per share metric, and less for other metrics. |

|         |                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The SMICP has tiered goals and award levels, with narrower bands or increments, not “all or nothing” goals or larger bands or increments. |

|         |                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The SMICP has a “clawback” provision under which the Company may recover a payment made to an executive officer if the payment is based on a materially inaccurate financial statement. |

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | The Company has a written policy prohibiting senior managers from engaging in hedging or short sales of FMC stock. |

|         |                                                                                                                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Long-term Equity Incentive Plan (the “LTEIP”), the equity incentive plan covering the NEOs and other management employees, provides that stock option grants will generally not vest for two years and restricted stock awards will not vest for three years. |

|         |                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The LTEIP also provides that executive officers must hold approximately 25% of the shares awarded to them under the Plan until their death, retirement, termination of employment, or change of control. |

|         |                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The LTEIP also states that executive officers are expected to acquire and hold FMC stock at least equal to their then current annual salary within six years of commencing participation in the Plan. |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | The Company does not have employment or severance agreements with its NEOs, thus avoiding multi-year guaranteed employment terms. |

|         |                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | None of FMC’s compensation programs include tax gross-ups, single trigger change of control agreements, or extravagant executive perquisites. |

|         |                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company periodically engages a compensation consultant to review FMC’s executive salaries and compensation programs to ensure they are competitive but not overly generous. |

|         |                                                                                                                                                                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company has an Ethics and Integrity Policy, monitored by the Audit Committee, under which employees and others may raise concerns regarding accounting, internal controls, or auditing matters. It includes the option to anonymously report conduct and matters covered by the Policy through a toll-free ethics hotline operated by an outside company. |

----

----

----

----

----

----

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |
| Name and Principal Position              | Year | Salary | Stock Awards(1) | Option Awards(1) | Non-equity Incentive Plan Compensation(2) | Change in Pension Value and Non-Qualified Deferred Compensation Earnings(3) | All Other Compensation(4) | Total |
|                                     |   |   |   |   |   |   |   |   |
| Michael C. Rechin                        | 2012 | $372,500 | $179,804 | $51,374 | $259,819 | $0 | $111,832 | $975,329 |
|   President and Chief          | 2013 | 385,601 | 153,200 | 26,600 | 208,225 | 0 | 134,931 | 908,557 |
|   Executive Officer            | 2014 | 399,420 | 197,492 | 0 | 215,683 | 0 | 156,101 | 968,696 |
|                                     |   |   |   |   |   |   |   |   |
| Mark K. Hardwick                         | 2012 | 269,936 | 135,138 | 28,970 | 169,000 | 8,431 | 25,988 | 637,463 |
|   Executive Vice President     | 2013 | 282,935 | 122,560 | 10,640 | 135,809 | 0 | 22,306 | 574,250 |
|   and Chief Financial Officer  | 2014 | 293,043 | 146,592 | 0 | 140,659 | 18,122 | 24,993 | 623,409 |
|                                     |   |   |   |   |   |   |   |   |
| Michael J. Stewart                       | 2012 | 266,369 | 133,431 | 28,970 | 165,149 | 0 | 33,524 | 627,173 |
|   Executive Vice President     | 2013 | 276,192 | 122,560 | 10,640 | 132,572 | 0 | 32,750 | 574,714 |
|   and Chief Banking Officer    | 2014 | 286,077 | 146,592 | 0 | 137,317 | 0 | 24,953 | 594,939 |
|                                     |   |   |   |   |   |   |   |   |
| John J. Martin                           | 2012 | 197,981 | 63,728 | 0 | 89,721 | 0 | 16,383 | 367,813 |
|   Executive Vice President and | 2013 | 216,154 | 84,260 | 0 | 83,976 | 0 | 19,410 | 403,800 |
|   Chief Credit Officer         | 2014 | 228,888 | 101,800 | 0 | 109,865 | 0 | 21,728 | 462,281 |
|                                     |   |   |   |   |   |   |   |   |
| Stephan H. Fluhler                       | 2014 | 181,235 | 20,360 | 0 | 63,120 | 9,684 | 14,017 | 288,416 |
|   Senior Vice President and    |   |   |   |   |   |   |   |   |
|   Chief Information Officer(5) |   |   |   |   |   |   |   |   |
|                                     |   |   |   |   |   |   |   |   |
| Robert R. Connors                        | 2012 | 206,433 | 25,605 | 0 | 87,816 | 9,387 | 20,918 | 350,159 |
|   Senior Vice President and    | 2013 | 211,016 | 22,980 | 0 | 70,268 | 0 | 18,260 | 322,524 |
|   Chief Information Officer(5) | 2014 | 185,772 | 20,360 | 0 | 60,412 | 21,090 | 18,764 | 306,398 |

|     |                                                                                                                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | A discussion of the assumptions used in calculating these values is contained in Note 20 to the 2014 audited financial statements, on page 88 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. |

|     |                                                                                                                                                                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The amounts shown in the Nonequity Incentive Plan Compensation column are payments under the SMICP for performance in the years indicated. However, the NEOs received these payments in February of the following year. None of the NEOs received a bonus for 2012, 2013 or 2014 except for these payments under the SMICP. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The amounts shown in the Change in Pension Value and Nonqualified Deferred Compensation Earnings column for Mr. Hardwick, Mr. Fluhler and Mr. Connors are the changes in the actuarial present value of their frozen benefits under the Pension Plan for the years indicated. The present values of Mr. Hardwick’s and Mr. Connors’ benefits decreased by $8,388 and $3,689, respectively, in 2013; however, SEC rules require that these amounts be shown as $0 in the Summary Compensation Table. Mr. Rechin, Mr. Stewart and Mr. Martin have not participated in any Company-sponsored defined benefit plan or other actuarial |

----

|     |                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------|
| (4) | The amounts shown in the All Other Compensation column include the following for the years indicated: |

----

|     |                                                                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Mr. Connors retired as Chief Information Officer in May 2014 and became Executive Director of Facilities Management. Mr. Fluhler succeeded Mr. Connors as Chief Information Officer in May 2014. |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |
|               |   | Estimated future payouts under non-equity incentive plan awards(1) | All other stock awards: Number of shares of stock | Grant date fair value ofstock awards |
| Name               | Grant Date | Threshold | Target | Maximum |
|               |   |   |   |   |   |   |
| Michael C. Rechin  | -- | $0 | $179,739 | $359,478 |   |   |
|               |   |   |   |   |   |   |
|               | 2/11/14 |   |   |   | 9,700 | 197,492 |
|               |   |   |   |   |   |   |
| Mark K. Hardwick   | -- | 0 | 117,217 | 234,434 |   |   |
|               |   |   |   |   |   |   |
|               | 2/11/14 |   |   |   | 7,200 | 146,592 |
|               |   |   |   |   |   |   |
| Michael J. Stewart | -- | 0 | 114,431 | 228,862 |   |   |
|               |   |   |   |   |   |   |
|               | 2/11/14 |   |   |   | 7,200 | 146,592 |
|               |   |   |   |   |   |   |
| John J. Martin     | -- | 0 | 91,555 | 183,110 |   |   |
|               |   |   |   |   |   |   |
|               | 2/11/2014 |   |   |   | 5,000 | 101,800 |
|               |   |   |   |   |   |   |
| Stephan H. Fluhler | -- | 0 | 54,371 | 100,586 |   |   |
|               |   |   |   |   |   |   |
|               | 2/11/14 |   |   |   | 1,000 | 20,360 |
|               |   |   |   |   |   |   |
| Robert R. Connors  | -- | 0 | 55,732 | 103,103 |   |   |
|               |   |   |   |   |   |   |
|               | 2/11/2014 |   |   |   | 1,000 | 20,360 |

|     |                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The amounts shown in the Estimated Future Payouts under Nonequity Incentive Plan Awards column were the range of payouts to the NEOs for targeted performance for 2014 under the SMICP. The payments made to the NEOs for 2014 performance under the SMICP are shown in the Nonequity Incentive Plan Compensation column of the Summary Compensation Table on page 29. |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               | Option Awards | Stock Awards |
| Name               | Number ofSecuritiesUnderlyingUnexercisedOptions(Exercisable) | Number ofSecuritiesUnderlyingUnexercisedOptions(1)(Unexercisable) | Option Exercise Price | OptionExpirationDate | Number ofShares or Unitsof Stock ThatHave NotVested(2) | Market Valueof Shares orUnits of StockThat Have NotVested |
|               |   |   |   |   |   |   |
| Michael C. Rechin  | 10,000 |  |   |  | $25.90 |  | 11/21/15 | 36,372 |  |  | $827,452 |  |
|               | 8,000 |  |   | 25.14 |  | 2/10/16 |   |   |
|               | 12,000 |  |   | 26.31 |  | 2/8/17 |   |   |
|               | 15,000 |  |   | 28.25 |  | 2/27/18 |   |   |
|               | 13,300 |  |   | 11.38 |  | 2/23/22 |   |   |
|               |   | 5,000 |  | 15.32 |  | 2/19/23 |   |   |
|               |   |   |   |   |   |   |
| Mark K. Hardwick   | 10,000 |  |   | 26.70 |  | 9/1/15 | 27,740 |  | 631,093 |  |
|               | 7,000 |  |   | 25.14 |  | 2/10/16 |   |   |
|               | 8,000 |  |   | 26.31 |  | 2/8/17 |   |   |
|               | 8,000 |  |   | 28.25 |  | 2/27/18 |   |   |
|               | 8,000 |  |   | 11.14 |  | 2/24/19 |   |   |
|               | 7,500 |  |   | 11.38 |  | 2/23/22 |   |   |
|               |   | 2,000 |  | 15.32 |  | 2/19/23 |   |   |
|               |   |   |   |   |   |   |
| Michael J. Stewart | 6,000 |  |   | 25.44 |  | 1/29/18 | 27,586 |  | 627,572 |  |
|               | 8,000 |  |   | 11.14 |  | 2/24/19 |   |   |
|               | 7,500 |  |   | 11.38 |  | 2/23/22 |   |   |
|               |   | 2,000 |  | 15.32 |  | 2/19/23 |   |   |
|               |   |   |   |   |   |   |
| John J. Martin     | 2,000 |  |   | 11.14 |  | 2/24/19 | 16,477 |  | 374,852 |  |
|               | 2,000 |  |   | 5.89 |  | 2/25/20 |   |   |
|               | 1,000 |  |   | 9.20 |  | 2/11/21 |   |   |
|               |   |   |   |   |   |   |
| Stephan H. Fluhler | 3,200 |  |   | 26.70 |  | 9/1/15 | 4,253 |  | 96,753 |  |
|               | 500 |  |   | 9.20 |  | 2/11/21 |   |   |
|               |   |   |   |   |   |   |
| Robert R. Connors  | 8,000 |  |   | 26.70 |  | 9/1/15 | 4,871 |  | 110,808 |  |
|               | 4,000 |  |   | 25.14 |  | 2/10/16 |   |   |
|               | 4,500 |  |   | 26.31 |  | 2/8/17 |   |   |
|               | 3,000 |  |   | 28.25 |  | 2/27/18 |   |   |
|               | 3,000 |  |   | 11.14 |  | 2/24/19 |   |   |
|               | 2,000 |  |   | 9.20 |  | 2/11/21 |   |   |

|     |                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------|
| (1) | The vesting dates of the option awards that had not vested at the end of the 2014 fiscal year are as follows: |

|     |                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------|
| (2) | The vesting dates of the stock awards that had not vested at the end of the 2014 fiscal year are as follows: |

----

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |
| Name                                  | Option awards |   | Stock awards |
| Number of Shares Acquired on Exercise | Value Realized on Exercise(1) |   | Number of Shares Acquired on Vesting | Value Realized on Vesting(2) |
| Michael C. Rechin                     | 20,000 |  | $213,400 |   | 16,363 |  |  | $333,144 |  |
| Mark K. Hardwick                      | — |  | — |  |   | 11,249 |  | 229,037 |  |
| Michael J. Stewart                    | — |  | — |  |   | 11,249 |  | 229,037 |  |
| John J. Martin                        | — |  | — |  |   | 4,091 |  | 83,286 |  |
| Stephan H. Fluhler                    | — |  | — |  |   | 1,636 |  | 33,314 |  |
| Robert R. Connors                     | — |  | — |  |   | 2,045 |  | 41,643 |  |

----

|     |                                                                                                                                                                                                                                                          |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The value realized on exercise was computed by multiplying the number of shares acquired on exercise by the difference between the market value of the shares ($21.81/share) and the exercise price ($11.14/share) on the exercise date, March 19, 2014. |

|     |                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The value realized on vesting was computed by multiplying the number of shares that vested by the market value of the shares ($20.36/share) on the vesting date, February 11, 2014. |

|                    |
|--------------------|
|                    |  |  |  |  |
| Name               | Plan name | Number of years credited service (1) | Present value of accumulated benefit(2) | Payments during last fiscal year |
| Michael C. Rechin  | N/A | N/A | N/A | N/A |
| Mark K. Hardwick   | FMC Retirement Pension Plan | 7.32 | $55,309 | $0 |
| Michael J. Stewart | N/A | N/A | N/A | N/A |
| John J. Martin     | N/A | N/A | N/A | N/A |
| Stephan H. Fluhler | FMC Retirement Pension Plan | 4.76 | 30,787 | 0 |
| Robert R. Connors  | FMC Retirement Pension Plan | 2.50 | 114,702 | 0 |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Mr. Rechin, Mr. Stewart and Mr. Martin are not participants in the Pension Plan, because they were not employed by the Company on March 1, 2005, when the Pension Plan was frozen.  Mr. Hardwick, Mr. Fluhler and Mr. Connors are participants in the Pension Plan, but their benefits were frozen, effective March 1, 2005, because they had not yet attained age 55 and accrued 10 years of credited service as of that date. Their years of credited service under the plan are one fewer than their number of actual years of service with the Company when the Plan was frozen. Mr. Connors has attained age 65, and he is currently eligible for normal retirement under the Pension Plan. Neither Mr. Hardwick nor Mr. Fluhler is currently eligible for normal or early retirement under the Pension Plan. |

|     |                                                                                                                                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The assumptions used in calculating the present value of accumulated benefits are discussed in Note 21 to FMC’s 2014 audited financial statements, on page 91 of FMC’s Annual Report on Form 10-K for the year ended December 31, 2014. |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name               | Plan name(1) | Executive Contributions in Last Fiscal year(2)(3) | Company's contributions in last fiscal year(2)(3) | Aggregate Earnings in Last Fiscal Year | Aggregate Withdrawals/ Distributions | Aggregate Balance at Fiscal Year End |
| Michael C. Rechin  | SERP | 0 |  |  | $128,515 |  |  | $43,790 |  | 0 |  | $572,487 |  |
|               |   |   |   |   |   |   |
| Michael C. Rechin  | EDCP | 133 |  | 3,014 |  | 243 |  | 0 | 3,390 |  |
|               |   |   |   |   |   |   |
| Mark K. Hardwick   | EDCP | 14,903 |  | 3,404 |  | 4,185 |  | 0 | 42,722 |  |
|               |   |   |   |   |   |   |
| Michael J. Stewart | EDCP | 3,016 |  | 3,111 |  | 3,835 |  | 0 | 18,925 |  |
|               |   |   |   |   |   |   |
| John J. Martin     | EDCP | 0 |  | 0 |  | 0 |  | 0 | 0 |  |
|               |   |   |   |   |   |   |
| Stephan H. Fluhler | EDCP | 0 |  | 0 |  | 0 |  | 0 | 0 |  |
|               |   |   |   |   |   |   |
| Robert R. Connors  | EDCP | 22,428 |  | 3,100 |  | 3,628 |  | 0 | 61,735 |  |

|     |                                                                                                                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The “SERP” is the First Merchants Corporation Defined Contribution Supplemental Executive Retirement Plan; and the “EDCP” is the First Merchants Corporation 2011 Executive Deferred Compensation Plan. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Mr. Rechin is currently the only participant in the SERP. No amount is shown for Mr. Rechin in the Executive contributions in last fiscal year column for the SERP because participants may not make contributions to their accounts under that Plan. The amount shown for Mr. Rechin in the Company contributions in last fiscal year column for the SERP is the amount, equal to 12% of Mr. Rechin’s compensation, credited by the Company to his deferred benefit account for 2014 (but paid in early 2015). This amount is also reported as compensation to Mr. Rechin in the Summary Compensation Table on page 29, in the column headed “All Other Compensation.” |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Mr. Rechin, Mr. Hardwick, Mr. Stewart and Mr. Connors participated in the EDCP in 2014. The EDCP also has other participants besides the NEOs. The amounts shown for the NEOs in the Executive contributions in last fiscal year column for the EDCP were either amounts deferred by the NEOs in 2014 or nonelective contributions equal to deferred amounts that were refunded to the NEOs in 2014 under the §401(k) Plan, or both. The amounts shown for the NEOs in the Company’s contributions in last fiscal year column for the EDCP were nonelective contributions equal to matching contributions that were refunded to the NEOs in 2014 under the §401(k) Plan. These matching contributions were reported as compensation to the NEOs in the Summary Compensation Table in the proxy statement for the 2014 annual meeting of shareholders. |

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|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |
| Name               | Multiplier | Severance Benefit Amount | Bargain Element Values of Outstanding Stock Options | Estimated Values of Insurance Coverages for Two years |
| Michael C. Rechin  | 299% |  | $1,839,158 |  |  | $188,371 |  |  | $29,607 |  |
| Mark K. Hardwick   | 299% | 1,296,769 |  | 193,015 |  | 28,901 |  |
| Michael J. Stewart | 299% | 1,265,948 |  | 193,015 |  | 28,854 |  |
| John J. Martin     | 299% | 1,012,871 |  | 70,490 |  | 26,463 |  |
| Stephan H. Fluhler | 150% | 366,533 |  | 6,775 |  | 10,055 |  |
| Robert R. Connors  | 150% | 384,060 |  | 61,930 |  | 27,745 |  |

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|                        |
|------------------------|
|                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Name                   | Fees Earned or paid in cash | Stock awards(1)(2) | Option awards(1)(2) | All other compensation(3) | Total |
|                   |   |   |   |   |   |
| Michael R. Becher      |  | $30,046 |  |  | $29,954 |  |  | $12,199 |  |  | $968 |  |  | $73,167 |  |
| Roderick English       | 30,046 |  | 29,954 |  | 12,199 |  | 1,508 |  | 73,707 |  |
| Jo Ann M. Gora         | 15,029 |  | 14,971 |  | 0 |  | 710 |  | 30,710 |  |
| F. Howard Halderman(4) | 30,046 |  | 29,954 |  | 12,199 |  | 265 |  | 72,464 |  |
| William L. Hoy(4)      | 30,046 |  | 29,954 |  | 12,199 |  | 1,508 |  | 73,707 |  |
| Gary J. Lehman(4)      | 30,046 |  | 29,954 |  | 12,199 |  | 1,478 |  | 73,677 |  |
| Charles E. Schalliol   | 50,040 |  | 49,960 |  | 12,199 |  | 2,798 |  | 114,997 |  |
| Patrick A. Sherman     | 35,060 |  | 34,940 |  | 12,199 |  | 1,823 |  | 84,022 |  |
| Terry L. Walker        | 35,060 |  | 34,940 |  | 12,199 |  | 1,826 |  | 84,025 |  |
| Jean L. Wojtowicz      | 35,060 |  | 34,940 |  | 12,199 |  | 1,843 |  | 84,042 |  |

|     |                                                                                                       |
|-----|-------------------------------------------------------------------------------------------------------|
| (1) | The grant date fair values of the quarterly restricted stock awards to the directors were as follows: |

|                    |
|--------------------|
|                    |  |
| March 31, 2014     | $21.64/share |
| June 30, 2014      | 21.14/share |
| September 30, 2014 | 20.21/share |
| December 31, 2014  | 22.75/share |

|     |                                                                                                                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The aggregate number of stock awards that had not vested under the Equity Compensation Plan for Nonemployee Directors and the aggregate number of option awards outstanding under the LTEIP at the end of the 2014 fiscal year for each director were as follows: |

|               |
|---------------|
|               |  |  |  |  |
|          | Non-Vested Stock Awards | Outstanding Option Awards |
| Mr. Becher    | 4,153 |  | 4,500 |  |
| Mr. English   | 4,558 |  | 9,128 |  |
| Dr. Gora      | 0 |  | 12,128 |  |
| Mr. Halderman | 1,730 |  | 1,500 |  |
| Mr. Hoy       | 4,558 |  | 10,157 |  |
| Mr. Lehman    | 4,558 |  | 6,000 |  |
| Mr. Schalliol | 8,093 |  | 13,628 |  |
| Mr. Sherman   | 5,441 |  | 9,000 |  |
| Mr. Walker    | 5,441 |  | 11,314 |  |
| Ms. Wojtowicz | 5,441 |  | 13,628 |  |

|     |                                                                                                                                                                                                                             |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The dollar amounts shown under “All Other Compensation” represent the dividends paid during 2014 on the stock awards to the nonemployee directors under the Equity Compensation Plan for Nonemployee Directors. |

|     |                                                                                                                                                                                                                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | In addition to their compensation for serving as FMC directors, Mr. Halderman received $6,500, Mr. Hoy received $7,000, and Mr. Lehman received $15,000 from FMC’s wholly-owned subsidiary bank, First Merchants Bank, N. A., for serving as a regional director of the Bank’s Eastern, Columbus and Lafayette Region, respectively, in 2014. |

|     |                                                                                      |
|-----|--------------------------------------------------------------------------------------|
| (5) | Dr. Gora retired as a director on May 12, 2014, the date of the 2014 Annual Meeting. |

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|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |
|               |   | 2013 |   | 2014 |
| Audit Fees         |   |  | $345,500 |  |   |  | $407,000 |  |
| Audit-Related Fees |   | 151,406 |  |   | 106,553 |  |
| Tax Fees           |   | 81,347 |  |   | 94,532 |  |
| All Other Fees     |   | 0 |  |   | 0 |  |
| Total Fees         |   |  | $578,253 |  |   |  | $608,085 |  |

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