|  EXHIBIT 14.1                          CENTRUE FINANCIALCORPORATION      CODE OF ETHICS                      Approved by the Board of Directors February 18, 2010.    |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

|   | 1.     | We will conduct our personal and business dealings in accord with the letter, spirit, and intent of relevant laws and regulations.                                                                                                        |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                      |
|   | 2.     | We will act toward others in a manner in which we desire them to act toward us. We will not engage in any illegal, dishonest, or unethical conduct. We will follow the highest ethical standards.                                         |
|   |   |                                                                                                                                                                                                                                      |
|   | 3.     | We will accept individual responsibility for our actions without seeking refuge or anonymity behind Centrue Financial Corporation’s reputation or that of any smaller group acting on Centrue Financial Corporation’s behalf. |
|   |   |                                                                                                                                                                                                                                      |
|   | 4.     | We believe in providing fair and efficient service to our customers.                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                      |
|   | 5.     | We will treat our fellow employees like customers, giving them the same exceptional service that our outside customers receive.                                                                                                           |
|   |   |                                                                                                                                                                                                                                      |
|   | 6.     | We will be completely candid with our fellow employees in all business matters so that decisions will be reasonable and based upon all relevant facts.                                                                                    |

|   | /s/ Thomas A. Daiber          |   |
|--------|-------------------------------|--------|
|   | President & CEO           |   |
|   | Centrue Financial Corporation |   |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy |   |                                                                |   | Page Number |
|--------|--------|---------------------------------------------------------------------|--------|-------------|
|   |   |                                                                |   |        |
| CE.000 |   | Responsibilities of Employees                                       |   | 4           |
| CE.000 |   | General Philosophy                                                  |   | 6           |
| CE.001 |   | Bank Bribery Act                                                    |   | 8           |
| CE.010 |   | Compliance Certification                                            |   | 9           |
| CE.020 |   | Confidential Information                                            |   | 10          |
| CE.030 |   | Conflicts of Interest                                               |   | 11          |
| CE.040 |   | Directors’ Code of Ethics                                     |   | 14          |
| CE.050 |   | Dishonesty                                                          |   | 15          |
| CE.060 |   | Gifts, Fees, Legacies, and Investments                              |   | 16          |
| CE 065 |   | Purchasing                                                          |   | 18          |
| CE.070 |   | Outside Employment & Business Interests                         |   | 20          |
| CE.080 |   | Political Activity                                                  |   | 21          |
| CE.090 |   | Recordkeeping                                                       |   | 22          |
| CE.100 |   | Soft Dollar Arrangement                                             |   | 23          |
| CE.110 |   | Undue Influence                                                     |   | 24          |
| CE.120 |   | Insider Trading                                                     |   | 25          |
| CE.130 |   | Extensions of Credit                                                |   | 26          |
| CE.140 |   | Fair Dealing                                                        |   | 27          |
| CE.150 |   | Protection and Proper Use of Centrue Financial Corporation Property |   | 28          |
| CE.160 |   | Compliance With Laws, Rules, and Regulation                         |   | 29          |
| CE.170 |   | Reporting of Illegal or Unethical Behavior                          |   | 31          |
| CE.180 |   | Administration and Waiver of Code of Ethics                         |   | 33          |
| CE.190 |   | Misleading Financial Information                                    |   | 34          |
| CE.200 |   | Special Rules That Apply to Investment Officers                     |   | 35          |
| CE.210 |   | Senior Financial Officers’ Code of Ethics                     |   | 36          |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.000                        |
|------------|-------------------------------|
| Subject    | Responsibilities of Employees |
| Effective  | January 30, 2007              |
| Revised    | February 2010                 |

|   | 1.     | You must learn, understand, and comply with the various laws that are applicable to you in performing your duties on behalf of Centrue Financial Corporation. If you have doubt about what the law requires, you should ask your supervisor for an explanation.                                                                                                                                                                                                                              |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 2.     | As a community bank that provides exceptional customer service, we will treat all customers and suppliers in an honest, ethical, and fair manner. Customer satisfaction is a priority.                                                                                                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 3.     | Directors/officers/employees are prohibited from exercising undue influence over subordinates in situations that would not be in the best interest of Centrue Financial Corporation. Any such situation should be reported promptly to the President& CEO. If you become aware of a situation where you believe that the President & CEO is exercising undue influence, you should promptly report your finding to the Chairman of the Board or the Chairman of the Audit Committee. |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 4.     | Avoid situations where personal interests are, or appear to be, in conflict with those of Centrue Financial Corporation.                                                                                                                                                                                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 5.     | Safeguard and properly use Centrue Financial Corporation’s proprietary information, assets, and resources, as well as the proprietary information, financial information, assets, and resources of customers.                                                                                                                                                                                                                                                                          |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 6.     | Maintain confidentiality of non-public information and do not act on such information for personal gain. Acting on such information is not only a violation of this code, but would also be a violation of law.                                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 7.     | Exercise good judgment in making legal political contributions or in using political influence in your personal political activities.                                                                                                                                                                                                                                                                                                                                                        |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   | 8.     | Promptly report violations of the Code of Ethics to the President & CEO or if the violation involves the President & CEO then promptly report the situation to the Chairman of the Board or the Chairman of the Audit Committee. You may also report violations to the Human Resources Department or through the Company’s anonymous hotline.                                                                                                                                  |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

|   | To Submit an Anonymous Report Online:       |
|--------|---------------------------------------------|
|   |                                        | ● | Go to www.reportit.net. |
|   |                                        | ● | Click on Reportit.net and enter your company: |
|   |                                        |   |   | Username: XXXXXXXX |
|   |                                        |   |   | Password:  XXXXXXXX |
|   |                                        | ● | You will then enter your company’s web interface. |
|   |                                        | ● | Enter the report information and click SUBMIT. |
|   |                                        | ● | The latest in data encryption technology is used to protect your identity and report. |
|   |                                        | ● | Your company is alerted that a report has been made. |
|   |                                        |   |   |
|   | To Submit an Anonymous Report by Telephone: |
|   |                                        | ● | Call the toll free hotline number, XXXXXXXXXXXX |
|   |                                        | ● | Provide the company Username and Password (as above). |
|   |                                        | ● | A trained operator will guide you through a series of questions. |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.000             |
|------------|--------------------|
| Subject    | General Philosophy |
| Effective  | March 31, 2003     |
| Revised    | February 2010      |

|                                                    | ■ | Solicit for himself or herself or for a third party anything of value from anyone in return for any business, service, or confidential information of Centrue Financial Corporation; or                              |
|---------------------------------------------------------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                    | ■ | Accept anything of value (other than normal authorized compensation) from anyone in connection with the business of Centrue Financial Corporation, either before or after a transaction is discussed or consummated. |
|                                                    |    |                                                                                                                                                                                                                 |
| Employees, officers, and directors are prohibited from: |
|                                                    |
|                                                    | ■ | Personally benefiting from opportunities that are discovered through the use of Centrue Financial Corporation property, contacts, information, or position.                                                          |
|                                                    | ■ | Accepting employment or engaging in a business (including consulting or similar arrangements) that may conflict with the performance of your duties or Centrue Financial Corporation’s interest.               |
|                                                    | ■ | Soliciting, demanding, accepting, or agreeing to accept anything of value from any person in conjunction with the performance of your employment or duties at Centrue Financial Corporation.                         |
|                                                    | ■ | Acting on behalf of Centrue Financial Corporation in any transaction in which you or your immediate family has a significant direct or indirect financial interest.                                                  |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.000             |
|------------|--------------------|
| Subject    | General Philosophy |
| Page       | 2                  |

|                 | ■ | Accepting a gift in recognition of a commonly recognized event or occasion (such as a promotion, new job, wedding, retirement, or holiday). An award in recognition of service and accomplishment may also be accepted without violating these guidelines so long as the gift does not exceed $100 from any one individual in any calendar year. |
|----------------------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                 | ■ | Accepting something of value if the benefit is available to the general public under the same conditions on which it is available to you.                                                                                                                                                                                                        |
|                 | ■ | Accepting meals, refreshments, travel arrangements and accommodations, and entertainment of reasonable value in the course of a meeting or other occasion to conduct business.                                                                                                                                                                   |
|                 | ■ | Fostering business relations if the expense would be reimbursed by Centrue Financial Corporation as a business expense if the other party did not pay for it.                                                                                                                                                                                    |
|                 |    |                                                                                                                                                                                                                                                                                                                                             |
| This Code of Ethics: |
|                 |
|                 | ■ | Requires the highest standards for honest and ethical conduct, including proper and ethical procedures for dealing with actual or apparent conflicts of interest between personal and professional relationships.                                                                                                                                |
|                 | ■ | Requires full, fair, accurate, timely, and understandable disclosure in the periodic reports required to be filed by Centrue Financial Corporation with governmental and regulatory agencies.                                                                                                                                                    |
|                 | ■ | Requires compliance with applicable laws, rules, and regulations.                                                                                                                                                                                                                                                                                |
|                 | ■ | Addresses potential or apparent conflicts of interest and provides guidance for employees, officers, and directors to communicate those conflicts to Centrue Financial Corporation.                                                                                                                                                              |
|                 | ■ | Addresses misuse or misapplication of Centrue Financial Corporation property and corporate opportunities.                                                                                                                                                                                                                                        |
|                 | ■ | Requires the highest level of confidentiality and fair dealing within and outside the Centrue Financial Corporation environment.                                                                                                                                                                                                                 |
|                 | ■ | Requires reporting of any illegal behavior.                                                                                                                                                                                                                                                                                                      |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.001           |
|------------|------------------|
| Subject    | Bank Bribery Act |
| Effective  | January 20, 1997 |
| Revised    | January 29, 2009 |

BANK BRIBERY ACT

| 1.     | Whoever corruptly gives, offers, or promises anything of value to any person, with intent to influence or reward an officer, director, employee, agent, or attorney of a financial institution in connection with any business or transaction of such institution; or                                                                                            |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                             |
| 2.     | An officer, director, employee, agent, or attorney of a financial institution, corruptly solicits or demands for the benefit of any person, or corruptly accepts or agrees to accept anything of value from any person, intending to be influenced or rewarded in connection with any business or transaction of such institution shall be guilty of an offense. |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.010                   |
|------------|--------------------------|
| Subject    | Compliance Certification |
| Effective  | January 20, 1997         |
| Revised    | January 30, 2007         |

COMPLIANCE CERTIFICATION

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.020                   |
|------------|--------------------------|
| Subject    | Confidential Information |
| Effective  | January 20, 1997         |
| Revised    | February 8, 2008         |

|   | 1.     | Support credit decisions; and                                                                                          |
|--------|--------|------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                   |
|   | 2.     | Give assurances that source confidentiality will be protected and that the information is accurate and not misleading. |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.030                |
|------------|-----------------------|
| Subject    | Conflicts of Interest |
| Effective  | January 20, 1997      |
| Revised    | February 2010         |

|   | 1.     | The confidential nature of account relationships has been breached.                                                                                                                                                                                                                              |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                             |
|   | 2.     | Fiduciary responsibilities are handled in a less than prudent manner; business is done with Centrue Financial Corporation on the basis of friendship, family ties, the giving and receiving of gifts or vendor sponsored incentive contests, or to curry favor with some special interest group. |
|   |   |                                                                                                                                                                                                                                                                                             |
|   | 3.     | Centrue Financial Corporation’s name is used to enhance opportunities for others in their political, investment, or retail purchasing activities.                                                                                                                                          |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.030                |
|------------|-----------------------|
| Subject    | Conflicts of Interest |
| Page       | 2                     |

|   | 1.     | It should be understood that an officer or employee will withdraw from the directorship at such time as the Board feels it to be appropriate.                                                                                                                                                           |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                    |
|   | 2.     | The amount of time devoted to the activity shall not interfere with normal duties.                                                                                                                                                                                                                      |
|   |   |                                                                                                                                                                                                                                                                                                    |
|   | 3.     | The officer or employee involved will abstain from approving Centrue Financial Corporation extensions of credit to the organization.                                                                                                                                                                    |
|   |   |                                                                                                                                                                                                                                                                                                    |
|   | 4.     | Because of the conflict of interest, inside information, and possible trading problems, it is not appropriate for investment and fiduciary unit personnel and committee members to serve as directors of publicly owned companies. Any exception to this policy must receive the approval of the Board. |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.030                |
|------------|-----------------------|
| Subject    | Conflicts of Interest |
| Page       | 3                     |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.040                          |
|------------|---------------------------------|
| Subject    | Directors’ Code of Ethics |
| Effective  | January 20, 1997                |
| Revised    | January 29, 2009                |

| 1.     | Conflicts of Interest.  Disclose to the Chairman of the Board of Centrue Financial Corporation any actual or potential conflicts of interest as soon as the situation arises. (This includes disclosure of any material interest in the business of a borrower, an applicant, or other customer. It also includes any gift or monetary offers made for the purpose of influ­encing a Centrue Financial Corporation decision.) Directors are specifically required to divulge all conflict of interest situations to the Chairman and to thereafter abstain from voting (or influencing other votes) regarding the conflict. In addition, directors are not to use pressure or undue influence when discussing pending Company business with officers. Specifically, using undue influence on behalf of family, business associates, or close friends is prohibited.                                                                                                                                            |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 2.     | Arm’s Length Transaction.  Use only arm’s length transactions when buying, selling, or leasing assets or services to Centrue Financial Corporation. (It is Centrue Financial Corporation’s policy to contract for assets and services using only arm’s length transactions that are in the best interest of Centrue Financial Corporation. Directors are asked to honor this policy and to refrain from asking for special consideration as Centrue Financial Corporation contracts for assets or services.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| 3.     | Independence.  Centrue Financial Corporation and its subsidiary’s boards of directors consist of inside directors (directors who are also officers) and outside directors (directors who are not officers). Some of our directors have close associations with owners of large blocks of Company stock and others have no such association. Regardless of whether a director is an inside director or an outside director, and regardless of whether a director is associated with blocks of ownership stock or not, once elected to serve on the board of directors each director has a duty of independence. This means that each director, regardless of affiliations, has a legal and ethical duty of speaking, acting, and voting in accordance with the dictates of his or her conscience. Not only is this an ethical duty, it is a regulatory requirement, it is the conduct expected of each director, and it is the conduct that is in the best interests of the Company and its stakeholders. |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.050           |
|------------|------------------|
| Subject    | Dishonesty       |
| Effective  | January 20, 1997 |
| Revised    | February 8, 2008 |

| 1.     | Transfer amounts to or from their personal accounts from or to customers’ accounts;             |
|--------|-------------------------------------------------------------------------------------------------------|
|   |                                                                                                  |
| 2.     | Sign customers’ names to customer withdrawal slips, documents, drafts, checks, or money orders; |
|   |                                                                                                  |
| 3.     | Be an attorney in fact (Power of Attorney) for a customer who is not a close relative.                |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.060                                 |
|------------|----------------------------------------|
| Subject    | Gifts, Fees, Legacies, and Investments |
| Effective  | January 20, 1997                       |
| Revised    | February 8, 2008                       |

| 1.     | Employees should not accept a loan from a customer or supplier. This prohibition does not apply to loans from banks or other financial institutions on customary terms to finance proper credit needs. Upon request, key employees may be asked to report all their bor­rowings from other financial institutions to their respective Board of Directors.                                                                                                                                                                                                                                                                            |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 2.     | Employees should not accept a fee for per­forming any act that Centrue Financial Corporation could have performed.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 3.     | It is improper for employees to accept a gift from a customer or from any other person seeking a relationship with Centrue Financial Corporation. This rule does not apply to: (a) food, refreshments, or entertainment at luncheon or business meetings; (b) advertising or promotional material of nominal value; (c) awards from charitable organizations; or (d) gifts of nominal value given on special occasions such as Christmas. (Nominal value is a value that would be within the employee’s ability to reciprocate on a personal basis or with a legitimate claim for reimburse­ment under similar circumstances.) |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 4.     | Officers and employees, in their personal capacities, may give gifts at their expense to whomever they choose. However, all personnel are expected to consider the appearance of such action if the recipient is a customer, supplier, or government official, in addition to being a personal friend or acquaintance. The context of such action is important, and if the officer or employee believes his personal gift might be interpreted as consideration for an official or business favor, then something should be done to rebut this presumption and reinforce the personal nature of the gift.                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 5.     | Each director, officer and employee of Centrue Financial Corporation and any of its affiliates, must report any stock owned in another financial institution that operates in the same market area (as later defined) as Centrue Financial Corporation and any of its affiliates. The ownership of stock in another financial institution is not prohibited unless the Board of Directors determines that the individual’s ownership of the stock conflicts with the individual’s performance of service to Centrue Financial Corporation.                                                                                    |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.060                                 |
|------------|----------------------------------------|
| Subject    | Gifts, Fees, Legacies, and Investments |
| Page       | 2                                      |

|   | Centrue Financial Corporation’s market area is considered to be northwest Illinois, central Illinois, southern Illinois, metropolitan Chicago, western Indiana, and metropolitan St. Louis, Missouri.                                                                                                                                                                                                                                                                                     |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Ownership of stock in publicly traded banks, bank holding companies, or financial institutions is expressly permitted unless the individual owns more than ten percent of the stock or has influence over the management of the company.                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | Exceptions to this policy include stock acquired through inheritance, or gift. In addition, if an individual owns stock in a bank or bank holding company that has a branch in a county in which Centrue Financial Corporation or any of its affiliates opens a branch subsequent to the stock purchase, the individual would not be required to dispose of the subject stock. Bank or bank holding company stock owned or acquired in any of these ways would require disclosure to the Board. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 6.     | Employees should not sell or lease anything to a customer at a value in excess of its market value nor should he or she purchase or lease anything from a customer at a price below its market value. (Acceptance of discounts or rebates on merchandise is permitted if they are also available to other routine customers of the firm.)                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 7.     | An employee should refuse any legacy or be­quest from a customer. He or she should also refuse to serve personally as executor, trustee, or guardian of a customer’s estate or trust unless the customer is a close relative (i.e., a parent/guardian, child, spouse, sibling, aunt, uncle, in-law, or cousin).                                                                                                                                                                      |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 8.     | Employees should not indirectly perform any act that these rules prohibit directly. For example, it is just as wrong to arrange for a member of the family to re­ceive a gift as it is for the employee to accept the gift directly.                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 9.     | Speculative investing such as playing the commodities market, margin buying, short accounts, puts, calls, or combinations are not prudent for employees.                                                                                                                                                                                                                                                                                                                                        |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE. 065          |
|------------|------------------|
| Subject    | Purchasing       |
| Effective  | January 30, 2007 |
| Revised    | February 8, 2008 |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE. 065    |
|------------|------------|
| Subject    | Purchasing |
| Page       | 2          |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.070                                      |
|------------|---------------------------------------------|
| Subject    | Outside Employment & Business Interests |
| Effective  | January 20, 1997                            |
| Revised    | February 2010                               |

|   | ● | Securities/commodities brokerage                                                                                          |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------|
|   | ● | Insurance                                                                                                                 |
|   | ● | Practice of law                                                                                                           |
|   | ● | Accounting/bookkeeping                                                                                                    |
|   | ● | Financial, estate, or business planning                                                                                   |
|   | ● | Investment or debt counseling                                                                                             |
|   | ● | Any employment or activity in which confidential information is received or a fiduciary relationship is otherwise created |
|   | ● | Any entity which provides goods or services to Centrue Financial Corporation                                              |
|   | ● | Any entity which provides the same or similar services or products as those provided by Centrue Financial Corporation     |
|   | ● | Any other financial institution                                                                                           |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.080             |
|------------|--------------------|
| Subject    | Political Activity |
| Effective  | January 20, 1997   |
| Revised    | February 2010      |

| 1.     | Any contribution or expenditure of its funds either directly or indirectly to or for the benefit of, use of, in support or in opposition to, any political party, candidate, or political committee. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                 |
| 2.     | The use of its premises, equipment, or supplies by any political party candidate.                                                                                                                    |
|   |                                                                                                                                                                                                 |
| 3.     | The “loaning”, temporary assigning, or otherwise making available of any of its employees to, or for the use of, any political party, candidate, or political committee.                 |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.090           |
|------------|------------------|
| Subject    | Recordkeeping    |
| Effective  | January 20, 1997 |
| Revised    | February 2010    |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.100                                |
|------------|---------------------------------------|
| Subject    | “Soft Dollar” Arrangement |
| Effective  | January 20, 1997                      |
| Revised    | February 8, 2008                      |

| 1.     | Quarterly Report.  All Centrue Financial Corporation officers and employees shall, within ten (10) days after the end of each calendar quarter, report any “soft dollar” remuneration received by them during the preceding quarter. Such report shall identify the party providing the “soft dollar” remuneration, a description thereof, the date provided, and its value. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                      |
| 2.     | Review by Board of Directors.  Such report shall be submitted to and reviewed by the respective Board of Directors.                                                                                                                                                                                                                                                                                  |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.110           |
|------------|------------------|
| Subject    | Undue Influence  |
| Effective  | January 20, 1997 |
| Revised    | February 8, 2008 |

| 1.     | Where Undue Influence Is Suspected.  In situations where undue influence is suspected, the officer or employee handling the transaction should (a) attempt to independently ascertain whether the transferor understands the nature of the transaction and its consequences; (b) before executing or completing the transaction, consult with his or her immediate supervisor; and (c) consult with legal counsel. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 2.     | Report.  In all cases in which undue influence is sus­pected, the officer or employee involved shall promptly prepare a report detailing the relevant facts and circumstances and the action taken. This report shall be transmitted to the security officer.                                                                                                                                                 |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.120           |
|------------|------------------|
| Subject    | Insider Trading  |
| Effective  | March 31, 2003   |
| Revised    | February 8, 2008 |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.130              |
|------------|---------------------|
| Subject    | Extension of Credit |
| Effective  | March 31, 2003      |
| Revised    | February 8, 2008    |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.140         |
|------------|----------------|
| Subject    | Fair Dealing   |
| Effective  | March 31, 2003 |
| Revised    | February 2010  |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.150                                                              |
|------------|---------------------------------------------------------------------|
| Subject    | Protection and Proper Use of Centrue Financial Corporation Property |
| Effective  | March 31, 2003                                                      |
| Revised    | February 8, 2008                                                    |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.160                                      |
|------------|---------------------------------------------|
| Subject    | Compliance With Laws, Rules, and Regulation |
| Effective  | March 31, 2003                              |
| Revised    | February 8, 2008                            |

|   | 1.     | Theft, fraud, embezzlement, misappropriation, or any form of wrongful conversion of property belonging to Centrue Financial Corporation, an employee, or any Centrue Financial Corporation customer or client. This applies whether or not the conduct is a criminal act subject to prosecution.                                                              |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                          |
|   | 2.     | Any act of fraud or deception involving Centrue Financial Corporation, a customer, a supplier, a government official, or any other party.                                                                                                                                                                                                                     |
|   |   |                                                                                                                                                                                                                                                                                                                                                          |
|   | 3.     | Any act of bribery, including a promise, offer, or gift of money or anything of value, made or offered to a government official or someone acting for the government or a person employed by, or acting on behalf of, a customer, supplier, or other organization with which Centrue Financial Corporation does business or has prospective business.         |
|   |   |                                                                                                                                                                                                                                                                                                                                                          |
|   | 4.     | Any dishonest or unethical act against Centrue Financial Corporation or any regulatory official.                                                                                                                                                                                                                                                              |
|   |   |                                                                                                                                                                                                                                                                                                                                                          |
|   | 5.     | Political contributions of money, services, or other property of Centrue Financial Corporation that are in violation of applicable law.                                                                                                                                                                                                                       |
|   |   |                                                                                                                                                                                                                                                                                                                                                          |
|   | 6.     | Any act of discrimination based on a person’s race, color, gender, creed, sexual orientation, marital status, age, religion, national origin, ancestry, place of birth, disability, veteran status, or any other category protected by law.                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                          |
|   | 7.     | Any act of harassment, which includes but is not limited to, slurs, jokes, and other verbal, graphic, or physical conduct that relates to an individual’s race, color, gender, creed, sexual orientation, marital status, age, religion, national origin, ancestry, place of birth, disability, veteran status, or any other category protected by law. |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.160                                       |
|------------|----------------------------------------------|
| Subject    | Compliance With Laws, Rules, and Regulations |
| Page       | 2                                            |

|   | 1.     | Interlocks between management officials (officers, directors, employees) of non-affiliated financial institutions and holding companies of financial institutions are generally prohibited. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                        |
|   | 2.     | Bank employees’ receipt of compensation for acting as a co-fiduciary (co-trustee) with Centrue Financial Corporation is restricted.                                                   |
|   |   |                                                                                                                                                                                        |
|   | 3.     | Receipt of commission or gift for procuring a loan from Centrue Financial Corporation, or extension, renewal, or substitution of security, etc., is prohibited.                             |
|   |   |                                                                                                                                                                                        |
|   | 4.     | Offer of a loan or gratuity to a bank examiner is prohibited.                                                                                                                               |
|   |   |                                                                                                                                                                                        |
|   | 5.     | Certification of checks without adequate customer funds on deposit is prohibited.                                                                                                           |
|   |   |                                                                                                                                                                                        |
|   | 6.     | Lending and borrowing of trust funds is restricted and in some case prohibited.                                                                                                             |
|   |   |                                                                                                                                                                                        |
|   | 7.     | Embezzlement, theft, and misapplication of funds are illegal.                                                                                                                               |
|   |   |                                                                                                                                                                                        |
|   | 8.     | Unauthorized issuance of Centrue Financial Corporation obligations and intentional false entries are prohibited.                                                                            |
|   |   |                                                                                                                                                                                        |
|   | 9.     | Relationships with dealers in securities by Centrue Financial Corporation employees and directors are restricted.                                                                           |
|   |   |                                                                                                                                                                                        |
|   | 10.    | Stock-secured loans to purchase or carry margin stocks are regulated and impose scrutiny responsibilities on Centrue Financial Corporation lending officers.                                |
|   |   |                                                                                                                                                                                        |
|   | 11.    | Convictions of criminal offenses preclude serving as an officer, director, or employee.                                                                                                     |
|   |   |                                                                                                                                                                                        |
|   | 12.    | Requiring a borrower to purchase or obtain other Centrue Financial Corporation products other than certain direct deposit account relationships is prohibited.                              |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.170                                     |
|------------|--------------------------------------------|
| Subject    | Reporting of Illegal or Unethical Behavior |
| Effective  | March 31, 2003                             |
| Revised    | February 2010                              |

|   | 1.     | An employee can initiate an anonymous complaint via e-mail or by phone to the vendor. The vendor will track and retain all complaints. The contact information for the vendor can be found on the Company’s website and in the CO.000 Responsibilities of Employees section of this document. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                |
|   | 2.     | The vendor then contacts the designated Centrue Financial Corporation recipients via e-mail; the Risk Management Officer and Chairman of the Audit Committee for Sarbanes-Oxley related issues and the Risk Management Officer and the Head of Human Resources for Human Resources-related issues.  |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.170                                     |
|------------|--------------------------------------------|
| Subject    | Reporting of Illegal or Unethical Behavior |
| Page       | 2                                          |

|   | 3.     | The designated recipients will take the appropriate action necessary to handle the complaint. This may include contacting legal counsel. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                     |
|   | 4.     | Follow-up will be conducted by the designated recipients on the complaints received.                                                     |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.180                                      |
|------------|---------------------------------------------|
| Subject    | Administration and Waiver of Code of Ethics |
| Effective  | March 31, 2003                              |
| Revised    | February 2010                               |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.190                           |
|------------|----------------------------------|
| Subject    | Misleading Financial Information |
| Effective  | March 31, 2003                   |
| Revised    | February 24, 2009                |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.200                                          |
|------------|-------------------------------------------------|
| Subject    | Special Rules That Apply to Investment Officers |
| Effective  | March 31, 2003                                  |
| Revised    | February 8, 2008                                |

SPECIAL RULES THAT APPLY TO INVESTMENT OFFICERS

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| Policy No. | CE.210                                   |
|------------|------------------------------------------|
| Subject    | Senior Financial Officers Code of Ethics |
| Effective  | March 31, 2003                           |
| Revised    | February 8, 2008                         |

| ■ | Act with honesty and integrity; avoid actual or apparent conflicts of interest in personal and professional relationships.                                                                  |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ■ | Provide colleagues with information that is accurate, complete, objective, relevant, timely, and understandable.                                                                            |
| ■ | Comply with applicable laws, rules, and regulations of federal, state, and local governments (both United States and foreign) and other appropriate private and public regulatory agencies. |
| ■ | Act in good faith, with due care, competence and diligence, without misrepresenting material facts or allowing independent judgment to be subordinated.                                     |
| ■ | Respect the confidentiality of information acquired in the course of employment.                                                                                                            |
| ■ | Share knowledge and maintain skills necessary and relevant to Centrue Financial Corporation’s needs.                                                                                  |
| ■ | Proactively promote ethical and honest behavior within the Centrue Financial Corporation environment.                                                                                       |
| ■ | Assure responsible use and control of all assets, resources, and information of Centrue Financial Corporation.                                                                              |

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| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

| 1.     | I have not directly, or indirectly through my family: (a) made any personal investment based on insider information; (b) otherwise acted on insider information contrary to the Centrue Financial Corporation policy statement; (c) accepted any gifts or enter­tainment; (d) accepted any fees or other remune­ration; (e) borrowed from a Centrue Financial Corporation customer or supplies; (f) sold or leased assets to or purchased or leased assets from a customer other than an arm’s length transaction; or (g) accepted any bequest, legacy, or fiduciary appointment, except as follows: If none, please indicate “none.” |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 2.     | I do not hold a position as director, officer, partner, or any other official position in any business or professional enterprise, except as follows: If none, please indicate “none.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 3.     | I am not engaged in any outside employment, including self-employment, except as follows: If none, please indicate “none.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 4.     | Neither I, nor any member of my immediate family, is engaged in any activity, which may reasonably be deemed in conflict with this Code of Ethics except as follows: If none, please indicate “none.”                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

|                                      |   |   |   |
|-------------------------------------------|--------|--------|--------|
| Employee/Director Signature               |   | Date   |   |
|                                      |   |   |   |
| Employee/Director Name (Typed or Printed) |   |   |   |

----

| Centrue Financial CorporationCode of Ethics |
|---------------------------------------------|

|                                       |   |   |   |
|--------------------------------------------|--------|--------|--------|
| Investment Officer Signature               |   | Date   |   |
|                                       |   |   |   |
| Investment Officer Name (Typed or Printed) |   |   |   |

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