In preparation for the expected closing of the merger of First Clover Leaf Financial Corp. with and into First Mid-Illinois Bancshares, Inc., and in accordance with the agreement and plan of merger between the Company and First Clover Leaf, on August 23, 2016, the board of directors of the Company declared a special pro-rated dividend in the amount of $0.16 per share payable on September 7, 2016 to shareholders of record as of September 2, 2016. The $0.16 per share amount represents a pro-ration of the Company's current semi-annual dividend.