Exhibit 21 SUBSIDIARIES OF REGISTRANT The following entities are subsidiaries of the Registrant, First Merchants Corporation, as of the date hereof: Name of Registrant's Subsidiary State of Incorporation or Organization ------------------------------- -------------------------------------- Decatur Bank & Trust Company Indiana 520 North 13th Street Decatur, Indiana 46733 First Merchants Bank, National Association Under the laws of the United States (also doing business as First Merchants Bank of Hamilton County) 200 East Jackson Street Muncie, Indiana 47305 First Merchants Capital Trust I Delaware 200 East Jackson Street Muncie, Indiana 47305 First Merchants Capital Trust II Delaware 200 East Jackson Street Muncie, Indiana 47305 First Merchants Capital Trust III Delaware 200 East Jackson Street Muncie, Indiana 47305 First Merchants Insurance Services, Inc. Indiana 200 East Jackson Street Muncie, Indiana 47305 First United Bank Indiana 709 Mill Street Middletown, Indiana 47356 Frances Slocum Bank & Trust Company Indiana 1250 North Cass Street Wabash, Indiana 46992 The First National Bank of Portland Under the laws of the United States 112 West Main Street Portland, Indiana 47371 The Madison Community Bank Indiana 19 West 10th Street Anderson, Indiana 46016 Ex. 21-1 SUBSIDIARIES OF REGISTRANT (CONTINUED) Name of Registrant's Subsidiary State of Incorporation or Organization ------------------------------- -------------------------------------- The Randolph County Bank Indiana 122 West Washington Street Winchester, Indiana 47394 The Union County National Bank Under the laws of the United States of Liberty 107 West Union, Box 217 Liberty, Indiana 47353 Ex. 21-2