-------------------------------------------------------------------------------- EXHIBIT 22--SUBSIDIARIES OF THE REGISTRANT -------------------------------------------------------------------------------- State of Name Incorporation ---- ------------- First Merchants Bank, National Association . . . . . . . . . U.S. Pendleton Banking Company . . . . . . . . . . . . . . . . . Indiana First United Bank. . . . . . . . . . . . . . . . . . . . . . Indiana Page 24