<ARTICLE> 9
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION FOR FIRST MERCHANTS
CORPORATION FOR QUARTER ENDED MARCH 31, 1995 RESTATED AS A RESULT OF POOLING OF
INTEREST TRANSACTIONS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                          32,614
<INT-BEARING-DEPOSITS>                             162
<FED-FUNDS-SOLD>                                 3,675
<TRADING-ASSETS>                                     0
<INVESTMENTS-HELD-FOR-SALE>                    142,270
<INVESTMENTS-CARRYING>                         126,798
<INVESTMENTS-MARKET>                           126,142
<LOANS>                                        531,493
<ALLOWANCE>                                      6,709
<TOTAL-ASSETS>                                 862,922
<DEPOSITS>                                     712,541
<SHORT-TERM>                                    38,113
<LIABILITIES-OTHER>                              6,538
<LONG-TERM>                                      8,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           610
<OTHER-SE>                                      95,588
<TOTAL-LIABILITIES-AND-EQUITY>                 862,922
<INTEREST-LOAN>                                 11,599
<INTEREST-INVEST>                                3,835
<INTEREST-OTHER>                                    76
<INTEREST-TOTAL>                                15,508
<INTEREST-DEPOSIT>                               6,096
<INTEREST-EXPENSE>                               6,831
<INTEREST-INCOME-NET>                            8,677
<LOAN-LOSSES>                                      236
<SECURITIES-GAINS>                                  23
<EXPENSE-OTHER>                                  5,815
<INCOME-PRETAX>                                  4,418
<INCOME-PRE-EXTRAORDINARY>                       2,924
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,924
<EPS-PRIMARY>                                      .45
<EPS-DILUTED>                                      .45
<YIELD-ACTUAL>                                       0
<LOANS-NON>                                          0
<LOANS-PAST>                                         0
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                     0
<CHARGE-OFFS>                                        0
<RECOVERIES>                                         0
<ALLOWANCE-CLOSE>                                    0
<ALLOWANCE-DOMESTIC>                                 0
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                              0