Nolen named Vice President of Loan Operations and Ballard named Vice

President & Senior Credit Quality Officer of First Clover Leaf Bank

(EDWARDSVILLE, IL) October 30, 2009 � Dennis M. Terry, President & CEO of First Clover Leaf Bank recently announced the promotions of Melanie Nolen & Nathan Ballard at First Clover Leaf Bank.

�We feel fortunate to have such well trained professionals working at First Clover Leaf Bank,� commented Mr. Dennis Terry on the announcements with over 28 years of combined banking experience; Nolen and Ballard have attained a wealth of knowledge in the lending industry. Experience in both large and small financial institutions has given Nolen the ability to organize and grow in diverse banking environments. Ballard�s previous roles in strong community banks will be critical as First Clover Leaf Bank continues to expand its community bank model.

�As our bank has grown tremendously through the last several years, Melanie and Nathan have been instrumental in making sure that the loan department stays in tune with the banks new demands and changes in the regulatory arena. The bank feels it is important to surround ourselves with energetic well qualified leaders in the industry.� commented Lisa Fowler, Chief Lending Officer and Senior Vice President.

Both Nolen and Ballard are looking forward to the challenges their new positions will hold. They are proud to represent such a strong solid community bank. In their new roles, Nolen and Ballard will continue to focus on offering sophisticated, yet personalized loan products. They will also continue to help the bank organize and structure to meet the long term loan growth plans already in process.

About the Company

First Clover Leaf Bank is a wholly owned subsidiary of First Clover Leaf Financial Corporation (NASDAQ: FCLF). First Clover Leaf Bank is headquartered in Edwardsville, Illinois, and devotes special attention to personal service and offers a full line of retail and commercial products. First Clover Leaf Bank is a strong advocate for community banking. Through a long term growth and expansion plan, First Clover Leaf Bank will continue to serve the Madison County Market and surrounding Metro East Communities.

Further information about the company is available at: http://www.firstcloverleafbank.com