Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of First Clover Leaf Financial Corporation (NASDAQ: FCLF) acted responsibly on behalf of investors’ profitability in the planned $90 million sale to First Mid-Illinois Bancshares Inc (NASDAQ: FMBH).

On April 26, 2016, First Clover Leaf Financial Corporation (NASDAQ: FCLF) and First Mid-Illinois Bancshares Inc (NASDAQ: FMBH) announced that they had entered into a merger agreement. Under the terms of the transaction, First Clover Financial shareholders may elect to receive either $12.87 in cash or 0.495 of a First Mid-Illinois share for each share of First Clover stock they own.

Based in Edwardsville, Illinois, and founded in 1921 First Clover Leaf Financial Corporation provides various banking products and services in Illinois.

The investigation focuses on whether NASDAQ: FCLF investors received the highest price and whether the directors of First Clover Leaf Financial Corporation acted in the best interest of First Clover Leaf Financial Corporation company and its shareholders.   

If you purchased First Clover Leaf Financial Corporation (NASDAQ: FCLF) prior to April 26, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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