Exhibit 99

               PRESS RELEASE OF FIRST CLOVER LEAF FINANCIAL CORP.


July 25, 2007

                        FIRST CLOVER LEAF FINANCIAL CORP.
                          ANNOUNCES QUARTERLY DIVIDEND


       EDWARDSVILLE, Illinois - Media Contact Dennis Terry (618) 656-6122

First Clover Leaf Financial Corp. (the "Company")(Nasdaq: FCLF - News) announced
the  approval by its Board of Directors  of a cash  dividend on its  outstanding
common  stock of $0.06  per share  for the  quarter  ended  June 30,  2007.  The
dividend will be payable to  stockholders of record as of August 17, 2007 and is
expected to be paid on August 24,  2007.  The Company  has  8,878,773  shares of
common stock outstanding.

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