MATTOON, Ill., Feb. 14, 2022 (GLOBE NEWSWIRE) — First Mid Bancshares announced today that the acquisition of Delta Bancshares Company, which includes Jefferson Bank and Trust, has been completed.
As of December 31, 2021, Delta had approximately $718 million in total assets, $560 million in deposits and $424 million in loans through 5 locations in the St. Louis metro area. With the completion of this acquisition, First Mid has approximately $6.7 billion in total assets.
There are no immediate changes for Jefferson customers. The conversion of accounts from Jefferson Bank and Trust is expected to happen in June of this year. Customers will receive information well in advance of any changes that may affect them.
“We are excited to expand our presence in the St. Louis market area and welcome Jefferson’s customers and employees to First Mid. The larger banking network and enhanced products and services, including mortgage banking, wealth management and insurance, will provide Jefferson’s customers and communities with additional benefits,” said Joe Dively, First Mid Chairman and Chief Executive Officer.
About First Mid Bancshares, Inc.: First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., Jefferson Bank and Trust, First Mid Insurance Group and First Mid Wealth Management Company. First Mid is a $6.7 billion community-focused organization that provides a full-suite of financial services including banking, wealth management, brokerage, Ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, and Texas, and a loan production office in the greater Indianapolis area. Together, our First Mid team takes great pride in providing solutions and services to the customers and communities and has done so over the last 157 years. More information about the Company is available on our website at www.firstmid.com.
