First Mid acquires Old National properties
MATTOON - First Mid-Illinois Bancshares, Inc., the parent company of First Mid-Illinois Bank & Trust, N.A., has announced the acquisition of 12 Southern Illinois banking centers from Old National Bancorp has been completed.
First Mid-Illinois Bank & Trust has been working with Old National Bank for several months to make the transition as smooth as possible for customers, which includes retaining all employees.
On Monday the branches in Carbondale, De Soto, Murphysboro, Mount Vernon, Lawrenceville, Harrisburg, Mount Carmel, Carmi, Carterville and Marion acquired from Old National Bank opened as First Mid-Illinois Bank & Trust, N.A.
The 12 acquired branches represent approximately $453 million in deposits and $156 million in performing loans.
With the completion of this acquisition, First Mid will have 47 banking centers and 57 ATMs across Illinois. This growth expands its overall service area and offers customers banking capabilities in 33 Illinois communities.
"We are continually looking for ways to expand banking products and services to our customers, and moving into the southern region greatly improves the overall service area for our customers. We welcome our new employees and customers to First Mid and look forward to maintaining strong relationships and involvement in these new communities," stated CEO Joe Dively in a news release.
First Mid Bank was first chartered in 1865 and has since grown into a more than $2 billion community-focused organization that provides financial services through a network of 47 banking centers in 33 Illinois communities.
Chartered in 1865, First Mid is recognized as a top-performing community bank, having earned a five-star Bauer Financial rating, been recognized as a top 200 community bank by American Banker, as well as being named Small Business Administration (SBA) 2014 Community Bank of the Year by the Illinois District Office, information states.
More information about the company is available on its website at www.firstmid.com.