MATTOON, IL — First Mid-Illinois Bancshares, Inc. (NASDAQ: FMBH) (“First Mid”), announced 7/2/18 they have completed the purchase of substantially all the assets of Ronald R. Pierce Farm Management.
Ronald R. Pierce Farm Management, based in Charleston, Illinois, manages approximately 18,000 acres of farmland in Clark, Coles, Cumberland, Douglas, Edgar and Shelby Counties. The addition will bring First Mid’s farm portfolio to more than 43,000 acres.
“We are excited about this acquisition, which is mutually beneficial for our customers through expanded services and expertise,” said Cory Kauffman, VP, and Director of Farm Services. “Ronald R. Pierce Farm Management customers will have access to additional financial services, education and products that First Mid offers.”
Ron Pierce, founder of Ronald R. Pierce Farm Management stated, “With First Mid’s highly regarded reputation, there is no question our clients will continue to experience the same personal care that they have become accustomed to receiving since 1995.”
Mr. Pierce and his staff will continue to serve customers from the Charleston banking center at 500 West Lincoln Avenue. Customers will be notified of the change in ownership; however, they should see no changes in their services or staff.
About First Mid-Illinois Bancshares, Inc.: First Mid-Illinois Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group and First Mid Wealth Management Co. Our mission is to fulfill the financial needs of our communities with exceptional personal service, professionalism and integrity, and deliver meaningful value and results for customers and shareholders.
First Mid-Illinois Bancshares, Inc. is a $3.3 billion community-focused organization that provides financial services through a network of 59 banking centers in 42 Illinois and Missouri communities and a loan production office in Indiana. Our First Mid team takes great pride in their work and their ability to serve our customers. More information about the Company is available on our website at www.firstmid.com. Our stock is traded in The NASDAQ Stock Market LLC under the ticker symbol “FMBH”.