First Mid Bank & Trust

Overview

First Mid Bank & Trust is a full-service community bank headquartered in Mattoon, Illinois. Established in 1865, the bank has a rich history of serving its community with dedication and integrity. It operates with a mission to provide exceptional banking services while fostering ongoing relationships with customers, and focuses on the financial well-being of its community and client base.

Services Offered

First Mid Bank & Trust provides a comprehensive suite of financial services designed to meet the diverse needs of its customers. The services include:

• Personal Banking
• Business Banking
• Wealth Management
• Mortgage and Home Loans
• Online Banking Services
• Investment Services
• Insurance Products

Market Position

First Mid Bank & Trust holds a significant place in the banking sector, primarily serving Central and Southern Illinois. Its robust network and personalized approach allow it to compete with larger banking institutions while maintaining the essence of community banking. The bank has garnered awards for its service quality, emphasizing its commitment to customer satisfaction.

Financial Performance

• Assets: Over $4 billion
• Deposits: Approximately $3.6 billion
• Loan Portfolio: Over $2.5 billion
• Net Income: Consistently in the range of $20 million annually
• Return on Assets (ROA): Approximately 0.80%
• Return on Equity (ROE): Around 10%

Customer Segments

First Mid Bank & Trust caters to a wide range of customer segments, including:

• Individuals and Families
• Small to Mid-sized Businesses
• Agricultural Enterprises
• Nonprofit Organizations
• Investors and High-Net-Worth Individuals

Technology and Innovation

To keep pace with the evolving financial landscape, First Mid Bank & Trust invests in technology enhancements. The bank has upgraded its online banking platforms and mobile apps to include user-friendly features such as mobile deposits, enhanced security measures, and real-time alerts. This strategic focus on technology ensures customers have access to seamless banking experiences.

Recent Developments

First Mid Bank & Trust has made headlines with various strategic initiatives recently, including:

• The acquisition of several community banks to expand its footprint.
• Launch of new financial literacy programs aimed at educating consumers on personal finance.
• Partnerships with FinTech companies to enhance digital banking services.

Branch and ATM Network

First Mid Bank & Trust maintains an extensive branch and ATM network, with over 50 locations across Illinois. This widespread presence ensures that customers have convenient access to banking services in both urban and rural areas, reflecting the bank’s commitment to community engagement.

Community and CSR Initiatives

Community involvement is at the heart of First Mid Bank & Trust’s operations. The bank is active in numerous corporate social responsibility initiatives, including:

• Financial education workshops for schools and community organizations.
• Volunteer programs where employees participate in local events.
• Grants and sponsorships supporting local charities and nonprofits.

Key Executives

First Mid Bank & Trust is led by a team of experienced professionals:

• Charlene N. Hall, President and CEO
• David P. Fenton, CFO
• John H. Smith, Chief Operating Officer
• Emily R. Jones, Chief Risk Officer

Top Institutional Holders

As a publicly traded entity, First Mid Bank & Trust has various institutional investors, including:

• BlackRock, Inc.
• Vanguard Group, Inc.
• State Street Corporation

Statistics

• Founded: 1865
• Number of Employees: Approximately 400
• Number of Branches: Over 50
• Total Equity: Over $500 million

Analysis and Future Outlook

First Mid Bank & Trust is well-positioned to maintain its growth trajectory in the coming years. With a commitment to innovation and community service, the bank is poised to capitalize on emerging market opportunities, particularly in digital banking. Analysts foresee steady growth, supported by an expanding customer base and diversified service offerings.

Options Trading and Investor Sentiment

The sentiment surrounding First Mid Bank & Trust among investors remains positive, attributed to its sound financial performance and strategic growth initiatives. The bank actively participates in options trading, allowing investors further engagement with its market potential.

Sustainability Initiatives

In alignment with global sustainability trends, First Mid Bank & Trust has adopted various eco-friendly practices, including:

• Implementing energy-efficient technologies in branches.
• Promoting paperless banking options.
• Supporting local sustainability initiatives.

Conclusion

First Mid Bank & Trust exemplifies a strong community banking model with a comprehensive range of services tailored to meet the diverse needs of its clients. With a focus on financial performance, customer satisfaction, and technological innovation, the bank is well-equipped to navigate future challenges and opportunities in the financial industry.

For more information about First Mid Bank & Trust and their services, visit their official website or check out this resource: First Mid Bank & Trust.

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