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First Mid Bancshares
-5.21%
Financial services / Banking and Financial Services
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Company Overview
General information about the First Mid Bancshares company
First Mid Bancshares is a financial holding company based in Mattoon, Illinois. It operates through its subsidiary, First Mid Bank & Trust, and provides a range of banking and financial services to its clients.
Founded in 1983, First Mid Bancshares has grown to become a significant player in the financial services industry in the Midwest region of the United States. It currently operates over 60 banking locations across Illinois and Missouri, and offers a wide range of products and services, including personal and business banking, wealth management, and insurance services.
The company’s mission is to be a trusted and respected financial partner, providing exceptional service and innovative solutions to its clients. It aims to achieve this by focusing on building strong relationships with its customers, operating with integrity and transparency, and remaining committed to the communities it serves.
In addition to its financial services, First Mid Bancshares is also actively involved in philanthropic initiatives in its local communities. The company supports various charitable organizations and events, and its employees regularly volunteer their time and resources to give back to the community.
Overall, First Mid Bancshares is a well-established and reputable company that continues to grow and meet the evolving needs of its clients in the financial services industry.
Founded in 1983, First Mid Bancshares has grown to become a significant player in the financial services industry in the Midwest region of the United States. It currently operates over 60 banking locations across Illinois and Missouri, and offers a wide range of products and services, including personal and business banking, wealth management, and insurance services.
The company’s mission is to be a trusted and respected financial partner, providing exceptional service and innovative solutions to its clients. It aims to achieve this by focusing on building strong relationships with its customers, operating with integrity and transparency, and remaining committed to the communities it serves.
In addition to its financial services, First Mid Bancshares is also actively involved in philanthropic initiatives in its local communities. The company supports various charitable organizations and events, and its employees regularly volunteer their time and resources to give back to the community.
Overall, First Mid Bancshares is a well-established and reputable company that continues to grow and meet the evolving needs of its clients in the financial services industry.
What is special about the First Mid Bancshares company?
1. Strong Community Focus: First Mid Bancshares has a strong commitment to serving the local communities in which it operates. The company actively supports local initiatives and donates to various charitable causes.
2. Long History: First Mid Bancshares was founded in 1865, making it one of the oldest continuously operating banks in the U.S. With over 150 years of experience, the company has built a strong reputation and established a loyal customer base.
3. Sound Financial Performance: The company has consistently reported strong financial performance, with steady growth in assets, deposits, and earnings. This demonstrates the stability and reliability of First Mid Bancshares as a financial institution.
4. Diversified Business: First Mid Bancshares offers a range of financial services, including banking, wealth management, and insurance. This diversification helps the company weather economic downturns and provides a more comprehensive solution for its customers.
5. Experienced Management: The company’s leadership team has a wealth of experience in the financial industry, with many of them having spent their entire careers at First Mid Bancshares. This expertise helps guide the company’s strategic decisions and ensures its long-term success.
6. Technology-driven: First Mid Bancshares has invested heavily in technology to improve its services and enhance the customer experience. This includes offering online and mobile banking, electronic deposit options, and other digital solutions.
7. Strong Corporate Governance: First Mid Bancshares follows a strict code of ethics and holds its employees and directors to high standards of conduct. This commitment to corporate governance helps build trust with customers and investors.
8. Expansion Strategy: The company has a strategic growth plan that includes expanding its presence in existing markets and entering new markets through selective acquisitions. This allows First Mid Bancshares to continually diversify and strengthen its business.
9. Employee Development: First Mid Bancshares values its employees and invests in their development through training and advancement opportunities. This creates a positive work culture and helps attract and retain talented individuals.
10. Commitment to Sustainability: First Mid Bancshares is committed to being a responsible corporate citizen and has implemented sustainable practices to reduce its environmental impact. The company also supports local environmental initiatives and encourages its employees to volunteer in community projects.
2. Long History: First Mid Bancshares was founded in 1865, making it one of the oldest continuously operating banks in the U.S. With over 150 years of experience, the company has built a strong reputation and established a loyal customer base.
3. Sound Financial Performance: The company has consistently reported strong financial performance, with steady growth in assets, deposits, and earnings. This demonstrates the stability and reliability of First Mid Bancshares as a financial institution.
4. Diversified Business: First Mid Bancshares offers a range of financial services, including banking, wealth management, and insurance. This diversification helps the company weather economic downturns and provides a more comprehensive solution for its customers.
5. Experienced Management: The company’s leadership team has a wealth of experience in the financial industry, with many of them having spent their entire careers at First Mid Bancshares. This expertise helps guide the company’s strategic decisions and ensures its long-term success.
6. Technology-driven: First Mid Bancshares has invested heavily in technology to improve its services and enhance the customer experience. This includes offering online and mobile banking, electronic deposit options, and other digital solutions.
7. Strong Corporate Governance: First Mid Bancshares follows a strict code of ethics and holds its employees and directors to high standards of conduct. This commitment to corporate governance helps build trust with customers and investors.
8. Expansion Strategy: The company has a strategic growth plan that includes expanding its presence in existing markets and entering new markets through selective acquisitions. This allows First Mid Bancshares to continually diversify and strengthen its business.
9. Employee Development: First Mid Bancshares values its employees and invests in their development through training and advancement opportunities. This creates a positive work culture and helps attract and retain talented individuals.
10. Commitment to Sustainability: First Mid Bancshares is committed to being a responsible corporate citizen and has implemented sustainable practices to reduce its environmental impact. The company also supports local environmental initiatives and encourages its employees to volunteer in community projects.
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