Chronicles

First Mid, LINCO merging

Illinois-based First Mid Bancshares has inked a deal to acquire LINCO Bancshares, Inc., and its subsidiary Providence Bank for $144.9 million in a cash and stock transaction. Providence, Columbia, Mo., has $1.2 billion in assets, $909 million in deposits and offices in Missouri, Texas and Illinois as well as an LPO in Indianapolis. [Continue]

Wyoming shoots ahead in digital asset industry

The state of Wyoming is on the brink of becoming a trailblazer in the world of cryptocurrency now that it has awarded its first special purpose bank charter allowing institutions to receive deposits and serve as custodians of digital assets. The Wyoming Division of Banking granted San Francisco-based Kraken Digital Asset Exchange its first-ever Special Purpose Depository Institution charter on Sep. 16. [Continue]

FNBM to open Lansing branch

First National Bank of Michigan will open a branch in Lansing, Mich., and relocate its Lansing LPO, which opened in 2017, to that office. The location will become the sixth branch for First National Bank of Michigan, which has three branches in Kalamazoo County, one in downtown Grand Rapids and one in Holland. [Continue]