Mattoon, Ill.-based First Mid Bancshares acquired two Illinois insurance agencies through its subsidiary First Mid Insurance Group: The Wheeler Insurance Agency in Arcola and Just4you Insurance in Highland.
The Wheeler Insurance Agency serves over 600 customers in Douglas, Coles, and Cumberland counties, which overlaps with First Mid’s existing footprint for retail banking and insurance customers.
Just4you Insurance is a multi-line property and casualty agency serving customers in southern Illinois and the St. Louis Metro East markets. This acquisition will coincide with First Mid’s recent acquisition of LINCO Bancshares, Inc., along with its subsidiary Providence Bank, as the organization expands its reach into the St. Louis market and central Missouri.
“Both of these deals will help us leverage our services and expertise to a wider range of retail customers,” says Clay Dean, CEO of First Mid Insurance Group. “It will also offer us the ability to connect those customers with a broader array of insurance products and services, such as health and senior solutions, as well as with banking and wealth management services offered through First Mid.”
The $4.7 billion First Mid has offices in Illinois and Missouri through its First Mid Bank & Trust.