AcquisitionOct 29, 2026Pending
🇺🇸 United States
EBEvergreen Bancshares, Inc.FMFirst Mid Bancshares, Inc.
Financial Institutions › Banks
Equity value$70.7MEquity value
AnnouncedOct 29, 2026
ConsiderationCash and stock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
First Mid Bancshares agreed to acquire Evergreen Bancshares, Inc., the parent company of American Bank of Freedom, in a stock and cash transaction in which Evergreen shareholders receive 0.4081 shares of FMBH common stock plus $5.20 in cash per share, for aggregate consideration of approximately $70.7 million.
Deal rationale
The transaction strengthens First Mid's presence in St. Louis and along the I-70 corridor, expands its Illinois franchise through Rochester, establishes a full-service banking presence in greater Indianapolis and builds scale above $10 billion in assets.
AI-generated from the SEC filingPendingFinancial Institutions › BanksUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $70.7M | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
SStephens Inc.
Sell-side
SStifel
Parties
Target
EBEvergreen Bancshares, Inc.
- Headquarters
- United States
- Ticker
- —
Acquirer
FMFirst Mid Bancshares, Inc.
- Headquarters
- United States
- Ticker
- —