Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 10:18 PM
| This Slide: #71 of 100 |
Slide #71. First Mid Bancshares, Inc. — LINCO Bancshares, Inc.
Acquirer:
First Mid Bancshares, Inc. (NASDAQ:FMBH)
Acquiree:
LINCO Bancshares, Inc.
Details:
First Mid Bancshares, Inc. (NASDAQ: FMBH) ("First Mid" or the "Company") announced today that the acquisition of LINCO Bancshares, Inc. ("Providence"), which includes Providence Bank, has been completed.
First Mid Bancshares is a financial holding company. Through its subsidiary, Co. is engaged in the business of banking. Co.'s lines of business are community banking, wealth management, and insurance brokerage. Within the community banking line, Co. serves commercial, retail and agricultural customers with deposit and loan related products. The wealth management line provides estate planning, investment and farm management services for individuals and employee benefit services for business enterprises. The insurance brokerage line provides commercial lines insurance to businesses as well as homeowner, automobile, health, life and other types of personal lines insurance to individuals.
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Avg. Broker Rec.
 
|
Strong Buy (3.60 out of 4) 64th percentile
(ranked higher than approx. 64% of all stocks covered)
Analysts' Target Price: FMBH Stock Forecast Based on Zacks ABR data; powered by Xignite |
