Community banking

First Mid-Illinois to Trade on Nasdaq

By Amilda Dymi May 05, 2014, 4:57 p.m. EDT 1 Min Read

Community banking

First Mid-Illinois Names Next CEO

First Mid-Illinois Bancshares (FMBH) in Mattoon has promoted the president of its bank to replace its retiring chairman and chief executive.

By Sarah Todd

October 24

First Mid-Illinois Bancshares (FMBH) in Mattoon, Ill., has received approval from the Nasdaq Stock Market to list its common stock on the Nasdaq Global Market.

Trading on Nasdaq is expected to begin on May 12, 2014, the $1.6 billion-asset company said in a press release.

First Mid-Illinois is the parent company of First Mid-Illinois Bank & Trust, which operates 37 branches across Illinois, and First Mid Insurance Group.

Listing on the Nasdaq "should increase the company's visibility in the marketplace," help increase liquidity and further enhance its long-term value through acquisition or organic growth," as it gets closer to celebrating its 150th anniversary early next year, said Chairman and Chief Executive Joe Dively, who took the helm in October 2013 after the previous CEO retired.

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Community banking

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