First Mid Gains as Regional Bank Shares Climb
First Mid Bancshares shares rose 2.9% to $44.40 Thursday as regional banks rallied, with about 61,400 shares traded. The Illinois-based lender is integrating its Two Rivers acquisition, which added $871.4 million in loans and $1.04 billion in deposits. CEO Joseph Dively will hand leadership to President Matthew Smith on July 1. Non-performing loans climbed to $44.1 million in Q1, partly from the new loan book.