First Mid Bancshares, Inc. Appoints J. Kyle Mccurry as Class I Director
February 22, 2021 at 09:05 pm
Share
On September 25, 2020, First Mid Bancshares, Inc. and Eval Sub Inc. and entered into an Agreement and Plan of Merger with LINCO Bancshares, Inc. and the sellers as defined therein (collectively, the "Sellers"), pursuant to which, among other things, First Mid agreed to acquire 100% of the issued and outstanding shares of LINCO pursuant to a business combination whereby the MO Merger Sub would merge with and into LINCO, whereupon the separate corporate existence of the MO Merger Sub will cease and LINCO will continue as the surviving company and a wholly-owned subsidiary of First Mid. Pursuant to the Merger Agreement, First Mid agreed to take all appropriate action, subject to and in accordance with First Mid's bylaws, to appoint one individual, mutually agreeable to the parties to the Merger Agreement, from among the current members of the board of directors of LINCO to the board of directors of First Mid as of the effective time of the Merger. On February 19, 2021, with the agreement of LINCO and the Sellers, First Mid's board of directors adopted a resolution, effective as of the closing of the Merger, increasing the size of the board of directors from eight directors to nine directors and appointing J. Kyle McCurry, age 43, as a Class I Director of First Mid and a member of the Audit Committee and the Compensation Committee of the board of directors, with a term to expire at the 2023 annual meeting of First Mid's stockholders, or when his successor is duly elected and qualified, unless he shall earlier resign or be removed. As a result, on February 22, 2021, when the Merger became effective, Mr. McCurry's appointment as a Class I Director of First Mid, and a member of the Audit Committee and Compensation Committee, became effective.
First Mid Bancshares, Inc. is a financial holding company. The Company is the parent company of First Mid Bank & Trust, N.A. (First Mid Bank)., Blackhawk Bank, First Mid Insurance Group, Inc. (First Mid Insurance) and First Mid Wealth Management Company. It is engaged in the business of banking through its wholly owned subsidiary, First Mid Bank. The Company offers insurance products and services to customers through its wholly owned subsidiary, First Mid Insurance. The Company offers trust, farm services, investment services, and retirement planning through its wholly owned subsidiary, First Mid Wealth Management Company. First Mid provides a range of financial services, including banking, wealth management, brokerage, Ag services, and insurance through a network of locations throughout Illinois, Missouri, Texas, and Wisconsin and in Indianapolis area. First Mid Wealth Management Company offers services, such as retirement planning, financial planning, and investment services.