First Mid Bancshares, Inc. announces retirement of Gary W. Melvin from board of directors, effective April 29, 2020
March 20, 2020 at 07:39 pm
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On March 20, 2020, First Mid Bancshares, Inc. announced that Gary W. Melvin was not re-nominated to the company's board of directors because he had reached the mandatory retirement age of 70 and would be retiring from the company's board of directors at the annual meeting on April 29, 2020. The board of directors' mandatory retirement policy permits directors to serve for the full term in which they reach age 70. Mr. Melvin reached age 70 during his term expiring at the annual meeting. Mr. Melvin will retire from the board of directors and the committees on which he serves, namely the audit committee and the compensation committee, effective April 29, 2020.
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.