MATOON — First Mid-Illinois Bancshares Inc. has announced organizational changes within the leadership team.
First Mid announced today that Michael L. Taylor has been named chief operating officer. Taylor joined the company in 2000 and had been serving as the chief financial officer since that time. Taylor’s expertise in the financial, operational, risk management, and regulatory compliance of the company have been and will continue to be critical to the organization’s success. Taylor received his Bachelor’s Degree in Finance from the University of Illinois. He also graduated from the Graduate School of Banking in Wisconsin. He served two terms on the Accounting Board of the American Bankers Association in Washington, D.C., and also served on the Eastern Illinois University Accounting Advisory Board.
First Mid also announced that Matthew K. Smith has been named chief financial officer. Smith joined the company in 2016 and has been serving as executive vice president, director of finance where he has played a role in expanding First Mid’s participation and activity in the capital markets and providing strategic guidance within the organization. Before joining First Mid, he was the corporate treasurer and vice president of finance and investor relations for Consolidated Communications Holdings, Inc., a publicly traded company on NASDAQ. Smith earned his Bachelor’s Degree in Finance and an MBA from Eastern Illinois University. Smith also received a Master’s Degree in Accounting and Financial Management from DeVry University and is a Certified Public Accountant.
“Over the last couple of years the company has grown its asset size by over 70 percent and significantly increased its activity and relevance in the public capital markets. This, along with our strategic growth initiatives, is a key driver behind these organizational changes. I am excited about the well-deserved promotions and expanded roles for Mike and Matt. They position us well for both merger and acquisition activity and operational execution,” said Joe Dively, chairman and chief executive officer.
First Mid-Illinois Bancshares, Inc. is the parent company of First Mid-Illinois Bank & Trust, N.A, Mid-Illinois Data Services, Inc., and First Mid Insurance Group. First Mid Bank was first chartered in 1865 and has since grown into a more than $2.8 billion community-focused organization that provides financial services through a network of 52 banking centers in 37 Illinois and Missouri communities.