First Mid Insurance Group, a subsidiary of First Mid Bancshares Inc. has acquired two retail insurance agencies: The Wheeler Insurance Agency, based in Arcola, and Just4you Insurance, based in Highland.
The Wheeler Insurance Agency serves more than 600 customers in Douglas, Coles and Cumberland counties, which overlaps with First Mid’s existing footprint for retail banking and insurance customers, making it a strategic fit.
Just4you Insurance is a multiline property and casualty agency serving customers in Southern Illinois and the Metro East markets. This acquisition will coincide with First Mid’s recent acquisition of LINCO Bancshares, Inc., along with its subsidiary Providence Bank, as the organization expands its reach into the St. Louis market and central Missouri.
“Both of these deals will help us leverage our services and expertise to a wider range of retail customers,” says Clay Dean, chief executive officer of First Mid Insurance Group. “It will also offer us the ability to connect those customers with a broader array of insurance products and services, such as health and senior solutions, as well as with banking and wealth management services offered through First Mid.”
First Mid Insurance Group is the largest community bank-owned insurance broker in Illinois with offices based in six communities. A team of more than 60 risk management professionals collaborates to make an impact in tailored insurance and benefits solutions for 15,000-plus commercial and retail clients.