First Mid Bancshares Inc. has completed its acquisition of Delta Bancshares Co., which includes Jefferson Bank and Trust, the bank announced today.
As of Dec. 31, 2021, Delta had approximately $718 million in total assets, $560 million in deposits and $424 million in loans through 5 locations in the St. Louis metro area. With the completion of this acquisition, First Mid has approximately $6.7 billion in total assets.
There are no immediate changes for Jefferson customers. The conversion of accounts from Jefferson Bank and Trust is expected to happen in June of this year. Customers will receive information well in advance of any changes that may affect them.
“We are excited to expand our presence in the St. Louis market area and welcome Jefferson’s customers and employees to First Mid. The larger banking network and enhanced products and services, including mortgage banking, wealth management and insurance, will provide Jefferson’s customers and communities with additional benefits,” said Joe Dively, First Mid chairman and chief executive officer (shown).
First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A.,First Mid Insurance Group and First Mid Wealth Management Company. First Mid’s financial services include banking, wealth management, brokerage, ag services, and insurance through a network of locations throughout Illinois, Missouri, and Texas, and a loan production office in the greater Indianapolis area.
The bank has a strong presence in Metro East.