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First Mid Bank & Trust offers savings program to help people avoid holiday debt

Jeffrey Dulle

The holiday season can be one of the most exciting times of the year for families but can also be one of the most costly. According to a LendingTree report, one in three people who accrue holiday debt take at least five months to pay it off. To help minimize stress around the holidays, First Mid Bank & Trust (First Mid) wants to educate people about the helpful tools they offer to help people spend wisely this holiday season.

“Determining the amount of money that an individual can afford to put away periodically is the first step to a debt-free holiday season,” said First Mid St. Louis Regional Deposit Manager Jeffrey Dulle. “I recommend planning months ahead and starting with a number that feels comfortable. From there, you can create a budget specifically for holiday spending. By creating a list and a plan, you are more likely to stick to the amount of money you’ve decided to spend on each of your loved ones. Once you have an idea of how much you want to spend, open a Christmas Club account with us and start saving.”

A Christmas Club savings account allows people to start saving early so they don’t accumulate extra bills during the holiday season. Customers can choose the amount they want to save each week and either make individual deposits into the account or use automatic transfers. The funds grow throughout the year and when the account matures and the annual interest is paid, the money can be transferred to another designated checking or savings account.

“This account is helpful for families so they can ensure their loved ones experience a great holiday season without breaking the bank,” said Dulle. “It’s an example of how we offer our customers simple tools that can lead to smarter financial decisions. It can also be a great opportunity to show children how to start saving their own money for gifts, too.”

Christmas Club accounts may only be opened between mid-October and the end of January. For further information on seasonal savings accounts, go to For more tips to help stay on track with holiday expenses this year, go to


About First Mid Bancshares, Inc.

First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., Blackhawk Bank, First Mid Insurance Group, and First Mid Wealth Management Company. First Mid is an $8.0 billion community-focused organization that provides financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin, and a loan production office in Indiana. Together, the First Mid team takes great pride in providing solutions and services to its customers and communities and has done so since 1865. More information about the Company is available on their website at Its stock is traded in The NASDAQ Stock Market LLC under the ticker symbol “FMBH”. Member FDIC | Equal Housing Lender.

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