Mergers & AcquisitionsMedium•29 October 2026•
1 min read
First Mid Bancshares to Acquire Evergreen Bancshares in Cash and Stock Deal
Key Facts
1First Mid Bancshares announced a definitive agreement to acquire Evergreen Bancshares in a stock and cash transaction.
2The acquisition aims to strengthen First Mid's presence in St. Louis and the I-70 corridor while entering the Indianapolis market.
First Mid Bancshares announced a definitive agreement to acquire Evergreen Bancshares in a stock and cash transaction, GlobeNewswire reported. The acquisition aims to strengthen First Mid's presence in St. Louis and the I-70 corridor while establishing a full-service presence in the greater Indianapolis area.
FMBH closed at $50.52 on October 28, 2026, after reaching a session high of $51.24. According to the company, the aggregate consideration for the deal is approximately $70.7 million based on First Mid’s closing price on October 27, 2026, with expected cost savings of approximately 33% of Evergreen’s noninterest expense.