First Bankers Trustshares, Inc. (OTCPK:FBTT) announced the spin-off of First Bankers Trust Services Inc (FBTS) on June 5, 2019. As a result of distribution, each First Bankers Trustshares, Inc. stockholder will receive one share of FBTS common stock for every share of First Bankers Trustshares, Inc.. held. Following the distribution, FBTS will operate as an independent company and First Bankers Trustshares, Inc. will not own any shares of FBTS. FBTS will be rebranded to TI-Trust, Inc. to better reflect the core services of their business. The record date for spin off is set as June 17, 2019. The planned distribution date is July 1, 2019.