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FIRST MID BANCSHARES, INC.

(FMBH)
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First Mid Bancshares : Insurance Group Announces Acquisition of Gentry-Couch, Inc.

11/21/2019 | 04:32pm EDT

FOR IMMEDIATE RELEASE

November 21, 2019

Media Contact: Laura ZuHone

Investor Contact: Aaron Holt

VP, Director of Marketing

VP, Shareholder Relations

217-258-0675

217-258-0463

lzuhone@firstmid.com

aholt@firstmid.com

FIRST MID INSURANCE GROUP ANNOUNCES

ACQUISITION OF GENTRY-COUCH, INC.

MATTOON, IL - First Mid Insurance Group announced today that it will purchase Gentry- Couch, Inc. Insurance and Risk Services, a retail and commercial multi-line insurance agency specialized in the areas of public entities, professional occupations, not-for-profit organizations, and food and beverage entities.

The Gentry-Couch agency is based in Carterville, Illinois, and has been helping families and businesses with their risk management and insurance needs for almost 60 years. Tom Couch, President of Gentry-Couch, and his team will join First Mid Insurance Group as of December 1, 2019 and will continue to serve their customers throughout the Southern Illinois region.

"The addition of the Gentry-Couch team will allow us to expand our presence in the Southern Illinois region and deepen our relationships with our customers there, especially in the Marion and Carbondale areas where we will be opening a new insurance office as the result of this acquisition," says Clay Dean, Chief Executive Officer of First Mid Insurance Group. "Our new colleagues bring great talent and expertise, especially in the non-profit and commercial public entity risk management areas. Their extensive knowledge of working with state and municipal agencies will complement our strong construction practice."

About First Mid Insurance Group: First Mid Insurance Group has been committed to helping customers with risk management solutions for over 100 years, and is the largest community bank-owned insurance broker in Illinois with offices based in six communities. The team of over 60 risk management professionals collaborates to make an impact in tailored insurance and benefits solutions for over 15,000 commercial and retail clients.

About First Mid Bancshares, Inc.: 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 Bank & Trust was first chartered in 1865 and has since grown into a $3.8 billion community-focused organization that provides financial services through a network of banking centers in Illinois and Missouri and a loan production office in Indiana. More

information about the Company is available on our website at www.firstmid.com. Our stock is traded in The NASDAQ Stock Market LLC under the ticker symbol "FMBH."

Disclaimer

First Mid-Illinois Bancshares Inc. published this content on 21 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2019 21:31:03 UTC


© Publicnow 2019
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Financials (USD)
Sales 2021 172 M - -
Net income 2021 49,6 M - -
Net Debt 2021 - - -
P/E ratio 2021 15,4x
Yield 2021 2,00%
Capitalization 769 M 769 M -
Capi. / Sales 2021 4,48x
Capi. / Sales 2022 4,02x
Nbr of Employees 960
Free-Float 82,0%
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Number of Analysts 6
Last Close Price 42,53 $
Average target price 50,20 $
Spread / Average Target 18,0%
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Managers and Directors
Joseph R. Dively Chairman, President & Chief Executive Officer
Matthew K. Smith CFO, Chief Accounting Officer & Executive VP
David R. Hiden Chief Information Officer & Senior Vice President
Laurel G. Allenbaugh Co-Chief Operations Officer & Executive VP
Michael L. Taylor Co-Chief Operating Officer & Senior Executive VP
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