First Mid Bancshares, Inc. Completes Acquisition of Two Rivers Financial Group, Inc.
MWN-AI** Summary
On March 2, 2026, First Mid Bancshares, Inc. (NASDAQ: FMBH) announced the successful completion of its acquisition of Two Rivers Financial Group, Inc., a significant milestone for the company. As of December 31, 2025, Two Rivers held approximately $1.2 billion in assets, $883 million in loans, and $1.0 billion in deposits, alongside managing over $1.2 billion in trust and wealth assets across 14 locations in Iowa. This acquisition elevates First Mid's total assets to around $9.1 billion and total trust and wealth assets to approximately $7.9 billion.
First Mid assures Two Rivers' customers that there will be no immediate changes, with a smooth account conversion expected by June 2026. Customers will be adequately informed of any changes ahead of time. Joe Dively, Chairman and CEO of First Mid, expressed enthusiasm about welcoming Two Rivers' customers and employees, highlighting the company's commitment to enhancing services and maintaining strong customer relationships fostered by the Two Rivers team over the years.
First Mid Bancshares operates as a community-focused organization, providing a comprehensive range of financial services, including banking, wealth management, brokerage, agricultural services, and insurance. It has established a robust network across Illinois, Missouri, Texas, and Wisconsin, and is dedicated to serving its customers and communities for over 160 years.
With the completion of the acquisition, First Mid expects synergies and strategic advantages, although it acknowledges certain risks associated with the integration process and market conditions that could impact the anticipated benefits. The company will continue to monitor developments and adjust its strategies as needed while ensuring compliance with securities regulations. More information is available on First Mid's website.
MWN-AI** Analysis
First Mid Bancshares, Inc. (NASDAQ: FMBH) recently completed its acquisition of Two Rivers Financial Group, enhancing its position in the financial services sector and significantly boosting its asset base to approximately $9.1 billion. This strategic move adds approximately $1.2 billion in assets, $883 million in loans, and $1 billion in deposits, poised to strengthen First Mid’s operational footprint in the diverse regional markets, particularly in Iowa.
Investors should view this acquisition as a positive signal, potentially improving First Mid’s growth trajectory and providing better competitive advantages in the increasingly consolidated banking landscape. The integration of Two Rivers’ existing customer relationships and wealth management capabilities—over $1.2 billion in trust and wealth assets—will allow First Mid to enhance its product offerings and cross-selling opportunities.
However, it is essential for investors to remain cautious about the potential risks associated with this acquisition. Integration challenges are common in such transactions, and there is a need for operational alignment to ensure that expected synergies are realized without significant delays or additional costs. Furthermore, the broader economic environment, including interest rate fluctuations and shifts in consumer lending demand, poses additional risks that could impact financial performance.
Despite these concerns, the underlying fundamentals of First Mid remain solid, backed by a loyal customer base and a strong history in community-focused banking. As the conversion process for Two Rivers' accounts is anticipated in June 2026, stakeholders should monitor customer sentiment and retention rates closely.
In conclusion, while the acquisition presents exciting growth prospects for First Mid, maintaining vigilance around execution risks and economic factors will be critical. Potential investors might consider establishing a position, but should proceed with an understanding of the inherent market and operational dynamics at play.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
MATTOON, Ill., March 02, 2026 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid” or the “Company”) announced today that the acquisition of Two Rivers Financial Group, Inc. (“Two Rivers”) has been completed.
As of 12/31/2025, Two Rivers had approximately $1.2 billion in assets, $883 million in loans, $1.0 billion in deposits, and more than $1.2 billion in trust and wealth assets under management through 14 locations in Iowa. With the completion of this acquisition, First Mid has approximately $9.1 billion in total assets and $7.9 billion in total trust and wealth assets under management.
There are no immediate changes for Two Rivers' customers. The conversion of accounts from Two Rivers is expected to happen in June of this year. Customers will receive information well in advance of any changes that may impact them.
“We welcome Two Rivers' customers and employees to First Mid and are excited to provide expanded services to the strong relationships the Two Rivers team has built over the years,” said Joe Dively, First Mid Chairman and Chief Executive Officer. “We have worked closely with the Two Rivers team over the last few months to ensure a smooth transition.”
About First Mid: First Mid Bancshares, Inc. (“First Mid”) is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., First Mid Wealth Management Co., and Two Rivers Bank & Trust. First Mid is a $9.1 billion community-focused organization that provides a full-suite of financial services including banking, wealth management, brokerage, Ag services, and insurance through a sizeable network of locations throughout Illinois, Missouri, Texas, and Wisconsin and a loan production office in the greater Indianapolis area. Together, our First Mid team takes great pride in providing solutions and services to the customers and communities and has done so over the last 160 years. More information about the Company is available on our website at www.firstmid.com.
Forward Looking Statements
This document may contain certain forward-looking statements about First Mid and Two Rivers, such as discussions of First Mid’s and Two Rivers’ pricing and fee trends, credit quality and outlook, liquidity, new business results, expansion plans, anticipated expenses and planned schedules. First Mid and Two Rivers intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of First Mid and Two Rivers are identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions. Actual results could differ materially from the results indicated by these statements because the realization of those results is subject to many risks and uncertainties, including, among other things, the possibility that any of the anticipated benefits of the transaction between First Mid and Two Rivers will not be realized within the expected time period; the risk that integration of the operations of Two Rivers with First Mid will be materially delayed or will be more costly or difficult than expected; the effect of the announcement of the transaction on customer relationships and operating results; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; changes in interest rates; general economic conditions and those in the market areas of First Mid and Two Rivers; legislative and/or regulatory changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of First Mid’s and Two Rivers’ loan or investment portfolios and the valuation of those investment portfolios; demand for loan products; deposit flows; competition, demand for financial services in the market areas of First Mid and Two Rivers; accounting principles, policies and guidelines; or any of the other foregoing risks. Additional information concerning First Mid, including additional factors and risks that could materially affect First Mid’s financial results, are included in First Mid’s filings with the SEC, including its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. Except as required under the federal securities laws or the rules and regulations of the SEC, First Mid and Two Rivers do not undertake any obligation to update or review any forward-looking information, whether as a result of new information, future events or otherwise.
Austin Frank
SVP, Director of Investor Relations
217-258-5522
afrank@firstmid.com
Jordan Read
Chief Financial and Risk Officer
217-258-3528
jread@firstmid.com
FAQ**
How will the acquisition of Two Rivers Financial Group, Inc. impact the overall financial performance of First Mid Bancshares, Inc. (FMBH) in the coming fiscal quarters?
What strategies does First Mid Bancshares, Inc. (FMBH) plan to implement to ensure a smooth transition for Two Rivers' customers post-acquisition?
In what ways does First Mid Bancshares, Inc. (FMBH) anticipate leveraging the additional trust and wealth assets under management from Two Rivers to enhance its service offerings?
Can you elaborate on any potential risks First Mid Bancshares, Inc. (FMBH) foresees related to the integration of Two Rivers and its impact on customer relationships and operational efficiency?
**MWN-AI FAQ is based on asking OpenAI questions about First Mid Bancshares Inc. (NASDAQ: FMBH).
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