First Mid-Illinois Bancshares to Acquire SCB Bancorp, Inc.

Jun 12, 2018

MATTOON, Ill. and DECATUR, Ill., June 12, 2018 (GLOBE NEWSWIRE) -- First Mid-Illinois Bancshares, Inc. (“First Mid”) (NASDAQ:FMBH) and SCB Bancorp, Inc. (“SCB”) announced today the execution of a definitive agreement under which First Mid will acquire all of the outstanding shares of SCB. SCB is the holding company for Soy Capital Bank and Trust Company (“Soy Capital Bank”), which includes a wholly owned subsidiary, J.L. Hubbard Insurance and Bonds (“J.L. Hubbard”).

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