First Mid Bancshares to Acquire Evergreen Bancshares for $70.7 Million
Bitget2026/10/29 12:23- First Mid Bancshares will acquire Evergreen Bancshares in a transaction valued at approximately $70.7 million.
- Evergreen shareholders will receive 0.4081 First Mid shares and $5.20 cash for each share held.
- Closing is targeted for the first quarter of 2027, subject to regulatory and Evergreen shareholder approvals.
- The acquisition will expand the buyer's St. Louis presence while adding a full-service Indianapolis-area branch.
- The deal is projected to increase 2028 earnings per share by approximately 5%, including the modeled Durbin impact.
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