.
MergerLinks Header Logo

New Deal


Announced

Completed

First Mid Bancshares completed the merger with LINCO Bancshares in a $145m deal.

Financials

Edit Data
Transaction Value£113m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

depository trust

Domestic

Acquisition

Banks

Private

Majority

United States

Friendly

Single Bidder

Merger

Completed

Synopsis

Edit

First Mid Bancshares, a $4.5bn community-focused organization that provides a full-suite of financial services, completed the merger with LINCO Bancshares, a Missouri state-chartered depository trust company, in a $145m deal. "Providence has a long history of providing excellent service to the communities it serves and we are looking forward to combining forces and providing even more financial solutions for customers and communities. We have consistently shared our strategic intent to diversify our geographic footprint and this merger expands our presence in the Mid-Missouri and St. Louis Metro markets. In addition to St. Louis, Providence has deep relationships in Columbia, where it is headquartered, and in the Jefferson City and Osage Beach markets. It has also successfully operated outside of Missouri in the high performing and growth markets of Grapevine, Texas and through its loan production office in Indianapolis, Indiana," Joe Dively, First Mid Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US