First Mid Bancshares to acquire Blackhawk for $90m.

First Mid Bancshares, a bank holding company, agreed to acquire Blackhawk, a parent company of Blackhawk Bank, for $90m. “Blackhawk has a long history of providing excellent service with a community-minded focus that aligns very well with First Mid’s philosophy. We have been talking to Todd and his team for a number of years about a possible combination of our organizations. And, while there is volatility in the equity markets for banks today, the discussions which led to today’s announcement started a long time ago. We have partnered with Blackhawk on many projects over the last several years and could not be more confident in the cultural and strategic alignment," Joe Dively, First Mid Chairman and CEO.