Question 1

What is First Mid Bank & Trust?

Accepted Answer

First Mid Bank & Trust is a national community bank headquartered in Mattoon, Illinois, serving the financial needs of individuals, businesses, municipalities, and non-profit organizations. With approximately $7.8 billion in total assets and 73 branch offices, the bank provides comprehensive commercial and personal banking services with a strong regional presence across Illinois and Missouri.

As a federally-chartered national banking association, First Mid Bank & Trust emphasizes personalized service and long-term client relationships while offering the full range of products expected from a sophisticated financial institution.

Question 2

When was First Mid Bank & Trust founded?

Accepted Answer

First Mid Bank & Trust has its origins dating back to April 17, 1865, when President Abraham Lincoln signed bank charter #1024 to establish the First National Bank of Mattoon. The bank opened for business on May 1, 1865, as the 25th nationally chartered bank in the United States.

The institution underwent several name changes and mergers throughout its history. In 1910, the First National Bank of Mattoon merged with Mattoon National Bank to form the National Bank of Mattoon. In 1965, it was renamed First National Bank, Mattoon.

During the 1980s, shareholders founded First Mid-Illinois Bancshares, Inc., which began acquiring other community banks throughout the region. In the 1990s, multiple institutions including First National Bank Mattoon, State Bank of Sullivan, Cumberland County National Bank of Neoga, First National Bank & Trust Company of Douglas County, and Charleston Community Bank merged to form First Mid-Illinois Bank & Trust, which operates today as First Mid Bank & Trust, National Association.

Question 3

Where is First Mid Bank & Trust headquartered?

Accepted Answer

First Mid Bank & Trust is headquartered in Mattoon, Illinois, located in Coles County in the east-central part of the state. The main office is situated at 1515 Charleston Avenue in Mattoon.

Question 4

Where does First Mid Bank & Trust operate?

Accepted Answer

First Mid Bank & Trust operates through 73 branches across Illinois and Missouri, with particular strength in central and southern Illinois. The bank's footprint covers numerous Illinois counties including Coles, Cumberland, Douglas, Effingham, and many others throughout the state.

In Missouri, the bank has expanded its presence into multiple communities. The bank's service area includes both rural communities and growing metropolitan regions, allowing it to serve a diverse mix of agricultural, commercial, and residential customers.

Question 5

What services does First Mid Bank & Trust offer?

Accepted Answer

First Mid Bank & Trust offers a full suite of commercial banking services including commercial lending with specialized expertise, commercial real estate financing, agricultural loans, and treasury management solutions for businesses. The bank maintains strong capabilities in municipal banking, serving local governments and public entities.

Personal banking services include checking and savings accounts, money market accounts, certificates of deposit, consumer loans, home equity products, and residential mortgages. The bank also provides trust and investment services through its Trust and Investment Group, offering wealth management, estate planning, and investment advisory services.

Digital banking capabilities include online banking, mobile banking apps, bill pay services, mobile check deposit, and 24/7 account access. The bank's routing number is 071102076 for electronic transactions.

Question 6

What makes First Mid Bank & Trust unique?

Accepted Answer

First Mid Bank & Trust stands out for its remarkable 160-year history of community banking, making it one of America's oldest continuously operating financial institutions. The bank's founding charter was signed by President Lincoln just days before his assassination, connecting it to a pivotal moment in American history.

The bank has grown through strategic acquisitions and organic expansion while maintaining its commitment to personalized service and local decision-making. Its community banking model emphasizes relationship managers who understand local markets and can make lending decisions based on knowledge of the customer and community.

First Mid Bank & Trust combines the resources and capabilities of a multi-billion dollar institution with the accessibility and personal touch of a community bank. The bank's longevity through the Civil War era, the Great Depression, financial crises, and economic changes demonstrates institutional stability and conservative banking practices.

Question 7

What type of financial institution is First Mid Bank & Trust?

Accepted Answer

First Mid Bank & Trust, National Association is a federally-chartered national bank regulated by the Office of the Comptroller of the Currency (OCC). As a national bank, it operates under federal banking laws and regulations while maintaining FDIC insurance on deposits.

The bank specializes in commercial lending and serves as a full-service community bank despite its substantial asset size. It is a member of the Federal Reserve System and operates with fiduciary powers, allowing it to provide trust and estate services. The bank is part of First Mid Bancshares, Inc., a publicly held bank holding company.

First Mid Bank & Trust

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About First Mid Bank & Trust in the United States