M&A
confidence high
sentiment positive
materiality 0.50
Blackhawk stockholders approve merger with First Mid; closing expected Aug 15
FIRST MID BANCSHARES, INC.
- Blackhawk Bancorp stockholders voted to approve the merger at a special meeting on August 10, 2023.
- First Mid will acquire 100% of Blackhawk via merger with its wholly-owned subsidiary Eagle Sub LLC.
- Transaction was originally announced March 20, 2023; closing anticipated on August 15, 2023, subject to customary conditions.
- Upon closing, Blackhawk will cease to exist and become a wholly-owned subsidiary of First Mid.