secwatch.observer — SEC 8-K summary
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Issuer:     FIRST MID BANCSHARES, INC. (FMBH)
CIK:        0000700565
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001171843-23-005335
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Mid Bancshares completes Blackhawk Bancorp acquisition for ~3.33M shares
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- Blackhawk had $1.3B assets, $1.2B deposits, $784M loans as of June 30, 2023.
- Combined pro forma total assets ~$8.0B; account conversion expected in December 2023.
- First Mid issued ~3.33M shares of common stock to Blackhawk shareholders; exchange ratio 1.15:1.
- First Mid assumed $1.03M (due 2032) and $4.124M (due 2035) junior subordinated debentures plus $15M sub notes.
- Todd J. James appointed to First Mid Board of Directors as Class I, effective August 15, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/0001171843-23-005335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/700565/000117184323005335/f8k_081623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-005335

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer