M&A
confidence high
sentiment neutral
materiality 0.50
First Mid gets lender consent for Two Rivers acquisition, targets Feb 28 close
FIRST MID BANCSHARES, INC.
- Tenth Amendment to $15M revolving credit agreement with Northern Trust consents to Two Rivers merger.
- Two Rivers Financial to merge into Star Sub LLC, then into First Mid; bank merger follows.
- Regulatory approvals must be obtained by April 14, 2026; closing targeted by Feb 28, 2026.
- Great River Capital Trust I added as subsidiary; Blackhawk merger references removed.
- Amendment also updates subordinated debt and guarantee provisions for post-merger structure.