Brief: First Mid Bancshares Inc Plans To Close And Consolidate 10 Of Its 63 Full-Service Branches Throughout Its Footprint

First Mid Bancshares

04/12/2020 13:35

Dec 4 (Reuters) - First Mid Bancshares Inc  FMBH.O :
    * FIRST MID BANCSHARES INC - DURING 2021, CO PLANS TO CLOSE
AND
CONSOLIDATE 10 OF ITS 63 FULL-SERVICE BRANCHES THROUGHOUT ITS
FOOTPRINT
    * FIRST MID BANCSHARES INC - IN CONNECTION WITH PLAN, CO
ANTICIPATES ABOUT $2 MILLION IN NON-RECURRING COSTS DURING 2021
    * FIRST MID BANCSHARES INC - ESTIMATES ANNUAL COST SAVINGS
OF
ABOUT $1 MILLION WITH FIRST FULL YEAR BENEFIT IN 2022
    * FIRST MID BANCSHARES INC - ANTICIPATES NON-RECURRING COSTS
DURING 2021 ASSUMING NO GAIN OR LOSS ON OWNED FACILITIES

Source text for Eikon:  ID:nGNX9DlTlz 
Further company coverage:  FMBH.O 

 ((Reuters.Briefs@thomsonreuters.com;))