First Mid Bancshares, Inc. has completed its acquisition of Two Rivers Financial Group, Inc., the Mattoon, Ill.-based bank holding company announced.
According to a company release, Two Rivers had approximately $1.2 billion in assets, $883 million in loans and $1 billion in deposits as of Dec. 31, 2025, along with more than $1.2 billion in trust and wealth assets under management across 14 Iowa locations.
With the deal closed, First Mid now holds approximately $9.1 billion in total assets and $7.9 billion in total trust and wealth assets under management.
No immediate changes are planned for Two Rivers customers. Account conversions are expected to occur in June, with customers to receive advance notice of any changes affecting them.
“We welcome Two Rivers’ customers and employees to First Mid and are excited to provide expanded services to the strong relationships the Two Rivers team has built over the years,” said Joe Dively, First Mid chairman and chief executive officer. “We have worked closely with the Two Rivers team over the last few months to ensure a smooth transition.”
First Mid Bancshares is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, Inc., First Mid Wealth Management Co. and Two Rivers Bank & Trust. The company offers banking, wealth management, brokerage, agricultural services and insurance through locations in Illinois, Missouri, Texas and Wisconsin, as well as a loan production office in the greater Indianapolis area.
