FIRST MID BANCSHARES, INC. First Mid Bancshares, Inc. (First Mid) announced that the acquisition of Blackhawk Bancorp, Inc. (Blackhawk) has been completed on August 15, 2023. Pursuant to the Merger Agreement, First Mid agreed to take all appropriate action, subject to and in accordance with First Mid?s bylaws, to appoint one individual, mutually agreeable to the parties to the Merger Agreement, from among the current members of the board of directors of Blackhawk to the board of directors of First Mid as of the effective time of the Merger. On August 14, 2023, with the agreement of Blackhawk, First Mid?s board of directors adopted a resolution, effective as of the closing of the Merger appointing Todd J. James, age 59, as a Class I Director of First Mid and a member of the Risk Committee of the board of directors, with a term to expire at the 2026 annual meeting of First Mid?s stockholders, or when his successor is duly elected and qualified, unless he shall earlier resign or be removed.
As a result, on August 15, 2023, when the Merger became effective, Mr. James?s appointment as a Class I Director of First Mid, and a member of the Risk Committee, became effective.
