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-0.000251952632904964 -0.000251952632904964 0.0155076845553037 0.0155076845553037 0.00226757369614521 -0.0110859158478206 -0.0110859158478206 -0.0110859158478206
Stock impact report

First Mid-Illinois Bancshares to Acquire SCB Bancorp, Inc.

First Mid Bancshares, Inc. (FMBH) 
Last first mid bancshares, inc. earnings: 4/30 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: firstmid.com/investor-relations
Company Research Source: GlobeNewswire
MATTOON, Ill. and DECATUR, Ill., June 12, 2018 (GLOBE NEWSWIRE) -- First Mid-Illinois Bancshares, Inc. (“First Mid”) (NASDAQ:FMBH) and SCB Bancorp, Inc. (“SCB”) announced today the execution of a definitive agreement under which First Mid will acquire all of the outstanding shares of SCB.  SCB is the holding company for Soy Capital Bank and Trust Company (“Soy Capital Bank”), which includes a wholly owned subsidiary, J.L. Hubbard Insurance and Bonds (“J.L. Hubbard”).  Under the terms of the agreement, SCB shareholders may elect to exchange each share of SCB common stock for either 8.0228 shares of First Mid common stock or $307.93 in cash, subject to certain potential adjustments.  Overall elections are subject to proration such that, depending on the number of shares of SCB common stock electing First Mid common stock between 19 and 32.5 percent of Show less Read more
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