Management ChangeApr 29, 2026, 05:21 PM
FMBH: Matthew K. Smith Named CEO; Joseph R. Dively to Executive Chairman
AI Summary
First Mid Bancshares, Inc. announced a leadership transition as part of its long-term succession planning. Effective July 1, 2026, Matthew K. Smith, current President, will become Chief Executive Officer and President and join the Board of Directors. Joseph R. Dively, Chairman and CEO, will transition to Executive Chairman, continuing to lead board strategy, governance, oversight, and M&A strategy. Smith has been instrumental in the company's growth from $2.8 billion to $9.3 billion in assets since joining in 2016.
Key Highlights
- Matthew K. Smith appointed CEO and President, effective July 1, 2026.
- Joseph R. Dively to transition to Executive Chairman of the Board.
- Smith joined First Mid in 2016 as CFO and was named President in June 2025.
- Company assets grew from approximately $2.8 billion to $9.3 billion during Smith's tenure.
- Dively served as Chairman and CEO since January 1, 2014.
- Dively will retain primary responsibility for First Mid's mergers and acquisitions strategy.