Loan & DebtApr 15, 2026, 01:06 PM

First Mid Bancshares Secures $35M in New Loan Facilities

AI Summary

First Mid Bancshares, Inc. has secured new financing totaling $35.0 million from Bankers' Bank. This includes a $15.0 million revolving line of credit, maturing in April 2027, and a $20.0 million term loan, due in April 2029. The new facilities provide the company with additional liquidity, with interest rates tied to the Wall Street Journal Prime Rate and SOFR, respectively.

Key Highlights

Secured $15.0 million revolving line of credit.
Obtained $20.0 million term loan.
Revolving line matures April 10, 2027, with initial rate ~6.00%.
Term loan matures April 10, 2029, with initial rate ~6.402%.
Total new financing amounts to $35.0 million.

View SEC Filing

FMBH

Major Banks

FIRST MID BANCSHARES, INC.

Price Impact