First Mid Bancshares, Inc. Announces Acquisition of Evergreen Bancshares, Inc.

First Mid Bancshares announced a definitive agreement to acquire Evergreen Bancshares (parent of American Bank of Freedom) for approximately $70.7 million in a stock and cash transaction. The deal is expected to close in Q1 2027 and strengthen First Mid's presence in St. Louis, the I-70 corridor, and establish operations in the greater Indianapolis market. The transaction is projected to be 5.0% accretive to earnings per share in 2028.