First Mid Bancshares signs USD 19.71 million note with Bankers' Bank at 6.125% rate
FMBH•Security for the loan
The note is secured by a negative pledge over 100% of the stock of subsidiary First Mid Bank & Trust.
Balloon payment and refinancing terms
The company estimated a balloon payment of USD 17.31 million due Sept. 28, 2029.
The financing refinances a Sept. 28, 2022 note, and prepayment is allowed without penalty.
First Mid Bancshares signs new promissory note
First Mid Bancshares executed a USD 19.71 million promissory note with Bankers' Bank on July 10, 2026.
The loan carries a fixed 6.125% rate; 38 monthly payments of USD 161,205 start July 28, 2026.
