First Mid-Illinois stock shifts to Nasdaq
MATTOON — First Mid-Illinois Bancshares expects its common stock to begin trading Monday on the Nasdaq Global Market exchange under the ticker symbol FMBH.
Chairman and CEO Joe Dively announced the change at the company's recent annual shareholders meeting. The bank holding company's stock has been trading on the Over The Counter Bulletin Board system.
Listing the stock on the Nasdaq Global Market "should increase the company's visibility in the marketplace by providing a larger trading platform for potential investors and the capacity for greater liquidity and efficiency in our stock trading," Dively said.
The move is expected to enhance the long-term value of the company and support growth through acquisition or other moves, he said.
First Mid-Illinois Bancshares, based in Mattoon, is the parent company of First Mid-Illinois Bank and Trust, which has 37 locations in 25 communities across Illinois, including Champaign, Urbana, Mahomet, Monticello, Mansfield, Weldon, Tuscola, Arcola, Charleston, Mattoon and Sullivan.