Mattoon, IL (February 12, 2024) First Mid Bank & Trust (First Mid) is pleased to announce a strategic transition that will see two talented employees assuming new roles within the organization’s financial leadership team. This move reflects the company’s commitment to fostering professional growth and leveraging the diverse skills of team members to enhance overall organizational effectiveness.
Aaron Holt will be transitioning from his current role as Director of Investor Relations to assume the responsibilities of Asset/Liability Manager. Simultaneously, Austin Frank will be stepping into the Director of Investor Relations role. Both employees bring a wealth of experience, dedication, and expertise to their new positions, ensuring a smooth transition.
An integral part of First Mid for over 15 years, Holt has consistently demonstrated exceptional leadership, innovation, and a deep understanding of the financial services industry through various positions with the company. He will now play a critical role in maintaining the financial health of First Mid by strategically managing the balance sheet and net interest margin to achieve financial objectives and mitigate risks. He earned his Bachelor of Science in Finance from Eastern Illinois University and is currently attending the Graduate School of Banking at the University of Wisconsin-Madison.
Frank has been an invaluable asset to First Mid, contributing significantly to the success of the lending department. In his new role, he will manage communication and relationships between the company and its investors, analysts, and other stakeholders in the financial community, as well as lead the due diligence financial analysis for any future acquisitions. With a solid background in finance, dedication to excellence, and collaborative approach, Frank strengthens the financial leadership team and will undoubtedly contribute to overall organizational success. He earned his Bachelor of Science in Finance and Master of Business Administration degrees from Eastern Illinois University.
“These strategic appointments reflect the bench strength within our organization and our commitment to excellence in financial management,” said Matt Smith, Chief Financial Officer at First Mid. “Aaron and Austin have had very successful careers with First Mid, and they will continue to play a pivotal role in achieving our goals and the financial performance our stakeholders expect. We are confident their skills and leadership will
make a positive impact, further solidifying our position as a leader in the financial services sector.”
About First Mid Bancshares, Inc.:
First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., First Mid Insurance Group, and First Mid Wealth Management Company. First Mid is an $7.6 billion community-focused organization that provides financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin, and a loan production office in Indiana. Together, our First Mid team takes great pride in providing solutions and services to our customers and communities and has done so since 1865. More information about the Company is available on our website at firstmid.com. Our stock is traded in The NASDAQ Stock Market LLC under the ticker symbol “FMBH”. Member FDIC | Equal Housing Lender
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