Jefferson Bank & Trust Company reached a definitive agreement to be acquired by First Mid-Illinois Bank & Trust (NAS: FMBH) for $106.3 million on July 29, 2021.

Jefferson Bank & Trust Company is a provider of commercial banking services in Saint Louis, Missouri. The company offers personal banking, mortgage loans, online banking services, helping customers with efficient banking services.

The merger provides First Mid-Illinois Bank & Trust customers access to a larger banking network and an expanded array of services.