Business
First Mid Names Matt Smith CEO and President; Joe Dively to Transition to Executive Chairman as Part of Planned Succession
MATTOON, Ill., April 29, 2026 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid”) today announced a leadership transition as part of its long-term, board-led succession planning process. Effective July 1, 2026, Matthew K. Smith, President of the Company, will become Chief Executive Officer and President of First Mid and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the Company’s Board of Directors. Joseph R. Dively, Chairman and Chief Executive Of
About this update from First Mid Bancshares, Inc.
[{"type":"image","alt":"First Mid Bancshares, Inc.","displaySize":"","headline":null,"caption":"First Mid Bancshares, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":86,"url":"https://media.zenfs.com/en/globenewswire.com/f68460eaa4305ce13527c04987cafcd6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/sn1xqDnVSXNb.3Q78rjbLg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMA--/https://media.zenfs.com/en/globenewswire.com/f68460eaa4305ce13527c04987cafcd6","width":300,"height":86}},"lazy":false},{"type":"text","content":"MATTOON, Ill., April 29, 2026 (GLOBE NEWSWIRE) -- First Mid Bancshares, Inc. (NASDAQ: FMBH) (“First Mid”) today announced a leadership transition as part of its long-term, board-led succession planning process. Effective July 1, 2026, Matthew K. Smith, President of the Company, will become Chief Executive Officer and President of First Mid and its subsidiary, First Mid Bank & Trust, N.A., and will be appointed to the Company’s Board of Directors. Joseph R. Dively, Chairman and Chief Executive Officer, will transition to Executive Chairman of the Board.","length":562,"tagName":"p"},{"type":"text","content":"The decision follows a comprehensive, multi-year process led by the Board of Directors to identify the right leader to guide First Mid forward while maintaining the culture, strategy, and performance that define the Company.","length":224,"tagName":"p"},{"type":"text","content":"Smith joined First Mid in 2016 as Chief Financial Officer and was named President in June 2025. In those roles, he has helped shape the Company’s financial strategy, capital planning, and merger and acquisition activity, playing a key role in its expansion. During his tenure, First Mid has grown from approximately $2.8 billion to $9.3 billion in total assets, driven by both strategic initiatives and organic performance.","length":423,"tagName":"p"},{"type":"text","content":"A Certified Public Accountant (CPA), Smith holds undergraduate and graduate degrees in finance, business administration, and accounting, and has completed executive leadership programs and the Graduate School of Banking. He is actively engaged in the communities First Mid serves.","length":280,"tagName":"p"},{"type":"text","content":"“I am honored to step into this role and build on the foundation established under Joe’s leadership,” said Smith. “First Mi...