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Schiff Hardin is representing First Mid-Illinois Bancshares, a financial holding company, in its acquisition of First BancTrust Corporation. The deal is valued at approximately $73.8 million and expected to close in mid-2018.
The transaction gives First Mid a deeper presence in the Champaign-Urbana region and extends its footprint into the adjacent counties to the east of its headquarters. First Mid is a community-focused organization that provides financial services through a network of 52 banking centers in 37 Illinois and Missouri communities.