First Mid Bancshares in Mattoon, Ill., has a new president.
The $7.6 billion-asset company said in a press release that Matthew Smith had taken on the new role. Smith, who was the chief financial officer, is now responsible for all First Mid lines of business
Jordan Read, who succeeded Smith as CFO, will remain chief risk officer.
“I believe it’s the right time to elevate Matt to the role and continue strengthening our leadership team for the future,” Joe Dively, who remains chairman and CEO, said in the release. “He has consistently demonstrated leadership, financial expertise, and a strong commitment to our customers and communities.”