First Mid Insurance Group (FMIG), a division of First Mid Bancshares Inc., has announced the acquisition of certain assets from AAdvantage Insurance, including the Waterman-Neely agency in Chatham, IL. This strategic move aims to expand FMIG's presence in the Springfield, IL, area and enhance its commercial lines capabilities in the Metro East and St. Louis markets. The acquisition will bring experienced team members into FMIG, bolstering the company's industry expertise and ability to provide specialized local service. Clay Dean, CEO of First Mid Insurance Group, emphasized that the acquisition will enhance FMIG's retail and commercial risk management presence in the region and strengthen its commercial team in Edwardsville, IL. Clients transitioning to FMIG can expect a seamless experience with continued support from their existing relationship managers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.