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First Mid-Illinois Bancshares Inc (FMBH.OQ)

FMBH.OQ on NASDAQ Stock Exchange Global Market

39.09USD
11 Dec 2017
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Summary

Name Age Since Current Position

Joseph Dively

57 2013 Chairman of the Board, President, Chief Executive Officer

Matthew Smith

43 2017 Chief Financial Officer, Executive Vice President

Michael Taylor

47 2017 Chief Operating Officer, Senior Executive Vice President

Bradley Beesley

2016 Executive Vice President& Chief Trust and Wealth Management Officer

Eric McRae

51 2017 Executive Vice President; Chief Credit Officer of First Mid Bank

William Rowland

70 2013 Director

Holly Bailey

46 2012 Independent Director

Robert Cook

34 2014 Independent Director

Steven Grissom

64 2000 Independent Director

Gary Melvin

68 1990 Independent Director

Ray Sparks

60 1994 Independent Director

Mary Westerhold

51 2016 Independent Director

James Zimmer

53 2014 Independent Director

Aaron Holt

2017 IR Contact Officer

Biographies

Name Description

Joseph Dively

Mr. Joseph R. Dively is Chairman of the Board, President, Chief Executive Officer of the Company. Dively has served as a director of the Company since 2004. Mr. Dively has a bachelor’s degree in Business from Eastern Illinois University and has also completed a “Finance for Executives” program through the graduate school of business at the University of Chicago. Mr. Dively has held a variety of management positions in diverse business units which included financial statement responsibilities since 1991. He served as Senior Executive Vice President of the Company and President of First Mid Bank from May 2011 to December 2013. On January 1, 2014, Mr. Dively became the Chairman of the Board of Directors and CEO of the Company. He also retained his position as President of First Mid Bank. Mr. Dively provides a wealth of institutional knowledge of the Company. Prior to his employment with the Company, Mr. Dively was Senior Vice President of Consolidated Communications Holdings, Inc., a publicly traded telecommunications holding company headquartered in Mattoon, Illinois. Mr. Dively has also served on the boards of directors of several other organizations where his duties included working with investors, executive teams and other board members. Mr. Dively’s current and previous experiences also assist the Board of Directors in dealing with issues related to the Company’s local communities and the Board of Directors also benefits from his perspective serving as a former executive officer of a publicly traded company.

Matthew Smith

Mr. Matthew K. Smith serves as Chief Financial Officer, Executive Vice President of the company. Prior to joining the Company, Mr. Smith served, from 2008 to 2016, as the Corporate Treasurer and Vice President of Finance and Investor Relations for Consolidated Communications Holdings, Inc. Following his appointment as Chief Financial Officer of the Company, Mr. Smith will serve as the Chief Financial Officer of the Bank, Data Services and the Insurance Group.

Michael Taylor

Mr. Michael L. Taylor serves as Chief Operating Officer, Senior Executive Vice President of First Mid-Illinois Bancshares Inc and First Mid-Illinois Bank & Trust, N.A. Mr. Taylor is a graduate of the University of Illinois (U of I) and of the Graduate School of Banking, University of Wisconsin. He served on the American Bankers Association Accounting Committee Board in Washington, D.C. from 2008-2012 and two terms on the Eastern Illinois University Accounting Advisory Board. Active in the community, Taylor is the former treasurer and board member of the Mattoon Area Family YMCA and is a supporter of the U of I Alumni Association. He was also a former board member of his local church and coached youth baseball and basketball for 10 years.

Bradley Beesley

Eric McRae

Mr. Eric S. McRae is Executive Vice President of First Mid-Illinois Bancshares Inc and Chief Credit Officer of First Mid Bank. Mr. McRae, age 51, has been Executive Vice President of the Company and Executive Vice President, Senior Lender of First Mid Bank since December 2008 and will retain his roles as Executive Vice President of the Company and Executive Vice President of the Bank upon assuming the position of Chief Credit Officer of the Bank. He served as First Mid Bank’s Decatur Regional President from 2001 to December 2008.

William Rowland

Mr. William S. Rowland is Director of First Mid Illinois Bancshares Inc. He has served as a director of the Company since 1991. Mr. Rowland has a bachelor’s degree in Accounting from St. Ambrose University. He served as Chairman of the Board of Directors and Chief Executive Officer of the Company until his retirement on December 31, 2013 (1999-2013). Previously, he was Treasurer and Chief Financial Officer of the Company (1989-1999). Prior to employment with the Company, Mr. Rowland was a CPA with the accounting firm KPMG, LLP. Mr. Rowland is and has been a member of several community boards, as well as the Illinois Bankers Association.

Holly Bailey

Ms. Holly A. Bailey is an Independent Director of First Mid-Illinois Bancshares Inc. Ms. Bailey has a bachelor’s degree in Economics from DePauw University and an MBA degree from Texas Christian University. She is the President of Howell Asphalt Company, Wabash Asphalt Company, Inc., General Contractors and Prosser Company, which are subsidiaries of Howell Paving, Inc., of which she is also President (since 2013). She served as Executive Vice President of Howell Paving, from 2008-2013 and Vice President of Howell Asphalt Company and Howell Paving from 1997 until 2008. Her leadership experience and the business knowledge gained in her work with these companies and her experiences within the communities served by the Company assist the Board of Directors in various areas of its oversight.

Robert Cook

Mr. Robert S. Cook is an Independent Director of the Company. Mr. Cook has a bachelor's degree in Finance from the University of Missouri. He is currently the managing partner of TAR CO Investments LLC, which primarily invests in community banks. From 2009 to 2014, Mr. Cook was Vice President of FIG Partners, LLC, an investment banking firm, where he led corporate development efforts with community banks and thrifts for the company's Midwest practice. He also serves on the board of directors of another bank. His experience analyzing financial statements and making assessments of community banks in the Midwest assists the Board of Directors in various aspects of oversight and decision making.

Steven Grissom

Mr. Steven L. Grissom is an Independent Director of the Company. And has been determined by the Board of Directors to be an audit committee financial expert. Mr. Grissom has a bachelor’s degree in Business with an Accounting major from Eastern Illinois University, and has passed the Certified Public Accountant (“CPA”) and Personal Financial Specialist (“PFS”) exams. He was employed by a regional CPA firm from 1974 to 1981 where his experience included review of internal control procedures and analysis of major financial transactions including evaluation of appropriate accounting treatment under generally accepted accounting principles. From 1981 to 2005, Mr. Grissom held various positions at Illinois Consolidated Telephone Company which included tax and treasury responsibilities. Mr. Grissom is currently the Chief Executive Officer of SKL Investment Group, LLC, a private investment company where his responsibilities include tax and accounting functions and evaluation of financial statements for various investment opportunities. These skills serve the Board of Directors in its assessment of complex financial and investment matters.

Gary Melvin

Mr. Gary W. Melvin is an Independent Director of the Company. Mr. Melvin has a bachelor’s degree in Economics from Western Illinois University and for thirty-five years (1979-2013) served as president, CEO and majority owner of Rural King Farm & Home Supplies, Inc., a retail farm and home supply store chain where he was actively involved with management in all aspects of the business. He currently serves as consultant and director, as well as a major stockholder, of Rural King Farm & Home Supplies, Inc. Mr. Melvin’s ownership and leadership role in an important local and regional retailer provides the Board of Directors with a knowledgeable and skilled local business outlook.

Ray Sparks

Mr. Ray Anthony Sparks is an Independent Director of First Mid Illinois Bancshares Inc. Mr. Sparks has a bachelor’s degree in Business Administration with an accounting major from Millikin University and an MBA degree from Eastern Illinois University. He is the Senior Advisor (since May 2015) and former Chief Executive Officer (2009-April 2015) of the Mattoon Area Family YMCA and a private investor (since 1997). He was President of Elasco Agency Sales, Inc. and Electric Laboratories and Sales Corporation, a distributor of electrical supplies until 1997. He has also served as a director and officer for various not-for-profit organizations in the community. Mr. Sparks has been a user of financial statements in these positions and has experience dealing with CPAs, investment bankers and attorneys. These experiences and his strong financial background assist the Board of Directors in all areas of its oversight.

Mary Westerhold

Ms. Mary J. Westerhold is an Independent Director of the Company. following the Company's acquisition of First Clover Leaf Financial Corp. She was as director of First Clover Leaf Financial Corp. from 2011-September 2016. Ms. Westerhold has a bachelor's degree in Business Administration with a minor in Finance from Stephens College and an MBA degree from St. Louis University. She is the Vice President and Chief Financial Officer (since 1997) and Controller (from 1992 to 1997) of Madison Communications, Inc. and its affiliate telecommunications companies, Madison Telephone Company and Madison Network Systems, Inc. She also served as a Commercial Loan Officer for Mark Twain Bancshares (1989-1991). Ms. Westerhold’s experience in managing the operations of the various companies provides the Board with valuable general business experience. In addition, her financial and accounting experience provides the Board with valuable insight in accounting and strategic transactions involving the Company. Additionally, having served as a director of First Clover Leaf Financial Corp., Ms. Westerhold brings in-depth knowledge of the Company's newly acquired operations and the market in which it operates.

James Zimmer

Mr. James E. Zimmer is Independent Director of the Company. Mr. Zimmer has an MBA degree from Washington University. From 1992-2010, he held a variety of sales, marketing and executive positions throughout the agricultural industry with Monsanto Corporation. Mr. Zimmer is currently the owner and operator of Zimmer Real Estate Properties, a premier student housing provider and the co-founder of Bio-Enzyme, an agriculture business focused on innovative solutions for farmers (since 2010). His experience and knowledge gained from these agriculture-related businesses will assist the Board of Directors in the communities it serves and various areas of its oversight.

Aaron Holt