Matthew K. Smith was named CEO and president of Mattoon, Ill.-based First Mid Bancshares and its subsidiary, First Mid Bank & Trust, N.A..Smith, who previously served as president of the company, will also be appointed to its board of directors. Chair and CEO Joseph R. Dively will transition to executive chair of the board. Smith’s appointment followed a multi-year process led by the Board of Directors. He joined First Mid a decade ago as CFO and was named president in June 2025. A CPA, Smith is credited with leading the company’s growth to $9.3 billion in assets from $2.8 billion.Dively, chair and CEO of First Mid Bancshares since 2014, has been a director since 2004. He was previously senior executive vice president of First Mid Bancshares and president of First Mid Bank & Trust from 2011-13. Dively is credited with helping the company list on the Nasdaq index.
