SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report AUGUST 5, 1998
(Date of earliest event reported)
FIRST MID-ILLINOIS BANCSHARES, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-13368 37-1103704
(Commission File Number) (I.R.S. Employer Identification Number)
1515 CHARLESTON AVENUE, MATTOON, ILLINOIS 61938
(Address of principal executive offices)(Zip Code)
(217) 234-7454
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On August 5, 1998, the Registrant announced through a letter to its
stockholders that its Board of Directors has authorized the repurchase of
up to three percent (3%) of the total number of shares of the Company's
common stock outstanding. For more information regarding this matter,
reference is made to the letter to stockholders, a copy of which is
attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
EXHIBIT NO.
99.1 Letter to Stockholders, dated August 5, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
FIRST MID-ILLINOIS BANCSHARES, INC.
Dated: August 5, 1998 By:/S/ WILLIAM S. ROWLAND
William S. Rowland
Chief Financial Officer
To the Shareholders August 5, 1998
First Mid-Illinois Bancshares, Inc.
We are pleased to announce that the Board of Directors has approved
the repurchase of up to 3% of the Company's common stock. The repurchase
program demonstrates the Board's confidence in the long-term future of
the Company as well as its commitment to improve the overall level of
services to shareholders. The shares will be repurchased at the most
recent market price of the stock. Shareholders who are interested in
selling their shares to the Company should contact Ms. Christie Burich,
Manager of Shareholder Services at 217/258-0493.
Another noteworthy item to report is the establishment of First Mid-
Illinois Insurance Services, Inc. which recently began operations as a
wholly owned subsidiary of First Mid-Illinois Bank & Trust. First Mid
Insurance will operate as part of the Bank's Trust and Investment Group
under the direction of Bank Executive Vice President, Jack Kuzcynski.
This area of the Bank offers a wide range of investment advisory, estate
and retirement planning, retail brokerage and now life insurance
services. Kuczynski noted, "This area of our business is growing rapidly
as our customers look to the Bank for assistance with their long-term
financial planning. We are enthusiastic about the opportunity to add
life insurance to our product mix as it is a natural compliment to the
other services the Group offers." Shareholders who have an interest in
these services should contact Jack Kuzcynski at 217/258-0652.
Daniel E. Marvin, Jr. William S. Rowland
President and Chief Executive Officer Executive Vice President and
Chief Financial Officer
