Below are answers to frequently asked questions about the conversion of business checking and savings accounts from Blackhawk Bank to First Mid.
Checking Accounts
Will my checking account number change?
Most account numbers will remain the same, but some will change. You will receive a separate personal notification with your new account number if it changes.
Can I still use my present supply of checks?
Unless you have been notified by letter with specific instructions that your account number will change, you may continue to use your Blackhawk Bank checks through October 31, 2024. As you need to re-order checks, visit your local First Mid banking center or call the Customer Support Center at 877-888-5629.
If you are notified that your account number is changing, you will receive a complimentary supply of checks with your new account information.
ACTION > If you currently order checks from a vendor other than Harland Clarke, you will need to provide them with your account number and First Mid’s routing number. Your local banking center can assist you with this.
First Mid’s Routing Number is: 071102076
What First Mid product will my business checking account transfer to?
The table below shows how your current account will migrate to a First Mid product. This information may also be viewed on page 15 of the Customer Welcome Guide.
To view Business Checking account conversion information in Spanish, click here. First Mid Bank & Trust, NA no proporciona solicitudes de cuenta, divulgaciones, estados de cuenta ni ningún otro documento de cuenta en ningún idioma que no sea el inglés.
If you would like to switch your checking account after December 4, 2023, you may learn more about our other business checking options or visit your local First Mid banking center.
Savings, CDs, Money Markets
Will my account number change?
Most account numbers will remain the same, but a few will change. You will receive a separate personal notification with your new account number if it changes.
Will my account be covered by FDIC insurance?
Coverage by the FDIC will remain in effect for your funds on deposit as per current Federal guidelines. Presently, each depositor is insured to at least $250,000, an amount that may be higher based on multiple account ownership categories. You can determine your FDIC coverage by using the FDIC’s helpful online tool at www.fdic.gov/edie/.
Will the interest rate I am earning on my Certificate of Deposit change?
Your current interest rate is guaranteed to maturity on your Certificate of Deposit account.
What happens to my interest payments on my CDs and IRAs?
- If interest is currently posted to your CD and/or IRA, this will continue.
- If interest currently transfers to a Blackhawk Bank deposit account, this will continue to your First Mid account.
- If interest currently transfers to another financial institution, this process will remain the same.
- If interest is currently received by check, this will continue. Interest in the amount of $5.00 or less will be credited to the account instead of issuing a check. Interest payments on CDs may be withdrawn from the balance without penalty.
If you would like to make any changes to how your interest payment is distributed, please contact your local First Mid banking center after December 4, 2023.
What First Mid product will my business savings or money market account transfer to?
The table below shows how your current account will migrate to a First Mid product. This information may also be viewed on page 16 of the Customer Welcome Guide.
To view Business Savings and Money Market account conversion information in Spanish, click here. First Mid Bank & Trust, NA no proporciona solicitudes de cuenta, divulgaciones, estados de cuenta ni ningún otro documento de cuenta en ningún idioma que no sea el inglés.
If you have any questions regarding the conversion of your business checking, savings, CD, or money market, please contact our Customer Support at 877-888-5629.
