Business/Commercial Loans

Blackhawk Bank is becoming First Mid Bank & Trust

Below are answers to frequently asked questions and information about the conversion of business/commercial loans from Blackhawk Bank to First Mid.

Will the terms of my loan change?

The loan terms remain unchanged until maturity or modification for all loans, unless you are notified of a specific change with your loan. 

I currently pay my loan with a coupon book from Blackhawk. Will I receive a new book from First Mid?

No. First Mid will send out monthly billing notices to all loan customers instead of coupon books. Once you begin receiving notices from First Mid, please destroy your Blackhawk Bank coupon book and make your future payments with the notice you receive from First Mid.

Who should I contact for inquiries about my existing loan following December 4, 2023?

For questions pertaining to payment processing, insurance, or obtaining payoff quotes, please contact one of our Servicing Centers specific to your loan.

Commercial Loan Servicing:  800-648-6145

Will I see a change in my credit report during conversion?

During the conversion, Blackhawk Bank is obligated to report your loan as transferred to another institution with a zero balance. In December, your loan will appear on your credit report as a First Mid loan, showing the current balance. It’s important to note that this reporting change specifically pertains to loans currently reported to the credit bureau. Consequently, third-party credit monitoring services may record a temporary decrease in your credit score. For an accurate credit score, you should request it through one of the three major credit bureaus (TransUnion, Experian, Equifax). 

Important Notices Regarding Loan Payments

All loan payments must be accompanied by the account number or payment notice provided.  Please note that if you receive notices or statements, they may arrive on a different day of the month.  Loan payments can be made in person at any of our First Mid banking centers or through Online Banking at Please review your account address information to ensure all loan notices/statements are received.

Payments may also be mailed to the address listed on your new notice or: 
First Mid Bank & Trust
P.O. Box 499
Mattoon, IL  61938

Normal hours of operation for receiving loan payments are: 
9:00 a.m. – 5:00 p.m. (CT) 
Monday – Friday, except bank holidays  
All other payments received will be credited as of the next loan operations business day or as otherwise permitted by law.

Late Charges and Notice Statements

Effective December 4, 2023, you will notice a change in the way late charges are presented on your notices/statements. Late charges, if applicable, will now be prominently displayed on your regular billing notices/statements. This enhancement aims to provide you with clearer visibility into the outstanding late charges that may have been incurred. 

In addition to the total of all late charges being presented on your notices/statements, any excess amount you pay towards your loan account payment will be utilized to satisfy any outstanding late charges before being applied to the principal balance.  

If you have any questions regarding the conversion and your commercial loan, please contact our Commercial Loan Servicing Center at 800-648-6145.