Archive: Blog Articles

Do You Need a Home Equity Loan or Line of Credit?

Not sure whether a home equity loan or a home equity line of credit (HELOC) is right for you? Chad Abernathy, Senior Vice President and Regional Lending Manager, and Mike Krueger, Consumer and HELOC Credit Manager, break down the differences between home equity loans and HELOCs. What are home equity loans ...read more

Simple Ways to Teach Your Kids About Money

Teaching kids about the value of money and saving at a young age can help them become financially responsible as they get older. If you're unsure of where to start, here are some simple ideas you can use now to incorporate money lessons into your child's everyday life. Ready, Set, ...read more

Let’s Talk Treasury Management

Understanding the best possible treasury management programs and services for you and your business starts with a consultation with experts in the field. Keri McPherson, Treasury Management Relationship Manager, breaks down the ins and outs of treasury management at First Mid Bank & Trust. What is treasury management?Keri explains, “Treasury Management ...read more

Medicare Annual Enrollment Period: Are You Ready?

This year’s Medicare annual enrollment period runs from October 15 to December 7. During annual enrollment, you will need to decide if your current Medicare health plans and prescription drug coverage still meet your needs or decide if you have to make changes for the following year. There is a lot ...read more

Cyber Risk Insurance

Does your business worry about Cyber Risk? There’s insurance for that. Businesses should be careful about all aspects of protection, but, in the last three years, cyber risk has seen the largest percentage increase in claims – more than any other type of coverage. As our world becomes more reliant on ...read more

Stuck Dreaming About Your Dream Home?

Financing a new home can be daunting… but it doesn’t have to be. First Mid can help. Our mortgage lenders live and work in your community, and are ready to answer your questions.  https://youtu.be/dOjiN8g9L9c To help you prepare for this milestone, we are sharing some helpful tips for first-time homebuyers, so you'll ...read more

We Have Farmers in Mind

Whether you need a loan for this year's crop or need help managing farm property, we have an experienced team of ag professionals you can turn to. Ag Business Our experienced farm managers see that the client's property is managed in an efficient manner, keeping the farm's ownership goals in mind. Our ...read more

How Much Can an IRA Save You on Taxes?

Don’t forget: The deadline to file your 2019 federal income tax return is April 15, 2020. If you’re looking for a last minute way to reduce your 2019 taxes, contributing to an Individual Retirement Account (IRA) may be an option for you. Anyone who has earned income, or has a spouse ...read more

Give the Gift of Education this Holiday Season

With the price of a college education in the U.S. consistently rising, it’s never been more important to start planning ahead. By getting an early start with a 529 College Savings Plan, you can help your child or grandchild prepare for rising tuition costs. A 529 savings plan is a valuable ...read more

First Mid Ag Services Now Has Six Regional Offices

Longtime recipients of Midwest Farmowner, a newsletter published by First Mid Ag Services, have been familiar with our staff and offices in Bloomington, Decatur, Kankakee, Peoria and Springfield, previously Soy Capital Ag Services offices. With the recent transition to First Mid Ag Services, we have added another regional Ag Services ...read more