First Mid Insurance Group Acquires Purdum-Gray-Ingledue-Beck (PGIB) Insurance Agency

June 16, 2023

First Mid Insurance Group (FMIG), the insurance arm of First Mid Bancshares, acquired Purdum‑Gray‑Ingledue‑Beck (PGIB) Insurance and Investments Agency, a long-established Macomb, Illinois insurance agency. The deal expands First Mid’s insurance capabilities and vertical expertise (notably healthcare and hospitality) while broadening its Midwest presence and client relationships.

Buyers
First Mid Insurance Group, First Mid Bancshares, Inc.
Targets
Purdum-Gray-Ingledue-Beck (PGIB) Insurance and Investments Agency
Industry
Insurance
Location
Illinois, United States
Transaction Type
Buyout

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