First Mid Bancshares, Inc. has received approval from the Iowa Division of Banking for its planned acquisition of Two Rivers Financial Group, Inc., according to a recent company filing. The deal, which will see Two Rivers merge into a wholly-owned subsidiary of First Mid, was first announced in October 2025. The closing of the transaction is expected to occur in the first quarter of 2026, pending final regulatory approval from the Board of Governors of the Federal Reserve System and the satisfaction of customary closing conditions.

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