All-Female State Officer Team Elected At Illinois
Future Farmers Of America Convention
Pictured above (from left to right) are Illinois State FFA Officers Shaylee Clinton, Reporter; Eliza Petry,
Vice President; Sophia Hortin, President; Miriam Hoffman, Secretary; Taylor Hartke, Treasurer
SPRINGFIELD – The all-female 2018-2019 Illinois State Officer Team was elected Thursday at the 90th annual Illinois State FFA Convention. This marks the first time in the Illinois Association FFA’s 90-year history when all major state officers are women. The officers were installed Thursday afternoon to serve the Illinois Association FFA for the next 12 months.
The newly elected officers are:
• President: Sophia Hortin is the seventh female Illinois FFA President in the Association’s history. Hortin, 18, of Fisher (Champaign County) and the Fisher FFA Chapter. She is the daughter of Mark and Shanna Hortin and a 2018 graduate of Fisher High School. “Being a state officer is about building a better future for the organization and its members,” Hortin says. “It’s about building relationships, leaders for agriculture, and a culture that fulfills the FFA mission of premier leadership, personal growth, and career success. It is about helping members build their own successes and build their dreams.”
• Vice President: Eliza Petry, 17, of Rochelle (Ogle County) and the Rochelle FFA Chapter. She is the daughter of Erik and Ellen Petry and a 2018 graduate of Rochelle Township High School. “I want to continue being a leader in the FFA family,” Petry says. “I want to help and encourage members to find their place, develop their potential, and leave their mark on the FFA organization.”
• Reporter: Shaylee Clinton, 19, of Ina (Jefferson County) and the Mount Vernon FFA Chapter. She is the daughter of Wayne and Melinda Clinton, a 2017 graduate of Mount Vernon Township High School, and is enrolled at Kaskaskia College in agriculture science education. “As a state officer, I want to inspire students, help them find their potential, and encourage them to never give up,” Clinton says. “It’s been said to me many times that FFA members are unlike any others, and I’d agree. We have purpose and drive. We are mature and poised and ready to change the world.”
• Secretary: Miriam Hoffman, 18, of Earlville (LaSalle County) and the Earlville FFA Chapter. She is the daughter of Winifred and the late Kenneth Hoffman and a 2018 graduate of Earlville High School. “It’s time for me to give back to this organization that has changed my life more than I ever could have imagined,” Hoffman says. “Being a state officer isn’t about the title, the fame, or the glory. It’s about the people you serve, the dreams you inspire, and the lives you change.”
• Treasurer: Taylor Hartke, 19, of Teutoplis (Effingham County) and the Teutopolis FFA Chapter. She is the daughter of David and Korrie Hartke, a 2017 graduate of Teutopolis High School, and is enrolled at Lake Land College as an agriculture transfer. “As a state officer,” Hartke says, “I want to utilize my positive attitude to encourage and unite members to achieve our mission of making a positive difference in the lives of students by developing their potential for premier leadership, personal growth, and career success through agricultural education.”
First Mid-Illinois Bancshares to Acquire SCB Bancorp, Inc.
MATTOON, Ill. and DECATUR, Ill., June 12, 2018 (GLOBE NEWSWIRE) -- First Mid-Illinois Bancshares, Inc. (“First Mid”) (NASDAQ:FMBH) and SCB Bancorp, Inc. (“SCB”) announced today the execution of a definitive agreement under which First Mid will acquire all of the outstanding shares of SCB. SCB is the holding company for Soy Capital Bank and Trust Company (“Soy Capital Bank”), which includes a wholly owned subsidiary, J.L. Hubbard Insurance and Bonds (“J.L. Hubbard”).
Under the terms of the agreement, SCB shareholders may elect to exchange each share of SCB common stock for either 8.0228 shares of First Mid common stock or $307.93 in cash, subject to certain potential adjustments. Overall elections are subject to proration such that, depending on the number of shares of SCB common stock electing First Mid common stock between 19 and 32.5 percent of the SCB shares will be exchanged for cash, and between 67.5 and 81 percent will be exchanged for First Mid common stock. Additionally, SCB’s outstanding stock options will be fully vested upon consummation of the merger, and all outstanding SCB options that are unexercised prior to the closing will be cashed out. Based upon First Mid’s 10-day volume weighted average price through June 8th of $38.38 per share, the aggregate consideration paid by First Mid is approximately $70.4 million. In addition, SCB intends on issuing an aggregate of $25 million of its cash as a special dividend to its shareholders, and as a corresponding reduction to the exercise price of outstanding options, immediately prior to the close of the transaction.
SCB is a $437 million asset financial services holding company headquartered in Decatur, IL and operates out of six key regions including Bloomington, Champaign, Decatur, Kankakee, Peoria and Springfield. Soy Capital Bank has 10 branch locations and provides full banking services, as well as two additional lines of business that generate significant non-interest income in insurance services and agricultural management services. J.L. Hubbard is the largest community bank owned insurance company in the state of Illinois with gross revenues of approximately $10.1 million in 2017. This division is a full service insurance agency offering commercial insurance, personal insurance, employee benefits packages, and surety bonds. The agricultural services division is the largest farm manager in Illinois with approximately 248,000 acres of farmland under management across eleven states and also provides farmland brokerage and appraisal services.
“The acquisition of SCB strengthens First Mid’s commitment to community banking and further enhances our various lines of business providing an attractive loan and deposit portfolio and a significant increase in non-interest income through services that we are very familiar with,” said Joe Dively, Chairman and Chief Executive Officer of First Mid. “SCB has a long history of delivering excellent service with a community-minded focus and an unmatched diversity of revenue. All three of First Mid’s lines of business, the bank, insurance and wealth and farm management, align perfectly with SCB’s franchise.”
Following completion of the transaction, First Mid is expected to have approximately $3.8 billion in total assets. In addition, First Mid’s wealth and farm management business will have approximately $3.9 billion in assets under management and the combined insurance business will be approximately $14.0 million in annual revenue. First Mid’s non-interest income will increase from 25% of revenue to approximately 31%.
Bob Smith, Chief Executive Officer of SCB, said, “First Mid is a perfect fit both culturally and strategically for our customers, employees and shareholders. The combination creates a larger organization that will broaden and advance the products and services available to our customers. First Mid’s stock, which trades on NASDAQ, will provide our shareholders with enhanced liquidity and ownership in one of the most respected and best performing banks in the region.”
The transaction has been unanimously approved by each company’s board of directors and is expected to close in late-2018, subject to regulatory approvals, the approval of SCB’s stockholders and the satisfaction of customary closing conditions.
FIG Partners, LLC acted as financial advisor and Schiff Hardin LLP served as legal advisor to First Mid. Piper Jaffray & Co. acted as financial advisor and Thomas M. Shade served as legal advisor to SCB.
A slide presentation relating to the transaction can be accessed under the investor relations section of First Mid’s website at www.firstmid.com. In addition, the presentation is included as an exhibit to the Form 8-K filed with the Securities and Exchange Commission announcing the transaction.
First Mid’s mission is to fulfill the financial needs of its communities with exceptional personal service, professionalism and integrity, and deliver meaningful value and results for customers and shareholders. First Mid has grown into a $3.3 billion community-focused organization that provides financial services through a network of 59 banking centers in 42 Illinois and Missouri communities. First Mid also has approximately $1.5 billion in assets under management through its trust and wealth management division and offers insurance services under First Mid Insurance Group. More information about First Mid is available on its website at www.firstmid.com. The stock is traded on The NASDAQ Stock Market LLC under the ticker symbol “FMBH”.
SCB, headquartered in Decatur, Illinois, is a privately-held, $438 million asset bank holding company for Soy Capital Bank and Trust, which provides community banking services primarily in Macon, McLean, Kankakee, Peoria, Champaign, and surrounding counties. In addition, it operates an insurance division under the name J.L. Hubbard Insurance and Bonds and is the largest farm management company in the state of Illinois with approximately 248,000 acres under management. More information about SCB is available on its website at www.soybank.com.
First Mid will file a registration statement on Form S-4 with the SEC in connection with the proposed transaction. The registration statement will include a proxy statement of SCB that also constitutes a prospectus of First Mid, which will be sent to the stockholders of SCB. Investors in SCB are urged to read the proxy statement/prospectus, which will contain important information, including detailed risk factors, when it becomes available. The proxy statement/prospectus and other documents which will be filed by First Mid with the SEC will be available free of charge at the SEC’s website, www.sec.gov, or by directing a request when such a filing is made to First Mid-Illinois Bancshares, P.O. Box 499, Mattoon, IL 61938, Attention: Investor Relations; or to SCB Bancorp, Inc., 455 North Main Street, Decatur, Illinois 62523, Attention: Investor Relations. A final proxy statement/prospectus will be mailed to the stockholders of SCB.
'Look, Stop & Lock' Calls Upon Public to
Help Prevent Property Crime
Decatur, Illinois – Preventing crime can be as easy as locking your door. To help with this effort, several organizations have partnered together to create a simple and fun reminder for residents to protect their homes and cars. The “Look, Stop, & Lock” campaign is a collaborative effort between Decatur Police Department, Macon County Sheriff’s Office, Children’s Museum of Illinois and Limitless Decatur & Macon County.
“Over 80% of all auto break-ins were to vehicles with unlocked doors,” said Shane Brandel, Deputy Chief of Police, Decatur Police Department citing 2017 department statistics. “The logic of leaving a car unlocked to avoid smashed windows simply doesn’t work. Thieves are often juveniles looking for opportunities to take something that’s easy, like items sitting in an unlocked car. Many of these crimes can be prevented by simply locking your doors.”
According to Decatur Police Department statistics, in 2017 over 36% of all home break-ins were to homes with unlocked doors. Open garages and sheds are particularly vulnerable.
Operations Lieutenant for the Macon County Sheriff’s Department, Tony Brown, was a victim of property crime last month when his gym bag was stolen from his car, which was unlocked. “I went inside my house before taking time to lock my car,” says Brown. “Decatur police officers on patrol in the area, recovered my abandoned bag nearby and returned it before I even knew it had been taken. Nobody is exempt from theft.”
Changing habits in adults is difficult, so campaign organizers are taking a different approach and are enlisting children to help prevent property crime. With the opening of Heroes Hall at the Children’s Museum of Illinois slated to open in July, Executive Director Amber Kaylor was happy to join the effort.
“Sharing the message of ‘Look, Stop & Lock’ demonstrates the connection that an organization like the Museum can create between children, parents, and local law enforcement,” she said. “Working together, no matter your age, we can make a significant impact on the quality of life in our community by reducing property crime.”
Thousands of sticker informational sheets were distributed to Kindergarten through sixth-grade students at Decatur Public Schools last week and local officers will have “Look, Stop & Lock” sticker sheets on hand when visiting with kids throughout the summer.
Funded by the Howard G. Buffett Foundation in partnership with Limitless Decatur & Macon County, “Look, Stop & Lock” is a two-year campaign concentrating on the highest crime months during the summer and the Christmas season. To learn more about the campaign or order stickers for your organization, visit www.LimitlessDecatur.com/LookStopAndLock.
City Of Decatur’s 2018 Citywide
Cleanup Dates Set
The City of Decatur, in partnership with Advanced Disposal, has set its 2018 citywide cleanup dates. Cleanup dates will be held on:
Tuesday, June 19, from 2:00 p.m.-6:00 p.m.
Wednesday, Sept. 12, from 2:00 p.m.-6:00 p.m.
Thursday, Oct 11, from 2:00 p.m.-6:00 p.m.
All events will be held in the Decatur Civic Center parking lot.
Residents will be allowed to dispose of large items for no charge. Items must be placed in roll off bins located within the parking lot.
Items such as old furniture, mattresses and household items can be disposed of during this cleanup. Limited amounts of tires from residents will also be accepted. No electronics, appliances, paint or yard waste will be allowed.
The City of Decatur’s citywide cleanups are part of the City’s initiative designed to reinvigorate and improve neighborhoods.
Contact Richelle Irons at (217) 424-2864 or Raymond Lai, (217) 424-2335 for additional information.