Daily Archives: February 2, 2022

Protest over Jefferson Bank merger yields new branches

Illinois-based First Mid Bank & Trust has agreed to operational improvements, including making small business loan subsidies and establishing branches in underserved areas, in response to criticism that threatened to derail its proposed merger with Jefferson Bank and Trust. Advocacy groups, including St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) and Woodstock Institute, last year complained to the Federal Reserve Bank of redlining and low levels of servi ...