First Mid


Overview / Commentary
217-234-7454
1515 Charleston Avenue
Mattoon, IL 61938

First Mid is headquartered in MATTOON and is the 9th largest bank in the state of Illinois. It is also the 200th largest bank in the nation. It was established in 1865 and as of March of 2024, it had grown to 1,031 employees at 81 locations. First Mid's savings rates are 9X the national average, and it boasts an A+ health rating.

Reviews (3)

Amazing Service

Posted by: |

I am impressed with the professionalism of the bank, the friendly staff, and their ability to offer banking products that meet my needs. I have a savings account, a business checking account, and a credit card through First-Mid and I plan on using them for all my banking needs. I was sold when I walked in a branch and tellers greeted customers by name.

Just Awful.

Posted by: |

Rude personnel in smaller communities- they talk down to you.
Incompetence on so many levels it’s min blowing. They told me that I couldn’t open a business account with my Delaware corporation. They try to get me to leave my corporate binder there and get back with me after they had time to review. You never leave your corporate find her behind anywhere except with your attorney. Turns out it was a secret none process. By then - 2 months later- I’d gone elsewhere.
Instead of depositing a large sum, they ran me in the negative - caused NSF’s and declined transactions. Large deposits - because of the nature of their bank, can take 2 weeks to process and release those funds.

They have no pinpad for cash advances on credit cards.
I could go on and on but you get the picture.

Moving all of my accounts and family accounts ASAP.

First Mid Review

First of all, My mother is a customer there. After having over 2000 in fraudulent charges, The bank accused her of making the charges. Then we were able to prove it was fraud. Now the bank refuses to issue her a new debit card. They canceled a transfer of funds from her acct. to her other bank account here where she lives now. I give them an overall review and rating of 0



Health
A+

Health Grade Components

Overall
FDIC Certificate #3705
Year Established1865
Employees1031
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.96%
Return on Equity - YTD8.42%
Annual Interest Income$87.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$7.63B$6.65B
LoansQ1 2024vs Q1 2023$5.43B$4.7B
DepositsQ1 2024vs Q1 2023$6.28B$5.08B
Equity CapitalQ1 2024vs Q1 2023$862.1MM$709.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$67.9MM$58.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$17.4MM$12.3MM
Real Estate OwnedQ1 2024vs Q1 2023$1.3MM$4MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not First Mid; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Mid Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.80%$1-High Yield Savings Account Via Raisin
0.05%$100-Retail Savings

First Mid Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Retail Prime First Money Management
OTHER TIERS: 0.15% $0 - $15k | 0.20% $15k - $100k
0.10%*$10k*-Retail Money Market
OTHER TIERS: 0.07% $0 - $10k

First Mid Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$0-Premier Checking
0.01%$0-Classic Checking
0.01%$0-Interest Checking

First Mid CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1-9 Month High Yield CD Via Raisin
1.15%$1k- 60 Month CD
0.90%$1k-48-59 Month CD
0.65%$1k-36-47 Month CD
0.50%$1k- 24-35 MonthCD
0.45%$1k-18-23 Month CD
0.40%$1k-12-17 Month CD
0.30%$1k-91-181 Day CD
0.30%$1k-182-364 Day CD

First Mid IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$500- 60 Month IRA
0.90%$500-48-59 Month IRA
0.65%$500-36-47 Month IRA
0.50%$500- 24-35 Month IRA
0.45%$500-18-23 Month IRA
0.40%$500-12-17 Month IRA
Locations

Availability

Champaign Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.