First Mid Bancshares, Inc. has announced the promotion of two executives on its leadership team, effective June 24, 2025. Matthew Smith, who currently serves as the Chief Financial Officer (CFO), has been elevated to President. Jordan Read, who currently serves as the Chief Risk Officer (CRO), will take on the additional role of CFO.
Since joining First Mid in 2016 as CFO, Smith has played an instrumental role in shaping the company’s financial strategy. During Smith’s tenure, First Mid has experienced significant growth, with total assets rising from $2.8 billion to $7.6 billion and revenue more than tripling.
As President, Smith will assume leadership of all First Mid lines of business, overseeing operations, driving growth, executing strategic initiatives, and supporting the organization’s overall success.
With extensive experience in both operational and financial management, Smith previously held several senior leadership positions at the then-Nasdaq-traded Consolidated Communications, Inc., including Treasurer and Vice President of Finance and Investor Relations, Director of Revenue, and General Manager.
Jordan Read, who has served as CRO since joining First Mid in 2021, will now take on the expanded position of CFO and CRO, overseeing financial strategy and reporting while continuing to lead the bank’s enterprise risk management efforts.
First Mid Bancshares, Inc. is a $7.6 billion community-focused organization that provides financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin, and a loan production office in Indiana. The market has reacted to these announcements by moving the company's shares -1.41% to a price of $37.68. If you want to know more, read the company's complete 8-K report here.
