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First Mid-Illinois Bancshares Inc. said in a Form 8-K filed Nov. 21 that the remaining investors that have not yet been issued shares of series C 8% noncumulative perpetual convertible preferred stock under a private placement are: individuals who are members of the Lumpkin family, including Benjamin Lumpkin, a director of the company, and entities controlled by, and trusts created for the benefit of, individuals who are members of the Lumpkin family.
The company on Feb. 11 had accepted from certain accredited investors, including directors, executive officers and certain major customers and holders of First Mid-Illinois common stock, subscriptions for the purchase of $27.5 million of the newly authorized preferred stock series of the company. As of May 13, approximately...