According to the law firm press release, on December 11, 2017, First Banc Trust Corporation ("First Banc") entered into an agreement and plan of merger (the “Merger Agreement”) with First Mid-Illinois Bancshares, Inc. and its affiliate ("First Mid"). Pursuant to the terms of the Merger Agreement, shareholders of First Banc will receive 0.80 shares of First Mid common stock and $5.00 in cash for each share of First Banc they own (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, Defendants issued materially incomplete disclosures in a Form S-4 Registration Statement filed with the United States Securities and Exchange Commission. The Complaint alleges that the Registration Statement omits material information with respect to, among other things, First Banc’s and First Mid’s financial projections, the analyses performed by First Banc’s financial advisor, and potential conflicts of interest. The Complaint seeks injunctive and equitable relief and damages on behalf of holders of First Banc common stock.

This case was voluntarily dismissed on March 16, 2018.