First Mid Insurance Group, an arm of Mattoon, Illinois-based First Mid-Illinois Bancshares, Inc., has purchased all assets of Illiana Insurance Agency of Philo, Illinois.
“We are excited about this acquisition, which is mutually beneficial for customers through expanded services and expertise,” Clay Dean, First Mid Insurance Group's CEO, said. “Illiana customers will have access to additional financial services that First Mid offers and our thousands of Medicare-eligible customers will benefit from Illiana’s expertise, education and products.”
Illiana specializes in insurance products for senior citizens, which includes a variety of Medicare supplements, long-term care coverage, annuities and ancillary products. The company serves clients in Illinois and Indiana.
Illiana staff, which includes owners Tom and Jim Schuett, 10 full-time insurance agents and office staff, will stay in place after the transition.
“With First Mid’s highly regarded reputation, and with our continued management, there is no question our clients will continue to experience the same personal care that they have become accustomed to receiving at Illiana," Tom Schuett said.