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SPECIAL ANNOUNCEMENT

First Bankers Trustshares, Inc. Announces Spin and Rebrand of its Trust Services Subsidiary.

First Bankers Trust Services, Inc. spin creates an independent company managing $10B in assets.

Quincy, Illinois – First Bankers Trustshares, Inc. announced today the spin-off of its wholly-owned subsidiary, First Bankers Trust Services, Inc. (FBTS). Following the distribution, FBTS will operate as an independent company.

“Trust Services conducts a nationwide business and the Bank is a regional lender. The distribution of FBTS will benefit both companies in that each will be well-positioned to pursue their strategic priorities,” said Allen Shafer, president and chief executive officer of First Bankers Trustshares, Inc. “The spin-off transaction will establish two focused companies dedicated to driving current and long-term value creation while enhancing their business and strategic focus to respond to the market more rapidly.”

To better reflect the core services of their business, FBTS intends to change its name to TI-Trust, Inc.   

“We are excited to further distinguish ourselves as an independent leader through this rebrand,” said Brian Ippensen, president of FBTS. “I’m excited about the opportunity to lead TI-Trust and continue to build on our momentum as a company.”

Upon completion of the spin-off, FBTS will continue its existing business of providing employee benefit, personal trust, and farm management services. FBTS has extensive experience in fiduciary services and manages approximately $10 billion in assets and has offices in Illinois, Missouri, Pennsylvania, Arizona, and Georgia.

As a result of the distribution, each First Bankers Trustshares, Inc. stockholder will receive one share of TI-Trust, Inc. common stock for every share of First Bankers Trustshares, Inc. common stock held of record on a record date of June 17, 2019. 

The planned distribution date is July 1, 2019, and will have no impact on the operation of First Banks Trust Company, N.A., which is a federally chartered bank owned by First Bankers Trustshares, Inc.

About First Bankers Trustshares, Inc.

First Bankers Trustshares, Inc. is a bank holding company owning First Bankers Trust Company, N.A. The company was incorporated on August 25, 1988, and is headquartered in Quincy, Ill. First Bankers Trustshares, Inc. is a publicly held company whose common stock is traded over-the-counter under the symbol FBTT. For more information, visit https://fbti.firstbankers.com.

Contact: Mr. Allen Shafer
President/CEO, First Bankers Trustshares, Inc.
217-214-8111 | allen.shafer@firstbankers.com 

 

ADDITIONAL NEWS

5/16/2019 – First Bankers Trust Services, Inc. is proud to announce we have been recently named as one of the 2019 Best Places to Work in Illinois.

“This is a great honor! Our employees are vital to our success. We continually pursue improvements to make their work experience a meaningful purpose as they serve our clientele.” said Brian Ippensen, President.

The awards program began in 2006 and is promoted by The Daily Herald Business Ledger in partnership with the Illinois Chamber of Commerce, MRA-The Management Association, the Small Business Advocacy Council and Best Companies Group.

This statewide survey and awards program was designed to identify, recognize and honor the best places of employment in Illinois, benefiting the state’s economy, workforce and businesses. Companies from across the state entered the two-part process to determine the Best Places to Work in Illinois. The first part consisted of evaluating each nominated company’s workplace policies, practices, and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process in Illinois and also analyzed the data and used their expertise to determine the final rankings.

First Bankers is nationally recognized as a premier provider of fiduciary services that serve clients across the country. We are a dedicated Trust Company chartered to provide Trust Services, IRA, Farm Services, and Employee Benefit Services. Our team is a devoted group of professionals dedicated to meeting the needs of the trust and beneficiaries we serve.

We have extensive experience in fiduciary services and can serve as a trustee or agent based on the client’s needs. First Bankers manages over $10 billion in assets and has offices in Illinois, Missouri, Pennsylvania, Arizona, and Georgia.

First Bankers is an organization with a vision on fiduciary duty and shareholder services, and we have values rooted in the proven principles of long-term investing and integrity in serving our clients. We rank highly among the best in our industry in customer and employee satisfaction and total return to investors.

For more information on the Best Places to Work in Illinois program, visit www.BestPlacestoWorkinIL.com.

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