Mattoon, Ill.-based First Mid-Illinois Bancshares Inc. completed the purchase of substantially all the assets of Charleston, Ill.-based Ronald R. Pierce Farm Management.

Ronald R. Pierce Farm Management manages approximately 18,000 acres of farmland in the Clark, Coles, Cumberland, Douglas, Edgar and Shelby counties of Illinois. The transaction will boost First Mid-Illinois' farm portfolio to more than 43,000 acres.

First Mid-Illinois Bancshares is the parent company of First Mid Bank & Trust NA, First Mid Insurance Group and First Mid Wealth Management Co.