First Busey Corp And CrossFirst Bankshares Announced A Merger Agreement For Crossfirst To Merge Into Busey In An All-Stock Transaction Valued At $916.8M, Creating A Combined Entity With Around $20B In Assets, $17BIn Deposits, And $13B In Wealth Management Assets Under Care As Of August 26, 2024

Author: Benzinga Newsdesk | August 27, 2024 08:03am

First Busey Corporation ("Busey") (NASDAQ:BUSE), the holding company for Busey Bank, and CrossFirst Bankshares, Inc. ("CrossFirst") (NASDAQ:CFB), the holding company for CrossFirst Bank, jointly announced today the signing of a definitive agreement and plan of merger, pursuant to which CrossFirst will merge with and into Busey (the "Merger") in an all-common stock transaction valued at approximately $916.8 million, based on Busey's closing stock price of $27.39 as of August 26, 2024. The combined company, which will operate under the Busey brand, will have approximately $20 billion in total assets, approximately $17 billion in total deposits and approximately $13 billion in wealth management assets under care.

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