---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-24-000112"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:00:47.652131+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# First Busey closes acquisition of M&M Bank for $12.2M cash plus 1.43M shares

## Summary
- Consideration: $12.2M cash and 1,429,324 Busey shares; per M&M share options of $117.74 cash, 5.7294 Busey shares, or mixed.
- M&M Bank to operate as separate subsidiary until merged into Busey Bank expected June 2024; Joliet office to close.
- Pro forma combined: $12.8B assets, $8.1B loans, $10.7B deposits, $12.1B wealth assets under care as of Dec 31, 2023.
- M&M adds $0.5B assets; strengthens Busey's Chicago MSA deposit share to #8 (excluding >$100B institutions).
- Combined franchise serves 62 full-service locations across IL, MO, FL, IN.

## SEC filing metadata
- accession: 0000314489-24-000112
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448924000112/0000314489-24-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448924000112/buse-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-24-000112
- JSON: https://secwatch.observer/filing/0000314489-24-000112.json
- Plain text: https://secwatch.observer/filing/0000314489-24-000112.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.