---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-121284"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2023-11-27T23:59:59+00:00"
generated_at: "2026-06-07T21:42:30.634096+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Busey to acquire M&M Bank for ~$41.6M in stock/cash; expands Chicago presence

## Summary
- Consideration: 71% stock / 29% cash; $117.74 per M&M share or 5.7294 Busey shares per election.
- M&M had $473M assets, $406M loans, $399M deposits as of Sept 30, 2023.
- Transaction expected close in Q2 2024; adds 5 branches and Life Equity Loan product.
- Pro forma combined: $12.7B assets, $8.3B loans, $10.7B deposits, >$11.5B wealth AUM.
- Deal multiple: 1.42x TBV, ~6%+ EPS accretion in 2025/2026; >25% projected IRR.

## SEC filing metadata
- accession: 0001104659-23-121284
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2023-11-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000110465923121284/0001104659-23-121284-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000110465923121284/tm2331239d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-121284
- JSON: https://secwatch.observer/filing/0001104659-23-121284.json
- Plain text: https://secwatch.observer/filing/0001104659-23-121284.txt

## Key facts
- Material Agreements
  FIRST BUSEY CORP /NV/ entered into Agreement and Plan of Merger with Merchants and Manufacturers.
  - Action: entry
  - Agreement: merger
  - Counterparty: Merchants and Manufacturers
  source text: hampaign, Illinois 61820 or by calling (217) 365-4630, or from M&M, upon written request to Merchants and Manufacturers B
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000110465923121284/0001104659-23-121284-index.htm

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