M&A
confidence high
sentiment positive
materiality 0.75
First Busey (BUSE) and CrossFirst shareholders approve merger; closing targeted Q1/Q2 2025
FIRST BUSEY CORP /NV/
- Busey stockholders approved merger agreement with CrossFirst; 39.5M votes for, 366K against.
- Combined pro forma total assets ~$20B, total deposits ~$17B, loans ~$15B, wealth AUM ~$14B.
- Merger will create 77 full-service locations across 10 states; CEO Van Dukeman cites shareholder confidence.
- Transaction subject to regulatory approvals; companies expect close in Q1 or Q2 2025.
- CrossFirst shareholders also voted to approve all proposals related to the merger.