First Busey receives Federal Reserve approval for CrossFirst merger; closing targeted March 1, 2025

FIRST BUSEY CORP /NV/

Federal Reserve approved Busey's acquisition of CrossFirst; shareholders approved Dec. 20, 2024.
Closing targeted for March 1, 2025, pending Illinois Department of Financial and Professional Regulation approval.
Combined entity pro forma: ~$20B assets, $17B deposits, $15B loans, $14B wealth under care.
CrossFirst Bank to operate as separate Busey subsidiary until bank merger expected in late June 2025.
Merger adds high-growth metro markets: Kansas City, Dallas/Fort Worth, Denver, Phoenix, and Wichita.

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