secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0001104659-25-004310
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000110465925004310/0001104659-25-004310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000110465925004310/tm253614d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-004310

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