First Busey to Acquire CrossFirst in a $916.8 Million All-Stock Merger

First Busey Corporation (BUSE) on August 27, 2024, entered a merger agreement to acquire regional lender CrossFirst Bankshares, Inc. (CFB) in an all-stock deal valued at $916.8 million.

Details of the Merger:

Under the terms of the merger agreement, CrossFirst shareholders will receive 0.6675 shares of Busey common stock for each share held of CrossFirst common stock, at about $18.28 per share, representing a discount of 0.26% from the stock’s last close.

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