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First Busey Corporation and CrossFirst Bankshares, Inc. Announce Merger

Nov 23, 2024over 1 year ago

Contract Type

partnership

OklahomaBanking

Description

First Busey Corporation, the holding company of Busey Bank, and CrossFirst Bankshares, Inc. have signed a definitive agreement and plan of merger valued at approximately $916.8 million. The partnership will create a financial entity with nearly $20 billion in total assets, extending its reach into key markets, including Oklahoma and other high-growth regions.

Company Information

Company

First Busey Corporation Busey Bank and CrossFirst Bankshares

Location

Oklahoma, United States

About

First Busey Corporation is the holding company of Busey Bank, headquartered in Champaign, Illinois, with over 155 years of community service. CrossFirst Bankshares, Inc. has established operations in Oklahoma, Kansas City, Dallas/Fort Worth, Denver, and Phoenix.

Predictive Intelligence
Strategic

ML-powered predictions for First Busey Corporation Busey Bank and CrossFirst Bankshares's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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