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First Busey Corporation and CrossFirst Bankshares, Inc. Announce Transformative Partnership
Aug 27, 2024•almost 2 years ago
Contract Type
partnership
ChampaignFinancial ServicesFinanceFintechLendingBankingDescription
First Busey Corporation (Busey) and CrossFirst Bankshares, Inc. (CrossFirst) have jointly announced the signing of a definitive agreement and plan of merger, pursuant to which CrossFirst will merge with and into Busey (the Merger) in an all-common stock transaction valued at approximately $916.8 million.
Agreement Insights
Based on industry dataStrategic 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