First Busey Corporation Finalizes Acquisition of Merchants and Manufacturers Bank Corporation and Merchants and Manufacturers Bank [Yahoo! Finance]
First Busey Corporation (BUSE)
Last first busey corporation earnings: 4/28 05:00 pm
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Source: Yahoo! Finance
for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024. The transaction was previously announced on November 27, 2023. At the effective time of the merger, each share of M&M common stock converted to the right to receive, at the election of each shareholder, and subject to proration and adjustment as provided in the merger agreement, (i) $117.74 in cash, (ii) 5.7294 shares of Busey common stock, or (iii) mixed consideration of $34.55 in cash and 4.0481 shares of Busey common stock, with total consideration consisting of approximately $12.2 million in cash and 1,429,324 shares of Busey common stock. Busey will operate M&M Bank as a separate banking subsidiary of Busey until it is merged with Busey Bank, which is expected to occur in June 2024. At the time of the bank merger, M&M's banking offices will become banking offices of
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BUSE
Earnings
- 4/23/24 - Miss
BUSE
Sec Filings
- 4/23/24 - Form 8-K
- 4/17/24 - Form 4
- 4/12/24 - Form ARS
- BUSE's page on the SEC website