Merger Momentum: First Busey and CrossFirst Shareholders Give Green Light
In a significant development, shareholders of First Busey (BUSE) and CrossFirst (CFB) have voted overwhelmingly in favor of the proposed merger, paving the way for the creation of a premier banking franchise.
A New Chapter Unfolds
The special shareholder meetings, held on December 20, 2024, marked a crucial milestone in the merger process. First Busey Chairman and CEO Van Dukeman expressed his gratitude to the shareholders, stating that their approval reflects confidence in the compelling merger. This strategic move is expected to generate significant benefits for associates, customers, communities, and shareholders alike.
Regulatory Approvals Next
With shareholder approval secured, the focus now shifts to obtaining the required regulatory approvals. Once these hurdles are cleared, the merger of the holding companies will be completed, followed by the integration of the two franchises. First Busey remains committed to providing enhanced financial services and expertise while upholding the community bank values that its customers and communities have come to expect.
A Brighter Future Ahead
As First Busey embarks on its next chapter, the company is poised to leverage the strengths of both entities to create a more robust and customer-centric banking experience. With a shared vision for growth and excellence, the merged entity is well-positioned to thrive in an increasingly competitive financial landscape.
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