Is First Busey's Merger Deal With CrossFirst a Strategic Move?

First Busey Corporation (BUSE) , or "Busey," entered into a definitive merger agreement with CrossFirst Bankshares, Inc. (CFB) , or "CrossFirst." Per the terms, CrossFirst will merge into Busey. Both companies' board of directors unanimously approved the merger deal. After deal completion, the combined holding company will continue to operate under the name First Busey Corporation, while the combined bank will be known as Busey Bank. CrossFirst Bank is planning to integrate with and join Busey Bank by mid-2 ...