First Busey Corporation Completes Acquisition of CrossFirst Bankshares, Inc. and CrossFirst Bank
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2025
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Source: Globenewswire
Acquisition Announcement: First Busey Corporation has successfully completed its acquisition of CrossFirst Bankshares, effective March 1, 2025, with plans to merge CrossFirst Bank into Busey Bank by June 2025, creating a larger banking institution with approximately $20 billion in total assets.
Leadership and Future Plans: The combined company will be governed by a new Board of Directors and aims to enhance its commercial banking relationships and wealth management services, leveraging the strengths of both organizations to expand its market presence across the Midwest and Southwestern U.S.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
