First Busey Corp Files 8-K

TL;DR

Busey Corp just dropped an 8-K, check it for deets.

AI Summary

First Busey Corporation filed an 8-K on January 17, 2025, reporting an event that occurred on January 16, 2025. The filing pertains to "Other Events" and "Financial Statements and Exhibits" but does not specify the exact nature of these events in the provided text.

Why It Matters

This filing indicates a material event or update from First Busey Corporation, requiring disclosure to investors and the public.

Risk Assessment

Risk Level: low — The filing is a standard disclosure form and does not inherently indicate negative news or significant risk.

Key Players & Entities

• FIRST BUSEY CORP /NV/ (company) — Filer
• FIRST BUSEY CORPORATION (company) — Registrant
• January 16, 2025 (date) — Earliest event date
• January 17, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock, $0.001 par value BUSE Nasdaq Stock Market

Filing Documents

• tm253614d1_8k.htm (8-K) — 35KB
• tm253614d1_ex99-1.htm (EX-99.1) — 22KB
• tm253614d1_ex99-1img001.jpg (GRAPHIC) — 8KB
• 0001104659-25-004310.txt ( ) — 249KB
• buse-20250116.xsd (EX-101.SCH) — 3KB
• buse-20250116_lab.xml (EX-101.LAB) — 33KB
• buse-20250116_pre.xml (EX-101.PRE) — 22KB
• tm253614d1_8k_htm.xml (XML) — 3KB

01

Item 8.01. Other Events. On January 16, 2025, First Busey Corporation ("Busey") received regulatory approval from the Board of Governors of the Federal Reserve System for the previously announced merger (the "Merger") of CrossFirst Bankshares, Inc. ("CrossFirst") with and into Busey, with Busey continuing as the surviving corporation, pursuant to the Agreement and Plan of Merger, dated as of August 26, 2024, by and between Busey and CrossFirst (the "Merger Agreement"), as well as for the proposed merger of CrossFirst Bank, the sole insured depository institution subsidiary of CrossFirst, with and into Busey Bank, the sole depository institution subsidiary of Busey, with Busey Bank continuing as the surviving bank. Busey and CrossFirst intend to close the Merger on March 1, 2025, subject to the satisfaction of the remaining customary closing conditions, including the receipt of approval from the Illinois Department of Financial and Professional Regulation. The transaction has also been approved by the Kansas Office of the State Bank Commissioner. On January 17, 2025, Busey and CrossFirst issued a joint press release announcing the foregoing matters. A copy of the joint press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Joint Press Release, dated January 17, 2025 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). Forward -Looking This Current Report on Form 8-K and the exhibits filed therewith include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to Busey's and CrossFirst's beliefs, goals, intentions, and expectations regarding the proposed transaction and other statements that are not historical facts.

Forward-looking statements are typically identified

Forward-looking statements are typically identified by such words as "believe," "expect," "anticipate," "plan," "intend," "outlook," "estimate," "forecast," "project," "should," "may," "will," "position," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. These forward-looking statements include, without limitation, those relating to the terms, timing and closing of the proposed transaction. Additionally, forward-looking statements speak only as of the date they are made; Busey and CrossFirst do not assume any duty, and do not undertake, to update such forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Furthermore, because forward-looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those indicated in such forward-looking statements as a result of a variety of factors, many of which are beyond the control of Busey and CrossFirst. Such statements are based upon the current beliefs and expectations of the management of Busey and CrossFirst and are subject to significant risks and uncertainties outside of the control of the parties. Caution should be exercised against placing undue reliance on forward-looking statements. The factors that could cause actual results to differ materially include the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the Merger Agreement; the outcome of any legal proceedings that may be instituted against Busey or CrossFirst; the possibility that the proposed transaction will not close when expected or at all because other conditions to the closing are not satisfied on a timely basis or at all, or are obtained subject to conditions that are not anticipated; the ability of Busey

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 17, 2025 FIRST BUSEY CORPORATION By: /s/ Jeffrey D. Jones Jeffrey D. Jones Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR