First Busey Corporation and CrossFirst Bankshares, Inc. Announce Shareholder Approvals of Merger
First Busey Corporation and CrossFirst Bankshares, Inc. Announce Shareholder Approvals of Merger
CHAMPAIGN, Ill. and LEAWOOD, Kan., Dec. 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation ("First Busey") (Nasdaq: BUSE), the holding company of Busey Bank, and CrossFirst Bankshares, Inc. ("CrossFirst") (Nasdaq: CFB), the holding company of CrossFirst Bank, today jointly announced that First Busey shareholders and CrossFirst shareholders have each voted to adopt and approve, as applicable, all proposals relating to the previously announced merger in which First Busey will acquire CrossFirst. The special shareholder meetings were held on Friday, December 20, 2024.
伊利诺伊州香槟市和堪萨斯州利伍德市,2024年12月23日(全球新闻网络)—— First Busey Corporation(“First Busey”)(纳斯达克:BUSE),Busey Bank的控股公司,以及 CrossFirst Bankshares, Inc.(“CrossFirst”)(纳斯达克:CFB),CrossFirst Bank的控股公司,今天联合宣布,First Busey的股东和CrossFirst的股东均投票通过了与之前宣布的合并相关的所有提案,First Busey将收购CrossFirst。特别股东会议于2024年12月20日星期五举行。
"Our shareholders' overwhelming approval of this business combination is an important milestone in the process of closing this transaction," said First Busey Chairman and CEO Van Dukeman. "This approval reflects our shareholders' confidence in this compelling merger that will create significant upside for our associates, customers, communities and shareholders. The next step is receiving the required regulatory approvals, followed by the closing of the merger of the holding companies and successful integration of these two premier franchises. In our next chapter, First Busey will remain focused on providing enhanced financial services and expertise while maintaining the community bank values that our customers and communities expect and deserve."
First Busey董事长兼首席执行官Van Dukeman表示:“我们股东对这一业务组合的压倒性批准是关闭此交易过程中的一个重要里程碑。此批准反映了我们股东对这一引人注目的合并的信心,这将为我们的员工、客户、社区和股东创造显著的收益。下一步是获得所需的监管批准,然后是控股公司的合并完成以及这两个首屈一指的特许经营的成功整合。在我们的下一个篇章中,First Busey将继续专注于提供增强的金融服务和专业知识,同时保持我们的客户和社区所期望和应得的社区银行价值观。”
With completion of shareholder approvals, the companies believe the merger is on track to close in the first or second quarter of 2025. The transaction remains subject to the completion of the remaining customary closing conditions, including the receipt of required regulatory approvals.
随着股东批准的完成,公司认为合并有望在2025年第一或第二季度完成。该交易仍然需要完成剩余的惯例关闭条件,包括获得所需的监管批准。
"These meetings demonstrate the high level of certainty shareholders have in the value of our combined company," said Mike Maddox, CrossFirst CEO, President and Director. "It also underscores their support of our strategic rationale and the financial benefits of the merger. We are excited about what the future holds and look forward to the joining of two customer-centric financial institutions to continue delivering outstanding service and tailored financial solutions."
CrossFirst首席执行官、总裁兼董事Mike Maddox表示:“这些会议展示了股东对我们合并公司价值的高度确定性。这也彰显了他们对我们战略的支持以及合并的财务利益。我们对未来充满期待,并期待两家以客户为中心的金融机构的结合,继续提供卓越的服务和量身定制的金融解决方案。”
The merger will create a premier full-service commercial bank serving clients from 77 full-service locations across 10 states with combined total assets of approximately $20 billion, $17 billion in total deposits, $15 billion in total loans and $14 billion in wealth assets under care. With a diversified client, loan and deposit base, this scale will provide opportunities to augment business models through new customer and product channels.
此次合并将打造一家顶级的全方位商业银行,从10个州的77个全方位网点服务客户,合并后的总资产约为200亿美金,存入资金170亿美金,贷款总额150亿美金,财富资产140亿美金。凭借多元化的客户、贷款和存款基础,这种规模将为通过新的客户和产品渠道增强业务模型提供机会。
Through compatible banking philosophies and cultures, complementary business models, combined capital strength and increased economies of scale, the combination is also expected to significantly enhance key performance metrics with meaningful improvements in net interest margin and efficiency, driving increased profitability and returns to shareholders.
通过相互兼容的银行理念和文化、互补的业务模型、结合的资本实力以及规模经济的提高,预计此次合并还将显著提升关键绩效指标,带来净利息收益率和效率的显著改善,推动盈利能力的提升并为股东带来更高回报。
About First Busey Corporation
As of September 30, 2024, First Busey Corporation (Nasdaq: BUSE) was an $11.99 billion financial holding company headquartered in Champaign, Illinois.
关于First Busey Corporation
截至2024年9月30日,First Busey Corporation(纳斯达克代码:BUSE)是一家总部位于伊利诺伊州香槟的119.9亿美金金融控股公司。
Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $11.95 billion as of September 30, 2024, and is headquartered in Champaign, Illinois. Busey Bank currently has 62 banking centers, with 21 in Central Illinois markets, 17 in suburban Chicago markets, 20 in the St. Louis Metropolitan Statistical Area, three in Southwest Florida, and one in Indianapolis. More information about Busey Bank can be found at busey.com.
Busey Bank是First Busey Corporation的全资子银行,截止到2024年9月30日,总资产为119.5亿美元,总部位于伊利诺伊州的香槟。Busey Bank目前在62个银行中心运营,其中21个位于伊利诺伊州中部市场,17个位于芝加哥郊区市场,20个位于圣路易斯城市统计区,三个在西南佛罗里达州,一个在印第安纳波利斯。关于Busey Bank的更多信息可以在busey.com找到。
Through Busey's Wealth Management division, the Company provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. Assets under care totaled $13.69 billion as of September 30, 2024. More information about Busey's Wealth Management services can be found at busey.com/wealthmanagement.
通过Busey的财富管理部门,该公司为个人、企业和基金会提供全方位的资产管理、投资、券商、信托、慈善顾问、税务准备和农场管理服务。截止到2024年9月30日,所管理的资产总额为136.9亿美元。关于Busey的财富管理服务的更多信息可以在busey.com/wealthmanagement找到。
Busey Bank's wholly-owned subsidiary, FirsTech, specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions. FirsTech provides comprehensive and innovative payment technology solutions, including online, mobile, and voice-recognition bill payments; money and data movement; merchant services; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments at retail agents. Additionally, FirsTech simplifies client workflows through integrations enabling support with billing, reconciliation, bill reminders, and treasury services. More information about FirsTech can be found at firstechpayments.com.
Busey Bank的全资子公司FirsTech专注于小型和中型企业、高度监管的企业行业以及金融机构不断变化的金融科技需求。FirsTech提供全面且创新的支付技术解决方案,包括在线、移动和语音识别账单支付;资金和数据移动;商户服务;直接借记服务;锁箱支付处理(适用于邮寄的账单支付);零售代理的现场支付。此外,FirsTech通过集成简化客户工作流程,以支持账单、对账、账单提醒和财务服务。关于FirsTech的更多信息可以在firstechpayments.com找到。
For the first time, Busey was named among the World's Best Banks for 2024 by Forbes, earning a spot on the list among 68 U.S. banks and 403 banks worldwide. Additionally, Busey Bank was honored to be named among America's Best Banks by Forbes magazine for the third consecutive year. Ranked 40th overall in 2024, Busey was the second-ranked bank headquartered in Illinois of the six that made this year's list and the highest-ranked bank of those with more than $10 billion in assets. Busey is humbled to be named among the 2024 Best Banks to Work For by American Banker, the 2024 Best Places to Work in Money Management by Pensions and Investments, the 2024 Best Places to Work in Illinois by Daily Herald Business Ledger, the 2024 Best Places to Work in Indiana by the Indiana Chamber of Commerce, and the 2024 Best Companies to Work For in Florida by Florida Trend magazine. We are honored to be consistently recognized globally, nationally and locally for our engaged culture of integrity and commitment to community development.
Busey首次被《福布斯》评选为2024年全球最佳银行之一,在68家美国银行和403家全球银行中名列其中。此外,Busey Bank还荣幸地被《福布斯》杂志评选为美国最佳银行,连续第三年获此殊荣。在2024年综合排名第40位,Busey是六家中总部位于伊利诺伊州的银行中排名第二的银行,也是资产超过100亿美元的银行中排名最高的银行。Busey深感荣幸被《美国银行家》评选为2024年最佳工作银行、《养老金与投资》评选为2024年最佳财富管理工作地点、《每日先驱商业账本》评选为2024年伊利诺伊州最佳工作地点、《印第安纳州商会》评选为2024年印第安纳州最佳工作地点,以及《佛罗里达趋势》杂志评选为2024年佛罗里达州最佳工作公司。我们荣幸地在全球、全国和地方层面持续受到认可,因我们诚信和致力于社区发展的参与文化。
For more information about us, visit busey.com.
欲了解更多信息,请访问busey.com。
About CrossFirst Bankshares, Inc.
CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas corporation and a registered bank holding company for its wholly owned subsidiary, CrossFirst Bank. CrossFirst Bank is a full-service financial institution that offers products and services to businesses, professionals, individuals, and families. CrossFirst Bank, headquartered in Leawood, Kansas, has locations in Kansas, Missouri, Oklahoma, Texas, Arizona, Colorado, and New Mexico.
关于CrossFirst Bankshares, Inc.
CrossFirst Bankshares, Inc. (纳斯达克: CFB)是一家堪萨斯州公司,是CrossFirst Bank的全资银行控股公司。CrossFirst Bank是一家全面服务的金融机构,为企业、专业人士、个人和家庭提供产品和服务。CrossFirst Bank总部位于堪萨斯州利伍德,在堪萨斯州、密苏里州、俄克拉荷马州、德克萨斯州、亚利桑那州、科罗拉多州和新墨西哥州设有分支。
CrossFirst Bank was organized by a group of financial executives and prominent business leaders with a shared vision to couple highly experienced people with technology to offer unprecedented levels of personal service to clients. CrossFirst Bank strives to be the most trusted bank serving its markets, which we believe has driven value for our stockholders. We are committed to a culture of serving our clients and communities in extraordinary ways by providing personalized, relationship-based banking. We believe that success is achieved through establishing and growing the trust of our clients, employees, stakeholders, and communities. For more information, visit investors.crossfirstbankshares.com.
CrossFirst Bank由一群金融高管和知名商业领袖组织,他们有共同的愿景,将经验丰富的人才与科技结合,为客户提供前所未有的个人服务水平。CrossFirst Bank努力成为其市场上最值得信赖的银行,我们相信这为我们的股东创造了价值。我们致力于以非凡的方式为客户和社区服务的文化,通过提供个性化的、以关系为基础的银行服务。我们相信,成功是通过建立和培养客户、员工、利益相关者和社区的信任来实现的。欲了解更多信息,请访问investors.crossfirstbankshares.com。
First Busey Corporation Contacts | |
For Financials: | For Media: |
Jeffrey D. Jones, EVP & CFO | Amy L. Randolph, EVP & COO |
First Busey Corporation | First Busey Corporation |
(217) 365-4130 | (217) 365-4049 |
jeff.jones@busey.com | amy.randolph@busey.com |
First Busey公司联系方式 | |
财务信息: | 媒体联系: |
杰弗瑞·D·琼斯,执行副总裁兼首席财务官 | 艾米·L·兰道夫,执行副总裁兼首席运营官 |
First Busey公司 | First Busey公司 |
(217) 365-4130 | (217) 365-4049 |
jeff.jones@busey.com | amy.randolph@busey.com |
Forward-Looking Statements
This press release includes "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 the expected timing of completion of the proposed transaction; the anticipated benefits from the proposed transaction; and other statements that are not historical facts.
前瞻性声明
本新闻稿包含1995年私营证券诉讼改革法案、第1933年证券法第27A节经修订的“前瞻性陈述”,以及第1934年证券交易法第21E节经修订的内容,涉及Busey和CrossFirst对拟议交易的信念、目标、意图和预期;拟议交易的预期完成时间;拟议交易的预期收益;以及其他非历史事实的陈述。
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.
前瞻性陈述通常以"相信"、"期望"、"预期"、"计划"、"打算"、"展望"、"估计"、"预测"、"项目"、"应该"、"可能"、"将"、"定位"以及其他类似词语和表达方式来识别,并受到许多假设、风险和不确定性的影响,这些因素会随时间而变化。这些前瞻性陈述包括但不限于那些与拟议交易的条款、时间和完成情况相关的内容。
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 Busey's and CrossFirst's control. 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 required regulatory approvals are not received or 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 (and the risk that required regulatory approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the proposed transaction); the ability of Busey and CrossFirst to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; the possibility that the anticipated benefits of the proposed transaction will not be realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where Busey and CrossFirst do business; certain restrictions during the pendency of the proposed transaction that may impact the parties' ability to pursue certain business opportunities or strategic transactions; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities; the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected timeframes or at all and to successfully integrate CrossFirst's operations and those of Busey; such integration may be more difficult, time consuming or costly than expected; revenues following the proposed transaction may be lower than expected; Busey's and CrossFirst's success in executing their respective business plans and strategies and managing the risks involved in the foregoing; the dilution caused by Busey's issuance of additional shares of its capital stock in connection with the proposed transaction; effects of the announcement, pendency or completion of the proposed transaction on the ability of Busey and CrossFirst to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; changes in interest rates and prepayment rates of Busey's assets, fluctuations in the value of securities held in Busey's or CrossFirst's portfolio; concentrations within Busey's or CrossFirst's loan portfolio (including commercial real estate loans), large loans to certain borrowers, and large deposits from certain clients; the concentration of large deposits from certain clients who have balances above current FDIC insurance limits and may withdraw deposits to diversify their exposure; the level of non-performing assets on Busey's or CrossFirst's balance sheets; the strength of the local, state, national, and international economy; risks related to the potential impact of general economic, political and market factors or of exceptional weather occurrences such as tornadoes, hurricanes, floods, blizzards, droughts on the companies or the proposed transaction; the economic impact of any future terrorist threats or attacks, widespread disease or pandemics or other adverse external events that could cause economic deterioration or instability in credit markets; changes in state and federal laws, regulations, and governmental policies concerning Busey's or CrossFirst's general business; changes in accounting policies and practices; increased competition in the financial services sector (including from non-bank competitors such as credit unions and fintech companies) and the inability to attract new customers; breaches or failures of information security controls or cybersecurity-related incidents; changes in technology and the ability to develop and maintain secure and reliable electronic systems; the loss of key executives or associates; changes in consumer spending; unexpected outcomes of existing or new litigation, investigations, or inquiries involving Busey or CrossFirst (including with respect to Busey's Illinois franchise taxes); other factors that may affect future results of Busey and CrossFirst and the other factors discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of each of Busey's and CrossFirst's respective Annual Reports on Form 10‐K for the year ended December 31, 2023 and Quarterly Reports on Form 10‐Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, and other reports CrossFirst and Busey file with the SEC.
此外,前瞻性声明仅在作出声明的日期有效;Busey和CrossFirst不承担任何责任,也不承诺更新可能不时作出的这种前瞻性声明,无论是书面还是口头,是否由于新信息、未来事件或其他原因。因此,由于前瞻性声明受假设和不确定性影响,实际结果或未来事件可能与前瞻性声明中所示的结果存在显著差异,这些差异可能是由各种因素造成的,其中许多因素超出了Busey和CrossFirst的控制范围。此类声明基于Busey和CrossFirst管理层当前的信念和期望,并受到Busey和CrossFirst控制范围外的重大风险和不确定性影响。在依赖前瞻性声明时应谨慎行事。可能导致实际结果显著不同的因素包括以下内容:任何事件、变化或其他情况的发生,这可能导致一方或双方终止合并协议的权利;可能针对Busey或CrossFirst提起的任何法律程序的结果;由于未获得必要的监管批准或其他关闭条件未能及时满足或根本未满足,或在未预期的条件下获得批准,可能导致提议交易未能按预期关闭或根本不关闭的可能性;Busey和CrossFirst在达成预期时间、完成、会计和税务处理方面的能力;与提议交易相关的任何公告可能对一方或双方的普通股市场价格产生不利影响的风险;由于两家公司之间整合所产生的影响或问题,或者由于Busey和CrossFirst开展业务的地区经济实力和竞争因素的影响,提议交易的预期利益可能未能如期或根本未能实现的可能性;在提议交易进行期间,某些限制可能影响各方追求特定业务机会或战略交易的能力;交易完成成本可能高于预期的可能性,包括由于意外因素或事件;管理层对正在进行的业务操作和机会的注意力分散;各方未能在预期时间范围内或根本无法实现合并中的预期协同效应和运营效率的可能性,以及成功整合CrossFirst的运营和Busey的运营;这种整合可能比预期更困难、耗时或成本更高;提议交易后的收入可能低于预期;Busey和CrossFirst在执行各自的业务计划和战略及管理前述风险方面的成功;由于Busey在提议交易中发行额外股份而导致的稀释;提议交易公告、进行或完成对Busey和CrossFirst留住客户、保留和招聘关键人员以及与供应商维护关系的能力,以及对其经营结果和业务总体的影响;Busey资产的利率和提前还款率变化,Busey或CrossFirst投资组合中证券价值的波动;Busey或CrossFirst贷款组合中的集中(包括商业房地产业贷款)、对某些借款人的大额贷款,以及来自某些客户的大额存款;来自某些客户的大额存款集中,这些客户的余额超过了当前FDIC保险限额,可能会提取存款以分散其风险;Busey或CrossFirst资产负债表上的不良资产水平;地方、州、国家和国际经济的强度;与一般经济、政治和市场因素或极端天气事件(如龙卷风、飓风、洪水、暴风雪、干旱)对公司或提议交易的潜在影响相关的风险;未来恐怖威胁或袭击、广泛的疾病或流行病或其他可能导致经济恶化或信贷市场不稳定的不利外部事件的经济影响;与Busey或CrossFirst一般业务相关的州和联邦法律、法规和政府政策的变化;会计政策和实践的变化;金融服务板块的竞争加剧(包括来自信用合作社和金融科技公司的非银行竞争对手)以及吸引新客户的能力不足;信息安全控制的漏洞或网络安全相关事件;技术的变化以及开发和维护安全可靠的电子系统的能力;关键高管或员工的流失;消费者支出的变化;关于Busey或CrossFirst的现有或新诉讼、调查或询问出乎意料的结果(包括关于Busey在伊利诺伊州的特许税);可能影响Busey和CrossFirst未来结果的其他因素,以及Busey和CrossFirst各自的2023年12月31日的10-K年度报告和截至2024年3月31日、2024年6月30日和2024年9月30日的10-Q季度报告以及CrossFirst和Busey向SEC提交的其他报告中讨论的“风险因素”和“管理层对财务状况和经营结果的讨论与分析”部分中提到的其他因素。