First Busey Corporation and Merchants and Manufacturers Bank Corporation Announce Election Deadline
March 26 2024 - 11:00AM
First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding
company for Busey Bank, and Merchants and Manufacturers Bank
Corporation (“M&M”), the holding company for Merchants and
Manufacturers Bank (“M&M Bank”), today jointly announced that
the election deadline for M&M shareholders of record to make
merger consideration elections in connection with the previously
announced merger between Busey and M&M is 5:00 p.m., Eastern
Standard Time, on March 29, 2024. M&M shareholders may elect to
receive either $117.74 in cash, 5.7294 shares of Busey common
stock, or mixed consideration of $34.55 in cash and 4.0481 shares
of Busey common stock, in exchange for each share of M&M common
stock owned, subject to adjustment and proration as provided in the
merger agreement.
M&M shareholders who need a duplicate copy of
the election form and letter of transmittal and supplemental
instructions, or who have questions about making an election prior
to the election deadline, may contact Georgeson LLC, the
information agent for the merger, at (866) 357-9438 or (781)
896-1483.
Busey Corporate Profile
As of December 31, 2023, First Busey Corporation
(Nasdaq: BUSE) was a $12.28 billion financial holding company
headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary of First
Busey Corporation, had total assets of $12.25 billion as of
December 31, 2023, and is headquartered in Champaign, Illinois.
Busey Bank currently has 46 banking centers serving Illinois, eight
banking centers serving Missouri, three banking centers serving
southwest Florida, and one banking center in Indianapolis, Indiana.
More information about Busey Bank can be found at busey.com.
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 $12.14 billion as of
December 31, 2023. More information about Busey’s Wealth Management
services can be found at busey.com/wealth-management.
Busey Bank’s wholly-owned subsidiary, FirsTech,
Inc. (“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 is honored to be named among America’s
Best Banks by Forbes magazine for the second consecutive year.
Ranked 26th overall in 2023, compared to 52nd in 2022, Busey was
once again the top-ranked bank headquartered in Illinois. Busey is
humbled to be named among the 2023 Best Banks to Work For by
American Banker, the 2023 Best Places to Work in Money Management
by Pensions and Investments, the 2023 Best Places to Work in
Illinois by Daily Herald Business Ledger, and the 2023 Best
Companies to Work For in Florida by Florida Trend magazine. We are
honored to be consistently recognized nationally and locally for
our engaged culture of integrity and commitment to community
development.
For more information about us, visit busey.com.
About Merchants and Manufacturers Bank
Corporation
M&M is the holding company for M&M Bank, a
privately held, locally owned and operated bank established in 1969
– currently with five branch locations in the
Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area
(MSA). M&M Bank focuses on serving privately held manufacturers
and distributors and select service businesses, particularly in the
Greater Chicago area. M&M Bank provides a range of financial
services and has developed a unique Life Equity Loan® program.
CONTACTS: |
|
|
Jeffrey D. Jones, EVP & CFO |
Amy L. Randolph, EVP & COO |
First Busey Corporation |
First Busey Corporation |
(217) 365-4500 |
(217) 365-4500 |
jeff.jones@busey.com |
amy.randolph@busey.com |
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