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M&A Deal Summary

Busey Acquires CrossFirst Bankshares

On August 27, 2024, Busey acquired financial services company CrossFirst Bankshares for 917M USD

Acquisition Highlights
  • This is Busey’s 4th transaction in the Financial Services sector.
  • This is Busey’s largest (disclosed) transaction.
  • This is Busey’s 4th transaction in the United States.
  • This is Busey’s 1st transaction in Kansas.

M&A Deal Summary
Date 2024-08-27
Target CrossFirst Bankshares
Sector Financial Services
Buyer(s) Busey
Deal Type Merger
Deal Value 917M USD
Advisor(s) Keefe, Bruyette & Woods (Financial)
Squire Patton Boggs (Legal)

Target

CrossFirst Bankshares

Leawood, Kansas, United States
CrossFirst Bankshares is a registered bank holding company for its wholly owned subsidiary CrossFirst Bank, a full-service financial institution that offers products and services to businesses, professionals, individuals, and families. CrossFirst Bankshares was founded in 2007 and is based in Leawood, Kansas.

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Buyer(S) 1

Buyer

Busey

Champaign, Illinois, United States
Category Company
Founded 1868
Sector Financial Services
Employees1,468
Revenue 461M USD (2024)
DESCRIPTION

Busey is a provider of financial services. Busey was incorporated in 1868 and is based in Champaign, Illinois.

DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 4 of 4
Type: Merger M&A Deals 2 of 2
State: Kansas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Glenview State Bank

Glenview, Illinois, United States

Founded in 1921, Glenview State Bank operated as a privately held, locally owned, and operated commercial bank headquartered in Glenview, Illinois. GSB employs 150 associates and has seven branch locations in the Chicagoland MSA: Glenview (4), Northbrook, Northfield, and Mount Prospect. The company is dedicated to its founding principles by being actively involved in the communities it serves and providing exceptional personal service delivered by experienced local professionals.

Buy $187M
Mergr

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