M&A Deal Summary

Busey Acquires First Community Financial Partners

On February 6, 2017, Busey acquired financial services company First Community Financial Partners for 236M USD

Acquisition Highlights
  • This is Busey’s 2nd transaction in the Financial Services sector.
  • This is Busey’s largest (disclosed) transaction.
  • This is Busey’s 2nd transaction in the United States.
  • This is Busey’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2017-02-06
Target First Community Financial Partners
Sector Financial Services
Buyer(s) Busey
Deal Type Merger
Deal Value 236M USD
Advisor(s) FIG Partners LLC (Financial)
Howard & Howard Attorneys (Legal)

Target

First Community Financial Partners

Joliet, Illinois, United States
First Community Financial Partners, Inc. is a wholly owned banking subsidiary of First Community Financial Partners, with locations in Joliet, Plainfield, Homer Glen, Channahon, Naperville and Burr Ridge, Illinois. The Bank 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.

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Buyer(S) 1

Buyer

Busey

Champaign, Illinois, United States
Category Company
Founded 1868
Sector Financial Services
Employees1,464
Revenue 441M USD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 3
Type (Merger) 1 of 1
State (Illinois) 2 of 3
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-09 Herget Financial

Pekin, Illinois, United States

Herget Financial Corporation operates as a bank.

Buy $34M
FOLLOWING 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

Product

Company

Legal