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First Busey strikes deal to expand in Chicago

First Busey strikes deal to expand in Chicago
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Glenview State Bank to be sold to Champaign bank's parent

Glenview State Bank to be sold to Champaign bank s parent

Glenview State Bank is being sold to Champaign-based Busey Bank for $91 million, and the 100-year old bank s name will change.
Joe Lewnard | Staff Photographer

Updated 1/20/2021 11:10 AM
The parent of Champaign-based Busey Bank is acquiring the parent of Glenview State Bank in a $191 million deal, Crain s Chicago Business is reporting.
Busey Bank is mainly a downstate lender that entered the Chicago market in 2017 via the purchase of Joliet s First Community Financial Partners, which was about the same size as Glenview State Bank is now, Crain s reports. Now it will take over the Glenview bank s $1.4 billion in assets. The deal is in the form of cash and stock, with about three-quarters of the price in cash, Crain s says. ....

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