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First Busey Corporation and Cummins-American Corp. to Merge


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
First Busey Corporation and Cummins-American Corp. to Merge
First Busey CorporationJanuary 19, 2021 GMT
CHAMPAIGN, IL and GLENVIEW, IL, Jan. 19, 2021 (GLOBE NEWSWIRE) First Busey Corporation (Busey) (NASDAQ:BUSE), the holding company for Busey Bank, and Cummins-American Corp. (CAC), the holding company for Glenview State Bank (GSB), today jointly announced the signing of a definitive agreement pursuant to which Busey will acquire CAC and GSB through a merger transaction. The partnership will enhance Busey’s existing deposit, commercial banking and wealth management presence in the Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area (MSA). Through this transaction, Busey’s deposit share ranking improves from #32 to #20 in this MSA. Chicagoland is the largest MSA in Illinois and the Midwest. The Chicagoland MSA includes the Illinois Counties of Cook, DuPage, ....

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