First Busey Corporation, holding company of First Busey Bank, Champaign, Illinois, completed its acquisition by merger of CrossFirst Bankshares Inc., holding company of CrossFirst Bank, Leawood, Kansas, effective March 1.
CrossFirst Bank banking centers immediately became branches of Busey Bank, operating under the Busey brand. The combined company has 77 locations across 10 states with combined total assets of approximately $20 billion, $17 billion in total deposits, $15 billion in total loans and $14 billion in wealth assets under care.
The holding company will be based in Leawood, Kansas, which is in the Kansas City metro area and central to the combined company’s new footprint. The bank’s headquarters will remain in Champaign, Illinois. Both the holding company and bank are governed by a board comprised of 13 directors, with eight from First Busey Corporation or Busey Bank and five from CrossFirst.
