First Busey to merge with Merchants and Manufacturers Bank Corporation for $41.6m.

First Busey, a retail banking company, agreed to merge with Merchants Manufacturers Bank Corporation, a banking service company, for $41.6m. “Being a strong, local bank for the communities we serve is important to both Busey and M&M, and thanks to outstanding associates, we both have been successful growing our companies. With a collective, focused expertise in well-capitalized banking—built on the foundational principles of community banking—our combined franchise will pair Busey’s regionalized approach with M&M’s Life Equity Loan products and commercial lending expertise to provide clients with personalized solutions,” Van A. Dukeman, First Busey Chairman, President and Chief Executive Officer.