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New Deal


Announced

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

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

banking services

Banks

Acquisition

Majority

Merger

Private

Single Bidder

Friendly

Pending

Domestic

Synopsis

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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.

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