Form 4: First Busey Corp Director Bradshaw Reports Acquisition of Shares Following Merger with CrossFirst Bankshares

Director Stanley J. Bradshaw reports acquisition of 27,367 shares of First Busey Corp common stock on March 1, 2025, following the merger with CrossFirst Bankshares, Inc.

Summary

• On March 1, 2025, Stanley J. Bradshaw, a director of First Busey Corp, acquired 27,367 shares of common stock.
• The acquisition was a result of the merger between First Busey Corp and CrossFirst Bankshares, Inc., which was agreed upon on August 26, 2024.
• Under the merger agreement, each share of CrossFirst common stock was converted into the right to receive 0.6675 shares of First Busey common stock and cash in lieu of fractional shares.
• Following the transaction, Bradshaw directly owns 464,848 shares of First Busey Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The merger is a significant corporate event, and the director's acquisition of shares is a natural consequence. There are no explicit negative indicators.

Positives

• The merger between First Busey Corp and CrossFirst Bankshares has been completed, indicating strategic growth for First Busey.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

The merger reflects a trend of consolidation within the banking industry, as institutions seek to expand their market presence and improve efficiency.

Stakeholder Impact

• Shareholders of CrossFirst Bankshares received First Busey Corp shares as part of the merger agreement.
• The merger could lead to changes in services or operations affecting customers of both banks.
• Employees of both companies may experience changes in their roles or responsibilities.

Key Dates