First Busey (BUSE) said Monday it completed its acquisition of CrossFirst Bankshares (CFB) on March 1.
Following the acquisition, Busey said it would operate CrossFirst Bank as a separate subsidiary until it merges with Busey Bank in June 2025.
The company said that the combined entity will be headquartered in Leawood, Kansas, with Busey Bank's headquarters remaining in Champaign, Illinois. It added the board of the merged entity will include 13 directors, with eight from Busey and five from CrossFirst.
CrossFirst's shares ceased trading on the Nasdaq after Feb. 28, and the new company will continue trading under the 'BUSE' ticker, the company said.
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