First Busey Corporation (NASDAQ:BUSE) Files An 8-K Regulation FD Disclosure

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First Busey Corporation (NASDAQ:BUSE) Files An 8-K Regulation FD Disclosure
Item 7.01Regulation FD Disclosure.

On October 2, 2017, First Busey Corporation, a Nevada corporation ("First Busey"), issued a press release regarding the consummation of its previously announced merger with Mid Illinois Bancorp, Inc., an Illinois corporation ("Mid Illinois"). A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information furnished to this Item and the related exhibit shall not be deemed "filed" for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

Item 8.01Other Events.

The merger of Mid Illinois with and into First Busey (the "Merger") was consummated on October 1, 2017, to an Agreement and Plan of Merger, dated March 13, 2017, by and between First Busey and Mid Illinois. At the effective time of the Merger, each share of Mid Illinois common stock converted to the right to receive, at the election of each shareholder, and subject to proration, (i)$227.94 in cash, (ii)7.5149 shares of First Busey common stock, or (iii)mixed consideration of $68.38 in cash and 5.2604 shares of First Busey common stock, with total consideration consisting of 70% stock and 30% cash.

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits.

99.1

Press Release, dated October 2, 2017


FIRST BUSEY CORP /NV/ Exhibit
EX-99.1 2 exhibit99_1.htm EXHIBIT 99.1   EXHIBIT 99.1 FOR IMMEDIATE RELEASE October 2,…
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About First Busey Corporation (NASDAQ:BUSE)

First Busey Corporation (First Busey) is a financial holding company. The Company offers a range of financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. First Busey has a bank subsidiary, Busey Bank (the Bank). It operates through three segments: Banking, Remittance Processing and Wealth Management. The Banking operating segment provides a range of banking services to individual and corporate customers through its branch network in downstate Illinois, through its branch in Indianapolis, Indiana, and through its branch network in southwest Florida. The Remittance Processing segment provides for online bill payments, lockbox and walk-in payments. The Wealth Management segment provides a range of asset management, investment and fiduciary services to individuals, businesses and foundations, tax preparation, philanthropic advisory services, and farm and brokerage services.