On March 20, First Busey Corp Said Merchants And Manufacturers Bank Corp's Shareholders Voted To Approve The Merger Agreement
Portfolio Pulse from Benzinga Newsdesk
First Busey Corp's merger with Merchants and Manufacturers Bank Corp has been approved by M&M's shareholders and received all necessary regulatory approvals. The merger is set to complete on April 1, 2024, with plans to subsequently merge their respective bank subsidiaries.
March 22, 2024 | 1:03 pm
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First Busey Corp's merger with Merchants and Manufacturers Bank Corp has been approved, set to complete on April 1, 2024.
The approval of the merger by shareholders and regulatory bodies is a significant step towards the completion of the merger, indicating strong support and a clear path forward. This is likely to be viewed positively by investors, as mergers can lead to operational efficiencies, expanded market presence, and potential revenue growth. The completion date being set adds certainty to the process, further bolstering investor confidence.
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