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First Busey Corporation to Acquire Pulaski Financial Corp.

Barack Ferrazzano Represents First Busey

The Barack Ferrazzano Financial Institutions Group acted as legal counsel for Champaign, Illinois based First Busey Corporation (NASDAQ: BUSE), the holding company for Busey Bank, in the proposed acquisition of St. Louis, Missouri based Pulaski Financial Corp. (NASDAQ: PULB), the holding company for Pulaski Bank, National Association, which was announced on December 3, 2015. The acquisition, valued at approximately $210.7 million, is expected to close in the first half of 2016. The transaction expands First Busey into St. Louis, adding Pulaski Bank's thirteen branches in metropolitan St. Louis to Busey Bank's thirty-six existing banking centers, with twenty-nine in Illinois, one in Indianapolis, Indiana and six serving southwest Florida. Barack Ferrazzano's legal team was led by Robert M. Fleetwood, along with John E. Freechack and Abdul R. Mitha. Executive compensation and benefits matters were handled by Donald L. Norman and K.C. Klagos.

This transaction represents Barack Ferrazzano’s 11th whole bank and thrift M&A transaction in 2015. Since January 1, 2013, Barack Ferrazzano has acted as legal advisor on 31 whole bank and thrift M&A transactions in the Midwest, more than any other legal advisor during that time period.

Source: SNL Financial

Barack Ferrazzano Financial Institutions Group
Our 30-attorney Group has represented more than 250 financial institutions across the country.  Our M&A experience is unparalleled-over the past decade, our Group ranked #1 in the Midwest region by number of announced bank and thrift merger and acquisition transactions, according to SNL Financial. The Financial Institutions Group was again named as one of the top financial institution groups in the nation in the U.S. News & Best Lawyers 2016 report.

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