The Barack Ferrazzano Financial Institutions Group acted as legal counsel for First Busey Corporation ("Busey") (NASDAQ:BUSE), the holding company for Busey Bank, which announced the completion of its merger with First Community Financial Partners, Inc., the holding company for First Community Financial Bank, which was previously announced on February 6, 2017. To read more about the transaction click here.
This acquisition allows Busey access to the thriving southwest suburban markets of the greater Chicagoland area. Following the merger, Busey is approximately a $7 billion financial holding company.
Both Busey Bank and First Community Financial Bank were named among the top performing small-cap banks and thrifts by Sandler O'Neill + Partners, L.P. in 2016. Of the 26 selected nation-wide, they were the only two Illinois banks to be named.
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 S&P Global Market Intelligence. 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 2017 report.