Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  First Busey Corporation (Click for buyer financial information)
Target:  Investors' Security Trust Company (Click for target financial information)
Target Type: 
Deal Type:  Securities & Investments Company
Announcement Date 5/7/19   Announced Deal Value ($M) NA
Status Completed   Announced Deal Value Per Share($) NA
Completion Date 9/3/19  
 
Deal Summary
Champaign, Ill.-based First Busey Corp. unit Busey Bank has acquired Fort Myers, Fla.-based Investors' Security Trust Co. As a result of this transaction, Investors' Security Trust Co. merged with and into the wealth management division of Busey Bank and the president and chief executive officer of Investors' Security Trust, Charles K. Idelson, will continue to serve the Fort Myers community as executive vice president and Florida market chairman at Busey. Investors' Security Trust Co. is a provider of investment, trust and estate management services.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) NA NA
Price / Earnings (x) NA NA


Deal Terms

Description of Consideration
The terms of the deal were not disclosed.
Percent Acquired (%) 100.00   Accounting Method NA

Deal Advisers

Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Raymond James & Assoc. Inc.
 
Seller Yes DD&F Consulting Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Barack Ferrazzano Kirschbaum
 
Seller Yes Smith Mackinnon PA

© Copyright 2019, SNL Financial LC

Terms of Use