Busey CEO tells of merger plans for Illinois, Florida subsidiaries

URBANA – First Busey Corp. plans to consolidate its Illinois and Florida banking subsidiaries, the Urbana-based company revealed this week as it reported third-quarter earnings.

"It makes sense for us from a strategy standpoint and a cost standpoint to merge our banks into one bank," First Busey President and Chief Executive Officer Van Dukeman said. "The resulting bank will be larger and, we believe, more efficient due to the lack of duplicate costs and processes."

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