A Creative Counteroffer Led to a Bank Merger

First Busey in Illinois gave the board of M&M Bank two options to finalize a deal, showing the benefit of offers that include both cash and common stock.

We’re close to the weekend, Bank Slaters!

Here’s another filing that struck me. This one reviews the background of First Busey’s pending purchase of Merchants and Manufacturers Bank. I want to draw attention to an often-overlooked benefit of negotiating cash-and-stock acquisitions — an ability to adjust the cash and/or stock consideration to get a deal across the finish line.

Take a look at let me know what you think at info@thebankslate.com.