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Deal Overview

Buyer:
First Busey Corporation
Actual Acquirer:
First Busey Corporation
Target:
Eagle Bank of Champaign County, NA
Deal Type:
Bank & Thrift Company
Agreement Date:
4/13/1993
Announcement Date:
4/13/1993
Announced Deal Value ($ M):
NA
Status:
Terminated
Completion Date:
4/16/1993
Announced Deal Value Per Share ($ )
NA

Deal Terms
Description of Consideration

The proposed acquisition of Eagle Bank of Champain County was terminated. First Busey eventually acquired most of the assets and liabilities of Eaglefrom the FDIC. First Rantoul Corp. owned 94.5% of the stock of Eagle Bank.

Accounting Method NA
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NA