First Busey Corporation · NASDAQ:BUSE
First Busey — Merger or Acquisition (November 2023)
7 slides from First Busey's merger presentation, Nov 27, 2023
Slide 1: Investor Presentation: Acquisition of Merchants & Manufacturers Bank Corporation
INVESTOR PRESENTATION Acquisition of Merchants & Manufacturers B a n k C o r p o ra t i o n November 27, 2023
Slide 2: Merchants and Manufacturers Bank Corp.
Investor Presentation First Busey Corporation | Ticker: BUSE 2 Merchants and Manufacturers Bank Corp. + Bank-Level Financial Highlights¹ 5 Branches in Illinois: Will & DuPage Counties $ in millions 2021 2022 3Q23 YTD Pro Forma Total Assets $360 $417 $473 Chicagoland Map Total Loans $321 $372 $406 M&
Slide 3: Strategic Rationale
Investor Presentation First Busey Corporation | Ticker: BUSE 3 Strategic Rationale + ▪ Defensible, scalable niche as established market leader in providing loans secured by cash value life insurance policies and related credit products ▪ Service-first business model aligns with Busey’s focus – M&M p
Slide 4: Loan Portfolio
Investor Presentation First Busey Corporation | Ticker: BUSE 4 Loan Portfolio + M&M Total Loan Portfolio Composition | 3Q23 M&M Life Equity Loan Portfolio Trend $ in millions +31% 10-Year CAGR ▪ Conservatively underwritten, diversified and granular ▪ Life Equity Loans represent 55% of total on-balan
Slide 5: Diligence Process & Results
Investor Presentation First Busey Corporation | Ticker: BUSE 5 Diligence Process & Results + ▪ Long-standing relationship between key members of Busey and M&M leadership Long-term relationship between transaction ▪ Pre-existing commercial relationship over many years as a participation partner for p
Slide 6: Deal Terms & Pro Forma Financial Impacts
Investor Presentation First Busey Corporation | Ticker: BUSE 6 Deal Terms & Pro Forma Financial Impacts + ▪ $41.6 million aggregate deal value to common shareholders ¹ Purchase Price ▪ $117.74 total consideration per M&M share ¹ ▪ 71% stock, 29% cash Consideration Mix ▪ Election mechanism, subject t
Slide 7: Forward-Looking Statements and Additional Information
Investor Presentation First Busey Corporation | Ticker: BUSE 7 Forward-Looking Statements and Additional Information Special Note Concerning Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995