Federal Reserve News: FRB announces approval of application by First Busey Corporation

WASHINGTON – Jan. 12, 2019 – The Federal Reserve Board (FRB) on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Busey Corporation, Champaign, Illinois, to acquire The Banc Ed Corp., and thereby indirectly acquire Ed Corp’s subsidiary bank, The Bank of Edwardsville, both of Edwardsville, Illinois.

Attached is the Board’s order relating to this action.

SOURCE: news provided by FEDERALRESERVE.GOV on January 11, 2019