First Busey Corporation and Tarpon Coast Bancorp, Inc. Announce Agreement to Merge.

PR Newswire | February 24, 2005 | Copyright

First Busey Corporation ("First Busey"), and Tarpon Coast Bancorp, Inc. (BULLETIN BOARD: TCBA) ("Tarpon") jointly announced today the signing of a definitive agreement in which First Busey, headquartered in Urbana, Illinois, will acquire Tarpon in an exchange of cash and stock. Tarpon, headquartered in Port Charlotte, Florida, operates Tarpon Coast Bank, a nationally chartered bank with four offices in Charlotte and Sarasota Counties.

The transaction, approved by the directors of both companies, is valued at approximately $35.6 million. Under the terms of the ...

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