Central Illinois Banks Merge

By Brad Barnett

Central Illinois Banks Merge

July 15, 2010 Updated Nov 9, 2007 at 1:25 PM CDT

Two leading area banks are joining forces to form a new identity for Busey Bank.

Officials unveiled the merger between Busey Bank and Main Street Bank and Trust today at a morning news conference.

The merger is part of a four billion dollar transaction between two financial holding companies; both are headquartered in downstate Illinois.

Bank officials say no job cuts will be made because of the merger.

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