First Busey’s CFO departure ‘very surprising,’ says Piper Sandler

First Busey (BUSE) on Friday announced the departure of CFO Jeff Jones, and while the departure wasn’t related to any disagreements relating to the company’s financials, operations, policies or practices, or the pending acquisition of CrossFirst (CFB), Jones’ exit was “very surprising,” Piper Sandler tells investors in a research note. The firm, which has an Overweight rating and $28 price target on the stock, notes that Jones was to remain CFO of the combined Busey-CrossFirst entity and was “enthusiastic” for the deal.