First Busey Corporation is a $3,4 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, First Busey Corporation’s wholly-owned bank subsidiary, is headquartered in Champaign, Illinois and has thirty-three branches serving downstate Illinois, a branch in Indianapolis, Indiana, and seven branches serving southwest Florida. Busey Bank had total assets of $3.3 billion as of December 31, 2011.
Busey Wealth Management is a wholly-owned subsidiary of First Busey Corporation. Through Busey Trust Company, Busey Wealth Management delivers trust, asset management, retail brokerage and insurance products and services. As of December 31, 2011, Busey Wealth Management managed approximately $3.8 billion in assets.
First Busey Corporation owns a retail payment processing subsidiary, FirsTech, Inc., which processes over 22 million transactions per year through online bill payments, lockbox processing and walk-in payments through its 3,100 agent locations in 38 states.
HQ Address: 100 West University Avenue, 61820, Champaign, IL, USA
On January 13, 1868, the Busey Brothers and Company Bank opened for business. The three founders were Dr. W.R. Earhart and two brothers; Simeon and Colonel Samuel T. Busey. Busey was Samuel Busey's brainchild and it is his name that is remembered when its origins are mentioned. To open the Busey Brothers and Company Bank, the three founders invested $11,000. According to the ledger, Busey collected $9,555.60 in deposits on its first day of business. The following year, Earhart sold his interest in the Bank to his partners, and it became known simply as the Busey Brothers Bank. Busey received its state charter in 1913 and became Busey's State Bank. In 1945, the bank received its federal charter and became Busey First National Bank. Until the 1970’s, the organization was majority owned and managed by the Busey family. In the spring of 1971, Catherine Jane Klassen, granddaughter of Samuel T. Busey and the last descendant directly involved with the Bank's management, sold her interest to a young man named Douglas C. Mills.
Although Doug was not family, he remained committed to maintaining the Busey traditions of community involvement and financial integrity. Through this unwavering commitment, Busey has maintained its reputation of strength and stability throughout its existence. In September of 2006, First Busey Corporation and Main Street Trust, Inc. announced a merger of equals transaction to combine the operations of the two community banks. The merger of the holding companies was finalized on July 31, 2007, and the new Busey opened for business on November 13, 2007.