As of June 30, 2021, First Busey Corporation (Nasdaq: BUSE) was a $12.42 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $10.94 billion as of June 30, 2021, and is headquartered in Champaign, Illinois. Busey Bank currently has 53 banking centers serving Illinois, 10 banking centers serving Missouri, four banking centers serving southwest Florida, and one banking center in Indianapolis, Indiana.
Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 30 million transactions for a total of $9.0 billion on an annual basis. FirsTech, Inc. operates across the United States and Canada, providing payment solutions that include, but are not limited to, electronic payments, mobile payments, phone payments, remittance processing, in person payments, and merchant services. FirsTech, Inc. partners with 5,800+ agents across the U.S. More information about FirsTech, Inc. can be found at firstechpayments.com.
Glenview State Bank, a wholly-owned bank subsidiary of First Busey Corporation acquired in the second quarter of 2021, had total assets of $1.44 billion as of June 30, 2021, and is headquartered in Glenview, Illinois. Glenview State Bank currently has seven banking centers serving the Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area.
Through Busey Bank’s and GSB’s Wealth Management divisions, the Company provides asset management, investment, and fiduciary services to individuals, businesses, and foundations. As of June 30, 2021, Busey Bank’s assets under care were $11.02 billion, and GSB’s assets under care were $1.28 billion.
First Busey has been named a Best Place to Work across the company footprint since 2016 by Best Companies Group. We are honored to be consistently recognized by national and local organizations for our engaged culture of integrity and commitment to community development.
For more information about us, visit busey.com.
Special Note Concerning Forward-Looking Statements
Statements made in this report, other than those concerning historical financial
information, may be considered forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 with respect to the financial
condition, results of operations, plans, objectives, future performance and business
of the Company. Forward-looking statements, which may be based upon beliefs, expectations
and assumptions of the Company's management and on information currently available
to management, are generally identifiable by the use of words such as "believe,"
"expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could,"
"should" or other similar expressions. Additionally, all statements in this document,
including forward-looking statements, speak only as of the date they are made, and
we undertake no obligation to update any statement in light of new information or
future events. A number of factors, many of which are beyond our ability to control
or predict, could cause actual results to differ materially from those in our forward-looking
statements. These factors include, among others, the following: (i) the strength
of the local, state, national and international economy (including the impact of
tariffs, a U.S. withdrawal from or significant negotiation of trade agreements,
trade wars and other changes in trade regulations); (ii) the economic impact of
any future terrorist threats or attacks; (iii) changes in state and federal laws,
regulations and governmental policies concerning the Company's general business;
(iv) changes in interest rates and prepayment rates of the Company's assets; (v)
increased competition in the financial services sector and the inability to attract
new customers; (vi) changes in technology and the ability to develop and maintain
secure and reliable electronic systems; (vii) the loss of key executives or employees;
(viii) changes in consumer spending; (ix) unexpected results of current and/or future
acquisitions, which may include failure to realize the anticipated benefits of the
acquisition and the possibility that the transaction costs may be greater than anticipated;
(x) unexpected outcomes of existing or new litigation involving the Company; (xi)
changes in accounting policies and practices; and (xii) the economic impact of exceptional
weather occurrences such as tornadoes, hurricanes, floods, and blizzards. These
risks and uncertainties should be considered in evaluating forward-looking statements
and undue reliance should not be placed on such statements. Additional information
concerning the Company and its business, including additional factors that could
materially affect its financial results, is included in the Company's filings with
the Securities and Exchange Commission.
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