SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20579
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) - April 16, 2001
FIRST BUSEY CORPORATION
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(Exact name of registrant as specified in its charter)
Nevada 0-15950 37-1078406
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
201 W. Main Street, Urbana, Illinois 61801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (217) 365-4513
ITEM 5. OTHER EVENTS.
On Monday, April 16, 2001, the Registrant held its 2001 Annual Meeting of
Stockholders. The slide presentation presented at the Annual Meeting is
made part of this Form 8-K and is attached as Exhibit 99.1.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
99.1 2001 Annual Meeting of Stockholders slide presentation, dated
April 16, 2001.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FIRST BUSEY CORPORATION
Date: April 16, 2001 By: /s/ Douglas C. Mills
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Name: Douglas C. Mills
Title: Chairman and Chief
Executive Officer
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EXHIBIT INDEX
99.1 2001 Annual Meeting of Stockholders slide presentation, dated
April 16, 2001.
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SLIDE 1:
First Busey Corporation
21st Annual
Shareholders' Meeting
SLIDE 2:
FORWARD LOOKING STATEMENTS
This presentation includes forward looking statements that are intended
to be covered by the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward looking statements include but
are not limited to comments with respect to the objectives and strategies,
financial condition, results of operations and business of First Busey.
These forward looking statements involve numerous assumptions, inherent
risks and uncertainties, both general and specific, and the risk that
predictions and other forward looking statements will not be achieved. First
Busey cautions you not to place undue reliance on these forward looking
statements as a number of important factors could cause actual future results
to differ materially from the plans, objectives, expectations, estimates and
intentions expressed in such forward looking statements.
These risks, uncertainties and other factors include:
- the general state of the economy, both on a local and national level;
- the ability of First Busey to successfully complete acquisitions;
- the continued growth of the Champaign-Urbana, Illinois geographic
area; and
- the retention of individuals who currently are very important in
the management structure of First Busey.
SLIDE 3:
The Busey History
SLIDE 4:
THE 70'S
THE TURTLE ERA
"Slow and Steady Wins the Race"
March 29, 1971 - Doug and Linda Mills join Busey
Total Assets: $43,000,000
Shareholders' Equity: $2,400,000
SLIDE 5:
"Slow and Steady Wins the Race"
December 31, 1979
Busey First National Bank
has Total Assets of
$140,000,000
An increase of 226%
from March 1971
SLIDE 6:
THE 80'S
THE ERA OF THE EAGLE
"Soaring to New Heights"
March 1980 First Busey Corporation Formed
April 1982 New Headquarters Building
SLIDE 7:
"Soaring to New Heights"
1982 Acquired Roberts State Bank
National Bank of Urbana
1984 Acquired City Bank of Champaign
Citizens Bank of Tolono
SLIDE 8:
"Soaring to New Heights"
1985 Acquired State Bank of Heyworth
FNB Thomasboro
1986 Acquired Champaign County Bank &
Trust
Sold Roberts State Bank
SLIDE 9:
"Soaring to New Heights"
1987 Formed First Busey Trust &
Investment Company
June 30, 1988 FBC completes Initial Public
Offering 175,000 shares at $16.50
SLIDE 10:
"Soaring to New Heights"
October 1989 FBC establishes a leveraged
ESOP to benefit associates
1989 Acquired Community Bank of Mahomet
State Bank of St. Joseph
SLIDE 11:
"Soaring to New Heights"
December 31, 1989
First Busey ends the era with Total Assets of $513,279,000
Market capitalization of $60.5 Million
660 Shareholders
313 Associates
SLIDE 12:
THE 90'S
THE ERA OF
THE ZOO
"The Goose, the Rhino, the Giraffe
and
the Monarch Butterfly"
April 1991 First Busey Securities is formed
1992 Acquired deposits from 6
Savings and Loan branches
February 1993 Acquired LeRoy State Bank
SLIDE 13:
"THE ZOO"
July 1993 Acquired Eagle Bank
January 1998 Chartered Busey Business Bank
October 1998 BUSE goes on Nasdaq
February 1999 Formed Busey Investment Group
October 1999 Acquired First Federal S&L
SLIDE 14:
"THE ZOO"
December 31, 1999
First Busey ends the era with Total Assets of $1,247,123,000
Market capitalization of $314.5 million
965 Shareholders
494 Associates
SLIDE 15:
Busey
History
SLIDE 16:
THE 2000'S
"THE ERA OF WOW"
Wisdom + Opportunities =
Winning
SLIDE 17:
"WOW"
June 2000 Acquired Secord Asset Management
October 2000 Opened Banking Center in Ft.
Myers Florida
SLIDE 18:
"WOW"
January 1, 2001
First Busey has total assets of
$ 1,355,044,000
Market capitalization of $268.1 million
936 Shareholders
484 Associates
SLIDE 19:
First Busey Corporation
The Building Blocks
January 1991
to
January 2001
SLIDE 20:
First Busey Corporation
Total Assets
12/31/91 $ 564,704,000
1/01/01 $ 1,355,044,000
Growth Rate 10.21%
SLIDE 21:
First Busey Corporation
Total Loans
12/31/91 $ 318,894,000
1/01/01 $ 984,369,000
Growth Rate 13.34%
SLIDE 22:
First Busey Corporation
Shareholders' Equity
12/31/91 $ 41,648,000
1/01/01 $ 92,325,000
Growth Rate 9.25%
SLIDE 23:
First Busey Corporation
Price per Share
12/31/91 $ 5.34
1/01/01 $ 19.94
Growth Rate 15.86%
SLIDE 24:
First Busey Corporation
Benefit Plans
12/31/91 $ 7,258,000
1/01/01 $ 30,300,000
Growth Rate 17.21%
SLIDE 25:
First Busey Corporation
Busey Investment Group
12/31/91 $ 338,000,000
1/01/01 $ 1,558,000,000
Growth Rate 18%
SLIDE 26:
First Busey Corporation
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Assets
$1,355,044,000
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Loans
$984,369,000
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Equity
$92,325,000
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$/Share
$19.94
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BIG
$1,558,000,000
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Benefits
$30,300,000
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SLIDE 27:
First Busey Corporation
December 31, 2000
Thousands of Dollars Total Total Net
Assets Loans Income
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Busey Bank $ 1,051,585 $ 723,873 $ 13,564
BankIllinois $ 579,791 $ 358,105 $ 8,312
Central Illinois Bank $ 806,679 $ 590,519 $ 8,583
First Federal $ 151,005 $ 125,067 $ 212
Bank of Rantoul $ 139,811 $ 75,090 $ 2,108
SLIDE 28:
First Busey Corporation
Champaign County Market Share
25 Banks & S&L's June 30, 2000
Total Percent of
Thousands of Dollars Deposits Total
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Busey Bank $ 745,820 30.00%
BankIllinois $ 404,900 16.29%
Central Illinois Bank $ 362,165 14.57%
First Federal $ 123,117 4.95%
Bank of Rantoul $ 86,269 3.47%
SLIDE 29:
First Busey Corporation
Vision 2010
SLIDE 30:
First Busey Corporation
Vision 2010
A picture of the Busey Organization on January 1, 2010 and Management's
commitment to ourselves and others to take the necessary action to ensure
this vision becomes a reality
SLIDE 31:
First Busey Corporation
Assets
$5,000,000,000
SLIDE 32:
First Busey Corporation
Loans
$4,000,000,000
SLIDE 33:
First Busey Corporation
Equity
$350,000,000
SLIDE 34:
First Busey Corporation
Net Income
$67,200,000
SLIDE 35:
First Busey Corporation
Earnings/Share
$4.20
SLIDE 36:
First Busey Corporation
BIG
$9,000,000,000
SLIDE 37:
First Busey Corporation
Vision 2010
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Assets
$5,000,000,000
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Loans
$4,000,000,000
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Equity
$350,000,000
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Net Income
$67,200,000
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BIG
$9,000,000,000
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Earnings /Share
$4.20
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