SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) - February 19, 1999
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 February 19, 1999, the Registrant announced its Repurchase Program. The
Registrant's Repurchase Program will cover up to 500,000 shares of its Class A
Common Stock.
The Press Release dated February 19, 1999 is attached as an exhibit hereto
and is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
99.1 Press Release, dated February 19, 1999.
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: February 22, 1999 By: /s/ Douglas C. Mills
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Name: Douglas C. Mills
Title: Chairman of the Board, Chief
Executive Officer and President
EXHIBIT INDEX
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EXHIBIT DESCRIPTION NUMBERED PAGE
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99.1 Press Release, dated
February 19, 1999
Contact: Douglas C. Mills First Busey Corporation
Chairman of the Board
201 West Main Street
urbana, IL 61801
Phone: 217-365-4512
Fax: 217-365-4592
February 19, 1999
PRESS RELEASE
At the February 16, 1999 Board Meeting of First Busey Corporation, the
Board of Directors approved a Repurchase Program authorizing Management to
purchase up to 500,000 shares of outstanding stock of First Busey Corporation,
or up to 4% of the currently outstanding shares of the Corporation.
First Busey Corporation is headquartered in Urbana, Illinois. Its banking
subsidiary, Busey Bank, has 18 community banking centers throughout Champaign,
McLean and Ford Counties in Illinois and one banking center in Indianapolis.
Busey also provides electronic delivery of financial services through Busey e-
bank (www.busey.com). Busey has a Loan Production Office in Fort Myers,
Florida, and a full-service broker/dealer subsidiary, First Busey Securities,
Inc. First Busey Securities currently has in excess of $375 million under care.
Busey Bank also owns Busey Travel as well as Busey Insurance Services, which
provides insurance products in McLean and Ford counties. First Busey Trust &
Investment Co. is a wholly owned subsidiary of First Busey Corporation
specializing in asset management and trust services. Currently, First Busey
Trust has total assets under care in excess of $760 million.
First Busey Corporation stock is traded on the Nasdaq National Market under
the symbol BUSE.