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) - May 4, 2004
FIRST BUSEY CORPORATION
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(Exact name of registrant as specified in its charter)
Nevada 0-15959 37-1078406
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(State of other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
201 West 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 Tuesday, May 4, 2004, the Registrant issued a press release. The press
release is incorporated herein by reference and is attached as Exhibit 99.1.
The press release made a part of this Form 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 the Registrant.
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. The
Registrant 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.
ITEM 7. Financial Statements and Exhibits
EXHIBIT 99.1 Press Release, dated May 4, 2004
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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: May 4, 2004 By: /s/ Douglas C. Mills
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Name: Douglas C. Mills
Title: Chairman of the Board
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EXHIBIT INDEX
99.1 Press Release, dated May 4, 2004.
Exhibit 99.1
First Busey Closes $15 Million Trust Preferred Offering
URBANA, Ill., May 4 /PRNewswire-FirstCall/ -- First Busey Corporation
(Nasdaq: BUSE) on April 30, 2004 received $15 million in proceeds as part of a
pooled Trust Preferred program. Keefe Bruyette & Woods Inc. and FTN Financial
Capital Markets served as placement agents in the offering. Howe Barnes
Investments, Inc. acted as a financial advisor on the transaction.
The proceeds, which are expected to qualify as Tier 1 Capital for regulatory
purposes, will be used to partially fund a pending acquisition by First Busey.
First Busey Corporation is a financial holding company headquartered in
Urbana, Illinois. First Busey Corporation has two wholly owned banking
subsidiaries with locations in three states. Busey Bank is headquartered in
Urbana, Illinois and has eighteen banking centers serving Champaign, McLean and
Ford Counties in Illinois. Busey Bank also has a banking center in
Indianapolis, Indiana and a loan production office in Ft. Myers, Florida. Total
assets of Busey Bank were $1.4 billion as of March 31, 2004. Busey Bank Florida
is a federal thrift headquartered in Ft. Myers, Florida with two banking centers
located in Cape Coral, Florida. Total assets of Busey Bank Florida were
$117 million as of March 31, 2004. Busey provides electronic delivery of
financial services through Busey e-bank, www.busey.com .
Busey Investment Group is a wholly owned subsidiary of First Busey
Corporation and owns three subsidiaries. First Busey Trust & Investment Co.
specializes in asset management and trust services with approximately
$1.25 billion in assets under care. First Busey Securities, Inc. (member
NASD/SIPC) is a full-service broker/dealer subsidiary with more than
$600 million in assets under care. Busey Insurance Services, Inc. provides
personal insurance products and specializes in long-term healthcare insurance.
SOURCE First Busey Corporation
-0- 05/04/2004
/CONTACT: Barbara J. Kuhl, President, of First Busey Corporation,
+1-217-365-4513/
/Web site: http://www.busey.com /
(BUSE)
CO: First Busey Corporation
ST: Illinois
IN: FIN
SU: OFR