Busey Bank
| Public (NASDAQ: BUSE) | |
| Industry | Financial Services |
| Founded | 1868 |
| Headquarters | Champaign, Illinois, USA |
|
Number of locations
|
47; and more than 25,000 ATMs |
|
Area served
|
Florida: Charlotte, Lee, Sarasota counties Indiana: Indianapolis Illinois: Champaign, Ford, McLean, Peoria, Tazewell counties |
|
Key people
|
Van A. Dukeman, President & CEO |
| Services | Banking, Insurance, Investment, Finances, Mortgages, Wealth Management |
|
Number of employees
|
approx. 1400 |
| Subsidiaries | Busey Bank Busey Wealth Management FirsTech, Inc. Trevett Capital Partners |
| Website | http://www.busey.com/ |
As of March 31, 2017, First Busey Corporation (Nasdaq: BUSE) is a $5.4 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, a wholly owned bank subsidiary, is headquartered in Champaign, Illinois and has twenty-eight banking centers serving Illinois, thirteen banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Busey Bank also offers mortgage loan products through fifteen loan production offices in the St. Louis, Kansas City, Chicago, Omaha-Council Bluffs metropolitan areas and across the Midwest. Trevett Capital Partners, a wealth management division of Busey Bank, provides asset management, investment and fiduciary services to high net worth clients in southwest Florida. The wealth management professionals of Trevett Capital Partners can be reached through trevettcapitalpartners.com.
Busey Bank had total assets of $5.4 billion as of March 31, 2017.
In addition, Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 3,000 agent locations in 36 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Wealth Management is a wholly owned subsidiary of First Busey Corporation. Through Busey Trust Company, Busey Wealth Management provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of March 31, 2017, Busey Wealth Management’s assets under care were approximately $5.5 billion.
On January 13, 1868, three men opened the Busey Brothers and Company Bank. One of the three was Dr. W. R. Earhart; the other two were brothers, Simeon Busey and the Bank's first president, Colonel Samuel T. Busey. The Bank was Samuel Busey's brainchild and it is his name that is remembered when the origins of Busey Bank are mentioned.
Samuel Busey was one of Champaign-Urbana, Illinois' leading citizens. He is characterized in Champaign County history as a "soldier, banker, patriot, and public-spirited citizen." Samuel Busey served as mayor of Urbana, Illinois, president of the Urbana Board of Education and congressman from the 15th District of Illinois.
The Bank opened in 1868 under the name of Busey Brothers and Company. Earhart, Simeon and Samuel Busey invested $11,000 to open Busey Brothers and Company. The Bank's ledger shows the pioneer financiers took in $9,555.60 in deposits on their first day of business.
Earhart sold his interest in the bank to his partners the next year and it became the Busey Brothers Bank. In 1877, Matthew W. Busey, the Colonel's nephew and a bookkeeper at the bank, purchased Earhart's share.
Samuel was president of the bank from its inception until 1888 when he sold his interest to Matthew and Matthew's brother, George. Matthew assumed the position of president after the sale.
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Wikipedia