First Busey Corp.

First Busey Corp.

Sector: Offices Of Bank Holding Companies Region: IL, United States

: | Nasdaq: BUSE

Similar to: Huntington Bancshares, Inc.

First Busey Corp. is a bank holding company, which provides financial services through its banking and non-banking subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri. The company operates its business through three segments: Busey Bank, FirsTech and Busey Wealth Management segment. Busey Bank segment offers a full range of banking services, including commercial, agricultural and real estate loans, and retail banking services, including accepting customary types of demand and savings deposits, making individual, consumer, installment, first mortgage and second mortgage loans, offering money transfers, safe deposit services, IRA, Keogh and other fiduciary services, automated banking and automated fund transfers. Its loan portfolio is primarily comprised of loans in the areas of commercial loans, commercial real estate, residential real estate, and consumer lending. FirsTech segment offers the following pay processing solutions: walk-in payments processing for payments delivered by customers to retail pay agents; online bill payment solutions for payments made by customers on a billing company's website; customer service payments for payments accepted over the telephone; direct debit services; electronic concentration of payments delivered by the Automated Clearing House network; money management software and credit card networks; and lockbox remittance processing of payments delivered by mail. Busey Wealth Management segment provides asset management, brokerage and fiduciary services to individuals, businesses and foundations. For individuals, it provides financial planning, investment management, retirement planning, brokerage and trust and estate advisory services. For businesses, it provides investment management, business succession planning and employee retirement plan services. For foundations, it provides services such as investment management, investment strategy consulting and fiduciary. First Busey was founded in 1980 and is headquartered in Champaign, IL.

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