As of June 30, 2018, First Busey Corporation (NASDAQ: BUSE) was a $7.8 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, the wholly-owned bank subsidiary, with total assets of $7.8 billion as of June 30, 2018, is headquartered in Champaign, Illinois and has forty-four 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. 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 was named among Forbes’ 2018 Best-In-State Banks—one of five in Illinois and 124 from across the country, equaling 2.2% of all banks, recognized solely by customers. Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ people across the U.S. who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
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 4,000 agent locations in 43 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 June 30, 2018, Busey Wealth Management’s assets under care were approximately $7.0 billion.
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Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Act of 1934 as amended. These include statements as to the
benefits of the merger, including future financial and operating results, cost savings,
enhanced revenues and the accretion/dilution to reported earnings that may be realized
from the merger as well as other statements of expectations regarding the merger
and any other statements regarding future results or expectations. First Busey Corporation
intends such forward-looking statements to be covered by the safe harbor provisions
for forward-looking statements contained in the Private Securities Litigation Reform
Act of 1995 and is including this statement for purposes of these safe harbor provisions.
Forward-looking statements, which are based on certain assumptions and describe
future plans, strategies, and expectations of First Busey Corporation, are generally
identified by the use of words such as "believe," "expect," "intend," "anticipate,"
"estimate," "project," or similar expressions. First Busey Corporation's ability
to predict results, or the actual effect of future plans or strategies, is inherently
uncertain. Factors which could have a material adverse effect on the operations
and future prospects of First Busey Corporation and its subsidiaries include, but
are not limited to: the risk that the businesses of First Busey Corporation and
the former Main Street will not be integrated successfully or such integration may
be more difficult, time-consuming or costly than expected; expected revenue synergies
and cost savings from the merger may not be fully realized or realized within the
expected time frame; revenues following the merger may be lower than expected; customer
and employee relationships and business operations may be disrupted by the merger;
changes in interest rates, general economic conditions, legislative/regulatory changes,
monetary and fiscal policies of the U.S. government, including policies of the U.S.
Treasury and the Federal Reserve Board; the quality and composition of the loan
or securities portfolios; demand for loan products; deposit flows; competition;
demand for financial services in the companies' respective market areas; their implementation
of new technologies; their ability to develop and maintain secure and reliable electronic
systems; and accounting principles, policies, and guidelines. These risks and uncertainties
should be considered in evaluating forward-looking statements and undue reliance
should not be placed on such statements.