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busey.com

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Partners & Customers

4

Service Providers

3

About Busey Bank

First Busey Corporation (Nasdaq:BUSE) is a $3.5 billion financial holding company headquartered in Champaign, Illinois. Busey Bank, First Busey Corporation's wholly-owned bank subsidiary, is also headquartered in Champaign, Illinois and has twenty-eight banking centers serving Illinois, a banking center in Indianapolis, Indiana, and seven banking centers serving southwest Florida.

Busey Bank Headquarter Location

100 W. University Ave.

Champaign, Illinois, 61820,

United States

217-365-4544

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Latest Busey Bank News

Leaving the ‘numbing’ tasks to machines

Nov 11, 2021

REGISTER NOW Each month, back-office bank employees set about to do the tedious task of reconciling mortgage payments that come in with a Fannie Mae or Freddie Mac servicing profile. Certain identifying numbers are sometimes left off, and it’s up to these workers to manually make sure each payment corresponds to the correct account. But at the $12.4 billion-asset Busey Bank in Champaign, Illinois, that “numbing” task, as President and CEO Robin Elliott calls it, is handled by a robot. “We’re not looking to get rid of people,” said Robin Elliott, the president and CEO at Busey Bank. The intent of implementing robotic process automation is to eliminate tedious tasks that crush morale. While it’s unusual for a bank Busey’s size to outsource such tasks to a machine, Elliott said the investment was necessary not to eliminate workers, but to eliminate the kinds of menial assignments that can crush morale. “We’re not looking to get rid of people,” Elliott said. The goal is to free them up "to do more meaningful tasks,” which, in turn, is expected to make their jobs more pleasant. To be sure, it’s not an actual robot doing the work. Busey, a unit of First Busey Corp., has invested in robotic process automation. RPA is computer software that can emulate human actions. “A robot to me meant like R2D2, but really it’s a code that gives it a human element,” Elliott explained. Addressing the drudgery of back-office functions is just one way Busey, one of American Banker’s Best Banks to Work For , is improving working conditions for its roughly 1,300 employees. The bank has implemented a workflow system that can help arrange meetings and track the completion of projects, cutting down on time-consuming updates via email or phone conversations. It has also updated much of its back-office code and migrated it to a cloud-based system, moves that have allowed more of its engineers and back-office employees to work remotely. More Best Banks to Work For coverage:

Busey Bank Acquisitions

6 Acquisitions

Busey Bank acquired 6 companies. Their latest acquisition was Glenview State Bank on January 19, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/19/2021

$99M

Acquired

3

5/13/2019

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$99M

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10

8/22/2018

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$99M

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10

7/3/2017

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$99M

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10

3/15/2017

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$99M

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10

Date

1/19/2021

5/13/2019

8/22/2018

7/3/2017

3/15/2017

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

3

10

10

10

10

Busey Bank Partners & Customers

4 Partners and customers

Busey Bank has 4 strategic partners and customers. Busey Bank recently partnered with Jack Henry & Associates on July 7, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

7/23/2019

Vendor

Jack Henry & Associates

United States

3

6/23/2015

Vendor

Fundtech

United States

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10

12/6/2012

Partner

PULSE Network

United States

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10

9/28/2009

Vendor

Laru

United States

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10

Date

7/23/2019

6/23/2015

12/6/2012

9/28/2009

Type

Vendor

Vendor

Partner

Vendor

Business Partner

Jack Henry & Associates

Fundtech

PULSE Network

Laru

Country

United States

United States

United States

United States

News Snippet

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Sources

3

10

10

10

Busey Bank Service Providers

3 Service Providers

Busey Bank has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Stephens

Acquired, and Acq - P2P

Investment Bank

Financial Advisor

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Service Provider

Stephens

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Associated Rounds

Acquired, and Acq - P2P

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Busey Bank Team

6 Team Members

Busey Bank has 6 team members, including former President, Paul Millard.

Name

Work History

Title

Status

Paul Millard

President

Former

Susan K. Miller

Chief Financial Officer

Former

Darren Wright -

Senior Vice President

Former

David Bealke

Senior Vice President

Former

Jeremy Frieburg

Senior Vice President

Former

Name

Paul Millard

Susan K. Miller

Darren Wright -

David Bealke

Jeremy Frieburg

Work History

Title

President

Chief Financial Officer

Senior Vice President

Senior Vice President

Senior Vice President

Status

Former

Former

Former

Former

Former

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