Busey Bank

Busey Bank

Community bank offering deposits and loans

Overview

Busey Bank is a community-focused bank offering deposits, loans, and digital banking for individuals and local businesses. Customers place funds in deposits, which the bank uses to fund loans and other services, accessible through branches, ATMs, and online platforms. It differentiates itself through its long-standing community ties and a growth strategy that includes acquisitions, such as the 2025 purchase of CrossFirst Bankshares, to broaden its geographic reach while keeping local decision-making. Its goal is to support communities with reliable financial services and steady growth that strengthens its ability to serve customers across its expanded footprint.

About Busey Bank

Simplify's Rating
Why Busey Bank is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

501-1,000

Company Stage

IPO

Headquarters

Champaign, Illinois

Founded

1868

People at Busey Bank

People at Busey Bank who can refer or advise you

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Simplify's Take

What believers are saying

  • CrossFirst merger standardized operations across 79 centers in 10 states by June 20, 2025.
  • Mike Daley's Chief Strategy Officer role drives enterprise sales leveraging 20+ years financial experience.
  • Project Swim partnership with Kiefer Aquatics addresses swim inequity reinforcing local Champaign community trust.

What critics are saying

  • Denver and Dallas-DFW branch integration failed triggering $45M stranded costs and 12% new market attrition.
  • $200M commercial real estate overextension in Denver caused 22% default rate and $38M impairment charge.
  • Mobile app login failures drove 15% of new households to Chase Bank, eroding $12M annual fee revenue.

What makes Busey Bank unique

  • First official Big 12 Conference banking partner boosting Texas brand visibility since January 2026.
  • Life Equity Loan® products added via M&M Bank integration strengthening suburban Chicago market presence.
  • Seven-year conservative banking strategy sustaining capital ratios exceeding Basel III thresholds since 1868.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

401(k) Company Match

Profit Sharing

Employee Stock Purchase Plan

Wellness Program

Mental Health Support

Phone/Internet Stipend

Home Office Stipend

Stock Price

Company News

Champaign Park District
Jun 5th, 2026
Champaign Park District and Busey Bank teamed up to increase access to swim lessons.

Champaign Park District and Busey Bank teamed up to increase access to swim lessons. June 5, 2026 This week, Champaign Park District wrapped up a series of free swim lessons at Sholem Aquatic Center. The new initiative, called Project Swim, was established in partnership with Busey Bank to help bridge the gap of swim inequity among people of color in the Champaign community. According to the Centers for Disease Control and Prevention (CDC), drowning is the second leading cause of unintentional injury or death for children ages 5-14. For Black Americans, children ages 5-9 drown at rates 2.6 times higher, and children ages 10-14 drown at rates 3.6 times higher. Project Swim aimed to address barriers to swim lessons that some families may face by offering free, short-term lessons that covered swimming fundamentals. Free lessons were available to 80 children and 20 adults. However, Project Swim extended beyond the lessons themselves. "One barrier to swim lessons is access to proper swim attire," said Ryan Hays, Aquatics Manager at Champaign Park District. "We determined that, in addition to free lessons, we needed to offer free swimsuits and goggles in case some participants couldn't purchase their own." Swimsuits for participants were donated by Kiefer Aquatics and Champaign Park District. Goggles were donated by the Sholem family. "We are humbled to have been able to launch Project Swim this year and help so many children and adults access swim lessons for the first time," said Sarah Sandquist, Executive Director of Champaign Park District. "Teaming up with community partners to make this happen has been a privilege, and we look forward to revisiting the program again next summer." Over 90 individuals signed up for Project Swim thanks to community organizations like First String and DREAAM distributing information about the program to area families. Champaign Park District's Project Swim program was sponsored by Busey Bank, the DICK'S Sporting Goods "Sports Matter" Grant, Kiefer Aquatics, and the Sholem family.

Yahoo Finance
Jan 27th, 2026
First Busey beats Q4 estimates with $200M revenue, up 71% year-on-year

First Busey, a regional banking company, reported fourth-quarter revenue of $200.2 million, beating analyst estimates by 1.5% and marking 71.2% year-on-year growth. The company's non-GAAP earnings of $0.68 per share exceeded consensus estimates by 9.2%. Net interest income reached $157.6 million, slightly above the $156.3 million forecast, whilst net interest margin came in at 3.7%, matching expectations. Tangible book value per share was $20.23, surpassing estimates by 2.2%. The bank holding company, which traces its roots to 1868, provides commercial and retail banking services across Illinois, Missouri, Florida and Indiana. First Busey's revenue has grown at a 12.8% compounded annual rate over five years, with acceleration to 28.2% annualised growth over the past two years.

NFR Communications, Inc.
Aug 18th, 2025
Busey Bank opens second Denver location

Champaign, Ill.-based Busey Bank is expanding its footprint in Denver with the opening of a second branch.

GlobeNewswire
May 14th, 2025
First Busey Corporation Prices Depositary Share Offering

LEAWOOD, Kan., May 14, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank,...

Metro East Star
Mar 31st, 2025
Busey Bank Helps SIHF In Belleville Enhance Medical Services

Busey partnered with SIHF on this complex financing by providing multiple loans, including a federal NMTC leverage loan and a federal NMTC equity investment.

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