First Busey Corporation (NASDAQ: BUSE) (“the company”), headquartered in Champaign, IL, is a $11.9 billion-asset financial holding company of Busey Bank (“the bank”), with origins dating back 150+ years. BUSE operates a diversified, commercially oriented banking franchise across a four-state footprint of IL, MO, IN, and FL, largely in small to mid-tiered Midwestern MSAs and markets traditionally anchored in higher education and healthcare, although with increasing presence and asset levels in Greater Chicago and in St. Louis.
Lending activities are complemented by scalable wealth management (>$12 billion in AUM) and payment technology solutions businesses, the latter operating under the FirsTech brand. Within FirsTech’s verticals, management is projecting transformative revenue growth over time through expanding E-commerce and traditional payment rail networks beyond existing customer channels, and targeting clients in regulated, legacy,…
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