First Busey Bank is a financial institution headquartered in Champaign, Illinois that operates in Illinois, Indiana, and southwest Florida. It is owned by First Busey Holding, a financial holding company.
The bank provides a range of banking services, including real estate loans and retail banking services. The bank also provides automated banking and fund transfer capabilities.[2]
History
Foundation and early years
In 1868, Samuel Busey and two co-founders established the Busey Brothers and Company Bank in Urbana, Illinois. On its first day, the bank collected $9,555.60 in deposits. In 1913, the bank obtained its state charter and became known as Busey State Bank.
In 1922, the Shelby Loan & Trust Company in Shelbyville, Illinois was granted trust powers, while the Pulaski Building and Loan Association was established in St. Louis to assist the community with savings and home purchases. Additionally, Farm Management Services was created in 1926. In 1935, Busey State Bank joined the Federal Deposit Insurance Corporation (FDIC).