Two area banks recognized as among best performers

CHAMPAIGN — Two area banks were named best-performing community banks by S&P Global Market Intelligence.

In a ranking of about 540 eligible banks with $1 billion to $10 billion in assets, First Mid-Illinois Bank & Trust in Mattoon was ranked No. 55 and Busey Bank in Champaign was ranked No. 80.

John Roska: Bank accounts insured up to $250,000

Q: How much are my bank accounts insured for? I remember the limit was raised several years ago, but I thought was just temporary.

Busey vice chairman: County's financial forecast still strong

CHAMPAIGN — Despite the lack of a state budget, the local economy remains solid, and the University of Illinois continues to shape its future in its 150th year.

That's the word from Busey Bank Vice Chairman Ed Scharlau, who'll present his annual state-of-Champaign County financial report to a packed house this morning at the I Hotel and Conference Center.

First Busey named among best places to work in Illinois

CHAMPAIGN — For the second consecutive year, First Busey Corp. was named one of the best places to work in Illinois.

The Best Places to Work in Illinois partnership selects companies each year based 25 percent on their polices, practices and demographics and 75 percent on an employee survey.

Busey is one of 21 large employers with more than 500 U.S. employees to be recognized.

First Busey's revenue up 32% in first quarter

CHAMPAIGN — First Busey Corp. saw significant gains in the past quarter, bolstered by the purchase of Pulaski Bank in St. Louis.

Busey reported first quarter net income of $15.2 million, up 32 percent from last quarter and up 46 percent compared to the first quarter of 2016, when it reported net income of $10.4 million.

Former Vermilion beer distribution hub up on auction block

TILTON — More than three years after Earl Gaudio & Son Inc. filed bankruptcy, its state-of-the-art Anheuser-Busch distribution facility is now up for auction.

Just Askin': First Busey Corp.'s incorporation location

Why is First Busey Corporation incorporated in Nevada?

While First Busey Corporation is headquartered in Champaign, it has been incorporated since 1993 in Carson City, Nev.

Busey relocating 50 workers to downtown Urbana branch

URBANA — Busey is spending $3 million to renovate its downtown Urbana location, making room for 50 employees it plans to relocate there.

Busey began renovations in March and hopes to complete them in August.

Family checkbook: It's almost time for Money Smart Week


First Busey acquiring Peoria-area bank

CHAMPAIGN — Busey is buying yet another bank, this time in Peoria.

First Busey Corp., the holding company for Busey Bank, plans to buy Mid Illinois Bancorp Inc., the holding company for South Side Trust & Savings Bank of Peoria, for a mix of cash and stock valued at about $133.4 million.