# EDGAR Filing Document

**Accession Number:** 0001427202
**File Stem:** 0001427202-26-000003
**Filing Date:** 2026-2
**Character Count:** 11574
**Document Hash:** 143bb07d014d6fdc8738ae0e7850a4e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001427202-26-000003.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001427202-26-000003

**CONFORMED SUBMISSION TYPE**: MA/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260205

**DATE AS OF CHANGE**: 20260304

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Busey Bank
- **CENTRAL INDEX KEY:** 0001427202

**ORGANIZATION NAME:**
- **EIN:** 370613731
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-02188
- **FILM NUMBER:** 26718749

**BUSINESS ADDRESS:**
- **STREET 1:** 201 W MAIN ST
- **CITY:** URBANA
- **STATE:** IL
- **ZIP:** 61801
- **BUSINESS PHONE:** 314-317-5026

**MAIL ADDRESS:**
- **STREET 1:** 201 W MAIN ST
- **CITY:** URBANA
- **STATE:** IL
- **ZIP:** 61801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Busey Trust CO
- **DATE OF NAME CHANGE:** 20231016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Busey Bank CO
- **DATE OF NAME CHANGE:** 20231016

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Busey Bank
- **DATE OF NAME CHANGE:** 20231011

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001427202

**Filer CCC:** XXXXXXXX

**Contact Name:** Zachary Hillard

**Contact Phone:** 217-351-6639

**Contact Email:** zachary.hillard@busey.com

**Notification Emails:** edgar@halyardcompliance.com, Dustin.Meyers@busey.com, Zachary.Hillard@busey.com

### Type of Filing

**Selected Filing Type:** Amendment

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Busey Bank

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 37-0613731

**D. Registrations:**

- **Municipal Advisor:** SEC File No: 867-02188

- **Other:** Description: FDIC, ID: 16450

**E. Principal Office and Place of Business:** 100 WEST UNIVERSITY AVE., CHAMPAIGN, IL, 61820

**Telephone Number:** 217-365-4800

**Additional Offices of Employment:**

- **Office #1 (Add):** 330 W. Vandalia Street, No. 6, Edwardsville, IL, 62025 | Phone: 618-659-4444

- **Office #2 (Add):** 2101 N. Veterans Parkway, Bloomington, IL, 61704 | Phone: 309-661-8700

- **Office #3 (Add):** 130 N. Water Street, Decatur, IL, 62523 | Phone: 217-424-1111

- **Office #4 (Add):** 2801 Black Road, Joliet, IL, 60435 | Phone: 815-725-0123

- **Office #5 (Add):** 201 W. Main Street, Urbana, IL, 61801 | Phone: 217-365-4500

**Mailing Address is Different from Principal Office:** Yes

**Mailing Address:** 190 Carondelet Plaza, Suite 100, Clayton, MO, 63105

**F. Website:** www.busey.com

**G. Chief Compliance Officer (CCO):**

**Name:** Zachary E Hillard

**Titles:** Vice President

**Address:** 190 Carondelet Plaza, Suite 100, Clayton, MO, 63105

**Phone Number:** 314-317-5026

**Email:** Zachary.Hillard@busey.com

**H. Business Affiliates:**

- **Name:** First Busey Corporation

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

- **Name:** FirsTech

  - **Issuing Agency:** Illinois Secretary of State

  - **Jurisdiction:** IL

- **Name:** Busey Capital Management, Inc.

  - **Issuing Agency:** SEC

  - **Jurisdiction:** 

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** IL

**D. Date of Organization:** 10-24-1946

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 25

**B. Municipal Advisory Activities - Employees:** 3

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 0

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 42

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Other
, Other

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments

### Item 5: Other Business Activities

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Investment Adviser, Banking/Thrift institution, Banking/Thrift institution, Banking/Thrift institution, Investment Adviser

**Total Associated Persons:** 3

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** Yes

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** Yes

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** Yes

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** —

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** No

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** No

- **SEC/CFTC Imposed Civil Penalty?:** No

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** No

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** No

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** No

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** No

### Schedule A: Direct Owners and Executive Officers

| Name                  | Title/Status                                            | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Busey Bank            | sole shareholder                                        | 10-24-1946      | E - 75% or more   | Yes               |  |  |
| Robert James Ballsrud | EVP, Executive Managing Director                        | 01-01-2008      | NA - less than 5% | Yes               |  | 5777067      |
| Zachary E Hillard     | EVP, Chief Investment Officer, Chief Compliance Officer | 08-05-2016      | NA - less than 5% | Yes               |  | 000000000    |
| Michael J Maddox      | President & CEO                                         | 03-01-2025      | NA - less than 5% | Yes               |  | 000000000    |

### Schedule B: Indirect Owners

| Owning Entity   | Name              | Title/Status   | Date Acquired   | Ownership Code   | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Busey Bank      | First Busey Corp. | Shareholder    | 10-24-1946      | E - 75% or more  | Yes               |  |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity   | Name                  | Title/Status                                            | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Busey Bank            | sole shareholder                                        | 10-24-1946      | E - 75% or more   | Yes               |  |  |
|  | Indirect    | Busey Bank      | First Busey Corp.     | Shareholder                                             | 10-24-1946      | E - 75% or more   | Yes               |  |  |
|  | Direct      |  | Robert James Ballsrud | EVP, Executive Managing Director                        | 01-01-2008      | NA - less than 5% | Yes               |  | 5777067      |
|  | Direct      |  | Zachary E Hillard     | EVP, Chief Investment Officer, Chief Compliance Officer | 08-05-2016      | NA - less than 5% | Yes               |  | 000000000    |
| Delete | Direct      |  | Michael J Maddox      | President & CEO                                         | 03-01-2025      | NA - less than 5% | Yes               |  | 000000000    |
| NewAdd | Direct      |  | Van A Dukeman         | Chairman, President & CEO                               | 01-27-2026      | NA - less than 5% | Yes               |  | 000000000    |

### Execution Page

**Signature:** Zachary Hillard

**Signer Name:** Zachary Hillard

**Title:** Principal

**Date:** 02-03-2024