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Overview / Commentary
800-672-8739
100 West University Avenue
Champaign, IL 61820

Busey Bank is headquartered in Champaign and is the 7th largest bank in the state of Illinois. It is also the 194th largest bank in the nation. It was established in 1946 and as of December of 2016, it had grown to 1,182 employees at 52 locations. Busey Bank has an A+ health rating.

Reviews (1)

Customer Evaluation of Busey Bank

I have been banking with Busey bank for approximately 3 years. It is a local bank in the Champaign, IL area. They have a few branches in that area and would be considered a small local bank. I chose to bank with them because of the convenience of having a branch in my home town, and the requirements to open a checking account were less strict than other banks in the area. Also, the availability of drive-through ATMs was another factor that made me choose to bank with them.

My experience with the customer service at Busey bank exceeded all my previous experiences with other banks. The employees there are very friendly and they will eagerly solve any issues for you with a pleasant and helpful attitude. My experiences with online chat representatives has also been pleasant and satisfactory. In a situation where I needed the approval of the branch manager, I was also pleasantly surprised with his friendliness and eagerness to help.

Using the bank website is more than adequate for most standard banking activities. The website is robust and intuitive.

The only drawback of Busey bank is probably a lack of a totally free checking. To open and maintain a checking account, one needs at least a $100 deposit and must either maintain a $100 balance or have monthly recurring direct deposits to avoid a $5 monthly service charge. All-in-all, If you live in the Champaign area and don't need a totally free checking, Busey is my number one recommendation.



Health
A+

Health Grade Components

Overall
FDIC Certificate #16450
Year Established1946
Employees1182
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD11.5%
Annual Interest Income$164.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$5.38B$3.96B
LoansQ4 2016vs Q4 2015$4.09B$2.59B
DepositsQ4 2016vs Q4 2015$4.40B$3.30B
Equity CapitalQ4 2016vs Q4 2015$602.2MM$382.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$47.8MM$47.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$21.6MM$12.8MM
Real Estate OwnedQ4 2016vs Q4 2015$2.5MM$779.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Busey Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-Health Savings
OTHER TIERS: 0.03% Up to $1,500 | 0.15% $1,500 - $10k | 0.35% $10k - $25k
0.20%$50-Roth Savings
0.20%$50-CESA Savings
0.01%$100-Online Everyday Savings Account
0.01%--Everyday Savings
0.01%--Minor Savings

Busey Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Pillar Money Market
OTHER TIERS: 0.01% Up to $2,500 | 0.05% $2,500 - $15k | 0.10% $15k - $50k
0.10%*$50k*-Online Money Market Account
OTHER TIERS: 0.01% Up to $2,500 | 0.03% $2,500 - $15k | 0.05% $15k - $50k
0.10%*$50k*-Money Market
OTHER TIERS: 0.01% Up to $2,500 | 0.03% $2,500 - $15k | 0.05% $15k - $50k

Busey Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Capstone Checking
OTHER TIERS: 0.01% $10k - $100k
0.10%*$15k*-Capital Checking
OTHER TIERS: 0.01% $1k - $15k
0.01%$3k-Online Pillar Checking Account
0.01%$3k-Pillar Banking

Busey Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$1k-60 Month CD
0.50%$2,500-1 Year Portfolio CD Package
0.50%$2,500-2 Year Portfolio CD Package
0.50%$2,500-3 Year Portfolio CD Package
0.50%$1k-48 Month CD
0.40%$1k-36 Month CD
0.30%$1k-24 Month Online CD
0.30%$1k-24 Month CD
0.25%$1k-18 Month Online CD
0.25%$1k-18 Month CD
0.20%$1k-12 Month Online CD
0.20%$1k-12 Month CD
0.10%$1k-6 Month Online CD
0.10%$1k-6 Month CD

Busey Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-60 Month IRA
0.50%$500-48 Month IRA
0.40%$500-36 Month IRA
0.30%$500-24 Month IRA
0.25%$500-18 Month IRA
0.20%$500-12 Month IRA
0.20%$50-18 Month Variable IRA
0.10%$500-6 Month IRA
Locations

Busey Bank has 47 locations. Click to view all Busey Bank locations.