LEAWOOD, Kan., May 20, 2025 - First Busey Corporation (Nasdaq: BUSE) has successfully closed its underwritten public offering of 8,600,000 depositary shares. Each depositary share represents a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock. The shares come with a liquidation preference of $1,000 per share, equivalent to $25.00 per depositary share. This offering, which included 600,000 depositary shares offered as part of the partial exercise of the underwriters' over-allotment option, resulted in proceeds of approximately $207,477,500, net of estimated expenses and underwriting discounts and commissions. The full prospectus is available on the SEC's website at https://www.sec.gov.