---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-124338"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:33:43.290521+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Busey completes balance sheet repositioning: $5.5M Visa gain, $110M securities sale, $4.3M annual NII boost

## Summary
- Sold all 16,878 Visa Class B shares for pre-tax gain of ~$5.5 million.
- Sold AFS securities with carrying value ~$110M yielding 1.56%, resulting in pre-tax loss of ~$5.3M.
- Proceeds deposited into Fed account yielding 5.40%, boosting net interest spread.
- Expected to increase net interest income by ~$4.3M annualized and improve NIM run rate by 4 bps.
- Transactions immediately accretive to equity, book value, and regulatory capital ratios.

## SEC filing metadata
- accession: 0001104659-23-124338
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000110465923124338/0001104659-23-124338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000110465923124338/tm2331239d7_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-124338
- JSON: https://secwatch.observer/filing/0001104659-23-124338.json
- Plain text: https://secwatch.observer/filing/0001104659-23-124338.txt

## Key facts
- Governance Changes
  FIRST BUSEY CORP /NV/: Second Amended and Restated Bylaws adopted, including provisions on electronic stockholder meetings, special meeting scheduling, chairperson role, advance notice for stockholder proposals and director nominations, committee authority limitations, director compensation form, and board action by unani (effective 2023-12-06).
  - Change: bylaw amendment
  - Effective: 2023-12-06
  source text: On December 6, 2023, the Board of Directors (the “ Board ”) of First Busey Corporation (the “ Company ” or “ Busey ”) voted to amend and restate the Company’s current bylaws as its Second Amended and Restated Bylaws (the “ Amended and Restated Bylaws ”). The Amended and Restated Bylaws were effective as of December 6, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000110465923124338/0001104659-23-124338-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.