---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-051061"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:40:08.859546+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# First Busey closes public offering of 8.6M depositary shares for 8.25% Series B Preferred, netting $207.5M

## Summary
- Issued 8,600,000 depositary shares, each representing 1/40th interest in a share of 8.25% Series B Non-Cumulative Perpetual Preferred Stock (liquidation preference $1,000 per share).
- Net proceeds of approximately $207.5 million after underwriting discounts and estimated expenses.
- Joint bookrunning managers: Piper Sandler, Morgan Stanley, Keefe Bruyette & Woods; co-manager: Janney Montgomery Scott.
- Company also notes anticipated merger of CrossFirst Bank into Busey Bank on June 20, 2025.

## SEC filing metadata
- accession: 0001104659-25-051061
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000110465925051061/0001104659-25-051061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000110465925051061/tm2514597d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-051061
- JSON: https://secwatch.observer/filing/0001104659-25-051061.json
- Plain text: https://secwatch.observer/filing/0001104659-25-051061.txt

## Key facts
- Governance Changes
  FIRST BUSEY CORP /NV/: Filed Certificate of Designation for Series B Preferred Stock, establishing the terms of a new series of preferred stock (effective 2025-05-19).
  - Change: charter amendment
  - Effective: 2025-05-19
  source text: In connection with the issuance of the Series B Preferred Stock and the offer and sale of the Depositary Shares, on May 19, 2025, Busey filed the Certificate of Designation with the Secretary of State of the State of Nevada, establishing the authorized number of shares of Series B Preferred Stock as 230,000 and providing for the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions related to the Series B Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000110465925051061/0001104659-25-051061-index.htm

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