FIRST BUSEY CORP (BUSE)
Sector: Financials
Sector: Financials
FIRST BUSEY CORP - Executive Compensation
Former Vice Chairman and President of First Busey Corporation; Former President and Chief Executive Officer of Busey Bank
Executive Compensation
Michael J. Maddox is a seasoned banking executive with over four decades of experience in financial services. He began his career in 1978 at the former National Bank of Decatur, rising through various leadership roles in retail banking, commercial lending, and operations. Maddox joined First Busey Corporation in 1999 as Executive Vice President and Chief Credit Officer of Busey Bank, where he played a pivotal role in strengthening the bank's risk management practices and expanding its commercial lending portfolio during a period of significant regional growth. As President and Chief Executive Officer of Busey Bank from 2007 to 2018, Maddox oversaw the bank's transformation into a top-tier community bank, achieving consistent profitability and asset growth exceeding $7 billion. He advanced to Vice Chairman and President of First Busey Corporation in 2018, guiding strategic initiatives such as digital banking enhancements, mergers, and market expansions across Illinois, Missouri, and Florida. Under his leadership, the organization earned accolades for customer service and community involvement, including multiple "Best Bank" recognitions from local business journals. Maddox's tenure at First Busey Corporation concluded in 2021, leaving a legacy of prudent growth and shareholder value creation. His expertise in regulatory compliance, team building, and community banking principles continues to influence the industry, and he remains active in civic organizations supporting economic development in the Midwest.