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First Busey director dies


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First Busey director dies

Joseph Ambrose, a director of Champaign, Ill.-based First Busey Corp., died Jan. 4.

Ambrose had been a member of the board since 1993. He was president and CEO of Horizon Hobby LLC since July 2008, according to S&P Global Market Intelligence.

Ambrose's position will remain vacant until the completion of First Busey's acquisition of Edwardsville, Ill.-based Banc Ed Corp., in which one of the latter's directors will be appointed to First Busey's board.