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First Busey to cut Pulaski workforce by 5%

Champaign, Ill.-based First Busey Corp. expects to cut 's workforce by5%, the St. Louis Business Journalreported.

First Busey, which acquired Pulaski Financial on April 30, expects some ofthe job cuts through retirements and attrition.

Furthermore, Tom Reeves, president of Pulaski, will joinBusey Bank as St. Louis market chairman, and Brian Bjorkman, president ofPulaski's commercial lending, will become market president.

Gary Douglass, CEO of Pulaski, will retire and StanBradshaw, chairman of Pulaski, will join the board.

In addition, Steve Greiff, head of Pulaski's mortgageoperation, will head the bank's mortgage lending operation. Busey Bank ismoving its mortgage lending operation to St. Louis from Champaign, the newsoutlet added.