First Busey Corporation and its bank subsidiary, Busey Bank, entered into employment agreements effective December 5, 2019 with Robin Elliott, pursuant to which he will serve as President and Chief Executive Officer of the Bank, Amy Randolph, pursuant to which she will serve as Chief of Staff and Executive Vice President, Pillar Relations of the Company and the Bank, and John Powers, pursuant to which he will serve as Executive Vice President, General Counsel of the Company and the Bank. The Agreements have initial one-year terms beginning December 5, 2019, and automatically extend for additional one year terms on each December 5th thereafter, unless either party gives 30 days’ prior written notice that the term will not be extended. Effective December 5, 2019, the Company and the Bank entered into an amendment to the existing Employment Agreement effective August 19, 2019 among the Company, the Bank and Jeffrey Jones, Chief Financial Officer of the Company and the Bank. The Amendment makes certain technical changes to the Existing Jones Agreement in order to make such agreement consistent with the employment agreements of the other members of the executive team.