First Busey (BUSE) in Champaign, Ill., has named its next chief financial officer.

Robin Elliott will become CFO on Jan.1, the $3.5 billion-asset company said Tuesday. He will succeed David White, who will retire in early July after a transition period. Susan Miller, the company's director of finance, will become deputy CFO when Elliot is promoted.

Elliott, 37, will retain his current post as director of the business banking group at Busey Bank. He joined the company in 2006 as director of finance and treasury. Previously, he worked for accounting firms, including Ernst & Young, First Busey said.

Elliott "has risen within the ranks of the Busey organization and proven himself an excellent leader," Chief Executive Van Dukeman said in a press release. "He has played instrumental roles in executing various strategic initiatives across the organization, most recently leading the successful growth effort to significantly expand our small business loan portfolio."

White, 61, has been First Busey's CFO since 2010. White, who once was the company's chief operating officer, had been CFO of Main Street Trust, which First Busey bought in 2007.

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