Curt Anderson, a financial advisor at Busey Bank, a small regional bank headquartered in Champaign, Ill., with 37 branches in that state, Indiana and southwest Florida, used to be a corporate president. But as many others can attest, "Being president isn't all it's cracked up to be," Anderson says.
Anderson headed up First Busey Securities Inc., a wholly owned broker-dealer subsidiary of Busey Bank, until 2007. That's when the bank decided to keep regulation and compliance costs down by shutting down the independent broker-dealer and going with a third-party firm. "I don't miss being president of a company," says Anderson. "Not being president frees me up to focus on my clients."
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