Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  SHROYER CHRISTOPHER M
 2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2010		 3. Issuer Name and Ticker or Trading Symbol
FIRST BUSEY CORP /NV/ [BUSE]
(Last)
(First)
(Middle)
100 WEST UNIVERSITY AVENUE		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO Busey Bank
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHAMPAIGN, IL 61820		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 424
D
 
Common Stock 202
I
ESOP
Common Stock 6,699
I
Profit Sharing/401(k)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock 03/21/2001 03/20/2011 Stock Option 4,883 $ 11.29 D  
Common Stock 03/20/2002 03/19/2012 Stock Option 4,650 $ 12 D  
Common Stock 03/19/2003 03/18/2013 Stock Option 4,650 $ 16 D  
Common Stock 02/18/2004 02/17/2014 Stock Option 6,200 $ 19.74 D  
Common Stock 02/16/2005 02/15/2015 Stock Option 6,200 $ 19.09 D  
Common Stock 02/22/2006 02/21/2016 Stock Option 6,200 $ 19.41 D  
Common Stock 04/16/2003 04/15/2013 Stock Option 1,550 $ 16.03 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SHROYER CHRISTOPHER M
100 WEST UNIVERSITY AVENUE
CHAMPAIGN, IL 61820		       President & CEO Busey Bank  

Signatures

/s/ Christopher M. Shroyer 03/08/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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