SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20579

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                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15 (d) of the
                         Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported) - October 20, 2003

                             FIRST BUSEY CORPORATION
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             (Exact name of registrant as specified in its charter)

     Nevada                          0-15959                     37-1078406
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(State of other                    (Commission                  (IRS Employer
jurisdiction of                    File Number)              Identification No.)
incorporation)

 201 West Main Street, Urbana, Illinois                            61801
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(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code: (217) 365-4513



ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

99.1  Press Release, dated October 20, 2003

ITEM 12. DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

      On Monday, October 20, 2003, the Registrant issued a press release
disclosing financial results for the quarter ended September 30, 2003. The press
release is made part of this Form and is attached as Exhibit 99.1.

      The press release made a part of this Form includes forward looking
statements that are intended to be covered by the safe-harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward looking
statements include but are not limited to comments with respect to the
objectives and strategies, financial condition, results of operations and
business of the Registrant.

      These forward looking statements involve numerous assumptions, inherent
risks and uncertainties, both general and specific, and the risk that
predictions and other forward looking statements will not be achieved. The
Registrant cautions you not to place undue reliance on these forward looking
statements as a number of important factors could cause actual future results to
differ materially from the plans, objectives, expectations, estimates and
intentions expressed in such forward looking statements.


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                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                             FIRST BUSEY CORPORATION


Date: October 20, 2003                       By: //Barbara J. Harrington//
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                                                 Name:  Barbara J. Harrington
                                                 Title:  Chief Financial Officer

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                                  EXHIBIT INDEX

99.1        Press Release, dated October 20, 2003.


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