-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 V/GdsyRbR2a/1D06K+oJfm/gDQ3ZR66y1N67SAKhKhkCvdH8/59VhjO506++IIOX
 O9N/RDCuYW8oSOWkru6g8w==

<SEC-DOCUMENT>0001209191-03-014064.txt : 20030728
<SEC-HEADER>0001209191-03-014064.hdr.sgml : 20030728
<ACCEPTANCE-DATETIME>20030728181843
ACCESSION NUMBER:		0001209191-03-014064
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030604
FILED AS OF DATE:		20030728

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST BUSEY CORP /NV/
		CENTRAL INDEX KEY:			0000314489
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				371078406
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		201 W MAIN STREET
		CITY:			URBANA
		STATE:			IL
		ZIP:			61801
		BUSINESS PHONE:		2173844513

	MAIL ADDRESS:	
		STREET 1:		201 W MAIN STREET
		STREET 2:		PO BOX 123
		CITY:			URBANA
		STATE:			IL
		ZIP:			61801

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KNOX E PHILLIPS
		CENTRAL INDEX KEY:			0001187973

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15950
		FILM NUMBER:		03806880

	MAIL ADDRESS:	
		STREET 1:		201 W MAIN ST
		CITY:			URBANA
		STATE:			IL
		ZIP:			61801
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>boc78569_01epk.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-06-04</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000314489</issuerCik><issuerName>FIRST BUSEY CORP /NV/</issuerName>        <issuerTradingSymbol>BUSE</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001187973</rptOwnerCik><rptOwnerName>KNOX E PHILLIPS</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1></rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>URBANA</rptOwnerCity><rptOwnerState>IL</rptOwnerState><rptOwnerZipCode>61801</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common<
/value></securityTitle><transactionDate><value>2003-06-04</value></transactionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>750</value></transactionShares><transactionPricePerShare><value>25.66</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>184270</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>E. Phillips Knox Trust</value><footnoteId id="F1" /></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common</value></securityTitle><transactionDate><value>2003-07-24</value></transactionDate><transactionCoding>
<transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>200</value></transactionShares><transactionPricePerShare><value>26.00</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>184070</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>E. Phillips Knox Trust</value><footnoteId id="F2" /></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common</value></securityTitle><transactionDate><value>2003-07-28</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0<
/equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>800</value></transactionShares><transactionPricePerShare><value>25.70</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>183270</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>E. Phillips Knox Trust</value><footnoteId id="F3" /></natureOfOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><footnotes><footnote id="F1">E. Phillips Knox is trustee of the E. Phillips Knox Trust</footnote><footnote id="F2">E. Phillips Knox is trustee of the E. Phillips Knox Trust</footnote><footnote id="F3">E. Phillips Knox is trustee of the E. Phillips Knox Trust</footnote></footnotes><ownerSignature><signatureName>Nicole M. Warren - Power of 
Attorney</signatureName><signatureDate>2003-07-28</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----