First Busey (BUSE) 10-Q 2010 Q1 Quarterly report

Exhibit 10.3

Ms. Barbara J. Harrington

c/o First Busey Corporation

100 West University

Champaign, Illinois  61824-4028

Dear Barb:

As you are aware, First Busey Corporation has implemented several changes in the executive management of the company.  As part of this management restructuring, on or about March 31, 2010, your position will change from Executive Vice President, Chief Financial Officer to Executive Vice President, Chief Risk Officer of First Busey Corporation and Busey Bank.

In this new position you will continue to report to the President and Chief Executive Officer of First Busey.  Your compensation and benefits will remain unchanged at this time, but may change when all management compensation is reviewed after the end of the first quarter of this year.  As Chief Risk Officer, you will have oversight responsibilities for Internal Audit, Compliance, Loan Review, Regulatory Compliance and other responsibilities assigned by the Chief Executive Officer or the board of directors.

Please confirm your acquiescence and agreement to the changes noted above as though such changes were reflected in your employment agreement with First Busey by signing below and returning a copy of this letter to Dave White.  This letter will act as an addendum to your employment agreement.

Thank you for your continued efforts.

Very truly yours,

Van A. Dukeman

President and CEO

First Busey Corporation

I understand and agree to the foregoing changes to my job title and related job duties and responsibilities.

/s/ Barbara J. Harrington

Barbara J. Harrington