BARBARA J. HARRINGTON

EMPLOYMENT AGREEMENT

This Employment Agreement (this Agreement) is made and entered into on this 20th day of September, 2006 and will be effective as of the Effective Time (as defined in Section 2.03 of the Merger Agreement, as defined below) (the Effective Date), by and between FIRST BUSEY CORPORATION, a Nevada corporation (First Busey), and BARBARA J. HARRINGTON (Employee).

RECITALS

A. Pursuant to Section 6.14 of that certain Agreement and Plan of Merger dated September 20, 2006 between First Busey and Main Street Trust, Inc., an Illinois corporation (Main Street), (the Merger Agreement), First Busey is entering into this Agreement with the Employee.

B. Employee will serve as the Chief Financial Officer and Executive Vice President of First Busey as of the Effective Date.

C. First Busey and Employee have made commitments to each other on a variety of important issues concerning her employment, including the performance that will be expected of her, the compensation that she will be paid, how long and under what circumstances she will remain employed, and the financial details relating to any decision that either Employee or First Busey might ever make to terminate this Agreement.

D. First Busey and Employee believe that the commitments they have made to each other should be memorialized in writing, and that is the purpose of this Agreement.

THEREFORE, First Busey and Employee agree as follows:

AGREEMENTS

1. Term and Automatic Renewal. The term of this Agreement and Employees employment hereunder shall commence as of the Effective Date hereof and continue until December 31, 2007. On January 1, 2008 and each January 1 thereafter this Agreement and the term of Employees employment hereunder will automatically renew for one (1) additional year unless this Agreement and Employees employment hereunder are terminated in accordance with the provisions of Section 4.

2. Employment. First Busey and Employee each confirm that Employee will be employed as the Chief Financial Officer and Executive Vice President of First Busey as of the Effective Date in accordance with the terms of this Agreement.

(a) Positions. Subject to the terms of this Agreement, First Busey will employ Employee as the Chief Financial Officer and Executive Vice President of First Busey.

(b) Duties. Employees duties, authority and responsibilities as the Chief Financial Officer and Executive Vice President of First Busey include and will continue to include all duties, authority and responsibilities customarily held by the Chief Financial Officer and Executive Vice President of bank holding companies, subject always to the charter and bylaw provisions and the policies of First Busey and the directions of its board of directors (the Board), and where applicable, of any of its subsidiaries.

(c) Care and Loyalty. Employee will devote her best efforts and full business time, energy, skills and attention to the business and affairs of First Busey, and will faithfully and loyally discharge her duties to First Busey.

3. Compensation. First Busey will compensate Employee for her services as follows during the term of this Agreement and her employment hereunder:

(a) Base Compensation. Employee will receive an annual base salary of $145,000, subject to any increase made by First Busey as of January 1, 2007, through December 31, 2007. Prior to January 1, 2008, the Board will review Employees base salary to determine whether it should be maintained at its then existing level or increased effective as of January 1, 2008. Following the adjustment, if any, made as of January 1, 2008 the Board will review Employees base salary annually during the term of this Agreement to determine whether it should be maintained at its then existing level or increased; provided that Employees annual base salary after any such adjustment will not be lower than her base salary for the immediately preceding year.

(b) Performance Bonus. First Busey will pay Employee a performance bonus at the end of each year. Employee and the Board will establish mutually agreed upon performance criteria and will also establish the amount of the maximum bonus that Employee will receive for each year if she meets the performance criteria. Nothing in this Agreement will preclude the Board from awarding Employee an annual bonus in any year that exceeds the maximum bonus amount established for that year.

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