FIRST BUSEY CORP /NV/
SC 13G/A, 1997-02-14
STATE COMMERCIAL BANKS
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<PAGE>   1
                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                SCHEDULE 13G/A


                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                             (AMENDMENT NO. 6)

                           FIRST BUSEY CORPORATION
- -------------------------------------------------------------------------------
                            (Name of Issuer)

                             CLASS A COMMON STOCK
- -------------------------------------------------------------------------------
                       (Title of Class of Securities)

                                  319383105
                            --------------------
                               (CUSIP Number)



*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
that Act but shall be subject to all other provisions of the Act (however, see
the Notes).

                        (Continued on following pages)

                              Page 1 of 4 Pages
<PAGE>   2

CUSIP NO. 319383105           13G/A             PAGE  2 OF 4  PAGES

- -------------------------------------------------------------------------------
1  NAME OF REPORTING PERSON
   S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    Douglas C. Mills
    ###-##-####
- -------------------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
     (B)  / /
     (C) / /                                                      
- -------------------------------------------------------------------------------
3  SEC USE ONLY


- -------------------------------------------------------------------------------
4  CITIZENSHIP OR PLACE OF ORGANIZATION
          Unites States
- -------------------------------------------------------------------------------
                5  SOLE VOTING POWER

                       789,633(1)
  NUMBER OF     ---------------------------------------------------------------
   SHARES       6  SHARED VOTING POWER
BENEFICIALLY
  OWNED BY            11,529
    EACH        ---------------------------------------------------------------
  REPORTING     7  SOLE DISPOSITIVE POWER
   PERSON       
    WITH            789,633(1)
                ---------------------------------------------------------------
                8  SHARED DISPOSITIVE POWER
         
                     11,529
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     801,162
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

                     11.58%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*

                      IN
- -------------------------------------------------------------------------------
<PAGE>   3

ITEM 1(a)  NAME OF ISSUER:
               FIRST BUSEY CORPORATION

ITEM 1(b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
               P.O. BOX 123
               URBANA, IL 61801

ITEM 2(a) NAME OF PERSON FILING:
               DOUGLAS C. MILLS



ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
               2123 SEATON COURT
               CHAMPAIGN, IL 61821


ITEM 2(c  CITIZENSHIP:
               UNITED STATES

ITEM 2(d) TITLE AND CLASS OF SECURITIES:
               CLASS A COMMON STOCK

ITEM 2(e) CUSIP NUMBER:
               319383105

ITEM 3    STATEMENT FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b):
               NOT APPLICABLE

ITEM 4    OWNERSHIP:
          (a) AMOUNT BENEFICIALLY OWNED:
                801,162
          (b) PERCENT OF CLASS:
                11.58%
          (c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
                (i)   SOLE POWER TO VOTE OR TO DIRECT THE VOTE:  
                          789,633
               
                (ii)  SHARED POWER TO VOTE OR TO DIRECT THE VOTE:
                          11,529

                (iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 
                      OF: 
                          789,633
                  
                (iv)  SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION 
                      OF:
                          11,529


                                                           PAGE 3 OF 4 PAGES


<PAGE>   4



ITEM 5   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
             NOT APPLICABLE

ITEM 6   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
             NOT APPLICABLE

ITEM 7   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
         SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
             NOT APPLICABLE

ITEM 8   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
             NOT APPLICABLE

ITEM 9   NOTICE OF DISSOLUTION OF A GROUP:
             NOT APPLICABLE

ITEM 10  CERTIFICATION:
             NOT APPLICABLE




     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


2/13/97                                            /s/ Douglas C. Mills
- --------------------------                         ----------------------------
Date                                               Signature




FOOTNOTE:

(1)  Does not include 562,500 shares of Class B Common Stock and 14,500 shares
of Class A Common Stock which are owned by Linda M. Mills, the wife of Mr.
Mills, in which he disclaims any beneficial interest.  Linda M. Mills files
separate Section 13 and Section 16 reports reflecting the ownership of these
securities.







                                                           PAGE 4 OF 4 PAGES













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