JACKSONVILLE BANCORP INC
8-K, 1997-09-11
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
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                SECURITIES AND EXCHANGE COMMISSION


                      WASHINGTON, D.C.  20549

                             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) SEPTEMBER 10, 1997


                    JACKSONVILLE BANCORP, INC.



TEXAS                  0  - 28070                               75-2632781    
(State of
Incorporation)        (Commission File No.)                    (IRS No)

COMMERCE  AND  NECHES  STREET               JACKSONVILLE,  TEXAS     75766   
(Address  of  Principal  Executive  Offices)                     (Zip Code)

                     (903) 586-9861
          (Registrant's Telephone Number, Including Area Code)

                      NOT APPLICABLE
          (Former Name or Former Address, If Changed Since Last Report)


<PAGE>


Item 5. OTHER EVENTS

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

        (a)  Not applicable

        (b)  Not applicable
        
        (c)  Exhibits:

               (99) Press Release, dated September 10, 1997


<PAGE>


                            SIGNATURES

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

                                   JACKSONVILLE BANCORP, INC.



Date:    09/10/97                  By: /s/ JERRY CHANCELLOR
                                       Jerry Chancellor
                                       President


<PAGE>


                            Exhibit 99

                           Press Release

                               Dated

                        September 10, 1997



















                           PRESS RELEASE

                        September 10, 1997

CONTACT - BILL W. TAYLOR, EXEC. VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

FOR RELEASE - IMMEDIATELY

JACKSONVILLE BANCORP, INC. ANNOUNCES DECLARATION OF CASH DIVIDEND
(NASDAQ SYMBOL - JXVL)

     Jacksonville  Bancorp, Inc. announced that its Board of Directors,  at
their meeting on September  9, 1997, declared a cash dividend of $0.125 per
share of common stock of Jacksonville  Bancorp, Inc. payable on October 13,
1997, to stockholders of record at close of business on September 30, 1997.

     Jacksonville Bancorp, Inc. is the owner  of Jacksonville Savings Bank,
SSB (formerly known as Jacksonville Savings and  Loan  Association),   that
conducts  business  through  five  branches  in addition to its home office
operations in Jacksonville, Texas.

     As of August 31, 1997, Jacksonville Bancorp,  Inc.  had a consolidated
financial  statement reflecting assets of $230.3 million,   liabilities  of
$196.6 million  and stockholder's equity of $ 33.7 million .




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