JACKSONVILLE BANCORP INC
8-K, 1997-06-11
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) JUNE 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)





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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 June 10, 1997



                            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: 06/10/97                     By: /s/ Jerry Chancellor
                                       Jerry Chancellor
                                       President













                            Exhibit 99

                           Press Release

                               Dated

                           June 10, 1997






<PAGE>











                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           
                           PRESS RELEASE

                           June 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 June 10, 1997, declared a cash dividend of $0.125 per share 
of common stock of Jacksonville Bancorp, Inc., payable on July 11, 1997, to 
stockholders of record at close of business on June 30, 1997.

     Jacksonville Bancorp, Inc., is the owner of Jacksonville Savings and
Loan Association that conducts business through five branches in addition
to its home office operations in Jacksonville, Texas.

     As of March 31, 1997, Jacksonville Bancorp, Inc., had a consolidated
financial statement reflecting assets of $218.3 million, liabilities of
$183.9 million and stockholder's equity of $ 34.1 million .




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