JACKSONVILLE BANCORP INC
8-K, 1998-06-16
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 11, 1998         
                                                    -------------               

                   JACKSONVILLE BANCORP, INC.
                   --------------------------                                  
                                      
        TEXAS                      0-28070             75-2632781
- ----------------------------------------------------------------------------   
(State of Incorporation)      (Commission File)         (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 11, 1998
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                           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:    06/11/98               By:  /s/ Jerry Chancellor                   
         --------                    --------------------                   
                                        Jerry Chancellor
                                        President
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                           Exhibit 99
                                
                         Press Release
                                
                             Dated
                                
                         June 11, 1998
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                         PRESS RELEASE
                                
                                
                
Today's date: June 11, 1998             Contact: Bill W. Taylor
Release date: Immediately               Exec. Vice President, C.F.O.
                                        903-586-9861



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 9, 1998 declared a cash dividend of $0.125 per share of common
stock of Jacksonville Bancorp, Inc. payable on July 10, 1998, to stockholders of
record at close of business on June 30, 1998.

     Jacksonville Bancorp, Inc. is the owner of Jacksonville Savings Bank, SSB
(formerly known as Jacksonville Savings and Loan Association), that conducts
business through six branches throughout East Texas, in addition to its home
office operations in Jacksonville, Texas.
 
     As of March 31, 1998, Jacksonville Bancorp, Inc. had a consolidated
financial statement reflecting assets of $237.1 million, liabilities and
deferred income of $202.2 million and stockholder's equity of $34.9 million.
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