JACKSONVILLE BANCORP INC
8-K, 1999-03-15
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)     March 10, 1999            
                                                ----------------------------


                       JACKSONVILLE BANCORP, INC.
                       --------------------------

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



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



                                 (903) 586-9861     
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             (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 March 10, 1999
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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: 3/10/99                      By: Jerry Chancellor
- --------------------------            -----------------------------          
                                       Jerry Chancellor
                                       President
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                             Exhibit 99

                            Press Release

                                Dated

                            March 10, 1999

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                             PRESS RELEASE

                                 

Today's date:  March 10,1999            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 March 9, 1999, declared a cash dividend of $0.125 per share of common
stock of Jacksonville Bancorp, Inc. payable on April 12, 1999, to stockholders
of record at close of business on March 31, 1999.

     Jacksonville Bancorp, Inc. is the owner of Jacksonville Savings Bank, SSB, 
that conducts business through six  branches throughout East Texas in addition
to its home office operations in Jacksonville, Texas.

     As of December 31, 1998, Jacksonville Bancorp, Inc. had a consolidated
financial statement reflecting assets of $260.4 million,  liabilities and
deferred income of $224.6 million and stockholder's equity of $ 35.8 million.
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