JACKSONVILLE BANCORP INC
8-K, 1999-09-16
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
Previous: DIME COMMUNITY BANCSHARES INC, 3, 1999-09-16
Next: JACKSONVILLE BANCORP INC, 8-K, 1999-09-16



                    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 14, 1999
                                                   __________________


                         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)

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 14, 1999

                            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: 9/14/99                      By: /s/ Jerry Chancellor
      -------                          -------------------
                                       Jerry Chancellor
                                        President




















                              Exhibit 99

                            Press Release

                                Dated

                          September 14, 1999



























                             Press Release


Today's date: September 14, 1999                  Contact: Bill W. Taylor
Release date: Immediately                         Executive Vice
                                                  President, C.F.O.
                                                  (903) 586-9861


            JACKSONVILLE BANCORP, INC. TO REPURCHASE UP TO
                    109,000 SHARES OF COMMON STOCK

     Jacksonville, Texas, September 14, 1999 - Jacksonville Bancorp, Inc.,
(NASDAQ: JXVL) the holding company of Jacksonville Savings Bank, SSB of
Jacksonville, Texas announced today that it has commenced an open-market stock
repurchase program of up to 109,000 shares, or 5% of the Company's outstanding
shares of common stock.  Repurchases will be made by the Company from time to
time during a one year period ending September 14, 2000 as, in the opinion of
management, market conditions warrant.  The repurchased shares will be held as
treasury stock and will be available for general corporate purposes.

     The company has recently completed the repurchase of 114,748 shares of
stock as announced in a press release dated May 19, 1999.

     On June 30, 1999, the Company had $290.3 million of total consolidated
assets, $211.0 million of total deposits and $35.4 million of total
stockholders' equity.  Jacksonville Savings Bank, a Texas chartered savings
bank, is the Company's subsidiary that conducts business from its main
office located in Jacksonville, Texas, and six branch locations.




© 2019 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission