<PAGE>
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) May 19, 1999
-----------------------------
JACKSONVILLE BANCORP, INC.
--------------------------
TEXAS 0-28070 75-2632781
- -----------------------------------------------------------------------------
(State ofIncorporation) (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 May 19, 1999
<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: 5/19/99 By: /s/Jerry Chancellor
------------------------
Jerry Chancellor
President
<PAGE>
<PAGE>
Exhibit 99
Press Release
Dated
May 19, 1999
<PAGE>
Press Release
Today's date: May 19, 1999 Contact: Bill W. Taylor
Release date: Immediately Executive Vice President, C.F.O.
(903) 586-9861
JACKSONVILLE BANCORP, INC. TO REPURCHASE UP TO
114,748 SHARES OF COMMON STOCK
Jacksonville, Texas, May 19, 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 114,748 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 May 19, 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.
On March 31, 1999, the Company had $263 million of total consolidated
assets, $208 million of total deposits and $35.9 million of total stockholders'
equity. Jacksonville Savings Bank, a Texas chartered savings bank, is a
subsidiary of the Company's, that conducts business from its main office
located in Jacksonville, Texas, and six branch locations.
<PAGE>
