JACKSONVILLE BANCORP INC
8-K, 2000-03-17
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 15, 2000
                                                ------------------------------

                        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)











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 15, 2000
























                                 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:   03/15/00                   By:    /s/ Jerry Chancellor
     -----------------------          ----------------------------------------
                                          Jerry Chancellor
                                          President















































                                 Exhibit 99

                               Press Release

                                   Dated

                              March 15, 2000
























                                PRESS RELEASE



Today's date: March 15, 2000            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 14, 2000, declared a cash dividend of $0.125 per share of
common stock of Jacksonville Bancorp, Inc. payable on April 14, 2000, to
stockholders of record at close of business on March 31, 2000.

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

    As of December 31, 1999, Jacksonville Bancorp, Inc. had a consolidated
financial statement reflecting assets of $292.4 million, liabilities and
deferred income of $258.7 million and stockholder's equity of $33.7 million.




























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