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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of
1934, Section 17(a) of the Public Utility Holding Company Act of
1935 or Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4
or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Lula Sue Silliman
237 Jackson Street
Camden, Arkansas 71701-0878
2. Issuer Name and Ticker or Trading Symbol
HCB Bancshares, Inc.; HCBB
3. IRS or Social Security Number of Reporting Person
(Voluntary)
Omitted
4. Statement for Month/Year
04/97
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship(s) of Reporting Person(s) to Issuer
[ X ] Director
[ ] 10% Owner
[ ] Officer (give title below)
[ ] Other (specify below)
7. Individual or Joint/Group Reporting:
[ x ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
1. Title of Security
Common Stock, par value $0.01 per share
2. Transaction Date
4/30/97
3. Transaction Code
P
4. Securities Acquired (A) or Disposed of (D)
Amount (A) or (D) Price
------ ---------- -----
a. 2,200 shares A $22,000
b. 4,000 shares A $40,000
c. 3,800 shares A $38,000
5. Amount of Securities Beneficially Owned at End of Month
10,000 shares
6. Ownership Form: Direct (D) or Indirect (I)
a. D
b. I
c. I
7. Nature of Indirect Beneficial Ownership
b. by IRA Trust
c. by Retirement Plan Trust
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TABLE II -- Derivative Securities Acquired, Disposed of,
or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
N/A
2. Conversion of Exercise Price of Derivative Security
N/A
3. Transaction Date
N/A
4. Transaction Code
Code V
---- ---
N/A N/A
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(A) (D)
--- ---
N/A N/A
6. Date Exercisable and Expiration Date
Date Exercisable Expiration Date
---------------- ---------------
N/A N/A
7. Title and Amount of Underlying Securities
Amount or
Number
Title of Shares
----- ----------
N/A N/A
8. Price of Derivative Security
N/A
9. Number of Derivative Securities Beneficially Owned at End of
Month
0
10. Ownership of Derivative Security: Direct (D) or Indirect (I)
N/A
11. Nature of Indirect Beneficial Ownership
N/A
EXPLANATION OF RESPONSES:
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/s/ Lula Sue Silliman April 30, 1997
___________________________________ ___________________
Signature of Reporting Person Date
