EUFAULA BANCORP INC
8-K, 2000-01-21
STATE COMMERCIAL BANKS
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<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)    December 22, 1999
                                                         -----------------

                            Eufaula BancCorp, Inc.
                            ----------------------
            (Exact name of registrant as specified in its charter)


            Delaware              33-23062             63-0989868
        ---------------         ------------       -----------------
        (State or other         (Commission         (I.R.S. Employer
        jurisdiction of         File Number)       Identification No.)
        incorporation)


             218-220 Broad Street, Eufaula, Alabama      36027
             ----------------------------------------------------
             (Address of principal executive offices)  (Zip Code)


      Registrant's telephone number, including area code    334/687-3581
                                                            ------------


- --------------------------------------------------------------------------------
        (Former name or former address, if changed since last report.)
<PAGE>

Item 5.  Other Events

     The Company has added two persons to its board of directors by resolution
of the board.  Each of those persons, James R. Balkcom, Jr. and Burt H. Rowe,
Jr., will serve until the annual meeting of shareholders in 2001.  Directors are
elected for three year terms, in classes of three.  With the addition of these
persons, the Company has nine directors with three persons in each class.

     Information regarding Mr. Balkcom and Mr. Rowe is contained in press
releases included as an exhibit to this Form 8-K.
<PAGE>

Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       Eufaula BancCorp, Inc.
                                       ----------------------
                                       (Registrant)


January 21, 2000                       /s/ John Burns
- ----------------                       --------------
Date                                   (Signature) *
                                       John Burns
                                       Chief Financial Officer


*Print name and title of signing
officer under his signature.

<PAGE>

EUFAULA BANCCORP, INC.
224 East Broad Street
Eufaula, AL  36027
334-687-3581


PRESS RELEASE
FOR IMMEDIATE RELEASE


December 23, 1999

     EUFAULA, AL. - Robert M. Dixon, Chairman of the Board of Eufaula BancCorp
Inc., announced the election of James R. Balkcom, Jr. to the Eufaula BancCorp
Board.  In addition, Mr. Balkcom was elected Chairman of the Board of Directors,
replacing Mr. Dixon who retired as Chairman but will remain as a director of the
company.

     Mr. Balkcom currently serves as Chairman, President and CEO of PAMECO
Corporation a $600 million distributor of HVAC equipment with 350 locations in
the US, Guam and Hawaii.  He is also Chairman of the Board of American
Remanufacturers Inc., with locations in California, Ohio, Mississippi and
Tennessee and was previous owner, Chairman and CEO of Techsonic Industries, Inc.
in Eufaula, AL.  Mr. Balkcom is a native of Atlanta, GA, he attended Georgia
Institute of Technology before enrolling in the United States Military Academy
and graduating in 1967 as a Cadet Captain.  He received his MBA from the Harvard
Business School Majoring in finance and is married to the former Linda Purcell
of Atlanta, GA.

     Mr. Dixon in announcing Mr. Balkcom's election said "We are extremely
fortunate to have someone with Jim's experience and expertise and we look
forward to his guidance in the future."

     Eufaula BancCorp operates two banks, Southern Bank of Commerce
headquartered in Eufaula, Alabama, with additional locations in Huntsville,
Madison and Montgomery, Alabama, and First American Bank of Walton County,
headquartered in Santa Rosa Beach, Florida, with locations in Grayton Beach,
Freeport and Panama City, Florida.

     The common stock of the company is traded on the NASDAQ Small Cap Market
under the symbol "EUFA".



     CONTACT:  Eufaula BancCorp, Inc.
     Greg Faison, CEO  334-687-3581
<PAGE>

EUFAULA BANCCORP, INC.
224 East Broad Street
Eufaula, AL  36027
334-687-3581


PRESS RELEASE
FOR IMMEDIATE RELEASE


January 20, 2000


     EUFAULA, AL. - James R. Balkcom, Jr., Chairman of the Board of Eufaula
BancCorp Inc., announced the election of Burt H. Rowe, Jr. to the Eufaula
BancCorp Board.  "We are very pleased to have Burt on the Board and feel that
his experience will enhance the performance of our Board tremendously."

     Mr. Rowe currently serves as Chairman and President of First Eldorado
Bancshares of Eldorado, Illinois. Previously, Mr. Rowe was President and
Chairman of Farmers Mutual Insurance Company, Sikeston Missouri, was Chairman of
the Board of Tri-County Bank, Morehouse, Missouri, and owned and managed
agricultural interest in Southeast Missouri and Southern Illinois. He attended
the University of Missouri - Columbia and is a graduate of the National
Association of Mutual Insurance Companies "Graduate School of Insurance Company
Management." He has four children and currently resides in Destin, Florida.

     Eufaula BancCorp operates two banks, Southern Bank of Commerce
headquartered in Eufaula, Alabama, with additional locations in Huntsville,
Madison and Montgomery, Alabama, and First American Bank of Walton County,
headquartered in Santa Rosa Beach, Florida, with locations in Grayton Beach,
Freeport and Panama City, Florida.

     The common stock of the company is traded on the NASDAQ Small Cap Market
under the symbol "EUFA".



     CONTACT:  Eufaula BancCorp, Inc.
     Greg Faison, CEO  334-687-3581


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