CITRUS FINANCIAL SERVICES INC
424B3, 1999-08-03
NATIONAL COMMERCIAL BANKS
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                                                Filed Pursuant to Rule 424(b)(3)
                                                      Registration No. 333-67613


                     (Holding Company for Citrus Bank, N.A.)

                         CITRUS FINANCIAL SERVICES, INC.

                                Supplement No. 1
                         To Prospectus Dated May 3, 1999

     This  Supplement  dated August 2, 1999, is intended to amend the prospectus
dated May 3, 1999, through which Citrus Financial Services, Inc. is offering for
sale a minimum of  1,000,000  shares of common  stock and a maximum of 1,200,000
shares of common  stock at a price of  $10.75  per  share.  This  supplement  is
intended to read in conjunction  with and supersede the prospectus to the extent
that any information in this supplement  conflicts with information  provided in
the prospectus.

     This  supplement  serves to redefine the term  "Duration  of the  Offering"
found on page 3. The board of directors of Citrus Financial  Services,  Inc. has
extended the offering  period for an additional  90 days.  The offering will now
expire on October 30, 1999.

                              TERMS OF THE OFFERING

     We have extended the offering  period by 90 days. The offering  period will
now expire on October  30,  1999,  unless we extend the  offering  period for an
additional 90 days.  Unless the minimum  capital of $10,750,000 is raised by the
expiration  of  the  offering  period,  the  offering  will  be  terminated  and
subscription funds, including income earned thereupon,  will be returned to each
subscriber pro rata.












     This Supplement No. 1 to Citrus Financial  Services,  Inc. prospectus dated
May 3, 1999, contains material information about Citrus Financial Services, Inc.
common stock offering. Please read this supplement carefully.



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