MNB BANCSHARES INC
4, 1998-04-10
NATIONAL COMMERCIAL BANKS
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[DESCRIPTION] MNB Bancshares, Inc. Form 4>

FORM 4

[ ] Check this box if no longer subject
    to Section 16. Form 4 or Form 5 
    obligations may continue.  See
    Instructions 1(b).


                   U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

   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

_______________________________________________________________________________
1. Name and Address of Reporting Person

   Alexander          Patrick              L
- -----------------------------------------------------
   (Last)            (First)            (Middle)

   2801 Brad Lane   
- -----------------------------------------------------
                     (Street)

   Manhattan               KS               66502   
- -----------------------------------------------------
   (City)               (State)         (Zip)

_______________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol

  MNB Bancshares, Inc.  MNBB

_______________________________________________________________________________
3. IRS or Social Security Number of Reporting Person (Voluntary)

   

_______________________________________________________________________________
4. Statement for Month/Year

   March, 1998

_______________________________________________________________________________
5. If Amendment, Date of Original (Month/Year)

   

_______________________________________________________________________________
6. Relationship of Reporting Person to Issuer
   (Check all applicable)

   [ ] 10% Owner
   [x] Director
   [x] Officer (give title below)(1)
   [ ] Other (specify below)

   President and Chief Executive Officer    
   --------------------------------------------------
       
   --------------------------------------------------

_______________________________________________________________________________



  Page 1

<PAGE>

FORM 4 (continued)

<TABLE>
<CAPTION>
TABLE I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- -------------------------------------------------------------------------------

          1.                2.           3.                     4.(2)                  5.(3)        6.          7.    
- ---------------------    --------    ----------   ------------------------------    -----------   ----------  ----------
                                                                                    Amount of     Owner-                
                                                                                    Securities    ship                  
                         Trans-      Trans-          Securities Acquired (A)        Beneficially  Form:                 
                         action      action          or Disposed of (D)             Owned at      Direct      Nature of 
                         Date        Code            (Instr. 3, 4 and 5)            End of        (D) or      Indirect  
Title of                 (Month/     (Instr. 8)   ----------------------------      Month         Indirect    Beneficial
Security                  Day/       ----------     Amount    (A) or    Price       (Instr.       (I)         Ownership 
(Instr. 3)                Year)      Code   V                   (D)                 3 and 4)      (Instr. 4)  (Instr. 4)
- ---------------------    --------    ----  ----   -----------  ------  ---------    -----------   ----------  ----------
<S>                      <C>         <C>   <C>    <C>           <C>    <C>          <C>           <C>         <C> 
Common Stock (4)          12/31/97    A     V       6,240         A       4.1135      8,654         D
Common Stock               3/12/98    A     V         714         A      13.3125      9,368         D
Common Stock                                                                         19,872         D
Common Stock                                                                         19,870         D
Common Stock                                                                         10,697.394802  I          ESOP

</TABLE>

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.  (Print or Type Responses)



 Page 2

<PAGE>

FORM 4 (continued)

<TABLE>
<CAPTION>
 TABLE II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
           (e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------

     1.        2.       3.         4.         5.             6.                 7.           8.          9.         10.       11.   
- ----------  --------  --------  --------  ----------    ------------      --------------   ------   ----------  --------- ----------
                                                                           Title and                            Ownership           
                                          Number of     Date Exer-         Amount of                            Form of             
                                          Derivative    cisable and        Underlying               Number of   Deriv-              
                                          Securities    Expiration         Securities      Price    Derivative  ative               
            Conver-             Trans-    Acquired (A)  Date (Month/       (Instr. 3       of       Securities  Security:           
            sion or   Trans-    action    or Disposed    Day/Year)          and 4)         Deriv-   Benefi-     Direct              
            Exercise  action    Code      of (D)        --------------    --------------   ative    cially      (D) or    Nature of 
Title of    Price of  Date      (Instr.   (Instr. 3,    Date                      Amount   Secur-   Owned at    Indirect  Indirect  
Derivative  Deriv-    (Month/    8)        4 and 5)     Exer-    Expir-           or Num-  ity      End of      (I)       Beneficial
Security    ative      Day/     --------  ----------    cis-     ation            ber of   (Instr.  Month       (Instr.   Ownership 
(Instr. 3)  Security   Year)    Code  V   (A)   (D)     able     Date     Title   Shares    5)      (Instr. 4)   4)       (Instr. 4)
- ----------  --------  --------  ---- ---  ----  ----    -------  -----    -----   ------   ------   ----------  --------  ----------
<S>         <C>       <C>       <C>  <C>  <C>   <C>     <C>      <C>      <C>     <C>      <C>      <C>         <C>       <C> 
Stock 
Option to
Purchase
Shares      4.1135    12/31/97   D    V         6,240   Immed    01/05/03 CS     6,240     31,786   D




</TABLE>

Explanation of Responses:


1.  Of Issuer's and issuer's wholly-owned subsidiary, Security National Bank.
2.  Exercise price reflects adjustments for stock dividends and stock split.
3.  Amounts reflect shares received for Company's two-for-one stock split 
    2/9/98.
4.  Exercise of options granted under MNB Bancshares, Inc. 1992 Stock Option 
    Plan.





    /s/ Patrick L. Alexander                     April 10, 1998
    ----------------------------------------     --------------------
    ** Signature of Reporting Person                    Date

** Intentional misstatements or omissions of facts constitute Federal Criminal
   Violations.  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed.
      If space provided is insufficient, see Instruction 6 for procedure.



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