MBLA FINANCIAL CORP
8-K, 1999-06-25
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):  JUNE 24, 1999



                          MBLA FINANCIAL CORPORATION
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


           DELAWARE                    0-21482                 43-1637679
(STATE OR OTHER JURISDICTION        (SEC FILE NO.)          (IRS EMPLOYER OR
      OF INCORPORATION)                                    IDENTIFICATION NO.)


               101 VINE STREET, MACON, MISSOURI                 63552
           (Address of principal executive offices)           (Zip Code)


      REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (660) 385-2122


                                NOT APPLICABLE
         (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)


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                          MBLA FINANCIAL CORPORATION
                     INFORMATION TO BE INCLUDED IN REPORT



ITEM 5.     OTHER INFORMATION
            -----------------

            On June 24, 1999, the Registrant issued the  press  release attached
            hereto as Exhibit 99.1 and incorporated herein by reference.


ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS
            ---------------------------------

            Exhibit 99.1 -- Press Release dated June 24, 1999.













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                                  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, thereunto duly authorized.




                                      MBLA FINANCIAL CORPORATION
                                      --------------------------
                                              (Registrant)


                                      BY:/s/ John T. Neer
                                         --------------------------------------
                                         JOHN T. NEER
                                         PRESIDENT AND CHIEF EXECUTIVE OFFICER




Dated: June 24, 1999


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FOR IMMEDIATE RELEASE
- ---------------------

FOR ADDITIONAL INFORMATION,
CONTACT:                                          John T. Neer
                                                  President and CEO
                                                  MBLA Financial Corporation
                                                  Telephone (660) 385-2122


                          MBLA FINANCIAL CORPORATION
                             ANNOUNCES PAYMENT OF
                                CASH DIVIDEND

      MACON, MISSOURI, JUNE 24, 1999 -- The Board of Directors of MBLA Financial
Corporation,  Inc.  today  announced a semi-annual  cash dividend for the period
ending June 30, 1999, of $ .30(cent) (thirty cents) per share to stockholders of
record on June 25, 1999.  Payment of the cash  dividend  will be made on July 8,
1999.

      The  Common  Stock  of  MBLA  Financial Corporation, Inc. is listed on the
NASDAQ National Market under the symbol "MBLF".

      MBLA Financial Corporation, Inc. acquired  all  of the outstanding capital
stock  of  Macon  Building and  Loan Association  upon  its  conversion  from  a
federally chartered  mutual  savings  and loan association.   Macon Building and
Loan  Association, F.A. is headquartered in Macon, Missouri with a branch office
in Moberly.



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