content: 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):  October 8, 1998
                                                     ---------------
  
  
                          INTERCOUNTY BANCSHARES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)
  
  
  
       OHIO                   0-23134                       31-1004998
   -------------         -------------------           ---------------------
  (State or other       (Commission File No.)         (IRS Employer I.D. No.)
   jurisdiction of
   incorporation)
  
  
              48 N. South Street, Wilmington, Ohio           45177   
            --------------------------------------------------------
           (Address of principal executive offices)        (Zip Code)
  
  
  Registrant's telephone number, including area code:    (937) 382-1441
                                                     -----------------------
  
  
  <PAGE>
  
  
  
  Item 5.     Other Events.
  ------      ------------
  
  On October 8, 1998, The National Bank and Trust Company ("NB&T"), a national
  bank and wholly owned subsidiary of InterCounty Bancshares, Inc. ("ICB"), 
  consummated the acquisition of all of the outstanding shares of Phillips
  Insurance Agency Group, Inc., an Ohio corporation (the "Agency").  In
  payment for the shares of the Agency, ICB issued 26,803 common shares to
  the Agency's shareholders.
  
  
  <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 thereunto duly authorized.
  
  
                                       INTERCOUNTY BANCSHARES, INC.
  
  
  
                                       By: /s/ Timothy L. Smith
                                           ---------------------------
                                           Timothy L. Smith, President
  
  
  Date:  October 8, 1998
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2263}]
metadata_filer: {"company-data": {"conformed-name": "INTERCOUNTY BANCSHARES INC", "cik": "0000908837", "assigned-sic": "6029", "irs-number": "311004998", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-23134", "film-number": "98723024"}, "business-address": {"street1": "48 NORTH SOUTH ST", "city": "WILMINGTON", "state": "OH", "zip": "45177", "phone": "9373821441"}}
text: 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):  October 8, 1998
                                                     ---------------
  
                          INTERCOUNTY BANCSHARES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)
  
       OHIO                   0-23134                       31-1004998
   -------------         -------------------           ---------------------
  (State or other       (Commission File No.)         (IRS Employer I.D. No.)
   jurisdiction of
   incorporation)
  
              48 N. South Street, Wilmington, Ohio           45177   
            --------------------------------------------------------
           (Address of principal executive offices)        (Zip Code)
  
  Registrant's telephone number, including area code:    (937) 382-1441
                                                     -----------------------
  Item 5.     Other Events.
  ------      ------------
  
  On October 8, 1998, The National Bank and Trust Company ("NB&T"), a national
  bank and wholly owned subsidiary of InterCounty Bancshares, Inc. ("ICB"), 
  consummated the acquisition of all of the outstanding shares of Phillips
  Insurance Agency Group, Inc., an Ohio corporation (the "Agency").  In
  payment for the shares of the Agency, ICB issued 26,803 common shares to
  the Agency's shareholders.
  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.
  
                                       INTERCOUNTY BANCSHARES, INC.
  
                                       By: /s/ Timothy L. Smith
                                           ---------------------------
                                           Timothy L. Smith, President
  
  Date:  October 8, 1998