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) FEBRUARY 5, 1997


                    JACKSONVILLE BANCORP, INC.


         TEXAS                         0 - 28070                 75-2632781    
(State of Incorporation)          (Commission File No.)           (IRS No)

COMMERCE AND NECHES STREET        JACKSONVILLE, TEXAS               75766 
(Address of Principal Executive Offices)                          (Zip Code)


                          (903) 586-9861
(Registrant's Telephone Number, Including Area Code)


                          NOT APPLICABLE
(Former Name or Former Address, If Changed Since Last Report)



<PAGE>

Item 5.  OTHER EVENTS

Item 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)  Not applicable

         (b)  Not applicable

         (c)  Exhibits:

               (99)  Press Release, dated February 5, 1997
               
                            SIGNATURES

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

                                   JACKSONVILLE BANCORP, INC.



Date:  2-5-97                      By:  /S/ JERRY CHANCELLOR
                                        --------------------
                                        Jerry Chancellor,
                                        President
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 1696}]
{"company-data": {"conformed-name": "JACKSONVILLE BANCORP INC", "cik": "0001005507", "assigned-sic": "6036", "irs-number": "752632781", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28070", "film-number": "97523958"}, "business-address": {"street1": "P O BOX 401", "street2": "COMMERCE & NECHES STREETS", "city": "JACKSONVILLE", "state": "TX", "zip": "75766", "phone": "9035869861"}}
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) FEBRUARY 5, 1997

                    JACKSONVILLE BANCORP, INC.

         TEXAS                         0 - 28070                 75-2632781    
(State of Incorporation)          (Commission File No.)           (IRS No)

COMMERCE AND NECHES STREET        JACKSONVILLE, TEXAS               75766 
(Address of Principal Executive Offices)                          (Zip Code)

                          (903) 586-9861
(Registrant's Telephone Number, Including Area Code)

                          NOT APPLICABLE
(Former Name or Former Address, If Changed Since Last Report)
Item 5.  OTHER EVENTS

Item 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

         (a)  Not applicable

         (b)  Not applicable

         (c)  Exhibits:

               (99)  Press Release, dated February 5, 1997
               
                            SIGNATURES

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

                                   JACKSONVILLE BANCORP, INC.

Date:  2-5-97                      By:  /S/ JERRY CHANCELLOR
                                        --------------------
                                        Jerry Chancellor,
                                        President