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)  AUGUST 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 August 5, 1997
<PAGE>

                            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: 8-5-97                                 By: /s/ JERRY CHANCELLOR
                                                 Jerry Chancellor
                                                 President
<PAGE>


                            Exhibit 99

                           Press Release

                               Dated

                         August  5 , 1997
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 1719}]
{"company-data": {"conformed-name": "JACKSONVILLE BANCORP INC", "cik": "0001005507", "assigned-sic": "6036", "irs-number": "752632781", "state-of-incorporation": "TX", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28070", "film-number": "97652994"}, "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)  AUGUST 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 August 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: 8-5-97                                 By: /s/ JERRY CHANCELLOR
                                                 Jerry Chancellor
                                                 President
Exhibit 99

                           Press Release

                               Dated

                         August  5 , 1997