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 30, 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  October 30, 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:           10/30/97           By:  \s\Jerry Chancellor
                                        Jerry Chancellor                   
                                        President

<PAGE>
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{"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": "97706984"}, "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)           October 30, 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  October 30, 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:           10/30/97           By:  \s\Jerry Chancellor
                                        Jerry Chancellor                   
                                        President