SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                   FORM 10-K/A

                Annual Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

   For the fiscal year ended December 31, 1998 Commission file number 0-18925

                                 ANB CORPORATION
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Indiana                                               35-1612066
-------------------------------                             -------------------
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization                              Identification No.)

                 120 West Charles Street, Muncie, Indiana 47305
               ---------------------------------------------------
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (765) 747-7575

        Securities registered pursuant to Section 12(b) of the Act: None

           Securities registered pursuant to Section 12(g) of the Act:

                           Common Stock, No-Par Value
                                (Title of Class)

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

Indicate by check mark whether the registrant (1) has filed all reports required
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months, and (2) has been subject to such filing requirements
for the past 90 days. Yes [X] No [ ]

The aggregate market value of voting stock held by non-affiliates of the
registrant (for purposes of such calculation, includes persons who are not
directors, executive officers or holders of more than 10% of the registrant's
common stock) based upon the average of the bid and asked prices as of March 12,
1999 was approximately $91,387,000.

Indicate the number of shares outstanding of each of the registrant's classes of
common stock as of March 12, 1999:

                  Common Stock, No-Par Value - 4,571,107 shares

Documents incorporated by reference:

Portions of the Annual Report to Shareholders of ANB Corporation for the year
ended December 31, 1998 are incorporated by reference into Part II.

Portions of the definitive proxy statement dated March 25, 1999 relating to the
annual meeting of shareholders of ANB Corporation to be held on April 27, 1999
are incorporated by reference into Part III.

Exhibit index - page 22


<PAGE>

This Form 10-K/A is being filed to include the annual financial statements and
independent auditor's report for the Stock Investment Plan of ANB Corporation as
of December 31, 1998 and 1997 and for each of the three years in the period
ended December 31, 1998, not previously included in Form 10-K.

This Form 10-K/A includes the following exhibits:


       Exhibit Number                  Description
       --------------                  -----------

             23                   Consent of Olive LLP

             99                   Annual financial statements and independent
                                  auditor's report for Stock Investment Plan of
                                  ANB Corporation for the year ended December
                                  31, 1998.


<PAGE>

                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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, as of the 20th day of
April, 1999.

                                               ANB CORPORATION
                                               (Registrant)


                                               By: /s/ James R. Schrecongost
                                                  ---------------------------
                                                       James R. Schrecongost,
                                                       Vice Chairman,
                                                       President, and Chief
                                                       Executive Officer