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                                                                 EXHIBIT 10.1(d)


                           JACKSONVILLE BANCORP, INC.
              1996 MANAGEMENT RECOGNITION PLAN AND TRUST AGREEMENT


                                    ARTICLE I
                       ESTABLISHMENT OF THE PLAN AND TRUST

         1.01     Jacksonville Bancorp, Inc. (the "Corporation") hereby 
establishes a Management Recognition Plan (the "Plan") and Trust (the "Trust")
upon the terms and conditions hereinafter stated in this 1996 Management
Recognition Plan and Trust Agreement (the "Agreement").

         1.02     The Trustee hereby accepts this Trust and agrees to hold the 
Trust assets existing on the date of this Agreement and all additions and 
accretions thereto upon the terms and conditions hereinafter stated.


                                   ARTICLE II
                               PURPOSE OF THE PLAN

         2.01     The purpose of the Plan is to retain personnel of experience 
and ability in key positions by providing Employees and Non-Employee Directors 
of the Corporation and of Jacksonville Savings and Loan Association (the
"Association") with a proprietary interest in the Corporation as compensation
for their contributions to the Corporation, the Association, and any other
Subsidiaries and as an incentive to make such contributions in the future.


                                   ARTICLE III
                                   DEFINITIONS

         The following words and phrases when used in this Agreement with an
initial capital letter, unless the context clearly indicates otherwise, shall
have the meanings set forth below. Wherever appropriate, the masculine pronouns
shall include the feminine pronouns and the singular shall include the plural.

         3.01     "Association" means Jacksonville Savings and Loan Association,
the wholly owned subsidiary of the Corporation.

         3.02     "Beneficiary" means the person or persons designated by a
Recipient to receive any benefits payable under the Plan in the event of such
Recipient's death. Such person or persons shall be designated in writing on
forms provided for this purpose by the Committee and may be changed from time to
time by similar written notice to the Committee. In the absence of a written
designation, the Beneficiary shall be the Recipient's surviving spouse, if any,
or if none, his estate.

         3.03     "Board" means the Board of Directors of the Corporation.



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         3.04     "Code" means the Internal Revenue Code of 1986, as amended.

         3.05     "Committee" means the committee appointed by the Board 
pursuant to Article IV hereof.

         3.06     "Common Stock" means shares of the common stock, $0.01 par 
value per share, of the Corporation.

         3.07     "Disability" means any physical or mental impairment which
qualifies an Employee for disability benefits under the applicable long-term
disability plan maintained by the Corporation or any Subsidiary or, if no such
plan applies, which would qualify such Employee for disability benefits under
the Federal Social Security System.

         3.08     "Effective Date" means the day upon which the Board adopts 
this Plan.

         3.09     "Employee" means any person who is employed by the 
Corporation, the Association, or any Subsidiary, or is an officer of the 
Corporation, the Association, or any Subsidiary, including officers or other 
employees who may be directors of the Corporation.

         3.10     "Exchange Act" means the Securities Exchange Act of 1934, as 
amended.

         3.11     "Non-Employee Director" means a member of the Board on the 
Effective Date who is not an Employee other than Robert F. Brown.

         3.12     "OTS" means the Office of Thrift Supervision.

         3.13     "Plan Shares" or "Shares" means shares of Common Stock held 
in the Trust which may be distributed to a Recipient pursuant to the Plan.

         3.14     "Plan Share Award" or "Award" means a right granted under this
Plan to receive a distribution of Plan Shares upon completion of the service
requirements described in Article VII.

         3.15     "Recipient" means an Employee or Non-Employee Director who 
receives a Plan Share Award under the Plan.

         3.16     "Retirement" means a termination of employment which 
constitutes a "retirement" under any applicable qualified pension benefit 
plan maintained by the Company or a Subsidiary Company, or, if no such
plan is applicable, which would constitute "retirement" under any qualified
pension benefit plan maintained by the Company or a Subsidiary Company, if such
individual were a participant in such plan.

         3.17     "Subsidiary" means Jacksonville Savings and Loan Association 
and any other subsidiaries of the Corporation or the Association which, with the
consent of the Board, agree to participate in this Plan.


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         3.18     "Trustee" means such firm, entity or persons and approved by 
the Board of Directors to hold legal title to the Plan for the purposes set 
forth herein.

                                   ARTICLE IV
                           ADMINISTRATION OF THE PLAN

         4.01     ROLE OF THE COMMITTEE. The Plan shall be administered and
interpreted by the Committee, which shall consist of two or more members of the
Board, each of whom shall be a Non-Employee Director. The Committee shall have
all of the powers allocated to it in this and other Sections of the Plan. The
interpretation and construction by the Committee of any provisions of the Plan
or of any Plan Share Award granted hereunder shall be final and binding in the
absence of action by the Board of Directors. The Committee shall act by vote or
written consent of a majority of its members. Subject to the express provisions
and limitations of the Plan, the Committee may adopt such rules, regulations and
procedures as it deems appropriate for the conduct of its affairs. The Committee
shall report its actions and decisions with respect to the Plan to the Board at
appropriate times, but in no event less than one time per calendar year.

         4.02     ROLE OF THE BOARD. The members of the Committee and the 
Trustee shall be appointed or approved by, and will serve at the pleasure of, 
the Board. The Board may in its discretion from time to time remove members 
from, or add members to, the Committee, and may remove or replace the Trustee, 
provided that any directors who are selected as members of the Committee shall 
be Non-Employee Directors.

         4.03     LIMITATION ON LIABILITY. No member of the Board or the 
Committee shall be liable for any determination made in good faith with
respect to the Plan or any Plan Shares or Plan Share Awards granted under it.
If a member of the Board or the Committee is a party or is threatened to be
made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative, by reason
of anything done or not done by him in such capacity under or with respect to
the Plan, the Corporation shall, subject to the requirements of applicable laws
and regulations, indemnify such member against all liabilities and expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by him in connection with such action, suit or
proceeding if he acted in good faith and in a manner he reasonably believed to
be in the best interests of the Corporation and any Subsidiaries and, with
respect to any criminal action or proceeding, had no reasonable cause to
believe his conduct was unlawful.

         4.04     COMPLIANCE WITH LAWS AND REGULATIONS. All Awards granted 
hereunder shall be subject to all applicable federal and state laws,
rules and regulations and to such approvals by any government or regulatory
agency or stockholders as may be required.



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                                    ARTICLE V
                                  CONTRIBUTIONS

         5.01     AMOUNT AND TIMING OF CONTRIBUTIONS. The Board shall 
determine the amount (or the method of computing the amount) and timing of
any contributions by the Corporation and any Subsidiaries to the Trust
established under this Plan. Such amounts may be paid in cash or in shares of
Common Stock and shall be paid to the Trust at the designated time of
contribution. No contributions by Employees or Directors shall be permitted.

         5.02     INVESTMENT OF TRUST ASSETS; NUMBER OF PLAN SHARES. Subject to
Section 8.02 hereof, the Trustee shall invest all of the Trust's assets
primarily in Common Stock. The aggregate number of Plan Shares available for
distribution pursuant to this Plan shall be 64,736 shares of Common Stock, which
shares shall be purchased from the Corporation and/or from stockholders thereof
by the Trust with funds contributed by the Corporation. During the time this
Plan remains in effect, Awards to each Employee and each NonEmployee Director
shall not exceed 25% and 5% of the shares of Common Stock available under the
Plan, respectively.


                                   ARTICLE VI
                            ELIGIBILITY; ALLOCATIONS

         6.01     AWARDS TO NON-EMPLOYEE DIRECTORS. Plan Share Awards equal to 
9,708 shares shall be made to Non-Employee Directors.

                  (a) INITIAL ALLOCATION. A Plan Share Award shall be allocated
to each NonEmployee Director as of the day on which the Plan is approved by
stockholders of the Corporation. Specifically, each Non-Employee Director shall
receive an initial Plan Share Award of 3,236 shares of Common Stock.

         6.02     AWARDS TO EMPLOYEES. Plan Share Awards may be made to such
Employees as may be selected by the Board of Directors or the Committee. In
selecting those Employees to whom Plan Share Awards may be granted and the
number of Shares covered by such Awards, the Board of Directors or the Committee
shall consider the duties, responsibilities and performance of each respective
Employee, his present and potential contributions to the growth and success of
the Corporation, his salary and such other factors as shall be deemed relevant
to accomplishing the purposes of the Plan. The Board of Directors or the
Committee may but shall not be required to request the written recommendation of
the Chief Executive Officer of the Corporation other than with respect to Plan
Share Awards to be granted to him.

         6.03     FORM OF ALLOCATION. As promptly as practicable after a
determination is made pursuant to Sections 6.01 or 6.02 that a Plan Share Award
is to be issued, the Board of Directors or the Board of Directors or the
Committee shall notify the Recipient in writing

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of the grant of the Award, the number of Plan Shares covered by the Award, and
the terms upon which the Plan Shares subject to the Award shall be distributed
to the Recipient. The date on which the Board of Directors or the Committee so
notifies the Recipient shall be considered the date of grant of the Plan Share
Award. The Board of Directors or the Committee shall maintain records as to all
grants of Plan Share Awards under the Plan.

         6.04     ALLOCATIONS NOT REQUIRED TO ANY SPECIFIC EMPLOYEE. 
Notwithstanding anything to the contrary in Section 6.02 hereof, no Employee
shall have any right or entitlement to receive a Plan Share Award hereunder,
such Awards being at the total discretion of the Board of Directors or the
Committee.


                                   ARTICLE VII
             EARNING AND DISTRIBUTION OF PLAN SHARES; VOTING RIGHTS

         7.01     EARNING PLAN SHARES; FORFEITURES.

                  (a) GENERAL RULES. Subject to the terms hereof, Plan Share
Awards shall be earned by a Recipient at the rate of twenty percent (20%) of the
aggregate number of Shares covered by the Award as of each anniversary of the
date of grant of the Award. If the employment of an Employee or service as a
Non-Employee Director is terminated prior to the fifth (5th) annual anniversary
of the date of grant of a Plan Share Award for any reason other than for death,
Retirement or Disability, the Recipient shall forfeit the right to any Shares
subject to the Award which have not theretofore been earned. In the event of a
forfeiture of the right to any Shares subject to an Award, such forfeited Shares
shall become available for allocation pursuant to Section 6.02 hereof as if no
Award had been previously granted with respect to such Shares. No fractional
shares shall be distributed pursuant to this Plan.

                  (b) EXCEPTION FOR TERMINATIONS DUE TO DEATH OR DISABILITY.
Notwithstanding the general rule contained in Section 7.01(a), all Plan Shares
subject to a Plan Share Award held by a Recipient whose employment or service
with the Corporation or any Subsidiary terminates due to death or Disability
shall be deemed earned as of the Recipient's last day of employment with the
Corporation or any Subsidiary and shall be distributed as soon as practicable
thereafter; provided, however, that Awards shall be distributed in accordance
with Section 7.03(a).

                  (c) REVOCATION FOR MISCONDUCT. Notwithstanding anything
hereinafter to the contrary, the Board may by resolution immediately revoke,
rescind and terminate any Plan Share Award, or portion thereof, previously
awarded under this Plan, to the extent Plan Shares have not been distributed
hereunder to the Recipient, whether or not yet earned, in the case of an
Employee who is discharged from the employ of the Corporation or any Subsidiary
for cause (as hereinafter defined). Termination for cause shall mean termination
because of the Employee's personal dishonesty, incompetence, willful misconduct,
breach of fiduciary duty involving personal profit, intentional failure to
perform stated duties, willful

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violation of any law, rule, or regulation (other than traffic violations or
similar offenses) or final cease-and-desist order. Plan Share Awards granted to
a Non-Employee Director who is removed for cause pursuant to the Corporation's
Certificate of Incorporation or Bylaws shall terminate as of the effective date
of such removal.

         7.02     DISTRIBUTION OF DIVIDENDS. Any cash dividends or stock 
dividends declared in respect of each unvested Plan Share Award will be
held by the Trust for the benefit of the Recipient on whose behalf such Plan
Share Award is then held by the Trust and such dividends, including any
interest thereon, will be paid out proportionately by the Trust to the
Recipient thereof as soon as practicable after the Plan Share Awards become
earned. Any cash dividends or stock dividends declared in respect of each
vested Plan Share held by the Trust will be paid by the Trust, as soon as
practicable after the Trust's receipt thereof, to the Recipient on whose behalf
such Plan Share is then held by the Trust.

         7.03     DISTRIBUTION OF PLAN SHARES.

                  (a) TIMING OF DISTRIBUTIONS: General Rule. Plan Shares shall
be distributed to the Recipient or his Beneficiary, as the case may be, as soon
as practicable after they have been earned, provided, however, that no Plan
Shares shall be distributed to the Recipient or Beneficiary pursuant to a Plan
Share Award within six months from the date on which that Plan Share Award was
granted to such person.

                  (b) FORM OF DISTRIBUTIONS.  All Plan Shares, together 
with any Shares representing stock dividends, shall be distributed in the form
of Common Stock. One share of Common Stock shall be given for each Plan Share
earned and distributable. Payments representing cash dividends shall be made in
cash.

                  (c) WITHHOLDING. The Trustee may withhold from any cash
payment or Common Stock distribution made under this Plan sufficient amounts to
cover any applicable withholding and employment taxes, and if the amount of a
cash payment is insufficient, the Trustee may require the Recipient or
Beneficiary to pay to the Trustee the amount required to be withheld as a
condition of delivering the Plan Shares. The Trustee shall pay over to the
Corporation or any Subsidiary which employs or employed such Recipient any such
amount withheld from or paid by the Recipient or Beneficiary.

                  (d) RESTRICTIONS ON SELLING OF PLAN SHARES. Plan Share Awards
may not be sold, assigned, pledged or otherwise disposed of prior to the time
that they are earned and distributed pursuant to the terms of this Plan.
Following distribution, the Board of the Directors or the Committee may require
the Recipient or his Beneficiary, as the case may be, to agree not to sell or
otherwise dispose of his distributed Plan Shares except in accordance with all
then applicable Federal and state securities laws, and the Board of Directors or
the Committee may cause a legend to be placed on the stock certificate(s)
representing the distributed Plan Shares in order to restrict the transfer of
the distributed Plan Shares for such period of time or under such circumstances
as the Board of Directors or the Committee, upon the advice of counsel, may deem
appropriate.

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         7.04     VOTING OF PLAN SHARES. All Plan Shares which have not yet been
earned and allocated shall be voted by the Trustee in its sole discretion.


                                  ARTICLE VIII
                                      TRUST

         8.01     TRUST. The Trustee shall receive, hold, administer, invest and
make distributions and disbursements from the Trust in accordance with the
provisions of the Plan and Trust and the applicable directions, rules,
regulations, procedures and policies established by the Committee pursuant to
the Plan.

         8.02     MANAGEMENT OF TRUST. It is the intent of this Plan and Trust 
that the Trustee shall have complete authority and discretion with respect to
the arrangement, control and investment of the Trust, and that the Trustee
shall invest all assets of the Trust in Common Stock to the fullest extent
practicable, except to the extent that the Trustee determine that the holding
of monies in cash or cash equivalents is necessary to meet the obligations of
the Trust. In performing their duties, the Trustee shall have the power to do
all things and execute such instruments as may be deemed necessary or proper,
including the following powers:

                  (a) To invest up to one hundred percent (100%) of all Trust
assets in Common Stock without regard to any law now or hereafter in force
limiting investments for trustees or other fiduciaries. The investment
authorized herein may constitute the only investment of the Trust, and in making
such investment, the Trustee are authorized to purchase Common Stock from the
Corporation or from any other source, and such Common Stock so purchased may be
outstanding, newly issued, or treasury shares.

                  (b) To invest any Trust assets not otherwise invested in
accordance with (a) above, in such deposit accounts, and certificates of
deposit, obligations of the United States Government or its agencies or such
other investments as shall be considered the equivalent of cash.

                  (c) To sell, exchange or otherwise dispose of any 
property at any time held or acquired by the Trust.

                  (d) To cause stocks, bonds or other securities to be
registered in the name of a nominee, without the addition of words indicating
that such security is an asset of the Trust (but accurate records shall be
maintained showing that such security is an asset of the Trust).

                  (e) To hold cash without interest in such amounts as may in
the opinion of the Trustee be reasonable for the proper operation of the Plan
and Trust.

                  (f) To employ brokers, agents, custodians, consultants 
and accountants.

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                  (g) To hire counsel to render advice with respect to their
rights, duties and obligations hereunder, and such other legal services or
representation as they may deem desirable.

                  (h) To hold funds and securities representing the amounts to
be distributed to a Recipient or his Beneficiary as a consequence of a dispute
as to the disposition thereof, whether in a segregated account or held in common
with other assets of the Trust.

         Notwithstanding anything herein contained to the contrary, the Trustee
shall not be required to make any inventory, appraisal or settlement or report
to any court, or to secure any order of court for the exercise of any power
herein contained, or give bond.

         8.03     RECORDS AND ACCOUNTS. The Trustee shall maintain accurate and
detailed records and accounts of all transactions of the Trust, which shall be
available at all reasonable times for inspection by any legally entitled person
or entity to the extent required by applicable law, or any other person
determined by the Board of Directors or the Committee.

         8.04     EXPENSES.  All costs and expenses incurred in the operation 
and administration of this Plan shall be borne by the Corporation.

         8.05     INDEMNIFICATION. Subject to the requirements of applicable 
laws and regulations, the Corporation shall indemnify, defend and hold the 
Trustee harmless against all claims, expenses and liabilities arising out of 
or related to the exercise of the Trustee's powers and the discharge of their 
duties hereunder, unless the same shall be due to their gross negligence or 
willful misconduct.


                                   ARTICLE IX
                                  MISCELLANEOUS

         9.01     ADJUSTMENTS FOR CAPITAL CHANGES. The aggregate number of Plan
Shares available for distribution pursuant to the Plan Share Awards and the
number of Shares to which any Plan Share Award relates shall be proportionately
adjusted for any increase or decrease in the total number of outstanding shares
of Common Stock issued subsequent to the effective date of the Plan resulting
from any split, subdivision or consolidation of shares or other capital
adjustment, or other increase or decrease in such shares effected without
receipt or payment of consideration by the Corporation.

         9.02     AMENDMENT AND TERMINATION OF PLAN. The Board may, by 
resolution, at any time amend or terminate the Plan, subject to regulations
of the OTS and any required stockholder approval or any stockholder approval
which the Board may deem to be advisable for any reason, such as for the
purpose of obtaining or retaining any statutory or regulatory benefits under
tax, securities or other laws or satisfying any applicable stock exchange
listing requirements. The Board may not, without the consent of the Recipient,

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alter or impair his Plan Share Award except as specifically authorized herein.
Upon termination of the Plan, the Recipient's Plan Share Awards shall be
distributed to the Recipient in accordance with the terms of Article VII hereof.
         9.03     NONTRANSFERABLE. Plan Share Awards and rights to Plan Shares 
shall not be transferable by a Recipient, and during the lifetime of the
Recipient, Plan Shares may only be earned by and paid to a Recipient who was
notified in writing of an Award by the Committee pursuant to Section 6.03. No
Recipient or Beneficiary shall have any right in or claim to any assets of the
Plan or Trust, nor shall the Corporation or any Subsidiary be subject to any
claim for benefits hereunder.

         9.04     EMPLOYMENT OR SERVICE RIGHTS. Neither the Plan nor any grant 
of a Plan Share Award or Plan Shares hereunder nor any action taken by the
Trustee, the Committee or the Board in connection with the Plan shall create
any right on the part of any Employee or Non-Employee Director to continue in
such capacity.

         9.05     VOTING AND DIVIDEND RIGHTS. No Recipient shall have any 
voting or dividend rights or other rights of a stockholder in respect of any    
Plan Shares covered by a Plan Share Award, except as expressly provided in
Sections 7.02 and 7.04 above, prior to the time said Plan Shares are actually
earned and distributed to him.

         9.06     GOVERNING LAW. To the extent not governed by Federal law, 
the Plan and Trust shall be governed by the laws of the State of Texas.

         9.07     EFFECTIVE DATE. This Plan shall be effective as of the 
Effective Date, and Awards may be granted hereunder as of or after the
Effective Date and as long as the Plan remains in effect. Notwithstanding the
foregoing or anything to the contrary in this Plan, the implementation of this
Plan and any Awards granted pursuant hereto are subject to the non-objection of
the OTS and approval of the Corporation's stockholders.

         9.08     TERM OF PLAN. This Plan shall remain in effect until the 
earlier of (1) ten (10) years from the Effective Date, (2) termination by the
Board, or (3) the distribution to Recipients and Beneficiaries of all assets of
the Trust.

         9.09     TAX STATUS OF TRUST. It is intended that the trust established
hereby be treated as a Grantor Trust of the Corporation under the provisions of
Section 671 et seq. of the Code, as the same may be amended from time to time.

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         IN WITNESS WHEREOF, the Corporation has caused this Agreement to be
executed by its duly authorized officers and the corporate seal to be affixed
and duly attested, and the initial Trustee of the Trust established pursuant
hereto have duly and validly executed this Agreement, all on this 22nd day of
October 1996.

                                       JACKSONVILLE BANCORP, INC.

                                       By:
                                          -----------------------------
                                           Charles Broadway
                                           President

ATTEST:


By:
   -----------------------------
   Sandra Thompson
   Secretary

                                                 TRUSTEES:




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