SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB
                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934


For Quarterly Period Ended                               Commission File Number:
         June 30, 2002                                                  33-41045

                          SARASOTA BANCORPORATION, INC.
--------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


           Florida                                               65-0235255
--------------------------------------------------------------------------------
(State or other jurisdiction of                                (I.R.S.Employer
  incorporation or organization)                             Identification No.)


           Two North Tamiami Trail, Suite 100, Sarasota, Florida 34236
           -----------------------------------------------------------
                    (Address of principal executive offices)


                                 (941) 955-2626
                           (Issuer's telephone number)


                                 Not applicable
--------------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                          if changed since lastreport)


Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the Securities Exchange Act of 1934 during the last 12 months (or
for such shorter  period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

                  Yes _____X________            No ________________

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:

Common Stock, $.01 Par Value                                559,740
            Class                                Outstanding at August 7th, 2002

Transitional Small Business Disclosure Format (Check One):

                  Yes ______________            No _______X________



<PAGE>

                          PART I. FINANCIAL INFORMATION

Item 1.          Financial Statements

                          SARASOTA BANCORPORATION, INC.
                                 AND SUBSIDIARY

                           CONSOLIDATED BALANCE SHEETS
                       June 30, 2002 and December 31, 2001
                                   (UNAUDITED)




<TABLE>
ASSETS                                                                                    June 30, 2002            December 31, 2001
--------------------------------------------                                              -------------            -----------------


<S>                                                                                        <C>                            <C>
Cash and due from banks                                                                    $  3,255,469                   2,313,342
Federal funds sold                                                                            3,883,600                   6,267,245
                                                                                          -------------                 -----------
  Total cash and cash equivalents                                                             7,139,069                   8,580,587
Interest-bearing deposit in bank                                                                      -                     100,000
Securities available for sale                                                                28,960,119                  20,659,101
Federal Home Loan Bank stock, at cost                                                           354,800                     302,400
Loans (Net)                                                                                 105,086,212                  94,835,930
Accrued interest receivable                                                                     702,319                     639,510
Repossesed assets                                                                                 2,000                      36,800
Servicing rights                                                                                212,035                     318,055
Furniture and equipment,net                                                                     282,714                     265,661
Deferred income taxes                                                                           245,351                     382,905
Other assets                                                                                     15,305                      34,648
                                                                                          -------------                 -----------

     TOTAL ASSETS:                                                                         $142,999,924                 126,155,597
                                                                                           ============                 ===========


LIABILITIES AND STOCKHOLDERS' EQUITY
--------------------------------------------


LIABILITIES:

Noninterest-bearing demand deposits                                                        $ 11,197,658                  10,855,010
Interest-bearing demand deposits                                                             28,144,319                  23,515,093
Savings deposits                                                                                945,182                     856,706
Other time deposits                                                                          79,495,580                  73,059,760
                                                                                          -------------                 -----------
  Total deposits                                                                            119,782,739                 108,286,569

FHLB advances                                                                                 6,000,000                   3,000,000
Repurchase agreements                                                                         6,677,633                   5,430,659
Income taxes payable                                                                             24,000                      39,061
Accrued interest payable                                                                        206,294                     237,666
Other liabilities                                                                               188,455                      59,427
                                                                                          -------------                 -----------

     TOTAL LIABILITIES:                                                                     132,879,121                 117,053,382
                                                                                          -------------                 -----------

COMMITMENTS AND CONTINGENCIES                                                                         -                           -

STOCKHOLDERS' EQUITY:

Preferred stock, $.10 Par Value.  Authorized 1,000,000 shares;
   None Issued or Outstanding                                                                         -                           -
Common Stock, $.01 Par Value.  Authorized 10,000,000 shares;
     Outstanding 559,740 shares                                                                   5,597                       5,591
Additional paid-in capital                                                                    5,598,912                   5,588,927
Treasury stock, at cost                                                                          (9,990)                     (3,473)
Retained earnings                                                                             4,328,517                   3,547,617
Accumulated other comprehensive income (loss)                                                   197,767                     (36,447)
                                                                                          -------------                 -----------

     TOTAL STOCKHOLDERS' EQUITY:                                                             10,120,803                   9,102,215
                                                                                          -------------                 -----------


     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY:                                          $ 142,999,924                 126,155,597
                                                                                          =============                 ===========
</TABLE>



                                         2
<PAGE>

                          SARASOTA BANCORPORATION, INC.
                                SARASOTA, FLORIDA

                        CONSOLIDATED STATEMENTS OF INCOME
         FOR THE THREE MONTHS ENDED JUNE 30, 2002 AND JUNE 30, 2001 AND
            FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND JUNE 30, 2001
                                   (UNAUDITED)

<TABLE>
                                                                     THREE MONTHS     THREE MONTHS      SIX MONTHS        SIX MONTHS
                                                                        ENDED            ENDED            ENDED             ENDED
                                                                       6/30/02          6/30/01          6/30/02           6/30/01
                                                                     ----------        ---------        ---------         ---------

INTEREST INCOME:
<S>                                                                  <C>               <C>              <C>               <C>
Loans receivable and fees on loans                                   $2,056,088        2,194,447        4,006,919         4,419,696
Investment securities                                                   373,527          271,065          685,659           541,775
Federal funds sold                                                       14,031           80,165           44,730           177,109
                                                                     ----------        ---------        ---------         ----------

     TOTAL INTEREST INCOME:                                           2,443,646        2,545,677        4,737,308         5,138,580
                                                                     ----------        ---------        ---------         ----------

INTEREST EXPENSE:

Deposits                                                                840,476        1,253,817        1,725,338         2,554,381
Other                                                                    75,060          102,168          139,961           219,322
                                                                     ----------        ---------        ---------         ----------


     TOTAL INTEREST EXPENSE:                                            915,536        1,355,985        1,865,299         2,773,703
                                                                     ----------        ---------        ---------         ----------

     NET INTEREST INCOME:                                             1,528,110        1,189,692        2,872,009         2,364,877

Provision for loan losses                                               133,800          106,750          283,800           153,850
                                                                     ----------        ---------        ---------         ----------

     NET INTEREST INCOME AFTER
        PROVISION FOR LOAN LOSSES                                     1,394,310        1,082,942        2,588,209         2,211,027

Noninterest income:

Service Charges on Deposit Accounts                                      52,364           75,801           99,300           133,953
Net gain (loss) from sale of repossessed assets                             320           31,565             (339)         (143,253)
Other income                                                             62,395           33,945           96,275            66,970
                                                                     ----------        ---------        ---------         ----------

    Total noninterest income                                            115,079          141,311          195,236            57,670
                                                                     ----------        ---------        ---------         ----------


Noninterest expenses:

Salaries and employee benefits                                          322,322          206,242          641,024           477,903
Occupancy                                                               110,011           92,727          216,190           183,820
Data processing                                                          51,777           40,773          103,136            93,556
Professional Fees                                                        69,760           99,647          126,939           146,269
Other                                                                   208,632          281,461          409,406           547,342
                                                                     ----------        ---------        ---------         ----------

     Total noninterest expenses                                         762,502          720,850        1,496,695         1,448,890
                                                                     ----------        ---------        ---------         ----------

     INCOME BEFORE TAXES                                                746,887          503,403        1,286,750           819,807

     PROVISION FOR TAXES                                                284,350          173,561          505,850           346,311
                                                                     ----------        ---------        ---------         ----------

     NET INCOME                                                      $  462,537          329,842          780,900           473,496
                                                                     ==========        =========        =========         ==========


NET INCOME PER SHARE OF COMMON STOCK                                 $     0.83             0.59             1.40              0.85
                                                                     ==========        =========        =========         ==========

</TABLE>



                                        3
<PAGE>

                          SARASOTA BANCORPORATION, INC.
                                 AND SUBSIDIARY

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                 FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND 2001

                                   (UNAUDITED)
<TABLE>
                                                                                                 SIX                        SIX
                                                                                                MONTHS                     MONTHS
                                                                                                 ENDED                      ENDED
                                                                                                6/30/02                    6/30/01
                                                                                              ------------                ----------

CASH FLOWS FROM OPERATING ACTIVITY:
<S>                                                                                           <C>                           <C>
NET INCOME                                                                                    $    780,900                  473,496
ADJUSTMENTS TO RECONCILE NET INCOME TO NET
     NET CASH FLOWS FROM OPERATIONS:

Depreciation and amortization                                                                       24,019                   26,613
Amortization of servicing rights                                                                   106,020                        -
Provision for Loan Losses                                                                          283,800                  153,850
Net change in -
     Accrued Interest Receivable                                                                   (62,809)                 (10,048)
     Foreclosed real estate                                                                              -                    7,200
     Repossessed assets                                                                             34,800                  250,162
     Other assets                                                                                   19,343                  258,342
     Income taxes payable                                                                          (15,061)                 138,299
     Accrued Interest payable and other liabilities                                                 97,656                  (76,610)
                                                                                              ------------                ---------

     NET CASH PROVIDED BY OPERATING ACTIVITIES:                                                  1,268,668                1,221,304
                                                                                              ------------                ---------

CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of investment securities, net                                                          (7,929,250)                 693,884
Purchase of FHLB stock                                                                             (52,400)                       -
Proceeds from maturity of interest-bearing deposit in bank                                         100,000                        -
Net increase in loans                                                                          (10,534,082)              (2,937,258)
Purchase of furniture and equipment                                                                (41,072)                       -
                                                                                              ------------                ---------

     NET CASH USED IN INVESTING ACTIVITIES:                                                    (18,456,804)              (2,243,374)
                                                                                              ------------                ---------

CASH FLOW FROM FINANCING ACTIVITIES:

Net increase in deposits                                                                        11,496,170                2,876,171
Net increase in repurchase agreements                                                            1,246,974                2,063,587
Net increase in FHLB advances                                                                    3,000,000                        -
Proceeds from sale of common stock                                                                   9,991                        -
Purchase of treasury stock                                                                          (9,990)                       -
Proceeds from sale of treasury stock                                                                 3,473                    4,307
                                                                                              ------------                ---------

NET CASH PROVIDED BY FINANCING ACTIVITIES:                                                      15,746,618                4,944,065
                                                                                              ------------                ---------

NET CHANGE IN CASH AND CASH EQUIVALENTS                                                         (1,441,518)               3,921,995

CASH AND CASH EQUIVALENTS BEGINNING OF YEAR                                                      8,580,587                3,975,123
                                                                                              ------------                ---------

CASH AND CASH EQUIVALENTS END OF YEAR                                                         $  7,139,069                7,897,118
                                                                                              ============                =========

Supplemental Disclosure of Cash Flow Information -
     Interest paid                                                                            $  1,896,669                2,797,496
                                                                                              ============                =========

     Income taxes paid                                                                        $    520,911                  208,012
                                                                                              ============                =========
</TABLE>




                                        4
<PAGE>



                          SARASOTA BANCORPORATION, INC.
                                 AND SUBSIDIARY

                    Notes to Financial Statements (Unaudited)
                                  June 30, 2002

Note 1 - Basis of Presentation

     The accompanying financial statements have been prepared in accordance with
accounting  principles  generally  accepted  in the United  States  for  Interim
Financial Statements and with the instructions to Form 10-QSB. Accordingly, they
do not include all the information and footnotes  required by generally accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management,   all  adjustments  (consisting  of  normal  recurring  adjustments)
considered  necessary  for a fair  presentation  have been  included.  Operating
results  for the six  month  period  ended  June 30,  2002  are not  necessarily
indicative of the results that may be expected for the year ending  December 31,
2002. For further  information,  refer to the financial statements and footnotes
thereto  included in the Company's  Form 10-KSB for the year ended  December 31,
2001.

Note 2 - Summary of Organization

     Sarasota  BanCorporation,  Inc.,  Sarasota,  Florida (the  "Company"),  was
incorporated  under the laws of the State of Florida on December 28,  1990,  for
the purpose of becoming a bank  holding  company  with  respect to a proposed de
novo bank, Sarasota Bank (the "Bank"), Sarasota,  Florida. Prior to formation of
the  Company,   the  Company's  organizers  formed  a  partnership  to  commence
organizing a bank holding company.  The partnership was subsequently merged into
the Company as of December  30,  1990.  As a result,  each  organizer's  capital
account in the partnership was exchanged for common stock of the Company and all
assets  of the  partnership  were  contributed  as  capital  to the  Company  in
consideration  of the  issuance  of its  common  stock  to  the  organizers.  On
September  15, 1992,  the  organizers  received  approval from the Office of the
Comptroller of the State of Florida for the  organization of a new state banking
association;  an  approval  was also  received  on May 29, 1992 from the Federal
Reserve Board to form a one-bank  holding  company.  On September 15, 1992,  the
Company  acquired 100% of the Bank's  capital  stock by injecting  $4.25 million
into the Bank's capital accounts.

Note 3 - Significant Accounting Policies

     The accounting and reporting  policies of the Company  conform to generally
accepted accounting principles and to general practices in the banking industry.
The following summarizes the more significant of these policies:

     Investment  Securities.  As of June 30, 2002, no Investment Securities were
     ----------------------
carried as "Held to Maturity."

     Available  for Sale  Securities.  As of June 30, 2002,  the market value of
     -------------------------------
"Available for Sale Securities" was $28,960,119.




                                       5
<PAGE>

     Earnings  Per Share.  Earnings  per share were $0.83 for the quarter  ended
     -------------------
June 30, 2002.  The earnings per share for this quarter may not be indicative of
projected earnings (losses) for the year ending December 31, 2002.

     Income  Taxes.  The Company  will be subject to taxation  whenever  taxable
     -------------
income is  generated.  As of June 30, 2002,  the  provision for income taxes was
$505,850.

     Statement of Cash Flows. The presentation of the statement of cash flows is
     -----------------------
condensed  as  permitted  by  the  Securities  and  Exchange   Commission.   The
classification  of cash  flows  is  consistent  with  the  requirements  of FASB
Statement No. 95.

         Note 4 - Related Parties

     One of the  Company's  directors  serves as legal  counsel for the Company.
Gross fees for these  services  during the six months  ended June 30,  2002 were
$11,376. Another director provides advertising, printing and other miscellaneous
services to the Company. The gross billings,  which include costs passed through
to other companies  providing services to the Company,  were $33,801 for the six
months ended June 30, 2002.  Another director provides  accounting  services for
the Company.  Fees for these  services for the quarter  ended June 30, 2002 were
$1,550.








                                       6
<PAGE>



Item 2.           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
-------           -------------------------------------------------
                       CONDITION AND RESULTS OF OPERATIONS
                       -----------------------------------

     The following  discussion addresses the factors that have affected Sarasota
BanCorporation,  Inc.'s  (the  "Company")  financial  condition  and  results of
operations  reflected in the Company's  unaudited  financial  statements for the
three and six months ended June 30, 2002.

Results of Operations

     The  Company's net income for the second  quarter of 2002 was  $462,500,  a
40.24% increase  compared to $329,800 for the same period in 2001. The Company's
net income for the six-month  period ended June 30, 2002 was $780,900,  a 64.92%
increase  compared  to same  period in 2001.  Earnings  per share were $0.83 and
$1.40 for the second  quarter of 2002 and six-month  period ended June 30, 2002,
respectively compared to $0.59 and $0.85 for the comparable periods in 2001. The
increase in net income and  earnings per share is  primarily  attributable  to a
decrease in interest expense for the three and six-month  periods ended June 30,
2002.

     Interest  on  investment  securities  increased  37.80% and  26.56%,  while
interest  on Federal  Funds sold  decreased  82.50% and 74.74% for the three and
six-month periods ended June 30, 2002, respectively. The decrease in interest on
Federal  Funds sold is  primarily  attributable  to a continued  decrease in the
interest rate  environment.  Interest and fees on loans decreased  $138,400,  or
6.30%, and $412,800,  or 9.34%,  for three and six-month  periods ended June 30,
2002.

     Net  interest  income  after the  provision  for loan losses for the second
quarter of 2002 increased $311,400, or 28.76%, to $1,394,300 from $1,082,900 for
the second  quarter of 2001.  Net interest  income after the  provision for loan
losses for the six months ended June 30, 2002 increased $377,200,  or 17.06%, to
$2,588,200  from  $2,211,000  for the same period in 2001.  The  increase in net
interest  income  resulted   primarily  from  a  decrease  in  interest  expense
associated  with  deposits.  The cost of deposits  averaged 3.05% for the second
quarter  of 2002  compared  to 4.74% for the  second  quarter  of 2001.  The net
interest  margin for the three  months and six  months  ended June 30,  2002 was
4.44% and 4.31% on average earning assets of $134,305,800 and $130,389,200.  For
the same periods in 2001, the net interest margin was 3.76% and 3.75% on average
earning assets of $119,526,800 and $120,530,200,  respectively.  The increase in
net interest  margin  reflects a rapid decrease in the higher cost time deposits
rates and relatively slower change in loan rates.

     Non-interest  expense for the second quarter of 2002 increased $41,650,  or
5.78%, as compared to the second quarter of 2001.  Non-interest  expense for the
six-month period ended June 30, 2002 increased $47,800,  or 3.30% as compared to
the same period in 2001. The increase in  non-interest  expense is primarily the
result of an increase in costs associated with employee salaries and benefits.

     Non-interest income decreased $26,200, or 18.56%, during the second quarter
ended June 30, 2002 as compared  to the same period in 2001.  For the  six-month
period ended June 30, 2002,  non-interest income increased $137,600,  or 238.54%
to $195,200  compared to $57,700  for the same period in 2001.  The  increase in
non-interest  income for the  six-month  period ended June 30, 2002 is primarily
attributable  to a  decrease  in the net  losses  associated  with  the  sale of
repossessed assets.



                                       7
<PAGE>

Financial Condition

     For the  six-month  period  ended June 30,  2002,  the Company  experienced
continued  asset,  loan and deposit  growth.  Total assets  increased  13.35% to
$142,999,900  at June 30, 2002 from  $126,155,600  at December  31,  2001.  This
increase is primarily  attributable to loan growth and an increase in securities
available-for-sale.

     The  allowance for loan loss  provision for the second  quarter of 2002 was
$133,800 compared to $106,750 in the second quarter of 2001. The reserve balance
for loan losses as of June 30, 2002 was  $1,208,300 as compared to $1,241,700 at
December 31, 2001. At June 30, 2002,  the allowance for loan losses  represented
1.14% of total  loans  outstanding  compared  to 1.29%  at  December  31,  2001.
Management  considers the  allowance to be adequate  based upon  evaluations  of
specific loans and the weighting of various loan  categories as suggested by the
Bank's internal loan rating system.  The provision for loan losses is based upon
management's  continuing  analysis and evaluation of various factors,  including
current  economic  conditions,  the size of the loan  portfolio,  past loan loss
experience,  underlying  collateral value, the Bank's internal rating system and
other factors deemed relevant by management.

     Through the second quarter of 2002, there were 50 charged-off  loans in the
aggregate amount of $352,800 and total recoveries of $35,600,  or a net of 0.30%
of total loans outstanding.  The ratio of non-performing  loans (including loans
90 days or more past due) to total  outstanding  loans was  $148,000 or 0.14% of
total loans  outstanding  as of June 30,  2002,  compared to .55% of total loans
outstanding as of the same period in 2001. At December 31, 2001,  non-performing
loans were $551,000 or .57%, of total loans  outstanding.  The Bank also has one
relationship which was recently placed on non-accrual  status. This relationship
consists of five loans and amounted to $1,083,300 as of June 30, 2002.  The Bank
has entered  into a workout  agreement  with regard to this  relationship  in an
effort  to  assist  the  borrower  in  restructuring  certain  financial-related
operations of the borrower's  business.  The anticipated workout period for this
relationship is three years.  There were no other loans past due in excess of 90
days as of June 30, 2002.

Capital Adequacy

     Federal  banking  regulators  have  established  certain  capital  adequacy
standards required to be maintained by banks and bank holding  companies.  These
regulations  establish  minimums of  risk-based  capital of 4% for core  capital
(tier 1  capital),  8% for  total  risk-based  capital,  and at least 3% for the
leverage ratio.  Three percent is the minimum leverage ratio for the most highly
rated  banks.  All other banks are required to meet a minimum of at least 100 or
200 basis points above the 3% level.  The  Company's  tier 1 risk-based  capital
ratio at June 30, 2002 was 8.42%, its total risk-based  capital ratio was 9.43%,
and its leverage ratio was 7.45%.



                                       8
<PAGE>

Liquidity

     The Company views  liquidity as the ability to provide for the credit needs
of the market  and to  provide  funds for  deposit  withdrawals.  With a loan to
deposit ratio of 87.73% at June 30, 2002,  cash and due from banks of $3,255,500
and federal funds sold of $3,883,600, the Company does not anticipate any events
which would require  liquidity  beyond that which is available  through  deposit
growth or its investment  portfolio.  The Company  actively  manages the levels,
types, and maturities of earning assets in relation to the sources  available to
fund  current and future needs to ensure  adequate  funding will be available at
all times.  There are no known trends or any known  commitments or uncertainties
that will result in the  Company's  liquidity  increasing  or  decreasing in any
material way.



Cautionary Note Regarding Forward-Looking Statements

     The Company may,  from time to time,  make written or oral  forward-looking
statements,  including  statements  contained in the Company's  filings with the
Securities  and  Exchange  Commission  and its  reports  to  stockholders.  Such
forward-looking  statements  are made  based on  management's  belief as well as
assumptions made by, and information currently available to, management pursuant
to "safe harbor" provisions of the Private  Securities  Litigation Reform Act of
1995.  The  Company's  actual  results  may differ  materially  from the results
anticipated  in these  forward-looking  statements  due to a variety of factors,
including  governmental  monetary  and fiscal  policies,  deposit  levels,  loan
demand,  loan collateral values,  securities  portfolio values and interest rate
risk  management;  the effects of competition in the banking business from other
commercial  banks,  savings  and  loan  associations,  mortgage  banking  firms,
consumer finance companies, credit unions, securities brokerage firms, insurance
companies,  money market mutual funds and other financial institutions operating
in the Company's  market area and elsewhere,  including  institutions  operating
through the Internet; changes in acquisitions; failure of assumptions underlying
the establishment of reserves for loan losses, including the value of collateral
underlying  delinquent  loans and other factors.  The Company cautions that such
factors  are not  exclusive.  The  Company  does not  undertake  to  update  any
forward-looking  statements  that may be made from time to time by, or on behalf
of, the Company.



                                       9
<PAGE>


                           PART II. OTHER INFORMATION

Item 2.           Changes in Securities
-------           ---------------------

On June 19,  2002 the Company  issued 600 shares of its common  stock to A. Dean
Pratt,  a director  of the  Company,  in  connection  with Mr.  Pratt's  partial
exercise of a common  stock  warrant.  Mr.  Pratt paid the  Company  $9,900 cash
consideration for the exercise of the warrant.  The issuance of these securities
was made in reliance on the exemption from registration provided in Section 4(2)
of the  Securities  Act of 1933, as amended,  as a transaction  by an issuer not
involving a public offering. Mr. Pratt has a pre-existing  relationship with the
Company  and the offer and sale was made  without  any public  solicitation.  No
underwriter was involved in the transaction and no commissions were paid.


Item 4.           SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
-------           ---------------------------------------------------

     The 2002 Annual  Meeting of  Shareholders  of the Company was held on April
16, 2002. At the meeting the following persons were elected as Class I directors
to serve for a term of three  years and until their  successors  are elected and
qualified: James W. Demler, M.D., Edward S. Levi and A. Dean Pratt.

     The results of voting with respect to the election of the Class I directors
were as follows:

                                                        Votes            Votes
                                                         FOR           WITHHELD
                                                       -------         --------
         James W. Demler, M.D.                         403,393          1,300
         Edward S. Levi                                402,893          1,800
         A. Dean Pratt                                 403,393          1,300

     The following persons did not stand for reelection to the Board at the 2002
Annual  Meeting  of  Shareholders  as their term of office  continued  after the
Annual Meeting: Susan M. Baker, Kenneth H. Barr, Timothy J. Clarke, Christine L.
Jennings, Sam D. Norton, Michael R. Pender, Jr., and Gilbert J. Wellman.

     No other matters were presented or voted for at the Annual Meeting.

Item 6.           Exhibits and Reports on Form 8-K
-------           --------------------------------

         (a)      The following exhibit is filed with this report.

                  Exhibit  99.1.  Certification  Pursuant  to Section 906 of the
                  Sarbanes-Oxley Act of 2002.

         (b)      Reports on Form 8-K. No reports on Form 8-K were filed  during
                  the quarter ended June 30, 2002.





                                       10
<PAGE>

                                   SIGNATURES

     Pursuant to the  requirements  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.


                               SARASOTA BANCORPORATION, INC


Dated:   August 8th, 2002      By: /s/ Christine L. Jennings
                               -----------------------------
                                         Christine L. Jennings
                                         President and Chief Executive Officer
                                         (Principal Executive Officer)




Dated:   August 8th, 2002      By: /s/ Susan K. Flynn
                               -----------------------------
                                         Susan K. Flynn
                                         Vice  President  and  Chief  Financial
                                         Officer  (Principal  Financial  and
                                         Accounting Officer)







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<PAGE>


                                  EXHIBIT INDEX

Exhibit No.       Description
-----------       -----------

   99.1           Certification  Pursuant to Section  906 of the  Sarbanes-Oxley
                  Act of 2002





















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