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, 2000                                           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 Last
                                    Report)

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                                559,140
 --------------------------------                  ----------------------------
           Class                                   Outstanding at August 9, 2000

Transitional Small Business Disclosure Format (Check One):

Yes            No    X
    ------        ------

                                -1-

<PAGE>
                      PART I. FINANCIAL INFORMATION
Item 1.  Financial Statements

                          SARASOTA BANCORPORATION, INC.
                                 AND SUBSIDIARY

                           CONSOLIDATED BALANCE SHEETS
                       JUNE 30, 2000 AND DECEMBER 31, 1999
                                   (UNAUDITED)
<TABLE>
<CAPTION>
ASSETS                                                     June 30, 2000             December 31, 1999
---------------------------------------------------    ---------------------         -----------------

<S>                                                       <C>                                <C>
Cash and Due From Banks                                   $        2,185,000                  3,499,503
Federal Funds Sold                                                 4,970,000                    535,000
Securities held to maturity                                                -                          -
Securities available for sale                                     18,392,961                 17,659,424
Loans (Net)                                                       80,846,396                 71,234,573
Accrued interest receivable                                          635,358                    560,533
Foreclosed real estate                                               246,697                     57,273
Repossesed assets                                                          -                    423,583
Furniture and equipment,net                                          332,453                    355,233
Deferred income taxes                                                631,123                    582,286
Other assets                                                          38,389                    282,440
                                                          ------------------       --------------------

     TOTAL ASSETS:                                        $      108,278,377                 95,189,848
                                                          ==================       ====================

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

LIABILITIES:

Demand deposits                                           $        9,872,997                  9,702,466
NOW and money market deposits                                     31,885,138                 28,613,750
Savings deposits                                                     723,396                    837,752
Other time deposits                                               54,799,203                 46,616,740
                                                          ------------------       --------------------
  Total deposits                                                  97,280,734                 85,770,708
                                                          ------------------       --------------------

Repurchase agreements                                              3,290,017                  2,157,832
Income taxes payable                                                    -                        59,300
Accrued interrest payable                                            231,647                    200,372
Other liabilities                                                    137,689                    159,407
                                                          ------------------       --------------------

  TOTAL LIABILITIES:                                             100,940,087                 88,347,619

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 559,140 shares                                        5,591                      5,591
Additional Paid-In Capital                                         5,588,927                  5,588,927
Treasury stock, at cost                                              (12,332)                   (18,839)
Retained earnings (deficit)                                        2,360,773                  1,788,063
Net unrealized appreciation on                                      (604,669)                  (521,513)
         available-for-sale securities (net)              -------------------      --------------------

     TOTAL STOCKHOLDERS' EQUITY:                                   7,338,290                  6,842,229
                                                          ------------------       --------------------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY:          $      108,278,377                 95,189,848
                                                          ==================       ====================
</TABLE>

REFER TO NOTES TO THE FINANCIAL STATEMENTS

                                       2
<PAGE>
<TABLE>
                          SARASOTA BANCORPORATION, INC.
                                SARASOTA, FLORIDA

                      CONSOLIDATED STATEMENTS OF OPERATIONS
           FOR THE THREE MONTHS ENDED JUNE 30, 2000 AND JUNE 30, 1999
            FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND JUNE 30, 1999
                                   (UNAUDITED)

                                                THREE MONTHS               THREE MONTHS         SIX MONTHS        SIX MONTHS
                                                   ENDED                      ENDED               ENDED             ENDED
                                                  6/30/00                    6/30/99             6/30/00           6/30/99
                                            ---------------------      -------------------   ----------------   --------------
INTEREST INCOME:
<S>                                         <C>                                  <C>                <C>             <C>
Interest and Fees on Loans .............    $           1,908,290                1,571,621          3,729,507       2,967,651
Interest on Federal Funds Sold .........                   62,583                   48,608            122,559         126,760
Interest on Investment Securities ......                  333,981                  291,911            631,760         559,496
                                            ---------------------      -------------------   ----------------   -------------

     TOTAL INTEREST INCOME: ............                2,304,854                1,912,140          4,483,826       3,653,907

INTEREST EXPENSE:

Interest on Deposits ...................                1,150,278                  797,438          2,189,035       1,562,860
Interest on Borrowings .................                   --                       24,524             12,836          38,843
Interest on Repurchase agreements ......                   47,664                   46,028             78,665          81,652
                                            ---------------------      -------------------   ----------------   -------------

     TOTAL INTEREST EXPENSE: ...........                1,197,942                  867,990          2,280,536       1,683,355
                                            ---------------------      -------------------   ----------------   -------------

     NET INTEREST INCOME: ..............                1,106,912                1,044,150          2,203,290       1,970,552

Provision For Possible Loan Losses .....                  102,000                   78,000            146,600         124,100
                                            ---------------------      -------------------   ----------------   -------------

     NET INTEREST INCOME (LOSS) AFTER
         PROVISION FOR POSSIBLE LOAN LOSSES:            1,004,912                  966,150          2,056,690       1,846,452

OTHER OPERATING INCOME:

Service Charges on Deposit Accounts ....                   62,872                   55,643            114,024          96,960
Other Fees and Other Income ............                   74,912                   48,184            178,566          81,498
                                            ---------------------      -------------------   ----------------   -------------

     NET OTHER OPERATING INCOME: .......                  137,784                  103,827            292,590         178,458

OPERATING EXPENSES:

Salaries and employee benefits .........                  242,251                  234,590            495,683         476,480
Occupancy ..............................                   92,334                   89,639            172,570         192,232
Loan costs .............................                  155,993                  129,172            317,281         239,556
Data processing ........................                   52,377                   47,745            102,571          69,406
Professional Fees ..........................               56,416                   45,144            105,065          90,787
Other ......................................              123,248                   95,067            226,125         181,898
                                            ---------------------      -------------------   ----------------   -------------

     TOTAL OTHER OPERATING EXPENSES: .......              722,619                  641,357          1,419,295       1,250,359
                                            ---------------------      -------------------   ----------------   -------------

     INCOME BEFORE TAXES ...................              420,077                  428,620            929,985         774,551

     PROVISION FOR TAXES ...................              159,175                  160,500            357,275         285,500
                                            ---------------------      -------------------   ----------------   -------------

     NET INCOME (LOSS) .....................$             260,902                  268,120            572,710         489,051
                                            ---------------------      -------------------   ----------------   -------------

INCOME (LOSS) PER SHARE ....................                 0.47                     0.48               1.02            0.87
                                            ---------------------      -------------------   ----------------   -------------
REFER TO NOTES TO THE FINANCIAL STATEMENTS
</TABLE>
                                       3
<PAGE>
                          SARASOTA BANCORPORATION, INC.
                                 AND SUBSIDIARY

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
            FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND JUNE 30, 1999

                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                                  SIX MONTHS      SIX MONTHS
                                                                                     ENDED           ENDED
                                                                                    6/30/00        6/30/99
                                                                                  ------------    ------------
CASH FLOWS FROM OPERATING ACTIVITY:

<S>                                                                               <C>                  <C>
NET INCOME (LOSS) ..........................................................      $    572,710         489,051
ADJUSTMENTS TO RECONCILE NET LOSS TO NET
     CASH FLOWS FROM OPERATIONS:

Depreciation ...............................................................            22,781          31,602
Provision for Loan Losses ..................................................           146,600         124,100
Net accretion/amortization on securities ...................................              --              --
Deferred tax (benefit) expense .............................................           (48,837)           --
(Increase) Decrease in Accrued Interest Receivable .........................           (74,825)        (53,163)
(Increase) Decrease in A/R-employee stock purchase .........................              --              --
(Increase)Decreased in Foreclosed real estate ..............................          (189,424)          7,200
(Increase)Decrease in repossesed assets ....................................           423,583            --
(Increase)Decrease in other assets .........................................           244,050           1,446
(Decrease)Increase in repurchase agreements ................................         1,132,185       1,547,050
(Decrease)Increase in income taxes payable .................................           (59,300)           --
(Decrease)Increase in accrued interest payable and other liabilities .......             9,557        (233,943)
                                                                                  ------------    ------------

     NET CASH USED IN OPERATING ACTIVITIES: ................................         2,179,080       1,913,343
                                                                                  ------------    ------------
CASH FLOW FROM INVESTING ACTIVITIES:

Purchase of investment securities, Net .....................................          (816,693)       (631,602)
Purchase of furniture & equipment ..........................................             --            (14,625)
Increase in Loans, Net .....................................................        (9,758,423)    (11,985,550)
                                                                                  ------------    ------------

NET CASH USED IN INVESTING ACTIVITIES: .....................................       (10,575,116)    (12,631,777)
                                                                                  ------------    ------------

CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds from sale of treasury stock .......................................             6,507            --
Net Increase in Deposits ...................................................        11,510,026      11,124,731
                                                                                  ------------    ------------

NET CASH PROVIDED BY FINANCING ACTIVITIES: .................................        11,516,533      11,124,731
                                                                                  ------------    ------------

NET INCREASE (DECREASE) IN CASH: ...........................................         3,120,497         406,297

CASH AS BEGINNING OF PERIOD: ...............................................         4,034,503       5,266,115
                                                                                  ------------    ------------

CASH AT END OF PERIOD: .....................................................         7,155,000       5,672,412
                                                                                  ============    ============

Supplemental Disclosure of Cash Flow Information -
    Cash Paid During The Period For Interest: ..............................     $   2,280,536       1,683,355
                                                                                  ============    ============

REFER TO NOTES TO THE FINANCIAL STATEMENTS
</TABLE>
                                       4
<PAGE>

                            SARASOTA BANCORPORATION, INC.
                                   AND SUBSIDIARY

                      Notes to Financial Statements (Unaudited)
                                    June 30, 2000


Note 1 - Basis of Presentation

         The accompanying  financial statements have been prepared in accordance
with generally accepted accounting  principles 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 accruals) considered necessary for a
fair presentation have been included. Operating results for the six month period
ended June 30, 2000 are not  necessarily  indicative  of the results that may be
expected for the year ending December 31, 2000. For further  information,  refer
to the financial  statements and footnotes  thereto  included in Form 10-KSB for
the year ended December 31, 1999.

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  organizers'  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  and  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:



















                                       5
<PAGE>

     Investment Securities. As of June 30, 2000, no Investment Securities were
carried as "Held  to Maturity."

     Available  for Sale  Securities.  As of June 30, 2000,  the market value of
"Available for Sale Securities" was $18,392,961.

     Organizational  Costs. In accordance with FASB Statement No. 7, the Company
and the subsidiary  Bank  capitalized all direct costs that were incurred in the
expectation  that they would  generate  future  revenues and  otherwise  benefit
periods after the subsidiary Bank opened for business.  These capitalized costs,
or  organizational  costs,  are amortized  over a  sixty-month  period using the
straight  line  method.   As  of  June  30,  2000,  there  were  no  unamortized
organizational costs.

     Earnings Per Share.  Earnings per share was $ .47 for the quarter ended
June 30, 2000 and may not be indicative of projected  earnings  (losses) for the
year ending December 31, 2000.

     Income  Taxes.  The Company  will be subject to taxation  whenever  taxable
income is generated.  As of June 30, 2000, the provision for taxes is $357,275.

     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,  2000 was
$9,504.  This amount includes sums paid by the Bank to this firm as well as sums
paid by bank  customers  and cost  advances.  Another  director  of the  Company
provides advertising,  printing and other miscellaneous services to the Company.
The gross  billing,  which  includes  costs  passed  through to other  companies
providing services to the Company, was $45,527 for the six months ended June 30,
2000. Another director provides  accounting  services for the Company.  Fees for
these services for the six months ended June 30, 2000 were $923.

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 as reflected in the Company's unaudited financial  statements for the
second quarter ended June 30, 2000.

Results of Operations

     The  Company's net income for the second  quarter of 2000 was  $260,900,  a
2.69%  decrease  compared to $268,100 for the same period in 1999.  Earnings per












                                       6
<PAGE>

share  decreased  to $0.47 in the second  quarter of 2000  compared to $0.48 per
share for the same period in 1999.  Net income for the six months ended June 30,
2000 was $572,700  compared to $489,100 for the same period in 1999, an increase
of $83,600 or 17.09%.  The decrease in net income for the second quarter of 2000
is primarily  attributable  to a $24,000 or 30.77% increase in the provision for
loan  losses.  The increase in net income for the six months ended June 30, 2000
was primarily  attributable  to a $761,900 or a 25.67%  increase in interest and
fees on loans.

         Net  interest  income  after  provision  for loan losses for the second
quarter of 2000 increased  $38,800,  or 4.02%,  to $1,004,900  from a balance of
$966,100 for the second quarter of 1999. Net interest income after provision for
loan  losses  for the six months  ended June 30,  2000  increased  $210,200,  or
11.38%,  to $2,056,700 from a balance of $1,846,500 for the same period in 1999.
The increases in net interest income resulted primarily from an increase in loan
volume and a corresponding  increase in interest and fees on loans.  The cost of
deposits averaged 4.77% for the second quarter of 2000 compared to 4.18% for the
second  quarter of 1999.  The net  interest  margin for the six months and three
months  ended  June 30,  2000 was 4.30% and 4.16% on average  earning  assets of
$98,889,700 and $102,293,400,  respectively,  for the periods stated.  For these
same periods in 1999, the net interest margin was 4.58% and 4.73%, respectively,
on average  earning assets of $83,451,300  and  $85,544,900,  respectively.  The
decrease  in net  interest  margin is  reflective  of  growth  in higher  priced
interest bearing liability accounts.

         Non-interest  expense for the second quarter of 2000 increased $81,300,
or 12.68%,  as  compared  to the second  quarter of 1999.  Non-interest  expense
increased  $168,900,  or 13.51%, for the six-month period ended June 30, 2000 as
compared to the same period of 1999.  This  increase is primarily  the result of
increased loan costs, data processing fees and professional service fees.

         Non-interest  income increased  $34,000,  or 32.76 %, during the second
quarter ended June 30, 2000 as compared to the same period in 1999. Non-interest
income also increased  $114,100,  or 63.95%, for the six-month period ended June
30, 2000 as compared to the same period in 1999.  The  increase in  non-interest
income is attributable to increased service fees on depository  accounts as well
as increased income from "Business Manager",  an accounts receivable program now
offered by the Bank.

Financial Condition

         For the six month period ended June 30, 2000,  the Company  experienced
continued  asset,  loan and deposit  growth.  Total assets  increased  13.75% to
$108,278,400  for the six month period ended June 30, 2000 from  $95,189,800  at
December 31, 1999.  This  increase is primarily  attributable  to an increase in
loans of approximately $9.6 million and an increase in securities  available for
sale of approximately  $730,000 during this period. Federal Funds sold increased
during the six months ended June 30, 2000 by $4.4 million as a result of deposit
growth experienced during the period.











                                       7
<PAGE>

         The allowance for loan loss provision for the second quarter of 2000
was  $102,000  compared  to $78,000 in the second  quarter of 1999.  The reserve
balance for loan losses as of June 30, 2000 was $888,100 as compared to $773,500
at  December  31,  1999.  At June  30,  2000,  the  allowance  for  loan  losses
represented 1.09% of total loans outstanding. 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 2000,  charged-off  loans totaled $37,000
with  recoveries of $5,000,  or a net of 0.04% of total loans  outstanding.  The
ratio of  non-performing  loans  (including  loans 90 days or more  past due) to
total outstanding loans was $555,900,  or 0.68%, as of June 30, 2000 compared to
0.37% as of the same period in 1999.  As of December  31,  1999,  non-performing
loans  were  $291,500,   or  0.44%,  of  loans  outstanding.   The  increase  in
non-performing loans as compared to December 31, 1999 is primarily  attributable
to consumer  loans past due from 30 to 90 days.  There were no performing  loans
past due in excess of 90 days as of June 30, 2000.

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),  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, 2000 was 9.41%, its total risk-based  capital ratio was 10.46%,  and
its leverage ratio was 7.98%.

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 83.08% at June 30, 2000,  cash and due from banks of $2,185,000
and federal funds sold of $4,970,000, 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.
















                                       8
<PAGE>

                             PART II. OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders.

         The 2000 Annual Meeting of Shareholders of the Company was held on
April 18, 2000.  At the meeting the following persons were  elected  as Class II
directors  to serve for a term of three  years and until  their  successors  are
elected and qualified: Susan M. Baker, Kenneth H. Barr and Gilbert J. Wellman.

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

                                        Votes                    Votes
                                         FOR                   WITHHELD
                                        -----                  --------
               Susan M. Baker          416,302                     0
               Kenneth H. Barr         416,302                     0
               Gilbert J. Wellman      416,302                     0



         The following persons did not stand for reelection to the Board at the
2000 Annual Meeting of Shareholders as their term of office  continued after the
Annual Meeting: Timothy J. Clarke, James W. Demler, M.D., Christine L. Jennings,
Edward S. Levi, Sam D. Norton, Michael R. Pender, Jr., and A. Dean Pratt.

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

                   27               Financial Data Schedule (for SEC use only)

         (b)  Reports on Form 8-K   No reports on Form 8-K were filed during the
                                    quarter ended June 30, 2000.














                                       9
<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 10, 2000    By:   /s/ Christine L. Jennings
                                 ----------------------------
                                       Christine L. Jennings
                                       President (Principal Executive Officer)



                            By:  /s/ Susan K. Flynn
                                 ----------------------------
                                     Susan K. Flynn
                                     Senior Vice President and
                                     Chief Financial Officer
                                    (Principal Financial and Accounting Officer)




















                                       10