UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              450 5TH STREET, N.W.
                             WASHINGTON, D. C. 20549



                                   FORM 10-QSB

     (Mark  One) X  QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 1999

                                       OR

 __ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

For the transition period from           to          Commission File No. 0-23571


                            PROGRESSIVE BANCORP, INC.
             (Exact name of registrant as specified in its charter)


           Delaware                                             36-4178818
          -----------                                          ------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

601-617 Court Street, Pekin, Illinois                            61554
-------------------------------------                           -------
(Address of principal executive office)                         (Zip Code)


Registrant's telephone number, including area code (309)-347-5101
                                                    -------------

Not applicable
-----------------------------------------------------------------
(Former name,former address and former fiscal year, if changedsince last report)


     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the  Securities  Exchange Act of
1934  during  the  preceding  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 .

     Indicate the number of shares outstanding of the issuer's classes of common
stock, as of the latest practicable date.


                     Class                         Outstanding December 31, 1999
               ----------------                    -----------------------------
Common Stock, par value $.01per share                           174,473


<PAGE>


                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES



                                      INDEX


                                                                         Page
PART I.   FINANCIAL INFORMATION

         Item 1.      Financial Statements

                     Condensed Consolidated Balance Sheets as of
                        December 31, 1999 (Unaudited) and
                        September 30, 1999................................. ...1

                      Condensed Consolidated Statements of Income
                        (Unaudited) for the Three months ended
                         December 31, 1999 and 1998............................2

                      Condensed Consolidated Statements of Cash Flows
                        (Unaudited) for the Three months ended
                         December 31, 1999 and 1998............................4

                      Notes to Condensed Consolidated Financial Statements.....5

         Item 2.      Management's Discussion and Analysis of Financial
                         Condition and Results of Operations...................6


PART II.  OTHER INFORMATION
<PAGE>



                          PART I. FINANCIAL INFORMATION

                          Item 1. Financial Statements

                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                        (In Thousands, Except Share Data)



<TABLE>

<CAPTION>
                                                                                 December 31,
                                                                                     1999           September 30,
                                                                                  (Unaudited)           1999
                                                                                 ------------       -------------
                                     Assets
<S>                                                                              <C>               <C>

Cash and amounts due from banks                                                   $    1,697        $    1,714
Interest-bearing deposits                                                              3,740             2,655
Money market investments and investment securities:
     Held-to-maturity, at amortized cost (estimated fair
         value of $2,224 and $2,244, respectively)                                     2,271             2,270
     Available-for-sale, at fair value                                                12,024            11,738
Mortgage-backed securities:
     Held-to-maturity, at amortized cost (estimated fair
         value of $548 and $842, respectively)                                           544               835
     Available-for-sale, at fair value                                                 8,779             9,207
Loans receivable, net of allowance for loan loss of
     $243 and $239, respectively                                                      64,122            63,054
Other assets                                                                           2,843             2,737
                                                                                 -----------         ----------


Total assets                                                                     $   96,020          $   94,210
                                                                                 ==========          ==========


                      LIABILITIES AND STOCKHOLDERS' EQUITY

Deposits                                                                         $    78,661         $  75,311
Borrowed funds                                                                        10,000            11,500
Accrued expenses and other liabilities                                                 1,069             1,045
                                                                                  ----------        ----------

                  Total liabilities                                                   89,730            87,856
                                                                                  ----------        ----------

Stockholders' equity:
     Serial preferred stock, $.10 par value, 50,000 shares
         authorized, no shares issued and outstanding                                     -                 -
     Common stock, $.01 par value, 250,000 shares authorized,
         174,473 shares issued at December 31, 1999 and
         September 30, 1999                                                                2                 2
     Paid-in surplus                                                                   1,430             1,430
     Retained earnings, substantially restricted                                       6,865             6,722
     Accumulated other comprehensive loss, net of taxes                                 (707)             (500)
                                                                                  ----------        ----------
                                                                                       7,590             7,654
     Treasury stock, 25,000 shares at cost                                            (1,300)           (1,300)
                                                                                  ----------        ----------

                  Total stockholders' equity                                           6,290             6,354
                                                                                  ----------        ----------


TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                        $   96,020        $   94,210
                                                                                  ==========        ==========

</TABLE>

See accompanying notes to condensed consoldiated financial statements

                                       1

<PAGE>




                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                  (In Thousands, Except Income Per Share Data)

                                   (Unaudited)

<TABLE>

<CAPTION>

                                                                                          Three Months Ended
                                                                                             December 31,
                                                                                          1999              1998
                                                                                         -----              -----
<S>                                                                                  <C>                    <C>

Interest income
     Loans receivable:
         First mortgage loans                                                        $        965    $         927
         Other loans                                                                          290              284
     Mortgage-backed securities                                                               154              110
     Interest-bearing deposits                                                                 50               49
     Money market investments and investment securities                                       238              174
                                                                                     ------------    -------------

                  Total interest income                                                     1,697            1,544
                                                                                     ------------    -------------


INTEREST ON DEPOSITS                                                                          937              884


INTEREST ON BORROWED FUNDS                                                                    145              138
                                                                                     ------------    -------------

                  Total interest expense                                                    1,082            1,022
                                                                                     ------------    -------------

                  Net interest income                                                         615              522


PROVISION FOR LOAN LOSSES                                                                       5                4
                                                                                     ------------    -------------

                  Net interest income after provision
                      for loan losses                                                         610              518
                                                                                     ------------    -------------


NONINTEREST INCOME
     Travel agency fees, net of direct costs                                                   49               56
     Net gain on sales of loans held-for-sale                                                   7               -
     Loan origination fees                                                                     24               35
     Other                                                                                     89               69
                                                                                     ------------    -------------

                  Total noninterest income                                                    169              160
                                                                                     ------------    -------------


NONINTEREST EXPENSE
     Compensation and benefits                                                                306              279
     Other operating expenses                                                                 251              307
                                                                                     ------------    -------------

                  Total noninterest expense                                                   557              586
                                                                                     ------------    -------------
</TABLE>


                                       2

<PAGE>




                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                  (In Thousands, Except Income Per Share Data)

                                   (Unaudited)

<TABLE>

<CAPTION>

                                                                                          Three Months Ended
                                                                                             December 31,
                                                                                          1999            1998
                                                                                          ----            ----
<S>                                                                                 <C>              <C>

                  Income before income taxes and
                      cumulative effect of change
                      in accounting principle                                        $        222    $         92


INCOME TAXES                                                                                   79              34
                                                                                     ------------     -----------

                  Income before cumulative effect of
                      change in accounting principle                                          143              58


CUMULATIVE EFFECT ON PRIOR YEARS
     (TO SEPTEMBER 30, 1998) OF EXPENSING
     ORGANIZATIONAL COSTS AS INCURRED,
     NET OF INCOME TAXES OF $21                                                                -               33
                                                                                     ------------    ------------


NET INCOME                                                                           $        143    $         25
                                                                                     ============    ============


BASIC INCOME PER SHARE
     Before cumulative effect of accounting change                                   $        .96    $        .39
     Accounting change                                                                         -            (.22)
                                                                                     ------------    ------------

     Basic income per share                                                          $        .96    $        .17
                                                                                     ============    ============


DILUTED INCOME PER SHARE
     Before cumulative effect of accounting change                                   $        .93    $        .37
     Accounting change                                                                         -            (.21)
                                                                                     ------------    ------------

     Diluted income per share                                                        $        .93    $        .16
                                                                                     ============    ============


WEIGHTED AVERAGE NUMBER OF COMMON
     SHARES OUTSTANDING
         Basic                                                                            149,473         149,473
                                                                                     ============    ============

         Diluted                                                                          153,850         154,712
                                                                                     ============    ============
</TABLE>

                      See accompanying notes to condensed consolidated financial
statements.

                                        3

<PAGE>

                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (In Thousands)

                                   (Unaudited)
<TABLE>

<CAPTION>


                                                                                           Three Months Ended
                                                                                              December 31,
                                                                                           1999           1998
                                                                                           ----           ----
<S>                                                                                  <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITES
     Net cash provided by (used in) operating activities                               $      133      $     (20)
                                                                                       ----------      ----------


CASH FLOWS FROM INVESTING ACTIVITIES
     Principal received on mortgage-backed securities                                         634             816
     Proceeds from the maturity of investment securities                                       -            2,000
     Purchase of investment securities                                                       (500)        (1,997)
     Purchase of mortgage-backed securities                                                    -            (492)
     Net (increase) decrease in loans receivable                                           (1,073)             47
                                                                                       ----------      ----------

                  Net cash provided by (used in) investing
                      activities                                                             (939)           374
                                                                                       ----------      ---------


Cash flows from financing activities
     Net increase in deposits                                                               3,350          2,079
     Proceeds from FHLB advances                                                              500             -
     Repayment of FHLB advances                                                            (2,000)            -
     Other                                                                                     24            198
                                                                                       ----------      ---------

                  Net cash provided by financing activities                                 1,874          2,277
                                                                                       ----------      ---------


NET INCREASE IN CASH AND CASH EQUIVALENTS                                                   1,068          2,631


CASH AND CASH EQUIVALENTS AT BEGINNING
     OF PERIOD                                                                              4,369          3,947
                                                                                       ----------     ----------


CASH AND CASH EQUIVALENTS AT END OF PERIOD                                             $    5,437      $   6,578
                                                                                       ==========      =========


SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
 Cash paid during the periods for:
         Interest on deposits and borrowed funds                                       $    1,086      $   1,022
                                                                                       ==========      =========
         Income taxes, net of refunds                                                  $       58      $     194
                                                                                       ==========      =========


SUPPLEMENTAL DISCLOSURES ON NONCASH
     INVESTING ACTIVITIES
     Transfers from loans to real estate acquired through
         foreclosure                                                                   $       -       $      57
                                                                                       ==========      =========
</TABLE>


     See accompanying notes to condensed consolidated financial
statements.

                                       4

<PAGE>



                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

                                   (Unaudited)


NOTE 1 - BASIS OF PRESENTATION

The  Company's  unaudited  consolidated  financial  statements  were prepared in
accordance with the instructions for Form 10-QSB and, therefore,  do not include
information  or footnotes  necessary  for a complete  presentation  of financial
position,  results of  operations,  and cash flows in conformity  with generally
accepted  accounting  principles.  In the opinion of  management of the Company,
however,   the  consolidated   financial   statements  reflect  all  adjustments
(consisting of only normal  recurring  accruals)  which are necessary to present
fairly the  consolidated  financial  position  and the  consolidated  results of
operations of the Company.  The consolidated results of operations for the three
month periods ended December 31, 1999 and 1998 are not necessarily indicative of
the results which may be expected for an entire year.


NOTE 2 - EARNINGS PER COMMON SHARE

Basic earnings per share is computed  based upon the weighted  average number of
common  shares  outstanding  during  the  period.  Diluted  income  per share is
computed based upon the weighted average number of shares outstanding during the
period plus the shares that would be  outstanding  assuming  the exercise of the
dilutive stock options.


NOTE 3 - YEAR 2000 COMPLIANCE

Like most  entities,  the Company and its  subsidiaries  may be exposed to risks
associated  with  Year 2000  dating  problems.  This  problem  affects  computer
software and hardware; transactions with customers, vendors, and other entities;
and equipment  dependent on microchips.  The Company  recognizes  that Year 2000
dating  problems  pose a risk  beyond  January  1, 2000 as errors may not become
evident until after that date. The Company has performed the  remediation  steps
it believes  necessary to address Year 2000 dating problems.  It is not possible
for any entity to  guarantee  the results of its own  remediation  efforts or to
accurately predict the impact of Year 2000 dating problems on third parties with
which the Company does business.  If remediation efforts of the Company or third
parties with which it does business are not successful,  it is possible the Year
2000 dating problem could negatively impact the Company's consolidated financial
condition  and  results  of  operations.   The  Company  does  not  believe  any
significant Year 2000 dating problems have occurred.


NOTE 4 - COMPREHENSIVE INCOME

Total  comprehensive  income  (loss),  which was comprised of net income and net
change  in  unrealized  gain  (loss)  on  available-for-sale   securities,   was
approximately $(64,000) and $49,000 for the three months ended December 31, 1999
and 1998, respectively.


                                       5
<PAGE>


                 Item 2. Management's Discussion and Analysis of
                  Financial Condition and Results of Operations


FINANCIAL CONDITION

Total assets  increased  $1.8 million or 1.9 percent from  September 30, 1999 to
December  31, 1999.  Interest-bearing  deposits  increased  $1.1 million or 40.9
percent  from  September  30, 1999 to December  31,  1999.  All  mortgage-backed
securities decreased $719,000 or 7.2 percent from September 30, 1999 to December
31, 1999. Loans receivable,  net, increased $1.1 million or 1.7 percent for this
period.  Deposits  increased $3.4 million or 4.5 percent from September 30, 1999
to December  31, 1999  resulting  from the  offering of  certificate  of deposit
products at premiums to attract and retain  deposits.  Borrowed funds  decreased
$1.5 million or 13.0 percent from  September 30, 1999 to December 31, 1999.  The
Company used part of its deposit flows increase to repay  outstanding  overnight
borrowed funds. Also, a portion of the increase was used to fund mortgage loans.
With  interest  rates  increasing,  borrowers  elected to close loans before any
further increases might price them out of the market,  resulting in the increase
to net loans receivable.


CAPITAL

Total equity  decreased  $64,000 or 1.0 percent to $6.3 million during the three
months ended December 31, 1999. Total equity includes $707,000 in net unrealized
losses on available-for-sale  securities, net of taxes at December 31, 1999. The
Company has elected to carry the majority of its  investment  securities  in the
"available-for-sale"  category. The recent increase in interest rates has caused
the value of these investments to decrease.  The Company intends to allocate the
proceeds of sales of  investment  securities  to higher  yielding  mortgage  and
commercial  loans as demand for such loans and market  conditions  dictate.  The
FDIC requires that the Company meet minimum amounts and ratios of total and Tier
I Capital (as defined in the regulations) to risk-weighted  assets (as defined),
and Tier I Capital (as defined) to average  assets (as defined).  As of December
31,  1999,  the Company  had total  capital of $7.2  million or 17.7  percent of
risk-weighted  assets  and Tier I Capital  of $7.0  million  or 17.1  percent of
risk-weighted  assets or 7.5 percent of average assets. As of December 31, 1999,
the Company was in full compliance with all three minimum capital requirements.


LIQUIDITY

FDIC regulations require that savings banks maintain an average daily balance of
liquid assets (cash, certain time deposits, bankers' acceptances,  and specified
United States  Government,  state,  or federal  agency  obligations)  equal to a
monthly average of not less than 5 percent of its net withdrawable deposits plus
short-term  borrowing.  At December 31, 1999,  the Company's  average  liquidity
position  was $18.6  million or 22.5 percent  compared to $15.3  million or 19.4
percent at September 30, 1999. The Company adjusts its liquidity levels in order
to meet  funding  needs for  deposit  outflows,  payment  of real  estate  taxes
escrowed on mortgage loans, repayment of borrowings,  when applicable,  and loan
commitments.  The Company also  adjusts  liquidity  as  appropriate  to meet its
asset, liability, and management objectives.


                                       6
<PAGE>


                              RESULTS OF OPERATIONS


INTEREST INCOME

Interest  income  increased  9.9 percent or $153,000  for the three months ended
December 31, 1999,  compared to the three  months ended  December 31, 1998.  The
increase  in  interest  income for the three  months  ended  December  31,  1999
reflected an increase in average  interest-earnings assets to $92.2 million from
$84.5  million for a 9.1 percent  increase or $7.7  million for the three months
ended  December 31, 1999,  compared to the three months ended December 31, 1998.
The average  yields on  interest-earnings  assets of 7.59  percent for the three
months ended December 31, 1999 was unchanged from the 7.59 percent for the three
months ended December 31, 1998.


INTEREST EXPENSE

Interest  expense  increased  5.9 percent or $60,000 for the three  months ended
December 31, 1999,  compared to the three  months ended  December 31, 1998.  The
increase  was due to an  increase  in average  deposits  of 9.5  percent or $6.7
million from $70.7 million to $77.4 million.  Average  borrowed funds  increased
$900,000 or 9.5 percent to $10.4 million for the three months ended December 31,
1999,  compared to $9.5 million for the three  months  ended  December 31, 1998.
Helping to offset this  increase,  the average cost of the deposits and borrowed
funds  decreased  to 4.89  percent  from 5.09 percent for the three months ended
December 31, 1999,  compared to the three  months ended  December 31, 1998.  The
Company  continues  to offer  "Certificate  Specials" at premiums to attract and
retain  deposits.  This  limits  higher  rates  being paid on all the  Company's
deposit and certificate accounts.


NET INTEREST INCOME

Net interest income increased 17.8 percent or $93,000 for the three months ended
December 31, 1999,  compared to the three  months ended  December 31, 1998.  The
Company had an increase in mortgage loan  originations even as mortgage interest
rates  increased for the three months ended  December 31, 1999,  compared to the
three months ended December 31, 1998. Refinances of existing mortgages decreased
because of higher mortgage  interest rates for the respective three months ended
December 31, 1999 and  December  31,  1998.  This helped to maintain the overall
mortgage  portfolio  yield.  Also,  increases in the  balances of other  earning
assets,  mortgage-backed securities, and money market investments and investment
securities,  at higher interest rates, helped to maintain the Company's interest
rate spread. The Company, by offering  "Certificate  Specials," has been able to
reduce  the cost of  deposits  and  borrowed  funds for the three  months  ended
December 31, 1999,  compared to the three  months ended  December 31, 1998.  The
above factors  contributed to the increase in the Company's net interest  spread
to 2.70 percent from 2.50 percent for the comparable three months ended December
31, 1999 and December 31, 1998.


                                       7
<PAGE>


PROVISION FOR LOAN LOSSES

The provision for loan losses was $5,000 for the three months ended December 31,
1999,  compared  to  $4,000  for the  three  months  ended  December  31,  1998.
Provisions  for losses on first  mortgage loans and real estate sold on contract
are charged to operations  when the loss becomes  probable and estimable,  based
upon the  Bank's  past loan loss  experience,  known  and  inherent  risk in the
portfolio,  estimated  values of the  underlying  collateral,  and  current  and
prospective economic conditions. In addition, various regulatory agencies, as an
integral  part of their  examination  process,  periodically  review  the Bank's
allowance  for loan  losses.  Such  agencies  may require the Bank to  recognize
additions  to  the  allowance  for  loan  losses  based  on  their  judgment  of
information available to them at the time of their examination.


NONINTEREST INCOME

Noninterest  income  increased  5.6 percent or $9,000 for the three months ended
December 31, 1999, as compared to the three months ended  December 31, 1998. Net
gains on sales of loans  held-for-sale  were $7,000 for the three  months  ended
December 31, 1999,  compared to no gain for the three months ended  December 31,
1998. Because of the decrease in loan refinances,  loan origination fees for the
three months ended December 31, 1999 were $11,000 less than for the three months
ended December 31, 1998.


NONINTEREST EXPENSE

Noninterest  expense decreased 4.9 percent or $29,000 for the three months ended
December 31, 1999,  compared to the three  months ended  December 31, 1998.  The
Company's  compensation  and benefits cost  increased 9.7 percent or $27,000 for
the three  months ended  December  31, 1999,  compared to the three months ended
December 31, 1998. Compensation costs increased primarily due to the addition of
a  commercial  loan  officer.  To enable  Pekin  Savings  Bank,  a wholly  owned
subsidiary  of the  Company,  to enhance its business  opportunities  and better
serve the community,  a commercial loan  department was  established  during the
three months ended December 31, 1999.  Employee  benefits  costs  increased 32.6
percent or $15,000 for the three months ended December 31, 1999, compared to the
three months ended  December 31, 1998.  The increase  resulted  from the Company
changing its officer insurance coverage and changing insurance  carriers.  Other
expenses decreased 18.2 percent or $56,000 for the comparable three months ended
December 31, 1999 and December 31, 1998. This was primarily a result of one-time
expenses  related to the Company's  on-line  conversion  costs  incurred for the
three months ended December 31, 1998.


NET INCOME

Net income  increased 472.0 percent or $118,000 for the comparable  three months
ended December 31, 1999 and 1998.  Contributing  to the increase,  the Company's
net interest income  increased 17.8 percent or $93,000 for the comparable  three
months ended  December 31, 1999 and 1998.  The Company,  during the three months
ended December 31, 1998,  incurred costs associated with the on-line  conversion
of $107,000 and expensed  $33,000 of unamortized  organizational  costs,  net of
income  taxes,  associated  with the  formation  of the  Company's  bank holding
company in October 1997. These costs were not present for the three months ended
December 31, 1999.


                                       8
<PAGE>


SAFE HARBOR STATEMENT

This report contains certain  forward-looking  statements  within the meaning of
Section 27A of the  Securities  Act of 1933, as amended,  and Section 21E of the
Securities  Exchange  Act  of  1934,  as  amended.   The  Company  intends  such
forward-looking  statements  to be covered  by the safe  harbor  provisions  for
forward-looking  statements  contained in the Private  Securities  Reform Act of
1995,  and is  including  this  statement  for  purposes  of these  safe  harbor
provisions.  Forward-looking statements,  which are based on certain assumptions
and describe future plans,  strategies,  and  expectations  of the Company,  are
generally  identifiable  by use  of the  words  "believe",  "expect",  "intend",
"anticipate",  "estimate",  "project",  or similar  expressions.  The  Company's
ability to predict results or the actual effect of future plans or strategies is
inherently uncertain.

Factors which could have a material  adverse effect on the operations and future
prospects of the Company and the subsidiaries  include,  but are not limited to,
changes   in:    interest    rates,    general    economic    conditions,    the
legislative/regulatory  situation,  monetary  and  fiscal  policies  of the U.S.
Government,  including  policies of the U.S.  Treasury  and the Federal  Reserve
Board, the quality of composition of the loan or investment  portfolios,  demand
for loan products, deposit flows, competition,  demand for financial services in
the Company's market area, and accounting principles,  policies, and guidelines.
These risks and uncertainties should be considered in evaluating forward-looking
statements and undue reliance should not be placed on such statements.

Further  information   concerning  the  Company  and  its  business,   including
additional factors that could materially affect the Company's financial results,
is  included  in  the  Bank's  filings  with  the  Federal   Deposit   Insurance
Corporation.


                                       9
<PAGE>



                   PROGRESSIVE BANCORP, INC. AND SUBSIDIARIES



PART II.       OTHER INFORMATION


Item 1.       Legal Proceeding

      There are no material  legal  proceedings to which the Company or the Bank
      is a party or of which  any of their  property  is  subject.  From time to
      time,  the Bank is a party to various  legal  proceedings  incident to its
      business.

Item 2.       Changes in Securities

      None.

Item 3.       Defaults upon Senior Securities

      Not applicable.

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

      None.

Item 5.       Other Information

      None.

Item 6.       Exhibits and Reports on Form 8-K

      (a)  Exhibits: none

      (b)  Reports on Form 8-K: none





                                       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.


                                              PROGRESSIVE BANCORP, INC.
                                                (Registrant)


DATE: February 14, 2000                BY:      /s/ Arthur E. Krile, Jr.
                                                ----------------------------
                                                Arthur E. Krile, Jr., President
                                                   and Chief Executive Officer