UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

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

                  For the Quarterly Period Ended March 31,2000

                                       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 number 333-81551

                  Lehigh Acres First National Bancshares, Inc.
               ---------------------------------------------------
             (Exact name of registrant as specified in its charter)

       Florida                                     65-0921046
-----------------------------         -----------------------------------------
 (State of Incorporation)               (I.R.S. Employer Identification No.)

 1300 Homestead Road N.
 Lehigh Acres, FL                                              33936
------------------------------------------                 --------------
(Address of principal executive offices)                    (Zip Code)

                                  941-368-1190
                            ------------------------
                               (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  Exchange  Act during the past 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 XX   NO

                      APPLICABLE ONLY TO CORPORATE ISSUERS

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

18,000 shares of common stock, $.01 par value per share,  issued and outstanding
as of March 31, 2000.

Transitional Small Business Disclosure Format (check one):  YES    NO  XX
                                                               ---     ---


<PAGE>


                  Lehigh Acres First National Bancshares, Inc.
                        (A Development Stage Corporation)

                          PART I. FINANCIAL INFORMATION

      Item 1.      Financial Statements

         The  financial  statements of Lehigh Acres First  National  Bancshares,
Inc. (the "Company") are set forth in the following pages.




<PAGE>



                  Lehigh Acres First National Bancshares, Inc.
                        (A Development Stage Corporation)

                                  Balance Sheet

                                 March 31, 2000
                                   (Unaudited)

                                     Assets

Cash                                                            $     4,922
Furniture & equipment, net                                            3,586
Deferred Registration costs                                         147,276
Other assets                                                         15,899
                                                                -----------
                                                                $   171,683

             Liabilities and Stockholders' Equity

Liabilities:
Notes payable                                                   $    83,064
Advances from organizers                                            255,628
Accounts payable                                                     33,298
Accrued expenses                                                     58,607
                                                                -----------
           Total liabilities                                        430,597
                                                                -----------

Stockholders' equity:
     Common stock, par value $.01, 10,000,000 shares
     authorized; 18,000 shares issued and outstanding               180,000
     Additional paid-in capital
     Deficit accumulated during the development stage              (438,914)
                                                                ------------

           Total stockholders' equity                              (255,914)
                                                                ------------

Total Liabilities and Stockholders' Equity                      $   171,683
                                                                ===========


See accompanying notes to financial statements.


                                      -3-
<PAGE>


                  Lehigh Acres First National Bancshares, Inc.
                        (A Development Stage Corporation)
                             Statement of Operations

                  For the Three Months Ended March 31,2000 and
                                  March 31,1999

                                              For the three-months ended March
                                                            31,
                                                   2000              1999
Revenues:
Interest Income                                $      --           $    261
                                               ---------           --------

Total                                                 --                261

Expenses:
Organizing consultant                          $      --             12,000
Temporary services                                 7,467                 --
Legal and Professional                                --                230
Rent Expense                                      20,625                 --
Utilities and telephone                            2,664                178
Organizational expenses                           26,925                 --
Interest and Loan Expense                          4,446                 --
Supplies Expense                                     517                 --
Insurance Expense                                     --              1,248
Advertising and Promotional                        1,058                 --
Miscellaneous other expenses                       5,333                 34

Total Expenses                                    69,035             13,690
                                               ---------           --------

Net (loss)                                     $ (69,035)          $(13,429)
                                               ----------          ---------

Basic (loss) per share




See accompanying notes to financial statements


                                      -4-

<PAGE>

                  Lehigh Acres First National Bancshares, Inc.
                        (A Development Stage Corporation)
<TABLE>
<CAPTION>

                             Statement of Operations

                  For the Three Months Ended March 31, 2000 and
         the Period from April 14, 1998 (inception) to December 31, 1999

                                   (Unaudited)

                                            Three Months ended      Cumulative through
                                              March 31, 2000         December 31, 1999
Revenues:
--------
<S>                                   <C>                              <C>
Interest income                             $           --                   2,896

      Total Revenues                                    --                   2,896
Expenses:
      Organizing Consultants                            --                 162,500
      Temporary Services                             7,467                  16,057
      Legal and Professional                            --                  12,623
      Rent Expense                                  20,625                  41,251
      Utilities and Telephone                        2,664                   6,893
      Organizational Expenses                       26,925                  71,087
      Interest and Loan Expense                      4,446                   5,405
      Supplies Expense                                 517                   7,707
      Insurance Expense                                 --                  11,617
      Advertising and Promotional                    1,058                   1,996
      Travel and entertainment                          --                   6,839
      Miscellaneous other expenses                   5,333                  28,800

           Total expense                            69,035                 372,775
                                              ------------              ----------
           Net loss                           $    (69,035)             $ (369,879)
                                              ------------              ----------
Net loss per share                            $     (3.84)              $  (20.55)
                                              ============              ==========


</TABLE>

See accompanying notes to financial statements.



                                      -5-
<PAGE>


                  Lehigh Acres First National Bancshares, Inc.
                        (A Development Stage Corporation)

                             Statement of Cash Flows
<TABLE>
<CAPTION>

                  For the Three months Ended March 31, 2000 and
                        the Year Ended December 31, 1999

                                   (Unaudited)

                                                                              Three Months ended       Year ended
                                                                                March 31, 2000      December 31, 1999

<S>                                                                     <C>                           <C>
Cash flows from operating activities:
      Net loss                                                               $    (69,035)                 (214,266)
Adjustments to reconcile net loss to net cash used in
Operating activities:
Depreciation                                                                          160                       746
Decrease (increase) in other assets                                                    --                   (12,988)
(Decrease) increase in accounts payable and accrued expenses                      (13,252)                 (100,347)
                                                                             -------------

                       Net cash used in operating activities                      (55,623)                 (326,855)
                                                                             -------------              ------------

Cash flows from investing activities:
Purchase of furniture and equipment                                                    --                    (4,492)
(Increase) in deferred registration costs                                              --                  (147,276)
                                                                                                        ------------

                       Net cash used in investing activities                           --                  (151,768)

Cash flows from financing activities:
Proceeds from issuance of common stock                                                 --                   179,000

                       Net cash provided by financing activities                   59,500                   428,192
                                                                             ------------               -----------

Net increase (decrease) in cash                                                     3,877                   (50,431)
Cash at beginning of period                                                         1,045                    51,476
Cash at end of period                                                        $      4,922               $     1,045
                                                                             ============               ===========

Supplemental disclosure of cash flow information:
      Interest paid                                                          $         --                     1,551
                                                                             ============               ===========




</TABLE>


See accompanying notes to financial statements.


                                      -6-
<PAGE>


                  Lehigh Acres First National Bancshares, Inc.

                        (A Development Stage Corporation)
                          Notes to Financial Statements

(1)   Organization

      Lehigh  Acres  First   National   Bancshares,   Inc.   (in   organization)
      (hereinafter,  the "Company") was  incorporated in the State of Florida on
      May 19,  1999 for the  purpose of  becoming a bank  holding  company  with
      respect to a proposed de novo bank,  Lehigh Acres First National Bank (the
      "Bank") to be located in Lehigh Acres, Florida.  Prior to the formation of
      the Company,  a group of organizers,  on April 14, 1998, formed a separate
      company,  Lehigh  One,  Inc.,  to be used as a tool to  facilitate  in the
      process of  organizing  and forming  both the  Company  and the Bank.  All
      assets,  liabilities,  rights, revenues and expenses acquired, incurred or
      undertaken by Lehigh One, Inc. from  inception  (April 14, 1998) have been
      transferred, by mutual agreement of the Boards of Directors of both Lehigh
      One,  Inc. and the Company,  to the Company.  Accordingly,  all  financial
      transactions  undertaken  by Lehigh  One,  Inc.  during  1998 and 1999 are
      reflected in the Company's financial statements as of March 31, 2000.

      On March 30, 1999,  the Company  received  preliminary  approval  from the
      Office of the  Comptroller  of the Currency (the "OCC") to charter a bank,
      and on April 2, 1999, the Company received  preliminary  approval from the
      Federal Deposit  Insurance  Corporation (the "FDIC") to insure deposits up
      to $100,000 per depositor.  The Federal Reserve Board (the "FRB") approved
      our  application to form a bank holding  company on August 13, 1999.  When
      all  regulatory  applications  are approved and the minimum  stock sale is
      successfully completed, the Company will acquire 100 percent of the voting
      stock of the Bank by  injecting a minimum of $5.0  million into the Bank's
      capital accounts.

      The Company is authorized to issue up to 10.0 million shares of its
      $.01 par value per share  common  stock  ("Common  Stock").  Each share is
      entitled  to one  vote and  shareholders  have no  preemptive,  cumulative
      voting or conversion  rights.  The organizers as a group  capitalized  the
      Company by acquiring  18,000 shares of the  Company's  Common Stock for an
      aggregate  amount  of  $180,000.  The  organizers  intend to  purchase  an
      additional 97,000 shares of the Company's Common Stock in the Offering. As
      of March 31, 2000,  there were 18,000 shares of the Company's Common Stock
      issued and outstanding.

      The Company is also  authorized to issue up to 10.0 million  shares of its
      $.01 par value per share preferred stock. The Company's Board of Directors
      may,  without further action by the  shareholders,  direct the issuance of
      preferred stock for any proper corporate purpose with preferences,  voting
      powers, conversion rights, qualifications,  special or relative rights and
      privileges  which could adversely  affect the voting power or other rights
      of  shareholders  of Common  Stock.  As of March 31,  2000,  there were no
      shares of the Company's preferred stock issued or outstanding.

      The  Company's  Articles  of  Incorporation  and  Bylaws  contain  certain
      provisions that might be deemed to have potential "anti takeover" effects.
      These certain provisions  include:  (i) provisions relating to meetings of
      the  shareholders  which limit who may call meetings and what matters will
      be voted  upon;  (ii) the  ability  of the  Board  of  Directors  to issue
      additional  shares of authorized  Common Stock and preferred stock without
      shareholder  approval,  thus retaining the ability to dilute any potential
      acquirer  attempting to gain control by purchasing  Company stock; (iii) a
      staggered  Board of Directors,  limiting the ability to change the members
      of the Board;  and (iv) a provision that  individuals  affiliated with the
      Company's competitors may not qualify to serve on its Board.

      During 1999, the Company filed a Registration  Statement on Form SB-2 with
      the Securities  and Exchange  Commission  (the "SEC")  offering for sale a
      minimum of 700,000 and maximum of  1,000,000  shares of its $.01 par value
      common  stock (the  "Offering").  The sales price for each share of Common
      Stock was $10.00.  The above Offering was declared effective by the SEC on
      September  14,  1999.  Because the Company was unable to sell a meaningful
      number of shares by December 31, 1999,  the  Company's  Board of Directors
      undertook certain actions which resulted in changes in both its management
      team and the Company's Board's constituency. These changes were considered
      to be  significant,  requiring  the  refund  of all  funds  raised  in the
      Offering.  Additionally,  the Board of  Directors  filed a post  effective
      amendment  to the  Registration  Statement  (the  "Amendment")  which,  in
      addition to describing the changes in the Offering, included the Company's
      financial statements as of and for the periods ended December 31, 1999 and
      1998.  The  Amendment  was  declared  effective  on March 23, 2000 and the
      Company has re-commenced  selling  activities.  If the sale of the minimum
      (600,000)  shares of Common Stock is not

                                      -7-

<PAGE>

      accomplished by the expiration date, as extended,  all subscriptions  will
      be canceled and all proceeds returned,  with interest, to the subscribers.
      If  the  sale  of  the  minimum   (600,000)  shares  of  Common  Stock  is
      accomplished in a timely manner, the Company will capitalize the Bank with
      at least  $5.0  million  immediately  prior  to  commencement  of  banking
      operations.

      Certain  organizers  of the Company will receive up to one warrant,  at no
      additional  cost, for each share of Common Stock  purchased by that person
      in the Offering. Each warrant entitles its holder to purchase one share of
      the  Company's  Common Stock for $10.00 for a period of ten years from the
      later of (i) the date the bank opens for  business  or (ii) one year after
      the date of its Offering prospectus. The warrants will vest immediately on
      the above date, as applicable,  and may be exercised either in whole or in
      part.  All  warrants  are subject to  approval  by the banking  regulatory
      agencies, and all warrants, in the aggregate,  shall not exceed 20% of the
      number of shares outstanding upon completion of the Offering.

      The Company is a development  stage enterprise as defined by the Financial
      Accounting  Standards Board Statement No. 7,  "Accounting and Reporting by
      Development  Stage  Enterprises,"  as it  devotes  substantially  all  its
      efforts to establishing a new business,  its planned principal  operations
      have not  commenced  and there has been no  significant  revenue  from the
      planned principal operations.

(2)   Summary of Significant Accounting Policies

      Basis of Accounting.  The accounting and reporting policies of the Company
      conform  to  generally  accepted  accounting  principles  and  to  general
      practices in the banking  industry.  The Company uses the accrual basis of
      accounting  by  recognizing  revenues when they are earned and expenses in
      the period  incurred,  without regard to the time of receipt or payment of
      cash.  The Company  has  adopted a fiscal  year that ends on December  31,
      effective for the period ended December 31, 1999.

      Organization Costs

      Costs  incurred  for  the   organization  of  the  Company  and  the  Bank
      (consisting principally of legal, accounting, consulting and incorporation
      fees) are expensed as incurred.

      Deferred Offering Expenses

      Costs  incurred  in  connection  with the stock  offering,  consisting  of
      direct, incremental costs of the offering, are deferred and will be offset
      against the proceeds of the stock sale as a charge to  additional  paid in
      capital.

      Pre-Opening expenses

      Costs incurred for overhead and other  operating  expenses are included in
      the current period's operating results.

      Proforma Net Loss Per Common Share

      Proforma net loss per common share was  calculated by dividing net loss by
      the number (18,000) of common shares outstanding as of March 31, 2000.



                                      -8-
<PAGE>


                  Lehigh Acres First National Bancshares, Inc.
                        (A Development Stage Corporation)

                    Notes to Financial Statements, continued

(3)   Commitments and Related Party Transactions

      On June 10, 1999, the Company obtained a one-year, $250,000 line of credit
      ("LOC") at a floating rate of interest of prime less one percent.  The LOC
      was obtained in order to fund  pre-operating  activities.  As of March 31,
      2000, the LOC has an outstanding balance of $83,064

      In  connection  with  the  Company's  formation  and  organization  of its
      subsidiary  Bank, the Company has entered into three  separate  agreements
      with a bank  consulting  firm, a law firm and an accounting firm to assist
      ii in:  (i)  preparing  and filing all  organizational  and  incorporation
      papers;  (II) preparing and filing  applications  with the bank regulatory
      authorities  concerning  the  formation of a bank holding  company and the
      organization of a Federally chartered bank; (III) preparing a Registration
      Statement on Form SB-2, including the financial audit and filing same with
      the  Securities and Exchange  Commission;  and (iv) drafting of employment
      agreements, stock option plans and other matters relating to compensation.
      The  aggregate  cost of the above  services is  estimated  to  approximate
      $160,000 and may vary  depending  upon the degree of  complexity  and time
      spent on the above projects.

      The  bank  consulting  firm  mentioned  above is 100%  owned by a  certain
      organizer of the Company.  The  agreement  with the bank  consulting  firm
      estimates  the cost of its  services to  approximate  $35,000  plus out of
      pocket  expenses.  In addition,  this  organizer  will receive  options to
      purchase  3,000 shares of the  Company's  Common  Stock.  Each option will
      entitle the organizer to purchase one share of the Company's  Common Stock
      for $10.00 per share.  The options will be exercisable for a period of ten
      years from the date the Bank opens for business. In the event that (i) the
      minimum offering  (600,000 shares) is not met, or (ii) the options are not
      awarded  for any  reason  within  six  months  after  the Bank  opens  for
      business, the Company will compensate this organizer the amount of $4,200.
      From  inception  (April  14,  1998)  through  March  31,  2000,  the  bank
      consulting firm had been paid $37,551.

      The Company has entered  into an  agreement  with Brenda  O'Neil  (CEO) to
      provide consulting and organizational services prior to the opening of the
      bank.  Ms. O'Neil will receive a consultant  fee of $6,500 per month until
      the Office of the  Comptroller of the Currency  grants  permission to open
      the bank for business.

      The Company has entered into an employment agreement with Brenda M. O'Neil
      for a four-year term,  which may be renewed for two  consecutive  one-year
      periods  and  pursuant to which Ms.  O'Neil  will serve as the  President,
      Chief  Executive  Officer,  and  director of Lehigh  Acres First  National
      Bancshares,  Inc. and Lehigh Acres First  National  Bank.  Ms. O'Neil will
      receive an annual  salary of $96,000,  plus her yearly  medical  insurance
      premium. Ms. O'Neil is eligible for an annual cash performance bonus equal
      to 5% of the bank's net income, not to exceed 25% of her annual salary, in
      the event  specified bank  performance  goals are attained.  Ms. O'Neil is
      also eligible to participate in any  management  incentive  program of the
      bank or any long-term  equity  incentive  program and will be eligible for
      grants of stock options and other awards under these plans.

      The Company entered into two lease agreements with two unrelated  parties.
      Both agreements  cover the same facility from which the proposed Bank will
      operate.  The first agreement obligates the Company to pay $6,486 for each
      of the initial  eleven months  beginning July 1, 1999 and $7,252 per month
      thereafter until May 31, 2005. The second agreement  obligates the Company
      to pay $7,977 per month for five years  beginning  June 1, 2005 and $8,775
      per month for five years beginning June 1, 2010. The second agreement also
      contains two five year options to renew.  The first option,  if exercised,
      obligates the Company to pay $9,652 per month  beginning June 1, 2015. The
      second  option,  if  exercised,  obligates  the Company to pay $10,618 per
      month  beginning June 1, 2020. In addition to the monthly lease  payments,
      the  Company is  obligated  to pay sales  tax,  repairs  and  maintenance,
      insurance and property tax.

      A group of fourteen  individuals advanced $210,000 to the Company in order
      the fund the Company's pre-operating  expenses.  These funds were advanced
      interest  free.  No imputed  interest  was  charged to  operations  in the
      Company's  financial  statement  as of and for the period  ended March 31,
      2000.  Of the above  advance of $210,000,  on June 22, 1999,  $180,000 was
      converted into 18,000 shares of the Company's common stock.

                                      -9-

<PAGE>


      Under an agreement dated June 26, 1998, an organizer was engaged to review
      certain  contracts,  leases and documents  relevant to the organization of
      the Company.  This organizer,  upon a successful completion of the sale of
      at least the minimum Offering  (600,000  shares),  will receive the sum of
      $10,000 in consideration for services  rendered.  As of March 31, 2000, no
      accrual was  recorded  and no payments  had been paid with respect to this
      agreement.

      Unaudited Interim Financial Statements

      The financial  statements  and related notes and schedules as of March 31,
      2000 and 1999,  and for the three and six  month  periods  then  ended are
      unaudited.   However,  the  opinion  of  the  Company's  management,   all
      adjustment  (consisting of normal recurring accruals) considered necessary
      for a fair presentation of those financial  statements have been included.
      Operating results for the three-month  period ended March 31, 2000 are not
      necessarily  indicative  of the results  that may be expected for the year
      ending December 31, 1999.

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

      Forward-Looking Statements

      The following is a discussion of the Company's  financial  condition as of
      and for the period ending March 31, 2000. These comments should be read in
      conjunction with the Company's condensed consolidated financial statements
      and accompanying  footnotes appearing in this report. This report contains
      "forward-looking  statements"  relating  to,  without  limitation,  future
      economic  performance,  plans and  objectives  of  management  for  future
      operations, and projections of revenues and other financial items that are
      based on the beliefs of the Company's  management,  as well as assumptions
      made by and information  currently available to the Company's  management.
      The words  "may,  "  "would,"  "could,"  "will,"  "expect",  "anticipate",
      "believe,"   "intend,"   "plan,"  and   "estimate,"  as  well  as  similar
      expressions,  are  intended to identify  forward-looking  statements.  The
      Company's actual results may differ  materially from the results discussed
      in the forward-looking statements, and the Company's operating performance
      each  quarter  is  subject to  various  risks and  uncertainties  that are
      discussed in detail in the  Registration  Statement  (Registration  Number
      333-81551)  as filed with and  declared  effective by the  Securities  and
      Exchange Commission.

      Financial Condition

      The  Company is in the  process of raising a minimum of  $6,000,000  in an
      initial  public  stock  offering.  When all  regulatory  applications  are
      approved and the minimum stock sale is successfully completed, the Company
      will  acquire 100 percent of the voting  stock of the Bank by  injecting a
      minimum of $5.0  million  into the  Bank's  capital  accounts.  A group of
      fourteen individuals advanced $210,000 to the Company in order to fund the
      Company's pre-operating expenses. These funds were advanced interest-free.
      No imputed  interest was charged to operations in the Company's  financial
      statements as of and for the periods ended March 31, 2000 and December 31,
      1999.  Of the above  advance of $210,000,  on June 22, 1999,  $180,000 was
      converted into 18,000 shares of the Company's  common stock.  At March 31,
      2000, the Company had total assets of $171,683.  The Company's liabilities
      at March 31, 2000 were $430,597 and consisted  primarily of a note-payable
      line  of  credit  and  advances  from   organizers.   The  Company  had  a
      stockholder's deficit of $258,914 at March 31, 2000.

      The Company had a net loss of $69,035 for the three months ended March 31,
      2000 and $369,879  cumulatively  from inception through December 31, 1999,
      or a pro forma net loss of $20.55 per share for the  quarter  ended  March
      31, 2000 and $24.38 per share  cumulatively  since  inception based on the
      actual shares of 18,000 which were  outstanding as of March 31, 2000. This
      loss resulted from expenses incurred in connection with activities related
      to the organization of the Company and the Bank. These activities included
      preparing and filing an  application  with the OCC and the FDIC to charted
      the Bank and to obtain deposit  insurance,  preparing an application  with
      the Federal Reserve Board for approval of the Company to acquire the Bank,
      responding to questions and providing  additional  information to the OCC,
      the FDIC, and the Federal Reserve Board in connection with the application
      process,  preparing a prospectus and filing a registration  statement with
      the Securities and Exchange Commission (the "SEC"),  selling the Company's
      common stock,  meeting and discussions amount various organizers regarding
      preopening  issues,  hiring  qualified  personnel  to work  for the  Bank,
      conducting  public relation  activities on behalf of the Bank,  developing
      prospective  business  contacts for the Bank and the  Company,  and taking
      other actions necessary for a successful bank opening. Because the Company
      is in the  organizational  stage,  it  had no  operations  from  which  to
      generate revenues.

                                      -10-

<PAGE>

                           PART II. OTHER INFORMATION

Item 1.    Legal Proceedings

           There are no material pending legal  proceedings to which the Company
           is a party or of which any of their property is the subject.

Item 2.    Changes in Securities

           (a)   Not applicable
           (b)   Not applicable

Item 3.    Defaults Upon Senior Securities

           Not applicable

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

           There were no matters submitted to security holders for a vote during
           the three months ended March 31, 2000.

Item 5.    Other Information

            None

Item 6.    Exhibits and Reports on Form 8-K

           (a) Exhibits - See attached Exhibit Index hereto.

           (b) No reports on Form 8-K were filed  during the period  ended March
               31, 2000.


                                      -11-
<PAGE>


                                   SIGNATURES

      Pursuant to the  requirements  of the Exchange Act, the registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                                       LEHIGH ACRES FIRST NATIONAL BANCSHARES
                                          CORPORATION



Date: May 22, 2000                     By: /s/  Brenda M. O'Neil
                                       -----------------------------------------
                                       Brenda M. O'Neil

                                       Chief Executive Officer and Principal
                                       Accounting Officer




                                      -12-
<PAGE>


                                  EXHIBIT INDEX

Exhibit           Description
-------           -----------

3.1.     *Articles of Incorporation

3.2.     *Bylaws

3.3.     *Assignment and Assumption Agreement dated June 21, 1999 between Lehigh
         Acres First National Bancshares, Inc. and Lehigh One Incorporated.

4.1.     *See Exhibits 3.1 and 3.2 for provisions in Lehigh Acres First National
         Bancshares,  Inc.'s Articles of  Incorporation  and Bylaws defining the
         rights of holders of the common stock

4.2.     *Form of certificate of common stock

5.1.     *Opinion Regarding Legality

10.1.    *Employment  Agreement dated October 9, 1998 between Lehigh Acres First
         National Bancshares, Inc. and Lloyd J. Weber.

10.2.    *Consulting  Agreement  dated  January  16,  1999  between  Lehigh  One
         Incorporated and Lloyd J. Weber.

10.3.    *Consulting   Agreement   dated  April  15,  1998  between  Lehigh  One
         Incorporated and Lloyd J. Weber.

10.4.    *Real  Property  Lease dated June 15, 1999  between  Lehigh Acres First
         National  Bank , as tenant,  and John E.  Morgan  and Leona P.  Morgan,
         husband and wife, as to an undivided one-half  interest,  and Elizabeth
         E. Culbreth, a single person, as to an undivided  one-quarter interest,
         and Hazel M. Frantz,  a single  person,  as to an undivided one quarter
         interest, all as landlord.

10.5.    *Assignment  and Assumption  Agreement  effectively  dated July 1, 1999
         between Lehigh Acres First  National Bank, as assignee,  and SouthTrust
         Bank,  N.A.,  f/k/a First Federal Savings & Loan  Association of DeSoto
         County, as assignor.

10.6.    *Lease  effectively  dated June 1, 1980 between First Federal Savings &
         Loan Association of Desoto County, as tenant,  and Lehigh  Corporation,
         as landlord.

10.7.    *Amended  Form of Sales  Agency  Agreement  between  Lehigh Acres First
         National  Bancshares,  Inc.  and  Berthel  Fisher &  Company  Financial
         Services, Inc.

10.8.    *Escrow  Agreement  dated June 15,  1999  between  Lehigh  Acres  First
         National Bancshares, Inc. and Independent Bankers' Bank of Florida.

10.9.    *Form of Data Processing Services Agreement, between Lehigh Acres First
         National Bancshares, Inc. and Marshall & Ilsley Corporation.

10.10.   *Consulting  Agreement  dated March 18, 1998 between the Organizers and
         Directors of the Company and Bank Resources, Inc.

10.11.   *Legal  Services  Agreement  dated June 26, 1998  between  Lehigh Acres
         First National Bancshares and Kenneth K. Thompson.

10.12.   *Form of Stock Warrant Agreement


                                      -13-
<PAGE>


10.13.   *Form of  Subscription  Agreement  dated June 22, 1999  between  Lehigh
         Acres  First  National  Bancshares,  Inc.  and  twelve of the  original
         organizers.

10.14    *Line of Credit between Lehigh Acres First National  Bancshares and the
         Independent Bankers' Bank Of Florida dated June 10, 1999.

10.15    *Form  of  Escrow   Agreement   between  Lehigh  Acres  First  National
         Bancshares, Inc. and The Bankers Bank of Georgia.

10.16    *Employment  Agreement  dated March 3, 2000 between  Lehigh Acres First
         National Bancshares, Inc., Lehigh Acres First National Bank, and Brenda
         M. O'Neil.

10.17    *Consulting  Agreement  dated  December 15, 1999  between  Lehigh Acres
         First National Bancshares, Inc. and Brenda M. O'Neil.

10.18    *First Amendment to Sales Agency  Agreement  between Lehigh Acres First
         National Bancshares, Inc. and Bethel Fisher Financial Services, Inc.

10.19.   *  Form  of  Escrow  Agreement  between  Lehigh  Acres  First  National
         Bancshares, Inc. and The Bankers Bank.

23.1.    *Consent of Independent Public Accountants

23.2.    *Consent of Nelson Mullins Riley & Scarborough,  L.L.P. (appears in its
         opinion filed as Exhibit 5.1)

24.1.    *Power  of  Attorney  filed  as  part  of  the  signature  page  to the
         Registration Statement

27.1     Financial Data Schedule (for electronic filing purposes)


---------------------------------
*        Previously  filed with the SEC on the  Company's  initial  Registration
         Statement or Post  Effective  Amendment  No. 1,  Registration  File No.
         333-81551