SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549


                           __________________________

                                    FORM 8-K
                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



        Date of Report (Date of earliest event reported): April 19, 2002



                              HCB BANCSHARES, INC.
             ------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


          OKLAHOMA                       0-22423                  62-1670792
- ----------------------------      ----------------------     -------------------
(State or Other Jurisdiction      Commission File Number      (I.R.S. Employer
 of Incorporation)                                           Identification No.)


           237 JACKSON STREET, SW, CAMDEN, ARKANSAS           71701
           ----------------------------------------------------------
           (Address of Principal Executive Offices)        (Zip Code)




       Registrant's Telephone Number, Including Area Code: (870) 836-6841
                                                           --------------


                                 NOT APPLICABLE
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)



ITEM 5.  OTHER EVENTS.
         ------------

     On April 19, 2002, the Board of Directors of the Registrant  announced that
it was commencing a stock  repurchase  program to acquire up to 79,218 shares of
its common stock, representing approximately 5% of the outstanding common stock.

     Further information  regarding the stock repurchase is set forth in a press
release dated April 19, 2002,  attached as Exhibit 99 and incorporated herein by
reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
         ------------------------------------------------------------------

     The  following  exhibits are being filed as part of this Current  Report on
Form 8-K:

         Number               Description
         ------               -----------

            99                Press Release dated April 19, 2002


                                   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 hereunto duly authorized.



                                          HCB BANCSHARES, INC.


Dated: April 22, 2002                     By:/s/ Cameron D. McKeel
                                             -----------------------------------
                                             Cameron D. McKeel
                                             President
                                             (Duly Authorized Representative)