SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 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)
                                February 11, 2002



                       EAST TEXAS FINANCIAL SERVICES, INC.
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             (Exact name of Registrant as specified in its Charter)



     Delaware                        0-24848                     75-2559089
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 (State or other               (Commission File No.)            (IRS Employer
   jurisdiction of                                               Identification
   incorporation)                                                Number)



1200 South Beckham Avenue, Tyler, Texas                             75701-3319
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(Address of principal executive offices)                            (Zip Code)



Registrant's telephone number, including area code:              (903) 593-1767
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                                       N/A
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          (Former name or former address, if changed since last report)






Item 5.  Other Events
- ---------------------

         On February 11, 2002, the Registrant issued for publication the press
release attached as Exhibit "99" announcing the declaration of cash dividend.


Item 7.   Financial Statements and Exhibits
- -------------------------------------------

         The Exhibit referred to in Item 5 of this Report and listed on the
accompanying Exhibit Index is filed as part of this Report and is incorporated
herein by reference.

                                        2






Exhibit                                                        Sequential
Number                    Description                           Page No.
- -------                   -----------                           ---------

  99          Press release published on February 11, 2002.        6


                                       3




                                   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.


                                          EAST TEXAS FINANCIAL SERVICES, INC.



Date:  February 11, 2002                  By: /s/ GERALD W. FREE
                                              ------------------
                                              Gerald W. Free
                                              Vice Chairman, President and CEO