UNITED STATES
                       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):  March 19, 2003


                        FIRST COMMUNITY BANCSHARES, INC.
             (Exact name of registrant as specified in its charter)


Indiana                         0-19618                      35-1833586
(State or other                 (Commission                  (IRS Employer
Jurisdiction of                 File Number)                 Identification No.)
Incorporation)

                                136 East Harriman
                           Bargersville, IN 461064720
                    (Address of principal executive offices)

       Registrant's telephone number, including area code: (317) 422-5171

                                 Not Applicable
          (Former name or former address, if changed since last report)

ITEM 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE.
         -----------------------------------------

      Registrant's press release dated March 19, 2003 disclosing its declaration
      of a dividend of $.05, payable on April 30, 2003 for Shareholders of
      record March 31, 2003, attached hereto as Exhibit "A", is incorporated
      herein.



                                   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.


Dated:  March 19, 2003                 FIRST COMMUNITY BANCSHARES, INC.


                                       By: /s/ Albert R. Jackson III
                                           --------------------------------
                                           Albert R. Jackson III, President

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                                   Exhibit "A"


                          FOR MORE INFORMATION CONTACT:
                            Albert R. "Jack" Jackson
                                 (317) 882-5277


FOR IMMEDIATE RELEASE, March 19, 2003


                        FIRST COMMUNITY BANCSHARES, INC.
                        --------------------------------
                               ANNOUNCES DIVIDEND



Bargersville, IN...First Community Bancshares, Inc. (OTC BB Symbol: FCYB) today
declared a 5 cent dividend payable on April 30, 2003 for shareholders of the
record date, March 31, 2003.

First Community Bancshares, Inc.'s, wholly owned subsidiary, First Community
Bank & Trust, a state-chartered financial institution, has offices in
Bargersville, Franklin, Edinburgh, Greenwood, Indianapolis, North Vernon,
Trafalgar and Whiteland.

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