UNITED STATES                 
                         SECURITIES AND EXCHANGE COMMISSION
                                 450 5TH STREET, N.W. 
                               WASHINGTON,D. C. 20549
                                  
                                    FORM 10-QSB/A
  
[CAPTION]
(Mark One)
X  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 1996

                                        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. 0-25088


                        PERRY COUNTY FINANCIAL CORPORATION
              (Exact name of registrant as specified in its charter)


Missouri                                         43-1694505

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

14 North Jackson Street, Perryville, Missouri       63775-1334    
(Address of principal executive office)             (Zip Code)  



Registrant's telephone number, including area code (573) 547-4581


Not applicable                                                    
(Former name, former address and former fiscal year, if changed
since 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 July 31, 1996
Common Stock, par value $.01 per share                    852,566   


                 PERRY COUNTY FINANCIAL CORPORATION AND SUBSIDIARY

                                    FORM 10-QSB/A

                        FOR THE QUARTER ENDED JUNE 30, 1996

                                 EXHIBIT INDEX



                                                                   



   Financial Data Schedule     Exhibit 27
                                                                           

                                  2

                 PERRY COUNTY FINANCIAL CORPORATION AND SUBSIDIARY
  






                                     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.


                              PERRY COUNTY FINANCIAL CORPORATION
                                          (Registrant)


DATE: October 16, 1996   
                                   BY: Leo J. Rozier                   
  
                                   Leo J. Rozier, President,

                                   Chief Executive Officer
                                  
                                   Officer and Duly Authorized

                                   and Principal Financial Office