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): April 30, 2003

                            Pocahontas Bancorp, Inc.
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             (Exact name of registrant as specified in its charter)

          Delaware                       0-23969                  71-0806097
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(State or other jurisdiction      (Commission File No.)       (I.R.S. Employer
      of incorporation)                                      Identification No.)




Registrant's telephone number, including area code:  (870) 802-1700



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






Item 5.     Other Events.
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     On April 30, 2003,  following  receipt of all  regulatory  and  stockholder
approvals,  Pocahontas Bancorp,  Inc. (the "Registrant" or "Pocahontas Bancorp")
completed  the  acquisition  of  Marked  Tree  Bancshares,  Inc.  ("Marked  Tree
Bancshares")  pursuant to an Agreement and Plan of Merger,  dated as of November
27, 2002, which provided, among other things, that (i) Marked Tree Bancshares be
merged (the "Merger") with and into the  Registrant,  with the Registrant as the
surviving corporation, (ii) Marked Tree Bank, the bank subsidiary of Marked Tree
Bancshares  ("Marked Tree Bank"),  be merged with and into First Community Bank,
the savings bank subsidiary of the Registrant  ("FCB") with FCB as the surviving
institution,  and (iii) each outstanding  share of Marked Tree Bancshares common
stock issued and  outstanding  at the effective  time of the Merger be converted
into 103.1004 shares of common stock of Pocahontas Bancorp, plus cash in lieu of
fractional shares.

     For  additional  information,  reference  is made to the press  release  of
Pocahontas Bancorp,  dated April 30, 2003, which is included as Exhibit 99.1 and
is incorporated herein by reference.


Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.
            ------------------------------------------------------------------

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  The following Exhibits are included with this report:

     Exhibit 2.1    Agreement and Plan of Merger, dated as of November 27, 2002,
                    by and  between  Pocahontas  Bancorp,  Inc.  and Marked Tree
                    Bancshares, Inc.*

     Exhibit 99.1   Press release dated April 30, 2003.

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*Incorporated by reference to the Current Report on Form 8-K filed by the
Registrant on December 9, 2002.

     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.

                                     POCAHONTAS BANCORP, INC.


DATE:  May 2, 2003                   By:  /s/ Dwayne Powell
                                          ------------------
                                          Dwayne Powell
                                          President and Chief Executive Officer