UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                     FORM 15

         CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION
12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE
REPORTS UNDER SECTION 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

                         Commission File Number 0-13397

                                   ----------

                            Zachary Bancshares, Inc.
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as specified in its charter)


            4743 Main Street, Zachary, LA 70791 (phone: 225-654-2701)
- --------------------------------------------------------------------------------
    (Address, including zip code, and telephone number, including area code,
                  of registrant's principal executive offices)


                    Common Stock, Par Value $10.00 Per Share
- --------------------------------------------------------------------------------
            (Title of each class of securities covered by this Form)


                                      None
- --------------------------------------------------------------------------------
       (Title of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)

         Please place an X in the box(es) to designate the appropriate
provision(s) relied upon to terminate or suspend the duty to file reports:

           Rule 12g-4 (a) (1) (i)    [x]        Rule 12h-3 (b) (1) (ii)     [ ]
           Rule 12g-4 (a) (1) (ii)   [ ]        Rule 12h-3 (b) (2) (i)      [ ]
           Rule 12g-4 (a) (2) (i)    [ ]        Rule 12h-3 (b) (2) (ii)     [ ]
           Rule 12g-4 (a) (2) (ii)   [ ]        Rule 15d-6                  [ ]
           Rule 12h-3 (b) (1) (i)    [x]

Approximate number of holders of record as of the certification or notice
date: 266

Pursuant to the requirements of the Securities Exchange Act of 1934, Zachary
Bancshares, Inc. has caused this certification/notice to be signed on its behalf
by the undersigned duly authorized person.

Date:  March 12, 2003                      By: /s/ HARRY S. MORRIS, JR.
                                              ---------------------------------
                                           Name:  Harry S. Morris, Jr.
                                           Title: President