SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C.  20549
                           ___________________________


                                    FORM 8-K



                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                     the Securities and Exchange Act of 1934

         Date of Report: (Date of earliest event reported): May 16, 2003


                           RAMPART CAPITAL CORPORATION
             (Exact name of registrant as specified in its charter)


             TEXAS                     1-15277                  76-0427502
    (State of Incorporation)   (Commission File Number)       (IRS Employer
                                                            Identification No.)
- --------------------------------------------------------------------------------



                            16401 COUNTRY CLUB DRIVE
                               CROSBY, TEXAS 77532
              (Address of Registrant's principal executive offices)

                                 (713) 223-4610
              (Registrant's telephone number, including area code)



                                (NOT APPLICABLE)
          (Former name or former address, if changed since last report)



ITEM 7.        FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
               INFORMATION AND EXHIBITS

          (a)  FINANCIAL STATEMENTS OF BUSINESS ACQUIRED

               Not Applicable.

          (b)  PRO FORMA FINANCIAL INFORMATION

               Not Applicable.

          (c)  EXHIBITS

               99.1   Press Release dated May 16, 2003.

ITEM 9.        REGULATION FD DISCLOSURE (BEING PROVIDED UNDER ITEM 12. RESULTS
OF OPERATIONS AND FINANCIAL CONDITION).

     The  following  information  is  intended  to  be  included under "Item 12.
Results of Operations and Financial Condition" and is included under this Item 9
in  accordance  with  SEC  Release  Nos.  33-8216  and  34-47583.

     On  May  16, 2003, the Company announced its earnings for the quarter ended
March  31, 2003.  Attached to this Current Report on Form 8-K as Exhibit 99.1 is
a  copy  of  the  Company's  related  press  release  dated  May  16,  2003.

     The information in this Item 9 is being furnished, not filed.  Accordingly,
the  information  in  this Item 9 will not be incorporated by reference into any
registration statement filed by the Company under the Securities Act of 1933, as
amended,  unless  specifically  identified  therein  as  being  incorporated  by
reference.

                                   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.


Date: May 16, 2003                      RAMPART CAPITAL CORPORATION



                                             By:  /s/ J. H. Carpenter
                                                --------------------------------
                                                     J.H. Carpenter,
                                                     President and
                                                     Chief Operating Officer



                                INDEX TO EXHIBITS


EXHIBIT                     DESCRIPTION OF EXHIBIT
- -------             --------------------------------------

     *99.1          Press Release, dated May 16, 2003
*FILED HEREWITH.