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 23, 2009 ------------- JACOBS FINANCIAL GROUP, INC. ------------------------------ (Exact name of Registrant as specified in its charter) Delaware ---------------- (State or Other Jurisdiction of Incorporation) 0-21210 84-0922335 ---------------------- ------------------------------------- (Commission File Number) (I.R.S. Employer Identification Number) 300 Summers Street, Suite 970, Charleston, West Virginia 25301 ------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (304) 343-8171 ----------------- (Registrant's Telephone Number, Including Area Code) ------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) SECTION 7 - REGULATION FD ITEM 7.01 REGULATION FD DISCLOSURE. Press Release The information in this Item 7.01 of this Current Report is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing. On March 23, 2009, Jacobs Financial Group, Inc. issued a press release. The text of the press release is attached herewith as Exhibit 99.1. SECTION 8 - OTHER EVENTS ITEM 8.01 OTHER EVENTS The Registrant has issued a press release announcing that its wholly owned subsidiary, First Surety Corporation (FSC), a domestic surety in West Virginia with licenses in Ohio and Indiana, has entered into a reinsurance agreement with Lloyds of London. The agreement will become effective April 1, 2009, has an initial term of three years, and will significantly increase FSC's bonding capacity and ability to offer larger denomination coal reclamation surety bonds to qualified clients. SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. a) Financial Statements of business acquired - None b) Pro Forma Financial Information - None c) Shell Company Transactions - None d) Exhibits - 99.1 - Press Release dated March 23, 2009 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. Jacobs Financial Group, Inc. ---------------------------- (Registrant) /s/ John M. Jacobs ----------------------------- Date: March 24, 2009 John M. Jacobs President -1-