Exhibit 99.1

PRESS RELEASE


              JACKSONVILLE BANCORP ANNOUNCES EXTENSION OF COMMUNITY
                                    OFFERING

JACKSONVILLE, Fla., April 1, 2002 - Jacksonville Bancorp, Inc. (OTC: JAXB),
announced today that it has extended the expiration of its community stock
offering to the general public from March 29, 2002, to April 30, 2002, 5:00
p.m., Eastern Time, in order to provide investors with more time to participate
in the offering.

During the community offering, new investors are able to purchase units
consisting of 2 shares of common stock and 1 warrant. Each warrant included in
the units is exercisable at $13.00 until September 30, 2004. The units are being
offered at the price of $21.00 per unit, with a minimum purchase of 25 units
($525.00).

The Company is seeking to raise $4.5 million in additional capital through this
ongoing community offering, which follows the rights offering to existing
shareholders completed in February 2002. The additional capital will be used to
fund the Company's growth strategy in the Northeast Florida market, including
supporting its position as a well capitalized bank, taking advantage of strong
growth and revenue-enhancing opportunities, and providing more convenience and
services to existing and future customers.

Further, if all 225,000 units being offered are subscribed, the Company believes
it will substantially meet the criteria for listing on the NASDAQ SmallCap
Market. If the Company's application for listing is accepted, more active
trading of the common stock will likely result, which should be beneficial to
all shareholders.

Jacksonville Bancorp, Inc., a bank holding company, is the parent of The
Jacksonville Bank, a Florida state-chartered bank focusing on the Northeast
Florida market. The Jacksonville Bank opened for business on May 28, 1999, and
provides a variety of community banking services to businesses and individuals
in Jacksonville, Florida. More information is available at its website at
www.jaxbank.com.

THE STATEMENTS CONTAINED IN THIS PRESS RELEASE, OTHER THAN HISTORICAL
INFORMATION, ARE FORWARD-LOOKING STATEMENTS, WHICH INVOLVE RISKS, ASSUMPTIONS,
AND UNCERTAINTIES. THE RISKS, UNCERTAINTIES, AND FACTORS AFFECTING ACTUAL
RESULTS, INCLUDE BUT ARE NOT LIMITED TO: (I) THE RISKS ASSOCIATED WITH NEW
BUSINESSES; (II) GENERAL ECONOMIC AND POLITICAL CONDITIONS: (III) COMPETITIVE
CONDITIONS; (IV) CHANGES IN BANK REGULATORY LEGISLATION AND MONETARY POLICIES;
(V) CHANGES IN THE INTEREST RATE ENVIRONMENT; (VI) SUCCESS IN MINIMIZING CREDIT
RISK AND NONPERFORMING ASSETS; (VII) CHANGES IN RELEVANT ACCOUNTING PRINCIPLES;
AND (VIII) THE PACE OF TECHNOLOGICAL CHANGE IN THE BANKING INDUSTRY. THE
COMPANY'S ACTUAL RESULTS MAY DIFFER SIGNIFICANTLY FROM THE RESULTS DISCUSSED IN
FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE
ON FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE HEREOF. THE
COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO PUBLICLY RELEASE ANY REVISIONS TO
THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE
DATE HEREOF OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS. ADDITIONAL
INFORMATION CAN BE FOUND REGARDING RISK FACTORS IN THE COMPANY'S FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION.