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)

~~December~~February 219, ~~2000~~2001

THE BRYAN-COLLEGE STATION FINANCIAL HOLDING COMPANY
(Exact name of Registrant as specified in its Charter)

Delaware	0-23323	36-4153491
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

2900 Texas Avenue, Bryan, Texas	77802
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (~~409~~979) 779-2900

N/A (Former name or former address, if changed since last report)

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Item 5. Other Events

~~The~~ On ~~Office~~February of8, ~~Thrift~~2001, ~~Supervision (~~the ~~"OTS"),~~Registrant asissued athe ~~result~~press ofrelease anattached ~~OTS~~as ~~examination~~Exhibit ~~completed~~99 ~~in June,~~announcing ~~2000, determined~~ that ~~the~~it ~~Registrant's~~had ~~wholly-owned~~retained ~~subsidiary,~~Hoefer ~~First~~& ~~Federal~~Arnett ~~Savings Bank~~in ~~(the~~December ~~"Bank")~~2000 ~~required~~for ~~special~~the ~~supervisory~~specific ~~attention~~purpose ~~primarily~~of ~~due~~evaluating tothe ~~its second chance~~potential ~~automobile~~for ~~lending~~a ~~program~~strategic ~~and~~alliance ~~required~~with ~~that~~another itcompany, ~~enter~~which ~~into~~may ainclude ~~Supervisory~~the ~~Agreement~~sale ~~on September~~of ~~22,~~the ~~2000~~Registrant.

The ~~Supervisory~~foregoing ~~Agreement~~information ~~generally~~does ~~addresses~~not ~~the~~purport ~~development and implementation of actions, plans, policies and procedures~~ to ~~improve~~be ~~the~~complete ~~operations~~ and ~~financial~~is ~~condition~~qualified ~~of the Bank, particularly~~ in the areas of management, asset quality, dispositions of asset, director and executive officer compensation and transactions with affiliates and subsidiaries. In particular the board of directors of the Bank was directed to increase its ~~participation~~entirety ~~in the affairs of the Bank and assume full responsibility for compliance with the Supervisory Agreement. The various plans, policies and procedures developed~~ by ~~the~~reference ~~Bank~~to ~~have been approved by~~ the ~~OTS~~Exhibit ~~except~~to ~~as noted~~this ~~below~~Report.

Item 7. Financial Statements and Exhibits

The Supervisory Agreement also requires the Bank to submit a written business plan by September 30, 2000, subject to the approval of the OTS , that covers the overall operation of the Bank and sets forth (ic) the Bank's plans to achieve "well capitalized" status by March 31, 2001; (ii) a contingent capital plan to increase capital to avoid undercapitalization; (iii) strategies to reduce non-interest expenses, especially general and administrative expenses; (iv) the development of profitable lines of business; and (v) strategies for enhancing the viability of the North Bryan branch. ~~There can be no assurance that the OTS will approve the Business Plan or that, in the event of such approval, that each of any element of the plan will be successfully completed.~~Exhibits

~~Management~~ The ~~believes~~Exhibit ~~that~~referred ~~otherwise~~to ~~the deficiencies cited by the OTS~~ in ~~its~~Item ~~recent~~5 ~~report~~ of ~~examination~~ ofthis ~~the~~Report ~~Bank have been cured~~ and ~~that~~listed ~~the~~on ~~Bank is currently otherwise in substantial compliance with~~ the ~~Supervisory~~accompanying ~~Agreement. Compliance~~Exhibit ~~with~~Index ~~the Supervisory Agreement, however,~~ is ~~subject~~filed toas apart ~~determination~~ of ~~compliance~~this byReport ~~the OTS at the time of the Bank's next examination,~~ and ~~therefore~~is noincorporated ~~assurance~~herein ~~can~~by ~~be given that the Bank will be in compliance with the Supervisory Agreement at that time~~reference.

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SIGNATURES

~~The~~Pursuant ~~Supervisory~~to ~~Agreement~~the ~~will~~requirements ~~remain~~of ~~in effect until modified, terminated or suspended by~~ the ~~OTS.~~Securities AExchange ~~failure~~Act toof ~~comply~~1934, ~~with~~ the ~~Supervisory~~Registrant ~~Agreement~~has duly ~~could~~caused ~~result~~this inReport ~~the~~to ~~initiation~~be ~~of a~~signed ~~formal~~on ~~enforcement~~its ~~action~~behalf by the ~~OTS,~~undersigned ~~including~~thereunto ~~the~~duly ~~imposition of civil money penalties~~authorized.

~~The~~THE ~~foregoing~~BRYAN-COLLEGE ~~information~~STATIONFINANCIAL ~~does~~HOLDING ~~not~~COMPANY ~~purport~~Date: toFebruary be9, ~~complete~~2000 ~~and~~By: is/s/ ~~qualified~~David inRinehart ~~its~~David ~~entirety by~~Rinehart ~~reference~~President toand ~~the~~Chief ~~Supervisory~~Executive ~~Agreement attached hereto.~~Officer

EXHIBIT INDEX

When used in this Current Report on Form 8-K the words or phrases "will likely result," "are expected to," "will continue," "is anticipated," "hope," "estimate," "project," "believe" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Registrant, wishes to caution readers not to place undue reliance of any such forward-looking statements, which speak only as of the date made, and to advise readers that various factors, including regional and national economic conditions, changes in levels of market interest rates, credit risks of lending activities, and competitive and regulatory factors, could affect the financial performance of the Registrant or the Bank and could cause their results for future periods to differ materially from those anticipated or projected.

Exhibit No.	Description
99	Press Release, dated February 8, 2001

The Registrant, does not undertake, and specially disclaims any obligations, to publicly release the result of any revisions which may be made to any forward-looking statements in order to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

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

99 Supervisory Agreement dated September 22, 2000 between the Office of Thrift Supervision and First Federal Savings Bank

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.

THE BRYAN-COLLEGE STATIONFINANCIAL HOLDING COMPANY Date: December 21, 2000 By: /s/ Gary A. Snoe Gary A. Snoe Chairman of the Board

Exhibit No.	Description
99.1	Supervisory Agreement dated September 22, 2000 between the Office of Thrift Supervision and First Federal Savings Bank

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