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)                   July 28, 2006
                                                                   -------------


                       EXCHANGE NATIONAL BANCSHARES, INC.
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             (Exact name of registrant as specified in its charter)


Missouri                               0-23636                  43-1626350
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(State or other jurisdiction    (Commission File Number)     (I.R.S. Employer
of incorporation)                                           Identification No.)


132 East High Street, Jefferson City, Missouri                          65101
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   (Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code    (573) 761-6100
                                                      --------------


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          (Former name or former address, 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 (see General Instruction A.2. below):

[ ]     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 8.01  OTHER EVENTS

ITEM 8.01     OTHER EVENTS.

         On July 28, 2006, Exchange National Bancshares, Inc. issued a press
release announcing 2nd quarter 2006 earnings. The full text of the press release
is furnished as an exhibit to this report on Form 8-K.

SECTION 9.01  FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS

      (d)     Exhibits

      Exhibit No.    Description
      -----------    -----------

      Exhibit 99     Exchange National Bancshares, Inc. press release dated
                     July 28, 2006


                                *   *   *



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                                   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.


                                              EXCHANGE NATIONAL BANCSHARES, INC.


Date: July 28, 2006
                                              By: /s/ James E. Smith
                                                  ------------------------------
                                                  James E. Smith
                                                  Chairman and CEO



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                                  EXHIBIT INDEX

      Exhibit No.    Description
      -----------    -----------

      Exhibit 99     Exchange National Bancshares, Inc. press release dated
                     July 28, 2006.



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