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) May 24, 2005 (May 19, 2005)

Illini Corporation

(Exact name of registrant as specified in its charter)

Illinois
(State or other jurisdiction of incorporation)

0-13343		37-1135429
(Commission File Number)		(IRS Employer Identification No.)

3200 West Iles Avenue Springfield, Illinois		62707
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (217) 787-5111

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On May 19, 2005, Illini Corporation appointed R. Neil Richardson, a certified public accountant, to the board of directors to fill the remaining term of former director, John H. Pickrell who passed away on December 20, 2004. Mr. Richardson was also appointed to Illini Corporation’s compensation committee.

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.

ILLINI CORPORATION
(Registrant)


By:	/s/ Gaylon E. Martin
		Gaylon E. Martin, President and Chief Executive Officer

Dated: May 24, 2005

ILLINI CORP 8-K