Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Morton Barry
2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2005
3. Issuer Name and Ticker or Trading Symbol
BANC CORP [TBNC]
(Last)
(First)
(Middle)
400 SHADES CREEK PARKWAY, SUITE 200
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

BIRMINGHAM, AL 35209
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 281,300 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   (2) 06/20/2010 Common Stock 2,500 $ 6 D  
Stock Option   (3) 06/19/2011 Common Stock 5,000 $ 6.65 D  
Stock Option   (4) 07/31/2012 Common Stock 2,500 $ 7.67 D  
Stock Option   (5) 06/15/2014 Common Stock 5,000 $ 6.25 D  
Stock Option   (6) 04/20/2015 Common Stock 5,000 $ 9.96 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Morton Barry
400 SHADES CREEK PARKWAY
SUITE 200
BIRMINGHAM, AL 35209
  X      

Signatures

/s/ F. Hampton McFadden, Jr., Attorney-in-fact 08/17/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 2500 shares of restricted stock vesting in equal annual installments from April 24, 2005 through April 24, 2007.
(2) This option vests in five equal annual installments beginning on June 20, 2000, the grant date.
(3) This option vests in five equal annual installments beginning on June 19, 2001, the grant date.
(4) This option vests in five equal annual installments beginning on July 31, 2002, the grant date.
(5) This option vests in five equal annual installments beginning on June 15, 2004, the grant date.
(6) This option vests (a) 50% when the market price of the stock is at least $12.00 but not more than $14.00 per share, (b) 50% when such market price is at least $14.00 per share, or (c) to the extent not otherwise vested, five years from the date of grant.

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