UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 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): August 14, 2006

                      HALLMARK FINANCIAL SERVICES, INC.
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            (Exact Name of Registrant as Specified in Its Charter)

                                    Nevada
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                (State or Other Jurisdiction of Incorporation)

             0-16090                                 87-0447375
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     (Commission File Number)             (IRS Employer Identification No.)


 777 Main Street, Suite 1000, Fort Worth, Texas               76102
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 (Address of Principal Executive Offices)                   (Zip Code)

                                 817-348-1600
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             (Registrant's Telephone Number, Including Area Code)

                                Not Applicable
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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))



 Item 2.02  Results of Operations and Financial Condition

      On August 14, 2006,  the Registrant issued  a press release  announcing
 its financial  results  for  the second  quarter  of 2006.  A  copy  of  the
 Registrant's  press  release is  attached as  Exhibit  99.1 to  this Current
 Report.


 Item 9.01  Financial Statements and Exhibits

 (c)  Exhibits.

      99.1 Press release dated August 14, 2006


                                  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 duly authorized.

                               HALLMARK FINANCIAL SERVICES, INC.


 Date:     August 15, 2006     By:  /s/ Mark J. Morrison
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                               Mark J. Morrison, Chief Executive Officer
                               and President