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OMB APPROVAL
OMB No. 3235-0145
Expires September 30, 1998
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
Under the Securities Exchange Act of 1934
GEORGIA-CAROLINA BANCSHARES, INC.
---------------------------------
(Name of Issuer)
$.001 PAR VALUE COMMON STOCK
----------------------------
(Title of Class of Securities)
373145-10-1
-----------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on the following pages)
Page 1 of 7 Pages
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- ------------------------------- -----------------------------
CUSIP No.373145-10-1 13G Page 2 of 7 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Prime Group, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
58-1730709
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of Georgia
- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
-------------------------------------------------------------
SHARES
6 SHARED VOTING POWER
BENEFICIALLY 59,058
-------------------------------------------------------------
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
59,058
WITH
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,058
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*
[ ]
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 2 OF 7 PAGES
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CUSIP No.373145-10-1 13G Page 3 of 7 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Victor J. Mills
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
-------------------------------------------------------------
SHARES
6 SHARED VOTING POWER
BENEFICIALLY 59,058
-------------------------------------------------------------
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
59,058
WITH
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,058
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*
[ ]
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 3 OF 7 PAGES
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- -------------------------- ------------------------
CUSIP No.373145-10-1 13G Page 4 of 7 Pages
- ---------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Oliver W. Owens
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
- ---------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ]
(b)[ ]
- ---------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- ---------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES
-------------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY 59,058
OWNED BY
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
59,058
WITH
- ---------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,058
- ---------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
SHARES*
[ ]
- ---------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.1%
- ---------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
PAGE 4 OF 7 PAGES
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Item 1(a). Name of Issuer.
- ---------- ---------------
Georgia-Carolina Bancshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices.
- ---------- ------------------------------------------------
110 East Hill Street, Thomson, Georgia 30824
Item 2(a). Name of Persons Filing.
- ---------- -----------------------
Prime Group, Inc., a Georgia corporation; Victor J. Mills; and
Oliver W. Owens.
Item 2(b). Address of Principal Business Office or, if none, Residence.
- ---------- ------------------------------------------------------------
Prime Group, Inc. Suite 400, 699 Broad Street, Augusta, Georgia
-----------------
30901
Victor J. Mills 736 Jones Creek, Evans, Georgia 30809
---------------
Oliver W. Owens 3535 Pebble Beach Drive, Augusta, Georgia 30907
---------------
Item 2(c). Citizenship.
- ---------- ------------
Prime Group, Inc. is incorporated under the laws of the state of
Georgia. Messrs. Mills and Owens are citizens of the United States
of America.
Item 2(d). Title of Class of Securities.
- ---------- ----------------------------
Common stock, $.001 par value per share.
Item 2(e). CUSIP Number.
- ---------- -------------
373145-10-1
Item 3. If this statement is filed pursuant to Rules 13d-(b), or 13d-2(b),
- ------- ------------------------------------------------------------------
check whether the person filing is a:
-------------------------------------
Not Applicable.
Item 4(a). Amount Beneficially Owned as of December 31, 1997.
- ---------- --------------------------------------------------
59,058 shares
Item 4(b). Percent of Class.
- ---------- -----------------
9.1%
Page 5 of 7 Pages
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Item 4(c). Number of Shares as to which such person has:
- ---------- ---------------------------------------------
(i) sole power to vote or to direct the vote: Prime-0
Mills-0
Owens-0
(ii) shared power to vote or to direct the vote Prime-59,058
Mills-59,058
Owens-59,058
(iii) sole power to dispose or to direct the disposition of:
Prime-0
Mills-0
Owens-0
(iv) shared power to dispose or to direct the disposition of:
Prime-59,058
Mills-59,058
Owens-59,058
Item 5. Ownership of Five Percent or Less of a Class.
- ------- ---------------------------------------------
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
- ------- ---------------------------------------------------------------
Victor J. Mills and Oliver W. Owens, in their capacity as the only
shareholders of Prime Group, Inc., have the power to direct the
receipt of dividends from, or the proceeds from the sale of, the
securities.
Item 7. Identification and Classification of the Subsidiary Which Acquired
- ------- ------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company.
-----------------------------------------------------------
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
- ------- ----------------------------------------------------------
Not Applicable.
Item 9. Notice of Dissolution of Group.
- ------- -------------------------------
Not Applicable.
Item 10. Certification.
- -------- --------------
Not Applicable.
Page 6 of 7 Pages
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Signature.
- ----------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Prime Group, Inc.
February 10, 1998 By: /s/ Victor J. Mills
- ---------------------- ---------------------------------
Date Victor J. Mills, As Its President
February 10, 1998 /s/ Victor J. Mills
- ---------------------- ---------------------------------
Date Victor J. Mills
February 10, 1998 /s/ Oliver W. Owens
- ---------------------- ---------------------------------
Date Oliver W. Owens
Page 7 of 7 Pages
