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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
(AMENDMENT NO. ____)*
Georgia-Carolina Bancshares, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
373 145 101
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(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 the
disclosures provided in a prior cover page.
The information required in 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 page(s))
Page 1 of 5 Pages
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<TABLE>
<CAPTION>
CUSIP No. 373145 101 Page 2 of 5 Pages
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13G
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<S> <C>
1 NAME OF REPORTING PERSON
George O. Hughes
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
NUMBER OF 34,810
SHARES -------------------------------------------------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 4,914
REPORTING -------------------------------------------------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 34,810
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8 SHARED DISPOSITIVE POWER
- 0 -
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
39,724
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES*
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.3%
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12 TYPE OF REPORTING PERSON*
IN
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</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 5 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 Person Filing.
This statement is filed by George O. Hughes, with respect to the
shares of common stock of Georgia- Carolina Bancshares, Inc. (the
"Company") beneficially owned by him and his company, G.O. Hughes
Furniture Co., Inc.
Item 2(b). Address of Principal Business Office or, if none, Residence.
626 Beechwood Drive
Thomson, Georgia 30824
Item 2(c). Citizenship.
Mr. Hughes is a citizen of the United States.
Item 2(d). Title of Class of Securities.
Common Stock, .001 par value per share
Item 2(e). CUSIP Number.
373145 101
Item 3. If this statement is filed pursuant to Rule 13d-1(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.
Mr. Hughes beneficially owns 39,724 shares of the Company's
common stock, 4,914 of which are held in the name of Mr. Hughes'
wife.
Item 4(b). Percent of Class.
6.3%
Page 3 of 5 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: 34,810
(ii) shared power to vote or to direct the vote: 4,914
(iii) sole power to dispose or to direct the disposition
of: 34,810
(iv) shared power to dispose or to direct the disposition
of: - 0 -
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.
Not applicable.
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.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
Page 4 of 5 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.
February 13, 1998 /s/ George O. Hughes
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George O. Hughes
Page 5 of 5 Pages
