<PAGE> 1
Page 1 of 5 pages
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO
FILED PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. ___________)*
CNB Holdings, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $1.00 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
12612 F 101000
-----------------------
(CUSIP Number)
June 12, 1998
------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
- --------------------
*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).
<PAGE> 2
Page 2 of 5 pages
CUSIP No. 12612 F 101000
--------------
<TABLE>
<S> <C>
- --------------------------------------------------------------------------------------------
(1) Names of reporting persons
I.R.S. Identification No. of above persons (entities only)
W. David Sweatt
---------------------------
- --------------------------------------------------------------------------------------------
(2) Check the appropriate box if a member of a group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------------------
(3) SEC use only
- --------------------------------------------------------------------------------------------
(4) Citizenship or place of organization U.S.A.
--------------------------------------
- --------------------------------------------------------------------------------------------
(5) Sole Voting Power 58,500
--------------------------------------
Number of --------------------------------------------------------------------------
Shares
Beneficially (6) Shared Voting Power 25,000
Owned by --------------------------------------
Each --------------------------------------------------------------------------
Reporting
Person (7) Sole Dispositive Power 58,500
With --------------------------------------
--------------------------------------------------------------------------
(8) Shared Dispositive Power 25,000
--------------------------------------
- --------------------------------------------------------------------------------------------
(9) Aggregate amount beneficially owned by each reporting person 83,500
--------------------
- --------------------------------------------------------------------------------------------
(10) Check box if the aggregate amount in row (9) excludes certain shares [ ]
- --------------------------------------------------------------------------------------------
(11) Percent of class represented by amount in row (9) 6.8%
-------------------------------
- --------------------------------------------------------------------------------------------
(12) Type of reporting person IN
-------------------------------
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
Page 3 of 5 pages
ITEM 1.
(a) CNB Holdings, Inc.
(b) 7855 North Point Parkway, Suite 200
Alpharetta, Georgia 30022
ITEM 2.
(a) W. David Sweatt
(b) 1580 Warsaw Road
Roswell, Georgia 30076
(c) United States
(d) Common Stock, $1.00 par value
(e) 12612 F 101000
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: Not
applicable
IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(c), CHECK
THIS BOX. [X]
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 83,500 shares
(b) Percent of Class: 6.8%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
58,500
(ii) shared power to vote or to direct the vote:
25,000
(iii) sole power to dispose or to direct the
disposition: 58,500
(iv) shared power to dispose or to direct the
disposition: 25,000
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
<PAGE> 4
Page 4 of 5 pages
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 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. CERTIFICATIONS
(a) Not applicable
(b) The following certification shall be included if the
statement is filed pursuant to Rule 13d-1(c):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.
<PAGE> 5
Page 5 of 5 pages
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.
Dated: September 4, 1998
/s/ W. David Sweatt
--------------------------------------------
W. David Sweatt
