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UNITED STATES
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. 1)*
CNB Holdings, Inc.
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(Name of Issuer)
Common Stock, $1.00 par value
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(Title of Class of Securities)
12612 F 101000
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(CUSIP Number)
December 31, 1998
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(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)
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*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).
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CUSIP No. 12612 F 101000 Page 2 of 5 Pages
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(1) Names of Reporting Persons.
I.R.S. Identification No. of above persons (entities only).
W. David Sweatt
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
United States of America
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5 SOLE VOTING POWER
NUMBER OF 77,000
SHARES
BENEFICIALLY ------ --------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 25,000
PERSON ------ --------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
77,000
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8 SHARED DISPOSITIVE POWER
25,000
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
102,000
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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)
8.26%
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(12) Type of Reporting Person
IN
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Page 3 of 5 pages
ITEM 1.
(a) Name of Issuer
CNB Holdings, Inc.
(b) Address of Issuer's Principal Executive Offices
7855 North Point Parkway
Suite 200
Alpharetta, Georgia 30022
ITEM 2.
(a) Name of Person Filing
W. David Sweatt
(b) Address of Principal Business Office or, if none, Residence
1580 Warsaw Road
Roswell, Georgia 30076
(c) Citizenship
United States of America
(d) Title of Class of Securities
Common Stock, $1.00 par value
(e) CUSIP Number
12612 F 101000
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), 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: 102,000 Shares
(b) Percent of Class: 8.26%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 77,000
(ii) Shared power to vote or to direct the vote: 25,000
(iii) Sole power to dispose or to direct the disposition:
77,000
(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
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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. CERTIFICATION
(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.
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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: February 10, 1999
/s/ W. David Sweatt
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W. David Sweatt
