SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 14)
JEFFERSON BANKSHARES, INC.
(Name of Issuer)
Common Stock, $2.50 Par Value
(Title of Class of Securities)
472387 10 9
(CUSIP Number)
Check the following box if a fee is being
paid with this statement ( )
CUSIP No. 472387 10 9
(1) Names of Reporting Persons: Jefferson National Bank
S. S. or I.R.S. Identification 54-1206449
Nos. of Above Persons
(2) Check the Appropriate Box if (a)
a Member of a Group (b)
(3) SEC Use Only
(4) Citizenship or Place of Organization: United States
of America
Number of Shares (5) Sole Voting Power 283,325
Beneficially Owned (Though authorized by instrument,
by Each Reporting Virginia law prohibits fiduciary's
Person with voting stock of parent.)
(6) Shared Voting Power 415,742
(7) Sole Dispositive Power 323,412
(8) Shared Dispositive Power 225,985
(9) Aggregate Amount Beneficially
Owned by Each Reporting Person 699,068
(10) Check if the Aggregate Amount in Row (9)
excludes Certain Shares
(11) Percent of Class Represented By Amount in Row (9) 4.6%
(12) Type of Reporting Person BK
Item
1. (a) Name of Issuer: Jefferson Bankshares, Inc.
(b) Address of Issuer's Principal Executive Offices:
123 East Main Street; Charlottesville, Virginia 22902
2. (a) Name of Person Filing: Jefferson National Bank
(b) Address of Principal Business Office or, if none,
Residence: 123 East Main Street; Charlottesville,
Virginia 22902
(c) Citizenship: United States of America
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 472387 10 9
3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b),
check whether the person filing is a
(a) ( ) Broker or dealer registered under Section 15 of the Act
(b) (X) Bank as defined in Section 3(a)(b) of the Act
(c) ( ) Insurance company as defined in Section 3(a)(19) of the
Act
(d) ( ) Investment company registered under Section 8 of the
Investment Company Act
(e) ( ) Investment adviser registered under Section 203 of the
Investment Advisers Act of 1940
(f) ( ) Employee benefit plan, pension fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or endowment fund
(g) ( ) Parent holding company, in accordance with Regulation
Section 240.13d-1(b)(ii)(G)
(h) ( ) Group, in accordance with Regulation Section 240.13d-
(b)(ii)(H)
4. Ownership.
As of December 31, 1994, the Reporting Person owned shares of the
stock with respect to which this statement is filed as follows:
(a) Amount beneficially owned: 699,068
(b) Percent of class: 4.6%
(c) Number of shares as to which the Reporting Person has:
(i) Sole power to vote or direct the vote: 283,325
(ii) Shared power to vote or direct the vote: 415,742
(iii) Sole power to dispose of or to direct
the disposition of: 323,412
(iv) Shared power to dispose of or to direct
the disposition of: 225,985
Though an instrument may grant the power to vote stock held by
Jefferson National Bank of its parent, Jefferson Bankshares, Inc.,
Virginia law prohibits the exercise of such power.
5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be beneficial owner
of more than five percent of the class of securities, check the
following: (X)
6. Ownership of More than Five Percent on Behalf of Another Person.
7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
8. Identification and Classification of Members of the Group.
9. Notice of Dissolution of the Group.
10. Certification.
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.
Jefferson National Bank
O. Kenton McCartney
President and
Chief Executive Officer
Date: January 20, 1995
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