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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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FIRST STATE CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
336907100
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(CUSIP Number)
Check the following box if a fee is being paid with this statement / /.
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7).
*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 1 of 5 Pages
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CUSIP No. 13G Page 2 of 5 Pages
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(1) Names of Reporting Person
S.S. or I.R.S. Identification Nos. of Above Person
First State Bank & Trust Company (as owner of record in various
relationships)
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(2) Check the Appropriate Box if a Member (a) / /
of a Group (b) / /
N/A
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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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Number of Shares (5) Sole Voting Power
Beneficially 596,406
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With 11,555
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(7) Sole Dispositive Power
2,316,442
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(8) Shared Dispositive Power
11,555
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
2,332,759
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(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares / /
N/A
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(11) Percent of Class Represented by Amount in Row (9)
33.91%
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(12) Type of Reporting Person
Bank
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Page 3 of 5 Page
Item 1(a). Name of Issuer:
First State Corporation
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Item 1(b). Address of Issuer's Principal Executive Offices:
333 W. Broad Street
Albany, Georgia 31701
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Item 2(a). Name of Person Filing:
First State Bank & Trust Company (as owner of record in various
relationships)
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Item 2(b). Address of Principal Business Office or, if None, Residence:
333 W Broad Street
Albany, Georgia 31701
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Item 2(c). Citizenship:
United States of America
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Item 2(d). Title of Class of Securities:
Common Stock
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Item 2(e). CUSIP Number:
336907100
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable
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Item 4. Ownership as of December 31, 1997:
(A) Amount beneficially owned: 2,332,759
(B) Percent of class: 33.91%
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Page 4 of 5 Pages
(c) Number of shares as to which such person has
(i) sole power to vote or to direct the vote: 596,406
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(ii) shared power to vote or to direct the vote: 11,555
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(iii) sole power to dispose or to direct the disposition of:
2,316,442
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(iv) shared power to dispose or to direct the disposition of: 11,555
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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 the Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
Not Applicable
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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.
Date: January 27, 1998
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By: FIRST STATE BANK & TRUST CO.
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Signature: Joseph B. Powell Jr.
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Name: Joseph B. Powell Jr.
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Title: Executive Vice President--Trust
Division
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