ONE VALLEY BANCORP INC
8-K, 1997-04-24
STATE COMMERCIAL BANKS
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                      SECURITIES AND EXCHANGE COMMISSION     
                            Washington, D.C.  20549     
                                      
                                      
                                   FORM 8-K     
                                      
                                CURRENT REPORT     
                                      
                                      
                                      
                    PURSUANT TO SECTION 13 OR 15(d) OF THE     
                        SECURITIES EXCHANGE ACT OF 1934     
                                      
                                      
    Date of Report (Date of earliest event reported) April 22, 1997     
                                      
                                      
                                      
                           ONE VALLEY BANCORP, INC.     
            (Exact name of registrant as specified in its charter)     
                                      
                                      
         West Virginia             0-10042            55-0609408     
 (State or other jurisdiction    (Commission       (I.R.S. Employer      
      of incorporation)         File Number)     Identification No.)     
                                      
                                      
              One Valley Square, Charleston, West Virginia  25326     
                   (Address of principal executive offices)     
                                  (Zip Code)     
                                      
                                      
                                (304) 348-7000     
             (Registrant's telephone number, including area code)     
                                      
                                      
                                Not applicable                      
  (Former name, address, and fiscal year, if changed since last  
report)     
     
     
<PAGE>     
                          One Valley Bancorp, Inc.     
                                      
Item 5.   Other Events    
    
On April 22, 1997, One Valley Bancorp, Inc., announced that it has filed 
a listing application with the New York Stock Exchange (NYSE) and has 
been informed by the NYSE that One Valley meets the eligibility 
requirements for listing its Common Stock. 
 
Pending NYSE authorization, One Valley trading on the NYSE is 
anticipated to begin in late May 1997.  One Valley expects to be 
assigned a NYSE symbol within the next few weeks, which will be 
announced prior to listing. 
 
J. Holmes Morrison, President & CEO of One Valley said "One Valley's 
listing on the New York Stock Exchange is a significant event that we 
believe will provide greater liquidity, reduced volatility, tighter 
quotation spreads and a larger market for our shareholders.  This step 
is intended to continue the evolution of providing the greatest value 
for One Valley and its shareholders." 
 
One Valley Bancorp is the largest bank holding company based in West 
Virginia with $4.4 billion in total assets.  The company operates 12 
affiliate banks with 89 locations--79 of which are in West Virginia and 
10 in Virginia. 
 
     
<PAGE>     
     
   
     
     
                               SIGNATURES     
     
     Pursuant to the requirements of the Securities Exchange Act of   
1934, the Registrant has duly caused this report to be signed on its   
behalf by the undersigned hereunto duly authorized.     
     
     
                            One Valley Bancorp, Inc.     
     
DATE   April 24, 1997       
     
                            BY  /S/ Laurance G. Jones                      
                                    Laurance G. Jones     
                                    Executive Vice President &     
                                     Chief Financial Officer     
 
 


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