<PAGE>
OMB APPROVAL
---------------------------
OMB Number: 3235-0145
Expires: September 30, 1988
Estimated average burden
hours per response....14.90
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 13 )*
-------------
ONE VALLEY BANCORP, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
682419 10 6
------------------
(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>
CUSIP No. 682419 10 6 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
One Valley Bank, National Association, as executor or trustee under certain
estates and trusts holding stock of the issuer. One Valley Bank, National
Association is a wholly-owned subsidiary of the issuer.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
567,728 shares held as sole trustee or sole executor
6 SHARED VOTING POWER
1,288,587 shares in which Bank shares voting power; Bank as a
policy decision permits other co-trustees to vote shares
7 SOLE DISPOSITIVE POWER
566,113
8 SHARED DISPOSITIVE POWER
2,299,936
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,866,049
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.87%
12 TYPE OF REPORTING PERSON*
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
2
<PAGE>
Item 1(a). Name of Issuer:
One Valley Bancorp, Inc.
-------------------------------------------------
Item 1(b). Address of Issuer's Principal Executive Offices:
One Valley Square
------------------------------------------------------------------
Charleston, West Virginia 25301
------------------------------------------------------------------
Item 2(a). Name of Person Filing:
One Valley Bank, National Association (a wholly-owned subsidiary of the Issuer),
- --------------------------------------------------------------------------------
as Trustee and Co-trustee under certain trusts
- --------------------------------------------------------------------------------
Item 2(b). Address of Principal Business Office or, if none,
Residence:
One Valley Square
- --------------------------------------------------------------------------------
Charleston, West Virginia 25301
- --------------------------------------------------------------------------------
Item 2(c). Citizenship:
United States of America
- --------------------------------------------------------------------------------
Item 2(d). Title of Class of Securities:
Common Stock
- --------------------------------------------------------------------------------
Item 2(e). CUSIP Number:
682419 10 6
- --------------------------------------------------------------------------------
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)
Item 4. Ownership.
(a) Amount Beneficially Owned:
2,866,049
------------------------------------------------------------------
3
<PAGE>
(b) Percent of Class:
12.87%
--------------------------------------------------------
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote 567,728
-------
(ii) shared power to vote or to direct the
vote 1,288,587
---------
(iii) sole power to dispose or to direct the
disposition of 566,113
-------
(iv) shared power to dispose or to direct the
disposition of 2,299,936
-----------
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:
All shares are held by the Bank as trustee, co-trustee, executor or
co-executor, and numerous individuals have the right to receive or the
power to direct the receipt of dividends from or the proceeds from the
sale of such securities. However, at the present only three
individuals, Mary Price Ratrie, R. Marshall Evans Jr. and Charles C.
Dickinson, III, have the right to receive or the power to direct the
receipt of dividends from more than 5% of these securities.
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 Members of the Group:
(Not applicable)
4
<PAGE>
Item 9. Notice of Dissolution of Group:
(Not applicable)
Item 10. Certification.
(Not applicable)
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.
January 27, 1997
- --------------------------------------------------------------------------------
Date
/s/ Phyllis Huff Arnold
- --------------------------------------------------------------------------------
Signature
Phyllis Huff Arnold, Pres. & CEO, One Valley Bank, National Association
- --------------------------------------------------------------------------------
Name/Title
5
