UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 16)*
ONE VALLEY BANCORP, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
682419 10 6
(CUSIP Number)
December 31, 1999
(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)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 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>
SCHEDULE 13G
CUSIP NO. 682419 10 6 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.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
West Virginia
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(5) SOLE VOTING POWER
647,280 shares held as sole trustee or sole executor
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NUMBER OF (6) SHARED VOTING POWER
SHARES 1,510,487 shares in which Bank shares voting power;
BENEFICIALLY Bank as a policy decision permits other co-trustees
OWNED BY to vote shares
EACH -----------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON 647,842
WITH -----------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
2,774,672
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,322,514
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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
9.94%
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(12) TYPE OF REPORTING PERSON
BK
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<PAGE>
SCHEDULE 13G
CUSIP NO. 682419 10 6 Page 3 of 5 Pages
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 RULE 13d-1(b), OR RULE
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(B) [X] Bank as defined in Section 3(a)(6) of the Exchange Act.
<PAGE>
SCHEDULE 13G
CUSIP NO. 682419 10 6 Page 4 of 5 Pages
Item 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED:
3,322,514
(b) PERCENT OF CLASS:
9.94%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE
647,280
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE
1,510,487
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
647,842
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE DISPOSITION OF
2,774,672
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 one individual, R. Marshall Evans, has 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)
<PAGE>
SCHEDULE 13G
CUSIP NO. 682419 10 6 Page 5 of 5 Pages
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.
February 7, 2000
By /s/ PHYLLIS HUFF ARNOLD
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Phyllis Huff Arnold
President and CEO
One Valley Bank, National Association
