HOMELAND BANKSHARES CORP
10-C, 1996-07-02
NATIONAL COMMERCIAL BANKS
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     FORM 10-C
              

     Securities and Exchange Commission
     Washington, DC  20549

     Report by  issuer of securities  quoted on The  Nasdaq Stock  Market, filed
     pursuant to  Section 13 or 15(d) of the Securities Exchange Act of 1934 and
     Rule 13a-17 or 15d-17 thereunder.  


     EXACT  NAME OF  ISSUER  AS  SPECIFIED  IN  CHARTER:    Homeland  Bankshares
     Corporation

     ADDRESS OF PRINCIPAL EXECUTIVE OFFICES:   229 East Park Ave., Waterloo,  IA
     50704-5300

     ISSUER'S TELEPHONE NUMBER (INCLUDING AREA CODE):  (319) 291-5421


     I.   Change in Number of Shares Outstanding
     Indicate  any change (increase or decrease) of  five percent or more in the
     number of shares outstanding:

     1.   Title of security:  Common Stock ($12.50 Par)
     2.   Numbers of shares outstanding before the change:  5,768,578
     3.   Number of shares outstanding after the change:  5,703,378
     4.   Effective date of change:  June 30, 1996
     5.   Method  of  change:  Repurchased shares.
 
    Specify method (such as  merger, acquisition, exchange, distribution, 
    stock split, reverse split, acquisition of stock for treasury, etc.): 
    Repurchased shares. 
    Give brief description of transaction:  65,200 shares repurchased.


     II.  Change in Name of Issuer
     1.   Name prior to change:  
     2.   Name after change:  
     3.   Effective date of charter amendment changing name:  
     4.   Date of shareholder approval of change, if required:  


       July 2, 1996
     ---------------------------------------------------------------------------
     DATE                     Robert S. Kahler
                              Executive Vice President and CFO

     Return to:     The Nasdaq Stock Market
                    Attn:  10C Form
                    80 Merritt Boulevard
                    Trumbull, CT  06611
                    (203) 375-9609




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