FIRST BANKING CO OF SOUTHEAST GEORGIA
10-C, 1995-04-24
STATE 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:  First Banking Company of Southeast Georgia
                                               -------------------------------------------------------------------------------------
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES:  40 North Main Street, Statesboro, Georgia  30458
                                         -------------------------------------------------------------------------------------------
ISSUER'S TELEPHONE NUMBER (INCLUDING AREA CODE):  (912)-764-6611
                                                  ----------------------------------------------------------------------------------
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, $1 Par Value
                      --------------------------------------------------------------------------------------------------------------
2.  Number of shares outstanding before the change               1,663,712 shares
                                                  ----------------------------------------------------------------------------------
3.  Number of shares outstanding after the change  2,661,939 shares maximum
                                                  ----------------------------------------------------------------------------------
4.  Effective date of change Record date of 5-1-95 for distribution 5-15-95
                             -------------------------------------------------------------------------------------------------------
5.  Method of change Increase number of shares outstanding - issue stock certificates for additional shares
                     ---------------------------------------------------------------------------------------------------------------
Specify method (such as merger, acquisition, exchange, distribution, stock split, reverse split, acquisition of 
stock for treasury, etc.) 60% stock dividend
                          ----------------------------------------------------------------------------------------------------------
Give brief description of transaction 60% stock dividend
                                      ----------------------------------------------------------------------------------------------

II.  CHAGE IN NAME OF ISSUER
1.  Name prior to change  N/A
                          ----------------------------------------------------------------------------------------------------------
2.  Name after change     
                          ----------------------------------------------------------------------------------------------------------
3.  Effective date of charter amendment changing name
                                                     -------------------------------------------------------------------------------
4.  Date of shareholder approval of change, if required
                                                       -----------------------------------------------------------------------------

                                 
April 21, 1995                     /s/ Dwayne E. Rocker                                       Dwayne E. Rocker, Secretary/Treasurer
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DATE                          OFFICER'S SIGNATURE AND TITLE

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

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