SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-C
Report by Issuer of Securities quoted on NASDAQ
Inter-Dealer Quotation System Filed Pursuant to
Section 13 or 15(d) of the Securities Exchange Act
of 1934 and Rules 13a-17 and 15d-17 Thereunder
FIRST CHARTER CORPORATION
(Exact name of Issuer as Specified in Charter)
22 Union Street, North, Concord, North Carolina 28025
(Address of Principal Executive Offices)
(704) 786-3300
(Issuer's Telephone Number, Including Area Code)
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 .
2. Number of shares outstanding before the change
4,644,346.
3. Number of shares outstanding after the change
6,236,014.
4. Effective date of change December 21, 1995 .
5. Method of change:
Specify method (such as merger, acquisition, exchange,
distribution, stock split, reverse split, acquisition of stock
for treasury, etc.) Merger .
Give brief description of transaction Acquisition of Bank of
Union ("Union") by Issuer pursuant to merger of a wholly owned
interim banking subsidiary of Issuer with and into Union,
following which each share of Union common stock, $1.25 par value
per share, was converted into 0.75 shares of Issuer's common
stock, $5.00 par value per share.
II. CHANGE IN NAME OF USER
1. Name prior to change ________N/A___.
2. Name after change ________N/A___.
3. Effective date of charter amendment changing name
________N/A___.
4. Date of shareholder approval of change, if required
________N/A___.
Date: January 2, 1996
\S\ ROBERT O. BRATTON
Robert O. Bratton
Executive Vice President and Chief
Financial Officer
