GRANITE STATE BANKSHARES INC, 10-C, 1996-03-27

GRANITE STATE BANKSHARES INC
10-C, 1996-03-27
STATE COMMERCIAL BANKS
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               SECURITIES AND EXCHANGE COMMISSION
                     Washington,  DC  20549
                           Form 10-C
        Report by Issuer of Securities Quoted on NASDAQ
                  Interdealer Quotation System
          Filed pursuant to Section 13 or 15(d) of the
        Securities Exchange Act of 1934 and Rule 13a-176
                      or 15d-17 thereunder


                 Granite State Bankshares, Inc.
          -------------------------------------------
         (Exact name of issuer as specified in charter)


         122 West Street,  Keene,  New Hampshire  03431
         ----------------------------------------------
            (Address of principal executive offices)


Issuer's telephone number, including area code   (603) 352-1600
                                                ------------------


           I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of 
shares outstanding

1.  Title of security...................................Common Stock
                                                        ----------------------
2.  Number of shares outstanding before the change......2,160,181
                                                        ----------------------
3.  Number of shares outstanding after the change.......2,045,081
                                                        ----------------------
4.  Effective date of change............................November 7, 1995
                                                        ----------------------
5.  Method of change:

    Specify method (such as merger, acquisition, exchange, distribution, stock 
split, reverse split, acquisition of stock for treasury, etc.)................
         Acquisition of stock for treasury
         -----------------------------------
    Give brief description of transaction.....................................
         Acquisition of common stock pursuant to a stock repurchase program.
         ---------------------------------------------------------------------

                 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.
                                                        ----------------------
Date    March 27, 1996          /s/ William G. Pike  Executive Vice Pres & CFO
       ----------------         ----------------------------------------------
                                (Officer's signature & title)