SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13-G
Rule 13d - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS
THERETO FILED PURSUANT TO 13d-2(B)
(Amendment No. __)
BUTTON GWINNETT FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE PER SHARE
(Title of Class of Securites)
124-212-101
(CUSIP Number)
*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 contining 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).
1. Name of Reporting Person
S. S. or I. R. S. identification No. of Above Person
John D. Stephens
###-##-####
2. Check the appropriate box if a member of a group*
_
(a) |_|
_
(b) |_|
3. SEC Use Only
4. Citizenship or Place of Organiztion
United States of America
5. Sole Voting Power
562,562
6. Shares Voting Power
-0-
7. Sole Dispositive Power
562,562
8. Shared Dispositive Power
-0-
9. Aggregate Amount Beneficially Owned by Each Reporting Person
562,562
10. Check Box if the Aggregate Amount in Row (9) excludes Certain Shares
_
|_|
11. Percent of Class Represented by Amount in Row 9
37.4%
12. Type of Reporting Person*
IN
Item 1(a). Name of Issuer:
Button Gwinnett Financial Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
150 South Perry Street
Lawrenceville, Georgia 30045
Item 2(a). Name of Person Filing:
John D. Stephens
Item 2(b). Address of Principal Business office, or if None,
Residence:
150 South Perry Street
Lawrenceville, Georgia 30045
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e). CUSIP Number:
124-212-101
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is a:
Inapplicable
Item 4. Ownership:
(a) Amount beneficially owned: 562,562
(b) Percent of class: 37.4%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: 562,562;
(ii) shared power to vote or direct the vote: 0;
(iii) sole power to dispose or to direct the
disposition of: 562,562;
(iv) shared power to dispose or direct the disposition
of: 0.
Item 5. Ownership of Five Percent or Less of a Class:
Inapplicable
Item 6. Ownership of More than Five Percent on Behalf of
Another Person:
Inapplicable
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company:
Inapplicable
Item 8. Identification and Classification of the Members of the
Group:
Inapplicable
Item 9. Notice of Dissolution of Group:
Inapplicable
Item 10. Certification:
Inapplicable
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.
Date: February 12, 1998
Signature: /s/
Name: John D. Stephens
