PREMIER BANCSHARES INC /GA
POS AM, 1998-08-31
STATE COMMERCIAL BANKS
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As Filed With the Securities and Exchange Commission on August 31, 1998
                                                   Registration No. 333-50535
_____________________________________________________________________________
                              
             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C.  20549
              ________________________________
                              
               POST-EFFECTIVE AMENDMENT NO. 2
                             TO
                          FORM S-4
                   REGISTRATION STATEMENT
                            UNDER
                 THE SECURITIES ACT OF 1933
              ________________________________
                              
                  PREMIER BANCSHARES, INC.
                  ------------------------
   (Exact name of registrant as specified in its charter)
                              
   Georgia                     6025                    58-1793778
- ---------------         ------------------         -------------------
(State or Other         (Primary Standard            (I.R.S. Employer
Jurisdiction of         Industrial Classi-        Identification Number)
Incorporation or        fication Code Number)
Organization)
                              
                     2180 Atlanta Plaza
                  950 East Paces Ferry Road
                   Atlanta, Georgia 30326
                       (404) 814-3090
                              

_______________________________________________________________________

     (Address, Including Zip Code, and Telephone Number, Including
       Area Code, of Registrant's Principal Executive Offices)
                              
                  Steven S. Dunlevie, Esq.
                 Elizabeth O. Derrick, Esq.
            Womble Carlyle Sandridge & Rice, PLLC
           Suite 700, 1275 Peachtree Street, N.E.
                   Atlanta, Georgia  30309
                       (404) 872-7000
                              
      (Name, Address, Including Zip Code, and Telephone
     Number, Including Area Code, of Agent for Service)

____________________________________________________________

Approximate date of commencement of the proposed sale of the
securities to the public:  As soon as practicable after this
Registration Statement becomes effective.

If  the  securities being registered on this Form are  being
offered  in  connection  with the  formation  of  a  holding
company and there is compliance with General Instruction  G,
check the following box.  [_]

If  this Form is filed to register additional securities for
an  offering  pursuant to Rule 462(b) under  the  Securities
Act,   check  the following box and list the Securities  Act
registration  statement  number  of  the  earlier  effective
registration statement for the same offering.  [_]

If this Form is a post-effective amendment filed pursuant to
Rule  462(d) under the Securities Act , check the  following
box  and  list  the  Securities Act  registration  statement
number  of the earlier effective registration statement  for
the same offering.  [_]


                  DEREGISTRATION OF SHARES

      Premier  Bancshares,  Inc. (the  "Registrant")  hereby
deregisters  466,944 of the 8,212,733 shares of  its  common
stock,  par  value  $1.00 per share  (the  "Common  Stock"),
registered  on  its  Registration  Statement  on  Form   S-4
(Registration  No.  333-50535) for  public  issuance.   This
Registration Statement covered the maximum number of  shares
which  could have been issued pursuant to the terms of  that
certain  Agreement and Plan of Reorganization by and between
the Registrant and The Bank Holding Company ("BHC") dated as
of  December  3,  1997,  as amended on  December  18,  1997,
December  23, 1997, December 31, 1997, January 15, 1998  and
March  16,  1998, and pursuant to the terms of that  certain
Agreement  and  Plan of Reorganization by  and  between  the
Registrant   and   Button  Gwinnett  Financial   Corporation
("Button Gwinnett") dated as of February 5, 1998, as amended
on  April  29, 1998 (collectively, the "Merger Agreements").
Pursuant to the Merger Agreements, the outstanding shares of
BHC and Button Gwinnett were converted into 7,745,789 shares
of   the  Registrant's  Common  Stock  and,  therefore,  the
Registrant  did  not  issue the total number  of  shares  of
Common Stock registered.

                         SIGNATURES

      Pursuant to the requirements of the Securities Act  of
1933,  the  Registrant  has  duly caused  this  Registration
Statement  to  be  signed on its behalf by the  undersigned,
thereunto duly authorized, in the City of Atlanta, State  of
Georgia, on August __, 1998.

                                   PREMIER BANCSHARES, INC.

                                   By: /s/ Darrell D. Pittard
                                       ----------------------
                                       Darrell D. Pittard, Chairman and
                                       Chief Executive Officer

     SIGNATURES

      Pursuant to the requirements of the Securities Act  of
1933,  this Registration Statement has been signed below  by
the  following persons in the capacities and  on  the  dates
indicated.

     Signature                     Title                       Date
     ---------                     -----                       ----

- ----------------                   Director              August 31, 1998
John E. Aderhold                   


/s/ N. Michael Anderson*           Director              August 31, 1998
- -----------------------
N. Michael Anderson


/s/ George S. Carpenter, Jr.*      Director              August 31, 1998
- ----------------------------
George S. Carpenter, Jr.


/s/ James L. Coxwell, Sr.*         Director              August 31, 1998
- -------------------------
James L. Coxwell, Sr.


/s/ Donald N. Ellis*               Director              August 31, 1998
- -------------------
Donald N. Ellis


/s/ William M. Evans, Jr.*         Director              August 31, 1998
- -------------------------
William M. Evans, Jr.


/s/ John H. Ferguson*              Director              August 31, 1998
- --------------------
John H. Ferguson


/s/ Robert E. Flournoy III*        Director              August 31, 1998
- --------------------------
Robert E. Flournoy III


/s/ James E. Freeman*              Director              August 31, 1998
- --------------------
James E. Freeman


/s/ A. F. Gandy*                   Director              August 31, 1998
- ---------------
A. F. Gandy


/s/ Robin R. Howell*               Director               August 31, 1998
- -------------------
Robin R. Howell


/s/ Billy H. Martin*               Director               August 31, 1998
- -------------------
Billy H. Martin


/s/ C. Steve McQuaig*              Director               August 31, 1998
- --------------------
C. Steve McQuaig


/s/ Robert C. Oliver*              Director, President    August 31, 1998
- --------------------               and Chief Operating
Robert C. Oliver                   Officer



/s/ Thomas E. Owen, Jr.*           Director               August 31, 1998
- -----------------------
Thomas E. Owen, Jr.


/s/ Darrell D. Pittard             Chairman and Chief     August 31, 1998
- ----------------------             Executive Officer
Darrell D. Pittard                 (principal executive
                                   officer)

/s/ Michael E. Ricketson*          Chief Financial        August 31, 1998
- ------------------------           Officer Officer
Michael E. Ricketson               and Executive Vice
                                   President
                                   (principal financial
                                   and accounting officer)

- ----------------                   Director               August 31, 1998
John D. Stephens



- -----------------------            Director               August 31, 1998
James E. Sutherland, Sr.



- --------------                     Director               August 31, 1998
Glenn S. White



*  By: Darrell D. Pittard, Attorney-in-Fact




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