SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
LANIER BANKSHARES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
51588A100
(CUSIP Number)
Check the following box if a fee is being paid with this statement.
(A fee is not required only if the filing person:
(1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial
ownership of five percent or less of such class.) (See Rule 13d-7).
*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 containing 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 ("Act") 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).
<PAGE>
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joseph D. Chipman, Jr.
###-##-####
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
N/A (b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
32,300
6 SHARED VOTING POWER
2,710
7 SOLE DISPOSITIVE POWER
32,300
8 SHARED DISPOSITIVE POWER
2,710
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,010
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
N/A
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
12 TYPE OF REPORTING PERSON
IN
<PAGE>
Item 1(a). Name of Issuer:
Lanier Bankshares, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
854 Washington Street
Gainesville, Georgia 30501
Item 2(a). Name of Person Filing:
Joseph D. Chipman, Jr.
Item 2(b). Address of Principal Business Office or, if None, Residence:
854 Washington Street
Gainesville, Georgia 30501
Item 2(c). Citizenship:
United States of America
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
51588A100
Item 3. If this statement is filed pursuant to Rules 13d-1(b),
or 13d-2(b), check whether the person filing is:
Not applicable
Item 4. Ownership as of December 31, 1996:
(a) Amount beneficially owned: 35,010
(b) Percent of class: 5.7%
<PAGE>
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: 32,300
(ii) shared power to vote or direct the vote: 2,710
(iii) sole power to dispose or to direct the disposition of: 32,300
(iv) shared power to dispose or direct the disposition of: 2,710
______________________
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not applicable
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the
Parent Holding Company:
Not applicable
Item 8. Identification and Classification of the Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
Not applicable
<PAGE>
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: 2/12/97
Signature: /s/ Joseph D. Chipman, Jr.
Name: Joseph D. Chipman, Jr.
