SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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
Henry W. Wallis, 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
40,000
6 SHARED VOTING POWER
N/A
7 SOLE DISPOSITIVE POWER
40,000
8 SHARED DISPOSITIVE POWER
N/A
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
40,000
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
6.5%
12 TYPE OF REPORTING PERSON
IN
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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:
Henry W. Wallis, Jr.
Item 2(b). Address of Principal Business Office or, if None, Residence:
60 Club Drive
Gainesville, Georgia 30506
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: 40,000
(b) Percent of class: 6.5%
(c) Number of shares as to which such person has
(i) sole power to vote or direct the vote: 40,000
(ii) shared power to vote or direct the vote: N/A
(iii) sole power to dispose or to direct the
disposition of: 40,000
(iv) shared power to dispose or direct the disposition of: N/A
______________________
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/ Henry W. Wallis, Jr.
Name: Henry W. Wallis, Jr.
