FIRST COMMUNITY BANCSHARES INC /IN
SC 13G/A, 1998-02-13
SAVINGS INSTITUTION, FEDERALLY CHARTERED
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                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G

                  Under the Securities Exchange Act of 1934
                              (Amendment No. 1)*

                       FIRST COMMUNITY BANCSHARES, INC.
- ------------------------------------------------------------------------------
                               (Name of Issuer)


                                 COMMON STOCK
- ------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                  319964102
- ------------------------------------------------------------------------------
                                (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 containing information
which would alter disclosures provided in a prior cover page.

The information required on 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).


SEC 1746 (12-91) Page 1 of 5

<PAGE>

    CUSIP No.    319964102             13G                         Page      2
                 ---------

- ------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

    Merrill M. Wesemann, M.D.
- ------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                  (a)  [ ]
                                                                  (b)  [ ]
- ------------------------------------------------------------------------------
3   SEC USE ONLY


- ------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    U.S.A.
- ------------------------------------------------------------------------------
          NUMBER OF               5    SOLE VOTING POWER
                                       84,925 (including 15,686 shares subject
           SHARES                      to options exercisable within 60 days
                                       of December 31, 1997)
                                  --------------------------------------------
         BENEFICIALLY             6    SHARED VOTING POWER

           OWNED BY                    0
                                  --------------------------------------------
             EACH                 7    SOLE DISPOSITIVE POWER
                                       84,925 (including 15,686 shares subject
          REPORTING                    to options exercisable within 60 days
                                       of December 31, 1997)
                                  --------------------------------------------
            PERSON                8    SHARED DISPOSITIVE POWER

             WITH                      0
- ------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    84,925 (including 15,686 shares subject to options exercisable within 60
    days of December 31, 1997)
- ------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                       [ ]
- ------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    8.9%
- ------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    IN
- ------------------------------------------------------------------------------
                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>
                                                                   Page      3

This Schedule 13G is being filed pursuant to Rule 13d-1(c) under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). This filing
reflects a change in the beneficial ownership of the Filing Person. However,
the Filing Person has acquired less than two percent (2%) of the Issuer's
Common Stock in any twelve (12) month time period.

ITEM 1.
     (a) NAME OF ISSUER

         First Community Bancshares, Inc.

     (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

         210 East Harriman Street
         Bargersville, Indiana 46106

ITEM 2.
     (a) NAME OF PERSON(S) FILING

         Merrill M. Wesemann, M.D.

     (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

         251 East Jefferson Street
         Franklin, Indiana 46131

     (c) CITIZENSHIP

         United States of America

     (d) TITLE OF CLASS OF SECURITIES

         Common

     (e) CUSIP NUMBER

         319964102

ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D-2(B),
         CHECK WHETHER THE PERSON FILING IS A:

         Not Applicable

<PAGE>

ITEM 4.  OWNERSHIP                                                 Page      4

    (a)  Amount Beneficially Owned:

         84,925 (including 15,686 shares subject to options exercisable within
         60 days of December 31, 1997)

    (b)  Percent of Class:

         8.9%

    (c)  Number of shares as to which such person has:

           (i)  sole power to vote or to direct the vote
                84,925

          (ii)  shared power to vote or to direct the vote
                0

         (iii)  sole power to dispose or to direct the disposition of
                84,925

          (iv)  shared power to dispose or to direct the disposition of
                0

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

         None

ITEM 7.  IDENTIFICATIOON 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 MEMBERS OF THE GROUP

         Not Applicable

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

         Not Applicable

ITEM 10. CERTIFICATION

         Not Applicable

<PAGE>

                                  SIGNATURE

    After resonable 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.

                                      February 12, 1998
                                      ---------------------------------------
                                      Date

                                      /s/ Merrill M. Wesemann, M.D.
                                      ---------------------------------------
                                      Signature

                                      Merrill M. Wesemann, M.D.
                                      ---------------------------------------
                                      Name/Title

<PAGE>

                    APPENDIX OF PREVIOUSLY FILED SCHEDULES

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                 SCHEDULE 13G

                  Under the Securities Exchange Act of 1934
                              (Amendment No.  )*

                       FIRST COMMUNITY BANCSHARES, INC.
- ------------------------------------------------------------------------------
                               (Name of Issuer)


                                 COMMON STOCK
- ------------------------------------------------------------------------------
                        (Title of Class of Securities)


                                  319964102
- ------------------------------------------------------------------------------
                                (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 containing information
which would alter disclosures provided in a prior cover page.

The information required on 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).


SEC 1746 (12-91) Page 1 of 5

<PAGE>

    CUSIP No.    319964102             13G                         Page      2
                 ---------

- ------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

    Merrill M. Wesemann, M.D.
- ------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                  (a)  [ ]
                                                                  (b)  [ ]
- ------------------------------------------------------------------------------
3   SEC USE ONLY


- ------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION

    U.S.A.
- ------------------------------------------------------------------------------
          NUMBER OF               5    SOLE VOTING POWER
                                       82,398 (includes 14,686 options
           SHARES                      exercisable within 60 days of the date
                                       hereof)
                                  --------------------------------------------
         BENEFICIALLY             6    SHARED VOTING POWER

           OWNED BY                    0
                                  --------------------------------------------
             EACH                 7    SOLE DISPOSITIVE POWER
                                       82,398 (includes 14,686 options
          REPORTING                    exercisable within 60 days of the date
                                       hereof)
                                  --------------------------------------------
            PERSON                8    SHARED DISPOSITIVE POWER

             WITH                      0
- ------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    82,398 (includes 14,686 options exercisable within 60 days of the date
    hereof)
- ------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                       [ ]
- ------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

    8.6%
- ------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*

    IN
- ------------------------------------------------------------------------------
                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>
                                                                   Page      3

This Schedule 13G is being filed pursuant to Rule 13d-1(c) under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"). This filing
reflects a change in the beneficial ownership of the Filing Person. However,
the Filing Person has acquired less than two percent (2%) of the Issuer's
Common Stock in any twelve (12) month time period.

ITEM 1.
     (a) NAME OF ISSUER

         First Community Bancshares, Inc.

     (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

         210 East Harriman Street
         Bargersville, Indiana 46106

ITEM 2.
     (a) NAME OF PERSON(S) FILING

         Merrill M. Wesemann, M.D.

     (b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

         251 East Jefferson Street
         Franklin, Indiana 46131

     (c) CITIZENSHIP

         United States of America

     (d) TITLE OF CLASS OF SECURITIES

         Common

     (e) CUSIP NUMBER

         319964102

ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D-2(B),
         CHECK WHETHER THE PERSON FILING IS A:

         Not Applicable

<PAGE>

ITEM 4.  OWNERSHIP                                                 Page      4

    (a)  Amount Beneficially Owned:

         82,398

    (b)  Percent of Class:

         8.6% (includes 14,686 options exercisable within 60 days of the
         date hereof)

    (c)  Number of shares as to which such person has:

           (i)  sole power to vote or to direct the vote
                82,398 (includes 14,686 options exercisable within 60 days of
                the date hereof)
          (ii)  shared power to vote or to direct the vote
                0

         (iii)  sole power to dispose or to direct the disposition of
                82,398 (includes 14,686 options exercisable within 60 days of
                the date hereof)
          (iv)  shared power to dispose or to direct the disposition of
                0

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

         None

ITEM 7.  IDENTIFICATIOON 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 MEMBERS OF THE GROUP

         Not Applicable

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

         Not Applicable

ITEM 10. CERTIFICATION

         Not Applicable

<PAGE>

                                  SIGNATURE

    After resonable 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.

                                      February 12, 1997
                                      ---------------------------------------
                                      Date

                                      /s/ Merrill M. Wesemann, M.D.
                                      ---------------------------------------
                                      Signature

                                      Merrill M. Wesemann, M.D.
                                      ---------------------------------------
                                      Name/Title




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