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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
Crescent Banking Company
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(Name of Issuer)
Common Stock, $1.00 par value
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(Title of Class of Securities)
225646108
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(CUSIP Number)
James Donald Boggus, Sr.
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(Name, address and telephone number of person authorized to receive
notice and communications)
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this form because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
(Continued on following pages)
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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 (the "Act") or otherwise subject to the liabilities of that section
of the section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
Page 1 of 4
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SCHEDULE 13D
CUSIP No. 225646108 Page 2 of 4 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James Donald Boggus, Sr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(E) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
54,784
NUMBER OF -----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 43,684
EACH -----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 54,784
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10 SHARED DISPOSITIVE POWER
43,684
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
98,468
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.64%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4
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Item 1. Security and Company.
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This statement relates to shares of the common stock, par value $1.00 per
share (the "Common Stock"), of Crescent Banking Company ("Crescent"). Crescent's
Common Stock is listed on the Nasdaq SmallCap Market under the symbol "CSNT."
Crescent's principal offices are located at 251 Highway 515, Jasper, Georgia
30143 and Crescent's telephone number is (706) 692-2424.
Item 2. Identity and Background.
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Mr. Boggus, a retired real estate investor, presently resides at 948 Happy
Talk Trail, Jasper, Georgia 30143 and is a citizen of the United States of
America. Mr. Boggus has served on the Board of Directors of Crescent Bank &
Trust Company, a wholly-owned banking subsidiary of Crescent (the "Bank"), since
April 1995. Mr. Boggus is the father of James Donald Boggus, Jr., the President
and Chief Executive Officer of Crescent and the Bank.
During the last five years, Mr. Boggus has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), and has not
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
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On May 28, 1999, Mr. Boggus utilized personal funds to purchase 500 shares
of Crescent's Common Stock, as more fully described below.
Item 4. Purpose of Transaction.
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On May 28, 1999, Mr. Boggus purchased 500 shares of Common Stock through
open market transactions for personal investment purposes. As a result of the
purchase, Mr. Boggus became the beneficial owner of 98,468 shares of Crescent's
Common Stock, or approximately 5.64% of the 1,741,708 shares of Crescent Common
Stock that were outstanding as of the date of this Statement.
Mr. Boggus may, from time to time and through various transactions,
purchase additional shares of Crescent's Common Stock for personal investment
purposes.
Page 3 of 4
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Item 5. Interest in Securities of the Company.
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Under the Securities and Exchange Commission's (the "Commission") rules
and regulations, Mr. Boggus, as of the date of this filing, may be deemed to be
the beneficial owner of a total of 98,468 shares of Crescent's Common Stock,
representing approximately 5.64% of the issued and outstanding shares of
Crescent's Common Stock. With respect to 59,784 of such shares, Mr. Boggus has
the sole power of voting and disposition. The remaining 43,684 shares are held
by Mr. Boggus' wife with whom Mr. Boggus shares the power to vote or dispose of
such shares.
As more fully described in Item 4, on May 28, 1999, Mr. Boggus purchased
500 shares through open market transactions. Other than such purchase, Mr.
Boggus has not engaged in any other transactions relating to Crescent's Common
Stock during the 60 day period preceding the date of filing of this Statement.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
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to Securities of the Issuer.
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Except as described in this Statement, Mr. Boggus disclaims any contract,
arrangement, understanding or relationship with any other person with respect to
shares of Crescent's Common Stock, including, but not limited to, transfer or
voting of any of the securities, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, divisions of profits or
loss, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
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None.
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.
June 8, 1999
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Date
/s/ James Donald Boggus, Sr.
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Signature
James Donald Boggus, Sr.
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Name
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