<PAGE> 1
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Amendment No. 1 to
FORM 10-QSB
(Mark One)
/x/ Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the quarterly period ended March 31, 1996
OR
/ / Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from to
--------- ---------
Commission file number 33-53656A
G&W FINANCIAL CORPORATION
(Exact Name of Small Business Issuer as Specified in Its Charter)
Georgia 58-2015438
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
1800 Lake Park Drive, Suite 100, Smyrna, Georgia 30080
(Address of Principal Executive Offices)
(770) 432-2284
(Issuer's Telephone Number, Including Area Code)
1950 Lake Park Drive, Suite 110, Atlanta, GA 30080
(Former Name, Former Address and Former Fiscal year if Changed
Since Last Report)
Check whether the issuer: (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Yes No
--------- ---------
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 10,000 shares of common stock
<PAGE> 2
This Amendment is being filed solely to include the Financial
Data Schedules required under Item 601 of Regulation S-B
<PAGE> 3
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
G&W FINANCIAL CORPORATION
By: /s/ Donald A. Wagley, President
--------------------------------
Donald A. Wagley, President
Pursuant to the requirements of the Securities Exchange Act of 1934, this
form 10-QSB was signed by the following persons in the capacities indicated on
January 21, 1997.
<TABLE>
<CAPTION>
Signature Title
- --------- -----
<S> <C>
/s/ Donald A. Wagley President and a Director (principal
- ------------------------ executive officer)
Donald A. Wagley
/s/ Priscilla J. Granese Vice President, Secretary, Treasurer
- ------------------------ and a Director (principal financial
Priscilla J. Granese officer)
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1996
FINANCIAL STATEMENTS OF G&W FINANCIAL CORPORATION AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED IN THE 1996 FIRST
QUARTER REPORT ON FORM 10-QSB.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> MAR-31-1996
<CASH> 1,491
<SECURITIES> 0
<RECEIVABLES> 12,327,642
<ALLOWANCES> 3,737,670
<INVENTORY> 0
<CURRENT-ASSETS> 9,827,242
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 10,853,775
<CURRENT-LIABILITIES> 83,350
<BONDS> 0
0
0
<COMMON> 100<F1>
<OTHER-SE> (4,551,374)
<TOTAL-LIABILITY-AND-EQUITY> 10,853,775
<SALES> 0
<TOTAL-REVENUES> 502,975
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 937,670
<INTEREST-EXPENSE> 419,727
<INCOME-PRETAX> (892,551)
<INCOME-TAX> 0
<INCOME-CONTINUING> (892,551)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (892,551)
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
<FN>
<F1>REGISTRANT'S COMMON STOCK IS HELD BY THE PARENT COMPANY AND IS NOT PUBLICLY
TRADED.
</FN>
</TABLE>
