UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ______)*
FFBS BANCORP, INC.
____________________________________________
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
____________________________________________
(Title of Class of Securities)
30242P-10-9
____________________________________________
(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 but shall be subject to all other provisions of the Act
(however, see the Notes).
CUSIP NO. 30242P-10-9
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
First Federal Bank For Savings Employee Stock Ownership Plan
IRS ID No. 64-0828070
2. Check the Appropriate Box if a Member of a Group
(a) ___
(b) ___
3. SEC Use Only
4. Citizenship or Place of Organization
Federally Charter Stock Savings Institution's Employee Benefit
Plan Organized in Mississippi.
Number of Shares Beneficially Owned by Each Reporting Person with:
5. Sole Voting Power
76,176
6. Shared Voting Power
50,072
7. Sole Dispositive Power
76,176
8. Shared Dispositive Power
50,072
9. Aggregate Amount Beneficially Owned by Each Reporting Person
126,248
10. Check box if the aggregate amount in Row (9) excludes certain
shares ___
11. Percent of Class Represented by Amount in Row 9
8.03% of 1,572,639 shares of common stock outstanding at 12/31/97
12. Type of Reporting Person
EP
First Federal Bank for Savings
Employee Stock Ownership Plan
SCHEDULE 13G
Item 1(a) Name of Issuer:
FFBS Bancorp, Inc.
Item 1(b) Address of Issuer's Principal Executive Officers:
1121 Main Street
Columbus, MS 39703-0152
Item 2(a) Name of Person Filing:
First Federal Bank for Savings
Employee Stock Ownership Plan
Trustee: National Bank of Commerce of MS
P. O. Box 631
Columbus, MS 39703
Item 2(b) Address of Principal Offices:
1121 Main Street
Columbus, MS 39703-0152
Item 2(c) Citizenship:
Federally chartered stock savings institution's employee
stock benefit plan organized in Mississippi.
Item 2(d) Total of Class of Securities:
Common Stock par value $.01 per share
Item 2(e) CUSIP Number: 30242P-10-9
Item 3 The person filing this statement is an employee benefit plan
which is subject to the provisions of the Employee Retirement
Income Security Act of 1974.
Item 4 Ownership. As of December 31, 1997, the reporting person
beneficially owned 126,248 shares of the issuer. The
number of shares represents 8.02% of the common stock, par
value $.01, of the issuer, based on 1,574,639 shares of such
common stock outstanding as of December 31, 1997. As of
December 31, 1997, the reporting person has sole power to
vote or to direct the vote of 76,176 of the shares and shared
power to vote 50,072 shares. The reporting person has the
sole power to dispose or direct the disposition of 76,176
shares and the shared power to dispose of 50,072 shares of
common stock.
Item 5 Not applicable.
Item 6 Not applicable.
Item 7 Not applicable.
Item 8 The reporting person is an employee benefit plan subject to
the provisions of the Employee Retirement Income Security
Act of 1974.
Item 9 Not applicable.
Item 10 Certification
By signing below, I certify that, to the best of my
knowledge and belief, the securities referred to above
were acquired in the ordinary course of business and were
not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of
such securities and are not acquired to connection with or
as a participant in any transaction having such purpose or
effect.
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.
February 9th, 1998
(Date)
WILLIAM M. BRIGHAM
William M. Brigham/Senior Vice President
(Name/Title)
