SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
C & F Financial Corporation
(Name of Issuer)
Common Stock, $1.00 Par Value
(Title of Class of Securities)
12466Q-10-4
(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).
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<S> <C>
CUSIP No. 12466Q-10-4
Schedule 13G
1) Name of Reporting Person/S.S. or I.R.S. Identification No. of Above Person
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Sture G. Olsson
2) Check the Appropriate Row if a Member of a Group (See Instructions)
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(a)
(b) x/
3) SEC Use Only
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4) Citizenship or Place of Organization
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United States
Number of 5) Sole Voting Power 8,288
Shares Bene- -----------------
ficially 6) Shared Voting Power 149,536
Owned by -------------------
Each 7) Sole Dispositive Power 8,288
Reporting ----------------------
Person With 8) Shared Dispositive Power 149,536
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
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157,824
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11) Percent of Class Represented by Amount in Row (9)
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8.27%
12) Type of Reporting Person (See Instructions)
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IN
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Item 1(a). Name of Issuer:
C & F Financial Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
Eighth and Main Streets, West Point, Virginia 23181
Item 2(a). Name of Person Filing:
Sture G. Olsson
Item 2(b). Address of Principal Business Office or, if none, residence:
P.O. Box 311, West Point, Virginia 23181.
Item 2(c). Citizenship:
United States
Item 2(d). Title of Class of Securities:
Common Stock, $1.00 par value
Item 2(e). CUSIP Number:
12466Q-10-4
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not Applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 149,536
(b) Percent of Class: 8.27%
(c) Number of Shares as to which Such Person Has:
(i) sole power to vote or to direct the vote: 8,288
(ii) shared power to vote or to direct the vote: 149,536
(iii) sole power to dispose or to direct the disposition of: 8,288
(iv) shared power to dispose or to direct the disposition of: 149,536
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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
Crestar Bank, 919 East Main Street, P.O. Box 26665, Richmond,
Virginia 26665, is co-trustee of certain trusts that hold the
149,536 shares identified in Cover Sheet items 6 and 8.
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 Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
Not Applicable.
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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.
May 9, 1997
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Date
/s/ Sture G. Olsson
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Signature
Sture G. Olsson
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Name/Title
