INTERCOUNTY BANCSHARES INC
SC 13G, 1998-02-17
COMMERCIAL BANKS, NEC
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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.  2  )*


                      InterCounty Bancshares, Inc.     
                      ----------------------------
                           (Name of Issuer)


                             Common Stock 
                             ------------
                   (Title of Class of Securities)


                             45865 E 10 
                             ----------
                           (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 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
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No.   45865 E 10 8     13G


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

      Lynn A. Williams

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                               
                                               (a) -----

                                               (b) -----

3      SEC USE ONLY


4      CITIZENSHIP OR PLACE OF ORGANIZATION

       United States


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5      SOLE VOTING POWER

       85,449

6      SHARED VOTING POWER

       -0-

7      SOLE DISPOSITIVE POWER

       85,449

8      SHARED DISPOSITIVE POWER

       -0-

9      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

       85,449

10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

       5.5%

12     TYPE OF REPORTING PERSON*

       IN



                                    -2-
<PAGE>
Item 1(a).   Name of Issuer:

             InterCounty Bancshares, Inc.


Item 1(b).   Address of Issuer's Principal Executive Offices:

             48 N. South Street
             Wilmington, Ohio  45177

Item 2(a).   Name of Person Filing:

             Lynn A. Williams

Item 2(b).   Address of Principal Business Office or, if none, Residence:

             4105 Stuart Avenue
             Richmond, Virginia 23221

Item 2(c).   Citizenship:

             United States

Item 2(d).   Title and Class of Securities:

             Common Stock

Item 2(e).   CUSIP Number

             45865 E 10 8

Item 3.      If this statement is filed pursuant to Rules 13d-1(b), or
             13d-2(b), check whether the person filing is a:

             (a) [ ] Broker or Dealer registered under Section 15 of the Act

             (b) [ ] Bank as defined in section 3(a)(19) of the Act

             (c) [ ] Insurance Company as defined in section 3(a)(19) of 
                     the Act

             (d) [ ] Investment Company registered under section 8 of the
                     Investment Company Act

             (e) [ ] Investment Advisor registered under section 203 of the
                     Investment Advisers Act of 1940

             (f) [ ] Employee Benefit Plan, Pension Fund which is subject to
                     the provisions of the Employee Retirement Income Security
                     Act of 1974 or Endowment Fund; see section
                     240.13d-1(b)(1)(ii)(F)

             (g) [ ] Parent Holding Company, in accordance with section
                     240.13d-1(b)(1)(ii)(G)

             (h) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(H)



                                    -3-
<PAGE>
Item 4.      Ownership:

             (a)  Amount Beneficially Owned:

                  85,449

             (b)  Percent of Class:

                  5.5%

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

                  (i)   sole power to vote or to direct the vote:  85,449

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

                  (iii) sole power to dispose or to direct the disposition of:
                        85,449

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

Item 5.      Ownership of Five Percent or Less of a Class:

             Inapplicable

Item 6.      Ownership of More Than Five Percent on Behalf of Another Person:

             Inapplicable

Item 7.      Identification and Classification of the Subsidiary Which
             Acquired the Security Being Reported on by the Parent Holding
             Company:

             Inapplicable

Item 8.      Identification and Classification of Members of the Group:

             Inapplicable

Item 9.      Notice of Dissolution of Group:

             Inapplicable

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 were not acquired in
             connection with or as a participant in any transaction having
             such purposes or effect.



                                    -4-
<PAGE>
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 6, 1998                                 /s/ Lynn A. Williams
- --------------------------                       -------------------- 
Date                                             Lynn A. Williams







                                    -5-


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