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CNB Corp/SC – ‘SC 13G’ on 2/14/05 re: CNB Corp/SC

On:  Monday, 2/14/05, at 12:04pm ET   ·   Accession #:  948520-5-20   ·   File #:  5-54361

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/14/05  CNB Corp/SC                       SC 13G                 1:11K  CNB Corp/SC                       Sinkler & Boyd P A/FA

Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      5     24K

Document Table of Contents

Page (sequential) | (alphabetic) Top
 
11st Page   -   Filing Submission
3Item 1(b). Address of Issuer's Principal Executive Offices:
"Item 2(a). Name of Person Filing:
"Item 2(b). Address of Principal Business Office or, if none, Residence:
"Item 2(c). Citizenship:
"Item 2(d). Title of Class of Securities:
"Item 2(e). CUSIP Number
"Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
4Item 4. Ownership
"Item 5. Ownership of Five Percent or Less of a Class
"Item 6. Ownership of More than Five Percent on Behalf of Another Person
"Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
"Item 8. Identification and Classification of Members of the Group
5Item 9. Notice of Dissolution of Group
"Item 10. Certifications 
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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. __)*

 CNB Corporation
 -------------------------------------------------------------------------------
(Name of Issuer)

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

12612R 10 5 
 -------------------------------------------------------------------------------
(CUSIP Number)

 December 31, 2004
 -------------------------------------------------------------------------------
 (Date of Event which Requires Filing of this Statement)

     Check the  appropriate  box to  designate  the rule  pursuant to which this
Schedule is filed:                                                              

[X] Rule 13d-1(b)                                                     
[ ] Rule 13d-1(c)                                                     
[ ] Rule 13d-1(d)                                                     

*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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SCHEDULE 13D

                                                        [Enlarge/Download Table]

CUSIP NO.  12612R 10 5                                                                           PAGE 2 OF 5                        
                                                                                                                                    
1. Names of reporting persons                                                                                                       
         I.R.S. identification Nos. of above persons (entities only)                                                                

         CNB Corporation Profit Sharing and Savings Plan,                                                                           
------------------------------------------------------------------------------------------------------------------------------------
2.       Check the appropriate box if a member of a group                                        (a) [ ]                            
                                                                                                 (b) [X]                            

------------------------------------------------------------------------------------------------------------------------------------
3. SEC use only                                                                                                                     

------------------------------------------------------------------------------------------------------------------------------------
4. Citizenship or place of organization                                                                                             

         South Carolina                                                                                                             
------------------------------------------------------------------------------------------------------------------------------------
Number of shares beneficially owned by each reporting person with                                                                   

         5.       Sole voting power                                                                                                 

                  40,391                                                                                                            
         -------------------------------------------------------------------------------------------------------------------------- 
         6.       Shared voting power                                                                                               

                  -0-                                                                                                               
         -------------------------------------------------------------------------------------------------------------------------- 
         7.       Sole dispositive power                                                                                            

                  40,391                                                                                                            
         -------------------------------------------------------------------------------------------------------------------------- 
         8.       Shared dispositive power                                                                                          

                  -0-                                                                                                               
         -------------------------------------------------------------------------------------------------------------------------- 
         9. Aggregate amount beneficially owned by each reporting person                                                            

                  40,391                                                                                                            
         -------------------------------------------------------------------------------------------------------------------------- 
         10.      Check if the aggregate amount in row (9) excludes certain shares (See Instructions ) [  ]                         

         -------------------------------------------------------------------------------------------------------------------------- 
         11. Percent of class represented by amount in row (9)                                                                      

                  5.12%                                                                                                             
         -------------------------------------------------------------------------------------------------------------------------- 
         12. Type of reporting person (See Instructions)                                                                            

                  EP                                                                                                                
         -------------------------------------------------------------------------------------------------------------------------- 


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                                                                                                                         PAGE 3 OF 5
         Item 1(a)      Name of Issuer:                                                                                             

         CNB Corporation                                                                                                            
------------------------------------------------------------------------------------------------------------------------------------

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

         1400 3d Avenue, Conway, S.C. 29526-5004                                                                                    
------------------------------------------------------------------------------------------------------------------------------------

         Item 2(a)      Name of Person Filing:                                                                                      

         CNB Corporation Profit Sharing and Savings Plan                                                                            
------------------------------------------------------------------------------------------------------------------------------------

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

         1400 3d Avenue, Conway, S.C. 29526-5004                                                                                    
------------------------------------------------------------------------------------------------------------------------------------

         Item 2(c)      Citizenship:                                                                                                

         South Carolina                                                                                                             
------------------------------------------------------------------------------------------------------------------------------------

         Item 2(d)      Title of Class of Securities:                                                                               

         Common Stock                                                                                                               
------------------------------------------------------------------------------------------------------------------------------------

         Item 2(e)      CUSIP Number                                                                                                

         12612R 10 5                                                                                                                
------------------------------------------------------------------------------------------------------------------------------------

Item 3.  If  this  statement  is  filed  pursuant  to  ss.ss.   240.13d-1(b)  or
240.13d-2(b) or (c), check whether the person filing is a:    

          (a)[ ] Broker or dealer  registered  under  section  15 of the Act (15
U.S.C. 78o).                                  

         (b)[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

          (c)[ ] Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c).                                  

          (d)[ ] Investment company registered under section 8 of the Investment
Act of 1940 (15 U.S.C. 80a-8).                

        (e)[ ] An    investment    advisor    in    accordance    with   ss.
240.13d-1(b)(1)(ii)(E);                       

          (f)[X] An employee  benefit plan or endowment fund in accordance  with
ss.240.13d-1(b)(1)(ii)(F);                    

          (g)[ ] A parent holding  company or control person in accordance  with
ss. 240.13d-1(b)(1)(ii)(G);                   

          (h)[ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);       

          (i)[ ] A  church  plan  that is  excluded  from the  definition  of an
                 investment  company  under  section 3(c)(14)  of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);        

(j)[ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).


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                                                                     PAGE 4 OF 5

Item 4.   Ownership                                                             

      Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.       

(a)  Amount beneficially owned: 40,391                      
(b)  Percent of class: 5.12%                                
(c)  Number of shares as to which the person has:           
  (i)  Sole power to vote or to direct the vote 40,391
 (ii) Shared power to vote or to direct the vote -0-
               (iii)Sole power to dispose or to direct the disposition of 40,391
              (iv) Shared power to dispose or to direct the disposition of -0-

     Instruction.  For computation  regarding securities which represent a right
to acquire an underlying security see ss. 240.13d-3(d)(1).                      

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

     If this  statement  is being  filed to report  the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following [ ].               

Instruction. Dissolution of a group requires a response to this item. 

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

     Participants  in the Plan have the right to direct  investment of a portion
of their Plan  accounts into the CNB  Corporation  stock fund of the Plan and to
direct  investment of their account funds out of the CNB Corporation stock fund.
All  distributions  from  the  Plan  are  made in  cash.  No CNB  stock  is ever
distributed to participants.                                                    

Item 7.  Identification  and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent  Holding  Company  or  Control
Person                                                        

Not applicable.                                               

Item 8. Identification and Classification of Members of the Group               

Not applicable.                                               


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                                                                     PAGE 5 OF 5

Item 9. Notice of Dissolution of Group                                          

Not applicable.                                                 

Item 10. Certifications                                                         

     By signing  below I certify  that,  to the best of my knowledge and belief,
the  securities  referred to above were  acquired  and are held in the  ordinary
course of business  and were not acquired and are not held for the purpose of or
with the effect of  changing  or  influencing  the  control of the issuer of the
securities  and were not  acquired and are not held in  connection  with or as a
participant in any transaction having that 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.                                                                        

Date:  February 8, 2005                                                         
                               CNB Corporation Profit Sharing and Savings Plan

        By: CONWAY NATIONAL BANK
             As Plan Administrator

     By: Paul R. Dusenbury
                          ------------------------------------
         Paul R. Dusenbury
                                  Vice President and Chief Financial Officer

Dates Referenced Herein   and   Documents Incorporated by Reference

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