Wallis Henry W Jr · SC 13G · Lanier Bankshares Inc · On 2/13/97

Filed On 2/13/97   ·   SEC File 5-49765   ·   Accession Number 842898-97-5

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

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      4     18K 

Document Table of Contents

SC 13G
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SCHEDULE 13G              

Under the Securities Exchange Act of 1934               
(Amendment No. 1)*              

LANIER BANKSHARES, INC.               
(Name of Issuer)              

Common Stock              
(Title of Class of Securities)              

51588A100               
(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 the Act but shall be subject to all other provisions of the Act      
(however, see the Notes).                                                       

SC 13G
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1 NAME OF REPORTING PERSON                                                      
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                           
Henry W. Wallis, Jr.                                                  
257-74-9635                                                           

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                              
(a) 
N/A                              (b)                                  

3 SEC USE ONLY                                                                  

4 CITIZENSHIP OR PLACE OF ORGANIZATION                                          

United States of America                                                    

NUMBER OF SHARES BENEFICIALLY                                                   
OWNED BY EACH REPORTING PERSON WITH                                             

5 SOLE VOTING POWER                                                             
40,000                                                                

6 SHARED VOTING POWER                                                           
N/A                                                                   

7 SOLE DISPOSITIVE POWER                                                        
40,000                                                                

8 SHARED DISPOSITIVE POWER                                                      
N/A                                                                   

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON                  
40,000                                                                

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES         
N/A                                                                   

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9                              
6.5%                                                                  

12 TYPE OF REPORTING PERSON                                                     

IN                                                                        

SC 13G
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Item 1(a).     Name of Issuer:                                                  

Lanier Bankshares, Inc.                                               

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

854 Washington Street                                                 
Gainesville, Georgia  30501                                           

Item 2(a).     Name of Person Filing:                                           

Henry W. Wallis, Jr.                                                  

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

60 Club Drive                                                         
Gainesville, Georgia 30506                                            

Item 2(c).     Citizenship:                                                     

United States of America                                              

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

Common Stock                                                          

Item 2(e).     CUSIP Number:                                                    

51588A100                                                             

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

Not applicable                                                        

Item 4.   Ownership as of December 31, 1996:                                    

(a)  Amount beneficially owned:  40,000                               

(b)  Percent of class:  6.5%                                          

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

(i)  sole power to vote or direct the vote:  40,000                   

(ii) shared power to vote or direct the vote:  N/A                    

(iii) sole power to dispose or to direct the                          
disposition of:  40,000                                   

(iv) shared power to dispose or direct the disposition of:  N/A       

______________________                                      

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:      

Not applicable                                                        

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 the Members of the Group:        

Not applicable                                                        

Item 9.   Notice of Dissolution of Group:                                       

Not applicable                                                        

Item 10.  Certification:                                                        

Not applicable                                                        

SC 13G
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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.                                                           

Date:          2/12/97        

         Signature:     /s/ Henry W. Wallis, Jr.

     Name:          Henry W. Wallis, Jr.

Dates Referenced Herein   and   Documents Incorporated By Reference

				Referenced-On Page
This SC 13G Filing		Date		First		Last			Other Filings
		12/31/96		3					10KSB, DEF 14A
Filed On / Filed As Of		2/13/97							SC 13G
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