SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                            FORM 8-K

                          CURRENT REPORT
             PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934


  Date of report (Date of Earliest Event Reported): February 5, 1998
                                                    ----------------





                    PREMIER BANCSHARES, INC.
     (Exact name of Registrant as specified in its charter)



        Georgia                    1-12625                  58-1793778
(State or other jurisdiction of   (Commission File No.)    (IRS Employer
incorporation or organization)                             Identification No.)








                       2180 Atlanta Plaza
                    950 East Paces Ferry Road
                     Atlanta, Georgia 30326
  (Address of principal executive offices, including zip code)
                         (404) 814-3090
      (Registrant's telephone number, including area code)
                                
                                
                                
                                
                                
                                
                                
                (Former name or Former Address if
                   Changed Since Last Report)


ITEM 5.   OTHER EVENTS

      On  February  5, 1998, Premier Bancshares, Inc.  (Premier),
and  Button  Gwinnett Financial Corporation ("Button  Gwinnett"),
entered  into  an  Agreement  and  Plan  of  Reorganization  (the
"Agreement"),  pursuant to which Button Gwinnett will  be  merged
with   and  into  Premier  and  Premier  will  be  the  Surviving
Corporation.

      The  transaction is subject to approval by the shareholders
of  Premier and Button Gwinnett, appropriate regulatory approvals
and the satisfaction of certain other conditions contained in the
Agreement.

      Based  in the Atlanta metropolitan area, Premier is a  bank
and  thrift holding company with five subsidiaries, Premier Bank;
Premier  Lending  Corporation; The Central and Southern  Bank  of
North  Georgia, FSB; The Central and Southern Bank  and  Citizens
Bank of Gwinnett.

      Button  Gwinnett  is a bank holding company,  headquartered
in  Lawrenceville,  Georgia  with one  subsidiary,  The  Bank  of
Gwinnett County.

  ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS
  
       (c)       Exhibits
                 --------  
        2.1-     Agreement  and  Plan of Reorganization  dated
                 February   5,   1998   by  and   between   Premier
                 Bancshares,  Inc.  and Button  Gwinnett  Financial
                 Corporation.
  
         99 -    Press Release.
  
  
                            SIGNATURE
  
        Pursuant  to  the requirements of the  Securities  and
  Exchange  Act of 1934, the registrant has duly  caused  this
  report  to  be  signed  on  its behalf  by  the  undersigned
  hereunto duly authorized.
  
                                PREMIER BANCSHARES, INC.
  
  
  Date: February 18, 1998       /s/ Michael E. Ricketson
                                ------------------------
                                MICHAEL E. RICKETSON
                                Executive  Vice President  and
                                Chief Financial Officer
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3362}]
{"company-data": {"conformed-name": "PREMIER BANCSHARES INC /GA", "cik": "0000836616", "assigned-sic": "6022", "irs-number": "581793778", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12625", "film-number": "98546419"}, "business-address": {"street1": "2180 ATLANTA PLAZA", "street2": "950 EAST PACES FERRY ROAD", "city": "ATLANTA", "state": "GA", "zip": "30326", "phone": "4048143090"}, "mail-address": {"street1": "2180 ATLANTA PLAZA", "street2": "950 EAST PACES FERRY ROAD", "city": "ATLANTA", "state": "GA", "zip": "30326"}, "former-company": [{"former-conformed-name": "FIRST ALLIANCE/PREMIER BANCSHARES INC", "date-changed": "19970108"}, {"former-conformed-name": "FIRST ALLIANCE BANCORP", "date-changed": "19960711"}]}
SECURITIES AND EXCHANGE COMMISSION
                     WASHINGTON, D.C. 20549

                            FORM 8-K

                          CURRENT REPORT
             PURSUANT TO SECTION 13 OR 15(d) OF THE
                 SECURITIES EXCHANGE ACT OF 1934

  Date of report (Date of Earliest Event Reported): February 5, 1998
                                                    ----------------

                    PREMIER BANCSHARES, INC.
     (Exact name of Registrant as specified in its charter)

        Georgia                    1-12625                  58-1793778
(State or other jurisdiction of   (Commission File No.)    (IRS Employer
incorporation or organization)                             Identification No.)

                       2180 Atlanta Plaza
                    950 East Paces Ferry Road
                     Atlanta, Georgia 30326
  (Address of principal executive offices, including zip code)
                         (404) 814-3090
      (Registrant's telephone number, including area code)
                                
                                
                                
                                
                                
                                
                                
                (Former name or Former Address if
                   Changed Since Last Report)

ITEM 5.   OTHER EVENTS

      On  February  5, 1998, Premier Bancshares, Inc.  (Premier),
and  Button  Gwinnett Financial Corporation ("Button  Gwinnett"),
entered  into  an  Agreement  and  Plan  of  Reorganization  (the
"Agreement"),  pursuant to which Button Gwinnett will  be  merged
with   and  into  Premier  and  Premier  will  be  the  Surviving
Corporation.

      The  transaction is subject to approval by the shareholders
of  Premier and Button Gwinnett, appropriate regulatory approvals
and the satisfaction of certain other conditions contained in the
Agreement.

      Based  in the Atlanta metropolitan area, Premier is a  bank
and  thrift holding company with five subsidiaries, Premier Bank;
Premier  Lending  Corporation; The Central and Southern  Bank  of
North  Georgia, FSB; The Central and Southern Bank  and  Citizens
Bank of Gwinnett.

      Button  Gwinnett  is a bank holding company,  headquartered
in  Lawrenceville,  Georgia  with one  subsidiary,  The  Bank  of
Gwinnett County.

  ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS
  
       (c)       Exhibits
                 --------  
        2.1-     Agreement  and  Plan of Reorganization  dated
                 February   5,   1998   by  and   between   Premier
                 Bancshares,  Inc.  and Button  Gwinnett  Financial
                 Corporation.
  
         99 -    Press Release.
  
  
                            SIGNATURE
  
        Pursuant  to  the requirements of the  Securities  and
  Exchange  Act of 1934, the registrant has duly  caused  this
  report  to  be  signed  on  its behalf  by  the  undersigned
  hereunto duly authorized.
  
                                PREMIER BANCSHARES, INC.
  
  
  Date: February 18, 1998       /s/ Michael E. Ricketson
                                ------------------------
                                MICHAEL E. RICKETSON
                                Executive  Vice President  and
                                Chief Financial Officer