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 July 2, 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)











ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS

      On July 1, 1998, Premier Bancshares, Inc. ("Premier")
consummated the acquisition of Button Gwinnett Financial
Corporation ("Button Gwinnett"), a Georgia corporation.

      Pursuant to the Agreement and Plan of Reorganization by and
between Premier and Button Gwinnett dated as of February 5, 1998,
as amended on April 29, 1998, Button Gwinnett was merged with and
into Premier.  Each outstanding share of  Button Gwinnett common
stock was converted into 3.885 shares of Premier common stock.
In addition, options  to purchase Premier common stock were
issued in exchange for all outstanding options to purchase Button
Gwinnett common stock.  In connection therewith,  approximately
5,571,778 shares of Premier common stock were issued to the
shareholders of Button Gwinnett.  The transaction is valued at
approximately $156  million based on the shares issued in the
acquisition to Button Gwinnett shareholders and Premier's recent
closing prices on the American Stock Exchange, Inc.

      Based in the Atlanta metropolitan area, Premier is a bank
holding company with three subsidiaries: Premier Bank; Premier
Lending Corporation; and The Central and Southern Bank of
Georgia.

      Button Gwinnett is a bank holding company headquartered in
Lawrenceville, Georgia.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

      (a)  Financial Statements of Business Acquired

      At the present time, it is impractical to provide the
required financial statements for Button Gwinnett relative to the
Button Gwinnett acquisition as required by Article 11 of
Regulation S-X and this Item 7 of Form 8-K.  Premier will file
financial statements under cover of a Form 8-K/A as soon as
practicable, but not later than September 15, 1998 (60 days after
this Report is required to be filed).

      (b) Pro Forma Financial Information

      At the present time, it is impractical to provide the pro
forma financial information relative to the Button Gwinnett
acquisition as required by Article 11 of Regulation S-X and this
Item 7 of Form 8-K.  Premier will file such pro forma financial
information under cover of a Form 8-K/A as soon as practicable,
but not later than September 15, 1998 (60 days after this Report
is required to be filed).

      (c) Exhibits

      2.1 Agreement and Plan of Reorganization dated as of
February 5, 1998, by and between  Premier and Button Gwinnett
(incorporated by reference from Premier's Form S-4 Registration
Statement File No. 333-50535 (included as Appendix A)).

      2.2 First Amendment to Agreement and Plan of Reorganization
dated as of April 29, 1998, by and between Premier and Button
Gwinnett (incorporated by reference from Premier's Form S-4
Registration Statement File No. 333-50535 (included as Appendix
A)).

      99.1     Press Release.

                                
                            SIGNATURE

      Pursuant to the requirements of the Securities 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: July 2, 1998            /s/ Darrell D. Pittard
                              ----------------------
                              Darrell D. Pittard,
                              Chairman and Chief Executive Officer
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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 July 2, 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)

ITEM 2.   ACQUISITION OR DISPOSITION OF ASSETS

      On July 1, 1998, Premier Bancshares, Inc. ("Premier")
consummated the acquisition of Button Gwinnett Financial
Corporation ("Button Gwinnett"), a Georgia corporation.

      Pursuant to the Agreement and Plan of Reorganization by and
between Premier and Button Gwinnett dated as of February 5, 1998,
as amended on April 29, 1998, Button Gwinnett was merged with and
into Premier.  Each outstanding share of  Button Gwinnett common
stock was converted into 3.885 shares of Premier common stock.
In addition, options  to purchase Premier common stock were
issued in exchange for all outstanding options to purchase Button
Gwinnett common stock.  In connection therewith,  approximately
5,571,778 shares of Premier common stock were issued to the
shareholders of Button Gwinnett.  The transaction is valued at
approximately $156  million based on the shares issued in the
acquisition to Button Gwinnett shareholders and Premier's recent
closing prices on the American Stock Exchange, Inc.

      Based in the Atlanta metropolitan area, Premier is a bank
holding company with three subsidiaries: Premier Bank; Premier
Lending Corporation; and The Central and Southern Bank of
Georgia.

      Button Gwinnett is a bank holding company headquartered in
Lawrenceville, Georgia.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

      (a)  Financial Statements of Business Acquired

      At the present time, it is impractical to provide the
required financial statements for Button Gwinnett relative to the
Button Gwinnett acquisition as required by Article 11 of
Regulation S-X and this Item 7 of Form 8-K.  Premier will file
financial statements under cover of a Form 8-K/A as soon as
practicable, but not later than September 15, 1998 (60 days after
this Report is required to be filed).

      (b) Pro Forma Financial Information

      At the present time, it is impractical to provide the pro
forma financial information relative to the Button Gwinnett
acquisition as required by Article 11 of Regulation S-X and this
Item 7 of Form 8-K.  Premier will file such pro forma financial
information under cover of a Form 8-K/A as soon as practicable,
but not later than September 15, 1998 (60 days after this Report
is required to be filed).

      (c) Exhibits

      2.1 Agreement and Plan of Reorganization dated as of
February 5, 1998, by and between  Premier and Button Gwinnett
(incorporated by reference from Premier's Form S-4 Registration
Statement File No. 333-50535 (included as Appendix A)).

      2.2 First Amendment to Agreement and Plan of Reorganization
dated as of April 29, 1998, by and between Premier and Button
Gwinnett (incorporated by reference from Premier's Form S-4
Registration Statement File No. 333-50535 (included as Appendix
A)).

      99.1     Press Release.

                                
                            SIGNATURE

      Pursuant to the requirements of the Securities 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: July 2, 1998            /s/ Darrell D. Pittard
                              ----------------------
                              Darrell D. Pittard,
                              Chairman and Chief Executive Officer