FORM 10-Q/A AMENDMENT NO.I

                         SECURITIES AND EXCHANGE COMMISSION

                              Washington, D.C.  20549


       Quarterly Report Under Section 13 or 15(d)of the Securities Exchange Act
                                       of 1934

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE EXCHANGE
    ACT OF 1934


For the quarterly period ended     March 31, 1998

                                        OR

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

For the transition period from                        to


                                 ___________________


For Quarter Ended March 31, 1998    Commission file number:  2-96350


                                  CNB Corporation
               (Exact name of registrant as specified in its charter)


South Carolina                                  57-0792402
(State or other jurisdiction of                 (I.R.S. Employer
incorporation or organization)                  Identification No.)

P.O. Box 320, Conway, South Carolina            29526
(Address of principal executive offices)        (Zip Code)


(Registrant's telephone number, including area code):  (843) 248-5721


       Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.  Yes  X .   No    .


The number of shares outstanding of the issuer's  $10.00 par value common stock
as of March 31, 1998 was 597,900.









<PAGE>









CNB Corporation
                                                                        Page

PART I.    FINANCIAL INFORMATION


Item 1.    Financial Statements:

           Consolidated Balance Sheets as of March 31, 1998,               1
           December 31, 1997 and March 31, 1997

           Consolidated Statement of Income for the Three Months           2
           Ended March 31, 1998 and 1997

           Consolidated Statement of Changes in Stockholders'              3
           Equity for the Three Months Ended March 31, 1998
           and 1997

           Consolidated Statement of Cash Flows for the Three Months       4
           Ended March 31, 1998 and 1997

           Notes to Consolidated Financial Statements                   5-12

Item 2.    Management's Discussion and Analysis of Financial           13-20
           Condition and Results of Operations

PART II.   OTHER INFORMATION

Item 6.    Exhibits and Reports on Form 8-K                               21


SIGNATURE                                                                 22































<PAGE>

                         CNB Corporation and Subsidiary
                          Consolidated Balance Sheets
             (All Dollar Amounts, Except Per Share Data, in Thousands)
                                  (Unaudited)
<TABLE>
<CAPTION>
                                         March 31,   December 31,  March 31,
                                           1998         1997        1997
ASSETS:
<S>                                      <C>         <C>            <C>
    Cash and due from banks              $ 15,683     $ 14,371      $ 15,118
    Interest bearing deposits with banks        0            0             0
    Investment Securities                  63,195       70,239        72,784
      (Fair values of $63,983 at
       March 31, 1998, $70,893 at
       December 31, 1997, and $72,411
       at March 31, 1997)
    Securities Available for Sale          59,300       53,184        60,557
      (Amortized cost of $58,874 at
       March 31, 1998, $52,855 a
       December 31, 1997, and $60,885
       at March 31, 1997)
    Federal Funds sold and securities
       purchased under agreement
       to resell                           34,575       11,375        12,150
    Loans:
       Gross Loans                        227,140      222,826       197,704
       Less unearned income                (1,089)      (1,105)       (1,022)
         Loans, net of unearned income    226,051      221,721       196,682
       Less reserve for possible
          loan losses                      (3,014)      (2,879)       (2,534)
         Net loans                        223,037      218,842       194,148
    Bank premises and equipment             6,780        6,798         6,702
    Other assets                            6,654        6,335         6,211
Total assets                              409,224      381,144       367,670

LIABILITIES AND STOCKHOLDERS' EQUITY:
    Deposits:
       Non-interest bearing                61,743       55,422        55,240
       Interest-bearing                   266,447      245,905       239,787
          Total deposits                  328,190      301,327       295,027
    Federal funds purchased an
       securities sold under agreement
       to repurchase                       37,098       32,366        32,312
    Other short-term borrowings             1,672        5,000         2,573
   Obligations under mortgages and
       capital leases                           0            0             4
    Other liabilities                       3,247        4,707         2,271
    Minority interest in subsidiary            28           27            25
  Total liabilities                       370,235      343,427       332,212
     Stockholders' equity:
       Common stock, par value $10 per
       share:  Authorized 1,500,000 in
       1998 and 500,000 in 1997;
       issued 598,687 in 1998 and
       479,093 in 1997                      5,987        5,987         4,791
       Surplus                             24,551       24,552        15,699
       Undivided Profits                    8,266        7,030        15,194
       Net Unrealized Holding                 255          197          (196)
       Gains (Losses) on
        Available-For-Sale Securities
         Less:  Treasury stock                (70)         (49)          (30)
            Total stockholders' equity     38,989       37,717        35,458
           Total liabilities
             and stockholders' equity     409,224      381,144       367,670
 </TABLE>






                                     1
<PAGE>


                        CNB Corporation and Subsidiary
                       Consolidated Statement of Income
         (All Dollar Amounts, Except Per Share Data, in Thousands)
                                 (Unaudited)
<TABLE>
<CAPTION>
                                                          Three Months Ended
                                                              March 31,
                                                            1998      1997
Interest Income:
<S>                                                       <C>       <C>
  Interest and fees on loans                              $  5,093  $  4,509
  Interest on investment securities:
    Taxable investment securities                            1,687     1,757
    Tax-exempt investment securities                           179       180
    Other securities                                             0         0
  Interest on federal funds sold and securities
    purchased under agreement to resell                        228       129
      Total interest income                                  7,187     6,575

Interest Expense:
  Interest on deposits                                       2,742     2,366
  Interest on federal funds purchased and securities
    sold under agreement to repurchase                         398       415
  Interest on other short-term borrowings                       26        17
      Total interest expense                                 3,166     2,798
Net interest income                                          4,021     3,777
Provision for possible loan losses                             190       240
Net interest income after provision for possible
  loan losses                                                3,831     3,537
Other income:
  Service charges on deposit accounts                          590       534
  Gains/(Losses) on securities                                   0         0
  Other operating income                                       226       186
      Total other income                                       816       720
Other expenses:
  Minority interest in income of subsidiary                      1         1
  Salaries and employee benefits                             1,661     1,513
  Occupancy expense                                            423       420
  Other operating expenses                                     669       607
      Total operating expenses                               2,754     2,541
Income before income taxes                                   1,893     1,716
  Income tax provision                                         657       603
Net Income                                                   1,236     1,113

  Per share data (1):
  Net income per weighted average shares outstanding      $   2.07  $   1.86

  Cash dividend paid per share                            $      0  $      0

  Book value per actual number of shares outstanding      $  65.21  $  59.25

  Weighted average number of shares outstanding            598,098   598,197

  Actual number of shares outstanding                      597,900   598,466
</TABLE>
(1) Adjusted for the effect of a 25% stock dividend issued during the
    third quarter of 1997.












                                     2

<PAGE>
                      CNB Corporation and Subsidiary
     Consolidated Statement of Changes in Stockholders' Equity
                     (All Dollar Amounts in Thousands)
                               (Unaudited)
<TABLE>
<CAPTION>
                                                      Three Months Ended
                                                           March 31,
                                                     1998           1997
<S>                                                 <C>           <C>
Common Stock:
($10 par value; 500,000 shares authorized)
Balance, January 1                                   5,987         4,791
Issuance of Common Stock                              None          None
Balance at end of period                             5,987         4,791



Surplus:
Balance, January 1                                  24,552        15,697
Issuance of Common Stock                              None          None
Gain on sale of treasury stock                           0             2
Balance at end of period                            24,551        15,699



Undivided profits:
Balance, January 1                                   7,030        14,082
Net Income                                           1,236         1,113
Cash dividends declared                               None          None
Balance at end of period                             8,266        15,194



Net unrealized holding gains/(losses) on
Available-for-sale securities:
Balance, January 1                                     197            27
Change in net unrealized gains/(Losses)                 58          (223)
Balance at end of period                               255          (196)



Treasury stock:
Balance, January 1                                     (49)         (101)
Purchase of treasury stock                            (127)           (7)
Reissue of treasury stock                              106            79
Balance at end of period                               (70)          (30)



Total stockholders' equity                          38,989        35,458
</TABLE>

Note:  Columns may not add due to rounding.

















                                     3
<PAGE>
                         CNB CORPORATION AND SUBSIDIARY
                     CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (Unaudited)
<TABLE>
<CAPTION>
                                         For the three-month period ended March 31,
                                                       1998        1997
<S>                                                 <C>         <C>
OPERATING ACTIVITIES
  Net income                                        $ 1,236     $  1,113
  Adjustments to reconcile net income to
    net cash provided by operating activities
    Depreciation                                        172          167
    Provision for loan losses                           190          240
    Provision for deferred income taxes                  49          (60)
    Loss (gain) on sale of investment
     securities                                           0            0
    (Increase) decrease in accrued interest
     receivable                                        (240)        (407)
    (Increase) decrease in other assets                 (79)           6
    (Decrease) increase in other liabilities            266           (4)
    Increase in minority interest in
     subsidiary                                           1            0

        Net cash provided by operating
          activities                                  1,595        1,055

INVESTING ACTIVITIES
  Proceeds from sale of investment securities
   available for sale                                     0            0
  Proceeds from maturities of investment
   securities held to maturity                       10,440        5,570
  Proceeds from maturities of investment
   securities available for sale                      3,884        3,500
  Purchase of investment securities held to
   Maturity                                          (3,000)      (6,124)
  Purchase of investment securities
   available for sale                               (10,000)      (4,000)
  Decrease (increase) in interest-bearing
    deposits in banks                                     0            0
  (Increase) decrease in federal funds sold         (23,200)     (12,150)
  (Increase) decrease in loans                       (4,330)     (11,807)
  Premises and equipment expenditures                  (154)          (3)

        Net cash provided by (used for)
          investing activities                      (26,756)     (25,014)

FINANCING ACTIVITIES
  Dividends paid                                     (1,794)      (1,433)
  Increase (Decrease) in deposits                    26,863       26,614
  (Decrease) increase in securities sold
    under repurchase agreement                        4,732         (706)
  (Decrease) increase in other
    short-term borrowings                            (3,328)         254
  Increase (decrease)in obligation under
   mortgages and capital leases                           0           (2)

        Net cash provided by (used for)
          financing activities                       26,473       24,727

        Net increase (decrease) in cash
          and due from banks                          1,312          768
CASH AND DUE FROM BANKS, BEGINNING OF YEAR           14,371       14,350

CASH AND DUE FROM BANKS, MARCH 31, 1998 AND 1997    $15,683     $ 15,118

CASH PAID (RECEIVED) FOR:
  Interest                                          $ 3,200     $  2,601
  Income taxes                                      $   131     $    551

</TABLE>                            4
<PAGE>

CNB CORPORATION AND SUBSIDIARY (The "Corporation")

CNB CORPORATION (The "Parent")

THE CONWAY NATIONAL BANK (The "Bank")


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(All Dollar Amounts in Thousands)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Net income per share - Net income per share is computed on the basis of the
weighted average number of common shares outstanding adjusted for the effect of
a 25% stock dividend paid during the third quarter of 1997, 598,098 for the
three-month period ended March 31, 1998 and 598,197 for the three-month period
ended March 31, 1997.


NOTE 2 - RESTRICTIONS ON CASH AND DUE FROM BANKS

The Bank is required to maintain average reserve balances either at the Bank or
on deposit with the Federal Reserve Bank.  The average amount of these reserve
balances for the three-month period ended March 31, 1998 and for the years ended
December 31, 1997 and 1996 were approximately $6,072, $5,909, and $5,112,
respectively.












































                                     5
<PAGE>


NOTE 3 - INVESTMENT SECURITIES

Investment securities with a par value of approximately $71,595 at March 31,
1998 and $69,965 at December 31, 1997 were pledged to secure public deposits and
for other purposes required by law.

The following summaries reflect the book value, unrealized gains and losses,
approximate market value, and tax-equivalent yields of investment securities at
March 31, 1998 and at December 31, 1997.
<TABLE>
<CAPTION>
                                                  March 31, 1998
                             Book       Unrealized Holding   Fair
                             Value       Gains    Losses     Value         Yield(1)
<S>                        <C>           <C>      <C>        <C>           <C>
AVAILABLE FOR SALE
  United States Treasury
   Within one year         $ 9,276       $   61   $    4      $ 9,333       6.73%
   One to five years        10,974          124        0       11,098       6.09
                            20,250          185        4       20,431       6.38
  Federal agencies
   Within one year           6,157            6        5        6,158       5.31
   One to five years        30,651          237       35       30,853       6.13
   Six to ten years          1,375           32        0        1,407       6.90
                            38,183          275       40       38,418       6.02
  State, county and
  municipal
   One to five years           325           10        0          335       7.85
                               325           10        0          335       7.85
  Other Securities(Equity)     116            0        0          116        -
  Total available for sale $58,874       $  470   $   44      $59,300       6.14%

HELD TO MATURITY
  United States Treasury
   Within one year          13,679           35       20       13,694       5.43
   One to five years         8,002          111        0        8,113       6.35
                            21,681          146       20       21,807       5.77
  Federal agencies
   One to five years        28,312          308       15       28,605       6.25
                            28,312          308       15       28,605       6.25

  State, county and
  municipal
   Within one year           1,304           21        0        1,325       9.59%
   One to five years         6,503          204        1        6,706       8.39
   Six to ten years          5,240          143        0        5,383       7.44
   After ten years             155            2        0          157       7.44
                            13,202          370        1       13,571       8.12
   Total held to maturity  $63,195       $  824  $    36      $63,983       6.47%
</TABLE>
(1) Tax equivalent adjustment based on a 34% tax rate.

As of the quarter ended March 31, 1998, the Bank did not hold any securities of
an issuer that exceeded 10% of stockholders' equity. The net unrealized holding
gains/(losses) on available-for-sale securities component of capital is $255 as
of March 31, 1998.















                                      6
<PAGE>
NOTE 3 - INVESTMENT SECURITIES (Continued)


<TABLE>
<CAPTION>
                                                December 31, 1997
                             Book        Unrealized          Fair
                             Value     Gains    Losses       Value         Yield(1)
<S>                        <C>       <C>        <C>          <C>           <C>
AVAILABLE FOR SALE
  United States Treasury
   Within one year         $10,252   $   52     $     8      $10,296        6.53%
   One to five years        11,987      125           -       12,112        6.30%
                            22,239      177           8       22,408        6.41%
  Federal agencies
   Within one year           4,995        1          12        4,984        5.11%
   One to five years        23,805      158          18       23,945        6.26%
   After ten years           1,375       21           -        1,396        6.90%
                            30,175      180          30       30,325        6.10%
  State, county and
  municipal
   One to five years           325       10           -          335        7.85%

  Other - restricted
   Federal Reserve
    Bank Stock                 116        -           -          116        6.03%

  Total available for sale $52,855   $  367     $    38      $53,184        6.24%

HELD TO MATURITY
  United States Treasury
   Within one year          17,703       11          49       17,665        5.14%
   One to five years         9,977      131           -       10,108        6.46%
                            27,680      142          49       27,773        5.62%
  Federal agencies
   One to five years        28,235      216          45       28,406        6.34%

  State, county and
  municipal
   Within one year           1,540        9           -        1,549        8.88%
   One to five years         6,436      214           1        6,649        8.71%
   Six to ten years          5,746      157           -        5,903        7.39%
   After ten years             602       11           -          613        7.39%
                            14,324      391           1       14,714        8.14%
   Total held to maturity  $70,239   $  749     $    95      $70,893        6.42%
</TABLE>
(1) Tax equivalent adjustment based on a 34% tax rate.

As of the quarter ended December 31, 1997, the Bank did not hold any securities
of an issuer that exceeded 10% of stockholders' equity. The net unrealized
holding gains/(losses) on available-for-sale securities component of capital is
$197 as of December 31, 1997.
















                                     7
<PAGE>



NOTE 4 - LOANS AND ALLOWANCE FOR LOAN LOSSES

     The following is a summary of loans at March 31, 1998 and December 31, 1997
by major classification:
<TABLE>
<CAPTION>
                                          March 31,           December 31,
                                            1998                  1997
<S>                                      <C>                  <C>
Real estate loans - mortgage             $  137,362          $ 136,441
                  - construction             18,228             19,653
Commercial and industrial loans              38,101             34,606
Loans to individuals for household,
  family and other consumer expenditures     31,451             30,772
Agriculture                                   1,810              1,214
All other loans, including overdrafts           188                140
     Gross loans                            227,140            222,826
       Less unearned income                  (1,089)            (1,105)
       Less reserve for loan losses          (3,014)            (2,879)
         Net loans                          223,037            218,842
</TABLE>


















































                                     8
<PAGE>
NOTE 4 - LOANS AND ALLOWANCE FOR LOAN LOSSES, continued

     Changes in the reserve for loan losses for the quarter ended March 31, 1998
and 1997 and the year ended December 31, 1997 are summarized as follows:
<TABLE>
<CAPTION>
                                                            Quarter Ended
                                                        March 31,      December 31,
                                                   1998         1997       1997
<S>                                                <C>        <C>        <C>
Balance, beginning of period                       $ 2,879   $ 2,370     $ 2,370
Charge-offs:
   Commercial, financial, and agricultural              46        28         238
   Real Estate - construction and mortgage               1         0           5
   Loans to individuals                                116        81         399
       Total charge-offs                           $   163   $   109     $   642
Recoveries:
   Commercial, financial, and agricultural         $    30   $     5     $   100
   Real Estate - construction and mortgage               1         0         106
   Loans to individuals                                 77        28         145
       Total recoveries                            $   108   $    33     $   351
Net charge-offs/(recoveries)                       $    55   $    76     $   291
Additions charge to operations                     $   190   $   240     $   800
Balance, end of period                             $ 3,014   $ 2,534     $ 2,879

Ratio of net charge-offs during the period
 to average loans outstanding during the
 period                                                .02%      .04%        .14%

</TABLE>
The entire balance is available to absorb future loan losses.

At March 31, 1998 and December 31, 1997 loans on which no interest was being
accrued totalled approximately $165 and $24, respectively; foreclosed real
estate totalled $0 and $16, respectively; and loans 90 days past due and still
accruing totalled $221 and $135, respectively.

                               OTHER INTEREST-BEARING ASSETS

The Bank maintained an investment in an executive life insurance program through
Confederation Life Insurance and Annuity Company, Inc.  During 1994 the Michigan
Insurance Commission seized control of this United States Corporation due to a
similar action by the Canadian regulatory authorities over the company's parent
corporation, Confederation Life Insurance Company.  Regulatory oversight began
as concerns regarding investment losses of the parent corporation developed
during 1993 and 1994.  Management determined that any impairment of the
approximate $2,100,000 cash surrender value of the policies was remote due to
the financial stability of the U.S. subsidiary.  Subsequently, on October 23,
1996, a plan of Rehabilitation for Confederation Life Insurance Company (U.S.)
was confirmed by the State of Michigan in the Circuit Court for the County of
Ingham.  The plan provided for the assumption of Company owned life insurance
policies (COLI), such as the Bank's, to be assumed by Pacific Mutual Life
Insurance Company.  Under the agreement, holders of COLI policies had the option
to have a policy reinsured by Pacific Mutual which was expected to have the same
account value and substantially the same contract terms as the original policy
or to receive the liquidation or "opt-out" value of the policy.

The Bank's independent external auditors revisited the facts and circumstances
regarding the investment in the COLI program and read the related guidance in
SFAS No. 5 and SAB Topic 5(Y).  There continues to be no significant
uncertainties requiring the recognition of a loss contingency.

The Bank's COLI policies were reinsured by Pacific Mutual during the third
quarter of 1997.  Management received permission from the Office of the
Comptroller of the Currency to return this asset to accrual status and to adjust
the carrying value during the first quarter of 1998 with the total cash
surrender values totalling approximately $85,000 above the carrying value on the
bank's books.

As of March 31, 1998, the Company does not have any interest-bearing assets that
would be required to be disclosed under Item III.C.1. or 2. if such assets were
loans.
                                                9
<PAGE>

NOTE 5 - PREMISES AND EQUIPMENT

     Property at March 31, 1998 and December 31, 1997 is summarized as follows:

                                     March 31,         December 31,
                                       1998                1997

Land and buildings                   $  8,852           $  8,853
Furniture, fixtures and equipment       5,292              5,313
Construction in progress                   14                  2
                                     $ 14,158           $ 14,168

Less accumulated depreciation and
   amortization                         7,378              7,370
                                     $  6,780           $  6,798

     Depreciation and amortization of bank premises and equipment charged to
operating expense was $172 for the quarter ended March 31, 1998 and $700 for the
year ended December 31, 1997.

NOTE 6 - CERTIFICATES OF DEPOSIT IN EXCESS OF $100,000

     At March 31, 1998 and December 31, 1997, certificates of deposit of
$100,000 or more included in time deposits totalled approximately $66,316 and
$56,305 respectively.  Interest expense on these deposits was approximately $874
for the quarter ended March 31, 1998 and $2,815 for the year ended December 31,
1997.

NOTE 7 - SECURITIES SOLD UNDER REPURCHASE AGREEMENTS

     At March 31, 1998 and December 31, 1997, securities sold under repurchase
agreements totalled approximately $37,098 and $32,366.  U.S. Government
securities with a book value of $38,939 ($39,355 market value) and $38,984
($39,242 market value), respectively, are used as collateral for the agreements.
The weighted-average interest rate of these agreements was 4.59 percent and 4.61
percent at March 31, 1998 and December 31, 1997.

NOTE 8 - LINES OF CREDIT

     At March 31, 1998, the Bank had unused short-term lines of credit to
purchase Federal Funds from unrelated banks totalling $19,000.  These lines of
credit are available on a one to seven day basis for general corporate purposes
of the Bank.  All of the lenders have reserved the right to withdraw these lines
at their option.

     The Bank has a demand note through the U.S. Treasury, Tax and Loan system
with the Federal Reserve Bank of Richmond.  The Bank may borrow up to $7,000
under the arrangement at a variable interest rate.  The note is secured by U.S.
Treasury Notes with a market value of $6,078 at March 31, 1998.  The amount
outstanding under the note totalled $1,672 and $5,000 at March 31, 1998 and
December 31, 1997, respectively.

NOTE 9 - INCOME TAXES

     Income tax expense for the quarter ended March 31, 1998 and March 31, 1997
on pretax income of $1,893 and $1,716 totalled $657 and $603, respectively.  The
provision for federal income taxes is calculated by applying the 34% statutory
federal income tax rate and increasing or reducing this amount due to any
tax-exempt interest, state bank tax (net of federal benefit), business credits,
surtax exemption, tax preferences, alternative minimum tax calculations, or
other factor.  A summary of income tax components and a reconciliation of income
taxes to the federal statutory rate is included in fiscal year-end reports.

     Effective January 1, 1992, the Company adopted the provisions of Statement
of Financial Accounting Standards ("SFAS") No. 109, "Accounting for Income
Taxes".  SFAS 109 replaces SFAS 96 beginning in 1993, with early implementation
permitted.  The impact of the adoption of SFAS 109 is not considered to be
material.






                                    10
<PAGE>
NOTE 10 - COMMITMENTS AND CONTINGENT LIABILITIES

     From time to time the bank subsidiary is a party to various litigation,
both as plaintiff and as defendant, arising from its normal operations.  No
material losses are anticipated in connection with any of these matters at March
31, 1998.

     Also, in the normal course of business, the bank subsidiary has outstanding
commitments to extend credit and other contingent liabilities, which are not
reflected in the accompanying financial statements.  At March 31, 1998,
commitments to extend credit totalled $21,352; financial standby letters of
credit totalled $117; and performance standby letters of credit totalled $1,510.
In the opinion of management, no material losses or liabilities are expected as
a result of these transactions.

NOTE 11 - EMPLOYEE BENEFIT PLAN

     The Bank has a defined contribution pension plan covering all employees who
have attained age twenty-one and have a minimum of one year of service.  Upon
ongoing approval of the Board of Directors, the Bank matches one-hundred percent
of employee contributions up to one percent of employee salary deferred and
fifty percent of employee contributions in excess of one percent and up to six
percent of salary deferred.  The Board of Directors may also make discretionary
contributions to the Plan.  For the quarter ended March 31, 1998 and years ended
December 31, 1997, 1996 and 1995, $93, $361, $336, and $266, respectively, was
charged to operations under the plan.

NOTE 12 - REGULATORY MATTERS

     The Bank is subject to various regulatory capital requirements administered
by the federal banking agencies.  Failure to meet minimum capital requirements
can initiate certain mandatory -and possibly additional discretionary - actions
by regulators that, if undertaken, could have a direct material effect on the
financial statements.  The regulations require the Bank to meet specific capital
adequacy guidelines that involve quantitative measures of assets, liabilities,
and certain off-balance-sheet items as calculated under regulatory accounting
practices.  The capital classification is also subject to qualitative judgments
by the regulators about components, risk weightings, and other factors.

     Quantitative measures established by regulation to ensure capital adequacy
require the maintenance of minimum amounts and ratios (set forth in the table
below) of Tier I capital to adjusted total assets (Leverage Capital ratio) and
minimum ratios of Tier I and total capital to risk-weighted assets.  To be
considered adequately capitalized under the regulatory framework for prompt
corrective action, the Bank must maintain minimum Tier I leverage, Tier I
risk-based and total risked-based ratios as set forth in the table.  The Bank's
actual capital ratios are also presented in the table below as of March 31,1998:
                                                               To be
                                                          well capitalized
                                               For          under prompt
                                         capital adequacy corrective action
                                            purposes         provisions
                             Actual          Minimum           Minimum
                         Amount   Ratio   Amount  Ratio     Amount  Ratio
Total Capital (to risk   $39,705  16.73%  $18,984  8.0%     $23,730  10.0%
 weighted assets)
Tier I Capital (to risk   36,739  15.48     9,492  4.0       14,238   6.0
 weighted assets)
Tier I Capital (to avg.   36,739   9.33    15,747  4.0       19,683   5.0
 assets)









                                    11
<PAGE>



NOTE 13 - CONDENSED FINANCIAL INFORMATION

     Following is condensed financial  information of CNB Corporation (parent
company only):
                               CONDENSED BALANCE SHEET
                                     MARCH 31, 1998
                                      (Unaudited)
ASSETS
   Cash                                                          $  1,637
   Investment in subsidiary                                        36,967
   Fixed assets                                                       348
   Other assets                                                        37
                                                                 $ 38,989

LIABILITIES AND STOCKHOLDERS' EQUITY
   Other liability                                               $      0
   Stockholders' equity                                            38,989
                                                                 $ 38,989


                           CONDENSED STATEMENT OF INCOME
                  For the three-month period ended March 31, 1998
                                   (Unaudited)

EQUITY IN NET INCOME OF SUBSIDIARY                               $  1,263
OTHER INCOME                                                            0
OTHER EXPENSES                                                        (27)
   Net Income                                                    $  1,236







DISCUSSION OF FORWARD-LOOKING STATEMENTS

Information in the enclosed report, other than historical information, may
contain forward-looking statements that involve risks and uncertainties,
including, but not limited to, timing of certain business initiatives of the
Company, the Company's interest rate risk condition, and future regulatory
actions of the Comptroller of the Currency and Federal Reserve System.  It is
important to note that the Company's actual results may differ materially and
adversely from those discussed in forward-looking statements.



























                                    12
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS

Management's Discussion and Analysis is provided to afford a clearer
understanding of the major elements of the corporation's results of operations,
financial condition, liquidity, and capital resources. The following discussion
should be read in conjunction with the corporation's financial statements and
notes thereto and other detailed information appearing elsewhere in this report.
In addition, the results of operations for the interim periods shown in this
report are not necessarily indicative of results to be expected for the fiscal
year.  In the opinion of management, the information contained herein reflects
all adjustments necessary to make the results of operations for the interim
periods a fair statement of such operations.  All such adjustments are of a
normal and recurring nature.

DISTRIBUTION OF ASSETS AND LIABILITIES

The Company maintains a conservative approach in determining the distribution of
assets and liabilities.  Loans, net of unearned income, have increased 14.9%
from $196,682 at March 31, 1997 to $226,051 at March 31, 1998 and have increased
as a percentage of total assets from 53.5% to 55.2% over the same period as loan
demand has remained strong in our market. Securities and federal funds sold have
decreased as a percentage of total assets from 39.6% at March 31, 1997 to 38.4%
at March 31, 1998 as we have utilized funds from the investments area to meet
the credit needs of the community. This level of investments and federal funds
sold provides for a more than adequate supply of secondary liquidity.
Management has sought to build the deposit base with stable, relatively
non-interest-sensitive deposits by offering the  small to medium deposit account
holders a wide array of deposit instruments at competitive rates.
Non-interest-bearing demand deposits increased slightly as a percentage of total
assets from 15.0% at March 31, 1997 to 15.1% at March 31, 1998.  However, as
more customers, both business and personal, are attracted to interest-bearing
deposit accounts, we expect the percentage of demand deposits to decline over
the long-term.  Interest-bearing deposits have decreased slightly from 65.2% of
total assets at March 31, 1997 to 65.1% at March 31, 1998 while securities sold
under agreement to repurchase have increased from 8.8% to 9.1% over the same
period.

The following table sets forth the percentage relationship to total assets of
significant component's of the corporation's balance sheet as of March 31, 1998
and 1997:
<TABLE>
<CAPTION>
                                                                  March 31,
<S>                                                       <C>             <C>
Assets:                                                   1998            1997
  Earning assets:
   Loans, net of unearned income                           55.2%            53.5%
   Investment securities                                   15.4              9.8
   Securities Available for Sale                           14.5             16.5
   Federal funds sold and securities purchased
     under agreement to resell                              8.5              3.3
   Other earning assets                                      -                -
      Total earning assets                                 93.6             93.1
   Other assets                                             6.4              6.9
      Total assets                                        100.0%           100.0%

Liabilities and stockholders' equity:
  Interest-bearing liabilities:
   Interest-bearing deposits                               65.1%            65.2%
   Federal funds purchased and securities sold
    under agreement to repurchase                           9.1              8.8
   Other short-term borrowings                               .4               .7
       Total interest-bearing liabilities                  74.6             74.7
         Noninterest-bearing deposits                      15.1             15.0
   Other liabilities                                         .8               .7
   Stockholders' equity                                     9.5              9.6
       Total liabilities and stockholders' equity         100.0%           100.0%
</TABLE>






                                           13
<PAGE>
RESULTS OF OPERATION

CNB Corporation experienced earnings for the three-month period ended March 31,
1998 and 1997 of $1,236 and $1,113, respectively, resulting in a return on
average assets of 1.25% and 1.24% and a return on average stockholders' equity
of 12.88% and 13.16%.

The earnings were primarily attributable to net interest margins in each period
(see Net Income-Net Interest Income).  Other factors include management's
ongoing effort to maintain other income at adequate levels (see Net Income -
Other Income) and to control other expenses (see Net Income - Other Expenses).
This level of earnings, coupled with a conservative dividend policy, have
supplied the necessary capital funds to support the growth in total assets.
Total assets have increased $41,554 or 11.3% from  $367,670 at March 31, 1997 to
$409,224 at March 31, 1998.  The following table sets forth the financial
highlights for the three-month periods ending March 31, 1998 and March 31, 1997:

                              CNB Corporation
                       CNB Corporation and Subsidiary
                           FINANCIAL HIGHLIGHTS
          (All Dollar Amounts, Except Per Share Data, in Thousands)

                                              Three-Month Period Ended March 31,
<TABLE>
<CAPTION>
                                                                         Percent
                                                                         Increase
                                                  1998         1997     (Decrease)
<S>                                             <C>          <C>         <C>
Net interest income after provision for
    loan losses                                    3,831       3,537          8.3%
Income before income taxes                         1,893       1,716         10.3
Net Income                                         1,236       1,113         11.1
Per Share (1)                                       2.07        1.86         11.3
Cash dividends declared                                0           0            0
   Per Share (1)                                       0           0            0

Total assets                                     409,224     367,670         11.3%
Total deposits                                   328,190     295,027         11.2
Loans, net of unearned income                    226,051     196,682         14.9
Investment securities                            122,495     133,341         (8.1)
Stockholders' equity                              38,989      35,458         10.0
    Book value per share (1)                       65.21       59.25         10.1

Ratios (2):
Annualized return on average total assets           1.25%       1.24%          .8%
Annualized return on average stockholders'
  Equity                                           12.88%      13.16%        (2.1)%
</TABLE>

(1)   Adjusted for the effect of a 25% stock dividend issued during the third
quarter of 1997.

(2)   For the three-month period ended March 31, 1998 and March 31, 1997,
average total assets amounted to $394,051 and $358,598 with average
stockholders' equity totaling $38,384 and $33,817, respectively.














                                    14
<PAGE>

NET INCOME

Net Interest Income - Earnings are dependent to a large degree on net interest
income, defined as the difference between gross interest and fees earned on
earning assets, primarily loans and securities, and interest paid on deposits
and borrowed funds.  Net interest income is effected by the interest rates
earned or paid and by volume changes in loans, securities, deposits, and
borrowed funds.

Interest rates paid on deposits and borrowed funds and earned on loans and
investments have generally followed the fluctuations in market interest rates in
1998 and 1997.  However, fluctuations in market interest rates do not
necessarily have a significant impact on net interest income, depending on the
bank's rate sensitivity position.  A rate sensitive asset (RSA) is any loan or
investment that can be repriced either up or down in interest rate within a
certain time interval.  A rate sensitive liability (RSL) is an interest paying
deposit or other liability that can be repriced either up or down in interest
rate within a certain time interval.  When a proper balance between RSA and RSL
exists, market interest rate fluctuations should not have a significant impact
on earnings. The larger the imbalance, the greater the interest rate risk
assumed by the bank and the greater the positive or negative impact of interest
rate fluctuations on earnings.  The bank seeks to manage its assets and
liabilities in a manner that will limit interest rate risk and thus stabilize
longrun earning power.  Management believes that a rise or fall in interest
rates will not materially effect earnings.

The Bank has maintained adequate net interest margins for the three-month period
ended March 31, 1998 and 1997 by earning satisfactory yields on loans and
investments and funding these assets with a favorable deposit mix containing a
significant level of noninterest-bearing demand deposits.

Fully-tax-equivalent net interest income showed a 6.3% increase from $3,870 for
the three-month period ended March 31, 1997 to $4,113 for the three-month period
ended March 31, 1998.  During the same period, total fully-tax-equivalent
interest income increased by 9.2% from $6,668 to $7,279 and total interest
expense increased by 13.2% from $2,798 to $3,166. Fully-tax-equivalent net
interest income as a percentage of total earning assets has shown a decrease of
 .16% from 4.62% for the three-month period ended March 31, 1997 to 4.46% for the
three-month period ended March 31, 1998.

The tables on the following two pages present selected financial data and an
analysis of net interest income.
































                                    15
<PAGE>
                                       CNB Corporation and Subsidiary
                                           Selected Financial Data
<TABLE>
<CAPTION>
                                        Three Months Ended 3/31/98        Three Months Ended 3/31/97
                                        Avg.     Interest     Avg. Ann.    Avg.     Interest   Avg.Ann.
                                      Balance    Income/      Yield or   Balance    Income/    Yield or
                                                 Expense(1)     Rate                Expense(1)   Rate
<S>                                  <C>          <C>           <C>       <C>         <C>         <C>
Assets:
  Earning assets:
   Loans, net of unearned income     $223,932      $ 5,093      9.10%     $190,868    $ 4,509     9.45%
     Securities:
     Taxable                          111,894        1,687      6.03       119,212      1,757     5.90
     Tax-exempt                        13,843          271      7.83        13,952        273     7.83
   Federal funds sold and
     securities purchased under
     agreement to resell               19,474          228      4.68        10,800        129     4.78
   Other earning assets                     0            0         -             0          0        -
      Total earning assets            369,143        7,279      7.89       334,832      6,668     7.97
    Other assets                       24,908                               23,766
      Total assets                   $394,051                             $358,598

Liabilities and stockholder equity
   Interest-bearing liabilities:
   Interest-bearing deposits         $257,784        2,742      4.25      $233,672    $ 2,366     4.05
   Federal funds purchased and
    securities sold under
    agreement to repurchase            35,263          398      4.51        35,945        415     4.62
   Other short-term borrowings          1,471           26      7.07         1,237         17     5.50
   Obligations under mortgages
     and capitalized leases                 0            0         -             4          0     8.00
       Total interest-bearing
         liabilities                 $294,518      $ 3,166      4.30      $270,858    $ 2,798     4.13
   Noninterest-bearing deposits        57,807                               50,346
   Other liabilities                    3,342                                3,577
   Stockholders' equity                38,384                               33,817
         Total liabilities and
           stockholders' equity      $394,051                             $358,598
   Net interest income as a percent
     of total earning assets         $369,143      $ 4,113      4.46      $334,832    $ 3,870     4.62

(1)  Tax-equivalent adjustment
     based on a 34% tax rate                       $    92                            $    93

Ratios:
Annualized return on average total assets                       1.25                              1.24
Annualized return on average stockholders' equity              12.88                             13.16
Cash dividends declared as a percent of net income                 0                                 0
Average stockholders' equity as a percent of:
  Average total assets
                                                                9.74                              9.43
  Average total deposits                                       12.16                             11.91
  Average loans, net of unearned income                        17.14                             17.72
Average earning assets as a percent of
average total assets                                           93.68                             93.37
</TABLE>














                                               16
<PAGE>
<TABLE>
<CAPTION>
                                                       CNB Corporation and Subsidiary
                                                        Rate/Volume Variance Analysis
                                            For the Three Months Ended March 31, 1998 and 1997
                                                           (Dollars in Thousands)
<S>                           <C>      <C>      <C>         <C>         <C>          <C>          <C>       <C>     <C>      <C>
                                                                                                                             Change
                              Average  Average                           Interest     Interest              Change  Change   Due To
                               Volume   Volume  Yield/Rate  Yield/Rate  Earned/Paid  Earned/Paid            Due to  Due To   Rate X
                                1998     1997    1998 (1)    1997 (1)    1998 (1)     1997 (1)    Variance   Rate   Volume   Volume
Earning Assets:
Loans, Net of unearned
 income (2)                   223,932   190,868     9.10%       9.45%     5,093       4,509         584     (167)     781       (30)
Investment securities:
 Taxable                      111,894   119,212     6.03%       5.90%     1,687       1,757         (70)      39     (108)       (1)
 Tax-exempt                    13,843    13,952     7.83%       7.83%       271         273          (2)       -       (2)        0
Federal funds sold and
 securities purchased under
 agreement to resell           19,474    10,800     4.68%       4.78%       228         129          99       (3)     104        (2)
Other earning assets                0         0      -           -            0           0           0        -        -         -

Total Earning Assets          369,143   334,832     7.89%       7.97%     7,279       6,668         611     (131)     775       (33)

Interest-bearing Liabilities:

Interest-bearing deposits     257,784   233,672     4.25%       4.05%     2,742       2,366         376      117      244        15
Federal funds purchased and
 securities sold under
 agreement to repurchase       35,263    35,945     4.51%       4.62%       398         415         (17)     (10)      (7)        -
Other short-term borrowings     1,471     1,237     7.07%       5.50%        26          17           9        5        3         1
Mortgage indebtedness and
 obligations under capital-
 ized leases                        0         4        -        8.00%         0           0           0        -        -         -

Total Interest-bearing
 Liabilities                  294,518   270,858     4.30%       4.13%     3,166       2,798         368      112      240        16
Interest-free Funds
 Supporting Earning Assets     74,625    63,974

Total Funds Supporting

Earning Assets                369,143   334,832     3.43%       3.35%     3,166       2,798         368      112      240        16

Interest Rate Spread                                3.59%       3.84%
Impact of Non-interest-
 bearing Funds on Net Yield
 on Earning Assets                                   .87%        .78%


Net Yield on Earning Assets                         4.46%       4.62%     4,113       3,870
</TABLE>
(1)  Tax-equivalent adjustment based on a 34% tax rate.
(2)  Includes non-accruing loans which does not have a material effect on the
     Net Yield on Earning Assets.

                                                17
<PAGE>

NET INCOME (continued)

Provision for Possible Loan Losses - It is the policy of the bank to maintain
the reserve for possible loan losses at the greater of 1.20% of net loans or the
percentage based on the actual loan loss experience over the previous five
years.  In addition, management may increase the reserve to a level above these
guidelines to cover potential losses identified in the portfolio.

The provision for possible loan losses was $190 for the three-month period ended
March 31, 1998 and $240  for the three-month period ended March 31, 1997.   Net
loan charge-offs totalled $55 for the three-month period ended March 31, 1998
and $76 for the same period in 1997.

The reserve for possible loan losses as a percentage of net loans was 1.35% at
March 31, 1998 and 1.31% at March 31, 1997.  The provision for possible loan
losses decreased from $240 during the first quarter of 1997 to $190 during the
first quarter of 1998 due to slight decreases in net loan charge-offs and the
rate of loan growth.

Securities Transactions - The bank had no security sales during the first
quarter of 1998 or 1997.  At March 31, 1998, December 31, 1997, and March 31,
1997 market value appreciation/(depreciation) in the investment portfolio
totalled $1,214, $983, and $(701), respectively.  As indicated, market value
increased in 1997 and 1998 due to falling market interest rates.

Other Income - Other income, net of any gains/losses on security transactions,
increased by 13.3% from $720 for the three-month period ended March 31, 1997 to
$816 for the three-month period ended March 31, 1998 primarily due to an
increase in deposit account volumes, higher merchant discount income, and a
June 1, 1997 increase in overall service charge rates.

Other Expenses - Other expenses increased by 8.4% from $2,541 for the
three-month period ended March 31, 1997 to $2,754 for the three-month period
ended March 31, 1998.  The major components of other expenses are salaries and
employee benefits which increased 9.8% from $1,513 to $1,661; occupancy expense
which increased .7% from $420 to $423; and other operating expenses which
increased by 10.2% from $607 to $669.  Occupancy expense has remained flat as
depreciation expense has only increased 3.0% from $167 during the first quarter
of 1997 to $172 for the same period in 1998.Salaries and employee benefits
expense has increased due to an increase of full-time-equivalent employees from
179 at March 31, 1997 to 190 at March 31, 1998 as the bank prepares to open the
new "501 North Office" in the late fall of 1998.

Income Taxes - Provisions for income taxes increased 9.0% from $603 for the
three-month period ended March 31, 1997 to $657 for the three-month period ended
March 31, 1998.  Income before income taxes less interest of tax-exempt
investment securities increased by 11.6% from $1,536 for the three-month  period
ended March 31, 1997 to $1,714 for the  same period in 1998.  State tax
liability increased as income before income taxes increased 10.3% from $1,716 to
$1,893 during the same period.

LIQUIDITY

The bank's liquidity position is primarily dependent on short-term demands for
funds caused by customer credit needs and deposit withdrawals and upon the
liquidity of bank assets to meet these needs.  The bank's liquidity sources
include cash and due from banks, federal funds sold, and short-term investments.
In addition, the bank has established federal funds lines of credit from
correspondent banks and has the ability, on a short-term basis, to borrow funds
from the Federal Reserve System.  Management feels that liquidity sources are
more than adequate to meet funding needs.









                                   18
<PAGE>
CAPITAL RESOURCES

Total stockholders' equity was $38,989, $37,717, $34,496, and $32,195 at March
31, 1998, December 31, 1997, December 31, 1996, and December 31, 1995,
representing 9.53%, 9.90%, 10.09%, and 9.92% of total assets, respectively.  At
March 31, 1998, the Bank exceeds quantitative measures established by regulation
to ensure capital adequacy (see NOTE 12 - REGULATORY MATTERS). Capital is
considered sufficient by management to meet current and prospective capital
requirements and to support anticipated growth in bank operations.

The Company paid an approximate 25% stock dividend on September 12, 1997.  The
Board continued to pay a $3.00 per share annual cash dividend at year-end 1997
on the increased number of outstanding shares which has the effect of increasing
the cash dividend payout ratio and cash dividend yield.

EFFECTS OF REGULATORY ACTION

The management of the Company and the Bank is not aware of any current
recommendations by the regulatory authorities which, if they were to be
implemented, would have a material effect on liquidity, capital resources, or
operations.

ACCOUNTING ISSUES

In an effort to simplify the current standards in the United States for
computing earnings per share ("EPS") and make them more compatible with
international standards, the FASB issued Statement of Financial Accounting
Standards ("SFAS") No. 128, "Earnings per Share" in February 1997.  SFAS 128
applies to entities with publicly traded common stock or potential common
stock and is effective for financial statements for periods ending after
December 15, 1997, including interim periods. SFAS 128 simplifies the
standards for computing EPS previously found in APB Opinion 15, "Earnings
per Share."  It replaces the presentation of primary EPS with a presentation
of basic EPS.  It also requires dual presentation of basic and diluted EPS
on the face of the income statement for all companies with complex capital
structures and requires a reconciliation of the numerator and denominator of
the basic EPS computation to the numerator and denominator of the diluted
EPS computation.  The Company does not have any dilutive common stock or
equivalents and accordingly the adoption of SFAS had no effect on earnings
per share computations.

The FASB also issued SFAS No. 129, "Disclosure of Information about Capital
Structure" in February 1997.  The purpose of SFAS 129 is to consolidate
existing disclosure requirements for ease of retrieval.  SFAS 129 contains
no change in disclosure requirements for companies that were subject to the
previously existing requirements.  It applies to all entities and is
effective for Financial Statements for periods ending after December 15,
1997.

In June 1997, the FASB issued SFAS No. 130, "Reporting Comprehensive
Income."  SFAS 130 establishes standards for reporting and display of
comprehensive income and its components (revenues, expenses, gains, and
losses) in a full set of general purpose financial statements.   SFAS 130
requires that all items that are required to be recognized under accounting
standards as components of comprehensive income be reported in a financial
statement that is displayed with the same prominence as other financial
statements.  SFAS 130 requires that companies (i) classify items of other
comprehensive income by their nature in a financial statement and (ii)
display the accumulated balance of other comprehensive income separately
from retained earnings and additional paid-in-capital in the equity section
of the statement of financial condition.  SFAS 130 is effective for fiscal
years beginning after December 15, 1997. Reclassification of financial
statements for earlier periods provided for comprehensive purposes is
required.

In June, 1997, the FASB also issued SFAS No. 131, "Disclosures about
Segments of an Enterprise and Related Information."  SFAS 131 establishes
standards for the way public enterprises are to report information about
operating segments in annual financial statements and requires those
enterprises to report selected information about operating segments in
interim financial reports issued to shareholders. It also



                                       19<PAGE>
ACCOUNTING ISSUES (continued)

establishes standards for related disclosures about products and services,
geographic areas, and major customers.  SFAS 131 supersedes SFAS No. 14,
"Financial Reporting for Segments of a Business Enterprise."  SFAS 131
becomes effective for financial statements for periods beginning after
December 15, 1997, and requires that comparative information from earlier
years be restated to conform to its requirements.  The adoption of the
provisions of SFAS 131 is not expected to have a material impact on the
Company.

In June of 1996 the FASB issued an exposure draft of a proposed statement,
"Accounting for Derivatives and Similar Financial Instruments and for
Hedging Activities."  In August 1997 the FASB distributed a draft of the
standards section of the final statement, together with related
implementation guidance and examples to members of the Financial Instruments
Task Force and other identified parties for comment on the draft's clarity
and operationality.  Under the proposed standard, all derivatives would be
measured at fair value and recognized in the statement of financial position
as assets or liabilities.  Although the final standard has not been issued,
the FASB has expressed publicly that a final statement would be effective
for fiscal years beginning after December 15, 1998.  Because the Company has
limited use of derivative transactions at this time, management does not
expect that this standard, if adopted in its present proposed form, would
have a significant effect on the Company.

YEAR 2000

The Year 2000 poses a significant challenge for financial institutions
because of the way date fields have been historically handled.  Older
versions of software used a two digit year date field and assumed the first
two digits of the year date to be "19".  All software applications using
this dating method must be replaced or modified to avoid computer systems
reverting to the year date of 1900 in the year 2000.

The Board of Directors early in 1997 assigned Year 2000 Project
implementation responsibility to the Electronic Data Processing (EDP)
Steering Committee.  The EDP Steering Committee is comprised of the
following members:  President, Executive Vice President, Vice President and
Cashier, Vice President-Systems, Vice President-Data Processing, and
Assistant Vice President-Systems.  The committee meets at least quarterly
with the meetings being reviewed by the Board Audit Committee and progress
reports made to the full Board.  The CPA firm of Tourville, Simpson, &
Henderson has been engaged to assist in Year 2000 Plan development,
implementation, and examination.

All systems used by the bank have been identified and prioritized with a
time line established for projected dates of upgrades, replacement,
certification, and testing. Testing of all systems to ensure Year 2000
compliance is expected to be completed by December 31, 1998.  Anticipated
Year 2000 costs are projected to be approximately $200,000.


















                                          20
<PAGE>
                           EXHIBITS AND REPORTS ON FORM 8-K

See Exhibit Index appearing below.

(b)  Reports on Form 8-K - No reports on Form 8-K were filed during the quarter
     covered by this report.


                                   EXHIBIT INDEX

Exhibit
Number

27     Financial Data Schedule - Article 9 Financial Data Schedule for
       10-Q for electronic filers (pages 23 and 24).


All other exhibits, the filing of which are required with this Form, are not
applicable.















































                                           21
<PAGE>
CNB Corporation




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 thereunto duly authorized.




                                    CNB Corporation
                                     (Registrant)




                                    Paul R. Dusenbury
                                    _________________________________________
                                    Paul R. Dusenbury
                                    Treasurer
                                    (Chief Financial and Accounting Officer)



Date:  May 13, 1998



































                                   22
<PAGE>