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): June 3, 1996
                           

                           FFVA FINANCIAL CORPORATION
            (exact name of registrant as specified in its charter)

       Virginia                  0-24468                 74-2712490
(state or other jurisdiction (SEC File No.) (IRS Employer Identification Number)
    of incorporation)       

925 Main Street, Lynchburg, Virginia                                  24504
(address of principal executive offices)                            (Zip Code)

Registrant's telephone number, including area code: (804) 845-2371

                            Not Applicable
         (Former name or former address, if changed since last Report)






                          FFVA FINANCIAL CORPORATION

                     INFORMATION TO BE INCLUDED IN REPORT

Item 5.  Other Events

     The registrant  announced that it had received the necessary approvals from
the Office of Thrift  Supervision  ("OTS") to  implement a 10% stock  repurchase
program. The registrant intends to repurchase such shares of its Common Stock in
open market transactions from time to time depending upon stock availability.

      For  further  details,  reference  is  made  to the  Press  Release  dated
June 3, 1996, which is attached hereto as Exhibit 99 and  incorporated  herein
by this reference.

Item 7.  Financial Statements, Pro Forma Financial Information
         and Exhibits

Exhibit 99 -- Press Release dated June 3, 1996.





                                  SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                    FFVA FINANCIAL CORPORATION


Date: June 6, 1996                  By: /s/ Ronald W. Neblett
                                        Ronald W. Neblett
                                        Chief Financial Officer