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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-A

               FOR REGISTRATION OF CERTAIN CLASSES OF SECURITIES
                    PURSUANT TO SECTION 12(b) OR (g) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                              ____________________

                          SOUTH STREET FINANCIAL CORP.
             (Exact name of registrant as specified in its charter)

 
             North Carolina                                 56-1973261
(State of incorporation or organization)    (I.R.S. Employer Identification No.)




         155 West South Street                                28001
       Albemarle, North Carolina                            (Zip Code)
(Address of principal executive offices)



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If this Form relates to the registration of a class of debt securities and is
effective upon filing pursuant to General Instruction A.(c)(1), please check the
following box.    [_]

If this Form relates to the registration of a class of debt securities and is to
become effective simultaneously with the effectiveness of a concurrent
registration statement under the Securities Act of 1933 pursuant to General
Instruction A.(c)(2), please check the following box.  [_]


       Securities to be registered pursuant to Section 12(b) of the Act:

Title of each class                      Name of each exchange on which
to be so registered                      each class is to be registered

None                                     None


       Securities to be registered pursuant to Section 12(g) of the Act:

                           Common Stock, no par value
                                (Title of Class)


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ITEM 1.   DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED

     Registrant hereby incorporates by reference the sections entitled
"DESCRIPTION OF CAPITAL STOCK --The Holding Company" and "ANTI-TAKEOVER
PROVISIONS AFFECTING THE HOLDING COMPANY AND HOME -- The Holding Company" in the
Prospectus included in the Registrant's Registration Statement on Form S-1
(Registration Number 33-04509) which was filed with the Commission on May 24,
1996 and as amended on July 26, 1996 (the "Registration Statement on Form S-1").
Any statement contained in the above-referenced sections of the Registration
Statement on Form S-1 which is incorporated herein by reference shall be deemed
to be modified or superseded for purposes of this Registration Statement on Form
8-A to the extent that such statement is modified or superseded by any document
subsequently filed with the Commission.


ITEM 2.   EXHIBITS

Exhibit Number    Description
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       I.1.       Copies of the form certificate for each security to be
                  registered hereunder.

       I.2.       Registrant hereby incorporates by reference the Articles of
                  Incorporation and Bylaws of South Street Financial Corp. which
                  are included as Exhibits 3(a) and 3(b) in the Registration
                  Statement on Form S-1. Any item included as Exhibit 3(a) or
                  3(b) to the Registration Statement on Form S-1 which is
                  incorporated herein by reference shall be deemed to be
                  modified or superseded for purposes of this Registration
                  Statement on Form 8-A to the extent that such item is modified
                  or superseded by any document subsequently filed with the
                  Commission.

      II.1.       Not applicable.

      II.2.       Not applicable.

      II.3.       Not applicable.

      II.4.       Not applicable.

      II.5.       Not applicable.

      II.6.       Not applicable.

 
     Pursuant to the requirements of Section 12 of the Securities Exchange Act
of 1934, the Registrant has duly caused this Registration Statement on Form 8-A
to be signed on its behalf by the undersigned, thereto duly authorized.


                                             SOUTH STREET FINANCIAL CORP.


Date: July 24, 1996                      By: /s/ Carl M. Hill
                                             --------------------------------
                                             Carl M. Hill, President

 
                               INDEX TO EXHIBITS

                                        
Exhibit Number    Description
- --------------    -----------

     1.1          Copies of the form certificate for each security to be
                  registered