Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Peak Donald Wayne
2. Date of Event Requiring Statement (Month/Day/Year)
04/29/2004
3. Issuer Name and Ticker or Trading Symbol
VISION BANCSHARES INC [VBAL.OB]
(Last)
(First)
(Middle)
2215 32ND STREET
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
04/30/2004
(Street)

NORTHPORT, AL 35476
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock (1) (2) 5,425 (3)
I
By Gulf Shores Investment Group, LLC (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Peak Donald Wayne
2215 32ND STREET
NORTHPORT, AL 35476
  X      

Signatures

Donald W. Peak by William E. Blackmon, POA 02/15/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The securities reported in this amended Form 3 were omitted in error from the reporting person's original Form 3, filed on April 30, 2004. On February 2, 2005, a Form 3/a reporting these securities was erroneously filed on behalf of the reporting person and several other directors of Vision Bancshares, Inc. as a joint/group filing. To correct this error, this amended Form 3 is being filed on behalf of the reporting person individually to report his indirect ownership interest in these securities.
(2) In addition, on May 13, 2004, a Form 3/A was filed by the reporting person to report 10,000 shares of common stock held by Forrest Manor, Inc., a corporation in which the reporting person holds a 70% ownership interest, that had incorrectly been omitted from the reporting person's original Form 3. In that Form 3/A, the date of event requiring statement in Box 2 was erroneously stated on May 13, 2004. This amended Form 3 correctly states the date of event requiring statement in Box 2 as April 29, 2004.
(3) The reported securities are held by Gulf Shores Investment Group, LLC, a limited liability company of which the reporting person is a member. The reporting person disclaims beneficial ownership of the Vision Bancshares, Inc. common stock held by Gulf Shores Investment Group, LLC except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities so disclaimed for purposes of Section 16 or for any other purpose.

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