Department of Banking and Finance bulletin, Dec. 31, 1999

GJA
B10 0
. PI
Bg
1'1'11/12

algl# l!WJ8d
'Vf) 'eluewv'
OIVd 3f)'V.LSOd 's'n
3.L'v'H >nna

9999- ~ VO e!6J08f) 'eluenv
aOl al!ns 'peo~ aU!MApUeJa oaal
aoueu!.~ pue 6u!)fues 10 lU8uluedaa
STATE OF GEORGIA
DEPARnm OF B.tNK.ING AND FINANCE

BULLETIN... B U L L E T I N... B U L L E T I N... BULLETIN.. B U L L E T I N... B U L L E T I N... BULLETIN.. B U L L E T l N... B U L L E T I N...

ROY E. BARNES GOVERNOR

STEVEN D. BRIDGES COMMISSIONER

DECEMBER 31, 1999

The following is a summary of official action taken on applications by State Financial Institutions under Chapter 7-1 of the Code of Georgia and petitions for Certificate of Incorporation of Financial Institutions and other matters of interest during the month of December, 1999.

Internet Address: http://www.state.ga.us/dbfl

STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE
Internet Address: http://www.state.ga.us/dbf/

Phone: (770) 986-1633

Fax: (770) 986-1655

BULLETIN... BULLETIN... BULLETIN... BULLETIN... BULLETIN... BULLETIN...

ROY BARNES GOVERNOR

STEVEN D. BRIDGES COMMISSIONER

December 31, 1999

The following is a summary of official action taken on applications by State Financial Institutions under Chapter 7-1 of the Code of Georgia and petitions for Certificate of Incorporation of Financial Institutions and other matters of interest during the month of December, 1999.

In this Issue:

Suspicious Activity Reporting (FIL 115-99) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Page 5

Department's Newly Revised Intemet Site

Page 5

Semi-Annual Mortgage $6.50 Fees .................................................... Page 5

Notice to Bank Holding Companies .................................................... Page 6

2000 Holidays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Page 7

_. ,...... .c .. ,..... :.;.

- _ _.--..

. ,'.

-

_--..---.~

FINANCIAL INSTITUTION
Integrity Bank 11130 State Bridge Road Alpharetta, GA 30022 Fulton County
Georgia Banking Company 6520 Powers Ferry Road Suite 110 Atlanta, GA 30339 Fulton County
Centura Card Bank 157 Technology Parkway Suite 900B Norcross, GA 30092 Gwinnett County

APPLICA TIONS FOR NEW FINANCIAL INSTITUTION

CAPITALiZATION

APPROVAL DATE

$ 10,000.000

Pending

$ 5,000,000

Pending

$ 5,004,000

Pending

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION
Bank of North Georgia Alpharetta
Bank of North Georgia Alpharetta
The First Bank of Brunswick Brunswick
Habersham Bank Clarkesville
Community Trust Bank Hiram
Home Town Bank of Villa Rica Villa Rica

BRANCH OFFICE

APPROVAL DATE

Buford Branch Office Corner of Hwy 20 and Commerce Dr. Buford 30518 Gwinnett County

12/07/1999

Cumming Branch Office

12/07/1999

Corner of Highway 20 and Sanders Rd

Cumming 30130

Forsyth County

North Glyn Office 5340 New Jesup Highway Brunswick 31520 Glynn County

Pending

Warrenton Branch Office 217 East Main Street Warrenton 30828 Warren County

12/0811999

Arbor Place Branch Office Arbor Place Mall Douglas Boulevard Douglasville 30135 Douglas County

12/01/1999

Paulding County Branch 5875 Wendy Bagwell Parkway Hiram 30141 Paulding County

07/13/1999

BEGIN BUSINESS
DATE
BEGIN BUSINESS
DATE
12/17/1999

-2-

APPLICA TlONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTfTUTfON

NEW FORMATIONS BANK HOLDING COMPANY

TO ACQUIRE

APPROVAL DATE

Chestatee Bancshares, Inc. Dawsonville, GA

Chestatee State Bank Dawsonville, GA

Pending

South Group Bancshares, Inc. Glennville, GA

South Georgia Bank, FSB Glennville, GA

12/17/1999

Gwinnett Commercial Group, Inc. Lawrenceville, GA

First Bank of Gwinnett Lawrenceville, GA

Pending

Reeds Jewelers, Inc. Wilmington, NC

First Retail Bank, N.A. Flowery Branch, GA

Pending

ACQUISITIONS ONLY

BANK HOLDING COMPANY

TO ACQUIRE

Community National Bancorporation First National Bank

Ashburn, GA

Tarpon Springs, FL

First Commerce Bancorp, Inc. Commerce, GA

Rrst Commerce Bank, N.A. Commerce, GA

Century South Banks, Inc. Dahlonega, GA

Haywood Savings Bank, Inc. SSB Waynesville, NC

Century South Banks, Inc. Dahlonega, GA

Lanier National Bank Gainesville, GA

Wachovia Corporation Winston-Salem, NC

Bank of Canton Canton, GA

APPROVAL DATE
Pending
Pending
12/17/1999
Pending
12/17/1999

FINANCIAL INSTITUTION MERGERS

FINANCIAL INSTITUTION (SURVIVOR)

MERGED INSTITUTION

APPROVAL DATE

AmTrade International Bank of Georgia Atlanta

AmTrade International Bank of Florida
Miami, FL

08130/1999

FINANCIAL INSTITUTION (SURVIVOR)

MERGED INSTITUTION

APPROVAL DATE

First Flag Bank laGrange

The Citizens Bank Hogansville

Pending

Robins Federal Credit Union Warner Robins

White Gold Credit Union Gordon

11/04/1999

EFFECTIVE DATE
12/23/1999
EFFECTIVE DATE
11/30/1999

-3-

PREVIOUS NAME
H M B Employees Credit Union Alpharetta

NOTICE OF CHANGE IN NAME

NEW NAME

APPROVAL DATE

Mission Partners Employees Credit Union

1210211999

EFFECTIVE DATE
12105/1999

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION: CHANGE LOCATION OF

Georgia Guard Credit Union Atlanta

Main Office From: 1731 Commerce Drive
Atlanta 30318 Fulton County To: 750 Baconsfield Drive Macon 31211 Bibb County

Rich's Employees Credit Union Atlanta
Federated Sabre Division From: 6801 Governors Lake Pkwy, NW
Norcross Gwinnett County To: 5985 State Bridge Road Duluth 30097 Gwinnett County

APPROVAL DATE
12110/1999
12107/1999

EFFECTIVE DATE
12107/1999

CHECK CASHER LICENSES ISSUED

APPLICANT NAME

TRADE NAME

College Park Marietta Snellville

Irron Corporation Alvarez, Inc.
La Guera, Inc.

=* Exempt (O.C.G.A. 7-1-709)

San Luis Carniceria La Guera

APPROVAL OF ELECTRONIC DATA PROCESSING SERVICER

FINANCIAL INSTITUTION Appalachian Information Management, Inc.

APPROVAL DATE
12131/1999

-4-

SUSPICIOUS ACTIVITY REPORTING
On December 30. 1999, the FDIC issued FIL-115-99 regarding suspicious activity reporting software. The Financial Crimes Enforcement Network (FinCEN) recently informed FDIC that older versions of software used to report suspicious activity are not Y2K-compliant.
Banks using early versions of the software (versions 1 or 2) should visit FinCEN's Web site at (www.treas.gov/fincenl) under "What's New" to download version 3.0 for use in filing Suspicious Activity Reports (SARs) after December 31, 1999. SARs filed using versions 1 or 2 will not be accepted after that date. Y2K-compliant SAR forms also are available on FinCEN's Web site under the category "BSA Forms." These are modifications of current forms and software, not the new forms and software that will be released early in 2000. If you have any questions, please contact FinCEN at (703) 905-3744.
DEPARTMENT'S NEWLY REVISED WEBSITE
The Department's website has recently been revised and has a brand new look. Please visit our website at: www.state.qa.usldbf for the latest updates to the Department's Applications Manual, Statement of Policies, and other forms or applications that were recently revised.
Various forms and applications related to financial institutions and mortgage brokers, lenders, and registrants are available at our website. For example, the following banking-related forms are available:
Application for a New Branch Office Relocation Application Interagency Bank Merger Application Interagency Change-in-Control Application Request for Approval of a Dividend Financial Report for Existing Bank Director or Executive Officer Financial Report for New Bank Director or Executive Officer Changes in Sr. Officer or Director
This is not an exhaustive list of forms and applications available. For a complete list of applications available for viewing, printing, or downloading, please visit our website and click on Forms and Applications.
SEMI-ANNUAL MORTGAGE $6.50 FEES
80-5-1-.04 Levy, Collection and Remittance of Georgia Residential Mortgage Act Per Loan Fee.
(a) Each borrower who obtains a mortgage loan as defined in Article 13 shall pay to the Department a per loan fee of $6.50. Any person who closes mortgage loans that are subject to regulation under Article 13, regardless of whether said person is required to be licensed or registered under Article 13, shall act as collecting agent for payment to the Department of said per loan fee for each mortgage loan closed by that person on and after January 1, 1994. A mortgage loan shall be deemed to have been closed by a person if such person is indicated as the secured party on the security deed or any other loan document that establishes a lien on the residential real estate taken as collateral for the mortgage loan.
(b) The fees payable under the provisions of subsection (a) shall be payable to the Department by the collecting agent, who is the person responsible for remittance of such fees on a semiannual basis. More specifically, such fees for the period January 1 through June 30 of each year shall be remitted to the Department no later than the first business day of September of each year and such fees for the period July 1 through December 31 of each year shall be remitted to the Department no later than the first business day of March of each year. The first remittance of such fees shall be made to the Department no later than September 1, 1994 for the period January 1, 1994 through June 30, 1994. A fee statement indicating the number of mortgage loans closed during the applicable reporting period by the person remitting the payment should be enclosed with the payment. Such fee statement shall be in a format substantially similar to the following:
-5-
:~.',","""'"

GEORGIA RESIDENTIAL MORTGAGE ACT FEE STATEMENT SEMIANNUAL STATEMENT OF PER LOAN FEES

1. Name of Remitter:

_

2. Fee Statement for Period:

through

_

3. Mortgage Lender or Broker License Number (if applicable):

_

4. Mortgage Lender or Broker Registration Number (if applicable):

_

5. Number of Mortgage Loans (covered by Article 13) Closed During Reporting Period:

_

6. Total Dollar Amount Enclosed: $.

_

80-11-3-.01 Administrative Fines.

U) Any person who acts as the collecting agent at a closing of a mortgage loan transaction sUbject to Article 13 of Title 7, the Georgia Residential Mortgage Act, is liable for payment of the $6.50 fee to the Department, pursuant to Code Section 7-1-
1011 and Rule 80-5-1-.04. Any remittance of the $6.50 fees that is received more than 60 calendar days after it is due shall subject the person to a fine of $1,000 for each due date missed.

NOTICE TO BANK HOLDING COMPANIES
RE: All Bank Holding Companies - Submission of FR Y-9C's, FR Y-9SP's, FR Y-9LP's, and FR Y-6's to the Georgia Department of Banking and Finance
We are pleased to inform you that your holding company will no longer be required to submit the above referenced holding company financial reports to this Department. Due to technological improvements, we can obtain this information from other sources.
Rule 80-6-1-1-.05 of the Department of Banking and Finance's Rules and Regulations has been amended to do away with the requirement that these reports be submitted to this Department.
If you have any questions about this notice, please do not hesitate to contact Director for Supervision Grace M. Lurry at (770) 986-1646.

-6-

2000 HOLIDAY SCHEDULE
It is anticipated that the following schedule will be observed for 2000. Financial Institutions may observe both the official observance day as well as aiternative observances indicated. In addition to these designated dates, financial institutions may close on Sunday and one discretionary day each week. If the discretionary day observed is changed permanently or temporarily, customer notice must be posted at least 30 days in advance.

New Year's Day 2000 (Will be observed)
Martin Luther King, Jr.'s Birthday Robert E. Lee's Birthday
(Will be observed) Washington's Birthday
(Will be observed) Confederate Memorial Day
(Will be observed) National Memorial Day Independence Day Labor Day Columbus Day Veteran's Day
(Will be observed) Thanksgiving Day
(Lee's Birthday will be observed) Christmas Day
(Washington's Birthday will be observed) New Year's Day 2001

Saturday, January 1 Friday, December 31, 1999 Monday, January 17 Wednesday, January 19 Friday, November 24 Tuesday, February 15 Tuesday, December 26 Wednesday, April 26 Monday, April 24 Monday, May 29 Tuesday, July 4 Monday, September 4 Monday, October 9 Saturday, November 11 Friday, November 10 Thursday, November 23 Friday, November 24 Monday, December 25 Tuesday, December 26 Monday, January 1, 2001

-l-
-_ ....