. . . .BULLETIN. . . .BULLETIN. . . .BULLETIN. . . .BULLETIN. . . .
STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE
STEVEN D. BRIDGES, COMMISSIONER
Phone: (770) 986-1633
Fax: (770) 986-1655
Internet Address: http://www.state.ga.us/dbf/
November 30, 2000
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 November 2000.
IN THIS ISSUE: $6.50 Mortgage Fees, Procedural Changes
APPLICATIONS FOR NEW FINANCIAL INSTITUTION
FINANCIAL INSTITUTION Integrity Bank 11140 State Bridge Road Alpharetta, GA 30022 Fulton County
CAPITALIZATION APPROVAL DATE
$ 10,000,000
04-12-2000
BEGIN BUSINESS DATE
11-01-2000
Sweetwater Bank & Trust NW Corner of Florence Road & HWY 278 Powder Springs, GA 30127 Cobb County
$ 7,500,000
Pending
Guardian Bank 701 Wildwood Plantation Drive Valdosta, GA 31602 Lowndes County
$ 4,500,000
Pending
FINANCIAL INSTITUTION CONVERSIONS
PREVIOUS NAME Baxley Federal Savings Bank Baxley Appling County
CONVERTED TO Baxley Federal Bank
APPROVAL DATE 08-31-2000
EFFECTIVE DATE 11-10-2000
APPLICATIONS TO ESTABLISH A BRANCH OFFICE
FINANCIAL INSTITUTION Security Bank and Trust Company of Albany
Albany
BRANCH OFFICE Super Wal-Mart Branch Office 2825 Ledo Road Albany, GA 31705 Lee County
APPROVAL DATE
11-14-2000
BEGIN BUSINESS
DATE
Bank of North Georgia Alpharetta
Buford Branch Office Corner of Hwy 20 and Commerce Drive Buford, GA 30518 Gwinnett County
12-07-1999
08-04-2000
Bank of North Georgia Alpharetta
Citizens Bank of Americus Americus
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
Cumming Branch Office Corner of Highway 20 and Sanders Rd Cumming, GA 30130 Forsyth County
Leslie Branch Office Highway 280 East Leslie, GA 31764 Sumter County
Hickory Flat Village In-Store Branch Office 6175 Hickory Flat Highway, Suite 140 Canton GA 30115 Cherokee County
12-07-1999 08-18-2000 01-03-2000 03-17-2000 10-16-2000 11-09-2000
Owings Mills Safeway Branch Office Owings Mill Blvd. & Reisterstown Road Owings Mill, MD 21117 Baltimore County
7-12-2000
11-08-2000
Briggs Chaney Safeway Branch Office 13514 Outlet Drive Silver Springs, MD 20904 Montgomery County
09-21-2000 11-29-2000
Wheeler/Walton Branch Office 3520 Walton Way Ext. Augusta, GA 30909 Richmond County
11-22-2000
Canton Safeway Branch Office 2610 Boston Street Baltimore, MD 21224
11-27-2000
Sumner Place Safeway Branch Office 4701 Sangamore Road Bethesda, MD 20816 Montgomery County
11-22-2000
SunTrust Bank Atlanta
Turkey Creek In-Store Branch Office 10900 Parkside Drive Knoxville, TN 37923 Knox County
SunTrust Bank Atlanta
Perry Hall Safeway Branch Office 9645 Belair Road Perry Hall, MD 21128 Baltimore County
SunTrust Bank Atlanta
Monticello Marketplace Branch Office Monticello Avenue at Powhatan Pkwy Williamsburg, VA 23188 James City County
SunTrust Bank Atlanta
Pleasant Valley Branch Office 22500 Pleasant Valley Road Winchester, VA 22601
Georgia Bank & Trust Company of Augusta Augusta
Fury's Ferry Branch Office 409 Fury's Ferry Road Martinez, GA 30907 Columbia County
United Community Bank Blairsville
Brackett's Way Branch Office 400 Brackett's Way Blairsville, GA 30512 Union County
Bank of Camilla Camilla
Pelham Branch Office 127 West Railroad St Pelham, GA 31779 Mitchell County
Century Bank of Bartow County Cartersville
Ingles West Avenue Branch Office 825 West Avenue Cartersville, GA 30120 Bartow County
11-22-2000 11-13-2000 11-28-2000 11-22-2000 11-03-2000 11-06-2000 11-21-2000 11-27-2000
The Heritage Bank Hinesville
Community Bank and Trust - Troup LaGrange
The Brand Banking Company Lawrenceville
Bank of Lenox Lenox
Park Avenue Bank McDonough
Gateway Bank & Trust Ringgold
1st Floyd Bank Rome
Guardian Bank Valdosta
Hunter Army Airfield Branch Office 6020 Haley Avenue Hunter Army Airfield Savannah, GA 31409 Chatham County
Winn Dixie #439 Branch Office 6499 Veterans Parkway Columbus, GA 31902 Muscogee County
Flowery Branch Branch Office 5319 Atlanta Highway Flowery Branch, GA 30542 Hall County
Moultrie Branch Office 2424 Tallokas Road Moultrie, GA 31768 Colquitt County
Henry County Branch Office 1400 South Cedar Street McDonough, GA 30253 Henry County
Fort Oglethorpe Branch Office Battlefield Parkway 220 feet west of Van Cleave Street Ft. Oglethorpe, GA 30742 Catoosa County
Martha Berry Branch Office 2760 Martha Berry Rome, GA 30165-7751 Floyd County
North Ashley Branch Office 1906 North Ashley Street Valdosta, GA 31602 Lowndes County
08-21-2000 11-20-2000 06-26-2000 11-06-2000 11-02-2000 03-29-2000 11-30-2000 09-05-2000 11-27-2000 10-01-1999 11-16-2000 11-06-2000
Pending
Citizens Bank Vienna
Citizens Bank Vienna
Citizens Bank Vienna
Citizens Bank Vienna
Citizens Bank Vienna
Citizens Bank Vienna
Waycross Bank & Trust Waycross
Buena Vista Branch Office 302 West Side Broad Buena Vista, GA 31803 Marion County
Cusseta Branch Office One Courthouse Square Cusseta, GA 31805 Chattahoochee County
Montezuma Branch Office 115 North Dooley Street Montezuma, GA 31063 Macon County
Oglethorpe Branch Office 201 Macon Street Oglethorpe, GA 31068 Macon County
Stockbridge Branch Office 235 Corporate Center Drive Stockbridge, GA 30281 Henry County
Suwanee Branch Office 3855-B John's Creek Parkway Suwanee, GA 30024 Forsyth County
Northwood Park Office 701 Wildwood Plantation Drive Valdosta, GA 31602 Lowndes County
Pending Pending Pending Pending 11-14-2000 11-29-2000 05-17-1999 11-21-2000
APPLICATIONS TO CHANGE LOCATION
FINANCIAL INSTITUTION Ashburn Bank Ashburn
CHANGE LOCATION OF Lee County Branch From: 1553 U.S. Highway 19 South Leesburg 31763 Lee County To: 2609 Ledo Road Leesburg 31763 Lee County
APPROVAL DATE
11-21-2000
EFFECTIVE DATE
Citizens Bank and Trust of West Georgia Carrollton
Villa Rica Branch Office
From: Tri-County Plaza Shopping Center Villa Rica 30180 Carroll County
To: 588 Highway 61 Villa Rica 30180 Carroll County
08-31-2000
09-18-2000
Bartow County Bank Cartersville
Winn Dixie Supermarket Office From: 929 Joe Frank Harris Parkway
Cartersville 30120 Bartow County To: 922 Joe Frank Harris Parkway Cartersville 30120 Bartow County
10-21-1999
11-20-2000
PREVIOUS NAME Ashburn Bank Ashburn
NOTICE OF CHANGE IN NAME
NEW NAME Colony Bank Ashburn
APPROVAL DATE 11-14-2000
Community Bank & Trust - Habersham Cornelia
Community Bank & Trust
Community Bank of Wilcox Rochelle
Colony Bank Wilcox
09-19-2000 11-02-2000
EFFECTIVE DATE 11-20-2000 11-06-2000
APPLICATIONS FOR RESERVATION OF A NAME
PROPOSED NAME Piedmont Community Bank
COUNTY Jones County
APPLICANT Mr. Robert A. Calvert, Jr. Principal & Owner Calvert Consulting Post Office Box 768711 Roswell, GA 30076
FINANCIAL INSTITUTION MERGERS
FINANCIAL INSTITUTION (SURVIVOR)
Community Bank & Trust - Habersham
Cornelia
MERGED INSTITUTION Community Bank & Trust - Jackson Commerce
Main Street Bank Covington
The Westside Bank & Trust Company Kennesaw
Main Street Bank Covington
The Eastside Bank & Trust Company Snellville
APPROVAL DATE
09-19-2000
EFFECTIVE DATE
11-20-2000
Pending
Pending
Main Street Bank Covington
Community Bank of Georgia Tucker
Pending
Main Street Bank Covington
American Heritage Credit Union Ellenwood
Walton Bank & Trust Co. Monroe
Allied Family of Companies FCU Atlanta
Pending 11-15-2000
Citizens Bank Vienna
First Flag Bank LaGrange
Pending
APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION
BANK HOLDING COMPANY
FORMATIONS Atlantic National Corporation Brunswick, GA
Georgia Gold Bancorp, Inc. Dahlonega, GA
ACQUISITIONS Bank of America Corporation Charlotte, NC
Capital City Bank Group, Inc. Tallahassee, FL
PAB Bankshares, Inc. Valdosta, GA
TO ACQUIRE
Atlantic National Bank Brunswick, GA
Lumpkin County Bank Dahlonega, GA
Bank of America Georgia, N. A. Atlanta, GA
First Bankshares of West Point, Inc. West Point, GA
Friendship Community Bank Ocala, FL
APPROVAL DATE 11-15-2000 Rescinded 11-29-2000 Pending Pending Pending
Atlanta Atlanta Acworth Conyers
CITY
CHECK CASHER LICENSES ISSUED
APPLICANT NAME * Bomi, Inc. * Immanuel Enterprise Group, Inc. * Shin, Seung H.
Yiu & Cha, Inc.
TRADE NAME B & H Bottle Shop Dino's Grocery S & H Mart Magnet Bottle Shop
*= Exempt (O.C.G.A. 7-1-709)
$6.50 Mortgage Fees, Procedural Changes
All financial institutions, lenders and brokers that close mortgage loans are responsible for collecting and remitting the $6.50 Georgia Residential Mortgage Act Fees, pursuant to Rule 80-5-1-.04 of the Department. Starting at the next collection period, the Department will be mailing remittance letters to all lenders and financial institutions in late December. These fees will continue to be due not later than March 1, 2001 for the period from July 1 to December 31, 2000.
It is important that these fees be remitted in total and not sent to the Department on a "per transaction" basis. These fees need to be aggregated and include the entire period.
These fees apply not only to any new residential mortgage but also to any modification of a residential mortgage loan that results in a new or modified security deed. A $6.50 fee would be due for any such transaction. See Department of Banking and Finance Rule 80-5-1-.04.
It is important for lenders and financial institutions that do not extend residential mortgage loans within the
definition of the Georgia Residential Mortgage Act - which includes commercial, agricultural and SBA loans collateralized by personal residential property - to confirm this fact by remitting the response form indicating that no residential mortgage loans were made and that no fees are due to the Department. Providing this confirmation will help to ensure that the Department's database is accurate and will prevent letters from being sent or action being taken based on an assumption that your financial institution has not properly reported.
If there are any questions concerning these issues, please feel free to contact either Acting Deputy Commissioner for Mortgage, Drexel Beck beck@dbf.state.ga.us at (770) 986-5036 or Deputy Commissioner for Supervision, George A. Reynolds reynolds@dbf.state.ga.us at (770) 986-1629.
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