Department of Banking and Finance bulletin, Nov. 30, 2000

. . . .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.
Back to Top