. . . .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