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

. . . .BULLETIN. . . .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/
September 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 September 2000.
IN THIS ISSUE: Reminder about $6.50 per loan fees 2001 Holiday Schedule
APPLICATIONS FOR NEW FINANCIAL INSTITUTION
FINANCIAL INSTITUTION:

Capitalization: Approval Date: Begin Business Date:

Southern Horizon Bank 1554 Southlake Parkway Morrow GA 30260 Clayton County $ 7,500,000 Pending

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION NAME:

SunTrust Bank

Atlanta GA

BRANCH NAME:

Old Keene Mill Safeway Branch Office

9596 Old Keene Mill Road

Burke VA 22015

Fairfax County

Approval Date:

09-26-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

SunTrust Bank

Atlanta GA

BRANCH NAME:

Cloverly Safeway Branch Office

15411 New Hampshire Avenue

Cloverly MD 20904

Montgomery County

Approval Date:

09-21-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

SunTrust Bank

Atlanta GA

BRANCH NAME:

Walker Springs In-Store Branch Office

8445 Wal Brook Drive

Knoxville TN 37924

Knox County

Approval Date:

09-11-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME: SunTrust Bank Atlanta GA
BRANCH NAME: King Farm Safeway Branch Office 403 Redland Boulevard

Approval Date: Begin Business Date:

Rockville MD 20850 Montgomery County 09-26-2000

FINANCIAL INSTITUTION NAME:

SunTrust Bank

Atlanta GA

BRANCH NAME:

Severna Park Safeway Branch Office

540 Benfield Road

Severna Park MD 21146

Anne Arundel County

Approval Date:

07-12-2000

Begin Business Date: 08-16-2000

FINANCIAL INSTITUTION NAME:

SunTrust Bank

Atlanta GA

BRANCH NAME:

Briggs Chaney Safeway Branch Office

13514 Outlet Drive

Silver Spring MD 20904

Montgomery County

Approval Date:

09-21-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

SunTrust Bank

Atlanta GA

BRANCH NAME:

Sterling Plaza Safeway Branch Office

22350 Sterling Boulevard

Sterling VA 20164

Loudoun County

Approval Date:

09-26-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

United Community Bank

Blairsville GA

BRANCH NAME:

Thompson Bridge Road Branch

5516 Thompson Bridge Road

Murrayville GA 30564

Hall County

Approval Date:

09-04-1998

Begin Business Date: 09-07-1999

FINANCIAL INSTITUTION NAME: Community Bank & Trust - Habersham Cornelia GA

BRANCH NAME:
Approval Date: Begin Business Date:

Ingles Toccoa Banking Center Branch Office 757 Big A Road, U. S. Highway 17 Toccoa GA 30577 Stephens County 03-27-2000 09-23-2000

FINANCIAL INSTITUTION NAME:

First Nation Bank

Covington GA

BRANCH NAME:

Salem Road Station Branch Office

13015 Brown Bridge Road

Covington GA 30016

Newton County

Approval Date:

09-18-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

The Peachtree Bank

Duluth GA

BRANCH NAME:

Sugar Hill Branch Office

1400 Buford Highway, Suite E-4

Sugar Hill GA 30518

Gwinnett County

Approval Date:

09-11-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

Bank of Ellaville

Ellaville GA

BRANCH NAME:

Butler Branch Office (Central Bank trade name)

108 South Broad Street

Butler GA 31006

Taylor County

Approval Date:

09-20-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

The Park Avenue Bank

Valdosta GA

BRANCH NAME:

Henry County Branch Office

S. Cedar Street near intersection

of Racetrack Road

McDonough GA 30253

Henry County

Approval Date:

09-05-2000

Begin Business Date:

FINANCIAL INSTITUTION NAME:

Home Town Bank of Villa Rica

Villa Rica GA

BRANCH NAME:

Bankhead Hwy Branch Office

435 West Bankhead Highway

Villa Rica GA 30180-0399

Carroll County

Approval Date:

Pending

Begin Business Date:

NOTICE OF CHANGE IN NAME

PREVIOUS NAME:
NEW NAME: Approval Date: Effective Date:

Community Bank & Trust - Habersham Cornelia GA
Community Bank & Trust 09-19-2000

PREVIOUS NAME:
NEW NAME: Approval Date: Effective Date:

The Bank of Fitzgerald Fitzgerald GA
Colony Bank of Fitzgerald Pending

FINANCIAL INSTITUTION MERGERS

FINANCIAL INSTITUTION SURVIVOR:

Community Bank & Trust - Habersham

Cornelia GA

MERGED INSTITUTION:

Community Bank & Trust - Jackson

Commerce GA

Approval Date:

09-19-2000

Begin Business Date:

FINANCIAL INSTITUTION SURVIVOR: First Flag Bank LaGrange GA
MERGED INSTITUTION: Thomaston Federal Savings Bank Thomaston GA

Approval Date:

09-19-2000

Begin Business Date:

APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION

ACQUISITIONS

BANK HOLDING COMPANY: TO ACQUIRE: Approval Date:

n-Bank.Corp, Inc. (f/k/a First Commerce Bancorp, Inc.) Commerce GA
First Commerce Bank, N.A. Commerce GA Approval Rescinded 09-28-2000

CHECK CASHER LICENSES ISSUED

CITY: APPLICANT NAME: TRADE NAME:

Douglasville GA HJH Associates, Inc. Douglasville Package Store

CITY: APPLICANT NAME: TRADE NAME:

Atlanta GA Kim, Ok Sun Park Pointe Community Grocery

CITY: APPLICANT NAME: TRADE NAME:

Swainsboro GA Mason's North Main B P, Inc. Mason's Nor Main B P

CITY: APPLICANT NAME: TRADE NAME:

Doraville GA S&G Worldwide, Inc. Doraville Package Store

APPLICATIONS FOR RESERVATION OF A NAME

PROPOSED NAME: APPLICANT:

C & S Bank Chatham County
Mr. Byron Richardson Bank Resources, Inc. 4290 Bells Ferry Rd, Ste 106-36 Kennesaw, GA 30144

PROPOSED NAME: APPLICANT:
PROPOSED NAME: APPLICANT:
PROPOSED NAME: APPLICANT:
PROPOSED NAME: APPLICANT:
PROPOSED NAME: APPLICANT:
PROPOSED NAME:

Citizens & Southern Bank Chatham County
Mr. Byron Richardson Bank Resources, Inc. 4920 Bells Ferry Rd., Ste 106-36 Kennesaw, GA 30144
Colony Bank Ashburn Turner County
Mr. Ben B. Mills, II Attorney at Law Mills & Chasteen, PC P.O. Box 408 Fitzgerald, GA 31750
Colony Bank of Fitzgerald Ben Hill County
Mr. Ben B. Mills, Jr. Attorney at Law Mills & Chasteen, P.C. P.O. Box 408 Fitzgerald, GA 31750
Community Bank & Trust Habersham County
Mr. Robert M. Moler, EVP Financial Solutions 2965 Flowers Road South Suite 112 Atlanta, GA 30341
Sweetwater Bank & Trust Cobb County
Mr. Byron Richardson Bank Resources, Inc. 4290 Bells Ferry Rd., Ste 106-36 Kennesaw, GA 30144
White Gold Credit Union Twiggs County

APPLICANT:

Ms. Chery M. Wilson Manager Dry Branch Credit Union Rte. 1 Box 468D Dry Branch, GA 31020

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION:

SunTrust Bank

Atlanta GA

CHANGE LOCATION OF:

Northlake Branch Office

From:

4030 LaVista Road

Tucker GA

DeKalb County

To:

4089 LaVista Road

Tucker GA 30084

DeKalb County

Approval Date:

07-31-2000

Effective Date:

09-11-2000

FINANCIAL INSTITUTION:

Georgia Bank & Trust

Calhoun GA

CHANGE LOCATION OF:

Fairmount Branch Office

From:

134 North Avenue

Fairmount GA 30139

Gordon County

To:

Highway 411 South

Fairmount GA 30701

Gordon County

Approval Date:

10-27-1999

Effective Date:

02-24-2000

FINANCIAL INSTITUTION:

Home Town Bank of Villa Rica

Villa Rica GA

CHANGE LOCATION OF:

Main Office

From:

435 West Bankhead Highway

Villa Rica GA 30180

Carroll County

To:

Hwy 61 at S. Van Wert Road

Villa Rica GA 30180

Carroll County

Approval Date:

Pending

Effective Date:

REMINDER
The $6.50 per loan fees required by O.C.G.A. Section 7-1-1011(b)(2) and Department Rule due September 1, 2000, for loans secured by residential property closed during the period Ja through June 30, 2000. Department Rule 80-11-3-.01(1)(j) imposes a fine of $1,000 for fai the required $6.50 per loan fee prior to November 1, 2000. You may utilize the form below or the reporting form which is available on the Department's http:/www.state.ga.us/dbf/650feest.htm1.
Please review your files and remit the required $6.50 per loan fees as soon as possible.

GEORGIA RESIDENTIAL MORTGAGE ACT FEE STATEMENT SEMIANNUAL STATEMENT OF PER LOAN FEES
1. Name of Remitter ________________________________________________ 2. Fee Statement for ___________________ through ___________________ 3. License/Registration Number ______________________________________ 4. Number of mortgage loans closed during reporting period. __________ 5. Total Amount Enclosed ___________________________________________
80-5-1-04 Levy, Collection and Remittance of Georgia Residential Mortgage Act Per Loan Fee. Amended. (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 wh mortgage loans that are subject to regulation under Article 13, regardless of whether said person is required to be licensed or registered und 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 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 security deed or any other loan document that establishes a lien on the residential real estate t! aken 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 r 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 b 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 Decem 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 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

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2001 HOLIDAY SCHEDULE

It is anticipated that the following schedule will be observed for 2001. Financial Institutions observe both the official observance day as well as alternative observances indicated. In add to these designated dates, financial institutions may close on Sunday and one discretionary d week. If the discretionary day observed is changed permanently or temporarily, customer n be posted at least 30 days in advance.

2000
Columbus Day Veteran's Day
(Will be observed) !
Thanksgiving Day (Lee's Birthday will be observed)
Christmas Day (Washington's Birthday will be observed)

Monday, October 9 Saturday, November 11 Friday, November 10 Thursday, November 23 Friday, November 24 Monday, December 25 Tuesday, December 26

2001
New Year's Day Mart! in 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
(Alternate observance of Lee's Birthday) Christmas Day
(Alternate observance of Washington's Birthday)

Monday, January 1 Monday, January 15 Friday, January 19 Friday, November 23 Monday, February 19 Monday, December 24 Thursday, April 26 Monday, April 23 Monday, May 28 Wednesday, July 4 Monday, September 3 Monday, October 8 Sunday, November 11 Monday, November 12 Thursday, November 22 Friday, November 23 Tuesday, December 25
Monday, December 24

EMERGENCY CLOSINGS As the winter months approach, all financial institutions are reminded that current regulation management to exercise its own discretion, with notification to the Department, in closing an

for one business day (renewal for successive days) upon its determination that the safety of employees or assets would be in jeopardy due to civil disorder, fire, acts of God, or utility fai circumstances which render the institution unable to conduct business in a safe and sound m closings should be communicated to the Department by telephone, mail or fax as soon as transmission is feasible.
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