. . . .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/
October 31, 2001
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 October 2001.
IN THIS ISSUE:
Entrust Group and Bentley Financial Services, Inc. ...................................................................... Page 8 Final Rules of the Department of Banking and Finance ................................................................ Page 8 Notice Regarding Future Publication of Rules & Regulations ....................................................... Page 8 Notice Regarding Distribution of Department's Monthly Bulletin ................................................ Page 9 Notice Regarding Distribution of Monthly Summary of Mortgage Activities................................ Page 9 2002 Holiday Schedule................................................................................................................. Page 10
APPLICATION FOR NEW FINANCIAL INSTITUTION
FINANCIAL INSTITUTION Piedmont Bank of Georgia 3423 Piedmont Road, Suite 125 Atlanta, GA 30305 Fulton County
CAPITALIZATION $ 9,700,000
APPROVAL DATE 07-20-2001
BEGIN BUSINESS DATE 10-09-2001
United Commercial Bank 5660 New Northside Drive, Suite 200 Atlanta, GA 30328 Fulton County
$ 10,000,000
Pending
Piedmont Community Bank 110 Highway 18 Connector Gray, GA 31032 Jones County
$ 6,000,000
Pending
FINANCIAL INSTITUTION CONVERSION
PREVIOUS NAME InfiBank
CONVERTED TO InfiBank, N.A. Atlanta Fulton County
APPROVAL DATE Pending
Pinnacle Bank, National Association
Pinnacle Bank Elberton Elbert County
10-19-2001
Embry National Bank
Embry Bank Lawrenceville Gwinnett County
10-19-2001
EFFECTIVE DATE
APPLICATION FOR DISSOLUTION
FINANCIAL INSTITUTION Knight State Bank
Dexter, GA 31019-1138
APPROVAL DATE 10-16-2001
EFFECTIVE DATE 10-18-2001
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APPLICATIONS TO ESTABLISH A BRANCH OFFICE
FINANCIAL INSTITUTION Citizens Trust Bank
Atlanta
BRANCH OFFICE Stonecrest Mall Branch Office 2929 Turner Hill Road, Suite 2850 Lithonia, GA 30038 DeKalb County
APPROVAL DATE 10-17-2001
BEGIN BUSINESS DATE
SunTrust Bank Atlanta
Cherrydale Safeway In-Store Branch Office 3713 Lee Highway Arlington, VA 22207 Arlington County
10-29-2001
SunTrust Bank Atlanta
Herndon Safeway In-Store Branch Office Intersection of Elden & Post Drive Herndon, VA 20170 Fairfax County
10-29-2001
SunTrust Bank Atlanta
Mount Airy Safeway In-Store Branch Office 337 E. Ridgeville Boulevard Mount Airy, MD 21771 Carroll County
Pending
SunTrust Bank Atlanta
Peachtree Battle Branch Office 2365 Peachtree Road Atlanta, GA 30305 Fulton County
10-13-1999
Withdrawn 10-05-2001
SunTrust Bank Atlanta
Purchase of 142 Florida Branch Offices From The Huntington National Bank Columbus, OH -List of branches available at www.state.ga.us/dbf/pdfdoc/suntrustapplication.pdf
Pending
SunMark Community Bank Hawkinsville
Highway 96 Branch Office 749 Highway 96 Bonaire, GA 31005 Houston County
02-13-2001
10-30-2001
United Community Bank Metro Marietta
Bridge Mill Branch Office 3781 Sixes Road Canton, GA 30114 Cherokee County
01-31-2001
10-29-2001
APPLICATIONS TO ESTABLISH A BRANCH OFFICE
FINANCIAL INSTITUTION BRANCH OFFICE The Merchants & Citizens Bank Oak Street Branch Office
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APPROVAL DATE BEGIN BUSINESS DATE
10D-2A2-T2E001
DATE
McRae
850 E. Oak Street McRae, GA 31055 Telfair County
The Merchants & Citizens Bank McRae
Mount Zion Street Branch Office Mount Zion Street Milan, GA 31060 Telfair County
Southwest Georgia Bank Moultrie
Adel Branch 720 West Fourth Street Adel, GA 31620 Cook County
Citizens & Southern Bank Savannah
Abercorn Street Branch Office 7917 Abercorn Street Savannah, GA 31406 Chatham County
Flag Bank Vienna
Eagle's Landing Branch Office 235 Corporate Center Drive Stockbridge, GA 30281 Henry County
FLAG Bank Vienna
McDonough Village Branch Office 908 Hampton Road, Suite 1 McDonough Village McDonough, GA 30281 Henry County
10-22-2001 10-16-1998 10-09-2001 11-14-2000
Pending
Withdrawn 10-09-2001
05-14-2001
FINANCIAL INSTITUTION SunTrust Bank
Atlanta
APPLICATIONS TO CHANGE LOCATION
CHANGE LOCATION OF Pine Island Branch Office From: 10290 Stringfellow Road St. James City, FL 33956 Lee County To: 10202 Stringfellow Road St. James City, FL 33956 Lee County
APPROVAL DATE EFFECTIVE DATE 10-12-2001
FINANCIAL INSTITUTION SunTrust Bank Atlanta
APPLICATIONS TO CHANGE LOCATION
CHANGE LOCATION OF Halls Branch Office From: 7212 Maynardville Highway
APPROVAL DATE EFFECTIVE DATE
10-30-2000
12-12-2000
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Knoxville, TN 32918 Knox County To: 7302 Maynardville Pike Knoxville, TN 32918 Knox County
SunTrust Bank Atlanta
Dundalk Branch Office From: 1135 Merritt Boulevard
Dundalk, MD 21222 Baltimore County To: Southwest corner Merritt Boulevard & German Hill Road Dundalk, MD 21222 Baltimore County
06-18-2001
10-22-2001
NOTICE OF CHANGE IN NAME
PREVIOUS NAME Peoples Bank of Fannin County
Blue Ridge
NEW NAME
APPROVAL DATE EFFECTIVE DATE
United Community Bank North Georgia
10-16-2001
10-24-2001
First Clayton Bank & Trust Clayton
United Community Bank Rabun County
10-30-2001
White County Bank Cleveland
United Community Bank White County
10-30-2001
Bank of Gibson Gibson
FirstCity Bank
10-02-2001
10-04-2001
Towns County Bank Hiawassee
United Community Bank Towns County
10-30-2001
Independent Bank & Trust Company United Community Bank Metro Marietta
10-05-2001
10-19-2001
Centura Card Bank Norcross
RBC Centura Card Bank
10-29-2001
10-30-2001
PROPOSED NAME Generations Bank
APPLICATIONS FOR RESERVATION OF A NAME
COUNTY Union County
APPLICANT Mr. John C. Boyanton T. Stephen Johnson & Associates, Inc. 3650 Mansell Road, Suite 200 Alpharetta, GA 30022
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RBC Centura Card Bank
Gwinnett County
Ms. Ruby G. Altizer Legal Assistant Poyner & Spruill L.L.P. Post Office Box 10096 Raleigh, NC 27605-0096
FINANCIAL INSTITUTION (TShUeRPVarIkVAOvRen)ue Bank
Valdosta, GA
FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION Baxley Federal Bank
Baxley
APPROVAL DATE EFFECTIVE DATE 10-30-2001
The Park Avenue Bank Valdosta, GA
Farmers and Merchants Bank Adel
10-30-2001
The Park Avenue Bank Valdosta, GA
Eagle Bank and Trust Statesboro
10-30-2001
The Park Avenue Bank Valdosta, GA
First Community Bank of Southwest Georgia Bainbridge
10-30-2001
Branch Banking and Trust Company Winston-Salem, NC
Century South Bank of Dawsonville Dawsonville
10-30-2001
Branch Banking and Trust Company Winston-Salem, NC
Century South Bank of Dahlonega Dahlonega
10-30-2001
Branch Banking and Trust Company Winston-Salem, NC
Century South Bank of Danielsville Danielsville
10-30-2001
Branch Banking and Trust Company Winston-Salem, NC
Century South Bank of Lavonia Lavonia
10-30-2001
Branch Banking and Trust Company Winston-Salem, NC
Century South Bank of Ellijay Ellijay
10-30-2001
Bank of Wrightsville Wrightsville, GA
The Knight State Bank Dexter
05-01-2000
Rescinded 10-16-2001
APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION
BANK HOLDING COMPANY
FORMATIONS Horizon BanCorp, Inc. Decatur, GA
TO ACQUIRE
Horizon Bank Decatur, GA
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APPROVAL DATE 10-11-2001
DNB Financial Services, Inc. Douglas, GA
Douglas National Bank (in organization) Douglas, GA
Pending
Southern Community Bancshares, Inc. Fayetteville, GA
Southern Community Bank Fayetteville, GA
10-24-2001
FirstCity Bancorp, Inc. Gibson, GA
FirstCity Bank (formerly Bank of Gibson) Gibson, GA
10-29-2001
First Southern Bancorp Statesboro, GA
First Southern National Bank (in organization) Statesboro, GA
Pending
ACQUISITIONS BB&T Corporation Winston-Salem, NC
Community First Bank Carrollton, GA
10-05-2001
CHECK CASHER LICENSES ISSUED
CITY Covington Lawrenceville Lawrenceville Atlanta Duluth Duluth
APPLICANT NAME Her, Sue J Inshallah, Inc. International Financial Solutions Group, Inc. Lee, Mi Bok Prince Andrew, Inc. Sweetwater Package, Inc.
TRADE NAME Sunshine Coin Laundry Gateway News Stand United Check Cashing Lee's Check Cashing United Check Cashing Sweetwater Package Store
N O T I C E S
SEC Closure of Entrust Group and Bentley Financial Services, Inc.
On October 23, 2001, the Securities and Exchange Commission filed suit against Robert L. Bentley, Entrust Group and Bentley Financial Services Inc., all of Paoli, Pennsylvania, for suspected securities fraud. This suit
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alleges that the defendants have been representing investments to be federally insured Certificates of Deposit, when in fact they are selling uninsured securities issued by the defendants. On October 24, 2001, the U. S. District Court issued a temporary restraining order that freezes the assets of the defendants and appoints a receiver to exercise control over these assets.
Final Rules of the Department of Banking and Finance
The Rules of the Department of Banking and Finance, previously published on August 28, 2001, were adopted and filed with the Secretary of State on October 22, 2001 and will become effective as of November 11, 2001.
Future Publication of Rules and Regulations of the Department of Banking and Finance
The Department from time to time proposes certain rules and regulations and invites public comment. The procedures for rule making are set out in Article 1 of Chapter 13 of Title 50, the Georgia Administrative Procedures Act. In the past, the Department has mailed special bulletins which contain proposed and final rules. In the future, beginning March 1, 2002, all such special bulletins will be made available electronically on the Department's website (http://www.state.ga.us/dbf/). A notice that proposed or final rules appear will be in the scroll box entitled "updates" on the right hand side of our web page. Any person who desires an individual copy of these bulletins may request an electronic mailing by e-mailing their request, including their e-mail address, to Susan Brown at browns@dbf.state.ga.us by January 1, 2002. If e-mail is not available to a requester, the Department will make a paper copy of proposed rules available at its main office at 2990 Brandywine Road, Suite 200, Atlanta, Georgia 30341. If these arrangements produce undue hardships, please contact the Department at (770) 986-1633.
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Distribution of Department's Monthly Bulletin
The Department of Banking and Finance, beginning with the January 2002 monthly bulletin, will distribute all future Department bulletins electronically via e-mail. This allows the Department to get the bulletin to you more rapidly and efficiently. The Department's Bulletin will also be posted on the Department's website http://www.state.ga.us/dbf/bulletins.html. If you are on a paid subscription list to receive the Department Bulletin, you will continue to receive your subscription as you receive it today through the end of your current subscription. After that time, the Department Bulletin will be available without cost to you by e-mail or through our website. If you have not already provided the Department with your e-mail address, please contact Susan Nelson at DBFCORP@dbf.state.ga.us or at (770) 986-1652 to provide your e-mail address or if you have questions.
Distribution of Monthly Summary of Mortgage Activities
Beginning January 2002, the Monthly Summary of Mortgage Activities will be e-mailed each month to licensees. The Department requests that all licensees provide the Department a valid e-mail address in order that they may receive the Monthly Summary each month in a timely manner. For all other licensees, the Monthly Summary will be available on the Department's website http://www.state.ga.us/dbf/bulletins.html each month. This delivers the Mortgage Summary to you more rapidly and efficiently. If you have not already provided the Department with your e-mail address, please contact the Mortgage Division at DBFMORT@dbf.state.ga.us or at (770) 986-1136 to provide your e-mail address of if you have questions.
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2002 HOLIDAY SCHEDULE
It is anticipated that the following schedule will be observed for 2002. Financial Institutions may observe both the official observance day as well as alternative 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.
2001
Veteran's Day (Will be observed) Thanksgiving Day (Alternate observance of Lee's Birthday) Christmas Day (Alternate observance of Washington's Birthday)
Sunday November 11 Monday, November 12 Thursday, November 22 Friday, November 23 Tuesday, December 25 Monday, December 24
2002
New Year's Day Martin Luther King, Jr.'s Birthday (Will be observed) Robert E. Lee's Birthday (Will be observed) Washington's Birthday (Will be observed) Confederate Memorial Day National Memorial Day Independence Day Labor Day Columbus Day Veterans' Day Thanksgiving Day (Alternate observance of Lee's Birthday) Christmas Day (Alternate observance of Washington's Birthday)
Tuesday, January 1 Tuesday, January 15 Monday, January 21 Saturday, January 19 Friday, November 29 Monday, February 18 Thursday, December 26 Friday, April 26 Monday, May 27 Thursday, July 4 Monday, September 2 Monday, October 14 Monday, November 11 Thursday, November 28 Friday, November 29 Wednesday, December 25 Thursday, December 26
EMERGENCY CLOSINGS
As the winter months approach, all financial institutions are reminded that current regulations provide for management to exercise its own discretion, with notification to the Department, in closing any institution for one business day (renewal for successive days) upon its determination that the safety of customers, employees or assets would be in jeopardy due to civil disorder, fire, acts of God, or utility failure or similar circumstances which render the institution unable to conduct business in a safe and sound manner. Such closings should be communicated to the Department by telephone, mail or fax as soon as transmission is feasible.
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