Department of Banking and Finance bulletin, Feb. 28, 2001

. . . .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/
February 28, 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 February 2001.

IN THIS ISSUE:

FFIEC Notice - Community Reinvestment Act

APPLICATIONS FOR NEW FINANCIAL INSTITUTION

FINANCIAL INSTITUTION Sweetwater Bank & Trust NW Cnr of Florence Road & HWY 278 Powder Springs, GA 30127 Cobb County

CAPITALIZATION $ 7,500,000

APPROVAL DATE Pending

BEGIN BUSINESS DATE

FINANCIAL INSTITUTION CONVERSIONS

PREVIOUS NAME Douglas Federal Bank, A Federal Savings Bank

CONVERTED TO Douglas Federal Bank Douglasville Douglas County

APPROVAL DATE EFFECTIVE DATE 02-20-2001

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION BRANCH OFFICE

SunTrust Bank

Centennial Place Branch Office

Atlanta

523 Luckie Street

Atlanta, GA 30313-2401

Fulton County

APPROVAL BEGIN BUSINESS

DATE

DATE

02-01-2001

SunTrust Bank Atlanta

Wheeler/Walton Branch Office 3520 Walton Way Ext. Augusta, GA 30909 Richmond County

11-22-2000

02-22-2001

SunTrust Bank Atlanta
State Bank of Cochran Cochran
State Bank of Cochran Cochran

Palm Coast West Branch Office 15 Pine Cone Drive Palm Coast, FL 32137 Flagler County
Dexter Branch Office 109 E. Main Street Dexter, GA 31019 Laurens County
Dublin Branch Office 201 N. Jefferson Street Dublin, GA 31021 Laurens County

02-19-2001

12-11-2000

02-26-2001

12-11-2000

02-26-2001

Community Bank & Trust Cornelia
First Nation Bank Covington

Auburn Branch Office 1528 Atlanta Highway, N. W. Auburn, GA 30011 Barrow County
Salem Road Station Branch Office 13015 Brown Bridge Road Covington, GA 30016 Newton County

SunMark Community Bank Hawkinsville

Highway 96 Branch Office 749 Highway 96 Bonaire, GA 31005 Houston County

02-26-2001

09-18-2000

02-05-2001

02-13-2001

The Brand Banking Company Lawrenceville

Flowery Branch Branch Office 5319 Atlanta Highway Flowery Branch, GA 30542 Hall County

11-02-2000

02-26-2001

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION First American Bank and Trust Company
Athens

CHANGE LOCATION OF Watkinsville Branch From: 1011 Stonebridge Watkinsville 30677 Oconee County To: 1681 Experiment Station Road Watkinsville 30677 Oconee County

APPROVAL EFFECTIVE

DATE

DATE

11-10-1999 02-20-2001

Douglas County Bank Douglasville

Thornton Road Office From: 1046 Oakridge Road
Lithia Springs 30168 Douglas County To: Lithia Springs Branch Office 3491 Skyview Drive Lithia Springs 30122 Douglas County

02-27-2001

NOTICE OF CHANGE IN NAME

PREVIOUS NAME 1st Floyd Bank Rome
Bank of Burke County Sardis

NEW NAME First Floyd Bank
Southern Bank

APPROVAL DATE 02-12-2001

EFFECTIVE DATE

Pending

APPLICATIONS FOR RESERVATION OF A NAME

PROPOSED NAME AmeriBank Financial Services, Inc.

COUNTY Chatham County

APPLICANT Mr. James L. Pannell Oliver, Maner & Grey, LLP P.O. Box 10186 Savannah, GA 31413

Southeast Commercial Bank

Cobb County

Mr. Robert A. Calvert, Jr. Principal & Owner Calvert Consulting P. O. Box 768711 Roswell, GA 30076

Southern Bank

Burke County

Mr. Preston Conner Chief Executive Officer Bank of Burke County P.O. Box 100 Sardis, GA 30456

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

BANK HOLDING COMPANY
FORMATIONS Home Town Banking Corporation Monroe, GA

TO ACQUIRE
Walton Bank & Trust Co. Monroe, GA

APPROVAL DATE
Rescinded 02-20-2001

ACQUISITIONS Summit Bank Corporation Atlanta, GA

Global Commerce Bank Doraville, GA

02-02-2001

Synovus Financial Corp. Columbus, GA (to hold 5.98%)

Juniper Financial Corp. Wilmington, DE

02-15-2001

Persons Banking Company, Inc. Lithonia, GA

The Farmers Bank Forsyth, GA

Pending

ABC Bancorp Moultrie, GA

Tri-County Bank Trenton, FL

02-26-2001

WB&T Bankshares, Inc. Waycross, GA

Guardian Bank (In Organization) Valdosta, GA

02-26-2001

BB&T Corporation Winston-Salem, NC

Century South Banks, Inc. Dahlonega, GA

CHECK CASHER LICENSES ISSUED

CITY Norcross Woodstock Port Wentworth Norcross Atlanta Mableton Atlanta Tifton Atlanta Atlanta

APPLICANT NAME Buckhead Realty Investors, LLC * Castaneda, Jose L. * Cox's Beverage Center, Inc. Gu Corporation J & C Food Mart, Inc. Kyong S. Knipp M & A Cash Atlanta, Inc. Redbird Etc., Inc. Replete, Inc. WC International, Inc.

TRADE NAME United Check Cashing MI Favorita Cox's Beverage Center CCO Check Cashing J&C Food Mart Century Check Cashing M&A Cash Atlanta Redbird Etc Lakewood Check Cashing P&C Check Cashing

Pending

* =Exempt (O.C.G.A. 7-1-709) APPROVAL OF ELECTRONIC DATA PROCESSING SERVICER

FINANCIAL INSTITUTION Advanced Banking Services Dayton, TN

APPROVAL DATE 02-21-2001

FFIEC NOTICE - COMMUNITY REINVESTMENT ACT
The Federal Financial Institutions Examination Council (FFIEC) has made A Guide to CRA Data Collection and Reporting available on its web site (www.ffiec.gov/cra). The FFIEC agencies developed the guide as a resource for financial institutions required to report Community Reinvestment Act (CRA) data. Annual CRA data reports are due March 1.
The CRA regulations generally require independent financial institutions with assets of $250 million or more to annually report data on small business, small farm, and community development lending. Financial institutions of any size are generally subject to the reporting requirements if they are owned by a holding company with total banking and thrift assets of $1 billion or more.
This guide can be used as a resource for information on CRA loan data collection, maintenance and reporting, which are important aspects of large institutions' CRA performance. The guide also provides other useful information about the CRA regulations.
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