. . . .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. Back to Top