. . . .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/ March 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 March 2001. IN THIS ISSUE: Form 990 Tax Filing Reminder for Credit Unions Invoice Fraud Schemes VistaBank, Ltd. Applications Manual & Statement of Policies APPLICATIONS FOR NEW FINANCIAL INSTITUTION FINANCIAL INSTITUTION New South Bank 4077 Forsyth Street Macon, GA 31210 Bibb County CAPITALIZATION $ 7,000,000 APPROVAL DATE Pending BEGIN BUSINESS DATE Georgian Bank (f/k/a Sweetwater Bank & Trust) 3270 Florence Road Powder Springs, GA 30127 Cobb County $ 7,500,000 03-02-2001 APPLICATIONS TO ESTABLISH A BRANCH OFFICE FINANCIAL INSTITUTION SunTrust Bank Atlanta BRANCH OFFICE Bethany Village In-Store Branch Office 13800 Highway 9, Suite E Alpharetta, GA 30004 Fulton County APPROVAL DATE 03-29-2001 BEGIN BUSINESS DATE SunTrust Bank Atlanta Toco Hills In-Store Branch Office 2969 North Druid Hills Road Atlanta, GA 30329-3909 DeKalb County 03-29-2001 SunTrust Bank Atlanta North Charles Safeway Branch Office 2401 North Charles Street Baltimore, MD 21218 03-26-2001 SunTrust Bank Atlanta Fairfax Towne Center Safeway Office 12200 W. Ox Road Fairfax, VA 22033 Fairfax County 03-16-2001 SunTrust Bank Atlanta Quince Orchard Safeway Branch Office 12251 Darnestown Rd Gaithersburg, MD 20878 Montgomery County 03-26-2001 SunTrust Bank Atlanta SunTrust Bank Atlanta SunTrust Bank Atlanta Community Bank & Trust Cornelia First Nation Bank Covington Dalton Whitfield Bank Dalton The Peachtree Bank Duluth The Peachtree Bank Duluth McDonough West In-Store Branch Office 250 Jonesboro Road McDonough, GA 30253 Henry County Palm Coast West Branch Office 15 Pine Cone Drive Palm Coast, FL 32137 Flagler County Opitz Safeway Branch Office 20942 Daniel Stewart Square Woodbridge, VA 22191 Prince William County Kroger #437 Branch Office 3630 Thompson Bridge Gainesville, GA 30506 Hall County Willow Lane Branch Office 101 Willow Lane McDonough, GA 30253 Henry County Rocky Face Branch Office 2709 Chattanooga Road, Suite 5 Rocky Face, GA 30740 Whitfield County Mt. Vernon Branch Office 1725 Mt. Vernon Road, Suite D Dunwoody, GA 30338 DeKalb County Sugar Hill Branch Office 1400 Buford Highway, Suite E-4 Sugar Hill, GA 30518 Gwinnett County 03-29-2001 02-19-2001 03-19-2001 03-26-2001 03-28-2001 03-06-2001 Pending 03-06-2001 09-11-2000 03-13-2001 Gainesville Bank & Trust Gainesville North Hall Branch Office SR 60, 300 feet N of SR 283 Gainesville, GA 30506 Hall County The Heritage Bank Hinesville Savannah 204 Branch Office Hwy 17 & Hwy 204 Inside Wal-Mart Savannah, GA 31405 Chatham County Security Bank of Bibb County Macon Forsyth Road Branch Office 4219 Forsyth Road Macon, GA 31210 Bibb County First Community Bank of Georgia Byron Branch Office Roberta 202 West White Road Byron, GA 31008 Peach County 03-26-2001 06-30-2000 03-14-2001 Pending 08-28-2000 03-12-2001 APPLICATIONS TO CHANGE LOCATION FINANCIAL INSTITUTION SunTrust Bank Atlanta CHANGE LOCATION OF Punta Gorda Isles Branch Office From: 1625 West Marion Avenue Punta Gorda, FL 33950 Charlotte County To: 1107 W. Marion Ave., Suite 119 Punta Gorda, FL 33950 Charlotte County APPROVAL EFFECTIVE DATE DATE 06-28-2000 03-19-2001 Citizens Bank Cairo Main Office From: 128 South Broad Street Cairo, GA 31728 Grady County To: 600 North Broad Cairo, GA 31728 Grady County 11-17-1999 03-19-2001 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 02-14-2001 Pending APPLICATIONS FOR RESERVATION OF A NAME PROPOSED NAME Business Bank Georgian Bank Glennville Bank Piedmont Bank Prime Bank COUNTY Cobb County Cobb County Tattnall County Fulton County Fulton County APPLICANT Mr. Robert A. Calvert, Jr. Calvert Consulting P. O. Box 768711 Roswell, GA 30076 Ms. Veronica S. Jones, Attorney Bentley, Bentley & Bentley P. O. Box 968 Marietta, GA 30060 Mr. Tracy M. Durrence President & CEO Glennville Bank & Trust Co. P.O. Box 278 Glennville, GA 30427-0278 Mr. Richard T. Hills, Attorney Womble Carlyle Sandridge & Rice 1201 West Peachtree St., N.E. Atlanta, GA 30309 Mr. Richard T. Hills, Attorney Womble Carlyle Sandridge & Rice 1201 W Peachtree St., NE Atlanta, GA 30309 FINANCIAL INSTITUTION MERGERS FINANCIAL INSTITUTION (SURVIVOR) United Community Bank Blairsville MERGED INSTITUTION First Floyd Bank Rome United Community Bank Blairsville Bank of Adairsville Adairsville Community First Bank Carrollton Douglas Federal Bank Douglasville APPROVAL DATE 03-20-2001 EFFECTIVE DATE 03-20-2001 Pending APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION BANK HOLDING COMPANY TO ACQUIRE APPROVAL DATE FORMATIONS Reliance Financial Corporation Atlanta, GA Reliance Trust Company Atlanta, GA Pending SouthernBank Holdings, Inc. Buford, GA SouthernBank, N.A., (In Organization) Buford, GA Rescinded 03-21-2001 NBOG Bancorporation, Inc. Gainesville, GA National Bank of Gainesville (In Organization) Gainesville, GA Pending Rivoli BanCorp, Inc. Macon, GA Rivoli Bank & Trust Macon, GA 03-21-2001 ACQUISITIONS Persons Banking Company, Inc. Lithonia, GA The Farmers Bank Forsyth, GA Pending BB&T Corporation Winston-Salem, NC Century South Banks, Inc. Alpharetta, GA CHECK CASHER LICENSES ISSUED 03-13-2001 CITY Atlanta Valdosta Nashville Vidalia Norcross Hoffman Estates, IL APPLICANT NAME Bernard Grissett Downtown Pawn, Inc. J.H. Harvey Company Lee Discount Company, Inc. Lilly's Checks Cashed, Inc. Sears, Roebuck and Co. TRADE NAME Money Center Check Cashing Pawn USA Harvey's Supermarkets Lee Discount Company, Inc. Lilly's Checks Cashed Sears Roebuck N O T I C E S FINAL REMINDER For State Chartered Credit Unions Form 990 Tax Filing The Department informed all State Chartered Credit Unions early in 2000 that we would not be making a consolidated Tax Filing for the Year 2000 and thereafter. We placed a reminder in the Bulletin at year-end to further remind credit unions to make the necessary preparations for making this tax filing. This is a final reminder to all credit unions that they need to make plans to make this filing individually and obtain the necessary forms from the Internal Revenue Service to make this filing. The filing deadline is rapidly approaching, so you need to begin this process immediately if you have not already made this filing. If you require assistance in completing this return, there are a number of consultants and accountants, as well as the Georgia Credit Union Affiliates, that have been working with credit unions in completing these 990 Tax filings. The consolidated filings made for the two previous tax years are available on the Department's website at www.state.ga.us/dbf/credit_unions.html. If you have any questions regarding these issues, please feel free to Contact Deputy Commissioner for Supervision George A. Reynolds at (770) 986-1629 or Supervisory Manager Wayne Orr at (770) 986-1637. Notice to Financial Institution Management, Invoice Fraud Schemes It has come to the attention of the Department of Banking and Finance from several sources that financial institutions are receiving invoices for goods and services that have not been contracted for by the institution. The proliferation of technology has impacted the method of delivery and receipt of such invoices, and cases have been noted recently where invoices have been forwarded by fax or E-Mail in addition to regular mail. Management should have adequate control processes and procedures in place to determine that invoices are valid and that they represent goods or services that have been validly contracted for and received. If you determine that you have been the subject of such a fraud or attempted fraud, you should report this to law enforcement and make required SAR and Bonding Company filings where appropriate. If you have any further questions regarding these issues, please contact Deputy Commissioner for Supervision George A. Reynolds at (770) 986-1629. VistaBank, Ltd. It has been brought to the Department's attention that an institution called "VistaBank, Ltd." is located in and doing a financial services business in Georgia. This institution has not been authorized to do a banking business by this Department. Applications Manual and Statement of Policies The Department has revised these two publications. Both revisions, dated March 15, 2001, are available on the Department's website www.state.ga.us/dbf/forms_applications.html. Please note that the documents are in Portable Document Format (PDF) which can be read by Adobe Acrobat Reader. Back to Top