. . . .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/
June 30, 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 June 2001.
IN THIS ISSUE: Payment of $6.50 Mortgage Fees and Return of Remittance Form ..............................................................Page 7 Institution Not Authorized to do Business as a Bank or a Fiduciary in Georgia...........................................Page 8
APPLICATIONS FOR NEW FINANCIAL INSTITUTION
FINANCIAL INSTITUTION Piedmont Bank of Georgia F/K/A Prime Bank 3423 Piedmont Road Suite 125 Atlanta, GA 30305 Fulton County
United Commercial Bank 5660 New Northside Drive Suite 200 Atlanta, GA 30328 Fulton County
Piedmont Community Bank 110 Highway 18 Connector Gray, GA 31032 Jones County
New South Bank 4077 Forsyth Street Macon, GA 31210 Bibb County
Citizens & Southern Bank 7804 Abercorn Street Oglethorpe Mall Savannah, GA 31406 Chatham County
CAPITALIZATION $8,500,000
$ 10,000,000
$ 6,000,000 $ 7,500,000 $ 9,750,000
APPROVAL DATE Pending
BEGIN BUSINESS DATE
Pending Pending 06-15-2001 Pending
FINANCIAL INSTITUTION Knight State Bank Dexter, GA 31019-1138 Laurens County
APPLICATIONS FOR DISSOLUTION
APPROVAL DATE Pending
EFFECTIVE DATE
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APPLICATIONS TO ESTABLISH A BRANCH OFFICE
FINANCIAL INSTITUTION Athens First Bank & Trust Company
Athens
BRANCH OFFICE Lexington Road Branch Office 2900 Lexington Road Athens, GA 30605 Clarke County
APPROVAL DATE
10-18-2000
BEGIN BUSINESS DATE
06-13-2001
SunTrust Bank Atlanta
The Market@Bridgemill Publix In-Store Branch Office
3760 Sixes Road, Suite 110 Canton, GA 30114 Cherokee County
06-05-2001
SunTrust Bank Atlanta
Dunwoody Hall Publix In-Store Branch Office 5590 Chamblee Dunwoody Road Dunwoody, GA 30338 DeKalb County
06-05-2001
SunTrust Bank Atlanta
Orchard Square Publix In-Store Branch Office 4290 Bells Ferry Road Kennesaw, GA 30144 Cobb County
06-05-2001
SunTrust Bank Atlanta
Fairfax Towne Center Safeway Branch Office 12200 West Ox Road Fairfax, VA 22033 Fairfax County
03-16-2001
06-13-2001
SunTrust Bank Atlanta
Canton Safeway Branch Office 2610 Boston Street Baltimore, MD 21224 Baltimore County
11-27-2000
06-27-2001
Dalton Whitfield Bank Dalton
Rocky Face Branch Office 2709 Chattanooga Road, Suite 5 Rocky Face, GA 30740 Whitfield County
04-06-2001
06-04-2001
Bank of Perry Perry
Warner Robins Branch Office 308 Margie Drive Warner Robins, GA 31088 Houston County
04-12-2001
06-06-2001
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FINANCIAL INSTITUTION SunTrust Bank Atlanta
Gwinnett Community Bank Duluth
Coastal Bank Hinesville
APPLICATIONS TO CHANGE LOCATION
CHANGE LOCATION OF
Dundalk Branch Office From: 1135 Merritt Boulevard
Dundalk, MD 21222 Baltimore County To: Southwest corner Merritt Boulevard Dundalk, MD 21222 Baltimore County
APPROVAL DATE
06-18-2001
EFFECTIVE DATE
Main Office From: 3146 Buford Highway
Duluth, GA 30096 Gwinnett County To: 2775 Buford Highway Duluth, GA 30096 Gwinnett County
06-25-2001
Main Office From: One West Hendry Street
Hinesville, GA 31313 Liberty County To: 27 Bull Street Savannah, GA 31412 Chatham County
09-13-1999 09-29-2000*
PREVIOUS NAME Ashburn Bank Ashburn
The Bank of Dodge County Eastman
The Bank of Fitzgerald Fitzgerald
NOTICE OF CHANGE IN NAME
NEW NAME Colony Bank Ashburn
APPROVAL DATE 11-14-2000
EFFECTIVE DATE 11-16-2000*
Colony Bank of Dodge County
08-28-2000
08-31-2000*
Colony Bank of Fitzgerald
10-28-2000
10-30-2000*
* Included for informational purposes due to omission in 2000 Bulletins.
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APPLICATIONS FOR RESERVATION OF A NAME
PROPOSED NAME Embry Bank
COUNTY Gwinnett County
APPLICANT Mr. Paul Kirtley, CFO 446 West Crogan Street One Justice Square, Suite 100 Lawrenceville, GA 30045
Piedmont Bank of Georgia
Fulton County
Mr. Richard T. Hills Attorney at Law Womble Carlyle Sandridge & Rice 1201 West Peachtree Street, NE Atlanta, GA 30309
United Community Bank Dawson County
Dawson County
Ms. Kelly A. Howley, Paralegal Kilpatrick Stockton LLP 1100 Peachtree Street, Suite 2800 Atlanta, GA 30309-4530
United Community Bank Metro
Cobb County
Ms. Kelly A. Howley, Paralegal Kilpatrick Stockton LLP 1100 Peachtree Street, Suite 2800 Atlanta, GA 30309-4530
United Community Bank North Georgia
Fannin County
Ms. Kelly A. Howley, Paralegal Kilpatrick Stockton LLP 1100 Peachtree Street, Suite 2800 Atlanta, GA 30309-4530
United Community Bank Rabun County
Rabun County
Ms. Kelly A. Howley, Paralegal Kilpatrick Stockton LLP 1100 Peachtree Street, Suite 2800 Atlanta, GA 30309-4530
United Community Bank Towns County
Towns County
Ms. Kelly A. Howley, Paralegal Kilpatrick Stockton LLP 1100 Peachtree Street, Suite 2800 Atlanta, GA 30309-4530
United Community Bank White County
White County
Ms. Kelly A. Howley, Paralegal Kilpatrick Stockton LLP 1100 Peachtree Street, Suite 2800 Atlanta, GA 30309-4530
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FINANCIAL INSTITUTION MERGERS
FINANCIAL INSTITUTION (SURVIVOR) Gilmer County Bank
Ellijay
MERGED INSTITUTION Appalachian Community Bank
Blairsville
The Park Avenue Bank Valdosta
Friendship Community Bank Ocala, FL
APPROVAL DATE EFFECTIVE DATE Pending
06-01-2001
06-22-2001
APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION
BANK HOLDING COMPANY
FORMATIONS Georgia Banking Company, Inc. Atlanta, GA
TO ACQUIRE
APPROVAL DATE
Georgia Banking Company (In Organization) Atlanta, GA
Pending
The 2000 Williams Investment Company, LLC FNB Newton Bankshares, Inc.
Atlanta, GA
Covington, GA
Pending
Prudential Financial, Inc. Newark, NJ
Prudential IBH Holdco, Inc. Newark, NJ
Pending
Prudential IBH Holdco, Inc. Newark, NJ
The Prudential Savings Bank, FSB Atlanta, GA
Pending
Prudential IBH Holdco, Inc. Newark, NJ
The Prudential Bank and Trust Company Atlanta, GA
Pending
Newnan Coweta Bancshares, Inc. Newnan, GA
Newnan Coweta Bank Newnan, GA
Pending
Sweetwater Financial Group, Inc. Powder Springs, GA
Georgian Bank Powder Springs, GA
Pending
ACQUISITIONS SunTrust Banks, Inc. Atlanta, GA
Wachovia Corporation Winston-Salem, NC
Pending
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CITY Jonesboro Atlanta Decatur Alpharetta Duluth Douglasville Tucker
CHECK CASHER LICENSES ISSUED
APPLICANT NAME Ellis, Katrece Levoy IMS Group, Inc. Pee, Jae J. Royal Liquor, Inc. S&S Karam, Inc. Seung T. Kim Yong & Sue, Inc.
TRADE NAME One Stop Check Cashing Westside Beer & Wine J's Quick Stop Royal Check Cashing Gateway Newsstand Douglas Check Cashing Spritzer's Package
N O T I C E S
Payment of $6.50 Mortgage Fees and Return of Remittance Form
All financial institutions, lenders and brokers that close mortgage loans are responsible for collecting and remitting the $6.50 Georgia Residential Mortgage Act fees, pursuant to Rule 80-5-1-.04 of the Department. At the last collection period ending December 31 , 2000, the Department mailed remittance letters to all lenders and financial institutions. The Department will be mailing remittance letters in July to be returned with fees due for the period from January 1 to June 30, 2001. The Remittance Form, which contains your identification number, should be returned with payment for processing by the Department. If payment includes fees due from subsidiaries or affiliates, please indicate the name and the amount for each entity. These fees are due not later than September 1, 2001.
It is important that these fees be remitted in total and not sent to the Department on a "per transaction" basis. These fees need to be aggregated and include the entire period.
These fees apply not only to any new residential mortgages but also to any modification of a residential loan that results in a new or modified security deed. A $6.50 fee would be due for any such transaction. See Department of Banking and Finance Rule 80-5-1-.04(a).
It is important for lenders and financial institutions that do not extend residential mortgage loans within the definition of the Georgia Residential Mortgage Act - commercial, agricultural and SBA loans with a natural person as borrower and collateralized by personal residential property are within the Act - to confirm this fact by remitting the response form and indicating that no residential mortgage loans were made and that no fees are due to the Department. Providing this confirmation will help to ensure that the Department's database is accurate and will prevent letters from being sent or action being taken based on an assumption that your financial institution has not properly reported.
If there are any questions concerning these issues, please feel free to contact either Acting Deputy Commissioner for Mortgage, Drexel Beck beck@dbf.state.ga.us at (770) 986-5036 or Deputy Commissioner for Supervision, George A. Reynolds reynolds@dbf.state.ga.us at (770) 986-1629.
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IMPORTANT NOTICE:
Institution Not Authorized to do Business as a Bank or a Fiduciary in Georgia On April 5, 2001, the Georgia Department of Banking and Finance issued a Cease & Desist Order to VistaBank, Ltd. and Global Commerce Company, N.A. (Vista/Global). The Order was issued for Vista/Global to cease doing business as a bank in Georgia, and to cease acting as a fiduciary in this state, pursuant to O.C.G.A. 7-1-91, 7-1-242, 7-1-5 and Article 5 and Article 5A of Title 7. On June 28, 2001, Vista/Global, by its president Carl Lane, agreed to abide by the above mentioned Orders. Consequently, neither Global Commerce Company, N.A. (a self-styled business trust with no relation to a national association) nor VistaBank, Ltd. May act as a fiduciary in this state or as a bank or representative of a bank in this state. Neither entity is authorized by the state of Georgia to do a banking or fiduciary business in this state*. This notice is provided for the benefit of the public, by order of Commissioner Steven Bridges, this 3rd day of July 2001, by authority of O.C.G.A. 7-1-70(d), 7-1-5, and 7-1-3. *Global Commerce Bank which is located at 5150 Buford Highway, Doraville, GA, a state-chartered banking institution, is in no
way related to the entity mentioned in the above notice.
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