Department of Banking and Finance bulletin, Oct. 31, 2003

. . . .BULLETIN. . . .BULLETIN. . . .BULLETIN. . . .BULLETIN. . . .

STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE

2990 Brandywine Road, Suite 200 Atlanta, Georgia 30341-5565

DAVID G. SORRELL, COMMISSIONER

Phone: (770) 986-1633

Fax: (770) 986-1655

Internet Address: http://www.gadbf.org
October 31, 2003 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 2003.
IN THIS ISSUE:
2004 Holiday Schedule

1

APPLICATIONS FOR NEW FINANCIAL INSTITUTION

FINANCIAL INSTITUTION Midtown Bank & Trust Company 712 West Peachtree Street Atlanta, GA 30308
Fulton County

CAPITALIZATION APPROVAL DATE

$ 10,500,000

05 -27-2003

BEGIN BUSINESS DATE
10-30 -2003

Mountain Valley Community Bank 136 North Main Street Cleveland, GA 30528 White County

$ 7,000,000

Pending

New Horizons Bank 489 Highland Circle East Ellijay, GA 30539 Gilmer County

$ 7,000,000

Pending

First Coweta Bank 61 Bullsboro Drive Newnan, GA 30263 Coweta County
PREVIOUS NAME First National Bank of Cherokee

$ 7,000,000

Pending

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO First Cherokee State Bank

APPROVAL DATE Pending

Woodstock

Cherokee County

EFFECTIVE DATE

Southbank, National Association

SouthBank Woodstock Cherokee County

Pending

FINANCIAL INSTITUTION SunTrust Bank Atlanta

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE Old Milton Branch Office

APPROVAL DATE
10-29-2003

Old Milton Parkway @ Alexander Drive

Alpharetta, GA 30005

Fulton County

BEGIN BUSINESS DATE

2

FINANCIAL INSTITUTION SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
United Community Bank Blairsville
Oglethorpe Bank Brunswick

BRANCH OFFICE Plaza Fiesta Branch Office Buford Highway (north of Clairmont Road) Atlanta, GA 30345 DeKalb County
Publix at East Lake In -Store Branch Office 2235 Glenwood Avenue Atlanta, GA 30316 DeKalb County
Brooklyn Riverside Branch Office Park & Stockton Streets Jacksonville, FL 32204 Duval County
Publix at Loganville Towne Center Branch Office 4325 Atlanta Highway Loganville, GA 30052 Walton County
Cobb Center Publix In -Store Branch Office 2148 South Cobb Drive Smyrna, GA 30080 Cobb County
Highland Station Branch Office South Cobb Drive & Eastwest Connector Smyrna, GA 30080 Cobb County
Cornelia Branch Office 1472 441 By-Pass Cornelia, GA 30531 Habersham County
Frederica Road Branch Office 1700 Frederica Road, Unit 105 St. Simons Island, GA 31522 Glynn County

3

APPROVAL DATE
10-29-2003

BEGIN BUSINESS DATE

03-31-2003

10 -20-2003

06-02-2003

10 -06-2003

08-12-2003

10 -06-2003

03-31-2003

10 -27-2003

10-29-2003

10-10-2002

01 -04-2003

10-27-2003

APPROVAL BEGIN BUSINESS

FINANCIAL INSTITUTION Community Bank & Trust Cornelia

BRANCH OFFICE Rabun County Branch Office 174 Highway 441, North Clayton, GA 30525 Rabun County

DATE 09-10-2003

DATE 10 -10-2003

Southern Community Bank Fayetteville

Kroger Store #413 Branch Office 10375 Tara Boulevard Jonesboro, GA 30236 Clayton County

10-09-2003

Southern Community Bank Fayetteville

Locust Grove Branch Office Locust Grove Village, Out Parcel C Locust Grove, GA 30248 Henry County

10-09-2003

Southern Community Bank Fayetteville

Kroger Store #420 Branch Office 3150 East Highway 34 Newnan, GA 30263 Coweta County

10-09-2003

Heritage Bank Jonesboro

Eagles Landing Parkway Branch Office 1040 Eagles Landing Parkway, Suite 100 Stockbridge, GA 30281 Henry County

10-02-2003

United Bank Zebulon

Madison Branch Office 1690 Eatonton Highway Madison, GA 30650 Morgan County

10-08-2003

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION Monogram Credit Card Bank of Georgia

CHANGE LOCATION OF Main Office

APPROVAL DATE 09-24-2003

Alpharetta

From: 7840 Roswell Road, Building 100 Atlanta GA 30350

Fulton County

To: 4125 Windward Plaza Drive

Alpharetta GA 30005 -8738

Fulton County

EFFECTIVE DATE 10 -13-2003

4

FINANCIAL INSTITUTION SunTrust Bank Atlanta

CHANGE LOCATION OF Daytona Branch Office From: 120 South Ridgewood Avenue Daytona Beach FL 32114 Volusia County To: 200 South Palmetto Avenue Daytona Beach FL 32114 Volusia County

APPROVAL DATE EFFECTIVE DATE

08-22-2003

10 -10-2003

PREVIOUS NAME Bank of Ellaville Ellaville

NOTICE OF CHANGE IN NAME
NEW NAME Central Bank of Georgia

APPROVAL DATE
10 -07 -2003

EFFECTIVE DATE
10 -08 -2003

PROPOSED NAME Century Security State Bank

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY Gwinnett County

APPLICANT Mr. John B. Kline, Principal Mauldin & Jenkins

1640 Powers Ferry Road, Building 26

Marietta, GA 30067

Community Bank of Morgan County

Morgan County

Mr. Pierce T. Neese, President PTN Consultants, Inc. Post Office Box 2147 Woodstock, GA 30188

Paulding Community Trust Bank

Paulding County

Mr. Robert Calvert, Principal Calvert Consulting Post Office Box 768711 Roswell, GA 30076

Paulding County Bank

Paulding County

Mr. Robert A. Calvert, Jr., Principal Calvert Consulting Post Office Box 768711 Roswell, GA 30076

SouthBank

Cherokee County

Mr. John W. Stephenson, Jr. Troutman Sanders LLP 600 Peachtree Street, NE - Suite 52 Atlanta, GA 30308

5

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 Piedmont Bancshares, Inc. Atlanta, GA

Piedmont Bank of Georgia Atlanta, GA

Pending

Community Bank of Georgia, Inc. Baxley, GA

Community Bank of Georgia (IO) Baxley, GA

Pending

Freedom Bancshares, Inc. Commerce, GA

Freedom Bank of Georgia (IO) Commerce, GA

10-03-2003

FNBG Bancshares, Inc. Duluth, GA

First National Bank of Gwinnett Duluth, GA

Pending

ACQUISITIONS First National Banc, Inc. St. Marys, GA
CITY Jonesboro Marietta College Park Moultrie Acworth Smyrna College Park Athens

First National Bank Orange Park, FL

Pending

CHECK CASHER LICENSES ISSUED

APPLICANT NAME Choe, Young W. Jay Check Cashing, Inc.

TRADE NAME Check Cash Plus Jay Check Cashing

Kim Brothers, Inc. Mian Brothers, Inc. Molina, Aracely M.

Kim's Best Supermarket Super Cee Molina's Check Cashiers

Smyrna's U. S. A., Inc. Welde Enterprises, Inc.

Oasis Package Store Beverage City Package Store

Yaki, Inc.

Check Cashing 4 U

MONEY TRANSMITTER Orlandi Valuta Cerritos, CA
Shekhey, Omar A. Clarkston, GA
Dahabshil, Inc. Columbus, OH
6

MONEY TRANSMITTER LICENSES ISSUED
APPROVAL DATE 10 -09 -2003
10 -17 -2003
10 -07 -2003

MONEY TRANSMITTER Enramex, Inc. Denver, CO
ABC Money Transactions, Inc. Garden Grove, CA
America Transfers, Inc. Irving, TX
Mexico Transfers, Inc. Irving, TX
Patel, Manoj N. Lawrenceville, GA
Global Money Remittance, Inc. Miami, FL
Envios R. D. Corp. New York, NY
Girosol Corp North Miami Beach, FL
Servicio UniTeller, Inc. Rochelle Park, NJ
LICENSEE NAME Global FX, Inc. Miami, FL

APPROVAL DATE 10 -03 -2003

10 -27 -2003

10 -07 -2003

10 -07 -2003

10 -08 -2003

10 -15 -2003

10 -03 -2003

10 -03 -2003

SALE OF CHECK LICENSES ISSUED

10 -09 -2003
APPROVAL DATE 10 -27 -2003

NOTICES

2004 HOLIDAY SCHEDULE
In accordance with O.C.G.A. 1-4-1, Governor Sonny Perdue proclaimed the following dates as public and legal holidays for the year 2004. 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.
7

2003

Veterans' Day Thanksgiving Day (Alternate Observance of Lee's Birthday) Christmas Day
(Alternate Observance of Washington's Birthday)

Tuesday, November 11 Thursday, November 27 Friday, November 28 Thursday, December 25 Friday, December 26

2004

New Year's Day Martin Luther King, Jr.'s Birthday Robert E. Lee's Birthday (Will be observed) Washington's Birthday (Will be observed) Confederate Memorial Day Memorial Day Independence Day (Will be observed) Labor Day Columbus Day Veterans' Day Thanksgiving Day (Alternate observance of Lee's Birthday) Christmas Day (Will be observed) (Alternate observance of Washington's Birthday)

Thursday, January 1 Monday, January 19 Monday, January 19 Friday, November 26 Sunday, February 22 Thursday, December 23 Monday, April 26 Monday, May 31 Sunday, July 4 Monday, July 5 Monday, September 6 Monday, October 11 Thursday, November 11 Thursday, November 25 Friday, November 26 Saturday, December 25 Friday, December 24 Thursday, December 23

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.

BACK TO TOP

8