Department of Banking and Finance bulletin, Mar. 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, ACTING COMMISSIONER

Phone: (770) 986-1633

Fax: (770) 986-1655

Internet Address: http://www.gadbf.org
March 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 March 2003.

IN THIS ISSUE: Information Regarding Distribution of Department Bulletins, Summaries, and Other Important Items

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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

Pending

BEGIN BUSINESS DATE

Community Bank of Georgia 692 West Parker Street Baxley, GA 31513 Appling County

$ 5,000,000

Pending

Mountain Heritage Bank US Highway 441S and US Highway 76E Clayton, GA 30525 Rabun County

$ 7,000,000

Pending

Freedom Bank of Georgia 3165 Maysville Road Commerce, GA 30329 Jackson County

$ 7,500,000

Pending

First Commerce Community Bank 9464 Highway 5 Douglasville, GA 30135 Douglas County

$ 10,000,000

10-21-2002

03-04 -2003

Community Bank of West Georgia 662 Highway 61 Villa Rica, GA 30180 Carroll County

$ 7,000,000

09-16-2002

03-25 -2003

Local Bank of Middle Georgia 532-550 North Davis Drive Warner Robins, GA 31093 Houston County

$ 6,000,000

Pending

PREVIOUS NAME Fidelity National Bank

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO Fidelity Bank Norcross, GA Gwinnett County

APPROVAL DATE Pending

EFFECTIVE DATE

FINANCIAL INSTITUTION AmTrade International Bank of Georgia Atlanta, GA 30309

APPLICATIONS FOR DISSOLUTION
APPROVAL DATE Bank is in Receivership Click here for further information

EFFECTIVE DATE

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FINANCIAL INSTITUTION White Gold Credit Union Dry Branch, GA 31020

APPROVAL DATE 03-03 -2003

EFFECTIVE DATE

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION Colony Bank Ashburn Ashburn, GA

BRANCH OFFICE Chehaw Branch Office 716 Philema Road Albany, GA 31701 Dougherty County

APPROVAL DATE
03-25 -2003

BEGIN BUSINESS
DATE

Georgia Banking Company Atlanta, GA

Hapeville Branch Office 417 North Central Avenue Hapeville, GA 30354 Fulton County

11-27 -2002

03-24 -2003

SunTrust Bank Atlanta, GA

Brookstone Village Branch Office Mars Hills Road & Stitlesboro Road Acworth, GA 30101 Cobb County

03-26 -2003

SunTrust Bank Atlanta, GA

Northeast Plaza Publix In-Store Branch Office 3317 Buford Highway Atlanta, GA 30329 DeKalb County

03-31 -2003

SunTrust Bank Atlanta, GA

Publix at East Lake In-Store Branch Office 2235 Glenwood Avenue Atlanta, GA 30316 DeKalb County

03-31 -2003

SunTrust Bank Atlanta, GA

Greenspring Branch Office 2825 Smith Avenue Baltimore, MD 21209 Baltimore County

Pending

SunTrust Bank Atlanta, GA

The Vineyards Publix In-Store Branch Office 2095 Highway 211, NW Braselton, GA 30517 Barrow County

03-31 -2003

SunTrust Bank Atlanta, GA

SunTrust Plaza Branch Office 5080 Newberry Road Gainesville, FL 32607 Alachua County

01-21 -2003

03-10 -2003

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FINANCIAL INSTITUTION SunTrust Bank Atlanta, GA
SunTrust Bank Atlanta, GA
SunTrust Bank Atlanta, GA
SunTrust Bank Atlanta, GA
SunTrust Bank Atlanta, GA
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
First State Bank of Blakely Blakely

BRANCH OFFICE Grayson Village Publix In-Store Branch Office 2715 Loganville Highway Grayson, GA 30017 Gwinnett County
Franconia Safeway In-Store Branch Office 5980 Kingstown Center Alexandria, VA 22315 Fairfax County Lutz Apex Branch Office 16520 North Nebraska Avenue Lutz, FL 33549 Hillsborough County Hunt Valley Branch Office 124 Shawan Road Hunt Valley, MD 21030 Baltimore County
Publix at Centerville In-Store Branch Office 3550 Centerville Highway Lithonia, GA 30039 Gwinnett County
Oxon Hill Safeway In-Store Branch Office 6235 Oxon Hill Road Oxon Hill, MD 20745 Prince George's County
Wilshire Pavilion Branch Office Ga 74 & Holly Grove Road Peachtree City, GA 30269 Fayette County
Cobb Center Publix In-Store Branch Office 2148 South Cobb Drive Smyrna, GA 30080 Cobb County
Leesburg Branch Office 114 Walnut Avenue Leesburg, GA 31763 Lee County

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APPROVAL DATE
09-18 -2001

BEGIN BUSINESS
DATE
01-17 -2002

09-07 -2001

11-07 -2001

06-17 -2002

08-05 -2002

03-31 -2003

03-31 -2003

06-26 -2002

03-19 -2003

03-26 -2003

03-31 -2003

01-29 -2003

03-24 -2003

FINANCIAL INSTITUTION Main Street Bank Covington

BRANCH OFFICE Royal Boulevard Branch Office 3060 Royal Boulevard, South Royal 400 Court II Alpharetta, GA 30022-1405 Fulton County

APPROVAL DATE
03-19 -2003

BEGIN BUSINESS
DATE

Main Street Bank Covington
Main Street Bank Covington
Northeast Georgia Bank Lavonia
The Bank of Georgia Peachtree City
PREVIOUS NAME Montgomery County Bank Ailey, GA PROPOSED NAME American United Bank
Northwest Bank & Trust
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Buckhead Branch Office 3500 Lenox Road Suite 1450/1470 Atlanta, GA 30326-4231 Fulton County
Mount Vernon Branch Office 1636 Mt. Vernon Road Dunwoody, GA 30338 DeKalb County
Hartwell Wal-Mart Branch Office 1421 East Franklin Street Hartwell, GA 30643 Hart County
Kroger Glynn Street Branch Office 805 South Glynn Street Suite 117 Fayetteville, GA 30215 Fayette County
NOTICE OF CHANGE IN NAME
NEW NAME Montgomery Bank & Trust

03-06 -2003

09-24 -2002

03-31 -2003

12-27 -2002

03-19 -2003

03-28 -2003

APPROVAL DATE
03 -06-2003

EFFECTIVE DATE
03 -10-2003

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY

APPLICANT

Gwinnett County

Mr. Bob Calvert, Principal

Calvert Consulting

710 Marshview Close Roswell, GA 30076

Cobb County

Mr. John B. Kline, Principal Mauldin & Jenkins, LLC Post Office Box 724888 Atlanta, GA 31139-1888

FINANCIAL INSTITUTION (SURVIVOR)
United Community Bank Blairsville, GA

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION First Georgia Bank Brunswick, GA

APPROVAL DATE
03 -03-2003

EFFECTIVE DATE

Dalton Whitfield Bank Dalton, GA

Premier National Bank of Dalton Dalton, GA

03 -19-2003 03-31-2003

Farmers and Merchants Bank Lakeland, GA

The United Banking Company Nashville, GA

03 -17-2003

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 Georgia Commerce Bancshares, Inc. Atlanta, GA

Georgia Commerce Bank (In Organization) Atlanta, GA

03 -17-2003

Piedmont Bancshares, Inc. Atlanta, GA

Piedmont Bank of Georgia Atlanta, GA

Pending

Mountain Bancshares, Inc. Dawsonville, GA

Mountain State Bank (In Organization) Dawsonville, GA

03 -31-2003

Community Banks of Georgia, Inc. Jasper, GA

Community Bank of Pickens County Jasper, GA

Pending

Triangle Financial Group, Inc. Loganville, GA

The Community Bank Loganville, GA

03 -05-2003

American Trust Bancorp Roswell, GA

American Trust Bank (In Organization) Roswell, GA

Pending

North Georgia Bancorp, Inc. Watkinsville, GA

North Georgia Bank Watkinsville, GA

03 -31-2003

ACQUISITIONS SunTrust Banks, Inc. Atlanta, GA
United Community Banks, Inc. Blairsville, GA
Main Street Banks, Inc. Kennesaw, GA
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Lighthouse Community Bank Hilton Head Island, SC
First Georgia Bank Brunswick, GA
First Colony Bank Alpharetta, GA

03 -31-2003 03 -03-2003 03 -24-2003

ACQUISITIONS SNB Bancshares, Inc. Macon, GA

Bank of Gray Gray, GA

FINANCIAL INSTITUTION Flash Foods, Inc. Waycross, GA 31501

APPLICATIONS FOR NEW SALE OF CHECK
APPROVAL DATE 03-18-2003

CITY Somerset Macon Avondale Estates Augusta Camilla Smyrna Tucker Decatur Macon Savannah

CHECK CASHER LICENSES ISSUED

APPLICANT NAME Associates Systems, LLC Bijal & Vishal, Inc. Bourbon, Inc. Brown, Freddie Forrester Auto Sales, Inc. Great Point Enterprise, Inc. Join Us, Inc. Mail & King, Inc. McCook & Son Package, Inc. Wal-Mart Stores, Inc.

TRADE NAME Associates Systems, LLC Sportsman's Package Store Avondale Package Brown's Enterprise Forrester Auto Sales United Check Cashing Olympic Billiard C&J Check Cashing Big Daddy's Wal-Mart Stores

03 -24-2003
EFFECTIVE DATE 03-18-2003

NOTICES

INFORMATION REGARDING DISTRIBUTION OF DEPARTMENT MONTHLY BULLETINS AND SUMMARIES, IMPORTANT NOTICES, AND SPECIAL BULLETINS TO REGULATED INSTITUTIONS
AND LICENSEES
Last year, the Department sent out a notice that all future monthly bulletins, special bulletins, monthly mortgage summaries, proposed rules and regulations, and other important alerts or information would be distributed electronically only in most cases, via e-mail. This allows the Department to more cost effectively and rapidly distribute these important announcements and publications. It is very important that the Department obtains and keeps current e-mail addresses on regulated institutions and licensees so that important information can be communicated timely and efficiently. E-mail addresses are obtained for the sole purpose of communicating with regulated institutions, licensees, and other interested parties not for sharing outside of the Department.
MONTHLY BULLETINS AND OTHER IMPORTANT ANNOUNCEMENTS
If you are a financial institution or licensee, other than mortgage -related licensees or registrants, and have not already provided the Department with a current and valid e-mail address for monthly bulletin alerts, special bulletins which contain proposed and final rules, and other important announcements, please e-mail the Corporate Division at DBFCORP@dbf.state.ga.us and provide your company name/institution name (licensee # if applicable), city, state, and a phone number at which you can be contacted. It is also important that you notify the Department if the primary e-mail address changes. If you choose not to provide your e-mail address, the Monthly Bulletin will be available on the Department 's website http://www.state.ga.us/dbf/bulletins.html each month; however, you may miss out on other important bulletins or information that is distributed electronically.
MONTHLY MORTGAGE SUMMARIES
If you are a mortgage licensee or registrant, and have not already provided the Department with a current and valid e-mail address in order to receive the monthly summary, special bulletins which contain proposed and final rules, and other important announcements in a timely
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manner, please contact the Mortgage Division at DBFMORT@dbf.state.ga.us and provide your company name/licensee name, licensee #, city, state, and a phone number at which you can be contacted. It is also important that you notify the Department if the primary e-mail address changes. If you choose not to provide your e-mail address, the Monthly Summary will be available on the Department's website http://www.state.ga.us/dbf/bulletins.html each month; however, you may miss out on other important bulletins or information that is distributed electronically.
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