Department of Banking and Finance bulletin, Sept. 30, 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/
September 30, 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 September 2003.
IN THIS ISSUE:
Guidelines Regarding the Avoidance of Predatory and Abusive Mortgage Lending Practices in Georgia State Chartered Banks

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APPLICATIONS FOR NEW FINANCIAL INSTITUTION

FINANCIAL INSTITUTION Northwest Bank & Trust 3891 Cobb Parkway Acworth, GA 30101 Cobb County

CAPITALIZATION APPROVAL DATE

$ 10,000,000

09-25-2003

BEGIN BUSINESS DATE

Neighbors Bank 2380 Old Milton Parkway Alpharetta, GA 30004 Fulton County

$ 10,800,000

10-15-2002

09-19-2003

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

$ 7,000,000

Pending

1st Georgia Banking Company 101 Main Street Franklin, GA 30217 Heard County

$ 15,000,000

09-04-2003

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

$ 6,000,000

Withdrawn 09-05-2003

PREVIOUS NAME Frontier Bank, National Association

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO Frontier Bank LaGrange Troup County

APPROVAL DATE 09-25-2003

EFFECTIVE DATE

First National Bank of Cherokee

First Cherokee State Bank Woodstock Cherokee County

Pending

FINANCIAL INSTITUTION Wheeler County State Bank Alamo

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE Dublin Branch Office/Atlantic South Bank 1409 Bellevue Avenue Dublin, GA 31021 Laurens County

APPROVAL DATE
09-09 -2003

BEGIN BUSINESS DATE

SunTrust Bank Atlanta

Sage Hill Office 1799 Briarcliff Road, NE Atlanta, GA 30306 DeKalb County

09-18 -2003

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FINANCIAL INSTITUTION SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
Community Bank & Trust Cornelia
Citizens & Merchants State Bank Douglasville
The Peachtree Bank Duluth
1st Georgia Banking Company Franklin
1st Georgia Banking Company Franklin

BRANCH OFFICE Publix @ Chateau Elan Branch Office 2095 Highway 211, NW Braselton, GA 30517 Barrow County
Smith Mountain Lake Kroger In-Store Branch Office 80 Westlake Road Hardy, VA 24101 Franklin County
Henry Town Center Branch Office 1860 Jonesboro Road McDonough, GA 30253 Henry County
Baldwin Park Branch Office 4751 New Broad Street Orlando, FL 32813 Orange County
1275 K Street Branch Office 1275 K Street, NW Washington, DC 20005
Rabun County Branch Office 174 Highway 441, North Clayton, GA 30525 Rabun County
Hiram Branch Office 75 Metromont Road Hiram, GA 30141 Paulding County
Roswell Branch Office 695 Mansell Road, Suite 110 Roswell, GA 30076 Fulton County
Bremen Branch Office 102 Stone Bridge Boulevard Bremen, GA 30110 Haralson County
Carrollton Branch Office 100 Tom Reeves Drive Carrollton, GA 30117 Carroll County

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APPROVAL DATE
03-31 -2003

BEGIN BUSINESS DATE
09-29 -2003

07-07 -2003

09-25 -2003

01-30 -2003

09-22 -2003

09-29 -2003

05-05 -2003

09-08 -2003

09-10 -2003

03-25 -2002

09-02 -2003

09-09 -2003

09-04 -2003

09-04 -2003

FINANCIAL INSTITUTION First Bank of the South Lawrenceville

BRANCH OFFICE Snellville Branch Office 2168 Scenic Highway Snellville, GA 30078 Gwinnett County

APPROVAL DATE
04-25 -2003

BEGIN BUSINESS DATE
09-22 -2003

Bank of Madison Madison

Social Circle Branch Office 1281 North Cherokee Road Social Circle, GA 30025 Walton County

09-18 -2003

First Chatham Bank Savannah

Telfair Square Branch Office 111 Barnard Street Savannah, GA 31402 Chatham County

09-23 -2003

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION Monogram Credit Card Bank of Georgia Atlanta

CHANGE LOCATION OF Main Office From: 7840 Roswell Road, Building 100 Atlanta 30350 Fulton County To: 4125 Windward Plaza Drive Alpharetta GA 30005 -8738 Fulton County

APPROVAL DATE 09 -24-2003

EFFECTIVE DATE

PREVIOUS NAME Sea Island Employees Credit Union Brunswick

NOTICE OF CHANGE IN NAME
NEW NAME Sea Island Credit Union

APPROVAL DATE
09 -04 -2003

EFFECTIVE DATE
09 -05 -2003

Bank of Ellaville Ellaville

Central Bank of Georgia

Pending

PROPOSED NAME Community Bank of Madison

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY Morgan County

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

First Cherokee State Bank

Cherokee County

Mr. Gary Pannell Attorney at Law Miller Hamilton Snider & Odom, LLC 1175 Peachtree Street, 100 Colony Square Atlanta, GA 30361

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PROPOSED NAME Highland Commercial Bank

COUNTY Cobb County

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

FINANCIAL INSTITUTION (SURVIVOR)
The Heritage Bank
Hinesville

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION Cumberland National Bank St. Marys

APPROVAL EFFECTIVE

DATE

DATE

09 -24 -2003 09 -25 -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 Piedmont Bancshares, Inc. Atlanta, GA

Piedmont Bank of Georgia Atlanta, GA

Pending

Community Bank of Georgia, Inc. Baxley, GA
Freedom Bancshares, Inc. Commerce, GA

Community Bank of Georgia (IO) Baxley, GA
Freedom Bank of Georgia (IO) Commerce, GA

Pending Pending

ACQUISITIONS Community Capital Bancshares, Inc. Albany, GA
CITY Tifton Lilburn Lawrenceville Canton Marietta Lithonia Tifton Dalton Atlanta Atlanta Dalton Griffin

First Bank of Dothan, Inc. Dothan, AL

09-16-2003

CHECK CASHER LICENSES ISSUED

APPLICANT NAME Amin, Narendra J.

TRADE NAME Jani's Mart

Aranjo, Miguel Angel Acevedo Blue Heller Corporation Daves, Sue Anne Easy Cash Now, Inc. Hong, Sukkee Jay Swaminaryan, Inc. La Michoacana Enterprises, Inc. NRMC Financial Services, Inc. Park, Won K. Super Body, Inc. Totus Tuus, Inc.

Dollar House United Check Cashing El Caporal Check Cashing Easy Cash Now TME Quick Stop Texaco La Michoacana NRMC Financial Services Park's Check Cashing La Bodeguita Griffin Farmers Market

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MONEY TRANSMITTER LICENSES ISSUED

MONEY TRANSMITTER Vietnam USA Services, Inc. Chamblee, GA

APPROVAL DATE 09-12-2003

ZOHA, Inc. Jersey City, NJ

09-22-2003

New York Bay Remittance Corp. New York, NY

09-22-2003

Sigue Corporation San Fernando, CA

09-22-2003

NOTICES
Guidelines Regarding the Avoidance of Predatory and Abusive Mortgage Lending Practices in Georgia State Chartered Banks
On October 3, 2003, the Department issued guidelines to its examination and professional staff and Chief Executive Officers of Georgia state chartered banks regarding the avoidance of predatory and abusive mortgage lending practices. These guidelines address several issues including: (1) The status of predatory lending statutes in Georgia, (2) The definition of "predatory mortgage lending", (3) Practices which may be indicative of predatory mortgage lending, (4) The Department's response in the event that predatory mortgage lending practices are noted during the examination or visitation process, (5) Actions banks can take to minimize the possibility of predatory or abusive mortgage lending practices, (6) Practices related to mortgage loans purchased through brokers or loan participations, (7) Mortgage Lending practices of Bank Subsidiaries, and (8) Third Party Vendors and Servicers.
The guidelines can be accessed from our website at: http://www.ganet.org/dbf/pdfdoc/GuidelinesrePredatoryLending.pdf.

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