. . . .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 1 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Local Bank of Middle Georgia 532-550 North Davis Drive Warner Robins, GA 31093 Houston County $ 6,000,000 Withdrawn 09-05-2003 PREVIOUS NAME Frontier Bank, National Association FINANCIAL INSTITUTION CONVERSIONS CONVERTED TO Frontier Bank LaGrange Troup County APPROVAL DATE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 2 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 3 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 4 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 5 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. BACK TO TOP 6