Department of Banking and Finance bulletin, Jan. 31, 2004

. . . .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/
January 31, 2004 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 January 2004. IN THIS ISSUE: Suspicious Activity Reports **Reminder** Protecting the Financial Sector - A Public and Private Partnership In Remembrance - Senior Financial Examiner Mike Tarrh (1945-2004)

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

APPLICATIONS FOR NEW FINANCIAL INSTITUTION

CAPITALIZATION APPROVAL DATE

$ 8,000,000

01-20-2004

BEGIN BUSINESS DATE

Highland Commercial Bank 3411 Ernest Barrett Parkway, NW Marietta, GA 30064 Cobb County

$ 10,000,000

Pending

First Coweta Bank 61 Bullsboro Drive Newnan, GA 30263 Coweta County

$ 10,000,000

01-20-2004

Local Bank of Middle Georgia 306-308 North Davis Drive Warner Robins, GA 31093 Houston County
PREVIOUS NAME Southbank, National Association
FINANCIAL INSTITUTION Colony Bank Ashburn Ashburn

$ 7,000,000

Pending

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO SouthBank Woodstock

APPROVAL DATE 12-24-2003

Cherokee County

EFFECTIVE DATE 01-07-2004

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE Thomaston Branch Office

APPROVAL DATE
01 -15-2004

206 North Church Street

Thomaston, GA 30286

Upson County

BEGIN BUSINESS DATE

SunTrust Bank Atlanta

Braemar Safeway In -Store Branch Office 12821 Braemar Village Plaza Bristow, VA 20136 Prince William County

05 -05-2003

01 -14-2004

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FINANCIAL INSTITUTION SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
Oglethorpe Bank Brunswick
Southeastern Bank Darien
The Heritage Bank Hinesville

BRANCH OFFICE Gunbarrel Branch Office 1900 Gunbarrel Road Chattanooga, TN 37412 Hamilton County

APPROVAL DATE
01 -28-2004

BEGIN BUSINESS DATE

Camp Creek Parkway Branch Office Intersection of Camp Creek Parkway and North Commerce Drive East Point, GA 30344 Fulton County

01 -27-2004

Arundel Mills Safeway Branch Office 7648 Arundel Mills Boulevard Hanover, MD 21076 Ann Arundel County

Pending

West Roswell Branch Office Intersection of Highway 92 and Hardscrabble Road Roswell, GA 30075 Fulton County

01 -30-2004

Frederica Road Branch Office 1700 Frederica Road, Unit 105 St. Simons Island, GA 31522 Glynn County

10 -27-2003

12 -18-2003

Scranton Road Branch Office 375 feet north of the intersection of Scranton Road and Spur 25 Brunswick, GA Glynn County

01 -08-2004

Rincon Branch Office 434 South Carolina Avenue Rincon, GA 31326 Effingham County

01 -26-2004

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FINANCIAL INSTITUTION The Heritage Bank Hinesville
The Bank of Georgia Peachtree City
The Bank of Georgia Peachtree City
Citizens Bank of Effingham Springfield
Darby Bank & Trust Co. Vidalia
FINANCIAL INSTITUTION SunTrust Bank Atlanta
SunTrust Bank Atlanta
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BRANCH OFFICE Truman Parkway Branch Office 1955 East Montgomery Crossroad at Truman Parkway Savannah, GA 31406 Chatham County

APPROVAL DATE
01 -26-2004

BEGIN BUSINESS DATE

Fairburn Branch Office 8410 Senoia Road Fairburn, GA 30213 Fulton County

01 -06-2004

Sharpsburg Branch Office 2015 Highway 154, Suite 114 Newnan, GA 30265 Coweta County

01 -06-2004

Guyton Branch Office 109 W. Central Boulevard Guyton, GA 31312 Effingham County

01 -06-2004

Maple Drive Branch Office 105 Maple Drive Vidalia, GA 30474 Toombs County

01 -30-2004

APPLICATIONS TO CHANGE LOCATION

CHANGE LOCATION OF Decatur Branch Office From: 545 North McDonough Street

APPROVAL DATE EFFECTIVE DATE 01 -16-2004

Decatur GA

DeKalb County

To: 198 West Ponce de Leon Avenue

Decatur GA 30030

DeKalb County

Plaza East Branch Office From: 500 Main Plaza East
Norfolk VA 23510 To: 150 West Main Street
Norfolk VA 23510

07 -17-2003

01-26-2004

FINANCIAL INSTITUTION Columbus Bank and Trust Company Columbus

CHANGE LOCATION OF Main Street Village Branch Office From: 2500 Whittlesey Boulevard Columbus GA 31909 Muscogee County To: Columbus Park Crossing Branch Office 6401 Whittlesey Boulevard Columbus GA 31909 Muscogee County

APPROVAL DATE EFFECTIVE DATE 01 -16-2004

PREVIOUS NAME Generations Bank Blairsville

NOTICE OF CHANGE IN NAME
NEW NAME Seasons Bank

APPROVAL EFFECTIVE

DATE

DATE

01 -20-2004 01-20-2004

PROPOSED NAME Members First Credit Union

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY DeKalb County

APPLICANT Mr. Terry Hardy, President/CEO MedCom Federal Credit Union

Post Office Box 33189

Decatur, GA 30033-0189

The Merchant Bank of Atlanta
FINANCIAL INSTITUTION (SURVIVOR) The Prudential Savings Bank, FSB Atlanta

Fulton County

Ms. Jeannie B. Osborne, Paralegal Powell Goldstein Frazer & Murphy 191 Peachtree Street, NE, 16th Floor Atlanta, GA 30303-1736

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION The Prudential Bank & Trust Company Atlanta

APPROVAL DATE
Pending

EFFECTIVE DATE

Southwest Georgia Bank Moultrie

Sylvester Banking Company Sylvester

Pending

Associated Credit Union Norcross

Atlanta Kemba Federal Credit Union Atlanta

Pending

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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

Bainbridge Bancshares, Inc. Bainbridge, GA

First National Bank of Decatur County (IO) Bainbridge, GA

Pending

Allied Bancshares, Inc. Cumming, GA

First National Bank of Forsyth County (IO) Cumming, GA

Pending

ACQUISITIONS CNB Holdings, Inc. Alpharetta, GA

First Capital Bank Norcross, GA

Pending

Southwest Georgia Financial Corporation Moultrie, GA

Sylvester Banking Company Sylvester, GA

Pending

Prudential IBH Holdco, Inc. Newark, NJ
CITY Atlanta Columbus Albany Norcross Macon Atlanta

CIGNA Bank & Trust Company, FSB Hartford, CT

Pending

CHECK CASHER LICENSES ISSUED

APPLICANT NAME BIG SOS CORPORATION

TRADE NAME Tanner's Corner Grocery

Guerrier, Tamara

A.C.T. and Associates

Luper, Gary L.

Albany Bargain and Pawn

NNM, LLC Old South Pawn Shop, Inc.

Amigo Cambio De Cheques Old South Pawn Shop

Sarkavi, Yezdi H.

The Cleaner @ Dunwoody Place

MONEY TRANSMITTER Order Express, Inc. Chicago, IL

MONEY TRANSMITTER LICENSES ISSUED
APPROVAL DATE 01 -29-2004

BHD Corp. Fort Lee, NJ

01 -05-2004

Maxitransfers Corporation Irving, TX
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01 -16-2004

MONEY TRANSMITTER World Cash, Inc. Marietta, GA
Servimex, Inc. Miami Lakes, FL
Pelican Personified, Inc. Oakwood, GA

APPROVAL DATE 01 -23-2004 01 -28-2004 01 -05-2004
NOTICES:

Suspicious Activity Reports **REMINDER**
There has been confusion regarding whether or not copies of Suspicious Activity Reports (SARs) should be sent to the Department. Please be aware that Rule 80-9-1-.02 of the Department of Banking and Finance requires that all SARs filed with federal authorities, i.e., the Financial Crimes Enforcement Network (FinCEN), also be filed with the Department.
80-9-1-.02 Suspicious Activities: State Financial Institutions.
(1) A state chartered financial institution filing a suspicious activity report (SAR) with a federal authority must send a copy of such report to the Department at the same time the SAR is filed.
(2) Financial institutions must comply with federal requirements for detecting and reporting any suspicious activities.
Authority O.C.G.A. 7-1-61; O.C.G.A. 7-1-704.
Protecting the Financial Sector - A Public and Private Partnership
The Federal Deposit Insurance Corporation is sponsoring and coordinating with the Department of Banking and Finance and the primary regulators of banks, credit unions, and thrifts a meeting on Protecting the Financial Sector - A Public and Private Partnership to be held on February 25, 2004 at Georgia State University, Atlanta, Georgia. Invitations have been sent out to the financial services sector to attend this meeting to discuss the security of the United States' financial services sector. The purpose of the meeting is to bring together federal, state, and local government officials with private sector representatives of the banking, securities, and insurance industries.
The Department encourages your participation to obtain information to be able to identify the actions and plans your company should take to be prepared for an emergency. Information and on-line registration is available by visiting the FDIC's web site at http://www.fdic.gov/news/conference/index.html .
Senior Financial Examiner Francis Michael (Mike) Tarrh (1945-2004)
The Department is saddened to report the untimely passing of Senior Financial Examiner Mike Tarrh on February 2, 2004. Mike joined the Department in 1993 and was a faithful and dedicated examiner. Mike achieved the level of Senior Financial Examiner in 2002. Mike will be missed by the Department and financial institutions that he so diligently served.
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