. . . .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) 1 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 2 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 3 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 4 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 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 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 6 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. 7 BACK TO TOP 8