Department of Banking and Finance bulletin, July 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
July 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 July 2004.
In This Issue:
Notice of Proposed Rulemaking and Opportunity to Comment: July 9, 2004 Approval of Incidental Powers Agencies Issue Bank Secrecy Act Examination Procedures Relating to Section 326 of the USA PATRIOT Act

1

APPLICATIONS FOR NEW FINANCIAL INSTITUTION

FINANCIAL INSTITUTION Hamilton State Bank 6323 Grand Hickory Drive, Suite 100-G Braselton, GA 30517 Gwinnett County

CAPITALIZATION APPROVAL DATE

$ 10,000,000

07-02-2004

BEGIN BUSINESS DATE

Georgia Trust Bank 2685 Mall of Georgia Boulevard Buford, GA 30519 Gwinnett County

$ 10,000,000

Pending

American United Bank 1800 Old Norcross Road Lawrenceville, GA 30045 Gwinnett County

$ 10,000,000

07-12-2004

Legacy State Bank 3825 Harrison Road Loganville, GA 30052 Gwinnett County

$ 10,000,000

Pending

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

$ 13,866,540

01-20-2004

07-12-2004

State Bank and Trust Company 321 Fullington Avenue Pinehurst, GA 31070 Dooly County

$ 7,000,000

Pending

Community Bank of Rockmart 1400 Nathan Dean Parkway Rockmart, GA 30153 Polk County
PREVIOUS NAME HeritageBank of the South

$ 6,000,000

Pending

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO HeritageBank of the South

APPROVAL DATE Pending

Albany, Dougherty County

EFFECTIVE DATE

The Gordon Bank

The Gordon Bank Gordon, Wilkinson County

06-23-2004

07-30-2004

2

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION SunTrust Bank Atlanta

BRANCH OFFICE Plaza Fiesta Branch Office 4166 Buford Highway Atlanta, GA 30345 DeKalb County

APPROVAL DATE
10-29-2003

BEGIN BUSINESS
DATE
07-12-2004

SunTrust Bank Atlanta

Waterview Town Centre Branch Office 111 Orville Road Baltimore, MD 21221 Baltimore County

07-19-2004

SunTrust Bank Atlanta

Kent Square Branch Office 220 South Main Street Blacksburg, VA 24060 Montgomery County

07-06-2004

SunTrust Bank Atlanta

Hiram/Paulding Branch Office Highway 278 and Highway 92 Hiram, GA 30141 Paulding County

07-13-2004

SunTrust Bank Atlanta

La Plata Safeway Branch Office 40 Shining Willow Way La Plata, MD 20646 Charles County

06-18-2004

07-14-2004

SunTrust Bank Atlanta

Downtown Lake Worth Branch Office One South Dixie Highway Lake Worth, FL 33460 Palm Beach County

07-29-2004

SunTrust Bank Atlanta

Wellington Mall Branch Office 10100 Forrest Hill Boulevard Wellington, FL 33414 Palm Beach County

07-29-2004

SunTrust Bank Atlanta

James Wood Branch Office 1738 Amherst Street Winchester, VA 22601 Frederick County

07-08-2004

3

FINANCIAL INSTITUTION Georgia Bank & Trust Company of Augusta Augusta
Hamilton State Bank (IO) Braselton
Georgia Trust Bank (IO) Buford
Decatur First Bank Decatur
Central Bank of Georgia Ellaville
Southern Community Bank Fayetteville
The Heritage Bank Hinesville
Heritage Bank Jonesboro

BRANCH OFFICE Cotton Exchange Branch Office 32 Eighth Street Augusta, GA 30901 Richmond County
Hall County Branch Office 441-A E. E. Butler Parkway Gainesville, GA 30501 Hall County
Kennesaw Branch Office 3401 George Busbee Parkway Kennesaw, GA 30144 Cobb County
Wal-Mart Store Branch Office #1340 5401 Fairington Road Lithonia, GA 30038 DeKalb County
Forsyth Road Branch Office 4070 Forsyth Road Macon, GA 31210 Bibb County
Kroger Store #420 Branch Office 3150 East Highway 34 Newnan, GA 30263 Coweta County
Truman Parkway Branch Office 1955 East Montgomery Crossroads Savannah, GA 31406 Chatham County
Eagles Landing Parkway Branch Office 1040 Eagles Landing Parkway Suite 100 Stockbridge, GA 30281 Henry County

APPROVAL DATE
07-29-2004

BEGIN BUSINESS
DATE

07-02-2004

Pending

02-19-2004

07-21-2004

07-20-2004

10-09-2003

07-12-2004

01-26-2004

07-21-2004

10-02-2003

07-21-2004

4

FINANCIAL INSTITUTION South Georgia Banking Company Omega

BRANCH OFFICE Tift Avenue Branch Office 2005 Tift Avenue Tifton, GA 31794 Tift County

APPROVAL DATE
06-20-2003

BEGIN BUSINESS
DATE
07-12-2004

State Bank and Trust Company (IO) Pinehurst

Unadilla Branch Office 2206 Pine Street Unadilla, GA 31091 Dooly County

Pending

The Park Avenue Bank Valdosta
FINANCIAL INSTITUTION SunTrust Bank Atlanta

Stockbridge Branch Office 500 Eagles Landing Parkway Stockbridge, GA 30281 Henry County

05-03-2004

07-01-2004

APPLICATIONS TO CHANGE LOCATION

CHANGE LOCATION OF Main Office Jacksonville From: 200 West Forsyth Street Jacksonville FL 32202 Duval County To: One Independent Drive Jacksonville FL 32202 Duval County

APPROVAL DATE EFFECTIVE DATE

04-29-2004

07-26-2004

Appalachian Community Bank Ellijay

From: To:

Office Relocation 2835 Scenic Drive Blue Ridge GA 30513 Fannin County 150 Orvin Lance Connector Blue Ridge GA 30513 Fannin County

06-14-2004

06-01-2004

PREVIOUS NAME United Commercial Bank Atlanta

NOTICE OF CHANGE IN NAME

NEW NAME Atlanta Business Bank

APPROVAL DATE 05-14-2004

EFFECTIVE DATE 07-01-2004

PROPOSED NAME CCBG Interim Bank

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY Laurens County

APPLICANT Mr. Geogory K. Bader Gusnster, Yoakley & Stewart, P. A.

Broward Financial Center

Fort Lauderdale, FL 33394

5

PROPOSED NAME First Heritage Bank

COUNTY Fulton County

APPLICANT Ms. Susan Berra Director of Banking CompuCredit Corporation 245 Perimeter Center Pkw, Ste 600 Atlanta, GA 30346

Retail Employees Credit Union

DeKalb County

Ms. Jeanne Kucey President/CEO Rich's Employees Credit Union 219 Perimeter Center Parkway, Ste 5 Atlanta, GA 30346

The Business Bank
FINANCIAL INSTITUTION (SURVIVOR) Bank of North Georgia Alpharetta

Forsyth County

Mr. Robert A. Calvert, Jr. Calvert Consulting Post Office Box 8 Alford, FL 32420

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION Mountain National Bank Tucker

APPROVAL EFFECTIVE

DATE

DATE

06-25-2004 07-19-2004

Bank of North Georgia Alpharetta

Charter Bank & Trust Co. Marietta

06-25-2004 07-19-2004

Gainesville Bank & Trust Gainesville

Lumpkin County Bank Dahlonega

Pending

Gainesville Bank & Trust Gainesville

Southern Heritage Bank Oakwood

Pending

Capital City Bank Tallahassee, FL

Farmers and Merchants Bank Dublin

Pending

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 PCNB Bancshares, Inc. Bremen, GA

Peoples Community National Bank (IO) Bremen, GA

Pending

ACQUISITIONS SunTrust Banks, Inc. Atlanta, GA

National Commerce Financial Corporation Memphis, TN

Pending

6

ACQUISITIONS ABC Bancorp Moultrie, GA

Citizens Bank Wakulla Crawfordville, FL

07-19-2004

Capital City Bank Group, Inc. Tallahassee, FL

CITY Norcross

Forest Park

Atlanta

*

Dalton

Conyers

Garden City

Norcross

*

East Point

*

Farmers and Merchants Bank Dublin, GA

CHECK CASHER LICENSES ISSUED

APPLICANT NAME C 2 C and Associates, LLC Check King, LLC Jun, Woong Ok Mondragon, Miguel Sanchez, Hypatia B. Surrette, Chong Ae Texmex Investments, LLC Weathers, Nick W., Jr.

TRADE NAME C 2 C and Associates Check King Seven to Seven Newsstand Abarrotes Emanuel #1 Musica y Video La Placita Garden City Package Shop Simpson Food Mart Track One Package Store

Pending

* =Registrant (O.C.G.A. 7-1-709)

MONEY TRANSMITTER
TelecommUSA, Ltd. Charlotte, NC

MONEY TRANSMITTER LICENSES ISSUED
APPROVAL DATE 07-13-2004

Tornado Bus Co. Dallas, TX

07-30-2004

Diaoune and Brothers, Inc. Doraville, GA

07-13-2004

Saigon Central Post, Inc. Westminster, CA

07-14-2004

NOTICES
NOTICE OF PROPOSED RULEMAKING AND OPPORTUNITY TO COMMENT: JULY 9, 2004
On July 9, 2004, the Department of Banking and Finance published a notice of proposed rulemaking to state its intent to adopt new and amended rules and to provide interested parties the opportunity to comment on the proposed rulemaking. A synopsis and purpose precedes each proposed rule, with background information and explanation where applicable. You may view or download a copy of the proposed rules from our website at: http://www.gadbf.org/docs/ProposedRegsAll792004.doc.

7

The proposed changes are in part responsive to law changes in the Department's Housekeeping Bill, Senate Bill 405, which was signed by the Governor on May 13, 2004, and effective on July 1, 2004. Comments to the Department of Banking and Finance must be received by August 23, 2004, at the close of business. Please send all comments to: David G. Sorrell, Commissioner, Georgia Department of Banking and Finance, 2990 Brandywine Road, Suite 200, Atlanta, GA 30341-5565 or by fax to (770) 986-1654 or 1655. The Department will consider the proposed new rules for adoption at a meeting at 10:00 a.m. on Monday, August 30, 2004 at the offices of the Department of Banking and Finance. Notice and a copy of the final rules adopted will be emailed to persons who have made a special request or are already on the Department's e-mail distribution list, and will be made available on our website at http://www.gadbf.org. Other interested parties may receive a copy of the final rule by contacting the Department at (770) 986-1633, after August 30, 2004.
APPROVAL OF INCIDENTAL POWERS
Pursuant to the incidental powers provisions of Georgia Code Section 7-1-261, Department Regulation Chapter 80-55, and two prior federal approvals of similar activity, on July 9, 2004, the Department approved a Georgia statechartered bank to offer and provide banking services to clients of an employee relocation service.
AGENCIES ISSUE BANK SECRECY ACT EXAMINATION PROCEDURES RELATING TO SECTION 326 OF THE USA PATRIOT ACT
On July 28, 2004, the federal financial institutions regulatory agencies issued Bank Secrecy Act (B.S.A.) procedures for examining each domestic and foreign banking organization's customer identification program (CIP) which is required by section 326 of the USA PATRIOT Act (codified in the B.S.A. at 31 U.S.C. 5318(l)). The procedures are designed to help financial institutions fully implement the new CIP requirements and facilitate a consistent supervisory approach among the federal financial institutions regulatory agencies. A copy of the Press Release can be found at: http://www.fdic.gov/news/news/press/2004/pr7904a.html
BACK TO TOP
8