. . . .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, 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 September 2004.
IN THIS ISSUE: REQUEST FOR APPROVAL OF A BANK DIVIDEND APPROVAL OF INCIDENTAL POWERS
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APPLICATIONS FOR NEW FINANCIAL INSTITUTION
FINANCIAL INSTITUTION Hometown Community Bank Highway 53 at New Cut Road Braselton, GA 30517 Jackson County
CAPITALIZATION APPROVAL DATE
$ 7,500,000
Pending
BEGIN BUSINESS DATE
Hamilton State Bank 6323 Grand Hickory Drive, Suite 100-G Braselton, GA 30517 Gwinnett County
$ 13,217,500
07-02-2004
09-20-2004
Georgia Trust Bank 2725 Mall of Georgia Boulevard Buford, GA 30519 Gwinnett County
$ 10,000,000
Pending
First Madison Bank & Trust 5536 Georgia Highway 72 Colbert, GA 30628 Madison County
$ 6,000,000
Pending
Peach State Bank & Trust 325 Washington Street Gainesville, GA 30501 Hall County
$ 12,000,000
Pending
Legacy State Bank 3825 Harrison Road Loganville, GA 30052 Gwinnett County
$ 10,000,000
Pending
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
$ 6,000,000
09-15-2004
PREVIOUS NAME HeritageBank of the South
FINANCIAL INSTITUTION CONVERSIONS
CONVERTED TO HeritageBank of the South Albany Dougherty County
APPROVAL DATE 09-10-2004
EFFECTIVE DATE
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APPLICATIONS TO ESTABLISH A BRANCH OFFICE
FINANCIAL INSTITUTION Dorsey State Bank Abbeville
BRANCH OFFICE McDonough Branch Office Ga Highway 20 & Westridge Parkway McDonough, GA 30253 Henry County
APPROVAL DATE
Pending
BEGIN BUSINESS
DATE
SunTrust Bank Atlanta
Federal Hill Branch Office 1037-1039 Light Street Baltimore, MD 21230
09-07-2004
SunTrust Bank Atlanta
Hiram Pavilion Branch Office 42 Metro Mont Drive Hiram, GA 30141 Paulding County
07-13-2004 09-20-2004
SunTrust Bank Atlanta
Heathrow/46 A Branch Office 1100 Town Park Avenue Lake Mary, FL 32746 Seminole County
09-09-2004
SunTrust Bank Atlanta
Downtown Lake Worth Branch Office One South Dixie Highway Lake Worth, FL 33460 Palm Beach County
07-29-2004 09-20-2004
SunTrust Bank Atlanta
South Sebastian-Indian River Branch Office 9601 U.S. Highway One Sebastian, FL 32958 Indian River County
Pending
SunTrust Bank Atlanta
Wellington Mall Branch Office 10100 Forrest Hill Boulevard Wellington, FL 33414 Palm Beach County
07-29-2004 09-27-2004
SunTrust Bank Atlanta
Westminister Branch Office 700 Baltimore Boulevard Westminister, MD 21158 Carroll County
09-27-2004
Georgia Bank & Trust Company of Augusta Augusta
Cotton Exchange Branch Office 32 Eighth Street Augusta, GA 30901 Richmond County
07-29-2004 09-16-2004
Seasons Bank Blairsville
Blue Ridge Branch Office 2517 Appalachian Highway Blue Ridge, GA 30513 Fannin County
Pending
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FINANCIAL INSTITUTION Hamilton State Bank Braselton
Georgia Trust Bank Buford
Community Bank & Trust Cornelia
Decatur First Bank Decatur
The Heritage Bank Hinesville
McIntosh State Bank Jackson
Citizens State Bank Kingsland
The Peoples Bank Lithonia
Newnan Coweta Bank Newnan
State Bank and Trust Company Pinehurst
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BRANCH OFFICE 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
Winder Branch Office 4 Mimosa Street Winder, GA 30680 Barrow County
Lake Oconee Community Branch Office 1010 Park Place Boulevard Greensboro, GA 30642 Greene County
Altama Connector Branch Office 150 Altama Connector Brunswick, GA 31525 Glynn County
McDonough Branch Office 235 Keys Ferry Street McDonough, GA 30253 Henry County
Kings Bay Branch Office 120 Kings Bay Road St. Mary's, GA 31558 Camden County
Covington Branch Office 6124 Highway 278, SE Covington, GA 30016 Newton County
Lexington Circle Branch Office 107 Lexington Circle Peachtree City, GA 30269 Fayette County
Unadilla Branch Office 2206 Pine Street Unadilla, GA 31091 Dooly County
APPROVAL DATE
07-02-2004
BEGIN BUSINESS
DATE
09-20-2004
Pending
09-15-2004
09-30-2004
02-24-2004 09-07-2004
09-30-2004
09-16-2004
09-28-2004
09-14-2004
Pending
FINANCIAL INSTITUTION Farmers and Merchants Community Bank Senoia
BRANCH OFFICE White Oak Branch Office 1595 Highway 34 East Newnan, GA 30265 Coweta County
APPROVAL DATE
09-07-2004
BEGIN BUSINESS
DATE
FINANCIAL INSTITUTION SunTrust Bank Atlanta
APPLICATIONS TO CHANGE LOCATION
CHANGE LOCATION OF Chapman Highway Branch Office From: 7325 Chapman Highway Knoxville TN 37920 Knox County To: 7426 Chapman Highway Knoxville TN 37920 Knox County
APPROVAL DATE 09-07-2004
EFFECTIVE DATE
PREVIOUS NAME Rich's Employees Credit Union Atlanta
NOTICE OF CHANGE IN NAME
NEW NAME Retail Employees Credit Union
APPROVAL EFFECTIVE
DATE
DATE
09-08-2004 09-13-2004
Peoples Community Bank Colquitt
PCB, The Community Bank
Pending
PROPOSED NAME First Cornerstone Bank
APPLICATIONS FOR RESERVATION OF A NAME
COUNTY Cobb County
APPLICANT Mr. Kennerly Carroll Attorney at Law Miller & Martin PLLC 1170 Peachtee Street, NE, Suite 800 Atlanta, GA 30309-7649
True Bank
Fulton County
Mr. Vincent Terry, President National Minority Mortgage Bankers Association 234 Rosewood Way Atlanta, GA 30311
Vantage South Bank
Paulding County
Mr. Kennerly Carroll Attorney at Law Miller & Martin PLLC 1170 Peachtree Street, NE, Suite 800 Atlanta, GA 30309-7649
FINANCIAL INSTITUTION (SURVIVOR) Atlanta City Employees Credit Union
Atlanta
FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION Wheat Street Church Federal Credit Union Atlanta
APPROVAL EFFECTIVE
DATE
DATE
06-15-2004 09-01-2004
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FINANCIAL INSTITUTION (SURVIVOR) Atlanta Postal Credit Union
Atlanta
MERGED INSTITUTION #1 Federal Credit Union Jonesboro
APPROVAL EFFECTIVE
DATE
DATE
09-30-2004
United Community Bank Blairsville
Liberty National Bank Conyers
Pending
United Community Bank Blairsville
Eagle National Bank Stockbridge
Pending
Peoples Community Bank Colquitt
Peoples Community Bank Columbia, AL
Pending
Peoples Community Bank Colquitt
PCB, The Community Bank Malone, FL
Pending
Crescent Bank and Trust Company Jasper
Futurus Bank, N. A. Alpharetta
Pending
Georgia Guard Credit Union Macon
Engelhard Employees' Credit Union McIntyre
08-16-2004 09-15-2004
WellStar Credit Union Marietta
MedCom Federal Credit Union Decatur
Pending
Associated Credit Union Norcross
American Heritage Credit Union Ellenwood
Pending
First Capital Bank Norcross
Chattahoochee National Bank Alpharetta
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 PracticeBank Financial, Inc. Alpharetta, GA
Georgia Community Bank Dalton, GA
09-28-2004
FGBC Bancshares, Inc. Franklin, GA
1st Georgia Banking Company Franklin, GA
09-24-2004
Enterprise Banking Company, Inc. Stockbridge, GA
Dorsey State Bank Abbeville, GA
Pending
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ACQUISITIONS United Community Banks, Inc. Blairsville, GA
Liberty National Bank Conyers, GA
Pending
CITY Alpharetta Atlanta Atlanta Savannah Fort Valley Columbus Americus Duluth Gainesville Alpharetta Forest Park Atlanta Lawrenceville Forest Park Douglasville Atlanta
CHECK CASHER LICENSES ISSUED
APPLICANT NAME BLW Enterprises, Inc. * Chang K. Enterprises, Inc. * Chesterfield Finance of Georgia, Inc. Chu's Bay, Inc. * Dhinkar, Inc. Diamond Exchange, Inc. Dixon Financial Services First Express Corporation Huh, Daeyoung Imperial Liquor, Inc. Jong & Ine, Inc. * Parks Brothers Investment Co, Inc. Poul Enterprise, Inc. Saher Properties, Inc. Sakkar, Inc. * Time Finance, Inc.
TRADE NAME Top Shelf Liquors Bottle House Chesterfield Finance Chu's Bay Fort Valley Liquor & Smoke Shop U Need A Pawn Sumter Check Cashing and Title Pawn First Express H.J. Check Cashing North Bridge Bottle Shop Parkway Bottle Shoppe Northside Beer Wine and Grocery Poul Enterprise Conoco Chevron Time Finance
* =Exempt (O.C.G.A. 7-1-709)
MONEY TRANSMITTER
Interflorida Capital Corporation Guatemala City, Guatemala
MONEY TRANSMITTER LICENSES ISSUED
APPROVAL DATE 09-08-2004
Rico Credit, Inc. Winder, GA
09-30-2004
NOTICES
REQUEST FOR APPROVAL OF A BANK DIVIDEND
The Department recently posted an updated bank dividend approval form (19-29) on our website. Some banks are still using the prior version. We ask that all banks discard the older dividend approval form and use the current version (revised July 2004). The direct link to the new Form 19-29 is: http://www.ganet.org/dbf/pdfdoc/div_1929.pdf
The form can also be accessed at www.gadbf.org, select Forms and Applications, select Bank-Related, cursor down under Department Applications/Forms to Form 19-29.
APPROVAL OF INCIDENTAL POWERS
Pursuant to the incidental powers provision of Georgia Code Section 7-1-261, Department Regulation Chapter 80-55, and a prior federal approval of similar activity, on September 17, 2004, the Department approved a Georgia statechartered bank to operate a printing business for its own and affiliates' use and to offer such services to other financial institutions.
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