Department of Banking and Finance bulletin, Sept. 30, 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/
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

5

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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