Financial institutions today, Dec. 2007

Inside this issue:

Georgia Banking

2

Laws & Commercial

Code Book--2007

Edition

2007 HMDA

2

Reporting Reminder

Action on

3

Applications for the

Month of December

DBF's Customer

8

Service Stars for the

Month of December

News and topics of interest to financial institutions regulated by the Department of Banking and Finance

Monthly Bulletin #12

December 2007

Georgia Residential Mortgage Act (GRMA) - $6.50 Fee Reminder
The $6.50 per loan fees required by O.C.G.A. Section 7-1-1011(b)(2) and Department Rule 80-5-1-.04 are due no later than March 3, 2008 for residential mortgage loans closed during the period July 1, 2007 through December 31, 2007. The $6.50 fee is due if the loan is a residential mortgage loan as defined in the Georgia Residential Mortgage Act (GRMA), and if a security deed, a modification of a security deed or other form of modification of a security interest is recorded.

The Department recently initiated a new notification procedure, beginning with the fees due for the current period. Financial institutions and mortgage licensees and registrants who act as the collecting agent (including brokers who table fund and collect the fee) are now notified by e-mail only regarding the $6.50 fee payment and information regarding accessing the online fee payment system. This e-mail has been sent to the primary contact for the financial institution or mortgage licensee or registrant, according to the Department's records. Those owing fees may pay online from our secure website at: https://bkgfin.dbf.state.ga.us/GRMAFee.html.

Institutions that are not in our database and cannot access the online system will be able to download a form from the URL noted above.

FFIEC Issues Pandemic Guidance
The Federal Financial Institutions Examination Council (FFIEC) recently issued guidance for financial institutions to use in identifying continuity planning to minimize the potential adverse effects of a pandemic. This guidance expands upon an interagency advisory on influenza pandemic preparedness issued in March 2006. Experts believe the most significant challenge may be the staffing shortages that could occur in a pandemic outbreak. Business continuity planning should include: a preventive program to reduce the likelihood an institution's operation will be significantly affected by a pandemic event; a documented strategy that provides for scaling pandemic efforts commensurate with the particular stages of a pandemic outbreak; a comprehensive framework of facilities, systems, or procedures to continue critical operations if large numbers of staff members are unavailable for prolonged periods; a testing program to ensure the institution's pandemic planning practices and capabilities are effective and will allow critical operations to continue; and an oversight program to ensure ongoing review and updates to the pandemic plan. The FFIEC guidance can be found at: http://www.ffiec.gov/press/ pandemicguidance.pdf
"Safeguarding Georgia's Financial Services"

Page 2
Georgia Banking Laws & Commercial Code Book--2007 Edition
The Georgia Bankers Association (GBA) is the official provider of the annual update of the Georgia Banking Laws published by LexisNexis. The book contains all changes in state banking law (Title 7 of the Official Code of Georgia), Department of Banking and Finance rules and the Uniform Commercial Code.
GBA Members may order online at: http://www.gabankers.com/Services/Marketing/lawcodeorderform.htm Non-members may download an order form at: http://www.gabankers.com/Services/ProductOrderForm.pdf
Please contact Kenyetta Parks with GBA at the phone number or e-mail address below if you have any questions about GBA's product offerings.
Kenyetta Parks, Georgia Bankers Association, kparks@gabankers.com, Direct phone: (404) 420-2035 www.gabankers.com

REMINDER: Have you updated your institution's emergency contact information lately?
The Department has a secure, online system to capture and collect emergency contact information for state-chartered financial institutions. Our emergency contact information system is part of an interagency initiative to ensure that regulatory agencies, both state and federal, have an effective system for communicating and coordinating efforts in the event of a disaster that impacts our financial institutions and their ability to provide financial services to their customers.
If your emergency contact information has recently changed, or you have not submitted it to us through the online system, go to our website and click on the Update Emergency Contact Information link in the Related Links section from the appropriate entity page (Banks & Holding Companies or Credit Unions). This link will open a secure webpage where you will enter your login information. If you have forgotten your login username or password, please contact Carol Webb @ (770) 986-1386 or via e-mail at webbc@dbf.state.ga.us.

2007 HMDA Reporting Reminder

"A Guide to HMDA Reporting: Getting It Right!" which provides guidance on collection and reporting of HMDA data is available at: http://www.ffiec.gov/hmda/guide.htm

Reports of calendar year 2007 HMDA data are due March 1, 2008. Any questions or requests for information should be directed to:

Assistance Line:

(202) 452-2016

Internet E-Mail Address: hmdahelp@frb.gov

Page 3
Action on Applications for the Month of December:
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 December 2007.

APPLICATIONS FOR NEW FINANCIAL INSTITUTION

FINANCIAL INSTITUTION Resurgens Bank 2300 Henderson Mill Road Atlanta, GA 30345 DeKalb County

CAPITALIZATION APPROVAL

$ 12,250,000

Pending

Security Bank of the Coast 103 Scranton Connector Brunswick, GA 31525 Glynn County

$ 14,000,000

06-18-2007

NOA Bank 3805 Buford Highway Duluth, GA 30096 Gwinnett County

$ 15,000,000

12-18-2007

Chattahoochee Bank of Georgia 643 E E Butler Parkway Gainesville, GA 30501 Hall County

$ 20,000,000

Pending

Milltown Banking Company 305 East Main Street Lakeland, GA 31635 Lanier County

$ 10,000,000

Pending

Regional Bank of Middle Georgia 2815 Pio Nono Avenue Macon, GA 31206 Bibb County

$ 8,000,000

Pending

American Pride Bank 4740 Log Cabin Drive Macon, GA 31204 Bibb County

$ 26,080,000

06-08-2007

BEGIN BUSINESS Withdrawn 12-05-2007
12-12-2007

FINANCIAL INSTITUTION Bank of North Georgia Alpharetta

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE Suwanee Branch Office 3640 Peachtree Parkway Suwanee, GA 30024 Forsyth County

APPROVAL 12-17-2007

BEGIN BUSINESS

Page 4
FINANCIAL INSTITUTION Providence Bank Alpharetta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
SunTrust Bank Atlanta
First Choice Community Bank Dallas
Global Commerce Bank Doraville

BRANCH OFFICE Canton Branch Office 140 Riverstone Parkway Canton, GA 30114 Cherokee County

APPROVAL 12-26-2007

East Clermont Branch Office 2615 E Highway 50 Clermont, FL 34711 Lake County

12-26-2007

Cannon Crossroads Branch Office 9920 Poplar Tent Road Concord, NC 28026 Cabarrus County

12-17-2007

Gulf Coast Town Center Branch Office 17100 Ben Hill Griffin Parkway Fort Myers, FL 33913 Lee County

Pending

Southpoint Branch Office 10000 Southpoint Parkway Fredericksburg, VA 22407 Spotsylvania County

Pending

Beacon Woods Wal-Mart Branch Office 12610 US Highway 19 Hudson, FL 34667 Pasco County

12-26-2007

Forest Lake Branch Office 16720 SW 88th Street Miami, FL 33196 Miami-Dade County

Pending

North Lauderdale Wal-Mart Branch Office 7300 W McNab Road North Lauderdale, FL 33068 Broward County

Pending

Spring Hill Village Branch Office 4929 Main Street Spring Hill, TN 37174 Williamson County

12-26-2007

West Metro Branch Office 68 First National Drive Dallas, GA 30157 Paulding County

11-29-2007

Johns Creek Branch Office 10900 Medlock Bridge Road, Suite 102 Johns Creek, GA 30097 Fulton County

08-28-2007

BEGIN BUSINESS 12-28-2007
12-07-2007 12-05-2007

FINANCIAL INSTITUTION Central Bank of Georgia Ellaville
Northeast Georgia Bank Lavonia
Atlantic Southern Bank Macon
Ameris Bank Moultrie
Ameris Bank Moultrie
Ameris Bank Moultrie
Ameris Bank Moultrie
Carver State Bank Savannah
First Choice Community Bank 1874 Senoia

BRANCH OFFICE Cusseta Branch Office 377 Broad Street Cusseta, GA 31805 Chattahoochee County
Jefferson Branch Office 1775 Old Pendergrass Road Jefferson, GA 30549 Jackson County
Valdosta Branch Office 460 Norman Drive Valdosta, GA 31601 Lowndes County
Magnolia Road Branch Office 108 Magnolia Road Charleston, SC 29407 Charleston County
Savannah Highway Branch Office 834 Savannah Highway Charleston, SC 29407 Charleston County
Lexington Branch Office 5175 Sunset Boulevard, Suite C Lexington, SC 29072 Lexington County
Tallahassee Branch Office 1989 Capital Circle NE Tallahassee, FL 32308 Leon County
Skidaway Branch Office 7110 Skidaway Road Savannah, GA 31405 Chatham County
Douglasville Branch Office 6559 East Church Street Douglasville, GA 30134 Douglas County

Page 5

APPROVAL 12-07-2007

BEGIN BUSINESS

04-04-2007

12-10-2007

12-17-2007

Pending

Pending

Pending

08-13-2007

12-17-2007

12-19-2006

12-11-2007

11-29-2007

12-07-2007

FINANCIAL INSTITUTION SunTrust Bank Atlanta

APPLICATIONS TO CHANGE LOCATION

From: To:

CHANGE LOCATION OF Nashville Main Branch Office 201 Fourth Avenue Nashville TN 37219 Davidson County 401 Commerce Street Nashville TN 37219 Davidson County

APPROVAL EFFECTIVE 12-21-2007

Page 6
FINANCIAL INSTITUTION The Park Avenue Bank Valdosta

From: To:

CHANGE LOCATION OF Stockbridge Branch Office 500 Eagles Landing Parkway Stockbridge GA 30281 Henry County 1040 Eagles Landing Parkway Stockbridge GA 30281 Henry County

APPROVAL EFFECTIVE 12-03-2007

FINANCIAL INSTITUTION (SURVIVOR) The Buckhead Community Bank Atlanta, GA
United Community Bank Blairsville, GA

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION First National Bank of Forsyth County Cumming, GA
United Community Bank Murphy, NC

APPROVAL EFFECTIVE 12-03-2007 12-04-2007
12-19-2007

APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION

BANK HOLDING COMPANY

TO ACQUIRE

APPROVAL

FORMATIONS Perimeter First Bancshares, Inc. Alpharetta, GA

Perimeter First Bank (FSB, IO) Alpharetta, GA

Pending

Metro Bancshares, Inc. Douglasville, GA

Metro Bank (IO) Douglasville, GA

12-13-2007

SEB Bancorp, Inc. Marietta, GA

Security Exchange Bank Marietta, GA

Pending

Touchstone Bancshares, Inc. Norcross, GA

Touchstone National Bank (IO) Duluth, GA

12-05-2007

Satilla Bankcorp, Inc. St. Marys, GA

Satilla Community Bank St. Marys, GA

Pending

ACQUISITIONS SunTrust Banks, Inc. Atlanta, GA

GB&T Bancshares, Inc. Gainesville, GA

Pending

RBC Centura Banks, Inc. Raleigh, NC

The Peachtree Bank Duluth, GA

Pending

RBC Centura Banks, Inc. Raleigh, NC

Georgia State Bank Mableton, GA

Pending

Page 7

NOTIFICATION OF APPROVAL OF APPLICATION TO SERVE A RESIDENTIAL GROUP COMMON BOND

CREDIT UNION Delta Community Credit Union Atlanta

RESIDENTIAL GROUP COMMON BOND Forsyth County, GA

APPROVAL 12-07-2007

CHECK CASHER LICENSES ISSUED

CITY Canton Calhoun Carrollton Warner Robins Macon Cartersville Acworth McIntyre Lavonia Odum Decatur Atlanta Fayetteville

APPLICANT NAME * A&A Business, Inc. * Aaron, Roy Thomas
Cash All Time, Inc. Dhanveer, Inc. Dheeraj, Inc. * Hamani Enterprises, Inc. Heta, Inc. Jin Ha, Inc. * Katcon, Inc. * Kush Trading, Inc. * Pak International, Inc. SW Kim, Inc. * Simren, Inc.

TRADE NAME Quick Pick South 41 Package Cash All Time Friendly Food First Midway Package Short N Easy Citgo Food Mart Main Street Market Downtown Beverage Odum General Store Dee's Package Store Hardy's Supermarket Cobblestone BP

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

MONEY TRANSMITTER
Wall Street Finance, LLC Jackson Heights, NY
nFinanSe Payments, Inc. Tampa, FL

MONEY TRANSMITTER LICENSES ISSUED APPROVAL 12-11-2007
12-17-2007

Page 8

DBF's Customer Service Stars for the Month of December

It is the Department's goal to provide excellent customer service, meeting and exceeding the expectations of our customers. Along those lines, we would like to recognize the following individuals for going above and beyond in serving our customers:
Daisy Mitchell, Supervisory Examiner & Larry Moody, Financial Examiner (District 1): The Department received comments from a customer stating: "The staff and board wishes to commend Larry Moody and Daisy Mitchell for the outstanding job they did during the last exam. They were courteous and helpful, while giving us a thorough review. We very much appreciate their professional attitude and their willingness to help us resolve our difficult merger issues. We thank the Department for all the guidance offered during the previous year."
Susan Nelson, Applications Analyst (NDFI--Main Office) and the MSB Staff: The Department received comments from a customer stating: "This was the fastest processing time of any state I have ever worked with - means the Department is extraordinarily organized, efficient and professional. Excellent staff receptiveness prior to application. The process was so smooth and professional, I would be happy to be a reference."
Deborah Long, Assistant Review Examiner (NDFI--Main Office): The Department received comments from a customer stating: "My overall quality of service rating is based on my experience with Deborah Long, whom I spoke to a couple of times regarding my application. She returned my calls promptly, was pleasant and very professional. She answered my questions in simple ways that made me comfortable."

CONGRATULATIONS AND GREAT JOB TO THIS MONTH'S CUSTOMER SERVICE STARS!!

GEORGIA
DEPARTMENT OF BANKING AND FINANCE
2990 Brandywine Road Suite 200
Atlanta, Georgia 30341-5565
Phone: (770) 986-1633 Fax: (770) 986-1654 or 1655 Email: dbfpress@dbf.state.ga.us

Page 9
The Department is the state agency that regulates and examines banks, credit unions, and trust companies chartered by the State of Georgia. The Department also has regulatory and/or licensing authority over mortgage brokers, lenders, and processors, money service businesses, international banking organizations, and bank holding companies conducting business in Georgia.
Our Mission is to promote safe, sound, competitive financial services in Georgia through innovative, responsive regulation and supervision.
Our Vision is to be the best financial services industry regulator in the country Progressive. Proactive. Service-Oriented.

We're on the Web!
Visit our website at: dbf.georgia.gov

2008 State Holidays

Holiday:
New Year's Day Robert E. Lee's Birthday Martin Luther King Jr. Day Washington's Birthday Confederate Memorial Day Memorial Day Independence Day Labor Day Columbus Day Veterans' Day Thanksgiving Day Christmas Day

Observed:
Tuesday, January 1 Saturday, January 19 - will be observed on Friday, November 28 Monday, January 21 Monday, February 18 - will be observed on Friday, December 26 Monday, April 28 Monday, May 26 Friday, July 4 Monday, September 1 Monday, October 13 Tuesday, November 11 Thursday, November 27 Thursday, December 25

Sign-up to Receive this Publication:
This publication is delivered to interested parties via e-mail and is also available from the Department's website at: http://dbf.georgia.gov under Publications, Financial Institutions Bulletin. If you would like to be added to our distribution list, please send an e-mail to dbfpress@dbf.state.ga.us and indicate your name and the company or institution you are with.
"Safeguarding Georgia's Financial Services"