Financial institutions today, Mar. 2010

Inside this issue:

Customer Service

2

Stars for the Month

of March

Action on

3

Applications for the

Month of March

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

Monthly Bulletin #3

March 2010

Federal Banking Agencies Issue Policy Statement on Funding and Liquidity Risk Management
On March 17, 2010, the federal banking agencies (which includes the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, and the National Credit Union Administration), in conjunction with the Conference of State Bank Supervisors, released a policy statement outlining their expectations for sound funding and liquidity risk management practices.
The policy statement reiterates the importance of effective liquidity risk management for the safety and soundness of financial institutions. It also emphasizes the importance of cash flow projections, diversified funding sources, stress testing, a cushion of liquid assets, and a formal, well-developed contingency funding plan as primary tools for measuring and managing liquidity risk. The agencies expect each financial institution to manage funding and liquidity risk using processes and systems that are commensurate with the institution's complexity, risk profile, and scope of operations.
The Interagency Policy Statement can be found at: Interagency Policy Statement on Funding and Liquidity Risk Management - PDF

DBF Outreach AND UPCOMING SPEAKING ENGAGEMENTS
Commissioner Braswell will be participating on a Regulatory Panel at the CBA Regional Lunch Meetings on
April 13th (Gainesville) and 15th (Forsyth). Senior Deputy Commissioner George Reynolds will also be participating on a Regulatory Panel at the CBA Regional Lunch Meetings on April 20th (Americus) and 22nd (Statesboro).
Deputy Commissioner for Supervision Kevin Hagler will be participating on a regulatory panel on April 21st
at the monthly meeting of the Atlanta Chapter of the Risk Management Association, which is held at The Georgian Club in the Galleria.
District Director Heather Sartain will be speaking at the CBA Basic BSA School on April 29th at the Hilton
Atlanta/Marietta Hotel and Conference Center, Marietta, Georgia.
"Safeguarding Georgia's Financial Services"

Page 2
CUSTOMER SERVICE STARS FOR THE MONTH OF MARCH
It is the Department's goal to provide excellent customer service by meeting and exceeding the expectations of our customers. Along those lines, we would like to recognize the following individuals and teams for going above and beyond in serving our customers: Supervisory Manager Janet Anderson, Senior Financial Examiner Bob Bauguss, and Non-Depository Financial Institutions Division (Mortgage Section) staff - The Department received the following comments from a customer stating: "By the way, Bob Bauguss has been extraordinary in his assistance. He answered an e-mail I sent him Friday at 8am Sunday morning. It is mind boggling how wonderful your department has been through all this. Every last one of you needs to be commended for the work you have been doing during the MLO licensing process. Thank you so much for all your help getting us through this." Applications Analyst Susan Nelson (NDFI -MSBs) - The Department received a letter from a customer stating: "I wanted to let you know that my secretary and I recently had the pleasure of dealing with Susan Nelson in your office. I had a client who needed a check cashing license and, in that regard, we contacted your office and were fortunate enough to be directed to Susan Nelson. Ms. Nelson was very professional in her assistance to us. As a retired district attorney, I am pleased that the State of Georgia has such dedicated and capable employees. We thank your office and particularly Ms. Nelson for the assistance in this matter."
CONGRATULATIONS AND GREAT JOB TO THIS MONTH'S CUSTOMER SERVICE STARS!!
OFFICE CLOSING This is a reminder that the Department will be closed on
Monday, April 26th for Confederate Memorial Day.

Page 3
Action on Applications for the Month of March:
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 March 2010.

PREVIOUS NAME Columbus Bank and Trust Company

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO
CB&T, N.A.
Columbus Muscogee County

APPROVAL Withdrawn 03-11-2010

EFFECTIVE

FINANCIAL INSTITUTION HeritageBank of the South Albany
HeritageBank of the South Albany
HeritageBank of the South Albany
HeritageBank of the South Albany
HeritageBank of the South Albany
SunTrust Bank Atlanta
Independence Bank of Georgia Braselton
PeoplesSouth Bank Colquitt

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE Adel Branch Office 301 West Fourth Street Adel, GA 31620 Cook County

APPROVAL Pending

Baxley Branch Office
198 East Parker Street Baxley, GA 31513
Appling County

Pending

Hazlehurst Branch Office
22 East Jarman Street
Hazlehurst, GA 31539 Jeff Davis County

Pending

Northside Drive Branch Office
726 Northside Drive
Statesboro, GA 30458 Bulloch County

Pending

Statesboro Branch Office 335 South Main Street
Statesboro, GA 30459
Bulloch County

Pending

Sam Rittenberg Boulevard Branch Office
1923 Sam Rittenberg Boulevard Charleston, SC 29407
Charleston County

12-11-2009

Gainesville Branch Office
311 Green Street
Gainesville, GA 30501 Hall County

03-08-2010

Lynn Haven Branch Office 2606 South Highway 77
Lynn Haven, FL 32444
Bay County

Pending

BEGIN BUSINESS 03-08-2010

Page 4

FINANCIAL INSTITUTION PeoplesSouth Bank Colquitt
PeoplesSouth Bank Colquitt
PeoplesSouth Bank Colquitt
Glennville Bank Glennville
Southern Bank Sardis

BRANCH OFFICE 23rd Street Branch Office 450 23rd Street East Panama City, FL 32405 Bay County
South Tyndall Parkway Branch Office 805 South Tyndall Parkway Panama City, FL 32404 Bay County
Panama City Beach Branch Office 11790 Panama City Beach Parkway Panama City Beach, FL 32407 Bay County
Reidsville Branch Office 246 South Main Street, Suite F Reidsville, GA 30453 Tattnall County
Gibson Branch Office 21 College Street Gibson, GA 30810 Glascock County

APPROVAL Pending

BEGIN BUSINESS

Pending

Pending

01-12-2010

03-10-2010

Pending

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION

Ameris Bank

Moultrie

From:

To:

CHANGE LOCATION OF Lawrenceville Branch Office 1888 Old Norcross Road Lawrenceville GA 30044 Gwinnett County 1846 Old Norcross Road, Suite 200 Lawrenceville GA 30044 Gwinnett County

APPROVAL 03-23-2010

EFFECTIVE

PREVIOUS NAME Bank of Upson Thomaston
Columbus Bank and Trust Company Columbus

NOTICE OF CHANGE IN NAME

NEW NAME SouthCrest Bank

APPROVAL Pending

EFFECTIVE

Synovus Bank

Pending

PROPOSED NAME Atfinity Bank

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY Fulton County

APPLICANT Mr. Edward J. Cooney, President
Atlanta Business Bank
5660 New Northside Drive NW, Suite 200 Atlanta, GA 30328

PROPOSED NAME Sunrise Bank

COUNTY Lowndes County

Synovus Bank

Muscogee County

Tippins Bank

Evans County

Page 5
APPLICANT Mr. Joseph D. Reid, III Capitol Bancorp Limited Capitol Bancorp Center, 200 Washington Square North Lansing, MI 48933
Mr. Samuel F. Hatcher Office of the General Counsel Synovus Financial Corp 1111 Bay Avenue, Suite 500 Columbus, GA 31901
Mr. Tracy M. Durrence GB Bank Group, Inc. 102 E. Barnard Street Glennville, GA 30427-0278

FINANCIAL INSTITUTION (SURVIVOR) Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA
Columbus Bank and Trust Company Columbus, GA

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION The Coastal Bank of Georgia Brunswick, GA
Bank of North Georgia Alpharetta, GA
The National Bank of South Carolina Sumter, SC
First Commercial Bank Birmingham, AL
Coastal Bank and Trust of Florida Pensacola, FL
AFB&T Athens, GA
Synovus Bank Saint Petersburg, FL
Sea Island Bank Statesboro, GA
First Commercial Bank of Huntsville Huntsville, AL
Sterling Bank Montgomery, AL
SB&T Bank Albany, GA
The First National Bank of Jasper Jasper, AL

APPROVAL EFFECTIVE Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending Pending

Page 6

FINANCIAL INSTITUTION
(SURVIVOR) Columbus Bank and Trust Company Columbus, GA

MERGED INSTITUTION
Commercial Bank Thomasville, GA

APPROVAL Pending

Columbus Bank and Trust Company Columbus, GA

First State Bank and Trust Company of Valdosta Valdosta, GA

Pending

Columbus Bank and Trust Company Columbus, GA

Tallahassee State Bank Tallahassee, FL

Pending

Columbus Bank and Trust Company Columbus, GA

Synovus Bank of Jacksonville Jacksonville, FL

Pending

Columbus Bank and Trust Company Columbus, GA

First Coast Community Bank Fernandina Beach, FL

Pending

Columbus Bank and Trust Company Columbus, GA

CB&T Bank of East Alabama Phenix City, AL

Pending

Columbus Bank and Trust Company Columbus, GA

Commercial Bank & Trust Company of Troup County Pending LaGrange, GA

Columbus Bank and Trust Company Columbus, GA

Bank of Coweta Newnan, GA

Pending

Columbus Bank and Trust Company Columbus, GA

Community Bank and Trust of Southeast Alabama Dothan, AL

Pending

Columbus Bank and Trust Company Columbus, GA

First Community Bank of Tifton Tifton, GA

Pending

Columbus Bank and Trust Company Columbus, GA

Citizens First Bank Rome, GA

Pending

Columbus Bank and Trust Company Columbus, GA

Cohutta Banking Company Chattanooga, TN

Pending

Columbus Bank and Trust Company Columbus, GA

Georgia Bank & Trust Calhoun, GA

Pending

Columbus Bank and Trust Company Columbus, GA

The Bank of Tuscaloosa Tuscaloosa, AL

Pending

Columbus Bank and Trust Company Columbus, GA

CB&T Bank of Middle Georgia Warner Robins, GA

Pending

CB&T, N.A. (fka Columbus Bank and Trust Company) Columbus, GA

CB&T Bank of Middle Georgia Warner Robins, GA

Withdrawn 03-11-2010

CB&T, N.A.
(fka Columbus Bank and Trust Company) Columbus, GA

Commercial Bank & Trust Company of Troup County Withdrawn

LaGrange, GA

03-11-2010

First Choice Community Bank Dallas, GA

First Choice Community Bank 1874 Newnan, GA

02-24-2010

Bank of Upson Thomaston, GA

The First National Bank of Polk County Cedartown, GA

Pending

EFFECTIVE 03-26-2010

FINANCIAL INSTITUTION (SURVIVOR) Bank of Upson Thomaston, GA
Bank of Upson Thomaston, GA
Powerco Federal Credit Union Atlanta
Memorial Health Credit Union Savannah

MERGED INSTITUTION Bank of Chickamauga Chickamauga, GA
Peachtree Bank Maplesville, AL
Georgia Power Northeast Credit Union Athens
Coastal Georgia Federal Credit Union Savannah

Page 7

APPROVAL Pending

EFFECTIVE

Pending

11-16-2009

01-31-2010

11-30-2009

01-31-2010

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

FORMATIONS ONLY

BANK HOLDING COMPANY State Bank Financial Corporation Atlanta, GA

TO ACQUIRE State Bank and Trust Company Pinehurst, GA

APPROVAL Pending

CREDIT UNION North Georgia Credit Union Toccoa
Five Star Credit Union Dothan, AL
Georgia's Own Credit Union Atlanta

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

RESIDENTIAL GROUP COMMON BOND Hart County, GA

APPROVAL 03-04-2010

Grady County, GA

03-19-2010

Columbia County, GA

03-30-2010

Page 8

CHECK CASHER LICENSES ISSUED

CITY Macon
Ringgold
Calhoun Griffin
LaGrange
Warner Robins Jasper
Cordele
Vidalia Macon
Guyton
Norcross Jesup
Valdosta
Cartersville

APPLICANT NAME * 52 Mini Mart, Inc.
Cochran's Auto Truckstop, Inc.
* Elena Beauty Salon, Inc. * Hee Kyu Yi
Jai Omkara, LLC
* Khodal Krupa, Inc. National Title Pawn of Jasper, Inc.
* Premier Beverage, Inc.
Purusharth, Inc. Ricky A. Hulett
Rinku Convenience, Inc.
Sai Holding, Inc. Sailor Pawn, Inc.
* Shivsahil Corporation
T&C Southern Ventures, Inc.

TRADE NAME 52 MINI MART
Elena's Beauty Salon Junior Supermarket PCA Food Store All American Liquor National Title Pawn of Jasper Party Shoppe Main Street Grocery Southside Loan & Pawn
Citgo Food Mart Mr. Cash Stop-n-Go Toad's Beverage Company

* =Registered (O.C.G.A. 7-1-700 et al)

MONEY TRANSMITTER
Thinking Minds, Inc. Marietta, GA
Western Africa Corp Newark, NJ

MONEY TRANSMITTER LICENSES ISSUED APPROVAL 03-03-2010
03-10-2010

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/processors, lenders and loan originators, 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.

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