Financial institutions today, Nov. 2012

Inside this issue:

2013 State

2

Holidays

Action on

3

Applications for

the Month of

November

DBF Outreach

3

and Speaking

Engagements

Customer Service 4 Stars for the
Month of
November

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

Monthly Bulletin #11

November 2012

Annual Assessment for State-Chartered Financial Institutions
The annual assessment fee letters will be e-mailed to banks and credit unions early in December, and the fees will be assessed on January 31, 2013.
Please complete and submit by December 31, 2012, the Electronic Funds Transfer Authorization/ACH Form for any change of information. The ACH Authorization and Instructions Form can be found on our website from the Banks & Holding Companies Banking Memos and Guidance page or from the Credit Unions CU Policy Statements and Guidance page.
Please e-mail or call Renee` Martin with any questions at rmartin@dbf.state.ga.us or 770-9861641.

Contact Information

5
2013 NCUA Assessment Projections

The NCUA Board established projections for the 2013 NCUSIF premium and the Stabilization Fund assessment at the November 15, 2012 meeting. The 2013 NCUSIF premium is expected to range between zero and 5 basis points, and the 2013 Stabilization Fund assessment is expected to range between 8 and 11 basis points.

Credit union managers are reminded that these assessments are not due until the NCUA Board approves the actual assessment. If a credit union begins accruing for the 2013 assessments based upon the projected levels, the accrual should begin no earlier than January 2013. Credit unions should not accrue 2013 assessments in 2012. These accruals should be reported in Other Member Insurance Expense on the Call Report Statement of Income and Expense until the NCUA Board approves the actual assessment.

Please refer to the following link to the NCUA's Board Action Bulletin dated November 15, 2012 for additional comments: http://www.ncua.gov/about/Pages/Board%20Actions/ BAB20121115.aspx

"Safeguarding Georgia's Financial Services"

Page 2

November 2012

2013 State Holidays

In accordance with O.C.G.A. 1-4-1, Governor Nathan Deal proclaimed the following dates in 2013 as public and legal state holidays when the Capitol and all State agencies will be closed:

Holiday Name
New Years Day 2013 Robert E. Lee's Birthday
Martin Luther King Jr.'s Birthday Washington's Birthday
Confederate Memorial Day Memorial Day Independence Day Labor Day Columbus Day Veterans' Day Thanksgiving Day
Christmas Day

Date Observed
January 1st Tuesday January 19th Saturday Will be observed on Friday, November 29th
January 21st Monday
February 18th - Monday Will be observed on Tuesday, December 24th
April 22nd Monday
May 27th Monday
July 4th Thursday September 2nd Monday
October 14th Monday November 11th Monday
November 28th Thursday Lee's Birthday will be observed on Friday, November 29th
December 25th Wednesday Washington's Birthday will be observed on Tuesday, December 24th

Georgia law allows a financial institution to be closed one day each week in addition to Sundays and holidays (O.C.G.A. 7 -1-110). Except in the case of an emergency closing, a financial institution must post a notice of intent to close at least 30 days in advance of the closure (O.C.G.A. 7-1-110.1).

DBF Holiday Hours
The offices of the Department of Banking and Finance will be closed on Monday, December 24th and Tuesday, December 25th in observance of State holidays. Our offices will also be closed on Tuesday, January 1st for New Year's Day.
The Department wishes you and your family a wonderful Holiday Season!!

November 2012

Page 3

Action on Applications for the Month of November:
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 November 2012.

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION Hamilton State Bank
Hoschton

BRANCH OFFICE Oakwood Branch Office 3607 Mundy Mill Road Oakwood, GA 30566 Hall County

APPROVAL 06-11-2012

State Bank and Trust Company Macon

Peachtree Road Branch Office 3399 Peachtree Road NE Suite 1100 Atlanta, GA 30326 Fulton County

11-13-2012

State Bank and Trust Company Macon

Tifton Branch Office 1495 Kennedy Road Tifton, GA 31794 Tift County

11-13-2012

BEGIN BUSINESS 11-13-2012

FINANCIAL INSTITUTION HeritageBank of the South Albany
Metro City Bank Doraville

APPLICATIONS TO CHANGE LOCATION
CHANGE LOCATION OF Valdosta Inner Perimeter Road Branch Office From: 3277 Inner Perimeter Road Valdosta, GA 31604 Lowndes County To: 3295 Inner Perimeter Road Valdosta, GA 31604 Lowndes County
Jimmy Carter Boulevard Branch Office From: 5495 Jimmy Carter Boulevard, Suite 167
Norcross, GA 30093 Gwinnett County To: 5385 Jimmy Carter Boulevard Norcross, GA 30093 Gwinnett County

APPROVAL EFFECTIVE 10-26-2012 11-30-2012
11-14-2012

DBF Outreach AND UPCOMING SPEAKING ENGAGEMENTS
Deputy Commissioner for Supervision Kevin Hagler met with a GBA Roundtable Group at the Idle Hour Country Club in
Macon on December 5th. Kevin also participated on a regulatory panel at the GBA Credit Conference at the Marriott Century Center, Atlanta on December 6th.

Page 4

CHECK CASHER LICENSES ISSUED

CITY College Park Savannah Austell Hapeville Savannah Savannah Marietta East Point Conley Reynolds Tallapoosa

APPLICANT NAME Anthony Bello * Ashirvad, Inc. CHLBN Enterprises, LLC City Food Market LLC * Gaul & Associates, LLC * Pritam Enterprises, LLC Pro Plus Financial Services LLC * Second Chance Rehabilitation Services LLC Short Trip, Inc. * Vansh Vidhi LLC * YUGJJ Inc.

TRADE NAME International Supermarket Nickle Pumper
City Food Market Shiv Discount Corner #2 Pritam BP Pro Plus Financial Services
Reynolds Liquor Cheap Tobacco

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

November 2012

MONEY TRANSMITTER
HD International Group, LLC Clarkston, GA
Beamit, Inc. Seattle, WA

MONEY TRANSMITTER LICENSES ISSUED APPROVAL 11-26-2012
11-02-2012

CUSTOMER SERVICE STAR FOR THE MONTH OF NOVEMBER
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 individual and/or team for going above and beyond in serving our customers:
Director of IT Denise Brown and Network and Information Security Administrator Felicia Hedgebeth The Department would like to thank Denise Brown and Felicia Hedgebeth for all of their efforts in making our Disaster Recovery Simulation work smoothly. Their many hours of preparation and work is noted and appreciated.
CONGRATULATIONS AND GREAT JOB TO THIS MONTH'S CUSTOMER SERVICE STARS!!

November 2012
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 5
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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