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. We're on the Web! Visit our website at: dbf.georgia.gov 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, send an e-mail to dbfpress@dbf.state.ga.us stating your name and e-mail address. Please be sure to include "Subscribe to Financial Institutions Bulletin" in the Subject line.