Financial institutions today, Aug. 2012

Inside this issue:
Customer Service 2 Stars for the Month of August

Action on

3

Applications for

the Month of

August

Contact

5

Information

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

Monthly Bulletin #8

August 2012

Department Issues Proposed Rulemaking and Provides Opportunity to Comment
On August 14, 2012, pursuant to the provisions of the Georgia Administrative Procedures Act, Official Code of Georgia Annotated (O.C.G.A.) Chapter 50-13 and by authority of O.C.G.A. 71-61, O.C.G.A. 7-1-663; O.C.G.A. 7-1-1012, and other cited statutes, the Georgia Department of Banking and Finance (Department) gave notice of its intent to adopt new and amended rules.
The proposed changes are in part responsive to law changes during the 2012 legislative session. Comments to the Department must be received by the close of business Monday, September 17, 2012.
You may view or download the Proposed Rules from our website under Related Files on the Laws and Regulations page (http://dbf.georgia.gov/laws-and-regulations) or directly from http://dbf.georgia.gov/sites/dbf.georgia.gov/files/related_files/site_page/ DBFProposedRulemaking_8-14-2012.pdf

DBF Outreach AND UPCOMING SPEAKING ENGAGEMENTS
Commissioner Braswell will be speaking at the Georgia Bankers Association's Bank Counsel
Conference on October 2nd at the Ritz Carlton, Greensboro, GA.
"Safeguarding Georgia's Financial Services"

Page 2

August 2012

CUSTOMER SERVICE STARS FOR THE MONTH OF AUGUST
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:
Financial Examiner Ryan Baker (District 1) and his examination team The Department received comments from a customer stating: "Ryan Baker did an outstanding job of communicating with management and leading his exam team. They were professional and most importantly, we felt they really listened to us. They asked great questions about our bank and seemed to be genuinely interested in our bank which was a refreshing experience."
Senior Financial Examiner Candice Daniel (District 2) and her examination team The Department received comments from a customer stating: "We want to thank you and Ms. Daniel, and the examination team, for the professional manner in which the examination was conducted and for the constructive comments. We look forward to working with you in the future."
Supervisory Examiner Joyce Jones (District 5) The Department received comments from a customer stating: "I want to let you know how professional Joyce Jones has been to date. She has asked questions and communicated in a manner I think will be beneficial to both of us as it relates to the flow of the exam process."

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

HOLIDAY CLOSING
This is a reminder that the Department will be closed on Monday, October 8th for Columbus Day.

August 2012

Page 3

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

FINANCIAL INSTITUTION HeritageBank of the South Albany
Georgia Commerce Bank Atlanta
Ameris Bank Moultrie

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE Macon Branch Office 4961 Forsyth Road Macon, GA 31210 Bibb County

APPROVAL 06-20-2012

Norcross Branch Office 200 Scientific Drive Norcross, GA 30092 Gwinnett County

05-03-2012

Downtown Tallahassee Branch Office 150 South Monroe Street Suites 100 & 200 Tallahassee, FL 32301 Leon County

Pending

BEGIN BUSINESS 08-20-2012
07-22-2012

PREVIOUS NAME Bank of Upson
Thomaston

NOTICE OF CHANGE IN NAME
NEW NAME SouthCrest Bank

APPROVAL 08-07-2012

EFFECTIVE 08-27-2012

FINANCIAL INSTITUTION (SURVIVOR) Atlanta Postal Credit Union Atlanta, GA
CGR Credit Union Macon, GA

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION Smith & Sons Employees Credit Union Macon, GA
Central State Hospital Credit Union Milledgeville, GA

APPROVAL 08-08-2012

EFFECTIVE

07-12-2012

08-31-2012

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

CREDIT UNION First Commerce Credit Union
Tallahassee

RESIDENTIAL GROUP COMMON BOND Lowndes County, GA

APPROVAL 08-31-2012

Page 4

CHECK CASHER LICENSES ISSUED

CITY Columbus Gainesville Birmingham Gainesville Milledgeville Milledgeville Sale City Lawrenceville Marietta Dalton Valdosta Warner Robins Columbus Luthersville Grovetown Atlanta Tifton Moultrie Atlanta Forest Park Macon Taylorsville Jesup Warwick Brunswick Brunswick

APPLICANT NAME * 7 Hills Grocery, Inc.
A&S USA LLC * Belle Foods, LLC
Blue Ridge Package Store, Inc. * Brantley Enterprises, LLC
Chester L. Gunby * Darshan Enterprises, Inc.
Eben & Suma, Inc. I-Loan, Inc. * Ishika 1 Inc. * Jay Monica Nayna Corp Kush 1310, Inc. Linda Joyce Richburg * Luthersville Lucky, Inc. * Mahi Patel LLC Money Services Group, LLC * Nalinkant K. Dave * Nisha Management, LLC Northside Drive Liquor Store, Inc. * OSS Business Corporation Prabhu 1, Inc. * RZ Business LLC * Sai Co Inc Sheetal Food, Inc. * Shiv Sunker, Inc. * Vahanvati Krupa, LLC

TRADE NAME MLK Grocery J&S Food Mart
Fall Line Pawn Quick Check Cashing Quick Stop #2 Marathon I-Pawn Titles Guns & Jewelry Country Food & Tobacco RJ #2 Bi Lo Lynburg and Associates Prince Food Mart M&M Food Mart Money Services Group Nita's Food Store Country Corner
Quick Stop Food Mart Low Low Food Mart RZ Business Country Quick Store Flint River Grocery Discount Stop #1 Highway 341 Citgo

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

August 2012

MONEY TRANSMITTER Square, Inc. San Francisco, CA
PayPal, Inc. San Jose, CA

MONEY TRANSMITTER LICENSES ISSUED APPROVAL 08-09-2012
08-09-2012

August 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.