Inside this issue: Georgia 2 Residential Mortgage Act Fee Reminder District Director 2 Janet Bryan Completes the Graduate School of Banking at LSU Action on 2 Applications for the Month of June Contact 5 Information News and topics of interest to financial institutions regulated by the Department of Banking and Finance Monthly Bulletin #6 June 2014 Department of Banking and Finance Adopts Final Rules On June 10, 2014, the Department of Banking and Finance ("Department") adopted Final Rules that have been filed with the Secretary of State's Office. Pursuant to O.C.G.A. 50-13-6, the Final Rules became effective on June 30, 2014. Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on May 9, 2014. The Department received four written comments regarding the proposed Rules. The Department fully considered the comments it received and made one substantive revision. The Department believes that the Rules as adopted encourage safety and soundness, encourage safe and fair mortgage lending, and conform to the law. To view or download the Final Rules, go to the Regulations page on the Department's website (http://dbf.georgia.gov/dbf-regulations) and select the appropriate link for the Final Rules, or you may access them directly from: http://dbf.georgia.gov/sites/dbf.georgia.gov/files/related_files/document/DBFFinalRules_6-102014.pdf DBF Outreach AND UPCOMING SPEAKING ENGAGEMENTS Deputy Commissioner for Supervision Lori Godfrey will be speaking at the Community Bankers Association of Georgia's ("CBA") Advanced BSA Officer School in St. Simons Island on August 6th. Read more or register for the event. She will also be speaking at the CBA's 5th Annual Bank Directors' College and FDIC Workshop on August 18th in Savannah. District Director Janet Bryan will also be participating. Read more or register for the CBA Directors' College. Senior Deputy Commissioner Steve Pleger will be participating in the CBA's Banker Regulatory Forum in Macon on August 7th. Read more or register for the event. Senior Deputy Commissioner Pleger will also be participating in the National Association of State Credit Union Supervisors ("NASCUS") and Georgia Credit Union Affiliates ("GCUA") Directors College on August 26th at the GCUA headquarters in Duluth. He will also be participating in the NASCUS State Summit on September 10th-12th. This Summit is the only annual event for the nation's state credit union system. Register today at http://www.nascus.org/omnisam/event/eventreg_info.cfm? product_id=234 for educational workshops, insightful discussions, and networking events geared specifically toward CEOs, state regulators, and industry leaders being held at the Omni Hotel in Nashville. "Safeguarding Georgia's Financial Services" Page 2 June 2014 Georgia Residential Mortgage Act Fee Reminder The $10.00 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 September 1, 2014, for mortgage loans closed during the period January 1, 2014, through June 30, 2014. A $10.00 fee will be due if the loan is a mortgage loan as defined in the Georgia Residential Mortgage Act ("GRMA"), and if the loan is secured by a deed to secure debt, security deed, mortgage, security instrument, deed of trust, a modification of a security deed, or other form or modification of a security interest which has been recorded. Financial institutions, mortgage licensees and registrants that act as the collecting agent (including brokers that table fund and collect the fee) must submit the fees and file the fee statement before the deadline to avoid fines. Per Department Rule 80-5-1-.04(b), GRMA per loan fee reporting / remittance must be completed online through the Department's secure website. Reporting is required even if no mortgage loans were made and no fees are due. To avoid fines for failure to report/remit GRMA fees, reporting must be completed by the deadline noted above. Reporting and fee payment must be done online from our secure website at: https://bkgfin.dbf.state.ga.us/GRMAFee.html. District Director Janet Bryan Completes the Graduate School of Banking at LSU On June 6, 2014, Janet Bryan, District Director for the Department's Southeast District, graduated from the Graduate School of Banking ("GSB") at Louisiana State University ("LSU"). Graduates completed ten bank study projects and attended approximately 140 hours of class during the three-year program. The Class of 2014 was the 63rd graduating class and had 187 graduates, of which 15 were from Georgia. In 2012, Janet was selected for the Georgia Bankers Association Robert M. Moler Scholarship to the GSB at LSU, which is awarded to a highly qualified, professional examiner with the Department. The experience and knowledge Janet gained at the GSB at LSU through the class sessions and bank study projects will be of great benefit to both the Department and financial institutions in the State of Georgia. Janet Bryan Action on Applications for the Month of June: The following is a summary of official action taken on applications by State Financial Institutions under Chapter 7-1 of the Official Code of Georgia Annotated and petitions for Certificate of Incorporation of Financial Institutions and other matters of interest during the month of June 2014. FINANCIAL INSTITUTION HeritageBank of the South Albany APPLICATIONS TO ESTABLISH A BRANCH OFFICE BRANCH OFFICE Birmingham SouthBridge Branch Office 2100 SouthBridge Parkway, Suite 301 Birmingham, AL 35209 Jefferson County APPROVAL 02-21-2014 BEGIN BUSINESS 06-02-2014 June 2014 FINANCIAL INSTITUTION HeritageBank of the South Albany HeritageBank of the South Albany Midtown Bank & Trust Company Atlanta Synovus Bank Columbus Ameris Bank Moultrie Fidelity Bank Norcross Fidelity Bank Norcross Fidelity Bank Norcross Fidelity Bank Norcross Fidelity Bank Norcross BRANCH OFFICE Columbus Branch Office 700 Brookstone Centre Parkway Suite 100 Columbus, GA 31904 Muscogee County Monroe Street Branch Office 494 Monroe Street Macon, GA 31201 Bibb County Sandy Springs Branch Office 6000 Sandy Springs Circle Sandy Springs, GA 30328 Fulton County CNL Center 1 Branch Office 450 S. Orange Avenue Suite 650 Orlando, FL 32801 Orange County Greenville University Branch Office 7800 N. Tigerville Road, Suite A Taylors, SC 29687 Greenville County Jacksonville Branch Office 10024 San Jose Boulevard Jacksonville, FL 32257 Duval County Lake Mary Branch Office 3505 West Lake Mary Boulevard Lake Mary, FL 32746 Seminole County Orange City Branch Office 2494 Enterprise Road Orange City, FL 32763 Volusia County Ponte Vedra Beach Branch Office 110 A1A North Ponte Vedra Beach, FL 32082 St. Johns County Winter Garden Branch Office 12901 West Colonial Drive Winter Garden, FL 34787 Orange County Page 3 APPROVAL 12-10-2013 BEGIN BUSINESS 06-02-2014 06-25-2014 12-17-2013 06-09-2014 06-09-2014 04-08-2014 05-05-2014 Pending Pending Pending Pending Pending FINANCIAL INSTITUTION SunTrust Bank Atlanta APPLICATIONS TO CHANGE LOCATION From: CHANGE LOCATION OF Oak Ridge Kroger Branch Office 380 S Illinois Ave Oak Ridge, TN 37830 Anderson County APPROVAL 04-08-2014 EFFECTIVE 06-30-2014 Page 4 FINANCIAL INSTITUTION CHANGE LOCATION OF To: 1550 Oak Ridge Turnpike Oak Ridge, TN 37830 Anderson County June 2014 APPROVAL EFFECTIVE FINANCIAL INSTITUTION MERGERS FINANCIAL INSTITUTION (SURVIVOR) HeritageBank of the South Albany, GA MERGED INSTITUTION Alarion Bank Ocala, FL Community & Southern Bank Atlanta, GA Verity Bank Winder, GA Community Bank & Trust - West Georgia LaGrange, GA Community Bank & Trust- Alabama Union Springs, AL State Bank and Trust Company Macon, GA Bank of Atlanta Atlanta, GA First Landmark Bank Marietta, GA Midtown Bank & Trust Company Atlanta, GA Ameris Bank Moultrie, GA The Coastal Bank Savannah, GA Northwest Georgia Credit Union Rome, GA HealthCom Federal Credit Union Dalton, GA United Bank Zebulon, GA Monroe County Bank Forsyth, GA APPROVAL Pending 06-06-2014 Pending Pending Pending 06-11-2014 Pending Pending EFFECTIVE 06-23-2014 06-30-2014 APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION BANK HOLDING COMPANY TO ACQUIRE APPROVAL FORMATIONS FIS Wealth Management Services, Inc. Jacksonville, FL Reliance Financial Corporation Atlanta, GA Pending ACQUISITIONS Heritage Financial Group, Inc. Albany, GA Community & Southern Holdings, Inc. Atlanta, GA Ameris Bancorp Moultrie, GA Alarion Financial Services, Inc. Ocala, FL Alliance Bancshares, Inc. Dalton, GA Coastal Bankshares, Inc. Savannah, GA Pending Pending 06-04-2014 June 2014 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.