Financial institutions today, Aug. 2014

Inside this issue:
Action on 2 Applications for
the Month of August
Contact 4 Information

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

Monthly Bulletin #8

August 2014

Department of Banking and Finance Adopts Final Rules
On August 29, 2014, the Department of Banking and Finance (Department) adopted Final Rules and filed the Rules with the Secretary of State's Office. Pursuant to O.C.G.A. 50-13-6, the Rules will be effective on September 18, 2014, which is twenty days following the filing of the Rules with the Secretary of State.
Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on July 29, 2014. The Department did not receive any written comments regarding the proposed Rules. 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/documents/2014-dbf-final-rulemaking -8-29-2014

National Association of State Credit Union Supervisors (NASCUS) Announces New Chair

On August 25, 2014, NASCUS announced the election of Senior Deputy Commissioner Steve Pleger as its Board Chair. Steve will preside over the NASCUS Annual Meeting on September 10, 2014, in Nashville, Tennessee.

Steve Pleger

"Steve has been an integral part of NASCUS and the NASCUS Board, and we are excited about the future of NASCUS with him at the organization's helm," said NASCUS President and CEO Mary Martha Fortney.

NASCUS is the primary resource and voice of the state governmental agencies that charter, regulate and examine the nation's state-chartered credit unions. NASCUS membership is made up of state-chartered credit unions, state regulators and other supporters of the state credit union system.

"Safeguarding Georgia's Financial Services"

Page 2

August 2014

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 Official Code of Georgia Annotated and petitions for Certificate of Incorporation of Financial Institutions and other matters of interest during the month of August 2014.

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

FINANCIAL INSTITUTION HeritageBank of the South Albany

BRANCH OFFICE Monroe Street Branch Office 494 Monroe Street Macon, GA 31201 Bibb County

APPROVAL 06-25-2014

PeoplesSouth Bank Colquitt

Lynn Haven Branch Office 630 Ohio Avenue Lynn Haven, FL 32444 Bay County

05-06-2014

PeoplesSouth Bank Colquitt

Panama City Branch Office 607 S Tyndall Parkway Panama City, FL 32404 Bay County

Pending

PeoplesSouth Bank Colquitt

Tallahassee Branch Office 2920 Kerry Forest Parkway Tallahassee, FL 32317 Leon County

Pending

Farmers State Bank Lincolnton

Thomson Branch Office 658 Washington Road Thomson, GA 30824 McDuffie County

05-21-2014

Exchange Bank Milledgeville

Lake Sinclair Branch Office 2801 North Columbia Street Milledgeville, GA 31061-3326 Baldwin County

08-22-2014

Fidelity Bank Norcross

St. Augustine Branch Office 1700 US Highway 1 South St. Augustine, FL 32084 Saint Johns County

05-19-2014

The Citizens Exchange Bank Pearson

Main Office 1500 Newcastle Street Brunswick, GA 31520 Glynn County

Pending

The Citizens Exchange Bank Pearson

Saint Simons Island Branch Office 60 Midway Square Saint Simons Island, GA 31522 Glynn County

Pending

Guardian Bank Valdosta

Pearson Branch Office 82 Railroad Avenue East Pearson, GA 31642 Atkinson County

Pending

BEGIN BUSINESS 08-29-2014 08-08-2014
08-18-2014
08-25-2014

August 2014
PREVIOUS NAME The Citizens Exchange Bank Pearson

NOTICE OF CHANGE IN NAME
NEW NAME South Coast Bank & Trust

Page 3

APPROVAL Pending

EFFECTIVE

PROPOSED NAME South Coast Bank & Trust

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY Glynn County

APPLICANT Mr. Michael N. White James-Bates-Brannan-Groover-LLP 231 Riverside Drive Macon, GA 31201

FINANCIAL INSTITUTION MERGERS

FINANCIAL INSTITUTION (SURVIVOR) HeritageBank of the South Albany, GA

MERGED INSTITUTION Alarion Bank Ocala, FL

Community & Southern Bank Atlanta, GA

Alliance National Bank Dalton, GA

Members First Credit Union Decatur, GA

Fidelity Federal Credit Union Sandy Springs, 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

Southeastern Federal Credit Union Valdosta, GA

Nashville Credit Union Nashville, GA

APPROVAL Pending

EFFECTIVE

Pending

Pending

Pending

Pending

Pending

Pending

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

BANK HOLDING COMPANY

TO ACQUIRE

APPROVAL

FORMATIONS Liberty First Bancshares, Inc. Monroe, GA

Liberty First Bank Monroe, GA

Pending

ACQUISITIONS Heritage Financial Group, Inc. Albany, GA

Alarion Financial Services, Inc. Ocala, FL

08-22-2014

Community & Southern Holdings, Inc. Atlanta, GA

Alliance Bancshares, Inc. Dalton, GA

08-18-2014

WB&T Bankshares, Inc. Waycross, GA

The Citizens Exchange Bank Pearson, GA

Pending

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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

August 2014
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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