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 Page 4 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. 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.