Financial Institutions Today News and topics of interest to financial institutions regulated by the Department of Banking and Finance October 2015 Adoption of Final Department Rules In this Issue Adoption of Final Department Rules Supervision Division Personnel Changes 2016 State Holidays Applications and Notices for October 2015 On October 27, 2015, the 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 November 16, 2015, 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 September 24, 2015. The Department received two (2) 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/dbfregulations) and select the appropriate link for the Final Rules, or you may access them directly from http://dbf.georgia.gov/documents/2015-dbf-final-rulemaking-10-27-2015. Supervision Division Personnel Changes The Department's Supervision Division is working toward its strategic initiative of planning for an upcoming information technology conversion. We have dedicated significant resources to achieve our goals, which has required a restructuring of duties within the Main Office as well as adding the position of temporary Supervisory Manager. Murali Ramachandran will continue in his role as Corporate Manager and also assume the duties of Business Analyst focusing on the information technology conversion. Supervisory Manager Mark Pressler will oversee all credit unions. Supervisory Manager Lori Binford will retain United Community Bank, District 2 banks and related holding companies, and add certain District 1 banks and related holding companies. Supervisory Manager Brittany Bohannon will retain Reliance Trust Company, District 5 banks and related holding companies, and add certain District 1 banks and related holding companies. Supervisory Manager Susan Andrews will retain SunTrust Bank, Synovus Bank, and the related holding companies of both institutions. Supervisory Examiner Mathew Robinson will serve as temporary Supervisory Manager from October 2015 to April 2016 and oversee District 4 banks and related holding companies. 2016 State Holidays Please refer to Georgia Governor Nathan Deal's website - http://gov.georgia.gov/2016-state-calendar- for a list of the dates in 2016 proclaimed by the Governor as public and legal state holidays when the Capitol and all State agencies will be closed. 1 Applications and Notices for October 2015 FINANCIAL INSTITUTION Community & Southern Bank Atlanta BRANCH OFFICES BRANCH OFFICE Bogart at University Plaza Branch Office 1252 Virgil Langford Road Bogart, GA 30622 Oconee County APPROVAL BEGIN BUSINESS DATE DATE 06-26-2015 10-13-2015 Community & Southern Bank Atlanta Carrollton Branch Office 100 Tom Reeve Drive Carrollton, GA 30117 Carroll County 06-26-2015 10-13-2015 Community & Southern Bank Atlanta Veterans Parkway Office 7320 Veterans Parkway Columbus, GA 31909 Muscogee County 06-26-2015 10-13-2015 Community & Southern Bank Atlanta Community & Southern Bank Atlanta Cornelia Branch Office 920 Level Grove Road Cornelia, GA 30531 Habersham County Dalton Branch Office 1378 Dug Gap Road Dalton, GA 30720 Whitfield County 06-26-2015 10-13-2015 06-26-2015 10-13-2015 Community & Southern Bank Atlanta Franklin Branch Office 101 Main Street Franklin, GA 30217 Heard County 06-26-2015 10-13-2015 Community & Southern Bank Atlanta Lake Oconee Branch Office 1011 Park Place Boulevard Greensboro, GA 30642 Greene County 06-26-2015 10-13-2015 Community & Southern Bank Atlanta Community & Southern Bank Atlanta Mandarin Branch Office 10970 San Jose Boulevard Jacksonville, FL 32223 Duval County Jefferson Branch Office 1465 Old Swimming Pool Road Jefferson, GA 30549 Jackson County 06-26-2015 10-13-2015 06-26-2015 10-13-2015 2 Community & Southern Bank Atlanta Community & Southern Bank Atlanta Community & Southern Bank Atlanta Health Center Credit Union Augusta PeoplesSouth Bank Colquitt PeoplesSouth Bank Colquitt PeoplesSouth Bank Colquitt PeoplesSouth Bank Colquitt PeoplesSouth Bank Colquitt PeoplesSouth Bank Colquitt Synovus Bank Columbus Bass Road Branch Office 1701 Bass Road Macon, GA 31210 Bibb County Forsyth at the Prado Branch Office 4077 Forsyth Road Macon, GA 31210 Bibb County Walnut and Third Branch Office 501 Walnut Street Macon, GA 31201 Bibb County Main Office 1424 Walton Way Augusta, GA 30901 Richmond County Fourth Street Branch Office 58 Fourth Street Apalachicola, FL 32328 Franklin County Central Avenue West Branch Office 20455 Central Avenue West Blountsville, FL 32424 Calhoun County Highway 71 Branch Office 2260 Highway 71 Marianna, FL 32448 Jackson County West 23rd Street Branch Office 400 West 23rd Street Panama City, FL 32405 Bay County Cecil G Costin Sr Boulevard Branch Office 418 Cecil G Costin Sr Boulevard Port Saint Joe, FL 32456 Gulf County Capital Circle Branch Office 2721 Capital Circle NE Tallahassee, FL 32308 Leon County Ellis Building Branch Office 1605 Main Street Sarasota, FL 34236 Sarasota County 3 06-26-2015 06-26-2015 06-26-2015 Pending 07-06-2015 07-06-2015 07-06-2015 07-06-2015 07-06-2015 07-06-2015 06-01-2015 10-13-2015 10-13-2015 10-13-2015 10-16-2015 10-16-2015 10-16-2015 10-16-2015 10-16-2015 10-16-2015 10-26-2015 Morris Bank Dublin Hallco Community Credit Union Gainesville Warner Robins Branch Office 464 S. Houston Lake Road Warner Robins, GA 31088 Houston County Flowery Branch Branch Office 4865 Hog Mountain Road Flowery Branch, GA 30542 Hall County The Brand Banking Company Lawrenceville LGE Community Credit Union Marietta Suwanee Branch Office 480 Peachtree Industrial Boulevard Suwanee, GA 30024 Gwinnett County Parkside West Cobb Branch Office Corner of Dallas Highway & Casteel Road Marietta, GA 30064 Cobb County 06-17-2015 09-25-2015 Pending 10-30-2015 10-30-2015 FINANCIAL INSTITUTION Georgia's Own Credit Union Atlanta RELOCATION OF A BRANCH OFFICE BRANCH OFFICE APPROVAL DATE Augusta Branch Office From: 3830 Washington Road Martinez, GA 30907 Columbia County To: 1267 Augusta West Parkway Augusta, GA 30909 Richmond County 10-19-2015 BEGIN BUSINESS DATE PREVIOUS NAME Alma Exchange Bank & Trust Alma CHANGE IN NAME NEW NAME Pineland Bank APPROVAL EFFECTIVE DATE DATE Pending FINANCIAL INSTITUTION (SURVIVOR) DOCO Credit Union Albany, GA Pentagon Federal Credit Union Alexandria, VA FINANCIAL INSTITUTION MERGERS MERGED INSTITUTION Multiple Employee Group Federal Credit Union Thomasville, GA APPROVAL EFFECTIVE DATE DATE Pending Fort Gordon and Community Credit Union Fort Gordon, GA 10-09-2015 4 Alma Exchange Bank & Trust Alma, GA Alma Exchange Bank & Trust Alma, GA Alma Exchange Bank & Trust Alma, GA Southern States Bank Anniston, AL Atlantic Capital Bank, N. A. (f/k/a FSGBank, National Association) Chattanooga, TN Members First Credit Union Decatur, GA MidSouth Federal Credit Union Macon, GA First Peoples Bank Pine Mountain, GA Peoples State Bank & Trust Baxley, GA Citizens State Bank Kingsland, GA Pineland State Bank Metter, GA Columbus Community Bank Columbus, GA Atlantic Capital Bank Atlanta, GA Chatham Federal Credit Union Savannah, GA Consolidated Public Safety Credit Union Macon, GA The Greenville Banking Company Greenville, GA Pending Pending Pending 10-09-2015 10-22-2015 10-19-2015 10-31-2015 09-02-2015 10-01-2015 09-10-2015 10-31-2015 Pending 5 Department of Banking and Finance 2990 Brandywine Road, Suite 200 Atlanta, Georgia 30341-5565 Visit our website at: dbf.georgia.gov The Department is the state agency that regulates and examines Georgia state-chartered banks, state-chartered credit unions, and state-chartered trust companies. The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks chartered in Georgia. In addition, the Department has regulatory and/or licensing authority over mortgage brokers, lenders and processors, mortgage loan originators, check cashers, sellers-issuers of payment instruments, money transmitters, 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 a willing and able partner with our regulated entities in order to support vibrant and economic growth and prosperity in Georgia. DBF Outreach and Upcoming Speaking Engagements BSA/OFAC Workshop - Deputy Commissioner for Non-Depository Financial Institutions Rod Carnes, Director for Supervision Pam Keane and Supervisory Examiner Justin McElheney will be participating in the BSA/OFAC Workshop on November 12, 2015. For more information about this event, visit http://training.gcua.org/on_site/GA111215_fct.html. Georgia Bankers Association 2015 Credit Conference Commissioner Kevin Hagler will be participating on a regulatory panel at the Credit Conference on December 11, 2015. For more information about this event, visit http://www.gabankers.com. 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. 6