Inside this issue: Action on 3 Applications for the Month of February Contact 4 Information News and topics of interest to financial institutions regulated by the Department of Banking and Finance February 2015 High Volatility Commercial Real Estate Beginning January 1, 2015, revisions to calculating risk-weighted assets went into effect for FDIC-supervised institutions. The Department has received some questions from the industry about the new capital rules and the applicability of risk-weighting for High Volatility Commercial Real Estate ("HVCRE"). The new capital rules apply to all banks with the only distinction being between those that must follow the advanced approach ($250 billion or more in total assets) and those that must follow the standardized approach (less than $250 billion in total assets). The Federal Reserve Bank has created a carve out for small holding companies from certain capital rules, but there is no companion exemption for banks. Therefore, the rules regarding risk-weighting for HVCRE apply to all banks. If you have questions, contact your case manager at the FDIC for clarification. DBF Outreach AND UPCOMING SPEAKING ENGAGEMENTS Commissioner Hagler will be participating on a regulatory panel on March 20th at the Georgia Law Review Symposium - Financial Regulation: Reflections and Projections. Learn more about this event. Commissioner Hagler will also be participating on a regulatory panel on April 23rd at the Southeast Georgia Community Bank Symposium hosted by the Georgia Bankers Association and the Georgia Southern University Center for Excellence in Financial Services. Learn more about this event. "Safeguarding Georgia's Financial Services" Page 2 February 2015 Action on Applications for the Month of February: The following is a summary of official action taken on applications by State Financial Institutions under Title 7, Chapter 1 of the O.C.G.A. and petitions for Certificate of Incorporation of Financial Institutions and other matters of interest during the month of February 2015. FINANCIAL INSTITUTION SunTrust Bank Atlanta KeyWorth Bank Duluth Pinnacle Bank Elberton South Coast Bank & Trust Pearson South Coast Bank & Trust Pearson Guardian Bank Valdosta APPLICATIONS TO ESTABLISH A BRANCH OFFICE BRANCH OFFICE Market Drive Branch Office 227 Market Drive Lenoir City, TN 37771 Loudon County APPROVAL 02-23-2015 Marietta Branch Office 1320 Johnson Ferry Road Marietta, GA 30068 Cobb County 02-20-2015 Covington Branch Office 6124 Highway 278 Northeast Covington, GA 30014 Newton County 12-05-2014 Main Office 1500 Newcastle Street Brunswick, GA 31520 Glynn County 02-03-2015 Saint Simons Island Branch Office 60 Midway Square Saint Simons Island, GA 31522 Glynn County 02-03-2015 Pearson Branch Office 82 Railroad Avenue East Pearson, GA 31642 Atkinson County 02-03-2015 BEGIN BUSINESS 02-09-2015 02-07-2015 02-07-2015 02-07-2015 PREVIOUS NAME The Citizens Exchange Bank Pearson FINANCIAL INSTITUTION (SURVIVOR) Community & Southern Bank Atlanta, GA Georgia's Own Credit Union Atlanta, GA United Community Bank Blairsville, GA NOTICE OF CHANGE IN NAME NEW NAME South Coast Bank & Trust APPROVAL 02-03-2015 EFFECTIVE 02-07-2015 FINANCIAL INSTITUTION MERGERS MERGED INSTITUTION Community Business Bank Cumming, GA SPC Federal Credit Union Atlanta, GA First National Bank Lenoir City, TN APPROVAL Pending EFFECTIVE 09-26-2014 02-01-2015 Pending February 2015 FINANCIAL INSTITUTION (SURVIVOR) The Southern Credit Union Fayetteville, GA The Farmers Bank Forsyth, GA The Farmers Bank Forsyth, GA The Farmers Bank Forsyth, GA IBERIABANK LaFayette, LA Renasant Bank Tupelo, MS MERGED INSTITUTION GDC Federal Credit Union Newnan, GA The Bank of Perry Perry, GA Spivey State Bank Swainsboro, GA The Peoples Bank Covington, GA Georgia Commerce Bank Atlanta, GA HeritageBank of the South Albany, GA Page 3 APPROVAL Pending EFFECTIVE 01-27-2015 02-06-2015 01-27-2015 02-06-2015 01-27-2015 02-06-2015 02-04-2015 Pending APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION BANK HOLDING COMPANY FORMATIONS NOA Bancorp, Inc. Duluth, GA ACQUISITIONS IBERIABANK Corporation LaFayette, LA Renasant Corporation Tupelo, MS United Community Banks, Inc. Blairsville, GA TO ACQUIRE NOA Bank Duluth, GA Georgia Commerce Bancshares, Inc. Atlanta, GA Heritage Financial Group, Inc. Albany, GA MoneyTree Corporation Lenoir City, TN APPROVAL Pending 02-04-2015 Pending Pending NOTIFICATION OF APPROVAL OF APPLICATION TO SERVE A RESIDENTIAL GROUP COMMON BOND CREDIT UNION Georgia's Own Credit Union Atlanta RESIDENTIAL GROUP COMMON BOND Fayette County, GA APPROVAL 02-04-2015 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 February 2015 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 (MALPBs) 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 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.