Financial institutions today, 2019 January

Inside this issue:
Action on Applications 2 for the Month

News and topics of interest to financial institutions regulated by the Department of Banking and Finance
January 2019
Borrowers Affected by Recent Federal Government Shutdown
The Department, along with the federal financial institutions regulators, encourages financial institutions to work with consumers impacted by the recent federal government shutdown.
While the effects of the federal government shutdown on individuals should be temporary, affected borrowers may face hardship in making payments on debts such as mortgages, student loans, car loans, business loans, or credit cards. As in prior shutdowns, the Department and federal agencies encourage financial institutions to consider prudent efforts to modify terms on existing loans or extend new credit to help affected borrowers.
Prudent workout arrangements that are consistent with safe-and-sound lending practices are generally in the long-term best interest of the financial institution, the borrower, and the economy. Consumers affected by the government shutdown are encouraged to contact their lenders immediately should they encounter financial strain.
Resources: https://www.fdic.gov/news/news/press/2019/pr19002.html https://www.ncua.gov/newsroom/press-release/2019/regulators-encourage-institutions-workborrowers-affected-government-shutdown
Emergency Closing Notification Procedures
The Department would like to remind all Georgia state-chartered financial institutions of emergency closing notification procedures. Financial institutions have the discretion to close business operations in the event of a natural disaster or other emergency, including situations where an emergency may be imminent. Financial institution offices directly affected by severe weather conditions may close under the conditions set forth in O.C.G.A. 7-1-111 and Department Rule 80-5-2-.02. All financial institutions are reminded that current regulations provide for management to exercise its own discretion, with notification to the Department, in closing any institution for one business day (renewal for successive days) upon its determination that the safety of customers, employees, or assets would be in jeopardy due to civil disorder, fire, acts of God, or similar circumstances which render the institution unable to conduct business in a safe and sound manner.
Office closings due to emergency situations should be communicated to the Department as soon as transmission is feasible. Further, financial institutions should make every effort to reopen as quickly as possible to address the banking needs of their customers.
If your institution's emergency contact information has recently changed, please log on to the Emergency Communications System ("ECS") of the Federal Reserve Bank of St. Louis to update your emergency contact information. Use of the ECS allows the Department to quickly establish a two-way communication channel with financial institutions, provide key updates, ascertain the operational status of a financial institution and provide ongoing updates throughout an emergency situation or crisis. If you have any questions or concerns about logging into the ECS system, please contact ECS support at ECS.Support@stls.frb.org.
NCUA Southern Region Contact Information
The consolidation of the National Credit Union (NCUA) Regional Offices has become effective. Contact information for the Southern Region, which includes Georgia federally insured statechartered credits unions, is as follows: Mail: Southern Region, 4807 Spicewood Springs Road, Suite 5200, Austin, TX 78759-8490 Telephone Number: (512) 342-5600; Fax Numbers: (703) 518-6677, (512) 342-5620 Email Address: SouthernMail@ncua.gov

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Action on Applications for the Month

January 2019

The following is a summary of official action taken by the Department on applications by Georgia state-chartered 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 January 2019:

PREVIOUS NAME GEMC Federal Credit Union

FINANCIAL INSTITUTION CONVERSIONS

CONVERTED TO

APPROVAL DATE

GEMC Credit Union Tucker DeKalb County

03-12-2018

EFFECTIVE DATE 01-01-2019

FINANCIAL INSTITUTION
SunTrust Bank Atlanta

APPLICATIONS TO ESTABLISH A BRANCH OFFICE

BRANCH OFFICE

APPROVAL BEGIN BUSINESS

DATE

DATE

Hartsfield Jackson Airport 6000 N Terminal Parkway Atlanta, GA 30320 Fulton County

09-28-2018 01-22-2019

SunTrust Bank Atlanta

Sunrise 3499 N University Drive Sunrise, FL 33351 Broward County

09-11-2018 01-14-2019

United Community Bank Blairsville

Spartanburg 449 East Main Street Spartanburg, SC 29302 Spartanburg County

08-28-2018 01-22-2019

Synovus Bank Columbus

Shallowford 3448 Sandy Plains Road Marietta, GA 30066 Cobb County

01-02-2019

NOA Bank Duluth

McGinnis Ferry 7775 McGinnis Ferry Road #104 Johns Creek, GA 30024 Fulton County

01-02-2019

Bank of Newington Newington

Springfield 1680 Highway 21 South Springfield, GA 31329 Effingham County

12-11-2017 01-14-2019

Robins Financial Credit Union Warner Robins

Watkinsville 2273 Hog Mountain Road Watkinsville, GA 30677 Oconee County

11-09-2017 01-25-2019

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APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION

CHANGE LOCATION OF

APPROVAL DATE

SunTrust Bank Atlanta

Cape Coral
From: 530 East Cape Coral Parkway Cape Coral, FL 33904 Lee County

10-09-2018

To: 915 Cape Coral Parkway East Cape Coral, FL 33904 Lee County

SunTrust Bank Atlanta

Apalachee Parkway
From: 2727 Apalachee Parkway Tallahassee, FL 32301 Leon County
To: 3098 Apalachee Parkway Tallahassee, FL 32301 Leon County

10-09-2018

January 2019 EFFECTIVE DATE
01-18-2019
01-25-2019

PROPOSED NAME First Bank of Georgia
Magnolia South Bank

APPLICATIONS FOR RESERVATION OF A NAME

COUNTY

APPLICANT

Whitfield County

Mr. W. Scott Sellers Executive Vice President First Bank P.O. Box 459 Dalton, GA 30722-0459

Dodge County

Ms. Callen Carroll James-Bates-Brannan-Groover-LLP 3399 Peachtree Road NE, Suite 1700 Atlanta, GA 30326

FINANCIAL INSTITUTION (SURVIVOR)
Cadence Bank, N.A. Birmingham, AL
Bank of Early Blakely, GA
Synovus Bank Columbus, GA
Morris Bank Dublin, GA
Colony Bank Fitzgerald, GA

FINANCIAL INSTITUTION MERGERS
MERGED INSTITUTION
State Bank and Trust Company Macon, GA
One South Bank Chipley, FL
Florida Community Bank, National Association Weston, FL
Farmers & Merchants Bank Statesboro, GA
Calumet Bank LaGrange, GA

APPROVAL EFFECTIVE

DATE

DATE

08-23-2018 01-01-2019

Withdrawn 01-18-2019
09-25-2018 01-01-2019

Pending Pending

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January 2019

The Department is the state agency that regulates and examines Georgia state-chartered banks, state-chartered credit unions, state-chartered trust companies, and bank holding companies that own Georgia state-chartered financial institutions. 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, and international banking organizations.
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 economic growth and prosperity in Georgia.

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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