STATE OF GEORGIA DEPARTMENT OF BANKING AND FINANCE YEAR ENDING DECEMBER 31. 1994 ZELL MILLER GOVERNOR E. D. "JACK" DUNN COMMISSIONER STEVEN D. BRIDGES DEPUTY COMMISSIONER MfcPite MISSION STATEMENT OF THE DEPARTMENT OF BANKING AND FINANCE The mission of the Department of Banking and Finance is to promote the economic well-being of Georgia communities by insuring a full spectrum of safe, sound, competitive and accessible financial services. Utilizing the highest professional standards, we carry out this mission through the efficient and effective chartering, licensing, regulating, assisting and supervision of financial services providers according to statutory requirements and prudent industry standards. MESSAGE FROM THE COMMISSIONER The year 1994 was certainly a challenging time for the Department of Banking and Finance, and the industries it regulates. The financial services industry, of which all the entities regulated and supervised by the Department are a part, is undergoing dramatic change. All indications are that this rapid pace of change will continue into the foreseeable future. To indicate that the evolution occurring in the financial services industry is dynamic would be a major understatement. This rapid rate of change is being influenced by a number of factors, However, perhaps the two most important factors driving change within the industry are passage of federal legislation to reduce or eliminate traditional geographic barriers to bank expansion, and developments in banking technology. Congress passed the Riegle-Neal Interstate Banking and Branching Efficiency Act (RiegleNeal Act) and it was signed by the President on September 29, 1994, This legislation authorizes nationwide interstate banking by acquisition as of September 29, 1995, regardless of state law. A Georgia law effective July 1, 1995, already authorized this activity for Georgia banks on a reciprocal basis. However, beginning September 29, 1995, this will be the law of the land. The Riegle-Neal Act also contained other significant provisions including an ability for states to "opt-in" to an authorization for banks to engage in interstate mergers and the ability for affiliate banks to act as agents for each other in the delivery of many traditional banking services. Significant change in the Georgia Financial Institutions Code is necessitated by this federal legislation and Department personnel devoted many hours to the drafting of many of the needed amendments during the fourth quarter of 1994. Additional changes to the Georgia banking code will be needed during the 1996 and/or the 1997 sessions of the General Assembly to assure that the Department of Banking and Finance and the banking industry is properly positioned to deal with the changes to be brought on by this legislation, A rapid evolution of technology within the banking industry has been the norm for many years. However, technological advancements particularly in the area of electronic service delivery have reached a revolutionary level in the past eighteen months, Point of sale terminals allowing the use of debit cards for payment at retail businesses, for instance grocery stores, have become much more widespread. "Stored value" or prepaid debit cards are growing in popularity. Finally, true home banking, using a personal computer is a reality and very likely may become commonplace in the not too distant future. These products and others yet undeveloped, are pushing us more and more to a "cashless society". I am happy to report that as a whole, banks and other depository financial institutions regulated by the Department are in a very sound condition, Earnings are good, loan quality is high and year-end capital levels were at record levels. Of course a few institutions continue to have problems and significant swings in the economy could result in problems for other institutions, The improved financial condition of the depository financial institutions in 1994 allowed the Department to focus additional resources upon the challenge of fully implementing the Georgia Residential Mortgage Act. Although this division of the Department is now operating smoothly, it should be noted that the licensing and supervisory activities required by this Act have significantly added to the Department's workload since the enactment of this law in 1993. Further, this workload continues to grow with the implementation of the examination program for mortgage licensees. A number of steps were taken in 1994 to better position the Department to meet the current and future challenge of fulfilling its growing statutory responsibilities. For example, the Department initiated a strategic planning process which continues to be ongoing as of year end 1994. We believe this process will assist us in setting appropriate priorities and in remaining focused on the primary mission of the Department. The mission statement developed in this process is displayed on Page III. Another initiative of the Department begun in 1994 was a review of its internal procedures, and the banking code and its regulations for the purpose of streamlining them in an effort to reduce regulatory burden for the industry and improve the internal efficiency of the Department. This special review was incomplete at year end 1994 and is continuing. We have discovered that this process not only reduces unnecessary regulatory burden upon those we regulate but can also reduce unnecessary burden upon the Department's internal operations. As we move forward, we intend for this initiative to become a continuous process in an effort to consistently increase the efficiency and effectiveness of the Department's operations, In many respects 1994 was a very busy year for the Department and those we regulate. However, we believe it was also a very productive year, The future will bring more change, more activities, and more responsibilities but we at the Department of Banking and Finance plan to be ready to meet the challenge. -IV- TABLE OF CONTENTS Official Roster ........................................................................................................... 1 Examination Districts and Work Areas (Map) ........................................................ 3 List of District Personnel ....................................................................................... .4 Staff Pictures (As of April 1, 1995) ........................................................................ 6 History of the Department....................................................................................... 15 Historical Chart of Regulated Entities....................................................................16 Fiscal Report............................................................................................................. 17 Overview of Financial Service Providers............................................................... 18 Summary of Activities of State Chartered Financial Institutions......................22 Financial Holding Companies and Their Financial Subsidiaries......................23 Chart of Georgia Banks (Distribution By Asset Size) ........................................39 Abstract of Reports of Condition of State and National Banks........................ 40 Statement of Earnings and Expenses of State and National Banks ............... 41 List of State and National Banks............................................................................ 42 Banks with Branches (Out-of-County)....................................................................53 International Bank Agencies...................................................................................58 Representative Offices of Out-of-State Banks...................................................... 61 Graph of History of State-Chartered Credit Unions..............................................65 Abstract of Reports of Condition of State-Chartered Credit Unions............... 66 Statement of Earnings and Expense of State-Chartered Credit Unions .........67 List of State-Chartered Credit Unions....................................................................68 Summary of Activities - Mortgage Division...........................................................71 Sale of Checks or Money Order Corporations .................................................... 72 Applications Financial Institution Mergers............................................................................ 73 New Financial Institutions.................................................................................74 Financial Institution Conversions ....................................................................74 Change Location................................................................................................75 Branch Bank, Bank Office or Facility............................................................... 79 Trust Powers.......................................................................................................83 State Chartered Banks in Liquidation ............................................................. 83 Approval of Dissolution..................................................................................... 84 Sale of Checks or Money Orders......................................................................84 Notice of Change in Name.................................................................................84 -V- OFFICIAL ROSTER As of April 1, 1995 E. D. DUNN Commissioner STEVEN D. BRIDGES, CFE Deputy Commissioner REECE V. MORRIS, CFE Executive Deputy Commissioner LESLIE A. BECHTEL Deputy Commissioner for Legal Affairs............................................ 986-1650 Susan Brown, Administrative Assistant .................................................................. 986-1620 ADMINISTRATIVE DIVISION Personnel, Accounting and Budget, Training, EDP Operations, Clerical Support, Currency Transaction Report Processing DAVID A. HANCOCK, CFE, Deputy Commissioner for Administration.......................... 986-1640 Meiinda G. Kinard, CFE, Director of Training, EDP .............................................. 986-1649 Ralph J. Shire, CFE, Assistant Deputy Commissioner .......................................... 986-1383 Dianne Blackstone, Programmer Analyst............................................................. 986-1648 Sophia E'lom, Computer Operator ...................................................................... 986-1651 Marilyn Harris, Accounting Officer........................................................................ 986-1641 Renate Carroll, Accounting Technician II ........................................................... 986-1632 Maggie Smith, Personnel Manager ...................................................................... 986-1638 Sonja Hencely, Office Supervisor, Senior ............................................................. 986-1621 Sheila B, Ball, Senior Secretary Typist ............................................................. .. 986-1633 Bonnie C. Steele, Senior Secretary Typist............................................................. 986-1633 Henry "Hank" Tam, Storekeeper............................................................................. 986-1622 SUPERVISORY DIVISIONS Bank, Thrift, Holding Company, and International Bank Supervision, Investment Securities Reports of Apparent Criminal Irregularity, Consumer Affairs, Technical and Legal David G. Sorrell, CFE, Deputy Commissioner for Supervision* ... DIVISION A......... 986-1629 Grace M. Lurry, CFE, Assistant Deputy Commissioner ............. District 2 ............... 986-1646 Merian Johnson, Principal Secretary .......................................................................... 986-1657 Wayne Orr, CPA, Assistant Deputy Commissioner* ................. District 4 ............... Sandra Sheley, CFE, Assistant Deputy Commissioner............... District 1 ............... Susan Nelson, Senior Secretary Typist.......................................................................... Indicates responsibility for international bank offices and representative offices. 986-1637 986-1636 986-1656 -1 - SUPERVISORY DIVISIONS (Continued) John B. Kline, CFE, Deputy Commissioner for Supervision............. DIVISION B .......... 986-1630 Drexel Beck, CFE, Assistant Deputy Commissioner................... District 6 ............... 986-1644 Rhoda Barcan, Principal Secretary ............................................................................. 986-1659 Princess Brown, CFE, Assistant Deputy Commissioner ............. Districts ............... 986-1643 Larry E, Shelley, CFE, Assistant Deputy Commissioner ............. Districts ............... 986-1642 Elizabeths. Staden, Senior Secretary Typist ............................................................. 986-1658 MORTGAGE DIVISION Licensing of Mortgage Brokers, Lenders, Registrants, Consumer Protection, Consumer Complaints, Supervisory/Regulatory Activities, Statistical Reports Robley S. Rigdon, CFE, Deputy Commissioner for Mortgage and Corporate Divisions 986-1371 C. Craig Smith, CFE, Assistant Deputy Commissioner .............................................. 986-1372 Georgia High, CFE, Supervisory Examiner .................................................................. 986-T373 Tervenia Mitchiner, Administrative Assistant............................................................... 986-1268 Deborah Latimer, Principal Secretary ........................................................................ 986-5035 Denise Leaphart, Senior Secretary Typist .................................................................. 986-1269 CORPORATE DIVISION Application processing of all Bank, Thrift and Holding Company Applications, Corporate Charter Amendments, Consumer Affairs, International Licensing, International Bank Facility Permits, Loan Production Offices, Sale of Check Licensing, Check Coshers Licensing, Annual Reports, Department Bulletins, Georgia Credit Union Deposit Insurance Corporation, Statistical Reports, Technical and Legal ROBLEY S. RIGDON.CFE, Deputy Commissioner for Mortgage andCorporateDivisions 986-1371 Larry S. Moor, CFE, Assistant Deputy Commissioner Judy Carter, Administrative Assistant..........................................Districts 2,3,4 Marilou Harvey, Administrative Assistant , . ............................... Districts 1,5,6 Nancy Chapman, Principal Secretary............................................................... 986-1645 986-1647 986-1639 986-1652 -2- EXAMINATION DISTRICTS AND DISTRICT WORK AREAS DISTRICT LOCATION 1 Marietta Calhoun Stone Mountain Athens College Park Dublin Albany Valdosta Douglas Savannah Designates District Work Areas -3- DISTRICT AND TELEPHONE # District 1 MARIETTA 404-988-9444 CALHOUN 706-602-0415 DISTRICT PERSONNEL DISTRICT DIRECTOR SUPERVISORY EXAMINER SENIOR EXAMINERS Jackson D. Hardy, CFE Robert M. Braswell Wiilliam D, Atkins James M. Brooks, CFE Ernest D. Coats, CFE James Emory Ira D, Goolsby District 2 STONE MOUNTAIN 404-879-0366 ATHENS - 706-549-8596 Tracy D. Whitesides, CFE/CPA Robert J. Rosentreter, CFE Lori A. Binford Michael G. Killeen, CFE Janet Blackmon, CFE Harold J. Carney Jenny L. Neville, CPA/CFE Ned W. Overby E. Nannette Sisk, CFE District 3 COLLEGE PARK 404-559-6621 C. Douglas Peugh, CFE Barry L. Rooks, CFE District 4 DUBLIN 912-275-6740 Gary F. Ford, CFE Michael F. Hooks, CFE/CPA District 5 ALBANY - 912-430-4407 VALDOSTA 912-333-5299 George A. Reynolds, CFE/CPA Larry T. Duke, CFE Joyce R. Jones District 6 DOUGLAS 912-383-4248 SAVANNAH 912-356-2770 R. Larry Herndon, CFE Jane M. Whitfield David T, Widincamp -4- Mayra Barzaga Harry M. Brown Gregory D. Lowe Billie L, Reed Angela E. Ruddick Kevin M, Sharpe Emory L. Stanford Vicki L. Brantley, CFE Gary E. Fields, CPA Hersha J. McDade Hubert C. Miller, CFE Wesley Morris Eugene S. Cline D, Ray Johnston Michael A, Rosser, CFE John F. Sutphin, III, CFE Terry Tucker James F. Mills, CFE Biilly S. Wilson, Jr,, CFE EXAMINERS Ronald F. Furukawa Victor A. Greene Larry J. Moody Mark Pressler Charles D. Titshaw, Jr. Billy C. Wilson, Sr. M. Joel Byers Ronfeng "Becky" Li Mural! Ramachandran Carol A. Webb George E. Campbell Margaret W. Clarke Joseph M. Mikula AS OF APRIL 1, 1995 ASSISTANT AND SENIOR ASSISTANT EXAMINERS Todd M. Burt Jennifer L. Casey Teresa H. Johnson Malcolm Keith Caldwell McDaniel Louis H. Otos Edward Plott Michael Dunagan Joseph Flelmly Darren Hodge Steve Pleger Michael Tarrh Ross Verbrugge Patrick Wilson Laura Brown Elizabeth Rogers Daniel J. Vano Christopher Wilson Keith Zimmerman ADMINISTRATIVE ASSISTANT Jeannie Benefield Victoria Busby Dennis McNeer R. Wayne Braswell Kay I. Green Michael D. Bryan H. Todd Gray Robert Herndon Mark A. Smith Melanie C. Cousins Sandra D. Daniels Stacy Edwards Patrick T. Brahana, CFE George A. Keaveney Ernest R. Rodgers, Jr. Michelle Floyd Judy H. Powell Shannon R. Vickers -5- CURRENT STAFF E. D. "Jack" Dunn Commissioner Steven D. Bridges, CFE Deputy Commissioner Reece V. Morns, CFE Executive Deputy Commissioner David A. Hancock, CFE Deputy Commissioner for Administration John B. Kline, CFE Deputy Commissioner for Supervision Robley S. Rigdon, CFE Deputy Commissioner for Mortgage/Corporate David G. Sorrell, CFE Deputy Commissioner for Supervision William D. Atkins Sheila B. Ball Rhoda Barcan Mayra Barzaga Drexel Beck Jeannie Benefield Lori A. Binford Dianne Blackstone Patrick T. Brahana Vicki L. Brantley Robert M. Braswell R. Wayne Braswell James M. Brooks -7- Harry M. Brown Laura Brown Princess Brown Susan Brown Michael D. Bryan George E. Campbell Harold J. Carney Nancy Chapman Margaret W. Clarke Eugene S. Cline -8- Ernest D. Coats Melanie C. Cousins Sandra D. Daniels Larry T. Duke Michael Dunagan Stacy Edwards Gary F. Ford Ronald F. Furukawa lra D. Goolsby H. Todd Gray Kay T. Green Victor A. Greene -9- Jackson D. Hardy Marilyn Harris Joseph Helmly Sonja Hencely R. Larry Herndon Robert Herndon Merian Johnson Teresa H. Johnson D. Ray Johnston Joyce R. Jones George Keaveney Malcolm Keith Michael G. Killeen - 10- Melinda G. Kinard Denise B. Leaphart Rongfeng "Becky" Li Gregory O. Lowe Grace M. Lurry Hersha J. McDade Caldwell McDaniel Joseph M. Mikula Tervenia Mitchiner Larry J. Moody Larry S. Moor - 11 - Wesley Morris Susan Nelson Jenny L. Neville Wayne Orr Louis H. Otos Ned W. Overby C. Douglas Peugh Steve Pleger Edward Plott Judy H. Powell Mark Pressler Mural! Ramachandran Ernest R. Rodgers, Jr. Elizabeth Rogers - 12- Barry L. Rooks Robert J. Rosentreter Michael A. Rosser Angela E. Ruddick Kevin M. Sharpe Sandra Sheley Larry E. Shelley Ralph J. Shire E. Nanette Sisk C. Craig Smith Maggie Smith Bonnie C. Steele John F. Sutphin, III Henry "Hank" Tam - 13 - Michael Tarrh Charles D. Titshaw, Jr. Terry Tucker Daniel J. Vano Shannon R. Vickers Carol A. Webb Jane M. Whitfield Tracy D. Whitesides David T. Widincamp PatncK wiison Keith Zimmerman - 14- HISTORY OF THE DEPARTMENT 1919. 1994 The Department of Banking and Finance was created by the Ex ecutive Reorganization Plan of 1972 as successor to the Depart ment of Banking. In addition to changing the name of the Depart ment this reorganization also provided for the Department to be headed by a Commissioner as successor to the former Superintendent of Banks and transferred to the Department the supervision of State-Chartered building and loan associations The original Department of Banking was created by Act of the Legislature in 1919 concurrent with the enactment of The Banking Law which deals with the incorporation of banks and the regulation of the business of banking. In 1974 the Banking Laws were subject to substantial re-codification in the form of the Financial Institutions Code of Georgia which be came effective April 1, 1975. Since the establishment of the Department in 1919, additional responsibilities have been assigned to the agency in the form of the Georgia Credit Union Act (1925); Trust Company Laws of Georgia (1927); Georgia Sale of Check Act (1965); The Fiduciary Investment Company Act (1970); International Bank Agency Act (1972); Georgia Business Development Corporation Act (1972); Regulation of Check Coshers (1990); and the Georgia Residential Mortgage Act (1993). Provisions of Title 7 of the Code of Georgia relating to Bank Holding Companies were substantially amended effective July 1, 1976, to permit multi bank holding companies under Department supervision. In 1994, Georgia expanded its Regional Interstate Banking Law to recognize nationwide acquisitions, to be effective July 1, 1995, -15- CHART REFLECTS ALL ENTITIES LICENSED AND/OR REGULATED BY THE DEPARTMENT STATE CHARTERED BANKS, CREDIT UNIONS, SAVINGS AND LOANS, TRUST COMPANIES, INTERNATIONAL AGENCIES, HOLDING COMPANIES, CHECK SELLERS, CHECK CASHERS, AND MORTGAGE BROKERS, LENDERS, AND REGISTRANTS 1989 - 1994 INSTITUTIONS REGULATED/LICENSED 3000 1989 - 1994 2500 2000 1500 1000 500 1989 1990 T 1991 T 1992 1993 1994 NOTE: The number of entities regulated by the Department has increased from 1,234 in 1989 to 2,780 in 1995. The rapid growth in the number of entities regulated during 1993 was primarily the result of the establishment of the Mortgage Division and the initiation of the mortgage broker/iender licensing program. -16- FISCAL YEAR 1994 RECEIPTS AND DISBURSEMENTS REVENUES COLLECTED Bank Fees..........................................................................................................$6,975,418.00 Check Cosher Fees ........................................................................................... 61,220.00 Credit Union Fees.............................................................................................. 731,897.00 Fiolding Company Fees .................................................................................. 360,060.00 International Bank Fees .................................................................................... 73,775.00 Mortgage Fees.................................................................................................. 860,243.00 Sale of Check Fees............................................................................................. 57,396.00 Miscellaneous Fees...................................................................................... 9.683.50 TOTAL RECEIPTS......................................................................................................... S9.129.692.50 DISBURSEMENTS Personal Services ........................................................................................... $6,426,116.88 Motor Vehicle Expense...................................................................................... 94,738.67 Supplies and Materials ...................................................................................... 76,685.34 Repairs and Maintenance ............................................................................... 40,269.81 Travel Expense .................................................................................................. 337,025.67 Motor Vehicle Equipment Purchase............................................................ 143,878.80 Printing ................................................................................................................... 13,865.14 Equipment Purchases...................................................................................... 338,956.13 Office Rent......................................................................................................... 279,555.08 Computer Charges ........................................................................................... 63,986.34 Communications ................... 54,456.14 Per Diem and Fees................................................................................................ 5,039.46 Other Operating Expenses........................................................................ 150.439.93 TOTAL DISBURSEMENTS........................................................................................... $8.025.013.39 Note: Total Revenues collected are remitted to the office of the Treasury and Fiscal Services. AN OVERVIEW OF THE FINANCIAL SERVICE PROVIDERS REGULATED BY THE DEPARTMENT OF BANKING AND FINANCE INTRODUCTION The financial and statistical information contained in this report has been compiled from the annual reports of condition submitted by the 316 state-chartered banks, one statechartered trust company, 69 national banks, one national trust company, and 98 statechartered credit unions, one state-chartered savings bank, and 24 licensed money order companies operating in this state, and other statistical information made available through the examination, investigation and licensing of financial institutions and other entities under the supervision of the Department of Banking and Finance, This report, required by Section 7-1 -74 of the Official Code of Georgia Annotated, provides factual and statistical information useful to the financial industry, financial institutions and individuals who might be engaged in economic studies or might otherwise be interested in the evolution of Georgia's banking structure and related financial services industries. BANKS As reflected in year-end call reports, the banking system in Georgia grew 10.5% in 1994. Total assets for the state-chartered and national banks amounted to $99,537,000,000, reflecting a substantial increase of $9,465,000,000 from the end of 1993. An increase in bank chartering, branching and conversion activity was noted in 1994. During the year, one new bank completed the chartering process, one bank which had been approved in 1992 opened for business, two banks converted from national to state charter, and one state-chartered bank converted to a federally chartered savings and loan association. Also, one phantom bank was chartered to serve as a merger partner. Thirty-four new banking offices and facilities were opened or acquired during the year while thirty-one bank offices were closed. Eleven banks found it cost efficient to merge into other banks and Articles of Dissolution were issued for one bank. At year end, there were 316 state-chartered banks with 576 banking locations operating in Georgia. Articles of Amendment of Articles of Incorporation were approved for three banks to increase their authorized stock; no banks changed the par value of their shares; seven financial institutions changed their names. Three miscellaneous Articles of Amendment of Articles of Incorporation were approved. Permission was issued for ten banks to issue authorized but unissued shares through stock dividends or sales. -18- HOLDING COMPANIES After a lull of several years, holding company formation and acquisition activity resumed its strong pace during 1994, The Department approved 45 applications by financial holding companies to acquire controlling interest in financial institutions. Of this amount, 11 of these applications were approved to establish new financial holding companies, and 34 applications were approved for additional acquisitions. During 1993, there were only 28 such applications. The fact that more holding companies are now in the acquisition mode is an indicator of the favorable financial climate prevalent in Georgia during 1994. At year-end, there were 227 financial holding companies regulated by the Department. INTERNATIONAL BANKING One new International Agency was licensed during 1994, and two agencies decided to consolidate their international development into offices in other states. The recent political developments in Europe as well as basic changes in business development plans have caused these changes. The year ended with twenty international bank agencies and five representative offices of international banks registered or authorized to do business in Georgia. There are also five Domestic International Banking Facilities operating in the state, These entities are only empowered to accept off-shore deposits and grant off-shore loans which are in excess of $100,000. TRUST COMPANIES Trust activities continue to be conducted principally by bank trust departments. As of the end of the year, there was one state-chartered trust company, and one national trust company each operating as an independent institution, Other depository financial institutions may exercise limited trust powers in connection with individual retirement accounts authorized by the Employee Retirement Income Security Act of 1976 enacted by Congress. Also, a few financial institutions offer trust services through agency relationships with banks which are authorized to offer trust services. CREDIT UNIONS Credit unions operating under state charter have continued their successful operations during 1994. Consolidated financial and statistical reports of the 98 state-chartered credit unions reflect assets which now total $3,753,541,000, and which have decreased $157,342,000 or 4.0% since the beginning of the year. All state-chartered credit unions provide their members with deposit insurance through the National Credit Union Administration. During the year, seven credit unions relocated to other quarters, and one credit union voluntarily dissolved. - 19- MORTGAGE DIVISION On March 29, 1993, House Bill 237 was signed into law by the Governor as Article 13 of Title 7 of the Official Code of Georgia Annotated. This Article requires all persons who transact business as a mortgage broker or mortgage lender to be licensed on and after July 1, 1993. At the end of 1993, active licenses and registrations for mortgage brokers and mortgage lenders in existence numbered 1, 025. At the end of 1994, active licenses and registrations in existence numbered 1,235, a net increase of 210 during 1994. CHECK CASHERS Service provided by licensed check coshers has continued to increase during 1994. As of the end of the year, there were 222 check coshers licensed. In order to assure that the public is being properly serviced by this industry, the Department initiated an active program of conducting examinations of check cashing businesses. Many of the licensees were visited during the year, and were found, for the most part, to be operating within the confines of the law, A current listing of those businesses holding check cashing licenses or registrations can be obtained by contacting the Department. SALE OF CHECKS In 1965, the Department of Banking and Finance began supervising companies which sell traveler's checks and money orders to the residents of Georgia. Regular examinations of the companies which are headquartered in Georgia are performed, and an off-site financial review is performed on those companies headquartered elsewhere. Georgia is the only state which has a stringent minimum capital requirement for these companies, At the end of the year, 24 companies having a total of 5,900 agents throughout the state were licensed to do business . There was one new license granted in 1994. OTHER The Department is charged with the responsibility of supervising the operations of various other companies engaged in or related to the financial services industry. Examinations of bank data processing centers and cooperatives are performed on a regular basis. Also, one business development corporation receives annual examinations by this Department. Fiduciary investment companies are also subject to our review and supervision, however, as of the end of 1994, there were none in operation in Georgia, Loan Production Offices of In-State Banks While the banks of Georgia are not allowed to establish de novo branches across county lines (except for the Fulton/DeKalb exemption), eight state-chartered banks in Georgia have established loan production offices outside of their normal trade areas. These offices have been established to provide lending services where deposit relationships cannot be accepted. With one exception, these offices are located in the northern part of the state. -20- Domestic Offices of Out-of-State Banks Holding companies and banks which are headquartered outside of Georgia continue to find expansion opportunities within this state. While not all of these businesses engage in offering financial services to Georgia residents, 41 companies of this nature have registered offices within Georgia. These offices offer a diverse range of services, such as mortgage lending, commercial lending, finance company operations, and retail sales. GEORGIA DEPOSIT INSURANCE CORPORATION (GDIC) The GDIC was established through Title 7, Chapter 2 and is regulated by the Department. In 1991, the GDIC made the decision to discontinue its private deposit insurance for credit unions in the state of Georgia. Since that time, the privately insured state-chartered credit unions have become insured by the National Credit Union Share Insurance Fund. The GDIC is winding up its private deposit insurance functions in an orderly manner. The Department is monitoring this effort as regulator of the GDIC. Audited financial statements of the GDIC are available from the GDIC. MISCELLANEOUS Receiverships and Liquidations As of the end of 1994, there remain two banks which have been closed in previous years, but are still in the process of liquidation. The Citizens Bank , Dallas, Georgia, was closed on January 10, 1992. Unpaid claims due to the FDIC total $15,546,773. Assets having an estimated value of $2,577,905 remain as of December 31, 1994, to be liquidated to cover these claims. The First Community Bank of Cherokee, Woodstock, Georgia was closed March 31, 1992, Unpaid claims due to the FDIC total $9,514,670. Assets having an estimated value of $3,258,511 remain as of December 31, 1994, to be liquidated to cover these claims. No additional banks were closed during 1994. Name Reservations During 1994, the Department received 29 applications to reserve names for banking institutions to be operated in Georgia. This year's current applicants for name reservations are listed in the Department's monthly bulletin. -21 - SUMMARY OF ACTIVITIES OF STATE CHARTERED FINANCIAL INSTITUTIONS IN 1994 FINANCIAL INSTITUTION BANKS SAVINGS BANKS TRUST COMPANIES BUSINESS DEVELOPMENT CORPORATIONS SAVINGS & LOANS BRANCH BANKS, BANK OFFICES AND FACILITIES CREDIT UNIONS FINANCIAL HOLDING COMPANIES CHECK SELLERS CHECK CASHERS DOMESTIC INTERNATIONAL BANKING FACILITIES LOAN PRODUCTION OFFICES REPRESENTATIVE OFFICES OF OUT-OF-STATE BANKS INTERNATIONAL BANK AGENCIES INTERNATIONAL BANK REPRESENTATIVE OFFICES MORTGAGE BROKERS MORTGAGE LENDERS MORTGAGE REGISTRANTS TOTALS JANUARY 1, 1994 326 1 1 1 573 99 233 23 219 6 5 39 21 4 624 348 53 OPENED REGISTERED LICENSED 1 34 9 i 39 4 10 1 212 103 22 CONVERTED -1 +2 MERGED -11 CLOSED LIQUIDATED DEREGISTERED -1 TOTALS DECEMBER 31, 1994 316 1 1 1 -31 576 -1 98 7 -8 227 24 -36 222 -i 5 -1 8 -8 41 -1 20 5 94 742 29 422 4 71 -22- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES OLEAD BANK) NAME CITY APPROVED ADAIRSVILLE BANCSHARES, INC *Bank of Adairsville ADAIRSVILLE Adairsville 11-02-87 MONTGOMERY COUNTY BANKSHARES, INC. Montgomery County Bank AILEY Ailey 1-27-87 FIRST NATIONAL FINANCIAL CORPORATION 'First National Bank of South Georgia ALBANY Albany 2-19-90 FIRST STATE CORPORATION 'First State Bank & Trust Company First State Bank and Trust Company in Cordele ALBANY Albany Cordele 2-04-81 FOUR COUNTY BANCHSARES, INC. 'The Four County Bank Peoples State Bank ALLENTOWN Allentown Jeffersonville 2-14-89 FIRST BANK SHARES OF THE SOUTH EAST, INC. 'The First National Bank of Alma ALMA Alma 6-11-85 SOUTH BANKING COMPANY 'Alma Exchange Bank & Trust Peoples State Bank & Trust Citizens State Bank ALMA Alma Baxley Kingsland 11-20-80 FIRST COLONY BANCSHARES, INC. 'First Colony Bank ALPHARETTA Alpharetta 6-06-88 COMMUNITY NATIONAL BANCORPORATION 'Community National Bank ASHBURN Ashburn 2-19-90 FIRST AMERICAN BANCORP 'First American Bank and Trust Company ATHENS Athens 4-02-86 GEORGIA NATIONAL BANCORP, INC 'Georgia National Bank ATHENS Athens 7-25-91 BANK SOUTH CORPORATION 'Bank South, National Association ATLANTA Atlanta 7-01-76 BROADSTREET, INC. 'AmTrade International Bank of Georgia ATLANTA Atlanta 3-04-93 CITIZENS BANCSHARES CORP. 'Citizens Trust Bank ATLANTA Atlanta 7-01-76 COMMERCIAL BANCORP OF GEORGIA, INC. 'Commercial Bank of Georgia ATLANTA Atlanta 5-25-88 -23- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES OLEAD BANK) NAME CITY APPROVED COMMUNITY BANK CAPITAL CORPORATION *Bank of North Georgia ATLANTA Canton 12-29-92 COMMUNITY FINANCIAL SERVICES, INC, *The Bankers Bank ATLANTA Atlanta 11-18-85 EMBRY BANKSHARES, INC. *Embry National Bank ATLANTA Atlanta 11-12-87 FIRST FINANCIAL MANAGEMENT CORPORATION NATIONAL BANCARD CORPORATION `First Financial Bank ATLANTA SUNRISE, FL Atlanta 5-31-89 12-30-92 SUMMIT BANK CORPORATION *The Summit National Bank ATLANTA Atlanta 9-11-87 SUNTRUST BANKS, INC. Trust Company Bank of North Georgia TRUST COMPANY OF GEORGIA Trust Company Bank of South Georgia, N.A. Trust Company Bank of Northeast Georgia, N.A. Trust Company Bank Trust Company Bank of Augusta, N.A. Trust Company Bank of Southeast Georgia, N.A. Trust Company Bank of Columbus, N.A. Trust Company Bank of Middle Georgia, N.A. Trust Company Bank of Northwest Georgia, N.A. Trust Company of Georgia Bank of Savannah, N.A. THIRD NATIONAL CORPORATION SUN BANKS, INC. ATLANTA Gainesville ATLANTA Albany Athens Atlanta Augusta Brunswick Columbus Macon Rome Savannah NASHVILLE, TN ORLANDO, FL 1-11-85 7-01-76 3-24-87 BANKERS FIRST CORPORATION 'Bankers First Savings Bank, FSB AUGUSTA Augusta 4-17-84 GEORGIA BANK FINANCIAL CORPORATION Georgia Bank & Trust Company of Augusta AUGUSTA Augusta 11-27-91 INVESTORS FINANCIAL CORPORATION Bainbridge National Bank BAINBRIDGE Bainbridge 2-14-91 PORT CITY HOLDING COMPANY, INC. *The First Port City Bank BAINBRIDGE Bainbridge 8-11-81 UNITED BANK CORPORATION United Bank United Bank of Griffin United Bank of Pike AMSOUTH BANCORPORATION AmSouth Bank of Georgia BARNESVILLE Barnesville Griffin Zebulon BIRMINGHAM, AL Summerville 11-25-81 12-31-92 -24- NAME FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) CITY APPROVED SOUTHTRUST CORPORATION 'SouthTrust Bank of Columbus, N.A. SOUTHTRUST OF GEORGIA, INC *SouthTrust Bank of Georgia, N.A. SOUTHTRUST BANK OF GEORGIA, N.A. *SouthTrust Estate and Trust Company of GA,, N.A. BIRMINGHAM, AL Columbus ATLANTA Atlanta ATLANTA Atlanta PEOPLES BANKING CORPORATION 'Peoples Bank BLACKSHEAR Blackshear UNITED COMMUNITY BANKS, INC. `Union County Bank Peoples Bank of Fannin County Towns County Bank BLAIRSVILLE Blairsville Blue Ridge Hiawassee EARLY BANCSHARES, INC. `Bank of Early BLAKELY Blakely FIRST STATE BANCSHARES OF BLAKELY, INC. `First State Bank of Blakely BLAKELY Blakely FIRST GEORGIA HOLDING, INC. `First Georgia Savings Bank, FSB BRUNSWICK Brunswick FIRST HARALSON CORPORATION `The First National Bank of Haralson County BUCHANAN Buchanan GRADY HOLDING COMPANY `First National Bank of Grady County CAIRO Cairo CAMILLA BANCSHARES, INC,. `Bank of Camilla CAMILLA Camilla P & C BANK SHARES, INC. `Planters & Citizens Bank CAMILLA Camilla B C BANKSHARES, INC, `Bank of Canton CANTON Canton SECURITY BANCORP, INC. `Security State Bank CANTON Canton UNITED SECURITY BANCSHARES, INC. `United Security Bank CANTON Sparta FIRST BANKS, INC. First Bank and Trust `The Bank of Toccoa CARNESVILLE Carnesville Toccoa 5-31-89 1-10-84 4-28-92 2-28-90 2-04-88 2-02-93 6-13-86 4-28-88 3-06-84 6-30-78 3-24-92 12-30-80 9-05-84 5-17-89 2-21-84 4-13-81 -25- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME '' CITY APPROVED WGNB CORP. 'West Georgia National Bank of Carrollton BARTOW BANCSHARES, INC. 'Bartow County Bank FIRST COMMUNITY BANCORP, INC. 'First Community Bank & Trust FIRST POLK BANKSHARES, INC. 'The First National Bank of Polk County FIRST UNION CORPORATION FIRST UNION CORPORATION OF GEORGIA 'First Union National Bank of Georgia NATIONSBANK CORPORATION 'NationsBank of Georgia, N.A. FIRST CHATSWORTH BANCSHARES, INC. 'The First National Bank of Chatsworth FIRST CLAYTON BANCSHARES, INC. 'First Clayton Bank & Trust LIBERTY BANCORP OF GEORGIA, INC. 'Rabun County Bank WHITE COUNTY BANCSHARES, INC. 'White County Bank PEOPLES COMMUNITY BANCSHARES, INC. 'Peoples Community Bank Pineview State Bank TB&C BANCSHARES, INC. SYNOVUS FINANCIAL CORP. Security Bank and Trust Company of Albany Sumter Bank and Trust Company Athens First Bank & Trust Company The Coastal Bank of Georgia Citizens Bank and Trust of West Georgia The Citizens Bank of Cochran 'Columbus Bank and Trust Company Synovus Trust Company Columbus Universal Bank The Citizens Bank Bank of Hazlehurst Commercial Bank & Trust Company of Troup County CARROLLTON Carrollton CARTERSVILLE Cartersville CARTERSVILLE Cartersville CEDARTOWN Cedartown CHARLOTTE, NC ATLANTA Atlanta CHARLOTTE, NC Savannah CHATSWORTH Chatsworth CLAYTON Clayton CLAYTON Clayton CLEVELAND Cleveland COLQUITT Colquitt Pineview COLUMBUS COLUMBUS Albany Americas Athens Brunswick Carrollton Cochran Columbus Columbus Columbus Fort Valley Hazlehurst LaGrange 8-12-85 4-28-83 10-18-89 5-20-86 3-17-86 7-01-76 12-12-85 3-03-83 10-06-89 5-12-83 9-19-84 4-09-91 8-25-86 7-01-76 -26- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES OLEAD BANK) NAME CITY APPROVED SYNOVUS FINANCIAL CORP. (Continued) The National Bank of Walton County Bank of Coweta Peachtree National Bank Citizens First Bank Sea Island Bank Commercial Bank First Community Bank of Tifton First State Bank and Trust Company of Valdosta CB&T Bank of Middle Georgia COHUTTA BANCSHARES, INC. Cohutta Banking Company FIRST COMMERCIAL BANCSHARES, INC. Monroe Newnan Peachtree City Rome Statesboro Thomasville Tifton Valdosta Warner Robins CHATSWORTH Chatsworth FORT RUCKER, AL 11-30-82 10-04-88 FIRST COMMERCE BANCORP, INC. "The First National Bank of Commerce COMMERCE Commerce 10-27-81 CENTRAL BANCSHARES, INC. 'Central Bank & Trust CORDELE Cordele 5-24-93 MID STATE BANKS, INC. 'Cordele Banking Company Planters Bank CORDELE Cordele Hawkinsville 3-05-80 COMMUNITY BANKSHARES INC. Community Bank & Trust - Jackson Community Bank & Trust - Habersham The Bank of Troup County CORNELIA Commerce Cornelia LaGrange 3-12-81 HABERSHAM BANCORP Habersham Bank CORNELIA Clarkesville 12-05-84 FNB NEWTON BANKSHARES, INC. First National Bank of Newton County COVINGTON Covington 11-30-84 MAIN STREET BANKS INCORPORATED Main Street Savings Bank, F.S.B. *The Bank of Covington Southern Heritage Savings Bank COVINGTON Conyers Covington Winterville 11-07-88 TCB BANCSHARES, INC. The Commercial Bank CRAWFORD Crawford 8-10-89 CENTURY SOUTH BANKS, INC. First National Bank of Union County Fannin County Bank, N.A. DAHLONEGA Blairsville Blue Ridge 4-20-82 -27- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED CENTURY SOUTH BANKS, INC. (Continued) 'Bank of Ddhlonega The Bank of Ellijay Georgia First Bank Dahlonega Ellijay Gainesville D/W BANKSHARES. INC 'Dalton/Whitfield Bank & Trust DALTON Dalton 3-18-94 HARDWICK HOLDING COMPANY First National Bank of Northwest Georgia `Hardwick Bank & Trust Company DALTON Calhoun Dalton 9-23-80 SOUTHEASTERN BANKING CORPORATION `Southeastern Bank DARIEN Darien 4-14-81 DAWSON BANCSHARES, INC. `Bank of Dawson DAWSON Dawson 9-19-83 DAWSON COUNTY BANCSHARES, INC. `Dawson County Bank FIDELITY SOUTHERN CORPORATION `Fidelity National Bank DAWSONVILLE Dawsonville DECATUR Decatur 12-03-84 12-18-79 M & F FINANCIAL CORPORATION `Merchants and Farmers Bank DONALSONVILLE Donalsonville 2-01-85 FNC BANCORP, INC. `First National Bank of Coffee County DOUGLAS Douglas 3-19-91 SOUTHLAND BANK CORP. `The Citizens State Bank Coffee County Bank Crawford County Bank DOUGLAS Butler Douglas Roberta 2-13-84 CITIZENS & MERCHANTS CORPORATION `Citizens & Merchants State Bank THORNTON HOLDING COMPANY, INC. `Douglas County Bank FARMERS BANCSHARES, INC. `Farmers State Bank The Security State Bank MORRIS STATE BANCSHARES, INC. `The Morris State Bank DOUGLASVILLE Douglasville DOUGLASVILLE Douglasville DUBLIN Cadwell McRae DUBLIN Dublin 11-09-89 12-17-81 7-24-79 5-24-89 -28- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED GWINNETT BANCORP, INC 'Gwinnett National Bank DULUTH Duluth 1-27-89 MT, VERNON FINANCIAL CORP. 'Mount Vernon Federal Savings Bank CCB FINANCIAL CORPORATION 'Central Carolina Bank - Georgia DUNWOODY Dunwoody DURHAM, NC Columbus 12-03-93 1-22-92 FIRST BANKSHARES, INC. 'First Bank of Georgia EAST POINT East Point 8-25-94 CITIZENS CORPORATION 'Citizens Bank & Trust Company Citizens Bank & Trust Company of Mount Vernon EASTMAN Eastman Mount Vernon 1-15-85 JESUP FAMILY LIMITED PARTNERSHIP 'Bank of Eastman EASTMAN Eastman 4-17-90 PEOPLES BANKSHARES, INCORPORATED 'The Peoples Bank PUTNAM-GREENE FINANCIAL CORPORATION 'Farmers & Merchants Bank First Bank of Coastal Georgia The Farmers Bank EATONTON Eatonton EATONTON Eatonton Pembroke Union Point 2-17-84 4-03-87 BOE BANCSHARES, INC. 'The Bank of Edison EDISON Edison MCCONNELL & CO., AND EBERHARDT, INC. JAM FAMILY PRTSHP 1, LP, & JAM FAMILY PRTSHP II, LP PINNACLE FINANCIAL CORPORATION 'First National Bank in Elberton Tri-County Bank of Royston ELBERTON ELBERTON ELBERTON Elberton Royston 3-05-84 12-23-93 12-23-93 4-01-83 MIDDLE GEORGIA CORPORATION 'Bank of Ellaville CBA BANKSHARES, INC. 'Citizens Bank of Americas ELLAVILLE Ellaville AMERICUS Americas 5-08-81 5-27-92 FAIRBANCO HOLDING COMPANY, INC. 'Fairburn Banking Company FAIRBURN Fairburn 6-11-84 SOUTHSIDE FINANCIAL GROUP, INC. 'Citizens Bank and Trust of Fayette County FAYETTEVILLE Fayetteville 6-04-94 -29- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED COLONY BANKCORP, INC. Ashburn Bank Bank of Dodge County *The Bank of Fitzgerald Community Bank of Wilcox Bank of Worth FITZGERALD Ashburn Eastman Fitzgerald Pitts Sylvester 4-15-83 COUNTRY BANK COMPANY *Monroe County Bank FORSYTH Forsyth 2-25-82 CATOOSA BANCSHARES, INC. 'Capital Bank FORT OGLETHORPE 12-15-80 Fort Oglethorpe FIRST NATIONAL BANCORP Citizens Bank Bank of Clayton The First National Bank of White County First National Bank of Habersham The Peoples Bank of Forsyth County The First National Bank of Paulding County The Commercial Bank Granite City Bank First National Bank of Gilmer County 'The First National Bank of Gainesville Bank of Banks County Pickens County Bank The First National Bank of Jackson County The Citizens Bank Bank of Villa Rica Barrow Bank & Trust Company GAINESVILLE Ball Ground Clayton Cleveland Cornelia Gumming Dallas Douglasville Elberton Ellijay Gainesville Homer Jasper Jefferson Toccoa Villa Rica Winder 5-11-81 LANIER BANKSHARES, INC. 'Lanier National Bank GAINESVILLE Gainesville 4-18-89 FIRST CITIZENS BANKSHARES, INC 'First Citizens Bank GLENNVILLE Glennville 12-16-80 CITIZENS FINANCIAL SERVICES, INC. 'Citizens Union Bank GREENSBORO Greensboro 6-17-85 FNB BANKING COMPANY The First National Bank of Barnesville 'First National Bank of Griffin GRIFFIN Barnesville Griffin 1-17-83 GF BANCSHARES, INC. 'Griffin Federal Savings Bank GRIFFIN Griffin 12-17-92 -30- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES OLEAD BANK) NAME CITY APPROVED THE BANK HOLDING COMPANY `The Bank of Spalding County First Community Bank of Henry County GRIFFIN Griffin McDonough 8-30-93 CCB BANCSHARES, INC, `Citizens Community Bank HAHIRA Hahira 12-15-82 LOWNDES BANCSHARES, INC. `Commercial Banking Company HAHIRA Hahira 9-16-85 MGEORGIA BANKSHARES, INC, `The Pulaski Banking Company HAWKINSVILLE Hawkinsville 3-23-87 COASTAL BANKSHARES, INC, `The Coastal Bank HINESVILLE Hinesville 7-07-82 LIBERTY SHARES, INC. `The Hinesville Bank HINESVILLE Hinesville 10-24-84 COMMUNITY TRUST FINANCIAL SERVICES CORPORATION `Community Trust Bank HIRAM Hiram 2-06-91 FIRST HOGANSVILLE BANKSHARES, INC. `The Citizens Bank EMPIRE BANK CORP., INC. `Empire Banking Company MCINTOSH BANCSHARES, INC. `McIntosh State Bank HOGANSVILLE Hogansville HOMERVILLE Homerville JACKSON Jackson 9-23-82 11-22-88 4-24-91 BARNETT BANKS, INC. ANB BANKSHARES, INC. `Barnett Bank of Southeast Georgia, N.A, SUNCOAST BANCORP, INC. FIRST CITY BANCORP, INC. `Barnett Bank of Southwest Georgia JACKSONVILLE, FL BRUNSWICK Brunswick VERO BEACH, FL ATLANTA Columbus 11-25-86 9-19-84 11-25-86 12-02-80 CRESCENT BANKING COMPANY `Crescent Bank and Trust Company JASPER Jasper 4-03-92 JBC BANCSHARES, INC. `Jasper Banking Company JASPER Jasper 7-10-85 WAYNE BANCORP, INC. `Wayne National Bank SOUTHERN CRESCENT FINANCIAL CORP. `Southern Crescent Bank JESUP Jesup JONESBORO Union City 6-14-90 10-19-89 -31 - FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED FIRST ALLIANCE BANCORP, INC, *First Alliance Bank KENNESAW Marietta 11-14-88 WESTSIDE FINANCIAL CORPORATION *The Westside Bank & Trust Company KENNESAW Kennesaw 07-05-94 FMB BANCSHARES, INC, 'Farmers and Merchants Bank The United Banking Company LAKELAND Lakeland Nashville 10-11-84 FIRST SECURITY BANKSHARES, INC. Braselton Banking Company Bank of Hartwell 'Northeast Georgia Bank LAVONIA Braselton Hartwell Lavonia 11-15-83 COMMERCIAL BANCORP OF GWINNETT, INC. 'Commercial Bank of Gwinnett LAWRENCEVILLE Lawrenceville 6-06-90 GWINNETT BANCSHARES, INC. 'Gwinnett Federal Bank, Federal Savings Bank LAWRENCEVILLE Lawrenceville 3-29-90 LAFAYETTE BANKSHARES, INC. 'The Bank of LaFayette, Georgia LAFAYETTE LaFayette 1-03-84 FLAG FINANCIAL CORPORATION 'First Federal Savings Bank of LaGrange LAGRANGE LaGrange 2-23-94 LINCOLN BANCSHARES, INC. 'Farmers State Bank LINCOLNTON Lincolnton 12-03-84 PERSONS BANKING COMPANY, INC. 'The Peoples Bank The Bank of Perry LITHONIA Lithonia Perry 8-22-80 THE QUEENSBOROUGH COMPANY 'The First National Bank & Trust Company Bank of Wadley LOUISVILLE Louisville Wadley 11-18-85 SOUTH GEORGIA BANKSHARES CORP. 'Peoples Bank LYONS Lyons 12-17-80 COMMUNITY FINANCIAL CORPORATION 'Community Bank & Trust Company MABLETON Mableton 5-09-88 -32- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED BANK CORPORATION OF GEORGIA First South Bank of Ben Hill County, N.A. *First South Bank, N.A. First South Bank of Middle Georgia, N.A. First South Bank of Coweta County, N.A. AMERICORP, INC. 'Ameribank, N.A, MACON Fitzgerald Fort Valley Macon Newnan SAVANNAH Savannah 5-13-80 12-27-84 FIRST LIBERTY FINANCIAL CORPORATION 'First Liberty Bank MACON Macon 7-16-85 SNB BANCSHARES, INC. 'Security National Bank MACON Macon 8-16-94 MADISON BANK CORP 'Bank of Madison MADISON Madison 7-10-85 F AND M HOLDING COMPANY, INC. *F & M Bank and Trust Company MANCHESTER Manchester 12-14-84 AMERICAN BANKSHARES, INC. 'Cobb American Bank and Trust Company MARIETTA Marietta 12-22-88 THREE RIVERS BANCSHARES 'Bank of Milan MILAN Milan 6-23-87 BALDWIN BANCSHARES, INC. 'First National Bank of Baldwin County CENTRAL AND SOUTHERN HOLDING COMPANY The Central and Southern Bank of Greensboro 'The Central & Southern Bank of Georgia MILLEDGEVILLE Milledgeville MILLEDGEVILLE Greensboro Milledgeville 2-14-89 3-06-81 CENTURY BANCORP, INC. 'Century Bank and Trust MILLEDGEVILLE Milledgeville 2-22-93 EXCHANGE BANKSHARES, INC. 'Exchange Bank MILLEDGEVILLE Milledgeville 10-05-83 REGIONS FINANCIAL CORPORATION 'Regions Bank of Georgia First Rome Bank MONTGOMERY, AL Columbus Rome 7-24-91 FMB BANKING CORPORATION 'First Merchants Bank MONTICELLO, FL Thomasville 11-25-86 -33- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED ABC BANCORP Cairo Banking Company 'American Banking Company Bank of Quitman Bank of Thomas County The Citizens Bank of Tifton MOULTRIE Cairo Moultrie Quitman Thomasville Tifton 3-23-81 THE NASHVILLE HOLDING COMPANY Adel Banking Company *The Citizens Bank NASHVILLE Adel Nashville 5-16-85 THE PRUDENTIAL INSURANCE COMPANY OF AMERICA The Prudential Savings Bank, FSB PRUCO, INC. *The Prudential Bank and Trust Company NEWARK, NJ Cartersville NEWARK, NJ Atlanta 6-27-83 6-27-83 FIRST CAPITAL BANCORP, INC. 'First Capital Bank NORCROSS Atlanta 6-28-93 FIRST GWINNETT BANCSHARES, INC. 'First Gwinnett Bank NORCROSS Norcross 7-20-90 FIRST SECURITY CORPORATION 'First Security National Bank NORCROSS Norcross 9-14-89 IRWIN BANKCORP, INC. 'The Bank of Ocilla, Georgia OCILLA Ocilla 9-24-84 PATTERSON BANKSHARES, INC. 'The Patterson Bank PATTERSON Patterson 1-17-86 FAYETTE COUNTY BANCSHARES, INC. 'Fayette County Bank PEACHTREE CITY Peachtree City 6-29-89 PBC BANCSHARES, INC. 'Pelham Banking Company PELHAM Pelham 10-25-90 CROSSROADS BANCSHARES, INC. 'Crossroads Bank of Georgia PERRY Perry 6-02-92 TATTNALL BANCSHARES, INC. 'The Tattnall Bank GEORGIA COMMUNITY BANCORP, INC. Bank of Terrell Commercial State Bank 'The Citizens State Bank REIDSVILLE Reidsville REYNOLDS Dawson Donalsonville Reynolds 3-03-86 10-25-84 -34- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED BRYAN BANCORP OF GEORGIA, INC. *Bryan Bank & Trust RICHMOND HILL Richmond Hill 8-11-89 CIRCUIT CITY STORES, INC. *First North American National Bank RICHMOND, VA Marietta 7-27-90 NW SERVICES CORPORATION Northwest Georgia Bank RINGGOLD Ringgold 12-14-83 TARA BANKSHARES CORPORATION Tara State Bank RIVERDALE Riverdale 7-10-87 FIRST COMMUNITY BANCSHARES, INC. First Rome Bank ROME Rome 3-17-88 STATE MUTUAL INSURANCE COMPANY STATCO, INC. 'Home Federal Savings Bank ROME ROME Rome 6-06-90 6-06-90 ROSSVILLE BANKSHARES, INC. 'Rossville Bank ROSSVILLE Rossville 8-13-84 NORTH FULTON BANCSHARES, INC. Milton National Bank ROSWELL Roswell 8-21-90 SOUTHERN BANK GROUP, INC. The Northside Bank & Trust Company ROSWELL Roswell 5-08-87 METRO FINANCIAL CORPORATION Metro Bank SANDY SPRINGS - 2-27-90 Sandy Springs SARDIS BANKSHARES, INC. Bank of Burke County SARDIS Sardis 11-05-86 THE SAVANNAH BANCORP, INC. *The Savannah Bank, National Association SAVANNAH Savannah 7-09-90 SB&T CORPORATION Smyrna Bank & Trust Co. SMYRNA Smyrna 10-22-87 BUTTON GWINNETT FINANCIAL CORP. The Bank of Gwinnett County GEORGIA CENTRAL BANCSHARES, INC. Georgia Central Bank SNELLVILLE Lawrenceville SOCIAL CIRCLE Social Circle 7-30-87 9-06-84 -35- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED SOPERTON NAVAL STORES, INC. SOPERTON BANCSHARES, INC. *The Bank of Soperton SOPERTON SOPERTON Soperton 7-01-92 8-26-88 FNB BANCSHARES, INC. 'First National Bank of Effingham GOLDEN ISLES FINANCIAL HOLDINGS, INC. The First Bank of Brunswick SPRINGFIELD Springfield ST. SIMONS ISLAND Brunswick 8-17-94 5-05-89 GENERAL ELECTRIC COMPANY GE FINANCIAL SERVICES, INC. GE CAPITAL CORPORATION Monogram Credit Card Bank of Georgia STAMFORD, CT STAMFORD, CT STAMFORD, CT Atlanta 6-27-88 EAGLE BANCORP, INC. Eagle Bank and Trust STATESBORO Statesboro FIRST BANKING COMPANY OF SOUTHEAST GEORGIA Metter Banking Company First Bulloch Bank & Trust Company STATESBORO Metter Statesboro HENRY COUNTY BANCSHARES, INC. *The First State Bank STOCKBRIDGE Stockbridge THE FIRST NATIONAL BANKSHARES OF HENRY COUNTY, INC. STOCKBRIDGE The First National Bank of Henry County Stockbridge SPIVEY BANK SHARES, INC. Spivey State Bank SWAINSBORO Swainsboro SWAINSBORO BANKSHARES, INC. The Citizens Bank of Swainsboro SWAINSBORO Swainsboro 3-05-90 2-08-82 3-07-83 10-16-89 8-25-86 5-27-92 SCREVEN BANCSHARES, INC. Farmers and Merchants Bank FIRST BANK HOLDING COMPANY Sylvester Banking Company WCG BANCSHARES, INC. West Central Georgia Bank ALLIED BANKSHARES, INC. Bank of Morgan County Bank of Millen Allied Bank of Georgia SYLVANIA Sylvania SYLVESTER Sylvester THOMASTON Thomaston THOMSON Madison Millen Thomson 10-15-90 8-22-83 12-10-82 12-03-84 -36- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED TIFTON BANKS, INC. 'Tifton Bank & Trust Company TRI-STATES BANKSHARES, INC. Bank of Dade TAG BANCSHARES, INC. Citizens Bank and Trust, Inc. SUMMERVILLE/TRION BANCSHARES, INC. First National Bank of Chattooga County EAGLE BANCSHARES, INC. Tucker Federal Savings and Loan Association MERIT HOLDING COMPANY Mountain National Bank Charter Bank and Trust Co. MIDDLE GEORGIA BANKSHARES, INC. Citizens Bank ALTAMAHA BANCSHARES, INC. 'Altamaha Bank and Trust Company PAB BANKSHARES, INC. Farmers and Merchants Bank *The Park Avenue Bank VB&T BANCSHARES CORP. Valdosta Bank and Trust DBT HOLDING COMPANY Darby Bank and Trust Company VIDALIA BANKSHARES, INC. First Community Bank of Vidalia DOOLY BANCSHARES, INC. Bank of Dooly CB FINANCIAL CORP. Citizens Bank WASHINGTON/WILKES HOLDING COMPANY Farmers and Merchants Bank JONES BANCSHARES, L.P. BLACKSHEAR BANCSHARES, INC. *The Blackshear Bank TIFTON Tifton TRENTON Trenton TRENTON Trenton TRION Summerville TUCKER Tucker TUCKER Tucker Marietta UNADILLA Vienna UVALDA Uvalda VALDOSTA Adel Valdosta VALDOSTA Valdosta VIDALIA Vidalia VIDALIA Vidalia VIENNA Vienna WARRENTON Warrenton WASHINGTON Washington WAYCROSS BLACKSHEAR Blackshear 3-14-91 4-27-82 6-28-91 2-14-86 1-24-86 4-24-91 10-31-83 11-03-80 8-02-82 11-29-90 1-26-90 5-27-92 4-03-85 1-09-86 3-20-86 10-29-93 12-18-90 -37- FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES (*=LEAD BANK) NAME CITY APPROVED WB&T BANKSHARES, INC. `Waycross Bank & Trust FIRST BURKE BANKING COMPANY `The First National Bank FIRST BANKSHARES OF WEST POINT, INC. `First National Bank of West Point ATKINSON COUNTY BANKSHARES CORPORATION `The Peoples Bank PEOPLES HOLDING COMPANY `The Peoples Bank WAYCROSS Waycross WAYNESBORO Waynesboro WEST POINT West Point WILLACOOCHEE Willacoochee WINDER Winder 11-22-89 2-26-86 7-13-83 9-18-80 11-17-83 WACHOVIA CORPORATION `Wachovia Bank of Georgia, National Association WOODBURY BANCSHARES, INC. `The Woodbury Banking Company TSB BANCORP, INC. `Talbot State Bank FIRST CHEROKEE BANCSHARES, INC. `First National Bank of Cherokee CSRA BANK CORP. `First State Bank WRIGHTSVILLE BANCSHARES, INC. The Knight State Bank `Bank of Wrightsville WINSTON-SALEM, NC 10-28-85 Atlanta WOODBURY Woodbury 12-08-83 WOODLAND Woodland 5-02-88 WOODSTOCK Woodstock 12-20-88 WRENS Wrens 5-14-90 WRIGHTSVILLE Dexter Wrightsville 11-03-86 NOTE: Bank and savings and loan subsidiaries located in other states are omitted. Formations and acquisitions occurring during 1994 are reflected in the listing above. A detailed listing can be requested by contacting the Department, -38- GEORGIA BANKS __________________________________ v DISTRIBUTION BY ASSET SIZE Legend | Over 1 Billion ( 9 Banks) Over 100 Million ( 95 Banks)! Ovor50 Mi||ion 316% Over 50 Million (122 Banks) Q Over 10 Million (152 Banks) HH Under 10 Million ( 8 Banks) | Over 100 Million 24.6% The chart above portrays the size distribution of the 384 national and statechartered banks located in Georgia, one state-chartered savings bank, and one state-chartered trust company. -39- ASSETS ABSTRACT OF REPORTS OF CONDITION OF STATE AND NATIONAL BANKS IN GEORGIA AS OF DECEMBER 31, 1994 WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1993 (AMOUNTS IN MILLIONS) 12-31-94 12-31-93 *386 Banks *399 Banks Gross Loans . . . .................................................................................... 64,152 Reserve for Loan Losses.....................................................................0-174) Unearned Income ........................................................................ n4~) Net Loans............................................................................................. 62,964 Lease Financial Receivables................................................................ 1,250 Interest Bearing Depository Balances................................................... 692 Securities............................................................................................... 19,790 Trade Account........................................................................................ 159 Federal Funds Sold and Securities Purchased under Agreement to Resell ......................................................... 4,253 TOTAL EARNING ASSETS....................................................................... 89,108 56,431 (1,066) ('122') 55,243 921 1,371 18,359 175 4,438 80,507 Cash and Non-Interest Bearing Depository Balances....................... 5,954 Bank Premises, Furniture and Fixtures ................................................ 1,453 Other Real Estate Owned........................................................................ 161 Intangible Assets...................................................................................... 352 All Other Assets................................................................................. 2.509 TOTAL ASSETS ................................................................................... 99.537 5,155 1,416 236 334 2,426 90,074 LIABILITIES Demand Deposits of IPC-Domestic ................................................ 12,828 Time and Savings Deposits of IPC - Domestic................................ 46,633 Deposits in Foreign Offices ................................................................. 2,618 Deposits of U.S. Government ............................................................... 524 Deposits of State, Counties and Municipalities.................................. 3,862 Certified and Officers'Checks ............................................................. 316 All Other Deposits............................................................................ 141 TOTAL DEPOSITS................................................................................... 66,922 Federal Funds Purchased and Securities Sold under Agreement to Repurchase ................................................ 15,446 Other Liabilities for Borrowed Money ................................................ 4,313 Mortgage Indebtedness........................................................................... 22 All Other Liabilities............................................................................ 2.824 TOTAL LIABILITIES................................................................................. 89,527 Subordinated Notes and Debentures....................................... 1,029 EQUITY CAPITAL Preferred Stock........................................................................................ 149 Common Stock........................................................................................ 592 Surplus...................................................................................................... 4,113 Undivided Profits and Capital Reserves ............................................ 3,996 Adjustments to Capital...................................................................... 131 TOTAL EQUITY CAPITAL ........................................................................ 8,981 12,334 46,252 883 528 2,932 333 12 63,274 11,263 3,426 24 3.068 81,055 564 150 604 3,714 3,987 ______ 8,455 TOTAL LIABILITIES, SUBORDINATED NOTES AND DEBENTURES, AND EQUITY CAPITAL .................................................. 99.537 `Includes one savings bank; does not include trust companies 90.074 -40- STATEMENT OF EARNINGS AND EXPENSES OF STATE AND NATIONAL BANKS IN GEORGIA AS OF DECEMBER 31, 1994 WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1993 (AMOUNTS IN MILLIONS) INTEREST INCOME 12-31-94 *386 Banks 12-31-93 *399 Banks Interest and Fees on Loans................................................................. 5,173 Income from Lease Financing ............................................................. 80 Interest on Balances with Depository Institutions.................................. 40 Income on Federal Funds Sold and Securities Purchased under Agreement to Resell ............................................................. 176 Interest and Dividends from Securities ..............................................1,050 Trading Account Interest .................................................................. 8 TOTAL INTEREST INCOME .................................................................... 6,527 4,366 59 37 110 1,105 H 5,688 TOTAL INTEREST EXPENSE ................................................................. 2,604 NET INTEREST INCOME ........................................................................ 3,923 TOTAL NONINTEREST INCOME ............................................................. 1,735 TOTAL OVERHEAD EXPENSE................................................................. 3,482 PROVISIONS FOR LOAN LOSSES............................................................ 386 SECURITIES GAINS AND LOSSES..................................................... (6} NET OPERATING INCOME BEFORE TAXES........................................... 1,784 APPLICABLE INCOME TAXES ........................................................... 573 NET OPERATING INCOME AFTER TAXES ..............................................1,211 EXTRAORDINARY INCOME OR EXPENSES, NET.............................. 0 NET INCOME ..........................................................................................1,211 INTEREST EXPENSE Interest on Deposits .......................................................................... 1,829 Expense on Federal Funds Purchased and Securities Sold under Agreement to Repurchase ........................ 556 Interest on Other Borrowed Money .................................................. 175 Interest on Mortgages and Leases............................................................ 2 Interest on Subordinated Notes and Debentures........................... 42 TOTAL INTEREST EXPENSE .................................................................... 2,604 2,168 3,520 1,554 3,251 424 24 1.423 442 981 U 992 1,755 301 83 3 26 2,168 OVERHEAD EXPENSE Salaries and Employee Benefits ....................... 1,322 Net Occupancy Expense of Bank Premises and Equipment Expenses ........................................................................ 412 Other Noninterest Expenses ........................................................... 1-748 TOTAL OVERHEAD EXPENSE................................................................. 3,482 1,249 392 1,610 3,251 `includes one savings bank; does not include trust companies -41 - CITY Abbeville Abbeville Adairsville Adel Adel Ailey Alamo Alapaha Albany Albany Albany Albany Allentown Alma Alma Alpharetta Americus Americus Ashburn Ashburn Athens Athens Athens Athens Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta COUNTY Wilcox Wilcox Bartow Cook Cook Montgomery Wheeler Berrien Dougherty Dougherty Dougherty Dougherty Wilkinson Bacon Bacon Fulton Sumter Sumter Turner Turner Clarke Clarke Clarke Clarke Fulton Fulton Fulton Fulton Fulton Dekalb Fulton Dekalb Fulton Fulton STATE AND NATIONAL BANKS NAME OF BANK Dorsey State Bank Wilcox County State Bank * Bank of Adairsville Adel Banking Company Farmers and Merchants Bank Montgomery County Bank Wheeler County State Bank Bank of Alapaha * First National Bank of South Georgia First State Bank & Trust Company Security Bank and Trust Company of Albany * Trust Company Bank of South Georgia, N.A. The Four County Bank Alma Exchange Bank & Trust * The First National Bank of Alma First Colony Bank Citizens Bank of Americus Sumter Bank and Trust Company Ashburn Bank * Community National Bank * Athens First Bank & Trust Company First American Bank and Trust Company * Georgia National Bank * Trust Company Bank of Northeast Georgia, N.A. AmTrade International Bank of Georgia * Bank South, National Association BEGIN BUSINESS 10-04-1972 04-22-1952 1899 03-01-1929 01-15-1948 03-01-1926 01-17-1945 03-25-1905 05-29-1991 03-31-1961 08-31-1970 11-01-1945 09-15-1941 10-14-1939 05-01-1951 01-18-1985 03-25-1937 10-28-1974 1900 08-06-1990 05-01-1929 11-01-1949 01-04-1988 1866 03-19-1993 12-07-1909 Capitol City Bank & Trust Company * Citizens Trust Bank Commercial Bank of Georgia * Embry National Bank First Capital Bank First Financial Bank * First Union National Bank of Georgia * The Bankers Bank 10-03-1994 08-17-1921 06-20-1988 12-07-1987 12-18-1989 05-07-1993 03-06-1970 01-31-1986 TOTAL ** ASSETS 4,529 25,616 28,582 47,728 36,691 57,077 17,628 35,893 46,086 325,466 183,269 535,627 25,236 39,445 80,984 55,760 89,375 164,710 75,755 61,076 478,217 89,341 65,965 307,225 127,669 6,872,695 7,171 133,306 126,181 63,109 78,170 260,534 9,083,576 303,242 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -42- CITY COUNTY Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Augusta Augusta Bainbridge Bainbridge Ball Ground Barnesville Barnesville Berwick Baxley Blackshear Blackshear Blairsville Blairsville Blakely Blakely Blue Ridge Blue Ridge Braselton Broxton Brunswick Brunswick Brunswick Brunswick Buchanan Buford Butler Byron Cadwell Fulton Fulton Fulton Fulton DeKalb Fulton Fulton Richmond Richmond Decatur Decatur Cherokee Lamar Lamar Brooks Appling Pierce Pierce Union Union Early Early Fannin Fannin Jackson Coffee Glynn Glynn Glynn Glynn Haralson Gwinnett Taylor Peach Laurens STATE AND NATIONAL BANKS NAME OF BANK Monogram Credit Card Bank of Georgia The Prudential Bank and Trust Company * SouthTrust Bank of Georgia, N.A. * SouthTrust Estate and Trust Company of Ga, NA * The Summit National Bank * Trust Company Bank * Wachovia Bank of Georgia, National Association Georgia Bank & Trust Company of Augusta * Trust Company Bank of Augusta, N.A. * Bainbridge National Bank The First Port City Bank Citizens Bank * The First National Bank of Barnesville United Bank Barwick Banking Company Peoples State Bank & Trust * The Blackshear Bank Peoples Bank * First National Bank of Union County Union County Bank Bank of Early First State Bank of Blakely * Fannin County Bank, N.A. Peoples Bank of Fannin County Braselton Banking Company Broxton State Bank * Barnett Bank of Southeast Georgia, N.A. The Coastal Bank of Georgia The First Bank of Brunswick * Trust Company Bank of Southeast Georgia, N.A. * The First National Bank of Haralson County Peoples Bank & Trust The Citizens State Bank Middle Georgia Bank Farmers State Bank BEGIN BUSINESS 06-27-1988 09-04-1945 04-25-1985 05-01-1992 03-10-1988 1891 1865 08-28-1989 1871 04-01-1991 10-07-1974 10-01-1926 04-02-1902 06-01-1972 06-01-1967 07-01-1966 1892 08-05-1946 01-04-1982 03-01-1950 04-28-1941 05-15-1937 05-31-1994 08-01-1986 12-18-1948 09-01-1966 1889 06-01-1950 07-02-1990 1894 03-04-1909 12-13-1984 09-04-1926 02-04-1963 08-23-1972 TOTAL ** ASSETS 2,735,384 1,349,798 3,393/488 1,957 106,216 10,966,412 14,550,358 158,734 414,564 70,250 58,847 85,090 66,123 63,562 5,905 33,699 29,536 72,624 45,140 211,664 40,587 68,668 63/482 86,903 7,789 19,629 209,419 143,105 56,666 404,117 111,493 98,454 29,950 100,212 52,045 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -43- CITY COUNTY Cairo Cairo Cairo Grady Grady Grady Calhoun Gordon Calhoun Camilla Camilla Canton Canton Canton Carnesville Carrollton Gordon Mitchell Mitchell Cherokee Cherokee Cherokee Franklin Carroll Carrollton Carroll Carrollton Carroll Cartersville Cartersville Cave Spring Cedartown Bartow Bartow Floyd Polk Chatsworth Chatsworth Murray Murray Chickamauga Walker Clarkesville Habersham Claxton Evans Claxton Evans Clayton Rabun Clayton Rabun Clayton Rabun Cleveland White Cleveland Cobbtown Cochran Cochran Colquitt Columbus White Tattnall Bleckley Bleckley Miller Muscogee Columbus Columbus Muscogee Muscogee STATE AND NATIONAL BANKS NAME OF BANK Cairo Banking Company Citizens Bank First National Bank of Grady County First National Bank of Northwest Georgia Georgia Bank & Trust Bank of Camilla Planters & Citizens Bank Bank of Canton Etowah Bank Security State Bank First Bank and Trust Citizens Bank and Trust of West Georgia The Community Bank of Carrollton West Georgia National Bank of Carrollton Bartow County Bank First Community Bank & Trust 1st Floyd Bank The First National Bank of Polk County Cohutta Banking Company The First National Bank of Chatsworth Bank of Chickamauga Habersham Bank The Claxton Bank Tippins Bank & Trust Company Bank of Clayton First Clayton Bank & Trust Rabun County Bank The First National Bank of White County White County Bank The Brown Bank The Citizens Bank of Cochran State Bank of Cochran Peoples Community Bank Barnett Bank of Southwest Georgia Central Carolina Bank - Georgia Columbus Bank and Trust Company BEGIN BUSINESS 11-23-1903 01-01-1904 06-19-1918 01-12-1905 02-15-1988 1890 05-24-1913 1892 01-29-1927 10-22-1990 08-01-1960 07-01-1947 06-15-1988 09-16-1946 03-28-1974 10-23-1989 06-15-1967 01-01-1920 01-24-1906 08-18-1975 05-10-1910 05-01-1904 02-24-1941 09-03-1940 07-01-1904 03-05-1990 10-10-1975 11-17-1986 10-29-1976 06-24-1970 07-01-1942 01-05-1922 10-19-1973 12-01-1934 05-28-1993 1889 TOTAL ASSETS 80,325 20,802 85,250 179,114 93,864 52,119 61,467 244,082 258,373 40,015 59,888 211,386 42,128 142,943 90/198 57,514 20,351 79,859 123,129 57,129 43,424 160,957 72,201 36,144 105,223 39,518 56,845 114,724 64,966 7438 43,953 69,102 43,945 353,282 22,213 1,553,577 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -44- CITY COUNTY Columbus Columbus Columbus Columbus Comer Commerce Commerce Conyers Cordele Cordele Cordele Cornelia Cornelia Covington Covington Crawford Gumming Gumming Cuthbert Dahlonega Dahlonega Dallas Dalton Dalton Danielsville Darien Dawson Dawson Dawsonville Dawsonville Decatur Decatur Muscogee Muscogee Muscogee Muscogee Madison Jackson Jackson Rockdale Crisp Crisp Crisp Habersham Habersham Newton Newton Oglethorpe Forsyth Forsyth Randolph Lumpkin Lumpkin Paulding Whitfield Whitfield Madison McIntosh Terrell Terrell Dawson Dawson DeKalb DeKalb STATE AND NATIONAL BANKS NAME OF BANK Regions Bank of Georgia SouthTrust Bank of Columbus,N. A. Trust Company Bank of Columbus, N.A. Universal Bank Merchants and Farmers Bank of Comer, Georgia Community Bank & Trust Jackson The First National Bank of Commerce Rockdale Community Bank Central Bank & Trust Cordele Banking Company First State Bank and Trust Compdny in Cordele Community Bank & Trust Habersham First National Bank of Habersham The Bank of Covington First National Bank of Newton County The Commercial Bank Lanier Bank & Trust Company The Peoples Bank of Forsyth County First State Bank of Randolph County Bank of Dahlonega Lumpkin County Bank The First National Bank of Paulding County Dalton/Whitfield Bank & Trust Hardwick Bank & Trust Company Bank of Danielsville Southeastern Bank Bank of Dawson Bank of Terrell Dawson County Bank First Community Bank of Dawsonville Bank Atlanta Fidelity National Bank BEGIN TOTAL BUSINESS ** ASSETS 07-29-1991 11-20-1989 109,163 131,555 1892 364,359 03-26-1990 10-10-1935 34,726 40,840 1892 49,544 01-01-1904 119/149 01-06-1989 06-30-1993 06-15-1927 01-03-1939 38,792 42,851 85,719 81,102 1900 152,519 09-15-1979 110,661 04-10-1901 08-28-1963 186,860 123,326 09-05-1924 10-08-1986 07-23-1984 39,864 52,377 121,606 01-02-1959 34,887 05-27-1914 12-14-1982 02-01-1922 123,275 31,852 170,811 04-30-1990 02-20-1922 107,231 241,204 01-15-1908 1889 07-01-1911 05-01-1936 07-13-1953 04-22-1991 48,048 245,823 58,905 68,527 55,023 39,951 12-15-1987 02-12-1974 35,174 428,928 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -45- CITY COUNTY Dexter Donalsonville Donalsonville Douglas Douglas Laurens Seminole Seminole Coffee Coffee Douglasville Douglasville Douglasville Dublin Dublin Dudley Duluth Duluth Dunwoody Douglas Douglas Douglas Laurens Laurens Laurens Gwinnett Gwinnett DeKalb East Point Eastman Eastman Eastman Eatonton Eatonton Edison Elberton Elberton Ellaville Ellijay Ellijay Fulton - Dodge Dodge Dodge Putnam Putnam Calhoun Elbert Elbert Schley Gilmer Gilmer Fairburn Fayetteville Fulton Fayette Fitzgerald Ben Hill Forsyth Monroe Forsyth Monroe Fort Oglethorpe Catoosa Fort Valley Peach Fort Valley Peach Franklin Heard Gainesville Hall Gainesville Hall Gainesville Hall Gainesville Hall Gainesville Hall STATE AND NATIONAL BANKS NAME OF BANK The Knight State Bank Commercial State Bank Merchants and Farmers Bank Coffee County Bank First National Bank of Coffee County Citizens & Merchants State Bank The Commercial Bank Douglas County Bank Farmers and Merchants Bank The Morris State Bank Bank of Dudley Citizens Bank of Gwinnett Gwinnett National Bank The Enterprise National Bank of Atlanta First Bank of Georgia The Bank of Dodge County Bank of Eastman Citizens Bank & Trust Company Farmers & Merchants Bank The Peoples Bank The Bank of Edison First National Bank in Elberton Granite City Bank Bank of Ellaville The Bank of Ellijay First National Bank of Gilmer County Fairburn Banking Company Citizens Bank and Trust of Fayette County The Bank of Fitzgerald The Farmers Bank Monroe County Bank Capital Bank The Citizens Bank First South Bank, N.A. The Bank of Heard County The First National Bank of Gainesville Georgia First Bank Gainesville Bank & Trust Lanier National Bank Trust Company Bank of North Georgia BEGIN BUSINESS 02-01-1967 12-16-1938 09-24-1925 07-01-1931 09-23-1991 10-06-1987 05-01-1942 06-24-1974 07-06-1910 10-02-1958 11-01-1905 04-16-1984 06-01-1989 06-01-1987 03-25-1988 09-26-1966 01-02-1919 04-01-1949 11-15-1922 05-01-1944 1904 03-12-1934 01-02-1928 09-16-1910 06-01-1914 08-29-1974 1902 08-06-1990 04-15-1976 1910 10-15-1908 08-07-1964 01-01-1907 10-15-1924 10-18-1905 1889 03-25-1985 02-01-1988 08-01-1989 1957 TOTAL ** ASSETS 30,146 40,343 41,526 56,333 44,051 50,102 136,877 51,198 196,294 74,347 43,467 74,852 42,211 53,103 65,790 28,317 76,779 71,293 71,683 54,659 36,103 121,334 102,794 42,522 105,730 49,392 73,314 70,581 89,814 40,004 33,089 61,148 60,523 111,518 39,422 999,757 101,510 103,759 61,381 318,320 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -46- CITY COUNTY Gibson Glennville Glennville Glascock Tattnall Tattnall Gray Greensboro Jones Greene Greensboro Greenville Greene Meriwether Griffin Griffin Griffin Haddock Hahira Hahira Hartwell Hawkinsville Hawkinsville Hazlehurst Hiawassee Hiawassee Hinesville Hinesville Hiram Hogansville Homer Homerville Irwinton Jackson Jasper Spalding Spalding Spalding Jones Lowndes Lowndes Hart Pulaski Pulaski Jeff Davis Towns Towns Liberty Liberty Paulding Troup Banks Clinch Wilkinson Butts Pickens Jasper Jasper Jefferson Pickens Pickens Jackson Jeffersonville Jesup Kennesaw Twiggs Wayne Cobb Kingsland LaFayette LaGrange LaGrange Camden Walker Troup Troup Lakeland Lanier STATE AND NATIONAL BANKS NAME OF BANK Bank of Gibson First Citizens Bank The Glennville Bank and Trust Company Bank of Gray The Central and Southern Bank of Greensboro Citizens Union Bank The Greenville Banking Company The Bank of Spalding County First National Bank of Griffin United Bank of Griffin Jones County Bank Citizens Community Bank Commercial Banking Company Bank of Hartwell Planters Bank The Pulaski Banking Company Bank of Hazlehurst Bank of Hiawassee Towns County Bank The Coastal Bank The Hinesville Bank Community Trust Bank The Citizens Bank Bank of Banks County Empire Banking Company Wilkinson County Bank McIntosh State Bank Crescent Bank and Trust Company Jasper Banking Company Pickens County Bank The First National Bank of Jackson County Peoples State Bank Wayne National Bank The Westside Bank & Trust Company Citizens State Bank The Bank of LaFayette, Georgia The Bank of Troup County Commercial Bank & Trust Company of Troup County Farmers and Merchants Bank BEGIN TOTAL BUSINESS ** ASSETS 11-27-1905 01-04-1943 01-18-1905 7,140 49,534 61,543 08-28-1909 10-14-1926 72,500 48,867 04-01-1946 1891 79,080 17,216 12-05-1986 05-12-1933 08-01-1927 07-25-1905 02-21-1927 04-05-1945 11-09-1961 1896 08-27-1949 10-01-1906 07-21-1909 12-08-1984 07-09-1970 11-15-1911 02-02-1988 12-11-1961 12-28-1974 06-01-1945 07-16-1907 09-18-1964 08-14-1989 59,489 145,754 88,683 4,084 42,473 21,354 52,393 52,731 49,842 40/136 100,787 35,089 73,407 135,209 63,254 26,388 58,798 47,691 22,204 69,186 44,443 03-12-1945 06-18-1977 01-01-1908 107,727 47,321 59,274 12-10-1969 09-26-1990 05-14-1990 13,348 33,198 51,248 10-27-1971 1899 12-15-1984 09-15-1941 11,447 105,997 25,799 131,883 1907 117478 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -47- CITY COUNTY Lavonia Lavonia Lawrenceville Lawrenceville Lawrenceville Leary Lenox Lincolnton Lithonia Lithonia Loganville Louisville Franklin Franklin Gwinnett Gwinnett Gwinnett Calhoun Cook Lincoln DeKalb DeKalb Walton Jefferson Lumber City Lumpkin Lyons Mableton Telfair Stewart Toombs Cobb Macon Bibb Macon Bibb Macon Macon Bibb Bibb Madison Madison Manchester Marietta Marietta Morgan Morgan Meriwether Cobb Cobb Marietta Marietta Cobb Cobb McDonough Henry McRae McRae Metter Metter Milan Milledgeville Telfair Telfair Candler Candler Telfair Baldwin Milledgeville Baldwin Milledgeville Baldwin STATE AND NATIONAL BANKS NAME OF BANK Northeast Georgia Bank Peoples Bank, Lavonia, Georgia The Bank of Gwinnett County The Brand Banking Company Commercial Bank of Gwinnett Jordan Banking Company Bank of Lenox Farmers State Bank First Southern Bank The Peoples Bank Bank of Loganville The First National Bank & Trust Company Bank of Lumber City Farmers State Bank Peoples Bank Community Bank & Trust Company First Macon Bank & Trust Company First South Bank of Middle Georgia, N.A. Security National Bank Trust Company Bank of Middle Georgia, N.A. Bank of Madison Bank of Morgan County F & M Bank and Trust Company Charter Bank and Trust Co, Cobb American Bank and Trust Company First Alliance Bank First North American National Bank First Community Bank of Henry County The Merchants & Citizens Bank The Security State Bank Metter Banking Company Pineland State Bank Bank of Milan The Central & Southern Bank of Georgia Century Bank and Trust Exchange Bank BEGIN TOTAL BUSINESS ** ASSETS 09-23-1940 10-10-1988 04-21-1988 07-17-1905 07-27-1990 01-03-1966 06-25-1907 12-02-1911 04-26-1989 1910 10-05-1946 01-01-1902 63,872 42467 126,987 201,801 72,149 7,159 17,158 46,909 36,588 50,340 32,007 82,891 07-02-1945 12-01-1911 06-01-1935 04-28-1986 11,343 27,082 34,383 65,046 07-15-1988 99,542 10-30-1992 28,187 11-03-1988 09-12-1912 78,117 531,849 1890 1898 02-21-1948 02-02-1989 04-17-1987 56,107 35,813 26,139 96,303 85,819 07-29-1985 11-19-1990 143,521 219,071 08-04-1984 49,071 03-28-1929 08-23-1972 08-26-1935 10-15-1962 10-01-1906 1884 40,891 29,542 76,570 27,831 17,742 158472 1898 06-01-1903 97,154 94,577 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -48- CITY COUNTY Milledgeville Baldwin Millen Millen Molena Monroe Jenkins Jenkins Pike Walton Monroe Monticello Moultrie Moultrie Mount Vernon Walton Jasper Colquitt Colquitt Montgomery Nashville Nashville Newington Newnan Newnan Newnan Berrien Berrien Screven Coweta Coweta Coweta Norcross Norcross Ocilla Ocilla Omega Gwinnett Gwinnett Irwin Irwin Tift Patterson Pierce Peachtree City Fayette Peachtree City Fayette Pearson Atkinson Pelham Mitchell Pembroke Bryan Perry Houston Perry Houston Pine Mountain Harris Pineview Wilcox Pitts Wilcox Powder Springs Cobb Quitman Quitman Brooks Brooks Reidsville Reynolds Richmond Hill Rincon Tattnall Taylor Bryan Effingham STATE AND NATIONAL BANKS NAME OF BANK First National Bank of Baldwin County Bank of Millen Ogeechee Valley Bank First Bank of Pike The National Bank of Walton County Walton Bank & Trust Co. Bank of Monficello American Banking Company Southwest Georgia Bank Citizens Bank & Trust Company of Mount Vernon The Citizens Bank The United Banking Company Bank of Newington Bank of Coweta The Bank of Newnan First South Bank of Coweta County, N.A. First Gwinnett Bank First Security National Bank The Bank of Ocilla, Georgia The First State Bank of Ocilla South Georgia Banking Company The Patterson Bank Fayette County Bank Peachtree National Bank The Citizens Exchange Bank Pelham Banking Company First Bank of Coastal Georgia The Bank of Perry Crossroads Bank of Georgia First Peoples Bank Pineview State Bank Community Bank of Wilcox Independent Bank & Trust Company Bank of Quitman The Citizens National Bank of Quitman The Tattnall Bank The Citizens State Bank Bryan Bank & Trust Effingham Bank & Trust BEGIN TOTAL BUSINESS ** ASSETS 07-03-1989 45,694 1893 01-07-1974 1899 1891 41,724 19,477 14,860 113,873 08-15-1988 02-10-1964 10-01-1971 01-03-1928 01-24-1901 27,391 39,640 98/473 202/402 25,251 03-01-1943 07-15-1924 08-14-1919 10-06-1972 11-23-1987 10-30-1992 60,328 44,756 21,263 150,710 58,277 27,156 11-30-1987 06-25-1985 10-01-1956 06-01-1943 01-02-1968 56,608 44/432 39/443 33,084 97,799 06-19-1907 11-03-1989 09-11-1986 05-12-1945 12-08-1936 02-11-1938 1889 09-14-1987 07-09-1990 09-20-1910 06-01-1906 01-11-1990 35,487 64,955 76,708 14,879 38,001 54,849 48,733 50,168 36,320 13,890 22,354 59,817 1888 08-25-1934 37,529 36,382 1900 09-08-1922 12-27-1989 03-14-1988 39,267 25,702 46,424 24,450 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -49- CITY COUNTY Ringgold Riverdale Riverdale Roberta Rochelle Rockmart Rome Rome Rome Catoosa Clayton Clayton Crawford Wilcox Polk Floyd Floyd Floyd Rossville Roswell Roswell Walker Fulton Fulton Royston Sandersville Franklin Washington Sandersville Sandy Springs Sardis Savannah Savannah Savannah Savannah Washington Fulton Burke Chatham Chatham Chatham Chatham Savannah Chatham Senoia Coweta Smyrna Snellville Cobb Gwinnett Social Circle Walton Soperton Treutlen Sparta Hancock Sparta Hancock Springfield Effingham St Simons Island Glynn St. Marys Camden Stapleton Jefferson Statesboro Bulloch Statesboro Bulloch Statesboro Bulloch Statesboro Bulloch STATE AND NATIONAL BANKS NAME OF BANK BEGIN Northwest Georgia Bank Peach State Bank Tara State Bank Crawford County Bank Rochelle State Bank United Bank & Trust Company Citizens First Bank First Rome Bank Trust Company Bank of Northwest Georgia, N.A. Rossville Bank Milton National Bank The Northside Bank & Trust Company Tri-County Bank of Royston Citizens Bank of Washington County The Geo. D. Warthen Bank Metro Bank Bank of Burke County AmeriBank, N.A. The Carver State Bank NationsBank of Georgia, N.A. The Savannah Bank National Association Trust Company of Georgia Bank of Savannah, N.A. Farmers and Merchants Community Bank Smyrna Bank & Trust Co. The Eastside Bank & Trust Company Georgia Central Bank The Bank of Soperton Bank of Hancock County United Security Bank First National Bank of Effingham Frederica Bank & Trust First National Bank Bank of Stapleton Eagle Bank and Trust Farmers & Merchants Bank First Bulloch Bank & Trust Company Sea Island Bank 08-01-1904 10-04-1989 03-17-1984 01-08-1901 08-01-1947 01-16-1990 01-01-1911 10-03-1988 1977 12-13-1963 01-18-1992 07-13-1987 09-01-1941 05-03-1965 03-18-1957 06-01-1984 07-02-1945 04-30-1985 06-04-1947 1887 08-22-1990 1889 1889 12-23-1985 01-22-1990 03-08-1924 1903 09-05-1904 06-01-1967 12-07-1989 12-12-1988 07-10-1989 1916 02-20-1991 02-17-1948 04-14-1934 1901 TOTAL BUSINES 170,871 42,683 54,326 28,922 15,673 26,693 138,051 132,684 262,309 81,250 51,733 102,746 84,267 70,747 67419 169,379 25454 63,115 19,837 16,784,140 90,382 480,813 25,563 111,164 49,609 42,853 35,660 55,100 10,956 34,354 45407 35,959 15,195 46,831 63,983 185,142 156479 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -50- CITY COUNTY Stockbridge Henry Stockbridge Summerville Summerville Summerville Henry Chattooga Chattooga Chattooga Swainsboro Swainsboro Sylvania Sylvester Sylvester Talbotton Thomaston Thomaston Thomasville Thomasvilie Thomasville Thomson Thomson Tifton Tifton Tifton Toccoa Toccoa Toccoa Trenton Trenton Tucker Tucker Twin City Emanuel Emanuel Screven Worth Worth Talbot Upson Upson Thomas Thomas Thomas McDuffie McDuffie Tift Tift Tift Stephens Stephens Stephens Dade Dade DeKalb DeKalb Emanuel Union City Union Point Uvalda Fulton Greene Montgomery Valdosta Lowndes Valdosta Valdosta Vidalia Vidalia Vienna Vienna Villa Rica Wadiey Lowndes Lowndes Toombs Toombs Dooly Dooly Carroll Jefferson STATE AND NATIONAL BANKS NAME OF BANK * The First National Bank of Henry County The First State Bank AmSouth Bank of Georgia Farmers & Merchants Bank * First National Bank of Chattooga County The Citizens Bank of Swainsboro Spivey State Bank Farmers and Merchants Bank Bank of Worth Sylvester Banking Company The Peoples Bank of Talbotton Bank of Upson West Central Georgia Bank Bank of Thomas County Commercial Bank First Merchants Bank Allied Bank of Georgia McDuffie Bank & Trust The Citizens Bank of Tifton First Community Bank of Tifton Tifton Bank & Trust Company The Bank of Toccoa The Citizens Bank Liberty Bank & Trust Bank of Dade Citizens Bank and Trust, Inc. DeKalb State Bank * Mountain National Bank Durden Banking Company, Incorporated Southern Crescent Bank The Farmers Bank Altamaha Bank and Trust Company First State Bank and Trust Company of Valdosta The Park Avenue Bank Valdosta Bank and Trust Darby Bank and Trust Company First Community Bank of Vidalia Bank of Dooly Citizens Bank Bank of Villa Rica Bank of Wadley BEGIN BUSINESS 12-11-1990 10-08-1964 02-01-1993 02-06-1926 05-22-1968 1900 03-01-1965 03-01-1946 06-22-1981 1898 1891 10-01-1951 04-15-1974 11-20-1911 07-22-1916 01-20-1967 1891 01-09-1989 04-15-1948 02-24-1937 04-18-1988 09-01-1911 03-16-1951 07-23-1984 01-12-1956 01-18-1988 08-05-1991 08-02-1988 07-05-1935 10-31-1988 09-06-1911 05-16-1966 03-01-1906 06-28-1971 08-06-1990 07-01-1934 10-14-1965 07-30-1976 07-01-1931 1899 01-01-1902 TOTAL ** ASSETS 30,782 182,557 202,353 140,053 31,141 47,365 74,275 63,031 35,727 45,181 14,122 109,237 51,554 13,372 204,057 21,071 442,211 40,883 59,251 105,197 53,658 82,509 86,044 18,206 45,833 42,926 39,693 88455 43,589 103,841 52,128 56,974 148,531 131,381 47,375 55,563 36,523 38,857 74,990 48,937 23,159 * Member of the Federal Reserve System ** Amounts are in Thousands as of 12-31-94 -51 - CITY COUNTY Warner Robins Houston Warrenton Warren Washington Wilkes Watkinsville Oconee Watkinsville Oconee Waycross Ware Waynesboro Burke West Point Troup Willacoochee Atkinson Winder Barrow Winder Barrow Winterville Clarke Woodbury Meriwether Woodland Woodstock Wrens Wrightsville Zebulon Talbot Cherokee Jefferson Johnson Pike STATE AND NATIONAL BANKS NAME OF BANK CB&T Bank of Middle Georgia Citizens Bank Farmers and Merchants Bank Bank of Georgia Oconee State Bank Waycross Bank & Trust First National Bank First National Bank of West Point The Peoples Bank Barrow Bank & Trust Company The Peoples Bank Southern Fleritage Savings Bank The Woodbury Banking Company Talbot State Bank First National Bank of Cherokee First State Bank Bank of Wrightsville United Bank of Pike BEGIN BUSINESS 01-04-1985 04-01-1902 03-14-1950 08-12-1985 02-01-1960 06-01-1988 01-01-1905 01-13-1906 01-15-1952 12-15-1987 10-30-1926 10-25-1985 09-29-1902 11-25-1907 11-27-1989 07-06-1964 1897 01-31-1905 TOTAL ** ASSETS 126,640 25,481 130,137 38,317 82,854 58,064 46,110 125,821 21,554 52,254 120,701 26,283 15,812 24,875 62,824 49,656 43,097 71,849 Member of the Federal Reserve System Amounts are in Thousands as of 12-31-94 NAME & LOCATION OF PARENT BANK BRANCH BANKS BRANCH BANK COUNTIES First State Bank & Trust Company Albany Security Bank and Trust Company of Albany Albany Trust Company Bank of South Georgia, National Association Albany Citizens Bank of Americus Americus Athens First Bank & Trust Company Athens Trust Company Bank of Northeast Georgia, National Association Athens Bank South, National Association Atlanta The Chattahoochee Bank Atlanta Citizens Trust Bank Atlanta Commercial Bank of Georgia Atlanta Embry National Bank Atlanta First Capital Bank Atlanta Clay, Decatur, Lee, Randolph Miller Ben Hill, Coffee, Dougherty, Irwin, Mitchell, Terrell, Thomas, Tift, Worth Webster Franklin, Hart, Jackson, Oconee, Walton Morgan, Hall Barrow, Ben Hill, Bibb, Camden, Chatham, Clarke, Clayton, Cobb, Coffee, DeKalb, Fayette, Forsyth, Gwinnett, Henry, Houston, Jasper, Monroe, Muscogee, Rockdale, Spalding, Ware, Washington Cobb, DeKalb DeKalb Cobb Fulton Gwinnett -53- NAME & LOCATION OF PARENT BANK BRANCH BANKS BRANCH BANK COUNTIES First Union National Bank of Georgia Atlanta The Merchant Bank of Atlanta Atlanta Reliance Trust Company Atlanta SouthTrust Bank of Georgia, N.A. Atlanta Summit National Bank Atlanta Trust Company Bank Atlanta Wachovia Bank of Georgia, National Association Atlanta Georgia Bank & Trust Company of Augusta Augusta Trust Company Bank of Augusta National Association Augusta Peoples Bank Blackshear Bibb, Bleckely, Burke, Chatham, Chattahoochee, Cherokee, Clayton, Cobb, Colquit, Columbia, Coweta, DeKalb, Dougherty, Douglas, Fayette, Floyd, Glynn, Gwinnett, Haralson, Harris, Henry, Jones, Laurens, Liberty, Lowndes, Macon, Murray, Muscogee, Newton, Peach, Pike, Pulaski, Putnam, Richmond, Rockdale, Screven, Spalding, Sumter, Toombs, Ware, Whitfield, Wilkes Clayton, Cobb, DeKalb Fulton Bartow, Carroll, Clayton, Cobb, DeKalb, Douglas, Fayette, Gwinnett, Haralson, Henry, Jackson, Lowndes, Rockdale Cobb Carroll, Cayman Islands, Cherokee, Clayton, Cobb, DeKalb, Douglas, Gwinnett, Henry, Rockdale DeKalb, Fayette, Forsyth, Gordon, Gwinnett, Hall, Houston, Lumpkin, Bartow, Bibb, Bulloch, Chatham, Cherokee, Clayton, Cobb, Colquit, Macon, Richmond, Sumter, Walton, Wayne, Whitfield Columbia McDuffie Ware -54- BRANCH BANKS NAME & LOCATION OF PARENT BANK BRANCH BANK COUNTIES Barnett Bank of Southeast Georgia, National Association Brunswick The Coastal Bank of Georgia Brunswick Trust Company Bank of Southeast Georgia, National Association Brunswick First National Bank of Northwest Georgia Calhoun Cairo Banking Company Cairo Etowah Bank Canton Citizens Bank and Trust of West Georgia Carrollton Cohutta Banking Company Chatsworth Barnett Bank of Southwest Georgia Columbus Columbus Bank and Trust Company Columbus Trust Company Bank of Columbus, N.A. Columbus The First National Bank of Commerce Commerce Southeastern Bank Darien Fidelity National Bank Decatur Camden, Wayne Camden Appling, Ware, Wayne Bartow Thomas Cobb, Fulton, Paulding Haralson Walker Grady, Lowndes, Meriwether, Thomas Chattahoochee, Meriwether Troup Macon, Marion, Habersham, Oglethorpe Brantley, Camden, Charlton, Coffee, Jeff Davis Fulton, Cobb -55- NAME & LOCATION OF PARENT BANK BRANCH BANKS BRANCH BANK COUNTIES First South Bank, National Association Fort Valley Trust Company Bank of North Georgia Gainesville Citizens Community Bank Hahira The Coastal Bank Hinesville The First National Bank & Trust Company Louisville First Liberty Bank Macon Trust Company Bank of Middle Georgia, National Association Macon The Central & Southern Bank of Georgia Milledgeville Moultrie National Bank Moultrie Bank of Coweta Newnan Peachtree National Bank Peachtree City Trust Company Bank of Northwest Georgia, National Association Rome Johnson, Macon, Newton, Turner Fannin, Forsyth, Gwinnett, Habersham, White Brooks Chatham, Long Burke Emanuel Houston Coffee, Telfair Baker Meriwether Clayton Polk -56- NAME & LOCATION OF PARENT BANK BRANCH BANKS BRANCH BANK COUNTIES NationsBank of Georgia, N.A. Savannah AmSouth Bank of Georgia Summerville Allied Bank of Georgia Thomson Mountain National Bank Tucker Southern Crescent Bank Union City Farmers and Merchants Bank Washington First National Bank of Cherokee Woodstock North Georgia National Bank Woodstock Barrow, Bartow, Ben Hill, Bibb, Butts, Carroll, Chatham, Clarke, Clayton, Cobb, Colquitt, Coweta, Decatur, DeKalb, Dougherty, Douglas, Effingham, Fannin, Fayette, Floyd, Fulton, Gwinnett, Hart, Henry, Houston, Laurens, Lowndes, Polk, Richmond, Rockdale, Thomas, Tift, Troup, Upson, Whitfield Catoosa, Floyd, Gordon Columbia, Jefferson, McDuffie, Richmond, Thompson Gwinnett Clayton Taliaferro Cobb Fulton -57- INTERNATIONAL BANK AGENCIES (O.C.G.A. 7-1-710) NAME AND ADDRESS FOREIGN LOCATION AGENT, TELEPHONE DATE PERMIT ISSUED ABN AMRO Bank N. V. Suite 1200 One Ravinla Drive Atlanta, GA 30346-2103 TheBank of Nova Scotia Suite 2700 600 Peachtree Street, NE Atlanta, GA 30308 The Bank of Tokyo, Limited - Atlanta Agency 133 Peachtree St, NE., Ste 5050 5050 Georgia Pacific Center Atlanta, GA 30303-1821 Barclays Bank PLC 300 Galleria Parkway, NW Suite 800 Atlanta, GA 30339-3152 Canadian Imperial Bank of Commerce Suite 1200 2727 Paces Ferry Road Atlanta, GA 30339-3151 Commerzbank Aktiengesellschaft Promenade Two, Suite 3500 1230 Peachtree Street, NE Atlanta, GA 30309-3200 Credit Lyonnais Suite 1700 235 Peachtree Street, NE Atlanta, GA 30303-1406 Credit Suisse Suite 3500 191 Peachtree Street, NW Atlanta, GA 30303-1757 TheDai-lchi Kangyo Bank, Limited Suite 2400 285 Peachtree Center Ave., NE Atlanta, GA 30303-1229 The Daiwa Bank, Limited One Peachtree Center, Ste 4420 303 Peachtree Street Atlanta, GA 30308 Amsterdam, The Netherlands Toronto, Ontario, Canada Tokyo, Japan London, England Toronto, Ontario, Canada Frankfurt, West Germany Paris, France Zurich, Switzerland Tokyo, Japan Osaka, Japan W.Patrick Fischer Senior Vice President 404-396-0066 June 24, 1977 William J. Brown Vice President 404-877-1500 May 27, 1977 Kunlo Suzuki General Manager. 404-577-2960 February 15, 1991 G. Alister Bazaz Vice President 404-859-2400 June 11, 1976 William J. Maron Managing Director 404-319-4999 April 05, 1978 Andreas Bremer Sr. Vice President 404-888-6500 October 31, 1978 David M. Cawrse Vice President 404-524-3700 November 06, 1980 Robert N. Finney Vice President 404-577-6100 November 27, 1978 Noboru Flasegawa General Manager 404-581-0200 December 01, 1987 Michael Sawicki Vice President 404-524-6544 January 03, 1990 GA ASSETS 534,893 3,167,093 324,679 686,519 431,869 * Agencies with no assets shown operate as Representative Offices only -58- INTERNATIONAL BANK AGENCIES (O.C.G.A. 7-1-710) NAME AND ADDRESS FOREIGN LOCATION AGENT, TELEPHONE DATE PERMIT ISSUED GA ASSETS DG BankDeutsche Genossenschaftsbank Suite 2900, One Peachtree Center 303 Peachtree Street, NE Atlanta, GA 30308 Frankfurt, Germany The Fuji Bank, Limited Marquis One Tower, Suite 2100 245 Peachtree Center Ave., NE Atlanta, GA 30303-1208 Tokyo, Japan The Industrial Bank of Japan, Limited Tokyo, Japan One Ninety One Peachtree Tower 191 Peachtree Street, NE, Ste 3600 Atlanta, GA 30303-1757 Kredietbank, N.V. Two Midtown Plaza, Ste 1750 1349 West Peachtree Street Atlanta, GA 30309 Brussels, Belgium National Bank of Canada Suite 800 200 Galleria Parkway, NW Atlanta, GA 30339-5945 Montreal, Quebec, Canada John W. Somers Senior Vice President 404-524-3966 May 31, 1989 Terumasa Yamaski General Manager 404-653-2100 December 09, 1987 Shusai Nagai General Manager 404-524-8770 September 25, 1990 Nancy D. Halwig Senior Representative 404-876-2556 March 20, 1980 William R. O'Conner Vice President 404-980-0588 April 10, 1985 709,759 665,167 TheSakura Bank, Limited Marquis One Tower, Suite 2703 245 Peachtree Center Ave., NE Atlanta, GA 30303-1222 The Sanwa Bank, Limited Georgia Pacific Center, Ste 4750 133 Peachtree Street, NE Atlanta, GA 30303-1821 Standard Chartered Bank Suite 500 Two Ravinia Drive Atlanta, GA 30346-2104 The Sumitomo Bank, Limited Suite 3210 133 Peachtree Street Atlanta, GA 30303-3403 Tokyo, Japan Tokyo, Japan United Kingdom Osaka, Japan Tetsuhide Kokido General Manager 404-521-3111 October 05, 1990 Mitsuo Ueyama Deputy Gen Manager 404-586-6880 November 17, 1984 Farhang Imani Regional Manager 404-396-2900 October 19, 1981 Masaki Shinbo General Manager 404-526-8500 March 04, 1987 463,795 921,162 34,039 572,357 The Tokai Bank, Limited 285 Peachtree Center Ave., NE Marquis Two Tower, Suite 2802 Atlanta, GA 30303-1229 Nagoya, Japan Nobuhiro Kobayashi General Manager 404-880-0000 October 10, 1989 240,301 Agencies with no assets shown operate as Representative Offices only -59- INTERNATIONAL BANK REPRESENTATIVE OFFICES (O.C.G.A. 7-1-721) NAME AND ADDRESS FOREIGN LOCATION REPRESENTATIVE. PHONE NO Creditanstalt Atlanta Representative Office 2 Ravinia Drive, Suite 1680 Atlanta, GA 30346 Societe Generale 303 Peachtree Tower, NW Atlanta, GA 30308 The Long-Term Credit Bank of Japan, Ltd. Suite 2801, Marquis One Tower 245 Peachtree Center Avenue, NE Atlanta, GA 30303-1228 The Mitsubishi Bank, Ltd, Atlanta Corporate Banking Office One Ninety One Peachtree Tower 191 Peachtree Street, Suite 1170 Atlanta, GA 30303-1757 The Yasuda Trust and Banking Company Limited 285 Peachtree Center Avenue, NE Suite 2104, Marquis Two Tower Atlanta, GA 30303-1234 Vienna, Austria Paris, France Tokyo Japan Tokyo, Japan Tokyo, Japan Robert M. Biringer Managing Officer 404-390-1850 Myron Schmidt Managing Officer 404-865-7400 Kazunori Kameyama Chief Representative 404-659-7210 Frank Madden Manager 404-730-9000 Tomoya Osada Chief Representative 404-584-7807 -60- REPRESENTATIVE OFFICES OF OUT-OF-STATE BANKS (O.C.G.A. 7-1-590) REGISTRANT NAME AND LOCATION MANAGING OFFICER TELEPHONE NO. Palmetto Federal Savings Bank of South Carolina 107 Chesterfield Street Aiken, SC 29801 Collateral Mortgage, Inc. New South Bancshares, Inc. 1900 Crestwood Boulevard Birmingham, AL 35210 Palmetto Federal Mortgage Center 4107 Columbia Road Martinez, GA 30907 'Collateral Mortgage, Ltd. 2801 Buford Highway Suite T-80 Atlanta, GA 30329 Francis M. Thomas, Jr. Vice President 706-863-3090 Karyl Millicano Managing Officer 404-329-0027 Compass Bank 701 South 32nd Street Birmingham, AL 35233 Compass Fiduciary Services, Ltd,, Inc. 1010 Huntcliff, Suite 1350 Atlanta, GA 30350 Julian Jett Managing Officer 404-552-7811 SouthTrust Bank of Alabama, N.A. 420 N. 20th Street P.O. Box 2554 Birmingham, AL 35290 'SouthTrust Bank of Alabama, N,A. 200 RiverEdge Parkway Atlanta, GA 30328 First Security Savings Bank, FSB 2600 Telegraph Road, Suite 100 Bloomfield, Hills, Ml 48302 First Security Savings Bank, FSB 5605 Glenridge Drive, Suite 200 Atlanta, GA 30324-1373 Steve McCoy Manager 404-951-4215 M. David Bowers Managing Officer 404-303-8000 First National Bank of Boston (The) The First National Bank of Boston 100 Federal Street 400 Perimeter Center Terrace Boston, MA 02110 Suite 745 Atlanta, GA 30340 James A. Mahoney Division Executive 404-393-4676 State Street Bank & Trust Company State Street Bank & Trust Company 225 Franklin Street Lenox Towers, Suite 1000 Boston, MA 02110 3390 Peachtree Road, NE Atlanta, GA 30326 George Grfoerer Managing Officer 404-364-6560 Marine Midland Banks, Inc. One Marine Midland Center Buffalo, NY 14203 *HSBC Securities, Inc. 3399 Peachtree Road, NE, Suite 570 Atlanta, GA 30326 Dennis L. Fish Managing Officer 404-264-1200 NationsBank Corporation NationsBank Corporate Center 100 North Tyson Street Charlotte, NC 28255 NationsBank Community Development Corporation 600 Peachtree St., NE, 19th Floor Atlanta, GA 30308 James S. Grauley Vice President 404-607-6169 First Union Home Equity Bank 1000 Louis Rose Place Charlotte, NC 28262-8546 First Union Home Equity Bank 1895 Phoenix Boulevard One Crown Center, Suite 100 College Park, GA 30349 Joe White Managing Officer 404-991-2393 Great Western Financial Corp. 9200 Oakdale Avenue Chatsworth, CA 91311 Great Western Mortgage Corporation 861 Holcomb Bridge Road Suite 200 Roswell, GA 30349 C. David King Managing Officer 404-998-2182 * indicates various other names and/or locations are also registered -61 - REPRESENTATIVE OFFICES OF OUT-OF-STATE BANKS (O.C.G.A. 7-1-590) REGISTRANT NAME AND LOCATION MANAGING OFFICER TELEPHONE NO. LaSalle National Bank 120 S. LaSalle Street Chicago, IL 60603 LaSalle National Bank 5901-B Peachtree Dunwoody Suite 500 Atlanta, GA 30328 Sears, Roebuck and Company Sears Tower Chicago, IL 60684 'Allstate Insurance Group Allstate Insurance 7000 Central Parkway, Suite 700 Atlanta, GA 30328 Bank of America Illinois 231 South LaSalle Street Chicago, IL 60697 Bank of America lllnois 950 East Paces Ferry Rd, Ste 3375 Atlanta, GA 30326 Banc One Corporation 100 East Broad Street Columbus, OH 43271 Banc One Financial Services, Inc. 2401 Lake Park Drive, Suite 200 Smyrna, GA 30080 J.C. Penney Company, Inc, P.O. Box 10001 Dallas, TX 75301-0001 *J.C. Penney Company, Inc. Southeastern Region North Park Town Center 1000 Abernathy Rd, NE, Ste 280 Atlanta, GA 30328-5604 Bank One, Dayton, NA Kettering Tower 40 N. Main Street Dayton, OH 45402 'Banc One, Dayton Service Corporation 500 Franklin Road Marietta, GA 30067 Central Carolina Bank 8c Trust Co. Central Carolina Bank & Trust Co. 111 Corcoran Street 778 Willowcreek Drive Durham, NC 27701 Atlanta, GA 30328 Bank United of Texas, FSB 3200 Southwest Freeway Suite 1600 Houston, TX 77027 'Commonwealth United Mortgage Bank United of Texas 4 Concourse Parkway, Suite 100 Atlanta, GA 30328 Eastern Savings Bank, FSB 11350 McCormick Road Suite 200, Executive Plaza II Hunt Valley, MD 21031 Eastern Savings Bank Outlet Square Shopping Center 4166 Buford Highway, NE Atlanta, GA 30345 Merrill Lynch Trust Company 50 North Laura Street Suite 3650 FL 32202 Merrill Lynch Trust Company 100 Abernathy Road Suite 700 Building 400 Atlanta, GA 30328-5602 Vine Street Trust Company 360 East Vine Street Lexington, KY 40507 VST Financial Services, Inc. 5901-C Peachtree Dunwoody Rd, Suite 420 Atlanta, GA 30328 Saul Cohen Managing Officer 404-394-0600 404-885-3575 William 1. Rau Managing Officer 404-364-3300 Kevin Small Managing Officer 404-431-9082 R. H. Seaman Regional President 404-397-5600 Shelly Howard Managing Officer 404-419-9313 Diane C. Albright Managing Officer 404-252-2336 Robert Odom Managing Officer 404-698-6020 Michael D. Surgen Managing Officer 404-248-1310 James V. Lee, Jr. Managing Officer 404-282-1375Jacksonville, Kenneth E. Moore Managing Officer 404-551-8822 * indicates various other names and/or locations are also registered -62- REPRESENTATIVE OFFICES OF OUT-OF-STATE BANKS (O.C.G.A. 7-1-590) REGISTRANT NAME AND LOCATION MANAGING OFFICER TELEPHONE NO. Capital Guardian Trust Company 333 South Hope Street 52nd Floor Los Angeles, CA 90071 Capital Guardian Trust Company Promenade II, Suite 2550 1230 Peachtree Street Atlanta, GA 30309 Fred R. Betts Senior Vice President 404-607-6868 First Tennessee National Corp. 165 Madison Avenue Memphis, TN 38103 Gulf Pacific Mortgage, A Division of 1st Tennessee Bank, NA 3200 Windy Hill Rd., Ste 1460 West Marietta, GA 30067 Financial Federal Savings Bank Financial Federal Savings Bank 1755 North Kirby Parkway, Suite 160 2000 RiverEdge Parkway, Suite 570 Memphis, TN 38120-4377 Atlanta, GA 30328 American Express Deposit Corp. 6985 Union Park Center Midvale, UT 84047 American Express Financial Corporation 1200 Ashwood Pkwy Ste 570 Atlanta, GA 30338 Gulf Coast Bank & Trust Company Gulf Coast Bank & Trust Company 200 St, Charles Avenue 1364 Brawley Circle, NE New Orleans, LA 70130 Atlanta, GA 30319 LTCB Trust Company 165 Broadway New York, NY 10006 LTCB Trust Company Representative Office Marquis One Tower, Ste 2801 245 Peachtree Center Avenue Atlanta, GA 30303 Chemical Banking Corporation 270 Park Avenue New York, NY 10017 'Chemical Financial Services Corporation 375 Northridge Road Atlanta, GA 30350 Republic Bank for Savings 415 Madison Avenue New York, NY 10017 Safra Republic Bank, Division of Republic Bank for Savings 1100 Abernathy Road 500 Northpark Town Center, Ste 625 Atlanta, GA 30328 United States Trust Company of New York 114 West 47th Street New York, NY 10036-1532 United States Trust Company of New York 7 Piedmont Center, Suite 500 3525 Piedmont Road Atlanta, GA 30305 Citicorp Services, Inc. 399 Park Avenue, Suite 600 New York, NY 10043 'Citicorp North America, Inc. & Affiliates 400 Perimeter Center Terrace Suite 600 Atlanta, GA 30346 Alisa Reasor Managing Officer 404-850-1067 Daniel J. Wiggins Managing Officer 404-984-2822 Raymond Carothers, Jr. Managing Officer 404-396-7840 Juan Logo Managing Officer 404-458-3359 Kazunori Kameyama Chief Representative 404-659-7210 William A. Perkins Vice President 404-395-1990 J, Robert Grow Managing Officer 404-551-8234 Stephen A. Martin Vice President 404-364-1854 William Barnes Managing Officer 404-668-8100 * indicates various other names and/or locations are also registered -63- REPRESENTATIVE OFFICES OF OUT-OF-STATE BANKS (O.C.G.A. 7-1-590) REGISTRANT NAME AND LOCATION MANAGING OFFICER TELEPHONE NO. The Industrial Bank of Japan Trust Company 245 Park Avenue 22nd Floor New York, NY 10167-0037 The Industrial Bank of Japan Trust 191 Peachtree Street, NE, Suite 3600 Atlanta, GA 30303-1757 Shusai Nagai General Manager 404-524-8770 MBNA Corporation 400 Christiana Road Newark, DE 19713 Bank One of Arizona 1600 E. Northern #125 Phoenix, AZ 85020 Mellon Bank Corporation Mellon Bank Center Pittsburgh, PA 15259-0003 BankAmerica Corporation 555 California Street San Francisco, CA 94104 BankAmerica Corporation Bank America NS8(T 555 California Street San Francisco, CA 94104 The Boatmen' National Bank of St. Louis 800 Market Street St. Louis, MO 63101-2506 Standard Federal Bank 2600 W. Big Beaver Road P.O. Box 3703 Troy, Ml 48007-3703 Beneficial Corporation One Christina Centre 301 N. Walnut Street Wilimgton, DE 19801 MBNA Marketing Systems, Inc. 2600 Centruy Parkway, NE Suite 350 Atlanta, GA 30345 Valley National Financial Services Company 900 Circle 75 Pkwy, Ste 175 Atlanta, GA 30339 Mellon Financial Services Corp Atlanta Regional Lockbox 1640 Phoenix Blvd., Suite 110 Atlanta, GA 30349 "BankAmeriLease 1230 Peachtree Street, NE Suite 3600 Atlanta, GA 30309 "Security Pacific Finance Credit Corp. 180 Cobb Pkwy, South, Ste C-2 Marietta, GA 3006 The Boatmen's National Bank of St, Louis 5696 Peachtree Pkwy, Ste 229 Norcross, GA 30092 Standard Federal Bank 3655 Canton Flighway Marietta, GA 30066 Beneficial Georgia, Inc. 2700 Dawson Road Building 2, Suite 9 Albany, GA 31707 800-446-7048 Donald L, Murphy Vice President 404-933-8370 Jennifer Siegel Manager 404-994-5380 Bill Lockhart Managing Officer 404-249-6918 John Underwood Managing Officer 404-419-1775 Robert L. Westfall, Jr. Vice President 404-263-3712 Sam Sudbury Managing Officer 404-591-4960 Joseph Moyel Managing Officer 912-883-4720 indicates various other names and/or locations are also registered STATE CHARTERED CREDIT UNIONS 4,000,000 1990 - 1994 3,500,000 -- 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 LI L 98 CU's 1994 99 CD'S 1993 107 CU's 1992 112 CU's 1991 L 124 CU'e 1990 Legend nQ Assets Shares & Deposits Total Loans Gross Income Total Operating Expenses Detailed on the following pages is a summary of the combined assets and liabilities of the state-chartered credit unions operating in Georgia, as well as a listing of each statechartered credit union operating as of December 31, 1994. -65- ABSTRACT OF REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS AS OF DECEMBER 31, 1994, WITH COMPARATIVE STATEMENT AS OF DECEMBER 31 (AMOUNTS IN THOUSANDS) ASSETS 12-31-94 98 C.U.'s 12-31-93 99 C.U.'s Cash 48,379 49,941 U.S. Government Obligations Federal Agency Securities Corporate Credit Unions All Other Investments Total Investments (Book Value) Less: Allowance for Investment Losses 628,658 628,477 240,166 237,048 1,734,349 1,380 610,421 534,677 400,662 262,234 1,807,994 582 Net Investments 1,732,969 1,807,412 Total Loans Less Allowance for Loan Losses 1,439,754 19,363 1,230,494 18,234 Net Loans 1,420,391 1,212,260 Land & Buildings Other Fixed Assets Other Real Estate Owned Other Assets 9,515 7,994 637 83,007 8,100 7,916 976 84,431 Total Assets Corporate Credit Unions 3,302,892 450,649 3,171,036 739,847 TOTAL 3,753,541 3,910,883 LIABILITIES Share Drafts All Other Shares and Deposits Total Shares and Deposits 295,066 2,636,326 2,931,392 293,070 2,542,162 2,835,232 Total Borrowings Other Notes Accrued Interest Payable on Deposits and Accrued Dividends Payable on Shares Accounts Payable and Other Liabilities 168 769 4,950 8,288 -0479 5,080 13,937 Regular Resen/es Investment Valuation Reserve Other Reserves Undivided Earnings 94,683 459 10,189 251,994 85,970 2,643 9,946 217,749 Total Liabilities and Equity Corporate Credit Unions 3,302,892 450,649 3,171,036 739,847 TOTAL 3,753,541 3,910,883 -66- COMPARATIVE STATEMENT OF EARNINGS AND EXPENSE OF STATE-CHARTERED CREDIT UNIONS IN GEORGIA FOR CALENDAR YEARS ENDING DECEMBER 31, 1994 AND DECEMBER 31, 1993 (AMOUNTS IN THOUSANDS) OPERATING INCOME Interest on Loans Income from Investments (Excluding Gain or Loss on Trading Securities Income (Loss) from Trading Securities Other Operating Income Total Gross Income OPERATING EXPENSES Employee Compensation and Benefits Office Expense Educational and Promotional Expenses Loan Servicing Expense Professional and Outside Services Provision for Loan Losses Provision for Investment Losses Miscellaneous Operating Expenses Total Operating Expenses Income (Loss ) from Operations Gain (Loss) on Investments Gain (Loss): Disposition of Assets Other Non-Operating Income (Expenses) Income (Loss) before Cost of Funds Interest on Borrowed Money Dividends on Shares Interest on Deposits Net Income (Loss) after Cost of Funds Net Reserve Transfer Net Income (Loss) After Net Res. Trns. Additional Transfers to Reserve Accounts Adjusted Net Income (Loss) 12-31-94 98 C.U.'s 120,696 84,402 0 18,034 223,132 12-31-93 99 C.U.'s 116,056 81,338 13 17,614 215,021 32,554 19,158 1,110 2,670 3,664 4,475 609 5,375 69,615 153,517 (135) 6 (120) 153,268 20 94,770 14,137 44,341 3,074 41,267 5,102 36,165 30,249 18,521 973 1,961 3,236 5,336 10 4,702 64,988 150,033 192 (7) (13) 150,205 238 90,373 13,062 46,532 2,441 44,091 5,760 38,331 -67- STATE-CHARTERED CREDIT UNIONS CITY COUNTY NAME OF CREDIT UNION Albany Athens Athens Athens Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Augusta Augusta Augusta Bainbridge Baldwin Columbus Dougherty Clarke Clarke Clarke DeKalb Fulton Fulton Fulton Fulton Cobb Fulton Fulton DeKalb Fulton Fulton Fulton Fulton Fulton DeKalb Fulton Fulton Fulton Fulton Fulton DeKalb Fulton DeKalb Fulton Fulton Fulton Fulton Richmond Richmond Richmond Decatur Banks Muscogee Albany Federal Employees Credit Union Dairy-Pak Athens Credit Union Educators' Credit Union Georgia Power Northeast Credit Union Associated Credit Union Atlanta City Employees Credit Union Atlanta Cooperative Credit Association Atlanta Postal Credit Union Atlantic Steel Credit Union The Bottlers Credit Union COMSTAR Credit Union Delta Employees Credit Union The Federal Employees Credit Union Georgia Department of Public Safety Credit Union Georgia DOT Credit Union The Georgia State Department of Education Credit Union Georgia Telco Credit Union GPC Credit Association GTA Credit Union H M B Employees Credit Union Flospital Authority Credit Union Fluman Services Employees' Credit Union IBEW Local 613 Credit Union Mead Employees Credit Union Mutual Savings Credit Union Pinnacle Credit Union Reliance Credit Union Rich's Employees Credit Union State Employees' Credit Union Sunbelt Credit Union The Thrift Flealth Center Credit Union King Mill Savings & Credit Association Richmond County Flealth Department Employees Credit Union Three Rivers Credit Union Fieldale Credit Union Columbus Health & Hospital Credit Union No Assets - "In Process of Liquidation/Merger" ** Amounts are in Thousands - Report as of December 31, 1994 -68- TOTAL ASSETS** 8,816 564 381 7,420 55,692 19,275 549 779,950 15,734 6,691 2,223 864,790 303,634 3,596 22,044 7,614 562,088 14,236 5,390 6,991 13,073 11,603 2,068 6,775 39,517 41,602 23,809 50,210 3,534 15,509 15,586 7,233 468 3,131 6,343 2,912 CITY STATE-CHARTERED CREDIT UNIONS COUNTY NAME OF CREDIT UNION TOTAL ASSETS** Columbus Muscogee Columbus Muscogee Columbus Muscogee Coosa Floyd Cordele Crisp Cornelia Habersham Cornelia Habersham Cuthbert Randolph Decatur DeKalb Douglas Coffee Dry Branch Twiggs Dublin Laurens Duluth Gwinnett East Point Fulton East Point Fulton Ellenwood Clayton Forest Park Clayton Ft. McPherson Fulton Garden City Chatham Glynco Glynn Gordon Wilkinson Hapeville Fulton Hapeville Fulton Hazlehurst Jeff Davis Helen White Jonesboro Clayton LaFayette Walker Macon Bibb Macon Bibb Macon Bibb Macon Bibb Macon Bibb Macon Bibb Macon Bibb Macon Bibb Marietta Cobb Marietta Cobb Marietta Cobb McIntyre Wilkinson Milledgeville Baldwin Gas Light Employees Credit Union Swift Credit Union Tom's Credit Association Rome Kraft Employees Credit Union Harris Employees Credit Union Ethicon Credit Union Statco Credit Union Day Company, Inc., Employees Credit Union Decatur Postal Employees Credit Union Coffee General Hospital Employees Credit Union Dry Branch Credit Union Dublin Federal Employees Credit Union Georgia Central Credit Union East Point Municipal Employees Credit Union Fulton Teachers Credit Union American Heritage Credit Union Employees Savings & Credit Association Ft. McPherson Credit Union The G. P. A. Credit Union Glynn County Federal Employees Credit Union White Gold Credit Union Hapeville Auto Employees Credit Union Hapeville Employees' Credit Union Jeff Davis Credit Union Orbit Savings & Credit Association Tara Credit Union Roper Corporation Employees' Credit Union City Employees' Credit Union Macon Firemen's Credit Union Macon Oil Processors Credit Union Macon Police Credit Union Macon Water Works Credit Union Medical Center of Central Georgia Credit Union RIG Employees Credit Union Smith and Sons Employees Credit Union C-Mar Credit Union Chevron Southern Credit Union Promina Northwest Credit Union Englehard Employees Credit Union Central State Hospital Credit Union 257 2,503 5,952 8,857 801 2,680 1,710 62 6,941 713 2,258 4,349 450,649 1,051 21,467 14,972 4,752 15,170 5,159 8,172 1,420 12,121 1,613 6,436 784 19,499 990 2,537 1,950 2,502 658 367 7,157 7,375 624 22,697 2,546 10,205 628 9,367 No Assets - "In Process of Liquidation/Merger" ** Amounts are in Thousands - Report as of December 31, 1994 -69- CITY STATE-CHARTERED CREDIT UNIONS COUNTY NAME OF CREDIT UNION TOTAL ASSETS** Milledgeville Montezuma Nashville Norcross Rome Rome Savannah Savannah Savannah Savannah Savannah St. Simons Is. Statesboro Baldwin Macon Berrien Gwinnett Floyd Floyd Chatham Chatham Chatham Chatham Chatham Glynn Bulloch Tallapoosa Haralson Thomasville Thomas Thomasville Thomas Toccoa Stephens Toccoa Stephens Valdosta Lowndes Valdosta Lowndes Warner Robins Houston Oconee Credit Union Southern Frozen Foods Employees Credit Union Nashville Credit Union Genuine Parts Credit Union Floyd County Postal Employees Credit Union Northwest Georgia Credit Union Health Employees Chatham County Credit Union Savannah Federal Credit Union Savannah J-Mers Credit Union Savannah Postal Credit Union Workmen's Circle Credit Union Sea Island Employees Credit Union Central Ogeechee River Educators (CORE) Credit Union Dixisteel Credit Union Davis Employees Credit Association Flowers Employees Credit League North Georgia Credit Union The Wright Credit Union Southern Pine Credit Union Valdosta Educators Credit Union Warner Robins Employees Credit Union 1,596 502 6,440 4,522 1,239 24,658 2,356 6,713 365 8,930 6,828 11,172 10,255 1,547 16,483 9,471 3,289 24,567 3,561 4,452 No Assets - "In Process of Liquidation/Merger" ** Amounts are in Thousands - Report as of December 31, 1994 -70- MORTGAGE DIVISION SUMMARY OF ACTIVITIES 1994 During 1994, the Mortgage Division received 331 applications. With the 12 applications in process at the end of 1993 and the 32 applications for reinstatement, 375 applications were reviewed during the year. Of that total, 17 were denied, 7 were withdrawn and 14 were still in process at the end of the year. Therefore, 337 licenses or registrations were issued by the Division. Also during the year, 4 expired, 68 were withdrawn, 53 were revoked, and 2 were suspended. This leaves 1,235 current licensees/registrants as of December 31, 1994. GEOGRAPHIC DISTRIBUTION OF LICENSEES/REGISTRANTS TYPE BROKER LENDER REGISTRANT TOTAL PERCENTAGE NORTH GEORGIA 557 139 12 708 57% (METRO AREA) 521 116 12 649 53% SOUTH GEORGIA 112 32 4 148 12% OUTSIDE GEORGIA 73 251 55 379 31% TOTAL 742 422 71 1,235 % 60% 34% 6% 100% The Division is charged with the responsibility of handling consumer complaints related to mortgages on residential property. Incoming telephone calls received by the Division are tabulated to determine the number of verbal consumer complaints. During 1994, the Division received 14,578 industry related calls, 1,246 of which were oral consumer complaints. Of the volume of verbal complaints received, approximately 33% follow-up the complaint in writing. During 1994, the Division received 570 written complaints with 6 complaints outstanding at the end of the year.. The Division fined 109 licensees/registrants for failure to submit the written 1994 Annual Report by the due date of April 1, 1995. These fines had to be paid before a renewal license could be issued. Mortgage Division examiners conducted 314 examinations and 82 visitations of licensees. In addition, these examiners conducted 71 examinations of check coshers for the Corporate Division of the Department. In 1994, 13 Cease and Desist Orders to both licensed and unlicensed persons or companies were issued and six Apparent Criminal Irregularity Reports were sent to local District Attorney offices. -71 - SALE OF CHECKS OR MONEY ORDER CORPORATIONS (O.C.G.A. 7-1-680 THRU 7-1-692) NAME OF LICENSEE U.S. LOCATION NO. OF GA AGENTS American Express Travel Related Services Company, Inc. Certified Express Circle K Money Order Corporation Citicorp & Citicorp Service, Inc. Comdata Network, Inc. Eagle Express Money Orders Fidelity Express Money Order Company Francheque S.A. Global Express Money Orders, Inc. Intergrated Payment Systems, Inc. Interpayment Services Limited Mid-America Money Order Company North American Money Order Company, Inc. Ruesch International, Inc, Societe Francaise du Cheque de Voyage Swiss Bankers Travellers Cheque Centre Thomas Cook Australia Thomas Cook Currency Services, Inc. Thomas Cook, Inc. Thomas Cook Travelers Cheques, Ltd. Travelers Express Company, Inc. Travellers Cheque Associates, Ltd. U.S. Express Money Order Western Union Financial Services, Inc. New York, NY Smyrna, GA Phoenix, AZ Chicago, IL Brentwood, TN Savannah, GA Sulphur Springs, TX Princeton, NJ Silver Spring, MD New York, NY New York, NY Louisville, KY Atlanta, GA New York, NY New York, NY New York, NY Princeton, NJ Atlanta, GA Minneapolis, MN Princeton, NJ Minneapolis, MN New York, NY Stone Mountain, GA Upper Saddle River, NJ 1,803 49 128 460 305 9 9 5 241 0 114 35 470 1 19 4 41 4 4 5 1,604 23 63 504 NOTE: All State and National Banks, Federal Savings and Loan Associations, Federal Savings Banks, State and Federal Credit Unions maintaining their principal place of business in Georgia may sell checks without obtaining a special license. A listing of State and National Banks and State Credit Unions is included herein. A listing of Federal Savings and Loan Associations, Federal Savings Banks, and Federal Credit Unions may be obtained from the appropriate Federal Regulatory agency; i.e. Office of Thrift Supervision, National Credit Union Administration. -72- FINANCIAL INSTITUTION MERGERS FINANCIAL INSTITUTION (SURVIVOR) MERGED INSTITUTION APPROVAL DATE Trust Company Bank of South Georgia, N.A. Albany Trust Company Bank of Coffee County Douglas 4-14-94 Trust Company Bank of Northeast Georgia, N.A. Athens Trust Company Bank of North Georgia Gainesville 9-02-94 Bank South, National Association Atlanta The Chattahoochee Bank Atlanta 4-07-94 Bank South, National Association Atlanta The Merchant Bank of Atlanta 2-21-94 Atlanta First State Bank of Blakely Blakely Bostwick Banking Company Arlington 8-11-94 SouthTrust Bank of Columbus, N.A. First Columbus Bank & N/A Columbus Trust Company Columbus Southeastern Bank Darien Citizens Bank & Trust Company of Mount Vernon Pending Mount Vernon The Southern Federal Credit Union Fayetteville Hapeville Employees' Credit Union Hapeville 12-04-94 Amsouth Bank of Georgia Summerville First Federal Savings Bank Calhoun 3-30-94 AmSouth Bank of Georgia Summerville The Georgia State Bank of Rome Rome 3-01-94 Allied Bank of Georgia Thomson Citizens Bank & Trust Evans 8-30-94 Allied Bank of Georgia Thomson First Savings Bank, FSB Thomson 8-30-94 Allied Bank of Georgia Thomson Bank of Jefferson County Louisville 9-21-94 Farmers & Merchants Bank Washington The Peoples Bank Crawfordville 8-11-94 EFFECTIVE DATE 7-01-94 4-07-94 3-18-94 8-24-94 7-28-94 4-07-94 4-07-94 9-30-94 9-30-94 9-30-94 9-22-94 -73- APPLICATIONS FOR NEW FINANCIAL INSTITUTIONS FINANCIAL INSTITUTION______________________ CAPITALIZATION BEGIN APPROVAL BUSINESS DATE_______ DATE Capitol City Bank & Trust Company 562 Lee Street, S.W. Atlanta, GA 30310 $ 5,320,880 8-13-92 10-03-94 Synovus Trust Company 1148 Broadway Columbus, GA 31901 $ 3,000,000 Pending First Bank of Dalton 118 N. Hamilton Street Dalton, GA 30720 S 7,000,000 Pending Global Commerce Bank 5150 Buford Highway Doraville, GA 30340 $ 6,000,000 Pending Gilmer County Bank 315 Industrial Boulevard Ellijay, GA 30540 $ 5,250,000 5-25-94 FCB Interim Bank 12 North Cedar Street McDonough, GA 7-25-94 Greater Rome Bank 1490 Martha Berry Boulevard Rome, GA 30161 $ 5,000,000 Pending FINANCIAL INSTITUTION CONVERSIONS PREVIOUS NAME CONVERTED TO APPROVAL EFFECTIVE DATE DATE The Gordon Bank Gordon The Gordon Bank, Federal Savings Bank Gordon 4-29-94 4-29-94 Commercial Bank of Gwinnett, N.A. Lawrenceville Commercial Bank of Gwinnett Lawrenceville 12-20-94 12-3094 Southwest Georgia Bank National Association Moultrie Southwest Georgia Bank Moultrie 12-29-94 12-3094 -74- APPLICATIONS TO CHANGE LOCATION FINANCIAL INSTITUTION Farmers & Merchants Bank Adel CHANGE LOCATION OF APPROVAL EFFECTIVE DATE DATE Main Office Pending FROM 101 W. 5th Street Adel 31620 TO Fourth and Maple Streets Adel 31620 Albany Federal Employees Credit Union Albany Main office FROM 1501 S. Slappey Blvd. Albany 31706 TO 1110 Centennial Avenue Albany 31706 10-05-92 First State Bank & Trust Company Albany Prudential Bank and Trust Company Atlanta Slappey Drive Office FROM 1104 West Broad Ave. Albany 31707 TO 2322 North Slappey Blvd, Albany 31707 Main Office FROM Two Concourse Parkway Alanta 30328 TO One Ravinia Drive Suite 1000 Atlanta 30346 2-07-94 11-15-94 11-18-94 American Fleritage Credit Union Atlanta Main Office from Fulton County to Henry County 10-01-93 2-22-94 FROM 1611 Jonesboro Road, S.E, Atlanta 30315 TO 5032 Old Grant Road Ellenwood 30049 Citizens Trust Bank Atlanta Wesley Chapel Road Office Withdrawn FROM 2385 Wesley Chapel Road Decatur 30035 TO 2454 Wesley Chapel Road Decatur 30035 -75- APPLICATIONS TO CHANGE LOCATION FINANCIAL INSTITUTION First Capital Bank Atlanta The Bankers Bank Atlanta The Bottlers Credit Union Atlanta Peoples Bank of Fannin County Blue Ridge Etowah Bank Canton Bank of Dodge County Chester CHANGE LOCATION OF APPROVAL EFFECTIVE DATE DATE Main Office 11-28-94 12-01-94 FROM 3340 Peachtree Road, NE Atlanta 30326 TO 6400 Powers Ferry Road Suite 380 Atlanta 30339 Main Office 7-18-94 FROM 3715 Northside Parkway, N.W. Atlanta 30327 TO Paces Ferry Road and 1-285 Smyrna 30081 Main Office from Fulton County to Cobb County 10-22-93 1-19-94 FROM 100 Galleria Parkway, N.W. Suite 7007 Atlanta 30339 TO 2110 Powers Ferry Road Atlanta 30339 Main Office 6-14-94 12-19-94 FROM Corner of Depot & Main St. Blue Ridge 30513 TO Highway 515 and Highway 5 Blue Ridge 30513 Bells Ferry Office 8-15-94 9-06-94 FROM 5729 Bells Ferry Road Acworth 30101 TO 1045 Alabama Road Acworth 30101 Main Office 2-11-94 2-14-94 FROM Main Street Chester 31012 TO 600 Oak Street Eastman 31023 -76- APPLICATIONS TO CHANGE LOCATION FINANCIAL INSTITUTION Bank of Dodge County Chester Bank of Thomas County Coolidge Rome Kraft Employees Credit Union Coosa Trust Company Bank of North Georgia Gainesville Jeff Davis Credit Union Hazlehurst The Bank of Gwinnett county Lawrenceville CHANGE LOCATION OF APPROVAL EFFECTIVE DATE DATE Eastman Office 2-11-94 2-14-94 FROM 600 Oak Street Eastman 31023 TO Main Street Chester 31012 Main Office 12-29-94 FROM 529 Pine Avenue Coolidge TO 2242 East Pinetree Blvd. Thomasville 31792 Main Office 7-30-92 5-20-94 FROM 4590-B Alabama Highway Coosa 30129 TO 4620 Alabama Highway Coosa 30219 Cleveland Branch 4-14-94 2-14-94 FROM Suite 1 Colonial Center Cleveland 30528 TO 1727 North Main Street Cleveland 30528 Main Office 3-25-94 3-25-94 FROM Alma Road Hazlehurst 31539 TO 126 Currie Street Hazlehurst 31539 Killian Hill Office 10-13-93 1-03-94 FROM 1010 Killian Hill Road Lilburn 30247 TO 4700 U.S. Highway 29 Lilburn 30247 -77- APPLICATIONS TO CHANGE LOCATION FINANCIAL INSTITUTION Macon Firemen's Credit Union Macon C-Mar Credit Union Marietta First Bank of Coastal Georgia Pembroke AmSouth Bank of Georgia Summerville Allied Bank of Georgia Thomason United Bank of Pike Zebulon CHANGE LOCATION OF APPROVAL EFFECTIVE DATE DATE Main Office 1-13-94 FROM 1191 First Street Macon 31201 TO 899 Oglethorpe Street Macon 31201 Main Office 7-07-94 FROM 582 N. Fairground Street Marietta 30061 TO 401 North Cobb Parkway Marietta 30061 Richmond Hill Office 9-17-93 8-29-94 FROM U.s. Highway 17 S. Richmond Hill 31324 TO 1 West Ford Avenue Richmond Hill 31324 Main Office 5-13-94 FROM 101 East Washington St, Summerville 30747 TO 1400 McCall Boulevard Rome 30162 Wilkes County Branch Pending FROM 209 E. Court Street Washington 30673 TO 100 E. Robert Toombs Ave. Washington 30672 Main Office 7-15-94 FROM 110 Griffin Street Zebulon 30295 TO 100 Griffin Street Zebulon 30295 -78- APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS FINANCIAL INSTITUTION BANK OFFICE, BRANCH OR FACILITY BEGIN APPROVAL BUSINESS DATE DATE Citizens Bank of Americus Americus Wal-Mart Supercenter Office Wal-Mart Supercenter #758 Highway 280 & Felder Street Americus 31709 9-14-94 Ashburn Bank Ashburn Downtown Office 250 E, Washington Street Ashburn 31714 2-22-94 3-07-94 Capitol City Bank & Trust Company Atlanta Cascade Road Office 2359 Cascade Road Atlanta 30311 8-13-92 Citizens Trust Bank Atlanta West Peachtree Office 712 W. Peachtree Street Atlanta 30379 4-22-94 4-25-91 Citizens Trust Bank Atlanta East Point Office 2840 East Point Street East Point 30344 12-19-94 First Capital Bank Atlanta Asset Based Lending Department 3340 Peachtree Road, N.E. Suite 1800 Atlanta 30326 12-12-94 12-19-91 Trust Company Bank Atlanta West Peachtree Office 760 West Peachtree Street Atlanta 30308 10-21-94 Trust Company Bank Atlanta Presbyterian Village Facility 2000 East-West Connector Austell 30001 8-04-94 Trust Company Bank Atlanta Dunwoody Office 1710 Mt, Vernon Road Dunwoody 30338 9-14-93 4-18-92 Trust Company Bank Atlanta Peachtree Parkway Office 5450 Peachtree Parkway Suite 8C Norcross 30092 12-28-94 Georgia Bank & Trust Augusta Evans Office 627 Washington West Drive Evans 30809 4-20-94 11-14-94 -79- APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS FINANCIAL INSTITUTION BANK OFFICE, BRANCH OR FACILITY APPROVAL DATE BEGIN BUSINESS DATE United Bank Barnesville Bank of Early Blakely The First Bank of Brunswick Brunswick Georgia Bank & Trust Calhoun Citizens Bank and Trust of West Georgia Carrollton 1st Floyd Bank Cave Spring The Bank of Thomas County Coolidge The Peoples Bank of Forsyth County Gumming Dalton/Whitfield Bank & Trust Dalton Bank of Dudley Dudley Citizens Bank of Gwinnett Duluth The Peoples Bank Eatonton Ingles Supermarket Office 625 South Highway 341 Barnesville 30204 Arlington Office 311 Highland Avenue, South Arlington 31713 St. Simons Island Office 3811 Frederica Road St. Simons Island 31522 North 41 Office 940 North Wall Street, N.W. Calhoun 30703 Supermarket Bank Facility 734 Bowdon Street Tallapoosa 30176 Broad Street Office 805 Broad Street Rome 30161 Coolidge Office 529 Pine Avenue Coolidge 31738 Johns Creek Office 3621 Peachtree Parkway Suwanee 30174 East Walnut-Winn Dixie Facility Winn Dixie #1837 East Walnut Avenue/Airport Road Dalton 30722 Veterans Boulevard Office 1650 Veterans Boulevard Dublin 31021 Suwanee Office 2885 Lawrenceville-Suwanee Road Suwanee 30174 Sinclair Office SE Corner US Hwy 441 and Jackson Road Eatonton 31024 12-23-94 9-06-94 12-06-94 9-17-93 2-15-94 3-01-94 5-12-94 7-18-94 12-29-94 3-03-94 10-19-94 12-09-93 3-31-94 3-07-94 4-01-94 10-05-94 -80- APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS FINANCIAL INSTITUTION The Citizens Bank Gainesville United Bank of Griffin Griffin Bank of Hartwell Hartwell The Coastal Bank Hinesville Northeast Georgia Bank Lavonia First Southern Bank Lithonia Charter Bank and Trust Co. Marietta The Chattahoochee Bank Marietta BANK OFFICE, BRANCH OR FACILITY Washington Square Office 170 feet NW of int. of Shallowford Road and Skelton Road Gainesville 30501 Bruno's Supermarket Office 816 South Hill Street Griffin 30223 Ingles Supermarket Office 1094 E. Franklin St. Hartwell 30543 Pooler Office 501 West Highway 80 Pooler 31322 Dill's Supermarket Office 12260 Augusta Road Lavonia 30553 South DeKalb Mall Office 2801 Candler Road, Suite 1 Decatur 30034 Cumberland Office 3100 Cumberland Circle Suite 100 Atlanta 30339 East Cobb Banking House Office S.E, Corner of Johnson Ferry and Little Willeo Road Marietta 30068 APPROVAL DATE BEGIN BUSINESS DATE 2-22-94 8-29-94 8-31-94 8-12-94 9-26-94 1-25-93 9-08-94 10-19-94 2-22-94 6-03-94 8-09-94 8-02-93 Bank of Milan Milan McRae Office 850 East Oak Street McRae 31055 5-27-94 First Gwinnett Bank Norcross Peachtree Parkway Office Peachtree Parkway and Medlock Bridge Road Norcross 30092 6-23-94 - 81 - APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS BEGIN BANK OFFICE, BRANCH APPROVAL BUSINESS FINANCIAL INSTITUTION___________ OR FACILITY_____________________ DATE______ DATE First Gwinnett Bank Norcross Peachtree Parkway Office 5450 Peachtree Parkway Norcross 30092 Rescinded Fayette County Bank Peachtree City Kedron Office 100 Kedron Drive Peachtree City 30269 2-19-93 3-29-94 Peach State Bank Riverdale Jonesboro Office SW Corner, Ga Flwy 54 & 138 Jonesboro 30236 Rescinded Northside Bank & Trust Company Roswell" Roswell Village Office 10524 Alpharetta Highway Roswell 30076 12-01-93 3-01-94 Farmers and Merchants of Senoia Senoia Temple Avenue Office 138 Temple Avenue Newnan 30263 12-03-93 2-12-94 Smyrna Bank & Trust Co Smyrna Powder Springs Road Office 1755 Powder Springs Road Marietta 30064 5-18-94 Eagle Bank & Trust Statesboro Northside Drive East Office 726 Northside Drive East Statesboro 30458 11-28-94 The First State Bank Stockbridge Locust Grove Office 4979 Hampton-Locust Grove Road Locust Grove 30248 7-15-94 9-26-94 The First State Bank Stockbridge Hudson Bridge Road Office 1810 Hudson Bridge Road Stockbridge 30281 2-15-94 9-01-94 Allied Bank of Georgia Thomson Augusta West Office 1219 Augusta West Parkway Augusta 30909 2-21-94 6-20-94 Allied Bank of Georgia Thomson Wrens Office 404 Broad Street Wrens 30433 9-22-94 10-03-94 -82- APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS BEGIN BANK OFFICE, BRANCH APPROVAL BUSINESS FINANCIAL INSTITUTION____________OR FACILITY_____________________ DATE______ DATE McDuffie Bank & Trust Thomson Winn Dixie Supermarket Office 1014 Augusta Road SE Thomson 30824 DeKalb State Bank Tucker Dunwoody Office 5511 Chamblee-Dunwoody Road Dunwoody 30338 First State Bank and Trust Company of Valdosta Valdosta North Perimeter Road Office 3020 Perimeter Road Valdosta 31602 CB&T Bank of Middle Georgia Houston Lake Road Office Warner Robins 315 South Houston Lake Road Warner Robins 31088 First State Bank Wrens Louisville Office 900 Peachtree Street Louisville 30434 First State Bank Wrens North Wrens Office 801 North Main St., NE Wrens 30833 MISCELLANEOUS APPLICATIONS Pending Withdrawn 1-28-943-02-94 12-06-94 12-28-94 11-15-94 NAME OF BANK______________LOCATION_________ APPLICATION______________ DATE Bank of Dodge County Chester Grants Trust Powers 2-11 -94 STATE-CHARTERED BANKS IN LIQUIDATION NAME OF BANK____________________ LOCATION__________ DATE CLOSED DEPOSITORY The Citizens Bank, Dallas, Georgia Dallas 1 -10-92 NA Unpaid Claims due FDIC ......................................................................................... $15,546,733 Estimated Value of Remaining Assets ......................................................... $ 2,577,905 First Community Bank of Cherokee Woodstock 3-31-92 NA Unpaid Claims due FDIC ......................................................................................... $9,514,670 Estimated Value of Remaining Assets ......................................................... $ 3,258,511 -83- APPROVAL OF DISSOLUTION APPROVAL EFFECTIVE FINANCIAL INSTITUTION_____________________________________ DATE DATE Baker County Bank Newton, Georgia 12-02-94 12-02-94 Georgia-Tennessee Mining & Chemical Employees Credit Union Wrens 10-14-94 10-19-94 APPLICATIONS FOR SALE OF CHECKS OR MONEY ORDERS (O.C.G.A. 7-1-683) COMPANY NAME APPROVAL DATE Thomas Cook Travelers Cheques, Ltd. Princeton NJ 08540 1 -12-94 NOTICE OF CHANGE IN NAME PREVIOUS NAME NEW NAME APPROVAL DATE Georgia Bankers Bank Atlanta The Bankers Bank 5-23-94 Bank of Cave Spring Cave Spring 1st Floyd Bank 5-20-94 Bank of Dodge County Chester The Bank of Dodge County 2-11-94 First Alabama Bank of Columbus Columbus Regions Bank of Georgia 3-08-94 Nashville Mills Employees Credit Association Nashville Nashville Credit Union 5-18-94 United Bank of Crawford Roberta Crawford County Bank 6-07-94 Farmers and Merchants Bank of Senoia Senoia Farmers and Merchants Community Bank 2-17-94 EFFECTIVE DATE 5-24-94 5-23-94 2-14-94 3-14-94 5-20-94 6-10-94 2-18-94 -84- Department of Banking and Finance 2990 Brandywine Road, Suite 200 Atlanta, Georgia 30341 -5565 Bulk Rate U.S. Postage PAID Atlanta, GA Permit No. 2620