Annual report [1997]

Q,A BIOO .AI
1Cf11

STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE
YEAR ENDING DECEMBER 31, 1997
ZELL MILLER GOVERNOR STEVEN D. BRIDGES COMMISSIONER
DAVID G. SORRELL DEPUTY COMMISSIONER

Commissioner Steven D. Bridges
Mr. Steven D. Bridges was appointed Commissioner of the Department of Banking and Finance by Governor ZeU Miller on August 11, 1997. Mr. Bridges served as Senior Deputy Commissioner from July 1, 1991 until his appointment as Commissioner last year.
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MESSAGE FROM THE COMMISSIONER
Georgia financial institutions continued to prosper in 1997 with minimal safety and soundness concerns. Capital and earnings are strong. Non-performing assets remained at nominal levels. Concern continues with consumer debt levels as well as with recent weather related agricultural crop problems. Concerns for all financial service providers as well as their vendors and customers have heightened due to the Year 2000 computer problem, which must be addressed for all computer applications that involve date calculation or manipulation before December 31, 1999.
Change continues to be the operative word for the financial services industry. Geographic and product expansion delivered through more diverse channels utilizing technology continues to drive the industry. Consolidation within the financial services industry continues. The Department continues to adapt the Financial Institutions Code and Department regulations to assure Georgia financial institutions remain competitive and viable through flexible and timely regulation in this rapidly changing environment. The Department also implemented a restructuring in 1997 in conjunction witq its strategic plan to better equip the organization to handle the evolving regulatory services environment. This restructuring recognizes well managed, well capitalized financial institutions by lessening the regulatory burden on these institutions and places Department personnel in new positions and responsibilities which allow a more prompt and more consistent response to its regulatees and to consumers.
As provided in 1996 and 1997 statutory changes, nationwide interstate branching is now possible for banks. Several out of state banks operating in Georgia have converted their existing banking franchises in Georgia to interstate branches. The Department coordinates with other state and federal banking agencies through an adopted nationwide agreement to provide seamless supervision to these state-chartered interstate entities. De novo branch banking continued in Georgia in a very orderly fashion during 1997. The Department had 9 new bank charter applications, of which 8 were approved in 1997. Two additional new bank charters received in late 1996 were approved in 1997. This new chartering activity, which appears to be slowing, has occurred despite de novo branching and general industry consolidation. The Department in 1997 also chartered its first credit union in many years. The orderly expansion by branching and by chartering will enhance the availability of convenient, affordable banking services for the citizens of Georgia.
The growth of the Department's non-depository financial service providers, particularly the mortgage licensees and registrants, continued to require significant Department resources. The Department now regulates over 2,100 mortgage brokers, lenders and registrants with the applications continuing to be filed at a steady pace. Instances of apparent fraud in the mortgage industry in Georgia has also grown requiring additional devoted Department resources.
The Department staff remains committed to the preservation and enhancement of a state charter and the dual chartering system. We will continue to work diligently to assure that the depository and non-depository regulatees operate in a safe and sound environment, and also an environment which is flexible and competitive with open lines of communication to the Department. The Department's continuing goal is the assurance that the state's financial regulatory/supervisory system is of the highest quality, responsive to the people the system serves, and efficiently regulated by the Department.
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THE DEPARTMENT OF BANKING AND FINANCE
MISSION STATEMENT
The Department's mission is to promote safe, sound, competitive and accessible financial services through the highest quality regulation and supervision.
VISION STATEMENT
Using a team approach and advanced technology, the Department of Banking and Finance will establish a regulatory structure and procedures that foster a safe, sound, and innovative financial services industry--one capable of promoting a high level of economic growth, security, and well-being for all Georgians.
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TABLE OF CONTENTS

Official Roster

1

List of District Personnel

3

Examination Districts and Work Areas (Map)

5

Staff Pictures

6

History of the Department

15

Information about the Department's Internet Web Site

16

Fiscal Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Summary of Activities of State Chartered Financial Institutions

18

Overview of Financial Service Providers

19

Financial Holding Companies and Their Financial Subsidiaries

21

Chart of Georgia Banks (Distribution By Asset Size)

34

Abstract of Reports of Condition of State and National Banks

35

Statement of Earnings and Expenses of State and National Banks

36

List of State and National Banks

37

State Chartered Banks in Liquidation

45

Banks with Branches (Out-of-County)

46

International Bank Agencies

52

International Bank Facilities

54

Representative Offices .......................................... 55

Registered Out-of-State Holding Companies

60

Graph of History of State-Chartered Credit Unions

61

Abstract of Reports of Condition of State-Chartered Credit Unions

62

Statement of Earnings and Expense of State-Chartered Credit Unions

63

List of State-Chartered Credit Unions

64

Summary of Activities - Mortgage Division

66

Sale of Checks or Money Order Corporations

67

Applications

New Financial Institutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 68

Financial Institution Conversions

69

Financial Institution Mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 70

Branch Bank, Bank Office or Facility . . . . . . . . . . . . . . . . . . . . . . . .. 71

Change of Location

83

Change in Name. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 87

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Georgia Department of Banking and Finance

STEVEN D. BRIDGES, CFE, Commissioner
Sonja Hencely, Secretary to Commissioner, Office Supervisor

770-986-1627 770-986-1621

DAVID G. SORRELL, CFE, Deputy Commissioner

770-986-1628

Susan Brown, Administrative Assistant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 770-986-1620

ADMINISTRATIVE DIVISION

Personnel, Accounting and Budget, Training, Information Services, Clerical Support, Currency Transaction Report Processing, Special Projects

DAVID A. HANCOCK, CFE, Deputy Commissioner for Administration

770-986-1640

Melinda G. Kinard, CFE, Director of Information Technology

. . . ..

Ralph J. Shire, CFE, Data Systems Specialist

Denise Leaphart, Data Center Manager

Harold Carney, District Information Systems Specialist. . . . . . . . . . . . . . ..

770-986-1649 770-986-1383 770-986-1651 770-986-1624

C. Douglas Peugh, Director of Special Projects

770-986-1386

Georgia G. High, CFE, Training Manager

770-986-1644

Marilyn Harris, Accounting Manager Renate Carroll, Paraprofessional Accountant

770-986-1641 770-986-1632

Maggie Smith, Personnel Officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 770-986-1638

Sheila B. Ball, Secretary II Bonnie C. Steele, Secretary II

770-986-1633 770-986-1634

Kaushik Mehta, Support Services Clerk

770-986-1622

SUPERVISORY DIVISION

Bank, Thrift, Holding Company, and International Bank Supervision, Investment Securities, Reports of Apparent Criminal Irregularity, and Technical

GEORGE A. REYNOLDS, CFE, CPA Deputy Commissioner for Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 770-986-1629

Grace M. Lurry, CFE, Director for Supervision. . . . . . . . . . . . . . . . . . . . . .. 770-986-1646

Merian Croston, Administrative Assistant

770-986-1658

Princess Brown, CFE, Supervisory Manager. . .

Banks-North

770-986-1643

Wayne Orr, CPA, Supervisory Manager.

Credit Unions

770-986-1637

Robert J. Rosentreter, CFE, Supervisory Manager. Banks-South " 770-986-1636

Susan Nelson, Secretary III

770-986-1659

Betty Thomas, Secretary III

".......................... 770-986-1658

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Georgia Department of Banking and Finance

MORTGAGE DIVISION

Licensing of Mortgage Brokers, Lenders, Registrants, Consumer Protection, Supervisory/Regulatory Activities, Statistical Reports

ROBLEY S. RIGDON, CFE, Deputy Commissioner for Mortgage and Corporate Divisions

770-986-1371

Drexel Beck, CFE, Director for Mortgage and Corporate Affairs

770-986-5036

Larry S. Moor, CFE, Mortgage Specialist C. Craig Smith, CFE, Mortgage Specialist

770-986-1373 770-986-1372

James M. Brooks, Special Investigations Examiner Derrell Rod Carnes, Mortgage Examiner Charles D. Titshaw, Special Investigations Examiner Dianne Blackstone, Information Systems Manager Janet Anderson, Administrative Assistant Deborah Long, Secretary III Lilah Weaver, Secretary III

, 770-986-6027 770-986-1017
, 770-986-2811 770-986-1648
, 770-986-1268 , 770-986-5035
770-986-1269

CORPORATE DIVISION
Application processing of all Bank, Thrift and Holding Company Applications, Corporate Charter Amendments, International Licensing, International Bank Facility Permits, Loan Production Offices, Mortgage Licensing/Registration Applications, Sale of Check licensing/Supervision, Check Cashers Licensing/Supervision, Annual Report, Department Bulletins, Georgia Credit Union Deposit Insurance Corporation, Statistical Reports.

ROBLEY S. RIGDON, CFE Deputy Commissioner for Mortgage and Corporate Divisions

770-986-1371

Drexel Beck, CFE, Director for Mortgage and Corporate Affairs . . . . . . . . . . . . . . . . . . .. 770-986-5036

Carol Webb, Corporate Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 770-986-1645

Judy Carter, Administrative Assistant

Districts 2,4,5

770-986-1647

Tervenia Mitchiner, Administrative Assistant

Districts 1,3

770-986-1639

Deborah Latimer, Secretary III

: . . . . . . . . . . . . . . . . . . . . . . . . . . .. 770-986-1652

LEGAL AND CONSUMER AFFAIRS DIVISION

Legal advice and research; subpoenas processed; legislative drafting and research; intake and handling of consumer affairs and complaints; Administrative Procedures Act
LESLIE A. BECHTEL, Deputy Commissioner for Legal and Consumer Affairs . . . . . . . . . .. 770-986-1650

Jenny L. Neville, CPA, CFE, Legal and Consumer Affairs Specialist. ... Mortgage .... 770-986-2812

Larry E. Shelley, CFE, Legal and Consumer Affairs Specialist. . Banks/Credit Unions .. 770-986-1642

Nancy Chapman, Research Analyst

770-986-1631

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DISTRICT PERSONNEL

DISTRICT AND TELEPHONE #
District 1 MARIETTA
770-988-9444

DISTRICT DIRECTOR

SUPERVISORY EXAMINER SENIOR EXAMINERS

Robert M. Braswell, AFE Sandra Sheley, CFE

William D. Atkins, CFE Ernest D. Coats, CFE Ira D. Goolsby Billy C. Wilson, Sr.

District 2 STONE MOUNTAIN
770-879-0366

Tracy D. Whitesides, CFE/CPA

ATHENS 706-549-8596

Janet Blackmon, CFE Michael G. Killeen, CFE

Ned W. Overby Murali Ramachandran

District 3 COLLEGE PARK
404-559-6621

Barry L. Rooks, CFE

Lori A. Binford

District 4 DUBLIN
912-275-6740

Gary F. Ford, CFE

SAVANNAH 912-356-2770

District 5 DOUGLAS
912-383-4248
VALDOSTA 912-333-5299
ALBANY 912-430-4407

R. Larry Herndon

Michael F. Hooks, CFE/CPA
David 1. Widincamp
Jane M. Whitfield
Joyce R. Jones Larry 1. Duke, CFE

Harry M. Brown James Emory Gregory D. Lowe
Emory L. Stanford, CPA
Vicki L. Brantley, CFE
Hersha S. McDade Dennis McNeer
Mark A. Smith
James F. Mills, CFE Billy S. Wilson, CFE
Kay 1. Green John F. Sutphin III, CFE Eugene S. Cline D. Ray Johnston Michael A. Rosser, CFE

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EXAMINERS Jennifer L. Casey Victor A. Greene Larry J. Moody Louis H. Otos Mark Pressler
Darren Hodge Michael Tarrh
M. Joel Byers Michael Dunagan
Laura Brown George Campbell Sandra D. Hunter
Robert Herndon
Michael D. Bryan Patrick Brahana, CFE
Michelle F. Rodgers

AS OF APRIL 1,1998
ASSISTANT EXAMINERS
Lori Godfrey Kevin Hagler Teresa H. Johnson Caldwell McDaniel Paul Wilson

ADMINISTRATIVE ASSISTANT TO DISTRICT DIRECTOR
Ronald F. Furukawa

Eric Chambers April Foster Corbin Harrison C. Ray Lassiter Karen Quinn Christine Ridge

Jeannie Benefield

Amy Johnson Fred Wells Shannon Wright Ricky Wynn
Leslie Brannen Janet Bryan David Douse Virginia Marable

Victoria Busby Emily Fennell

Michael Parker Judy H. Powell
Eugene Strom
Dan Jenkins

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District Examination and
Work Area Structure
District 1 2
3 4
5

Location Marietta Stone Mount.ain Athens College Park Dublin Savannah Albany Valdosta Douglas

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CURRENT STAFF

David G. Sorrell Deputy Commissioner

Leslie A. Bechtel Deputy Commissioner for Legal and Consumer Affairs

David A. Hancock, CFE Deputy Commissioner for Administration

George A Reynolds, CFE, CPA Deputy Commissioner for Supervision
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Robley S. Rigdon, CFE Deputy Commissioner for Mortgage/Corporate

Janet Anderson

William D. Atkins

Sheila B. Ball

Drexel Beck

Jeannie Benefield

Lori A. Binford

Janet Blackmon

Dianne Blackstone

Patrick Brahana

Leslie Brannen

Vicki L. Brantley

Robert M. Braswell

James M. Brooks

Harry M. Brown -7-

Laura Brown

Princess Brown

Susan Brown

Janet Bryan

Michael D. Bryan

Victoria Busby

M. Joel Byers

George E. Campbell

Derrell "Rod" Carnes

Harold J. Carney

Renate Carroll

Judy Carter

Jennifer L. Casey

Eric Chambers

Nancy Chapman

Eugene S. Cline

Ernest D. Coats -8-

Melanie C. Cousins

~.'~

.. t' . vi"

~
-'.'

Merian Croston

David Douse

Larry T. Duke

Michael Dunagan

James Emory

Gary F. Ford

Emily Fennell

April Foster

Ronald Furukawa

Lori Godfrey

Ira D. Goolsby

KayT. Green

Victor A. Greene

Kevin Hagler

Marilyn Harris -9-

Corbin Harrison

Sonja Hencely

R. Larry Herndon

Robert Herndon

Georgia High

Darren Hodge

Michael F. Hooks

Sandra D. Hunter

Amy R. Johnson

D. Ray Johnston

Teresa H. Johnson

Michael G. Killeen

Melinda G. Kinard

Charles R. Lassiter

Deborah Latimer

-10-

Deborah Long

Gregory O. Lowe

Grace M. Lurry

Virginia Marable

./
fI
Hersha J. McDade

Caldwell McDaniel

Dennis McNeer

Kaushik Mehta

James F. Mills

Tervenia Mitchiner

Larry J. Moody

Larry S. Moor

Susan Nelson

Jenny L. Neville -11-

Wayne Orr

Louis H. Otos

Ned W. Overby

Michael Parker

C. Douglas Peugh

Judy H. Powell

Mark Pressler

Karen Quinn

Murali Ramachandran

Christine Ridge

Michelle F. Rodgers

Barry L. Rooks

Robert Rosentreter

Michael Rosser

Sandra Sheley

Larry E. Shelley

Ralph J. Shire

-12-

C. Craig Smith

Mark A. Smith

Emory L. Stanford

Bonnie C. Steele

John F. Sutphin

Michael Tarrh

Betty Thomas

Charles D. Titshaw, Jr.

Terry Tucker

Lilah Weaver

Carol A. Webb

Fred Wells

Jane M. Whitfield

Tracy D. Whitesides

David T. Windincamp

-13-

Billy C. Wilson, Sr.

Billy S. Wilson, Jr.

Paul Wilson

Shannon Wright

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Ricky Wynn

HISTORY OF THE DEPARTMENT

1919

1997

The Department of Banking and Finance was created by the Executive Reorganization Plan of 1972 as successor to the Department of Banking. In addition to changing the name of the Department, this reorganization also provided for the Department to be headed by a Commissioner as successor to the former Superintendent of Banks, and transferred the supervision of State-Chartered building and loan associations to the Department. 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 recodification in the form of the Financial Institutions Code of Georgia which became 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 Checks Act (1965); The Fiduciary Investment Company Act (1970); International Bank Agency Act (1972); Georgia Business Development Corporation Act (1972); Regulation of Check Cashers (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 to operate in Georgia under Department supervision.

During 1996 and 1997, the Department passed regulations in cooperation with the Office of the Commissioner of Insurance to permit banks in Georgia to sell insurance and annuities. In 1996, Georgia opted-in to the provisions of the federal Riegle-Neal Act which permitted interstate branching of banks by merger. Amendments were also made to interstate holding company laws. This legislation went into effect on June 1, 1997. Branch banking legislation was passed in 1996 which allowed a bank or group of affiliated banks under the same holding company to establish three de novo branch banks in Georgia. Beginning on July 1, 1998, the number of de novo branch banks that a bank may establish will no longer be limited, and the phase in of statewide branching will be complete.

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State of Georgia
Department of Banking and Finance
Internet Web Site
The Department of Banking and Finance maintains an Internet web site that provides a useful source of information regarding financial institutions in the State of Georgia. The website also provides an overview of the History of the Department and its organizational structure.
At our Internet site you will find a reference list of institutions regulated by, licensed by, or registered with the Department. In addition to viewing a full list of institutions by type, a search feature is provided which allows you to submit a query by name or city.
The Department's Internet site also provides access to certain sections of the Financial Institutions Code of Georgia. For a comprehensive listing of statutes pertaining to the financial institutions industry, a link is provided to the Official Code of Georgia Annotated.
The Department prints several publications at regular intervals which are available through its Internet web site. These include the Department's annual report, a monthly bulletin containing announcements affecting financial institutions and actions taken on applications received by the Department. The Mortgage Division's monthly bulletin may also be viewed at our Internet site. This bulletin contains information related to licensing activities and other matters relevant to the mortgage industry. Related application forms for the mortgage industry are also provided. The Department plans to expand the publications and bulletins section of its web site in the future to include a wider variety of application forms and will also provide access to a public applications manual for guidance and instructions when submitting different types of applications to the Department.
For your convenience, the Department has also provided access to other regulatory agencies and industry groups. This feature will assist you in contacting other regulatory agencies and trade groups by providing web links to various home pages for these organizations.
The Department's Internet web address is: http://www.ganet.org/services/dbf/
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Georgia Department of Banking and Finance

FISCAL YEAR 1997 RECEIPTS AND DISBURSEMENTS

REVENUES COLLECTED

Bank Fees

$5,990,084.17

Check Casher Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 72,287.00

Credit Union Fees

566,492.00

Holding Company Fees

489,460.00

International Bank Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 98,877.00

Mortgage Fees

3,269,937.25

Sale of Check Fees

54,374.00

Miscellaneous Fees

9,816.50

TOTAL RECEIPTS

$10.551.327.92

DISBURSEMENTS

Personal Services

$7,272,299.74

Motor Vehicle Expense

103,721.11

Supplies and Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 62,086.92

Repairs and Maintenance

36,940.40

Travel Expense

401,957.83

Motor Vehicle Equipment Purchase

36,543.15

Printing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 45,729.41

Equipment Purchases

596,243.71

Office Rent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 340,837.64

Computer Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 14,125.54

Communications

73,470.95

Per Diem and Fees

12,812.35

Other Operating Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 193,120.54

TOTAL DiSBURSEMENTS

$9.189.889.29

Note: Total Revenues collected are remitted to the office of the Treasury and Fiscal Services.

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Georgia Department of Banking and Finance

STATE CHARTERED FINANCIAL INSTITUTIONS AND OTHER ENTITIES REGULATED BY, LICENSED BY, OR REGISTERED
WITH THE DEPARTMENT OF BANKING AND FINANCE IN 1997

FINANCIAL INSTITUTION
BANKS
CREDIT CARD BANKS
TRUST COMPANIES
BUSINESS DEVELOPMENT CORPORATIONS
BRANCH BANKS, BANK OFFICES AND FACILITIES
DE NOVO BRANCHES
CREDIT UNIONS
FINANCIAL HOLDING COMPANIES
CHECK SELLERS
CHECK CASHERS
DOMESTIC INTERNATIONAL BANKING FACILITIES
REPRESENTATIVE OFFICES
REGISTERED HOLDING COMPANIES
INTERNATIONAL BANK AGENCIES
INTERNATIONAL BANK REPRESENTATIVE OFFICES
MORTGAGE BROKERS, LENDERS, AND REGISTRANTS

TOTALS JANUARY
1,1997
288*

OPENED REGISTERED
LICENSED +8

3

2

1

695

+52

20

+26

89

+1

232

+17

24

+1

236

+37

4

55

+19

0

+1

16

7

1,688

+704

CONVERTED +3
+12 +1

MERGED
TRANSFERRED
-10

CLOSED LIQUIDATED
DEREGISTERED

+7 -15

-38

-1

-3

-1

-26

-1 -53

-2

-21
+6 +2***

-1 -257**

TOTALS DECEMBER
31,1997
289 3 2 1
713 46 86 223 24 220 2
53 9 16
6
2,135

* Adjusted for The Bankers Bank, Atlanta, Georgia, which should have been included in the previous years total. ** Includes two licenses that were in suspended status at the end of the year.
*** Includes two holding companies that are also included in Financial Holding Companies above since they still own a Georgia- based
financial institution.

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Georgia Department of Banking and Finance
AN OVERVIEW OF THE FINANCIAL SERVICE PROVIDERS REGULATED BY THE DEPARTMENT OF BANKING AND FINANCE
The financial and statistical information contained in this report has been compiled from the annual reports of condition submitted by the 289 state-chartered banks, five credit card banks (three statechartered and two with a national charter), 64 national banks, 86 state-chartered credit unions, 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 annual 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 report information, total assets for the state-chartered and national banks in Georgia amounted to $69.2 billion, reflecting a decrease of $77.8 billion from the end of 1996. This decrease is the result of out-of-state holding companies merging their Georgia subsidiary banks into their home state bank and operating the Georgia locations as branches of the home state bank. As a result, the deposits which were formerly shown in the above figures for Georgia banks are now reported as deposits of the home state bank. During the year, 10 new banks were approved compared to 6 the previous year, 8 new banks began business, 3 federally chartered savings and loan associations converted to state chartered banks, and 10 banks merged into existing banks. Seventy-one new branch banks, offices and facilities were opened or acquired through merger or conversion during the year while 53 were closed for a total of 695 banking offices operating in Georgia at the end of 1997. Fifteen of the 25 de novo branch banks approved in 1997, also began operation during the year.
HOLDING COMPANIES
The total number of Georgia bank holding companies decreased slightly in 1997. The Department approved 26 applications by financial holding companies to acquire controlling interest in financial institutions. Of this amount, 13 applications were approved to establish new financial holding companies, and 13 applications were approved for additional acquisitions. Many of these applications also resulted in the merger of acquired holding companies into the acquiring institution. At year-end, there were 223 financial holding companies regulated by the Department.
INTERNA TIONAL BANKING
During 1997, the number of International Bank Representative Offices and Domestic International Banking Facilities licensed by the Department decreased slightly. There were six representative offices of international banks registered or authorized to do business in Georgia. The number of Domestic International Banking Facilities operating in the state decreased from four to two during 1997. The number of International Bank Agencies remained at sixteen for 1997.
REPRESENTA TlVE OFFICES OF BANKS
As of the end of 1997, there were 53 companies registered as representative offices affiliated with banks, operating in this state compared to 55 at the end of 1996. These included 37 registrants of out-of-state companies and 16 registrants of in-state companies.
- 19 -

Georgia Department of Banking and Finance
REGISTERED OUT-OF-STATE HOLDING COMPANIES
Section 7-1-625 of the Official Code of Georgia Annotated requires each bank holding company controlling a bank having banking offices in Georgia to be registered with the Department. At the end of 1997, there were nine out-of-state holding companies who owned banking subsidiaries having branches in Georgia. Six of the registered holding companies were transferred from supervised financial holding companies when the Georgia bank was merged into an out-of-state affiliated bank. Two of the registered holding companies are shown as registered holding companies and as supervised holding companies due to the fact that these two companies still own a Georgia based financial institution.
TRUST COMPANIES
Trust activities continue to be conducted principally by bank trust departments. As of the end of the year, there were two state-chartered trust companies and one national trust company 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 1997. Consolidated financial and statistical reports of the 86 state-chartered credit unions reflect assets which now total $4.7 billion, which is an increase of $558 million or 13.4% since the beginning of the year. All state-chartered credit unions provide their members with deposit insurance through the National Credit Union Share Insurance Fund. During the year, 2 state chartered credit unions merged into existing state chartered credit unions, one federal credit union merged into a state chartered credit union, one state chartered credit union merged into a federal credit union, and one state chartered credit union liquidated.
MORTGAGE LICENSEES AND REGISTRANTS
Article 13 of Title 7 of the Official Code of Georgia Annotated requires all persons who transact business as a mortgage broker or lender to be licensed or registered with the Department. At the end of 1997, active licensees and registrants totaled 2,135, a net increase of 447, or 26.5%, during 1997.
CHECK CASHERS
As of the end of 1997, there were 220 check cashers licensed by the Department. This was a net decrease of 16 over the previous year.
SALE OF CHECKS
The Department has been supervising companies which sell traveler's checks and money orders to the residents of Georgia since 1965. At the end of the year, 24 companies having a total of 6,596 agents throughout the state were licensed to do business compared to 24 companies with 6,413 agents in 1996.
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 the Department. Fiduciary investment companies are also subject to our review and supervision, however, as of the end of 1997, there were none in operation in Georgia.
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Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

MONTGOMERY COUNTY BANKSHARES, INC. *Montgomery County Bank

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FIRST STATE CORPORATION *First State Bank & Trust Company First State Bank and Trust Company in Cordele
FOUR COUNTY BANCSHARES, INC. *The Four County Bank Peoples State Bank
FIRST BANK SHARES OF THE SOUTH EAST, INC. *The First National Bank of Alma
SOUTH BANKING COMPANY *Alma Exchange Bank & Trust Peoples State Bank & Trust Citizens State Bank Pineland State Bank

S
~
U

COMMUNITY BANK CAPITAL CORPORATION *Bank of North Georgia
FIRST COLONY BANCSHARES, INC. *First Colony Bank
COMMUNITY NATIONAL BANCORPORATION *Community National Bank
FIRST AMERICAN BANCORP *First American Bank and Trust Company

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GEORGIA NATIONAL BANCORP, INC. *The Georgia National Bank
BROADSTREET, INC. *AmTrade International Bank of Georgia
CITIZENS BANCSHARES CORPORATION *Citizens Trust Bank
COMMUNITY FINANCIAL SERVICES, INC. *The Bankers Bank
EMBRY BANKSHARES, INC. *Embry National Bank
FIDELITY NATIONAL CORPORATION *Fidelity National Bank
NEWTON FINANCIAL MANAGEMENT COMPANY WILLIAMS PARTNERS, L.P. FNB NEWTON BANKSHARES, INC. *First Newton Bank

PREMIER BANCSHARES, INC. *Premier Bank Citizens Bank of Gwinnett The Central & Southern Bank of North Georgia (FSB) The Central & Southern Bank of Georgia

AILEY Ailey
ALBANY Albany Cordele
ALLENTOWN Allentown Jeffersonville
ALMA Alma
ALMA Alma Baxley Kingsland Metter
ALPHARETTA Alpharetta
ALPHARETTA Alpharetta
ASHBURN Ashburn
ATHENS Athens
ATHENS Athens
ATLANTA Atlanta
ATLANTA Atlanta
ATLANTA Atlanta
ATLANTA Atlanta
ATLANTA Norcross
ATLANTA Atlanta Covington Covington
ATLANTA Atlanta Duluth Greensboro Milledgeville

01/27/1987 02/04/1981
02/14/1989
06/11/1985 11/20/1980
12/29/1992 06/06/1988 02/19/1990 04/02/1986 07/25/1991 03/04/1993 07/01/1976 11/18/1985 11/12/1987 12/18/1979 12/24/1997 12/24/1997 11/30/1984 11/14/1988

*Lead Bank

-21-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

SUMMIT BANK CORPORATION 'The Summit National Bank
SUNTRUST BANKS, INC. SUNTRUST BANKS OF GEORGIA, INC. SunTrust Bank, Northeast Georgia, National Association 'SunTrust Bank, Atlanta SunTrust Bank, Southeast Georgia, National Association SunTrust Bank, West Georgia, National Association SunTrust Bank, Augusta, NA SunTrust Bank, South Georgia, National Association SunTrust Bank, Middle Georgia, National Association SunTrust Bank, Northwest Georgia, National Association SunTrust Bank, Savannah, National Association SUNTRUST BANKS OF TENNESSEE, INC. SUNTRUST BANKS OF FLORIDA, INC. 'Sun Commercial Bank
GEORGIA BANK FINANCIAL CORPORATION 'Georgia Bank & Trust Company of Augusta
INVESTORS FINANCIAL CORPORATION 'Bainbridge National Bank
PORT CITY HOLDING COMPANY, INC. 'The First Port City Bank
UNITED BANK CORPORATION 'United Bank
REGIONS FINANCIAL CORPORATION First Bank of Georgia
'Regions Bank Griffin Federal Savings Bank Bank of Morgan County Bank of Millen Smyrna Bank & Trust Co. Allied Bank of Georgia
SOUTHTRUST CORPORATION SOUTHTRUST OF ALABAMA, INC. SOUTHTRUST BANK, N.A. 'SouthTrust Asset Management Company of Georgia, NA
PEOPLES BANKING CORPORATION 'Peoples Bank
UNITED COMMUNITY BANKS, INC. 'United Community Bank Peoples Bank of Fannin County First Clayton Bank & Trust White County Bank Towns County Bank Citizens Bank
EARLY BANCSHARES, INC. 'Bank of Early

ATLANTA Atlanta
ATLANTA Atlanta Athens Atlanta Brunswick Columbus Evans Leesburg Macon Rome Savannah Nashville, TN Orlando, FL Panama City, FL
AUGUSTA Augusta
BAINBRIDGE Bainbridge
BAINBRIDGE Bainbridge
BARNESVILLE Zebulon
BIRMINGHAM, AL East Point Gainesville Griffin Madison Millen Smyrna Thomson
BIRMINGHAM, AL Birmingham, AL Birmingham, AL Atlanta
BLACKSHEAR Blackshear
BLAIRSVILLE Blairsville Blue Ridge Clayton Cleveland Hiawassee Murphy, NC
BLAKELY Blakely

09/11/1987 01/11/1985 07/01/1976
03/24/1987 10/06/1995 11/27/1991 02/14/1991 08/11/1981 11/25/1981 07/24/1991
05/31/1989 06/02/1997 06/02/1997 02/28/1990 02/04/1988
02/02/1993

'Lead Bank

-22-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

THE MADDOX CORPORATION FIRST STATE BANCSHARES OF BLAKELY, INC. *First State Bank of Blakely First State Bank of Donalsonville
FIRST GEORGIA HOLDING, INC. *First Georgia Bank
FIRST HARALSON CORPORATION *The First National Bank of Haralson County
GRADY HOLDING COMPANY *First National Bank of Grady County
CAMILLA BANCSHARES, INC. *Bank of Camilla
P & C BANK SHARES, INC. *Planters & Citizens Bank
B C BANKSHARES, INC. *Bank of Canton
UNITED SECURITY BANCSHARES, INC. *United Security Bank
FIRST BANKS, INC. First Bank and Trust
*The Bank of Toccoa
COMMUNITY FIRST BANKING COMPANY *Community First Bank
PEOPLES BANCORP, INC. *Peoples Bank of West Georgia
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
NATIONSBANK CORPORATION NationsBank, National Association (Glynn County)
*NationsBank, National Association (Carolinas) BARNETT BANKS, INC.
*Barnett Bank, National Association
FIRST CHATSWORTH BANCSHARES, INC. *The First National Bank of Chatsworth
LIBERTY BANCORP OF GEORGIA, INC. *Rabun County Bank The Gordon Bank

BLAKELY
Blakely Blakely Donalsonville
BRUNSWICK
Brunswick
BUCHANAN
Buchanan
CAIRO
Cairo
CAMILLA
Camilla
CAMILLA
Camilla
CANTON
Canton
CANTON
Sparta
CARNESVILLE
Carnesville Toccoa
CARROLLTON
Carrollton
CARROLLTON
Carrollton
CARROLLTON
Carrollton
CARTERSVILLE
Cartersville
CARTERSVILLE
Cartersville
CEDARTOWN
Cedartown
CHARLOTTE, NC
Brunswick Charlotte, NC Jacksonville, FL Jacksonville, FL
CHATSWORTH
Chatsworth
CLAYTON
Clayton Gordon

11/04/1996 06/13/1986
04/28/1988 03/06/1984 06/30/1978 03/24/1992 12/30/1980 09/05/1984 02/21/1984 04/13/1981
06/10/1997 12/18/1996 08/12/1985 04/28/1983 10/18/1989 OS/20/1986 12/12/1985 11/25/1986 03/03/1983 05/12/1983

'Lead Bank

-23-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

PEOPLES COMMUNITY BANCSHARES, INC. 'Peoples Community Bank Bank of Columbia Farmers Bank of Malone
TB&C BANCSHARES, INC. SYNOVUS FINANCIAL CORP. OF ALABAMA SYNOVUS FINANCIAL CORPORATION 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 Cohutta Banking Company The Citizens Bank of Cochran 'Columbus Bank and Trust Company Synovus Trust Company Citizens & Merchants State Bank Community Bank and Trust of Southeast Alabama First Coast Community Bank The Citizens Bank Bank of Hazlehurst Commercial Bank & Trust Company of Troup County The National Bank of Walton County Bank of Coweta Peachtree National Bank Bank of Pensacola CB&T Bank of Russell County The Quincy State Bank Citizens First Bank Sea Island Bank The National Bank of South Carolina The Tallahassee State Bank Commercial Bank First Community Bank of Tifton First State Bank and Trust Company of Valdosta Vanguard Bank and Trust Company CB&T Bank of Middle Georgia
FIRST COMMERCE BANCORP, INC. 'The First National Bank of Commerce
ROCKDALE NATIONAL BANKSHARES, INC. 'Rockdale National Bank
MID STATE BANKS,INC. 'Cordele Banking Company Planters Bank The First State Bank of Ocilla Pineview State Bank
COMMUNITY BANKSHARES, INC. Community Bank & Trust- Jackson
'Community Bank & Trust - Habersham Community Bank and Trust - Troup Community Bank and Trust
HABERSHAM BAN CORP Security State Bank
'Habersham Bank

COLQUITT
Colquitt Columbia, AL Malone, FL
COLUMBUS
Fort Rucker, AL Columbus Albany Americus Athens Brunswick Carrollton Chatsworth Cochran Columbus Columbus Douglasville Enterprise, AL Fernandina Beach, FL Fort Valley Hazlehurst LaGrange Monroe Newnan Peachtree City Pensacola, FL Phenix City, AL Quincy, FL Rome Statesboro Sumter, SC Tallahassee, FL Thomasville Tifton Valdosta Valparaiso, FL Warner Robins
COMMERCE
Commerce
CONYERS
Conyers
CORDELE
Cordele Hawkinsville Ocilla Pineview
CORNELIA
Commerce Cornelia LaGrange Union Springs, AL
CORNELIA
Canton Clarkesville

04/09/1991 08/25/1986 10/04/1988 07/01/1976
10/27/1981 08/28/1997 03/05/1980 03/12/1981 12/05/1984

'Lead Bank

-24-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

MAIN STREET BANKS INCORPORATED -Main Street Bank
TCB BANCSHARES, INC. -The Commercial Bank
FORSYTH BANCSHARES, INC. -The Citizens Bank of Forsyth County
CENTURY SOUTH BANKS, INC. First National Bank of Union County Fannin County Bank, N.A. First Bank of Polk County
-Bank of Dahlonega Bank of Danielsville First Community Bank of Dawsonville Gwinnett National Bank The Bank of Ellijay Georgia First Bank Peoples Bank, Lavonia, Georgia First South Bank, N. A. AmeriBank, N.A.
FBD HOLDING COMPANY -First Bank of Dalton
HARDWICK HOLDING COMPANY First National Bank of Northwest Georgia
-Hardwick Bank & Trust Company
SOUTHEASTERN BANKING CORPORATION -Southeastern Bank Southeastern Bank of Florida
DAWSON BANCSHARES, INC. -Bank of Dawson
NORTH POINT BANCSHARES, INC. -Dawson County Bank
DECATUR FIRST BANK GROUP, INC. -Decatur First Bank
FNC BANCORP, INC. -First National Bank of Coffee County
SOUTHLAND BANK CORPORATION OF GEORGIA -Southland Bank Coffee County 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

COVINGTON
Covington
CRAWFORD
Crawford
CUMMING
Cumming
DAHLONEGA
Blairsville Blue Ridge Copperhill, TN Dahlonega Danielsville Dawsonville Duluth Ellijay Gainesville Lavonia Macon Savannah
DALTON
Dalton
DALTON
Calhoun Dalton
DARIEN
Darien Yulee, FL
DAWSON
Dawson
DAWSONVILLE
Dawsonville
DECATUR
Decatur
DOUGLAS
Douglas
DOUGLAS
Butler Douglas
DOUGLASVILLE
Douglasville
DUBLIN
Cadwell McRae
DUBLIN
Dublin

11/07/1988 08/10/1989 10/15/1996 04/20/1982
04/17/1995 09/23/1980 04/14/1981 09/19/1983 12/03/1984 03/11/1997 03/19/1991 02/13/1984 12/17/1981 07/24/1979 OS/24/1989

-Lead Bank

-25-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

CCB FINANCIAL CORPORATION *Central Carolina Bank - Georgia
CITIZENS CORPORATION *Citizens Bank & Trust Company
JESSUP FAMILY LIMITED PARTNERSHIP MAGNOLIA MIDLANDS BANKSHARES, INC. *Bank of Eastman
PEOPLES BANKSHARES, INCORPORATED *The Peoples Bank
PUTNAM-GREENE FINANCIAL CORPORATION *Farmers & Merchants Bank First Bank of Coastal Georgia The Farmers Bank
BOE BANCSHARES, INC. *The Bank of Edison
MCCONNELL & CO., AND EBERHARDT, INC. JAM FAMILY PRTSHP I, LP, & JAM FAMILY PRTSHP II, LP PINNACLE FINANCIAL CORPORATION *Pinnacle Bank, National Association Pinnacle Bank
MIDDLE GEORGIA CORPORATION *Bank of Ellaville
CBA BANKSHARES, INC. *Citizens Bank of Americus
APPALACHIAN BANCSHARES, INC. *Gilmer County Bank
FAIRBANCO HOLDING COMPANY INC. EMPLOYEE STOCK OWNERSHIP PLAN
FAIRBANCO HOLDING COMPANY, INC. *Fairburn Banking Company
CBC HOLDING COMPANY *Community Banking Company of Fitzgerald
COLONY BANKCORP, INC. Ashburn Bank Colony Bank Southeast Bank of Dodge County
*The Bank of Fitzgerald Community Bank of Wilcox Bank of Worth
FIRST NATIONAL CORPORATION *First National Bank
COUNTRY BANK COMPANY *Monroe County Bank
CATOOSA BANCSHARES, INC. *Capital Bank

DURHAM, NC Columbus
EASTMAN
Eastman
EASTMAN
Eastman Eastman
EATONTON
Eatonton
EATONTON
Eatonton Pembroke Union Point
EDISON
Edison
ELBERTON
Elberton Elberton Elberton Royston
ELLAVILLE
Ellaville Americus Americus
ELLIJAY
Ellijay
FAIRBURN
Fairburn Fairburn
FITZGERALD
Fitzgerald
FITZGERALD
Ashburn Broxton Eastman Fitzgerald Pitts Sylvester
FOLKSTON
Folkston
FORSYTH
Forsyth
FORT OGLETHORPE
Fort Oglethorpe

01/22/1992 01/15/1985 04/17/1990 08/08/1996 02/17/1984 04/03/1987
03/05/1984 12/23/1993 12/23/1993 04/01/1983
05/08/1981 OS/27/1992 07/12/1996
11/30/1994 06/11/1984 02/20/1997 04/15/1983
07/17/1995 02/25/1982 12/15/1980

*Lead Bank

-26-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

LANIER BANKSHARES, INC. 'Lanier National Bank
FIRST CITIZENS BANKSHARES, INC. 'First Citizens Bank
CITIZENS FINANCIAL SERVICES, INC. 'Citizens Union Bank
MERIWETHER BANK SHARES, INC. 'The Greenville Banking Company
FNB BANKING COMPANY The First National Bank of Barnesville 'First National Bank of Griffin
THE BANK HOLDING COMPANY 'The Bank of Spalding County First Community Bank of Henry County
FIRST DATA CORPORATION FIRST FINANCIAL MANAGEMENT CORPORATION CESI HOLDINGS FD MERCHANT SERVICES CORP. 'First Financial Bank
CCB BANCSHARES, INC. 'Citizens Community Bank
MGEORGIA BANKSHARES, INC. 'SunMark Community Bank
CHATUGE BANK SHARES, INC. 'Bank of Hiawassee
COASTAL BANKSHARES, INC. 'The Coastal Bank
LIBERTY SHARES, INC. 'The Heritage Bank
COMMUNITY TRUST FINANCIAL SERVICES CORPORATION 'Community Trust Bank
FIRST HOGANSVILLE BANKSHARES, INC. 'The Citizens Bank
EMPIRE BANK CORP., INC. 'Empire Banking Company
FIRST GEORGIA COMMUNITY CORP. 'First Georgia Community Bank
MCINTOSH BANCSHARES, INC. 'Mcintosh State Bank
CRESCENT BANKING COMPANY 'Crescent Bank and Trust Company
JBC BANCSHARES, INC. 'Jasper Banking Company

GAINESVILLE Gainesville
GLENNVILLE Glennville
GREENSBORO Greensboro
GREENVILLE Greenville
GRIFFIN Barnesville Griffin
GRIFFIN Griffin McDonough
HACKENSACK,NJ Atlanta Atlanta Sunrise, FL Atlanta
HAHIRA Hahira
HAWKINSVILLE Hawkinsville
HIAWASSEE Hiawassee
HINESVILLE Hinesville
HINESVILLE Hinesville
HIRAM Hiram
HOGANSVILLE Hogansville
HOMERVILLE Homerville
JACKSON Jackson
JACKSON Jackson
JASPER Jasper
JASPER Jasper

04/18/1989 12/16/1980 06/17/1985 07/18/1996 01/17/1983
08/30/1993
10/17/1995 05/31/1989 06/10/1996 12/30/1992 12/15/1982 03/23/1987 08/23/1995 07/07/1982 10/24/1984 02/06/1991 09/23/1982 11/22/1988 12/03/1996 04/24/1991 04/03/1992 07/10/1985

'Lead Bank

-27-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

WAYNE BANCORP, INC. *Wayne National Bank
CCF HOLDING COMPANY *Heritage Bank
FIRST STERLING BANKS, INC. *The Westside Bank & Trust Company The Eastside Bank & Trust Company
LAFAYETTE BANKSHARES, INC. *The Bank of LaFayette, Georgia
FLAG FINANCIAL CORPORATION *First Federal Savings Bank of LaGrange
FMB BANCSHARES, INC. *Farmers and Merchants Bank The United Banking Company
FIRST SECURITY BANKSHARES, INC. Bank of Hartwell
*Northeast Georgia Bank
GBC BANCORP, INC. *Gwinnett Banking Company
LINCOLN BANCSHARES, INC. *Farmers State Bank
FIRST SOUTHERN BANCSHARES, INC. *First Southern Bank
PERSONS BANKING COMPANY, INC. *The Peoples Bank The Bank of Perry Spivey State Bank
THE QUEENSBOROUGH CORPORATION Ogeechee Valley Bank
*The First National Bank & Trust Company Bank of Wadley
SOUTH GEORGIA BANKSHARES CORP. *Peoples Bank
COMMUNITY FINANCIAL CORPORATION *Georgia State Bank
FIRST LIBERTY FINANCIAL CORPORATION *First Liberty Bank
SNB BANCSHARES, INC. *Security National Bank
MADISON BANK CORP *Bank of Madison
F AND M HOLDING COMPANY, INC. *F & M Bank and Trust Company

JESUP
Jesup
JONESBORO
Jonesboro
KENNESAW
Kennesaw Snellville
LAFAYETTE
LaFayette
LAGRANGE
LaGrange
LAKELAND
Lakeland Nashville
LAVONIA
Hartwell Lavonia
LAWRENCEVILLE
Lawrenceville
LINCOLNTON
Lincolnton
LITHONIA
Lithonia
LITHONIA
Lithonia Perry Swainsboro
LOUISVILLE
Millen Tennille Wadley
LYONS
Lyons
MABLETON
Mableton
MACON
Macon
MACON
Macon
MADISON
Madison
MANCHESTER
Manchester

06/14/1990 05/12/1995 07/05/1994 01/03/1984 02/23/1994 10/11/1984 11/15/1983 04/15/1997 12/03/1984 05/11/1995 08/22/1980
11/18/1985
12/17/1980 05/09/1988 07/16/1985 08/16/1994 07/10/1985 12/14/1984

*Lead Bank

-28-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

ABSINVESTORS,LLC AMERICAN BANKSHARES, INC. *Riverside Bank
THREE RIVERS BANCSHARES *Bank of Milan
BALDWIN BANCSHARES, INC. *First National Bank of Baldwin County
CENTURY BANCORP, INC. *Century Bank and Trust
EXCHANGE BANKSHARES, INC. *Exchange Bank
MONTICELLO BANCSHARES, INC. *Bank of Monticello
FMB BANKING CORPORATION *First Merchants Bank
ABC BANCORP First National Bank of South Georgia Cairo Banking Company Central Bank & Trust Merchants and Farmers Bank
*American Banking Company Heritage Community Bank Bank of Thomas County Citizens Security Bank
SOUTHWEST GEORGIA FINANCIAL CORPORATION *Southwest Georgia Bank
HEART OF GEORGIA BANCSHARES, INC. *Mount Vernon Bank
THE NASHVILLE HOLDING COMPANY Adel Banking Company
*The Citizens Bank
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA PRUCO, INC. *The Prudential Bank and Trust Company The Prudential Savings Bank, FSB
BULLSBORO BANCSHARES, INC. *The Bank of Newnan
FIRST CITIZENS CORPORATION First Citizens Bank of Fayette County
*First Citizens Bank First Citizens Bank of Clayton County
FIRST CAPITAL BANCORP, INC. *First Capital Bank
FIRST SECURITY CORPORATION ESOP 401(K) PROVISIONS FIRST SECURITY CORPORATION *First Security National Bank

MARIETTA
Marietta Marietta
MILAN
Milan
MILLEDGEVILLE
Milledgeville
MILLEDGEVILLE
Milledgeville
MILLEDGEVILLE
Milledgeville
MONTICELLO
Monticello
MONTICELLO, FL Thomasville
MOULTRIE
Albany Cairo Cordele Donalsonville Moultrie Quitman Thomasville Tifton
MOULTRIE
Moultrie
MOUNT VERNON
Mount Vernon
NASHVILLE
Adel Nashville
NEWARK, NJ
Newark, NJ Atlanta Atlanta
NEWNAN
Newnan
NEWNAN
Fayetteville Newnan Riverdale
NORCROSS
Norcross
NORCROSS
Norcross Norcross

01/11/1996 12/22/1988 06/23/1987 02/14/1989 02/22/1993 10/05/1983 05/01/1996 11/25/1986 03/23/1981
11/18/1980 09/08/1995 05/16/1985
06/27/1983 06/27/1983
08/27/1996 05/31/1996
06/28/1993 05/12/1997 09/14/1989

'Lead Bank

-29-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

PATTERSON BANKSHARES, INC. 'The Patterson Bank
FIRST COMMUNITY BANKING SERVICES, INC. 'Fayette County Bank
PBC BANCSHARES, INC. 'Pelham Banking Company
CROSSROADS BANCSHARES, INC. 'Crossroads Bank of Georgia
FIRST PEOPLES BANKSHARES, INC. 'First Peoples Bank
INDEPENDENT BANCSHARES, INC. 'Independent Bank & Trust Company
TATTNALL BANCSHARES, INC. 'The Tattnall Bank
GEORGIA COMMUNITY BANCORP, INC. Bank of Terrell Commercial State Bank
'The Citizens State Bank
BRYAN BANCORP OF GEORGIA, INC. 'Bryan Bank & Trust
CIRCUIT CITY STORES, INC. 'First North American National Bank
GATEWAY BANCSHARES, INC. 'Gateway Bank & Trust
NW SERVICES CORPORATION 'Northwest Georgia Bank
1ST FLOYD BANKSHARES, INC. '1 st Floyd Bank
GREATER ROME BANCSHARES, INC. 'Greater Rome Bank
ROSSVILLE BANKSHARES, INC. 'Rossville Bank
NORTH FULTON BANCSHARES, INC. 'Milton National Bank
SARDIS BANKSHARES, INC. 'Bank of Burke County
THE SAVANNAH BANCORP, INC. 'The Savannah Bank, National Association
BUTTON GWINNETT FINANCIAL CORP 'The Bank of Gwinnett County
GEORGIA CENTRAL BANCSHARES, INC. 'Georgia Central Bank

PATTERSON Patterson
PEACHTREE CITY Peachtree City
PELHAM Pelham
PERRY Perry
PINE MOUNTAIN Pine Mountain
POWDER SPRINGS Powder Springs
REIDSVILLE Reidsville
REYNOLDS Dawson Donalsonville Reynolds
RICHMOND HILL Richmond Hill
RICHMOND, VA Marietta
RINGGOLD Ringgold
RINGGOLD Ringgold
ROME Rome
ROME Rome
ROSSVILLE Rossville
ROSWELL Roswell
SARDIS Sardis
SAVANNAH Savannah
SNELLVILLE Lawrenceville
SOCIAL CIRCLE Social Circle

01/17/1986 06/29/1989 10/25/1990 06/02/1992 07/12/1995 07/08/1996 03/03/1986 10/25/1984
08/11/1989 07/27/1990 02/29/1996 12/14/1983 12/10/1996 03/27/1995 08/13/1984 08/21/1990 11/05/1986 07/09/1990 07/30/1987 09/06/1984

'Lead Bank

-30-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

SOPERTON NAVAL STORES, INC. SOPERTON BANCSHARES, INC. 'The Bank of Soperton
GOLDEN ISLES FINANCIAL HOLDINGS, INC. 'The First Bank of Brunswick
FIRST NATIONAL BANC, INC. 'First National Bank
EAGLE BANCORP, INC. 'Eagle Bank and Trust
FIRST BANKING COMPANY OF SOUTHEAST GEORGIA Metter Banking Company First National Bank of Effingham
'First Bulloch Bank & Trust Company
HENRY COUNTY BANCSHARES, INC. 'The First State Bank
QUANTUM CAPITAL CORPORATION 'Quantum National Bank
SWAINSBORO BANKSHARES, INC. 'The Citizens Bank of Swainsboro
SCREVEN BANCSHARES, INC. 'Farmers and Merchants Bank
FIRST BANK HOLDING COMPANY 'Sylvester Banking Company
UPSON BANKSHARES, INC. 'Bank of Upson
WCG BANCSHARES, INC. 'West Central Georgia Bank
THOMASVILLE BANCSHARES, INC. 'Thomasville National Bank
GEORGIA-CAROLINA BANCSHARES, INC. 'McDuffie Bank & Trust
TAG BANCSHARES, INC. 'Citizens Bank and Trust, Inc.
TRI-STATES BANKSHARES, INC. 'Bank of Dade
SUMMERVILLEITRION BANCSHARES, INC. 'First National Bank of Chattooga County
ADAIRSVILLE BANCSHARES, INC. 'Bank of Adairsville
EAGLE BANCSHARES, INC. 'Tucker Federal Bank
GEORGIA BANCSHARES, INC. 'Community Bank of Georgia

SOPERTON
Soperton Soperton
ST. SIMONS ISLAND
Brunswick
ST. MARYS
St. Marys
STATESBORO
Statesboro
STATESBORO
Metter Springfield Statesboro
STOCKBRIDGE
Stockbridge
SUWANEE
Suwanee
SWAINSBORO
Swainsboro
SYLVANIA
Sylvania
SYLVESTER
Sylvester
THOMASTON
Thomaston
THOMASTON
Thomaston
THOMASVILLE
Thomasville
THOMSON
Thomson
TRENTON
Trenton
TRENTON
Trenton
TRION
Summerville Adairsville Adairsville
TUCKER
Tucker
TUCKER
Tucker

07/01/1992 08/26/1988 05/05/1989 07/17/1996 03/05/1990 02/08/1982
03/07/1983 12/18/1995 OS/27/1992 10/15/1990 08/22/1983 10/23/1996 12/10/1982 08/22/1995 05/06/1997 06/28/1991 04/27/1982 02/14/1986 11/02/1987 01/24/1986 06/22/1995

'Lead Bank

-31-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

MERIT HOLDING CORPORATION Charter Bank and Trust Co.
'Mountain National Bank
DURDEN BANKSHARES, INC. 'Durden Banking Company, Incorporated
MIDDLE GEORGIA BANKSHARES, INC. 'Citizens Bank
ALTAMAHA BANCSHARES, INC. 'Altamaha Bank and Trust Company
PAB BANKSHARES, INC. Farmers & Merchants Bank First Community Bank of Southwest Georgia
'The Park Avenue Bank
THE LANGDALE COMPANY LANGDALE INDUSTRIES, INC. LOWNDES BANCSHARES, INC. 'Commercial Banking Company
VB&T BANCSHARES CORP. 'Valdosta Bank and Trust
DBT HOLDING COMPANY 'Darby Bank and Trust Co.
VIDALIA BANKSHARES, INC. 'First Community Bank of Vidalia
DOOLY BANCSHARES, INC. 'Bank of Dooly
CB FINANCIAL CORP. 'Citizens Bank
WASHINGTONIWILKES HOLDING COMPANY 'Farmers and Merchants Bank
JONES BANCSHARES, L.P. PRIMESOUTH BANCSHARES, INC. 'The Blackshear Bank
WB&T BANKSHARES, INC. 'Waycross Bank & Trust
FIRST BURKE BANKING COMPANY '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

TUCKER
Marietta Tucker
TWIN CITY
Twin City
UNADILLA
Vienna
UVALDA
Uvalda
VALDOSTA
Adel Bainbridge Valdosta
VALDOSTA
Valdosta Hahira Hahira
VALDOSTA
Valdosta
VIDALIA
Vidalia
VIDALIA
Vidalia
VIENNA
Vienna
WARRENTON
Warrenton
WASHINGTON
Washington
WAYCROSS
Blackshear Blackshear
WAYCROSS
Waycross
WAYNESBORO
Waynesboro
WEST POINT
West Point
WILLACOOCHEE
Willacoochee
WINDER
Winder

04/24/1991
02/07/1996 10/31/1983 11/03/1980 08/02/1982
10/19/1995 10/19/1995 09/16/1985 11/29/1990 01/26/1990 OS/27/1992 04/03/1985 01/09/1986 03/20/1986 10/29/1993 12/18/1990 11/22/1989 02/26/1986 07/13/1983 09/18/1980 11/17/1983

'Lead Bank

-32-

Georgia Department of Banking and Finance

NAME

FINANCIAL HOLDING COMPANIES AND THEIR FINANCIAL SUBSIDIARIES

CITY

APPROVED

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. Knight State Bank
*Bank of Wrightsville

WOODBURY Woodbury
WOODLAND Woodland
WOODSTOCK Woodstock
WRENS Wrens
WRIGHTSVILLE Dexter Wrightsville

12/08/1983 05/02/1988 12/20/1988 05/14/1990 11/03/1986

'Lead Bank

-33-

Georgia Department of Banking and Finance

Distribution by Asset Size
lOver 100 Million 31.2% ~

Over 50 Million 33.6%

Over 1 Billion 2.6% Under 10 Million 1.7%

I Over 10 Million 30.9%
DOver 1 Billion ( 9 Banks) Over 100 Million ( 110 Banks) Over 50 Million ( 119 Banks) Over 10 Million ( 109 Banks)
Under 10 Million ( 6 Banks)

The chart above portrays the size distribution of the 353 national and statechartered banks located in Georgia.
- 34-

Georgia Deportment of Bonking and Finance

COMBINED REPORTS OF CONDITION OF STATE AND NATIONAL BANKS IN GEORGIA AS OF DECEMBER 31, 1997

WITH COMPARATIVE STATEMENT AS OF DECEMBER 31,1996 (AMOUNTS IN MILLIONS)

ASSETS

12-31-97

Gross Loans

,

,,,

Allowance for Loan and Lease Losses

Unearned Income

, . , . , .. ,

Net Loans

,

, .. ,

Lease Financial Receivables

""

Interest Bearing Depository Balances

Securities , , ,

,.,

Trade Account

,.,

353 Banks

, , , , , .. 45,999

,

, . , .. (1,026) ,,.

,., 44,973

""

,., 384

,,,,,.,,,,

, 431

,,,,,,.,

12,334

,,,,,,

97

Federal Funds Sold and Securities Purchased under Agreement to Resell

"" .. ,..... 3,233

TOTAL EARNING ASSETS

,.".""",

61,452

Cash and Non-Interest Bearing Depository Balances, . , . ,

3,517

Bank Premises, Furniture and Fixtures .. " . " " . " " , .. ,

1,080

Other Real Estate Owned

, . , , . , , .. , .. , , .. ,

, 70

Intangible Assets ,

,

,., .. , .. , .. ,.......... 187

All Other Assets. , ,

, , . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2,941

TOTAL ASSETS .. ,

", .. ,

,

69,247

12-31-96
355 Banks 99,749 (1,915)
97,834 1,903 358 21,631
453
9,242 131,421
7,111 1,975
166 1,238 5,170 147,081

LIABILITIES

Demand Deposits of IPC-Domestic

, .. , , , , , . , , . ,

7,739

Time and Savings Deposits of IPC - Domestic

, .. , .. ,

32,970

Deposits in Foreign Offices

2,626

Deposits of U.S. Government

, , . , , . , .. 51

Deposits of State, Counties and Municipalities

3,115

Certified and Officers' Checks ,

, 265

All Other Deposits

, , . , , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174

TOTAL DEPOSITS ,

,

46,940

Federal Funds Purchased and Securities Sold

under Agreement to Repurchase ., .. "",.".,

4,664

Other Liabilities for Borrowed Money Mortgage Indebtedness

,."", .. , .. 5,469 , .. , . . . . . .

All Other Liabilities .. ,....................................... 2,895

TOTAL LIABILITIES , ,

59,968

Subordinated Notes and Debentures

, , 407

EQUITY CAPITAL

Preferred Stock,

, , .. , , .. , . , .. ,

,,.................. 8

Common Stock

",.,."

, """".,

484

Surplus

,

, . , , 3,927

Undivided Profits and Capital Reserves

, .. ,,3,383

Adjustments to Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1,070

TOTAL EQUITY CAPITAL

,

, . , , 8,872

17,331 74,779
3,476 445
5,005 352 203
101,591
15,037 8,348
9 5,491 130,476
1,612
222 1,532 7,319 5,081
839 14,993

TOTAL LIABILITIES, SUBORDINATED NOTES AND DEBENTURES, AND EQUITY CAPITAL

,.,..... 69,247

147,081

-35-

Georgia Department of Banking and Finance

COMBINED STATEMENT OF EARNINGS AND EXPENSES OF STATE AND NATIONAL BANKS IN GEORGIA AS OF DECEMBER 31, 1997
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1996 (AMOUNTS IN MILLIONS)

INTEREST INCOME

12-31-97 353 Banks

12-31-96 355 Banks

Interest and Fees on Loans

, . , , . . . 4,548

Income from Lease Financing

31

Interest on Balances with Depository Institutions

, . 20

Income on Federal Funds Sold and Securities Purchased

under Agreement to Resell .,............................... 164

Interest and Dividends from Securities

, .. 676

Trading Account Interest

,

',

,

_ _1

TOTAlINTEREST INCOME

,,'. 5,440

8,556 146 23
432 1,419
7 10,583

INTEREST EXPENSE

Interest on Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1,728

Expense on Federal Funds Purchased and

Securities Sold under Agreement to Repurchase. . . . . . . . . . . . . .. 234

Interest on Other Borrowed Money

, , .. , 235

Interest on Mortgages and Leases

0

Interest on Subordinated Notes and Debentures

, . ---.2.3.

TOTAL INTEREST EXPENSE

"

2,220

3,436
771 435
2 106 4,750

NET INTEREST INCOME

, ,....... 3,220

5,833

TOTAL NONINTEREST INCOME

, . , , .. ,

, . " 1,482

2,552

OVERHEAD EXPENSE

Salaries and Employee Benefits. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 1,073

Net Occupancy Expense of Bank Premises and

Equipment Expenses

334

Other Noninterest Expenses

, ., 1,170

TOTAL OVERHEAD EXPENSE. ,

,

2,577

PROVISIONS FOR LOAN LOSSES

,., .. , ".,

741

SECURITIES GAINS AND LOSSES

,

, , , . -ill

NET OPERATING INCOME BEFORE TAXES

1,383

APPLICABLE INCOME TAXES

479

NET OPERATING INCOME AFTER TAXES

, , .. ,

904

EXTRAORDINARY INCOME OR EXPENSES, NET .. , .. , ,

_ _0

NET INCOME

,

904

1,669
598 2,744 5,011 1,000
~
2,398 839
1,559 _ _0
1,559

- 36-

Georgia Department of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS
NAME OF BANK

BEGIN

TOTAL

BUSINESS ** ASSETS

Abbeville Abbeville Adairsville Adel Adel Ailey Alamo Alapaha 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 Augusta Augusta Bainbridge Bainbridge Bainbridge Barnesville Barwick Baxley Blackshear Blackshear Blairsville Blairsville Blakely Blakely

Wilcox Wilcox Bartow Cook Cook Montgomery Wheeler Berrien Dougherty Dougherty Dougherty Wilkinson Bacon Bacon Fulton Sumter Sumter Turner Turner Clarke Clarke Clarke
Clarke DeKalb Fulton Fulton Fulton Fulton Fulton Fulton DeKalb Cobb Fulton Richmond Richmond Decatur Decatur Decatur Lamar Brooks Appling Pierce Pierce Union Union Early Early

Wilcox County State Bank Dorsey State Bank * Bank of Adairsville Adel Banking Company Farmers & Merchants Bank Montgomery County Bank Wheeler County State Bank Bank of Alapaha First State Bank & Trust Company * First National Bank of South Georgia Security Bank and Trust Company of Albany The Four County Bank * The First National Bank of Alma Alma Exchange Bank & Trust First Colony Bank Citizens Bank of Americus Sumter Bank and Trust Company * Community National Bank Ashburn Bank * The Georgia National Bank FirstAmerican Bank and Trust Company * SunTrust Bank, Northeast Georgia, National Association Athens First Bank & Trust Company * The Summit National Bank Capitol City Bank & Trust Company AmTrade International Bank of Georgia First Financial Bank Monogram Credit Card Bank of Georgia * SunTrust Bank, Atlanta * Citizens Trust Bank The Prudential Bank and Trust Company * The Bankers Bank Premier Bank Georgia Bank & Trust Company of Augusta * First Union Direct Bank, National Association The First Port City Bank * Bainbridge National Bank First Community Bank of Southwest Georgia * The First National Bank of Barnesville Barwick Banking Company Peoples State Bank & Trust The Blackshear Bank Peoples Bank * First National Bank of Union County United Community Bank First State Bank of Blakely Bank of Early

04-22-1952 10-04-1972
1899 03-01-1929 01-15-1948 03-01-1926 01-17-1945 03-25-1905 03-31-1961 05-29-1991 08-31-1970 09-15-1941 05-01-1951 10-14-1939 01-18-1985 03-25-1937 10-28-1974 08-06-1990
1900 01-04-1988 11-01-1949
1866
05-01-1929 03-10-1988 10-03-1994 03-19-1993 05-07-1993 06-27-1988
1891 08-17-1921 09-04-1945 01-31-1986 07-29-1985 08-28-1989 06-02-1997 10-07-1974 04-01-1991 01-24-1935 04-02-1902 06-01-1967 07-01-1966
1892 08-05-1946 01-04-1982 03-01-1950 05-15-1937 04-28-1941

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97

30,578 7,372
38,914 61,125 49,750 81,253 21,896 44,465 439,999 53,193 207,053 31,852 117,505 59,572 130,772 113,959 168,017 91,513 100,172 92,540 130,608 665,648
540,673 177,614
35,716 137,808 312,791 1,498,340 17,109,739 128,356 1,021,687 557,706 366,053 250,479 5,420,915
61,381 76,904 87,871 84,534
8,395 41,873 60,496 90,697 45,644 404,155 93,534 49,813

-37-

Georgia Department of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS NAME OF BANK

BEGIN

TOTAL

BUSINESS ** ASSETS

Blue Ridge Blue Ridge Broxton Brunswick Brunswick Brunswick Brunswick
Buchanan Buford Butler Cadwell Cairo Cairo Cairo Calhoun Calhoun Camilla Camilla Canton Canton Canton Carnesville Carrollton Carrollton Carrollton Carrollton Cartersville Cartersville Cedartown Chatsworth Chatsworth Chickamauga Clarkesville Claxton Claxton Clayton Clayton Cleveland Cochran Cochran Colquitt Columbus Columbus Columbus
Columbus Comer

Fannin Fannin Coffee Glynn Glynn Glynn Glynn
Haralson Gwinnett Taylor Laurens Grady Grady Grady Gordon Gordon Mitchell Mitchell Cherokee Cherokee Cherokee Franklin Carroll Carroll Carroll Carroll Bartow Bartow Polk Murray Murray Walker Habersham Evans Evans Rabun Rabun White Bleckley Bleckley Miller Muscogee Muscogee Muscogee
Muscogee Madison

* Fannin County Bank, N.A. Peoples Bank of Fannin County Colony Bank Southeast The First Bank of Brunswick The Coastal Bank of Georgia
* NationsBank, National Association (Glynn County) * SunTrust Bank, Southeast Georgia,
National Association * The First National Bank of Haralson County
Peoples Bank & Trust Southland Bank Farmers State Bank Citizens Bank Cairo Banking Company * First National Bank of Grady County Georgia Bank &Trust * First National Bank of Northwest Georgia Bank of Camilla Planters & Citizens Bank Bank of Canton Etowah Bank Security State Bank First Bank and Trust Community First Bank * West Georgia National Bank of Carrollton Citizens Bank and Trust of West Georgia Peoples Bank of West Georgia Bartow County Bank First Community Bank & Trust * The First National Bank of Polk County * The First National Bank of Chatsworth Cohutta Banking Company Bank of Chickamauga Habersham Bank The Claxton Bank Tippins Bank &Trust Company Rabun County Bank First Clayton Bank & Trust White County Bank State Bank of Cochran The Citizens Bank of Cochran Peoples Community Bank Columbus Bank and Trust Company Central Carolina Bank - Georgia * SunTrust Bank, West Georgia, National Association * Universal Bank, National Association Merchants and Farmers Bank of Comer, Georgia

05-31-1994 08-01-1986 09-01-1966 07-02-1990 06-01-1950 12-31-1926
1894
03-04-1909 12-13-1984 09-04-1926 08-23-1972 01-01-1904 11-23-1903 06-19-1918 02-15-1988 01-12-1905
1890 05-24-1913
1892 01-29-1927 10-22-1990 08-01-1960 12-31-1929 09-16-1946 07-01-1947 03-03-1997 03-28-1974 10-23-1989 01-01-1920 08-18-1975 01-24-1906 05-10-1910 05-01-1904 02-24-1941 09-03-1940 10-10-1975 03-05-1990 10-29-1976 01-05-1922 07-01-1942 10-19-1973
1889 05-28-1993
1892
03-26-1990 10-10-1935

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97

69,919 135,540
26,409 104,913 164,724 259,682 529,154
115,443 164,973
61,527 71,092 29,141 73,570 107,127 159,783 196,964 59,788 71,716 321,096 429,652 63,647 83,808 384,678 198,162 243,920 21,593 157,262 90,932 131,296 87,532 128,909 49,439 264,389 79,397 45,719 80,330 76,286 120,462 75,137 54,743 60,495 1,958,816 103,876 504,843
74,548 52,972

-38-

Georgia Department of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS
NAME OF BANK

BEGIN BUSINESS

TOTAL ** ASSETS

Commerce Commerce Conyers Cordele Cordele Cordele Cornelia Covington Covington Crawford Cumming Cumming Cuthbert Dahlonega Dahlonega Dalton Dalton Dalton Danielsville Darien Darien Dawson Dawson Dawsonville Dawsonville Decatur Decatur Dexter Donalsonville Donalsonville Donalsonville Doraville Douglas Douglas Douglasville Douglasville Dublin Dublin Dudley Duluth Duluth East Point Eastman Eastman Eastman Eatonton Eatonton Edison

Jackson Jackson Rockdale Crisp Crisp Crisp Habersham Newton Newton Oglethorpe Forsyth Forsyth Randolph Lumpkin Lumpkin Whitfield Whitfield Whitfield Madison Mcintosh Mcintosh Terrell Terrell Dawson Dawson DeKalb DeKalb Laurens Seminole Seminole Seminole DeKalb Coffee Coffee Douglas Douglas Laurens Laurens Laurens Gwinnett Gwinnett Fulton Dodge Dodge Dodge Putnam Putnam Calhoun

~ The First National Bank of Commerce Community Bank & Trust- Jackson
* Rockdale National Bank Cordele Banking Company First State Bank and Trust Company in Cordele Central Bank & Trust Community Bank & Trust - Habersham
* First Newton Bank Main Street Bank The Commercial Bank Lanier Bank & Trust Company The Citizens Bank of Forsyth County First State Bank of Randolph County Lumpkin County Bank Bank of Dahlonega First Bank of Dalton Hardwick Bank & Trust Company
* Premier National Bank Bank of Danielsville Southeastern Bank
* Sapelo National Bank Bank of Dawson Bank of Terrell Dawson County Bank First Community Bank of Dawsonville Bank Atlanta Decatur First Bank Knight State Bank Commercial State Bank Merchants and Farmers Bank First State Bank of Donalsonville Global Commerce Bank Coffee County Bank
* First National Bank of Coffee County Citizens & Merchants State Bank Douglas County Bank The Morris State Bank Farmers & Merchants Bank Bank of Dudley Citizens Bank of Gwinnett
* Gwinnett National Bank First Bank of Georgia Bank of Eastman Citizens Bank & Trust Company Bank of Dodge County Farmers & Merchants Bank The Peoples Bank The Bank of Edison

01-01-1904 1892
10-14-1997 06-15-1927 01-03-1939 06-30-1993
1900 08-28-1963 04-10-1901 09-05-1924 10-08-1986 02-03-1997 01-02-1959 12-14-1982 05-27-1914 01-08-1996 02-20-1922 11-25-1996 01-15-1908
1889 05-29-1997 07-01-1911 05-01-1936 07-13-1953 04-22-1991 12-15-1987 09-02-1997 02-01-1967 12-16-1938 09-24-1925 01-01-1934 08-18-1995 07-01-1931 09-23-1991 10-06-1987 06-24-1974 10-02-1958 07-06-1910 11-01-1905 04-16-1984 06-01-1989 03-25-1988 01-02-1919 04-01-1949 09-26-1966 11-15-1922 05-01-1944
1904

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97

124,662 81,196 16,050
107,152 96,174 58,708
226,625 175,163 400,313
49,208 71,361 38,024 41,450 46,083 115,396 73,837 286,435 30,128 62,765 272,328 12,673 71,453 76,729 85,148 66,838 70,557 16,478 36,182 65,126 42,506 95,913 36,750 86,523 44,793 72,992 85,758 95,712 267,921 71,335 167,238 48,533 195,513 82,407 80,970 43,173 97,285 70,146 35,034

-39-

Georgia Department of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS NAME OF BANK

BEGIN

TOTAL

BUSINESS ** ASSETS

Elberton Ellaville Ellijay Ellijay Evans Fayetteville Fitzgerald Fitzgerald Folkston Forsyth Forsyth Fort Fort Valley Gainesville Gainesville Gainesville Gainesville Gibson Glennville Glennville Gray Greenville Griffin Griffin Haddock Hahira Hartwell Hawkinsville Hawkinsville Hazlehurst Hiawassee Hiawassee Hinesville Hinesville Hiram Hogansville Homerville Irwinton Jackson Jackson Jasper Jasper Jeffersonville Jesup Kennesaw Kingsland LaFayette

Elbert Schley Gilmer Gilmer Columbia Fayette Ben Hill Ben Hill Charlton Monroe Monroe Catoosa Peach Hall Hall Hall Hall Glascock Tattnall Tattnall Jones Meriwether Spalding Spalding Jones Lowndes Hart Pulaski Pulaski Jeff Davis Towns Towns Liberty Liberty Paulding Troup Clinch Wilkinson Butts Butts Pickens Pickens TWiggs Wayne Cobb Camden Walker

* Pinnacle Bank, National Association Bank of Ellaville The Bank of Ellijay Gilmer County Bank
* SunTrust Bank, Augusta, N.A. First Citizens Bank of Fayette County The Bank of Fitzgerald Community Banking Company of Fitzgerald
* First National Bank Monroe County Bank The Farmers Bank Capital Bank The Citizens Bank Gainesville Bank & Trust
* Lanier National Bank Georgia First Bank Regions Bank Bank of Gibson The Glennville Bank and Trust Company First Citizens Bank Bank of Gray The Greenville Banking Company The Bank of Spalding County
* First National Bank of Griffin Jones County Bank Citizens Community Bank Bank of Hartwell Planters Bank SunMark Community Bank Bank of Hazlehurst Bank of Hiawassee Towns County Bank The Coastal Bank The Heritage Bank Community Trust Bank The Citizens Bank Empire Banking Company Wilkinson County Bank Mcintosh State Bank First Georgia Community Bank Jasper Banking Company Crescent Bank and Trust Company Peoples State Bank
* Wayne National Bank The Westside Bank & Trust Company Citizens State Bank The Bank of LaFayette, Georgia

03-12-1934 09-16-1910 06-01-1914 03-03-1995
1871 08-06-1990 04-15-1976 04-19-1996 04-01-1996 10-15-1908
1910 08-07-1964 01-01-1907 02-01-1988 08-01-1989 03-25-1985 06-01-1987 11-27-1905 01-18-1905 01-04-1943 08-28-1909
1891 12-05-1986 05-12-1933 07-25-1905 02-21-1927 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 06-01-1945 07-16-1907 09-18-1964 09-08-1997 03-12-1945 08-14-1989 12-10-1969 09-26-1990 05-14-1990 10-27-1971
1899

152,296 57,835 90,631
112,163 536,558
94,641 97,731 51,896 14,214 46,709 44,938 74,492 72,823 172,943 94,278 160,211 3,521,230
9,245 81,395 67,092 114,551 21,797 60,106 191,022
4,239 58,843 72,706 58,854 60,893 53,078 122,786 67,588 64,513 184,971 89,650 31,217 70,087 26,353 149,346 16,319 138,631 89,018 19,461 50,502 94,440 17,693 120,530

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97
-40-

Georgia Department of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS NAME OF BANK

BEGIN

TOTAL

BUSINESS ** ASSETS

LaGrange
LaGrange Lakeland Lavonia Lavonia Lawrenceville Lawrenceville Lawrenceville Lawrenceville Leary Leesburg
Lenox Lincolnton Lithonia Lithonia Loganville Lumber City Lumpkin Lyons Mableton Macon Macon Macon
Macon Macon Madison Madison Manchester Marietta Marietta Marietta McDonough McRae McRae Metter Metter Milan Milledgeville Milledgeville Milledgeville Milledgeville Millen Millen Molena Monroe

Troup
Troup Lanier Franklin Franklin Gwinnett Gwinnett DeKalb Gwinnett Calhoun Lee
Cook Lincoln DeKalb DeKalb Walton Telfair Stewart Toombs Cobb Bibb Bibb Bibb
Bibb Bibb Morgan Morgan Meriwether Cobb Cobb Cobb Henry Telfair Telfair Candler Candler Telfair Baldwin Baldwin Baldwin Baldwin Jenkins Jenkins Pike Walton

Commercial Bank & Trust Company of Troup County Community Bank and Trust - Troup Farmers and Merchants Bank Peoples Bank, Lavonia, Georgia Northeast Georgia Bank The Bank of Gwinnett County * The Brand Banking Company * Embry National Bank Gwinnett Banking Company Jordan Banking Company * SunTrust Bank, South Georgia, National Association Bank of Lenox Farmers State Bank The Peoples Bank First Southern Bank Bank of Loganville Bank of Lumber City Farmers State Bank Peoples Bank Georgia State Bank First Macon Bank & Trust Company * Security National Bank * SunTrust Bank, Middle Georgia, National Association * First South Bank, N. A. Rivoli Bank & Trust Bank of Madison Bank of Morgan County F & M Bank and Trust Company Charter Bank and Trust Co. * First North American National Bank Riverside Bank First Community Bank of Henry County The Security State Bank The Merchants & Citizens Bank Metter Banking Company Pineland State Bank Bank of Milan Exchange Bank * First National Bank of Baldwin County Century Ban,k and Trust The Central & Southern Bank of Georgia Bank of Millen Ogeechee Valley Bank First Bank of Pike Walton Bank & Trust Co.

09-15-1941
12-15-1984 1907
10-10-1988 09-23-1940 04-21-1988 07-17-1905 12-07-1987 10-31-1997 01-03-1966 11-01-1945
06-25-1907 12-02-1911
1910 04-26-1989 10-05-1946 07-02-1945 12-01-1911 06-01-1935 04-28-1986 07-15-1988 11-03-1988 09-12-1912
10-30-1992 06-21-1997
1890 1898 02-21-1948 02-02-1989 11-19-1990 04-17-1987 08-04-1984 08-23-1972 03-28-1929 08-26-1935 10-15-1962 10-01-1906 06-01-1903 07-03-1989 1898 1884 1893 01-07-1974 1899 08-15-1988

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97

156,813
37,341 120,032
45,180 102,893 215,189 253,206
86,174 12,777 10,755 673,511
26,083 56,384 62,626 57,115 50,928 16,354 32,045 41,526 100,975 186,104 140,676 569,927
186,639 22,715 73,273 43,625 34,598
130,831 498,288 121,457
73,292 30,251 49,332 105,288 30,566 34,065 115,762 64,147 102,286 156,862 42,485 28,148 22,546 40,018

-41-

CITY

COUNTY

Georgia Department of Banking and Finance

STATE AND NATIONAL BANKS NAME OF BANK

BEGIN

TOTAL

BUSINESS ** ASSETS

Monroe Monticello Moultrie Moultrie Mount Vernon Nashville Nashville Newington Newnan Newnan Norcross Norcross Norcross Ocilla Omega Patterson Peachtree City Peachtree City Pearson Pelham Pembroke Perry Perry Pine Mountain Pineview Pitts Powder Quitman Quitman Reidsville Reynolds Richmond Hill Ringgold Ringgold Riverdale Rochelle Rockmart Rome Rome
Rome Rome Rossville Roswell Royston Sandersville Sandersville Sardis

Walton Jasper Colquitt Colquitt Montgomery Berrien Berrien Screven Coweta Coweta Gwinnett Gwinnett Gwinnett Irwin Tift Pierce Fayette Fayette Atkinson Mitchell Bryan Houston Houston Harris Wilcox Wilcox Cobb Brooks Brooks Tattnall Taylor Bryan Catoosa Catoosa Clayton Wilcox Polk Floyd Floyd
Floyd Floyd Walker Fulton Franklin Washington Washington Burke

* The National Bank of Walton County Bank of Monticello American Banking Company
* Southwest Georgia Bank Mount Vernon Bank The United Banking Company The Citizens Bank Bank of Newington Bank of Coweta The Bank of Newnan
* First Security National Bank * Fidelity National Bank
First Capital Bank The First State Bank of Ocilla South Georgia Banking Company The Patterson Bank * Peachtree National Bank Fayette County Bank The Citizens Exchange Bank Pelham Banking Company First Bank of Coastal Georgia Crossroads Bank of Georgia The Bank of Perry First Peoples Bank Pineview State Bank Community Bank of Wilcox Independent Bank & Trust Company * The Citizens National Bank of Quitman Heritage Community Bank The Tattnall Bank The Citizens State Bank Bryan Bank & Trust Gateway Bank & Trust Northwest Georgia Bank First Citizens Bank of Clayton County Rochelle State Bank United Bank & Trust Company Greater Rome Bank * SunTrust Bank, Northwest Georgia, National Association Citizens First Bank 1st Floyd Bank Rossville Bank * Milton National Bank Pinnacle Bank The Geo. D. Warthen Bank Citizens Bank of Washington County Bank of Burke County

1891 02-10-1964 10-01-1971 01-03-1928 01-24-1901 07-15-1924 03-01-1943 08-14-1919 10-06-1972 11-23-1987 06-25-1985 02-12-1974 12-18-1989 06-01-1943 01-02-1968 06-19-1907 09-11-1986 11-03-1989 05-12-1945 12-08-1936 02-11-1938 09-14-1987
1889 07-09-1990 09-20-1910 06-01-1906 01-11-1990 08-25-1934
1888 1900 09-08-1922 12-27-1989 04-21-1997 08-01-1904 03-17-1984 08-01-1947 01-16-1990 02-26-1996 1977
01-01-1911 06-15-1967 12-13-1963 01-18-1992 09-01-1941 03-18-1957 05-03-1965 07-02-1945

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97

141,207 46,897
127,686 213,907
32,588 61,006 81,203 32,914 200,878 98,044 70,516 656,498 136,685 42,227 126,021 57,804 133,654 131,229 19,873 42,473 63,165 73,501 48,628 46,472 15,938 27,541 107,976 43,911 41,909 46,476 30,508 65,192 36,598 256,384 63,936 16,075 41,623 44,349 373,521
203,375 63,355 91,259
140,271 100,383
90,079 107,601
37,718

-42-

Georgia Department of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS
NAME OF BANK

BEGIN BUSINESS

TOTAL ** ASSETS

Savannah Savannah Savannah Savannah Senoia Smyrna Snellville Social Circle Soperton Sparta Sparta Springfield St Simons St. Marys Statesboro Statesboro Statesboro Statesboro Stockbridge Stockbridge Summerville Summerville Suwanee Swainsboro Swainsboro Sylvania Sylvester Sylvester Talbotton Tennille Thomaston Thomaston Thomasville Thomasville Thomasville Thomasville Thomson Thomson Tifton Tifton Toccoa Toccoa Trenton Tucker Tucker Twin City Union Point Uvalda

Chatham Chatham Chatham Chatham Coweta Cobb Gwinnett Walton Treutlen Hancock Hancock Effingham Glynn Camden Bulloch Bulloch Bulloch Bulloch Henry Henry Chattooga Chattooga Gwinnett Emanuel Emanuel Screven Worth Worth Talbot Washington Upson Upson Thomas Thomas Thomas Thomas McDuffie McDuffie Tift Tift Stephens Stephens Dade DeKalb DeKalb Emanuel Greene Montgomery

The Carver State Bank * AmeriBank, N.A. * The Savannah Bank, National Association * SunTrust Bank, Savannah, National Association
Farmers and Merchants Community Bank * Smyrna Bank & Trust Co.
The Eastside Bank & Trust Company Georgia Central Bank The Bank of Soperton United Security Bank Bank of Hancock County * First National Bank of Effingham Frederica Bank & Trust * First National Bank Sea Island Bank Eagle Bank and Trust First Bulloch Bank & Trust Company Farmers & Merchants Bank The First State Bank * Eagle National Bank Farmers & Merchants Bank * First National Bank of Chattooga County * Quantum National Bank The Citizens Bank of Swainsboro Spivey State Bank Farmers and Merchants Bank Sylvester Banking Company Bank of Worth The Peoples Bank of Talbotton * The First National Bank & Trust Company Bank of Upson West Central Georgia Bank Commercial Bank Bank of Thomas County First Merchants Bank * Thomasville National Bank Allied Bank of Georgia McDuffie Bank & Trust First Community Bank of Tifton Cifizens Security Bank The Bank of Toccoa Liberty Bank & Trust Bank of Dade * Mountain National Bank Community Bank of Georgia Durden Banking Company, Incorporated The Farmers Bank Altamaha Bank and Trust Company

06-04-1947 04-30-1985 08-22-1990
1889 1889 12-23-1985 01-22-1990 03-08-1924 1903 06-01-1967 09-05-1904 12-07-1989 12-12-1988 07-10-1989 1901 02-20-1991 04-14-1934 02-17-1948 10-08-1964 12-02-1997 02-06-1926 05-22-1968 12-27-1995 1900 03-01-1965 03-01-1946 1898 06-22-1981 1891 01-01-1902 10-01-1951 04-15-1974 07-22-1916 11-20-1911 01-20-1967 10-02-1995 1891 01-09-1989 02-24-1937 04-15-1948 09-01-1911 07-23-1984 01-12-1956 08-02-1988 08-05-1991 07-05-1935 09-06-1911 05-16-1966

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97

18,570 126,186 163,659 597,190
33,831 151,531
74,565 51,149 39,382 12,025 60,834 62,978 66,165 57,030 164,788 66,324 243,098 58,805 333,206
8,376 159,461
31,723 37,238 49,199 80,226 72,396 47,211 44,918 15,184 148,780 126,031 56,107 265,900 35,054 26,992 64,659 535,505 40,561 129,470 139,123 116,882 21,581 54,478 136,208 79,326 51,699 54,582 73,238

-43-

Georgia Departmer.t of Banking and Finance

CITY

COUNTY

STATE AND NATIONAL BANKS NAME OF BANK

BEGIN

TOTAL

BUSINESS ** ASSETS

Valdosta Valdosta Valdosta Vidalia Vidalia Vienna Vienna Villa Rica Wadley Warner Robins Warrenton Washington Watkinsville Watkinsville Waycross Waynesboro West Point Willacoochee Winder Woodbury Woodland Woodstock Wrens Wrightsville Zebulon

Lowndes Lowndes Lowndes Toombs Toombs Dooly Dooly Carroll Jefferson Houston Warren Wilkes Oconee Oconee Ware Burke Troup Atkinson Barrow Meriwether Talbot Cherokee Jefferson Johnson Pike

Valdosta Bank and Trust First State Bank and Trust Company of Valdosta The Park Avenue Bank Darby Bank and Trust Co. First Community Bank of Vidalia Citizens Bank Bank of Dooly Home Town Bank of Villa Rica Bank of Wadley CB&T Bank of Middle Georgia Citizens Bank Farmers and Merchants Bank Oconee State Bank Bank of Georgia Waycross Bank & Trust * First National Bank * First National Bank of West Point The Peoples Bank The Peoples Bank The Woodbury Banking Company Talbot State Bank * First National Bank of Cherokee First State Bank Bank of Wrightsville United Bank

08-06-1990 03-01-1906 06-28-1971 07-01-1934 10-14-1965 07-01-1931 07-30-1976 10-22-1997 01-01-1902 01-04-1985 04-01-1902 03-14-1950 02-01-1960 08-12-1985 06-01-1988 01-01-1905 01-13-1906 01-15-1952 10-30-1926 09-29-1902 11-25-1907 11-27-1989 07-06-1964
1897 01-31-1905

71,961 170,119 190,188 100,706
56,468 128,202
45,834 11,844 24,055 192,043 37,384 152,689 117,453 51,715 71,902 76,668 143,575 29,672 148,433 18,937 31,207 87,975 58,754 50,400 359,575

* Member of the Federal Reserve System

** Amounts are in Thousands as of 12/31/97
-44-

Georgia Department of Banking and Finance

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 FEDERAL DEPOSIT INSURANCE CORPORATION Estimated Value of Remaining Assets

$12,763,841.50 $ 198,832.87

* The Federal Deposit Insurance Corporation officially terminated the liquidation of the above bank on March 1, 1998. At the time of termination, the balance of unpaid claims shown above was written off by the Federal Deposit Insurance Corporation.
- 45-

Georgia Department of Banking and Finance

NAME & LOCATION
OF PARENT BANK

BRANCH BANKS
BRANCH BANK COUNTIES

Montgomery County Bank Ailey, Montgomery County
First National Bank of South Georgia Albany, Dougherty County
First State Bank & Trust Company Albany, Dougherty County
Security Bank and Trust Company of Albany Albany, Dougherty County
The First National Bank of Alma Alma, Bacon County
First Colony Bank Alpharetta, Fulton County
Citizens Bank of Americus Americus, Sumter County
Ashburn Bank Ashburn, Turner County
Community National Bank Ashburn, Turner County
Athens First Bank & Trust Company Athens, Clarke County
First American Bank and Trust Company Athens, Clarke County
The Georgia National Bank Athens, Clarke County
SunTrust Bank, Northeast Georgia, N.A. Athens, Clarke County
Citizens Trust Bank Atlanta, Fulton County
Embry National Bank Atlanta, DeKalb County
First Capital Bank Atlanta, Fulton County
First Security National Bank Atlanta, Fulton County
Premier Bank Atlanta, Fulton County
Summit National Bank Atlanta, DeKalb County
SunTrust Bank, Atlanta Atlanta, Fulton County
The Blackshear Bank Blackshear, Pierce County

Toombs* Lee* Clay, Decatur, Lee, Randolph Miller, Lee* Appling* Forsyth* Webster Lee* Crisp* Franklin, Hart, Jackson, Oconee, Walton Oconee* Barrow* Fannin, Forsyth, Gwinnett, Hall, Morgan, White DeKalb Fulton, Gwinnett Gwinnett Gwinnett DeKalb, Gwinnett*, Cobb* Cobb, Gwinnett* Cayman Islands, Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette*, Gwinnett, Henry, Rockdale Ware*

* Denotes de novo branch bank approved ** Thirty mile move of main office

-46-

Georgia Department of Banking and Finance

NAME & LOCATION OF PARENT BANK

BRANCH BANKS BRANCH BANK COUNTIES

Peoples Bank Blackshear, Pierce County
United Community Bank Blairsville, Union County
Peoples Bank of Fannin Co Blue Ridge, Fannin County
The Coastal Bank of Georgia Brunswick, Glynn County
SunTrust Bank, Southeast Georgia, N.A. Brunswick, Glynn County
Citizens State Bank Butler, Taylor County
First National Bank of Northwest Georgia Calhoun, Gordon County
Cairo Banking Company Cairo, Grady County
Etowah Bank Canton, Cherokee County
First Bank and Trust Carnesville, Franklin County
Citizens Bank and Trust of West Georgia Carrollton, Carroll County
Community First Bank Carrollton, Carroll County
Cohutta Banking Company Chatsworth, Murray County
First National Bank of Chatsworth Chatsworth, Murray County
Habersham Bank Clarkesville, Habersham County
State Bank of Cochran Cochran, Bleckley County
Peoples Community Bank Colquitt, Miller County
Columbus Bank and Trust Company Columbus, Muscogee County
SunTrust Bank, West Georgia, N.A. Columbus, Muscogee County
The First National Bank of Commerce Commerce, Jackson County
Community Bank & Trust - Habersham Cornelia, Habersham County

Ware Lumpkin*, Habersham* Gilmer* Camden Appling, Ware, Wayne Crawford Bartow Thomas Cobb, Douglas*, Fulton, Paulding Hart* Haralson Coweta, Douglas, Fayette*, Haralson, Heard, Henry, Paulding Walker Whitfield* White* Johnson* Dougherty*, Sumter* Chattahoochee, Macon, Marion, Meriwether Troup Oglethorpe, Gwinnett* Hall*, White*

* Denotes de novo branch bank approved ** Thirty mile move of main office

-47-

Georgia Department of Banking and Finance

NAME & LOCATION OF PARENT BANK

BRANCH BANKS BRANCH BANK COUNTIES

First Newton Bank Covington, Newton County
Main Street Bank Covington, Newton County
Southeastern Bank Darien, Mcintosh County
Commercial State Bank Donalsonville, Seminole County
First Bank of Georgia East Point, Fulton County
Bank of Eastman Eastman, Dodge County
Pinnacle Bank, N.A. Elberton, Elbert County
SunTrust Bank, Augusta, N.A. Evans, Columbia County
Regions Bank Gainesville, Hall County
First Citizens Bank Glennville, Tattnall County
First National Bank of Griffin Griffin, Spalding County
Citizens Community Bank Hahira, Lowndes County
SunMark Community Bank Hawkinsville, Pulaski County
The Coastal Bank Hinesville, Liberty County
The Heritage Bank Hinesville, Liberty County
Empire Banking Company Homerville, Clinch County
Mcintosh State Bank Jackson, Butts County
Crescent Bank & Trust Jasper, Pickens County
Northeast Georgia Bank Lavonia, Franklin County
SunTrust Bank, South Georgia, NA Leesburg, Lee County

Rockdale*, Henry* Gwinnett* Brantley, Camden, Charlton, Coffee, Jeff Davis Early* Henry* Jones* Hart* McDuffie, Richmond** Banks, Barrow, Bartow, Carroll, Cherokee, DeKalb, Douglas, Elbert, Floyd, Forsyth, Fulton, Gilmer, Gwinnett, Habersham, Heard, Jackson, Murray, Paulding, Pickens, Polk, Rabun, Rockdale, Stephens, Towns* White, Whitfield Liberty* Henry* Brooks Houston* Chatham, Long Wayne*, Long* Ware* Jasper* Bartow* Elbert* Coffee, Dougherty**, Lowndes*, Mitchell, Terrell, Thomas, Tift, Worth

* Denotes de novo branch bank approved ** Thirty mile move of main office

-48-

Georgia Department of Banking and Finance

NAME & LOCATION OF PARENT BANK

BRANCH BANKS
BRANCH BANK COUNTIES

Farmers State Bank Lincolnton, Lincoln County
The Peoples Bank Lithonia, DeKalb County
Georgia State Bank Mableton, Cobb County
First South Bank, NA Macon, Bibb County
SunTrust Bank, Middle Georgia, NA Macon, Bibb County
Charter Bank & Trust Co. Marietta, Cobb County
Central and Southern Bank of Georgia Milledgeville, Baldwin County
Exchange Bank Milledgeville, Baldwin County
Southwest Georgia Bank Moultrie, Colquitt County
Bank of Coweta Newnan, Coweta County
Fidelity National Bank Norcross, Gwinnett County
The First State Bank of Ocilla Ocilla, Irwin County
Peachtree National Bank Peachtree City, Fayette County
Independent Bank & Trust Company Powder Springs, Cobb County
First Community Bank of Georgia Roberta, Crawford County
SunTrust Bank, Northwest Georgia, N.A. Rome, Floyd County
Bank of Burke County Sardis, Burke County
AmeriBank, National Association Savannah, Chatham County
First National Bank S1. Marys, Camden County
The First National Bank & Trust Company Tennille, Washington County
Allied Bank of Georgia Thomson, McDuffie County

Wilkes' Rockdale' Paulding' Coweta', Johnson, Jones, Macon, Peach' Houston Fulton' Coffee, Telfair Jones' Baker Meriwether DeKalb, Fulton, Cobb Ben Hill' Clayton Paulding', Fulton' Bibb' Carroll, Polk Richmond' Effingham Charlton Bulloch', Burke, Jefferson, Screven' Burke, Columbia, Jefferson, Richmond, Wilkes

* Denotes de novo branch bank approved ** Thirty mile move of main office

-49-

Georgia Department of Banking and Finance

NAME & LOCATION OF PARENT BANK

BRANCH BANKS BRANCH BANK COUNTIES

Citizens Security Bank Tifton, Tift County
Community Bank of Georgia Tucker, DeKalb County
Mountain National Bank Tucker, DeKalb County
Altamaha Bank and Trust Company Uvalda, Montgomery County
Darby Bank and Trust Company Vidalia, Toombs County
Citizens Bank Vienna, Dooly County
Citizens Bank Warrenton, Warren County
Farmers and Merchants Bank Washington, Wilkes County
Waycross Bank & Trust Waycross, Ware County
Talbot State Bank Woodland, Talbot County
First National Bank of Cherokee Woodstock, Cherokee County
United Bank Zebulon, Pike County

Coffee' Gwinnett' Gwinnett Jeff Davis' Chatham' Macon', Crisp' McDuffie' Lincoln', Taliaferro Lowndes' Fayette' Cobb
Spalding', Upson'

OUT OF STATE BANKS WITH GEORGIA BRANCHES

AmSouth Bank Birmingham, Jefferson County, AL
SouthTrust Bank, NA Birmingham, Jefferson County, AL
First Union National Bank Charlotte, Mecklenburg County, NC
NationsBank, N.A. Charlotte, Mecklenburg County, NC

Catoosa, Chattooga, Floyd, Gordon, Walker
Ben Hill, Bartow, Carroll, Catoosa, Cherokee', Clayton, Cobb, Coffee, Columbia, DeKalb, Douglas, Fayette, Forsyth', Fulton, GWinnett, Hall', Haralson, Henry, Jackson, Laurens, Lowndes, Meriwether, Murray, Muscogee, Richmond, Telfair, Walker, Washington
Bibb, Burke, Chatham, Chattahoochee, Cherokee, Clayton, Cobb, Columbia, Coweta, DeKalb, Douglas, Fayette, Floyd, Fulton, Gwinnett, Harris, Henry, Liberty, Lowndes, Muscogee, Richmond, Rockdale, Spalding, Whitfield
Barrow, Bartow, Ben Hill, Bibb, Butts, Coffee, Carroll, Chatham, Cherokee', Clarke, Clayton, Cobb, Colquitt, Columbia', Coweta, DeKalb, Dougherty, Douglas, Effingham, Fayette, Forsyth, Fulton, Gwinnett, Hall, Hart, Henry, Houston, Laurens, Lowndes, Monroe, Newton', Oconee, Richmond, Rockdale, Spalding, Thomas, Tift, Troup, Upson, Ware, Whitfield

* Denotes de novo branch bank approved ** Thirty mile move of main office

-50-

Georgia Department of Banking and Finance

NAME & LOCATION OF PARENT BANK

BRANCH BANKS BRANCH BANK COUNTIES

OUT OF STATE BANKS WITH GEORGIA BRANCHES (Continued)

Barnett Bank, N.A. Jacksonville, Duval County, FL

Camden, Glynn, Grady', Lowndes', Thomas', Wayne

Colonial Bank Montgomery, Montgomery County, AL

Cobb, DeKalb, Fulton, Gwinnett, Muscogee, Whitfield

Wachovia Bank, N.A. Winston-Salem, Forsyth County, NC

Bartow, Bibb, Bulloch, Chatham, Cherokee, Clayton, Clarke, Cobb, Columbia', DeKalb, Fayette, Forsyth, Fulton, Gordon, Gwinnett, Hall, Henry, Houston, Lumpkin, Newton', Richmond, Rockdale', Sumter, Walton, Whitfield

-51-

Georgia Department of Banking and Finance

INTERNATIONAL BANK AGENCIES

NAME AND ADDRESS
ABN AMRO Bank N. V. Suite 1200 One Ravinia Drive Atlanta, Georgia 30346-2103

AGENT, TELEPHONE FOREIGN LOCATION DATE PERMIT ISSUED

Amsterdam, The Netherlands

W. Patrick Fischer Senior Vice President 770-396-0066 June 24, 1977

The Bank of Nova Scotia Suite 2700 600 Peachtree Street, NE Atlanta, GA 30308

Toronto, Ontario, Canada

Meredith Smith Vice President 404-877-1500 May 27,1977

The Bank of Tokyo-Mitsubishi, Ltd Georgia-Pacific Center, Suite 4970 133 Peachtree Street, NE Atlanta, GA 30309-1808

Tokyo,Japan

Akio Fuji General Manager 404-577-2960 April 1, 1996

Canadian Imperial Bank of Commerce
Suite 1200 2727 Paces Ferry Road Atlanta, Georgia 30339-3151

Toronto, Ontario, Canada

William J. Maron Managing Director 770-319-4999 April 05, 1978

Commerzbank Aktiengesellschaft Promenade Two Suite 3500 1230 Peachtree Street, NE Atlanta, Georgia 30309-3200

Frankfurt, West Germany

Andreas Bremer Sr. Vice President 404-888-6500 October 31, 1978

Credit Lyonnais Suite 4400 303 Peachtree Street, NE Atlanta, Georgia 30308

Paris, France

David M. Cawrse Vice President 404-524-3700 November 06, 1980

The Dai-Ichi Kangyo Bank, Limited Suite 2400 285 Peachtree Center Ave., NE Atlanta, Georgia 30303-1229

Tokyo,Japan

Takao Mochizuki General Manager 404-581-0200 December 01, 1987

DG BankDeutsche Genossenschaftsbank
Suite 2900, One Peachtree Center 303 Peachtree Street, NE Atlanta, Georgia 30308

Frankfurt, Germany

John W. Somers Senior Vice President 404-524-3966 May 31,1989

GEORGIA ASSETS 13,405
4,614,766
819,811
*
877,340

~
~
~
CD
~
~
~
~
~o
0 ~
~
I

451,163 761,587

>~
CD
~
CJ
~o
CD
@

* Agencies with no assets shown operate as Representative Offices only
- 52 -

Georgia Assets are as of 12/31/97 Amounts are in Thousands

Georgia Department of Banking and Finance

INTERNATIONAL BANK AGENCIES

NAME AND ADDRESS
The Fuji Bank, Limited Marquis One Tower, Suite 2100 245 Peachtree Center Ave., NE Atlanta, Georgia 30303-1208

AGENT, TELEPHONE FOREIGN LOCATION DATE PERMIT ISSUED

Tokyo, Japan

Terumasa Yamasaki Exeuctive Vice President 404-653-2100 December 09, 1987

GEORGIA ASSETS
1,043,765

The Industrial Bank of Japan, Limited One Ninety One Peachtree Tower 191 Peachtree Street, NE Ste 3600 Atlanta, Georgia 30303-1757

Tokyo, Japan

Kazuo lida General Manager 404-524-8770 September 25, 1990

1,065,042

Kredietbank, N.V.

Brussels, Belgium

Michael Sawichi

*

Two Midtown Plaza, Ste 1750

Vice President

1349 West Peachtree Street

404-876-2556

Atlanta, Georgia 30309

March 20, 1980

National Bank of Canada

Montreal, Quebec,

Vernon B. Woods

*

Suite 800

Canada

Vice President

200 Galleria Parkway, NW

770-980-0588

Atlanta, Georgia 30339-5945

April 10, 1985

The Sakura Bank, Limited Marquis One Tower Suite 2703 245 Peachtree Center Ave., NE Atlanta, Georgia 30303-1222

Tokyo, Japan

Masayuki Kobayashi General Manager 404-521-3111 October 05, 1990

716,838

The Sanwa Bank, Limited

Tokyo, Japan

Atsushi Mikami

*

Georgia Pacific Center, Ste 4750

Assistant Vice President

133 Peachtree Street, NE

404-586-6880

Atlanta, Georgia 30303-1821

November 14, 1984

The Sumitomo Bank, Limited

Osaka, Japan

Gary Franke

*

Suite 3210

Assistant Vice President

133 Peachtree Street

404-526-8500

Atlanta, Georgia 30303-3403

March 04, 1987

The Tokai Bank, Limited

Nagoya, Japan

Nobuo Minamikawa

*

285 Peachtree Center Ave., NE

General Manager

Marquis Two Tower

404-880-4634

Suite 2802

October 10, 1989

Atlanta, Georgia 30303-1229

TOTAL ASSETS

10,363,717

* Agencies with no assets shown operate as Representative Offices only
- 53-

Georgia Assets are as of 12/31/97 Amounts are in Thousands

Georgia Department of Banking and Finance

INTERNATIONAL BANK FACILITIES

NAME AND ADDRESS

AGENT, TELEPHONE, DATE PERMIT ISSUED

AmTrade International Bank of Georgia The Candler Building Suite 1500 127 Peachtree Street Atlanta, Georgia 30303
SunTrust Bank, Atlanta International Division 1 Park Place, NE Atlanta, Georgia 30302

Heberto Espinosa PresidenVCEO 404-330-7270 March 19, 1993
Gary Nidiffer Vice President 404-588-7142 February 2, 1982

- 54-

Georgia Department of Banking and Finance INTERNATIONAL REPRESENTATIVE OFFICES

Parent
Creditanstalt-Bankverein Austria
The Industrial Bank of Japan, Limited Japan
The Long-Term Credit Bank of Japan, Ltd
Japan
Cooperative Centrale RaiffeisenBoerenleenbank B.A. The Netherlands
Societe Generale France
The Sumitomo Bank, Limited Japan

Corporation Doing Business in Georgia
Creditanstalt Atlanta Atlanta
The Industrial Bank of Japan Trust Co Atlanta
The Long-Term Credit Bank of Japan, ltd.
Atlanta
Rabobank Nederland Atlanta
Societe Generale Atlanta
The Sumitomo Bank, Limited Atlanta

- 55 -

Georgia Department of Banking and Finance

OUT OF STATE REPRESENTATIVE OFFICES

Registrant The Bank of New York Company, Inc. New York, NY BankAmerica Corporation San Francisco, CA Bankers Trust New York Corporation San Francisco
Beneficial Corporation Peapack, NJ
Capital Guardian Trust Company Los Angeles, CA Cardinal Bankshares Lexington, KY Central Carolina Bank & Trust Co. Durham, NC The Chase Manhattan Corporation New York, NY
Citicorp North America, Inc. New York, NY
Collateral Mortgage, Ltd. Birmingham, AL Compass Bank Birmingham, AL

Corporation Doing Business in Georgia
BNY Business Center, Inc. Atlanta
BA Securities, Inc. Atlanta
Alex. Brown Insurance Agency, Inc. Atlanta BT Alex. Brown, Incorporated Atlanta
Beneficial Mortgage Co. of Georgia Albany, Alpharetta, Athens, Augusta, College Park, Columbus, Conyers, Decatur, Kennesaw, Macon, Morrow, Norcross, Riverdale, Rome, Roswell, Savannah, Smyrna, Stone Mountain, Tucker, Valdosta
Capital Guardian Trust Company Atlanta
VST Financial Services Atlanta
Central Carolina Bank & Trust Co. Alpharetta
Chase Financial Corporation of Georgia Atlanta, Augusta, Lilburn, Macon, Rome, Savannah
Citicorp North America, Inc. Atlanta Citicorp Diners Club Inc. Atlanta Citicorp Mortgage, Inc. Atlanta Citicorp Bankers Leasing Corporation Atlanta Citicorp Securities, Inc. Atlanta Citicorp Services, Inc. Atlanta Citicorp Leasing, Inc. Atlanta
Collateral Mortgage, Ltd. Atlanta
Compass National Corporation Atlanta

- 56-

Georgia Department of Banking and Finance

OUT OF STATE REPRESENTATIVE OFFICES

Registrant Exeter Trust Company Portsmouth, NH Financial Federal Savings Bank Memphis, TN The First National Bank of Boston Boston, MA
Fleet National Bank of Connecticut Hartford, CT Gulf Coast Bank & Trust Company New Orleans, LA J.C. Bradford Trust Company Nashville, TN
J.C. Penny Company, Inc. Dallas, TX LTCB Trust Company New York, NY LaSalle National Bank Chicago,IL MBNA America Bank N.A. Wilmington, DE Mellon Bank Corporation Pittsburgh, PA
Merrill Lynch & Company New York, NY
Merrill Lynch Group, Inc. New York, NY

Corporation Doing Business in Georgia
Manning & Napier Advisors, Inc. Atlanta
Financial Federal Savings Bank Atlanta
The First National Bank of Boston Atlanta BancBoston Financial Company Atlanta
Fleet Capital Corporation Atlanta
Gulf Coast Bank & Trust Company Atlanta, Morrow
J.C. Bradford & Co. Athens, Atlanta, Columbus, Dalton, Macon, Moultrie, Savannah
J.C. Penny Company, Inc. - South Region Atlanta
LTCB Trust Company Atlanta
LaSalle National Bank Atlanta
MBNA Marketing Systems, Inc. Atlanta
AFCO Credit Corporation Atlanta Dreyfus Service Corporation Atlanta Mellon Financial Services Corporation #1 Atlanta, Marietta Mellon Leasing Corporation Suwanee
Merrill Lynch Credit Corporation Atlanta Merrill Lynch, Pierce, Fenner & Smith, Inc. Albany, Athens, Atlanta, Augusta, Brunswick, Columbus, Cumming, Gainesville, Macon, Marietta, Peachtree City, Savannah, Statesboro, Valdosta
Merrill Lynch Trust Company of North Carolina Atlanta

- 57-

Georgia Department of Banking and Finance

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
National Bank of Commerce Memphis, TN
Pioneer Bancshares, Inc. Chattanooga, TN
The Provident Bank Cincinnati, OH
Republic Bank St. Petersburg, FL
Silicon Valley Bank Santa Clara, CA
Smith Barney Private Trust Company of Florida West Palm Beach, FL
Standard Federal Bank Troy, MI
State Street Bank and Trust Company Boston, MA
SunTrust Bank, Chattanooga, N.A. Chattanooga, TN
Surety Bank, N.A. Hurst, TX
Vine Street Trust Company Lexington, KY
Westminster Development Bank Providence, RI
Zions First National Bank Salt Lake City, UT

Corporation Doing Business in Georgia
National Bank of Commerce Atlanta
Pioneer Bank Dalton
The Provident Bank Dunwoody
Capital Mortgage Atlanta
Silicon Valley East Atlanta
Smith Barney Private Trust Company of Florida Albany, Athens, Atlanta, Augusta, Columbus, LaGrange, Macon, Savannah, Valdosta
InterFirst Marietta
State Street Bank and Trust Company Atlanta
SunTrust of Chattanooga Mortgage Corporation Dalton, Fort Oglethorpe
Surety Premium Finance Norcross
Vine Street Financial Dunwoody
Westminster Development Bank Atlanta
Zions Small Business Finance Atlanta

- 58 -

Georgia Department of Banking and Finance

IN-STATE REPRESENTATIVE OFFICES

Registrant
ABC Bancorp Moultrie
Cohutta Banking Company Chatsworth
Columbus Bank & Trust Company Columbus
Crescent Bank and Trust Company Jasper
First Bankshares, Inc. East Point
First Colony Bank Alpharetta
The First National Bank of Barnesville Barnesville
First State Bank & Trust Co. Albany
Independent Bancshares, Inc. Powder Springs
Lanier Bank &Trust Company Cumming
Peoples Community Bancshares, Inc. Colquitt
Premier Bank Atlanta
Security National Bank Macon
The Tattnall Bank Reidsville
United Community Banks, Inc. Blairsville
Waycross Bank & Trust Waycross

Doing Business in Georgia
Citizens Bank Douglas
Cohutta Banking Company Dalton
Columbus Bank & Trust Company SBA Lending Stone Mountain
Crescent Mortgage Atlanta Crescent Bank and Trust Company Cartersville
First Bankshares Mortgage and Investment, Inc.
Atlanta
Action Finance, Inc. Griffin
First National Bank Loan Services Division Zebulon
Southeastern Mortgage Kingsland
Independent Bank & Trust Company Alpharetta
Lanier Bank & Trust Company Woodstock
Peoples Community Bank Americus
Premier Lending Corporation Snellville
Security National Bank Warner Robins
The Tattnall Bank Savannah
United Community Bank Dahlonega
WB & T Loan Services Valdosta

- 59 -

Georgia Department of Banking and Finance
REGISTERED OUT-OF-STATE HOLDING COMPANIES WITH BANKING OFFICES IN GEORGIA

Registered Holding Company
AmSouth Bancorporation Birmingham, AL
AT&T Universal Bancorp, Inc. Jacksonville, FL
Colonial BancGroup, Inc. Montgomery, AL
First Citizens BancShares, Inc. Raleigh, NC
First Union Corporation Charlotte, NC
GE Capital Corporation* Stamford, CT
NationsBank Corporation** Charlotte, NC

Corporation Doing Business in Georgia AmSouth Bank
Universal Bank, National Association*
Colonial Bank
Atlantic States Bank
First Union National Bank First Union Direct Bank, National Association Monogram Credit Card Bank of Georgia*
NationsBank, National Association Barnett Bank, National Association

SouthTrust Corporation** Birmingham, AL

SouthTrust Bank, National Association SouthTrust Asset Management Company of
Georgia, N.A.

Wachovia Corporation Winston-Salem, NC

Wachovia Bank, National Association

* Corporations doing business in Georgia are credit card banks, therefore their holding companies are not included in Supervised Holding Companies shown elsewhere in this report.
**Also included in Supervised Holding Companies since they still own a Georgia chartered financial institution.
- 60 -

Georgia Department of Banking and Finance
Assets,Share Deposits and Loans

4,000,000 3,000,000 2,000,000 1,000,000

99 in 1994

99 in 1993

94 in 1995

86 in 1997

D Assets

Shares & Deposits Total Loans

Income and Operating Expenses
300,000 250,000 200,000 150,000 100,000
50,000

1993
D

Gross Income

1995

1997



Operating Expenses

- 61 -

Georgia Department of Banking and Finance

ABSTRACT OF REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS AS OF DECEMBER 31,1997,
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31,1996
(AMOUNTS IN THOUSANDS)

ASSETS
Cash

12-31-97
54,807

12-31-96
46,498

U.S. Government Obligations Federal Agency Securities Corporate Credit Unions All Other Investments Total Investments (Book Value)

461,391 768,108 458,358 332,695 2,020,552

509,806 782,815 310,726 279,519 1,882,866

Total Loans Less Allowance for Loan Losses
Net Loans

1,863,889 17,623
1,846,266

1,658,796 19,378
1,639,418

Land & Buildings Other Fixed Assets Other Real Estate Owned Other Assets

10,271 9,696 314
32,371

11,975 9,891 217
88,021

Total Assets Corporate Credit Union TOTAL

3,974,278 741,840
4,716,118

3,678,886 479,064
4,157,950

LIABILITIES Share Drafts All Other Shares and Deposits
Total Shares and Deposits

378,063 3,079,730 3,457,793

338,367 2,875,516 3,213,883

Total Borrowings Other Notes Accrued Interest Payable on Deposits and
Accrued Dividends Payable on Shares Accounts Payable and Other Liabilities Total Liabilities

110 0
2,730 14,378 17,218

44 0
2,918 13,569 16,531

EQUITY Unrealized Gain(Loss)on Available for Sale Securities Regular Reserves Investment Valuation Reserve Other Reserves Undivided Earnings
Total Equity

856 121,235
0 5,263 371,913 499,267

(1,178) 111,058
0 5,059 333.533 448,472

Total Liabilities, Shares and Equity Corporate Credit Union TOTAL

3,974,278 741.840
4,716,118

3,678,886 479,064
4,157,950

Number of Credit Unions at Year-end

86

88*

* Excludes one credit union in liquidation status.

- 62 -

Georgia Department of Banking and Finance

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSE OF STATE-CHARTERED CREDIT UNIONS IN GEORGIA
FOR CALENDAR YEARS ENDING DECEMBER 31, 1997 AND DECEMBER 31, 1996 (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

12-31-97 158,946
113,127 0
24,952
297,025

12-31-96 146,753
105,808 0
22,653
275,214

OPERATING EXPENSES Employee Compensation and Benefits Office Expense Educational and Promotional Expenses Loan Servicing Expense Professional and Outside Services Provision for Loan Losses Miscellaneous Operating Expenses Total Operating Expenses
Income (Loss) from Operations
Gain (Loss) on Investments Gain (Loss) on Disposition of Assets Other Non-Operating Income (Expenses)
Income (Loss) Before Costs of Funds
Interest on Borrowed Money Dividends on Shares Interest on Deposits

44,789 26,083
2,172 3,557 4,471 5,087 6,349 92,508
204,517
12 320
0 204,849
6 123,992
32,091

38,838 23,315
1,952 3,220 4,058 5,607 5.428 82,418
192,796
(73) 2
(224) 192,501
899 114,187
29,839

Net Income (Loss) after Cost of Funds Net Reserve Transfer
Net Income (Loss) After Net Reserve Transfers Additional Transfers to Reserve Accounts

48,760 6,913
41,847 2,761

47,576 5,555
42,021 1,925

Adjusted Net Income (Loss)

39,086

40,096

NOTE: Figures above exclude the Corporate Credit Union's Adjusted Net Income of $1,119.

-63-

Georgia Department of Banking and Finance

CITY
ALBANY ALPHARETTA 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 AUGUSTA AUGUSTA AUGUSTA BAINBRIDGE BALDWIN COLUMBUS COLUMBUS COOSA CORDELE CORNELIA CORNELIA DECATUR DOUGLAS DRYBRANCH DULUTH EASTPOINT

STATE-CHARTERED CREDIT UNIONS

COUNTY

NAME OF CREDIT UNION

Dougherty Fulton Clarke Clarke Clarke DeKalb Fulton Fulton Fulton Fulton Cobb Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton DeKalb Fulton Fulton Fulton Fulton DeKalb Fulton Fulton Fulton Fulton Richmond Richmond Richmond Decatur Banks Muscogee Muscogee Floyd Crisp Habersham Habersham DeKalb Coffee Twiggs Gwinnett Fulton

Albany Federal Employees Credit Union H M B Employees Credit Union Dairy-Pak Athens Credit Union Educators' Credit Union Georgia Power Northeast Credit Union Associated & Federal Employees Credit Union Atlanta City Employees Credit Union Atlanta Cooperative Credit Association Atlanta Postal Credit Union Atlantic Steel Credit Union Chevron Southern Credit Union Cleaners Credit Union CONSTAR Credit Union Delta Employees Credit Union Georgia Department of Public Safety Credit Union Georgia DOT Credit Union Georgia Guard Credit Union The Georgia State Dept. of Education Credit Union Georgia Telco Credit Union GPC Credit Association GTA Credit Union Hospital Authority Credit Union Human Services Employees' Credit Union IBEW Local 613 Credit Union Mead Employees Credit Union Mutual Savings Credit Union Pinnacle Credit Union Rich's Employees Credit Union State Employees' Credit Union The Thrift Health Center Credit Union King Mill Savings & Credit Association Richmond Co. Health Dept. Employees Credit Union Three Rivers Credit Union Fieldale Credit Union Swift Credit Union Tom's Credit Association Rome Kraft Employees Credit Union Harris Employees Credit Union Ethicon Credit Union Statco Credit Union Decatur Postal Employees Credit Union Coffee General Hospital Employees Credit Union Dry Branch Credit Union Georgia Central Credit Union East Point Municipal Employees Credit Union

**Amounts are in Thousands as of December 31, 1997
- 64-

TOTAL ** ASSETS
11,719 10,565
413 533 8,690 457,275 20,659 445 886,761 13,294 2,600 4,242 1,156 1,189,902 5,072 22,408 375 7,012 607,975 21,803 6,726 14,442 13,997 2,747 5,874 35,388 48,575 26,404 75,118 15,520 19,743 7,858 429 4,444 6,311 2,117 7,113 10,343 908 5,489 1,956 8,347 896 2,349 741,841 1,111

Georgia Department of Banking and Finance

CITY
EAST POINT ELLENWOOD FT. MCPHERSON GLYNCO GORDON HAPEVILLE HAZLEHURST JONESBORO LAFAYETTE MACON MACON MACON MACON MACON MACON MACON MARIETTA MARIETTA MCINTYRE MILLEDGEVILLE MILLEDGEVILLE MONTEZUMA NASHVILLE NORCROSS ROME ROME SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH ST. SIMONS ISLAND STATESBORO THOMASVILLE THOMASVILLE TOCCOA TOCCOA VALDOSTA VALDOSTA WARNER ROBINS

STATE-CHARTERED CREDIT UNIONS

COUNTY

NAME OF CREDIT UNION

Fulton Clayton Fulton Glynn Wilkinson Fulton Jeff Davis Clayton Walker Bibb Bibb Bibb Bibb Bibb Bibb Bibb Cobb Cobb Wilkinson Baldwin Baldwin Macon Berrien Gwinnett Floyd Floyd Chatham Chatham Chatham Chatham Chatham Glynn Bulloch Thomas Thomas Stephens Stephens Lowndes Lowndes Houston

Fulton Teachers Credit Union American Heritage Credit Union Ft. McPherson Credit Union Glynn County Federal Employees Credit Union White Gold Credit Union Hapeville Auto Employees Credit Union Jeff Davis Credit Union Tara Credit Union Roper Corporation Employees Credit Union Central Georgia Regional Credit Union City Employees' Credit Union Macon Firemen's Credit Union Macon Police Credit Union Macon Water Works Credit Union RIG Employees Credit Union Smith and Sons Employees Credit Union C-MAR Credit Union Promina Northwest Credit Union Engelhard Employees' Credit Union Central State Hospital Credit Union 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 The G. P. A. Credit Union Health Employees Chatham County Credit Union Savannah Federal Credit Union Savannah Postal Credit Union Workmen's Circle Credit Union Sea Island Employees Credit Union CORE 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

TOTAL ** ASSETS
26,175 15,116 13,591 10,819
1,800 12,427
6,687 26,420
972 10,779
2,955 1,609
727 398 6,390 547 28,703 12,342 694 8,526 1,867 399 6,614 4,523 1,310 37,762 5,415 3,338 7,680 10,812 8,077 13,969 15,635 1,789 16,365 10,989 6,055 27,958 4,596 4,350

**Amounts are in Thousands as of December 31, 1997
- 65 -

Georgia Department of Banking and Finance

1997 MORTGAGE DIVISION SUMMARY OF ACTIVITIES

At the end of 1996, there were 1,688 Iicensees/registrants. During 1997, 704 new applications were received plus 41 applications for reinstatement of withdrawn, revoked, or expired licenses for a total of 745 applications. In 1997, 704 applications were approved, 12 were denied, and 10 applications were withdrawn. A total of 255 licenses either expired, were withdrawn or were revoked during the year. Two licenses remained in Suspended status at the end of the year. As of December 31, 1997, there were 2,135 active licenses.
During 1997 the Division received 24,712 industry-related calls, which included 6,729 consumer inquiries. A total of 466 oral consumer complaints and 383 written complaints were received by the Division during 1997. As a result of the increasing number of consumer inquiries and complaints received, the Division of Legal and Consumer Affairs was established and charged with the responsibility of handling legal inquiries and consumer complaints.

GEOGRAPHIC DISTRIBUTION OF LICENSEES/REGISTRANTS

TYPE BROKER LENDER REGISTRANTS

NORTH GEORGIA
979
173 29

SOUTH GEORGIA
244 39 3

OUTSIDE GEORGIA
163 430
75

TOTAL 1,386
642 107

PERCENT OF TOTAL
65% 30%
5%

TOTAL

1,181

286

668

2,135

100%

The Division levied fines on 90 licensees/registrants for failure to submit the written 1996 Annual Report by the due date of April 1, 1997. Mortgage Division examiners conducted 306 examinations and 15 visitations of licensees.
In 1997, there were 65 Cease and Desist Orders issued to both licensed and unlicensed persons or companies. Also, 48 Subpoenas were issued for production of testimony or records. One public hearing was held at the Office of Administrative hearings.
A complete list of mortgage licensees and registrants is available from the Department for a fee, or from our web site: http://www.ganet.org/services/dbf.

-66-

Georgia Department of Banking and Finance
SALE OF CHECKS OR MONEY ORDER CORPORATIONS

NAME OF LICENSEE
American Express Travel Related Services Company, Inc.
Certified Express Citicorp & Citicorp Service, Inc. Comdata Network, Inc. Eagle Express Money Orders Fidelity Express Money Order Company Financial Express Money Order (FFP) Francheque S.A. Global Express Money Orders, Inc. Integrated Payment Systems, Inc. Interpayment Services Limited Mid-America Money Order Company National Bonded Money Order North American Money Order Company, Inc. Ruesch International, Inc. Societe Francaise du Cheque de Voyage 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.

U.S. LOCATION
New York, NY
Smyrna, GA Chicago,IL Brentwood, TN Savannah, GA Sulphur Springs, TX Fort Worth, TX Princeton, NJ Silver Spring, MD Englewood, CO New York, NY Louisville, KY Alexandria, LA Atlanta, GA New York, NY New York, NY Princeton, NJ Atlanta, GA Minneapolis, MN Princeton, NJ Minneapolis, MN New York, NY Stone Mountain, GA Paramus, NJ

NO. OF GEORGIA
AGENTS
418
56 329 352 49
71 71
2 356 1,510 135 22
90 627
1 11 2 55 17 2 1,551 15 126 728

NOTE: All State and National Banks, Federal Savings and Loan Associations, Federal Savings Banks, and 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 Regulator.

- 67 -

Georgia Department of Banking and Finance

APPLICATIONS FOR NEW FINANCIAL INSTITUTIONS

FINANCIAL INSTITUTION InfiBank 3490 Piedmont Road Suite 910 Atlanta, GA 30305 Fulton County

CAPITALIZATION $ 5,000,000

APPROVAL DATE
07/23/1997

Georgia Guard Credit Union 1731 Commerce Drive Suite 110 Atlanta, GA 30318 Fulton County

$

0

05/05/1997

Peoples Bank of West Georgia 516 Bankhead Highway Carrollton, GA 30117 Carroll County

$ 6,000,000

10/11/1996

The Citizens Bank of Forsyth County 501 Tri-County Plaza Cumming, GA 30130 Forsyth County

$ 6,500,000

06/05/1996

Chestatee State Bank N.W. Corner of Elliot Rd. & Hwy 53 Dawsonville, GA 30534 Dawson County

$ 6,000,000

09/22/1997

Decatur First Bank 1120 Commerce Drive Decatur, GA 30030 DeKalb County

$ 8,000,000

11/22/1996

The Peachtree Bank West Side of Medlock Bridge Road approx 900 ft North of intersection of Old Alabama Road Duluth, GA 30309 Fulton County

$ 7,000,000

07/03/1997

First Georgia Community Bank 150 Covington Street Jackson, GA 30233 Butts County

$ 6,500,000

10/11/1996

Gwinnett Banking Company 165 Nash Street Lawrenceville, GA 30246 Gwinnett County

$ 9,000,000

02/28/1997

Rivoli Bank & Trust 5980 Zebulon Road Macon, GA 31210 Bibb County

$ 7,392,200

09/17/1996

BEGIN BUSINESS
DATE 11/17/1997 03/03/1997 02/03/1997
09/02/1997
09/08/1997 10/31/1997 06/12/1997

-68-

Georgia Department of Banking and Finance

APPLICATIONS FOR NEW FINANCIAL INSTITUTIONS

FINANCIAL INSTITUTION Southern Heritage Bank 3461 Atlanta Highway Oakwood, GA 30566 Hall County

CAPITALIZATION
$ 8,000,000

APPROVAL DATE
10/31/1997

Gateway Bank & Trust 5102 Alabama Highway Ringgold, GA 30736 Catoosa County

$ 6,000,000

12/11/1995

First Community Bank of Georgia 285 N. Mathews Street Roberta, GA 310078 Crawford County

$ 5,000,000

10/06/1997

Citizens Bank of Effingham 802 South Laurel Street Springfield, GA 31329 Effingham County

$ 5,000,000

10/17/1997

American Century Financial Services NE Corner Ga Hwy. 42 & Eagles Landing Stockbridge, GA 30281 Henry County

$ 7,000,000

OS/21/1997

Home Town Bank of Villa Rica 435 West Bankhead Highway Villa Rica, GA 30180 Carroll County

$ 7,203,740

03/24/1997

First Piedmont Bank 65 E. May Street Winder, GA 30680 Barrow County

$ 5,500,000

10/29/1997

BEGIN BUSINESS
DATE 04/21/1997
10/22/1997

APPLICA TION FOR NEW SALE OF CHECK

FINANCIAL INSTITUTION FFP Money Order Company, Inc. FortWorthTX 76117-4391

APPROVAL DATE
02/07/1997

EFFECTIVE DATE
02/26/1997

MoneyGram Payment Systems, Inc. Lakewood CO 80235

07/11/1997

FINANCIAL INSTITUTION CONVERSIONS

PREVIOUS NAME First Federal Savings Bank
of Bainbridge Bainbridge Decatur County

CONVERTED TO First Community Bank of Southwest Georgia Bainbridge

APPROVAL DATE
03/12/1997

-69-

EFFECTIVE DATE
05/08/1997

Georgia Department of Banking and Finance

FINANCIAL INSTITUTION CONVERSIONS

Carrollton Federal Bank, FSB Carrollton Carroll County

Community First Bank Carrollton

12/11/1997

First Federal Savings Bank of Southwest Georgia
Donalsonville Seminole County

First State Bank of Donalsonville Donalsonville

OS/29/1997

FINANCIAL INSTITUTION MERGERS

FINANCIAL INSTITUTION (SURVIVOR)

MERGED INSTITUTION

APPROVAL DATE

BANK MERGERS

Citizens Trust Bank Atlanta

First Southern Bank Lithonia

Pending

Premier Bank Atlanta

Citizens Bank of Gwinnett Duluth

12/08/1997

Premier Bank Atlanta

The Central & Southern Bank of North Georgia, FSB
Greensboro

Pending

Regions Bank Birmingham, AL

Regions Bank of Georgia Columbus

08/08/1997

SouthTrust Bank, NA Birmingham, AL

Barnett Bank of Southwest Georgia 09/18/1997 Columbus

Pinnacle Bank, National Association Elberton

Pinnacle Bank Royston

10/15/1997

AmSouth Bank of Walker County Jasper

AmSouth Bank of Georgia Rome

06/18/1997

Colonial Bank Lawrenceville

DaltonlWhitfield Bank &Trust Dalton

02/12/1997

Colonial Bank Montgomery, AL

Colonial Bank Lawrenceville

06/13/1997

Farmers & Merchants Bank Monticello, FL

First Merchants Bank Thomasville

12/29/1997

Allied Bank of Georgia Thomson

Bank of Stapleton Stapleton

01/17/1997

Citizens Security Bank Tifton

Bank of Ocilla, Georgia Ocilla

08/29/1997

Tucker Federal Bank Tucker

Southern Crescent Bank Union City

03/05/1997

12/29/1997 07/17/1997
EFFECTIVE DATE
08/08/1997 09/19/1997
06/25/1997 03/05/1997 06/16/1997
01/17/1997 08/29/1997 03/26/1997

-70-

Georgia Department of Banking and Finance

FINANCIAL INSTITUTION MERGERS

FINANCIAL INSTITUTION (SURVIVOR)

MERGED INSTITUTION

APPROVAL DATE

BANK MERGERS United Bank of Pike Zebulon

United Bank Barnesville

12/24/1996

United Bank of Pike Zebulon

United Bank of Griffin Griffin

12/24/1996

CREDIT UNION MERGERS Atlanta Postal Credit Union Atlanta

Atlanta Canco Federal Credit Union
Atlanta

09/19/1997

The Federal Employees Credit Union Atlanta

Associated Credit Union Atlanta

06/30/1997

The Wright Credit Union Toccoa

Orbit Savings & Credit Association
Helen

03/20/1997

Atlantic Coast Federal Credit Union Waycross

Savannah J-Mers Credit Union Garden City

01/10/1997

EFFECTIVE DATE
01/21/1997 01/21/1997
12/02/1997 03/31/1997 01/31/1997

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

BRANCH BANKS Montgomery County Bank Ailey

Vidalia East Side Branch 1705 East First Street Vidalia 30474 Toombs County

06/14/1996

06/23/1997

Security Bank and Trust Company of Albany
Albany

Lee County Branch 269 Cedric Street Leesburg 31763 Lee County

06/26/1996

05/15/1997

Premier Bank Atlanta (formerly First Alliance Bank)

Dunwoody Branch 2390 Mt. Vernon Road Suite 100 Dunwoody 30338 DeKalb County

Rescinded 06/30/1997

Premier Bank Atlanta

Five Oaks Branch 875 Oak Road Suites 101-102 Lawrenceville 30044 Gwinnett County

05/13/1997

08/01/1997

-71-

Georgia Department of Banking and Finance

APPLICA TlONS TO ESTABLISH A BRANCH BANK, BANK OFFICE. OR FACILITY. AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Premier Bank Atlanta

BANK OFFICE, BRANCH OR FACILITY Lenox Branch 950 East Paces Ferry Road Atlanta 30326 Fulton County

APPROVAL DATE
07/08/1997

BEGIN BUSINESS
DATE 07/28/1997

Bank of Early Blakely
Peoples Bank of Fannin County Blue Ridge

Dawson Branch 917 Forrester Drive Dawson 31742 Terrell County
Gilmer County Branch Nine South Side Square Ellijay 30540 Gilmer County

Pending 10/20/1997

First Bank and Trust Carnesville
State Bank of Cochran Cochran

Hartwell Branch 86 West Franklin Street Hartwell 30643 Hart County
Johnson County Branch 201 W. Elm Street Wrightsville 31096-0150 Johnson County

06/24/1996

05/12/1997

11/07/1997

Peoples Community Bank Colquitt
Peoples Community Bank Colquitt
Habersham Bank Clarkesville
First Newton Bank Covington
Commercial State Bank Donalsonville

Dougherty County Branch 701 Westover Road Albany 31701 Dougherty County
Sumter County Branch 102 North Prince Street Americus 31709 Sumter County
Cleveland Branch 575 South Main Street Cleveland 30528 White County
Henry County Branch 1767 Rock Quarry Road Stockbridge 30281 Henry County
Early County Branch 412 Columbia Street Blakely 31723 Early County

10/23/1996

01/13/1997

12/24/1997

05/13/1996

05/15/1997

04/02/1997

10/13/1997

03/10/1997

03/21/1997

-72-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE. OR FACILITY. AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION First Bank of Georgia East Point
Bank of Eastman Eastman

BANK OFFICE, BRANCH OR FACILITY Henry County Branch Eagles Landing Parkway next to Publix Stockbridge 30281 Henry County
Jones County Branch SE Corner U.S. Hwy 29 and SR 18 Gray 31032 Jones County

APPROVAL DATE
01/15/1997
06/04/1997

BEGIN BUSINESS
DATE
12/19/1997

Regions Bank Gainesville

Towns County Branch 218 Main Street South Hiawassee 30546 Towns County

10/20/1997

12/22/1997

SunMark Community Bank Hawkinsville (formerly The Pulaski Banking
Company)
The Heritage Bank Hinesville
The Heritage Bank Hinesville

Houston Lake Road Branch 250 South Houston Lake Road Warner Robins 31088 Houston County
The Jesup Branch 292 South Macon Street Jesup 31545 Wayne County
Ludowici Branch 31 McDonald Street Ludowici 31316 Long County

06/07/1996

03/10/1997

03/21/1997

OS/22/1997

07/25/1997

11/21/1997

Crescent Bank and Trust Company Jasper
Northeast Georgia Bank Lavonia

Bartow County Branch Two Dixie Avenue Cartersville 30120 Bartow County
Elberton Branch 916 Elbert Street Extension Elberton 30635 Elbert County

12/09/1997

12/03/1996

07/07/1997

Farmers State Bank Lincolnton
The Peoples Bank Lithonia

Washington Branch 209 East Court Street Washington 30673 Wilkes County
Conyers Branch 1793 GA Highway 138 South Conyers 30208 Rockdale County

04/21/1997

06/23/1997

07/05/1996

08/11/1997

-73-

Georgia Department of Banking and Finance

APPLICA TlONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Georgia State Bank Mableton

BANK OFFICE, BRANCH OR FACILITY Paulding Banking Center Branch 2175 Atlanta Highway Hiram 30141 Paulding County

APPROVAL DATE
05/14/1996

BEGIN BUSINESS
DATE 02/12/1997

Charter Bank and Trust Co. Marietta

Riverside Branch 4401 Northside Parkway Atlanta 30339 Fulton County

12/01/1997

Exchange Bank Milledgeville

Jones County Branch Southwest corner of U.S. Hwy 129 and Lite N Tie Road Clinton 31032 Jones County

08/25/1997

The Central & Southern Bank of Georgia
Milledgeville
The First State Bank of Ocilla Ocilla

Greensboro Branch 201 South Main Street Greensboro 30642 Greene County
Coffee County Branch Schley Street & Peterson Avenue Douglas 31533 Coffee County

Pending
Withdrawn 03/28/1997

The Patterson Bank Patterson

Wayne County Branch 927 S. First Street Jesup 31545 Wayne County

Pending

Independent Bank & Trust Company
Powder Springs

Alpharetta Executive Branch 288 South Main Street Suite 500 Alpharetta 30004 Fulton County

07/14/1997

09/02/1997

First Community Bank of Georgia Roberta
The Citizens Bank of Tifton Tifton
Altamaha Bank and Trust Company Uvalda

Lizella Branch 8430 Columbus Road Lizella 31052 Bibb County
Douglas Branch 100 South Pearl Avenue Douglas 31533-3836 Coffee County
Hazlehurst Branch 401 North Tallahassee St Hazlehurst 31539 Jeff Davis County

10/06/1997

06/02/1997

07/18/1997

10/11/1996

07/28/1997

-74-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Citizens Bank Vienna
Citizens Bank Vienna
Citizens Bank Warrenton
Farmers and Merchants Bank Washington

BANK OFFICE, BRANCH OR FACILITY Crisp County Branch 602 16th Avenue East, Suite G Cordele 31015 Crisp County
Montezuma Branch 102 West Railroad Street Montezuma 31063 Macon County
Thomson Branch 235 Main Street Thomson 30824 McDuffie County
Lincolnton Branch 325 Washington Road Lincolnton 30817 Lincoln County

APPROVAL DATE
12/08/1997

BEGIN BUSINESS
DATE

03/24/1997

06/06/1997

04/21/1997

09/15/1997

08/28/1996

04/21/1997

Waycross Bank & Trust Waycross

Valdosta Branch 1906 North Ashley Street Valdosta 31602 Lowndes County

05/05/1997

11/17/1997

Talbot State Bank Woodland
United Bank Zebulon

Fayette County Branch 3000 GA Highway 138 Riverdale 30214 Fayette County
Thomaston Branch 215 North Center Street Thomaston 30286-2909 Upson County

05/19/1997

OS/21/1997

07/17/1997

BANK OFFICES Ashburn Bank Ashburn

Leesburg Office 137 Robert B. Lee Drive Leesburg 31763 Lee County

09/08/1997

Premier Bank Atlanta
Premier Bank Atlanta

Acworth Office 4900 Ross Road Acworth 30101 Cobb County
Marietta Square Office 31 Atlanta St Marietta 30060 Cobb County

05/13/1997

08/01/1997

02/27/1997

-75-

Georgia Department of Banking and Finance

APPLICA nONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Premier Bank Atlanta
Premier Bank Atlanta

BANK OFFICE, BRANCH OR FACILITY Smyrna Office 756 Concord Road Smyrna 30080 Cobb County
Dunwoody Office 2390 Mount Vernon Road Suite 100 Dunwoody 30338 DeKalb County

APPROVAL DATE
06/05/1997

BEGIN BUSINESS
DATE 06/23/1997

08/01/1997

08/01/1997

Premier Bank Atlanta

Cobb County Branch 63 Barrett Parkway, NE Marietta 30066 Cobb County

07/22/1997

07/28/1997

SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

Abbotts Village Office 11585 Jones Bridge Road Alpharetta 30202 Fulton County
Vinings Crossing Office 2451 Cumberland Parkway Atlanta 30339 Cobb County

01/24/1997

10/16/1997

01/24/1997

10/09/1997

SunTrust Bank, Atlanta Atlanta

Ansley Mall Office 1544 Piedmont Road Atlanta 30324 Fulton County

01/24/1997

OS/22/1997

SunTrust Bank, Atlanta Atlanta

Powers Ferry Village Office 6300 Powers Ferry Road Atlanta 30339 Fulton County

01/24/1997

11/20/1997

SunTrust Bank, Atlanta Atlanta

The Peach Office 2900 Peachtree Road, N.E. Atlanta 30305 Fulton County

01/24/1997

09/16/1997

SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

Rockdale Square Office 1910 Georgia Highway 20, S. Conyers 30208 Rockdale County
Hamilton Mill Office 2173 Hamilton Mill Parkway Dacula 30019 Gwinnett County

01/24/1997

06/02/1997

01/24/1997

OS/20/1997

-76-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

BANK OFFICE, BRANCH OR FACILITY Cosby Station Office 3316 Highway 5 Douglasville 30135 Douglas County
Duluth Station Office 2698 Buford Highway Duluth 30324 Gwinnett County
Fayette Pavillion Office 108 Pavillion Parkway Fayetteville 30214 Fayette County

APPROVAL DATE
01/24/1997

BEGIN BUSINESS
DATE 03/27/1997

01/24/1997

02/06/1997

01/24/1997

03/06/1997

SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

Jonesboro Corners Office 7899 Tara Boulevard Jonesboro 30236 Clayton County
Wade Green Village Office 4430 Wade Green Road Kennesaw 30144 Cobb County

01/24/1997

03/13/1997

01/24/1997

11/20/1997

SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

Town Center Prado Office 50 Barrett Parkway Marietta 30066 Cobb County
Mount Zion Office 2035 Mount Zion Road Morrow 30260 Clayton County

01/24/1997

10/30/1997

01/24/1997

03/20/1997

SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

Jimmy Carter West Office 5950 Jimmy Carter Boulevard Norcross 30093 Gwinnett County
Norcross Tucker Office 6131 S. Norcross-Tucker Road Norcross 30093 Gwin'nett County
Peachtree City Office 103 City Circle Peachtree City 30269 Fayette County

12/23/1996

06/09/1997

01/24/1997

OS/29/1997

11/21/1996

07/07/1997

-77-

Georgia Department of Banking and Finance

APPLICA TlONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION SunTrust Bank, Atlanta Atlanta

BANK OFFICE, BRANCH OR FACILITY Riverdale Crossing Office 7535 Highway 85 Riverdale 30296 Clayton County

APPROVAL DATE
01/24/1997

BEGIN BUSINESS
DATE 03/06/1997

SunTrust Bank, Atlanta Atlanta

McGinnis Crossing Office 1000 Peachtree Industrial Boulevard Suwanee 30024 Gwinnett County

08/22/1997

09/18/1997

SunTrust Bank, Atlanta Atlanta
SunTrust Bank, Atlanta Atlanta

Rose Creek Office 4403 Towne Lake Parkway Towne Lake 30189 Cherokee County
Hugh Howell Office 4422 Hugh Howell Road Tucker 30084 DeKalb County

01/24/1997

05/13/1997

01/24/1997

OS/27/1997

United Community Bank Blairsville

Clarkesville Office 476 Historic Highway 441 Clarkesville 30523 Habersham County

Pending

United Community Bank Blairsville

Morrison-Moore Parkway Office 206 Morrison-Moore Parkway West Dahlonega 30533 Lumpkin County

12/30/1996

09/22/1997

Broxton State Bank Broxton

Douglas Office 625 West Ward Street Douglas 31533 Coffee Cou nty

OS/23/1997

Farmers State Bank Cadwell
Bank of Canton Canton
Etowah Bank Canton

Hillcrest Office 901 Hillcrest Parkway Dublin 31061 Laurens County
Riverstone Office 1413 Riverstone Parkway Canton 30114-0649 Cherokee County
Cobb Industrial Office 1090 Industrial Park Drive Marietta 30067 Cobb County

07/14/1997

08/18/1997

12/29/1997

01/07/1997

02/24/1997

-78-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE. OR FACILITY. AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Security State Bank Canton
Columbus Bank and Trust Company
Columbus
Community Bank & Trust- Jackson Commerce

BANK OFFICE, BRANCH OR FACILITY Waleska Office 7265 Reinhardt College Parkway Waleska 30183 Cherokee County
Commissary Office 8150 Marne Road BUilding 9230 Fort Benning 31905 Muscogee County
Jefferson Office 71 Memorial Drive Jefferson 30549 Jackson County

APPROVAL DATE
06/14/1995
03/10/1997
05/13/1997

BEGIN BUSINESS
DATE 06/17/1997
07/08/1997

Community Bank & Trust Habersham
Cornelia
Community Bank & Trust Habersham
Cornelia
Community Bank & Trust Habersham
Cornelia

Ingles Office 3320 Thompson Bridge Road Gainesville 30501 Hall County
North Main Street Office 1727 N. Main St Cleveland 30528-4317 White County
Main Banking Center Office 450 E.E. Butler Parkway Gainesville 30501 Hall County

04/24/1997

05/15/1997

10/22/1997

10/16/1997

Community Bank & Trust Habersham
Cornelia
Bank of Dahlonega Dahlonega
Lumpkin County Bank Dahlonega

Winn-Dixie Office 2500 Limestone Parkway Gainesville 30501 Hall County
Wal-Mart Office 270 Wal-Mart Way Dahlonega 30533 Lumpkin County
60 & 400 Office Highway 60 & Highway 400 Dahlonega 30533 Lumpkin County

05/09/1996

01/02/1997

12/10/1996

01/29/1997

02/26/1996

0211011997

Chestatee State Bank Dawsonville

Ingles Supermarket Office 76C Highway 400 South Dawsonville 30534 Dawson County

10/21/1997

-79-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE. OR FACILITY. AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Citizens & Merchants State Bank Douglasville
Bank of Dudley Dudley
Community Banking Company of Fitzgerald
Fitzgerald
Gainesville Bank & Trust Gainesville
Gainesville Bank & Trust Gainesville

BANK OFFICE, BRANCH OR FACILITY Stewart Parkway Office 5895 Stewart Parkway Douglasville 30135 Douglas County
Savannah Avenue Office 101 Savannah Avenue East Dublin 31027 Laurens County
South Main Street Facility 220 South Main Street Fitzgerald 31750 Ben Hill County
Dawsonville Highway Office 475 Dawsonville Highway Gainesville 30501-4206 Hall County
Thompson Bridge Road Office 1210 Thompson Bridge Road Gainesville 30501 Hall County

APPROVAL DATE
12/06/1996

BEGIN BUSINESS
DATE 09/16/1997

08/11/1997

11/26/1997

08/08/1997

08/11/1997

11/20/1996

04/18/1997

Regions Bank Gainesville

Cleveland Road Office 2518 North Cleveland Hwy Winn-Dixie Supermarket Dalton 30720 Whitfield County

08/05/1997

09/04/1997

Citizens Community Bank Hahira
Bank of Hiawassee Hiawassee
The Heritage Bank Hinesville
The Heritage Bank Hinesville

Baytree Office 1210 Baytree Rd Valdosta 31602 Lowndes County
Ingle's Supermarket Office 94 North Main Street Hiawassee 30546 Towns County
Cherry Street Office 440 West Cherry Street Jesup 31545 Wayne County
Northside Office 1100 North First Street Jesup 31545 Wayne County

10/14/1997

08/11/1997

09/13/1997

12/27/1997

Pending

-80-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE, OR FACILITY, AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION The Hinesville Bank Hinesville
Community Bank and Trust - Troup LaGrange

BANK OFFICE, BRANCH OR FACILITY South Main Street Office 404 South Main Street Hinesville 31313 Liberty County
Winn-Dixie Office 1750 New Vernon Rd Suite K LaGrange 30240 Troup County

APPROVAL DATE
11/20/1996

BEGIN BUSINESS
DATE 03/10/1997

09/22/1997

10/30/1997

First Macon Bank & Trust Company Macon
First Macon Bank & Trust Company Macon
Metter Banking Company Metter

Northwest Commons Office 5590 Thomaston Road Macon 31210 Bibb County
Riverside Office 3080 Riverside Dr Macon 31210 Bibb County
Metter Elementary School Facility 805 East Lillian Street Metter 30439 Candler County

07/10/1996 05/08/1997 07/25/1997

03/10/1997 10/08/1997

Metter Banking Company Metter

Metter Middle/Metter High School Facility
431 West Vertia Street Metter 30439 Candler County

07/25/1997

Pineland State Bank Metter
American Banking Company Moultrie

Lanier Street Facility 200 Lanier Street Metter 30439-1610 Candler County
Sunset Office 2513 South Main Street Moultrie 31768 Colquitt County

09/12/1997 07/16/1997

Bank of Newington Newington

Sylvania Office 107 West Ogeechee Street Sylvania 30467 Screven County

04/14/1997

Bank of Coweta Newnan

Lakeside Office 37 Lakeside Way Newnan 30264 Coweta County

04/30/1996

09/20/1997

-81-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE. OR FACILITY. AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION The First State Bank of Ocilla Ocilla

BANK OFFICE, BRANCH OR FACILITY Ocilla Highway Office 158 Ocilla Highway Fitzgerald 31750 Ben Hill County

APPROVAL DATE
02/14/1997

BEGIN BUSINESS
DATE 04/02/1997

South Georgia Banking Company Omega

Winn-Dixie Supermarket Office 412 N. Virginia Avenue Tifton 31794 Tift County

07/07/1997

07/28/1997

First Peoples Bank Pine Mountain
Independent Bank & Trust Company
Powder Springs
1st Floyd Bank Rome

Hamilton Office 121 South College Street Hamilton 31811 Harris County
Marietta Office 1001 Polk Street Marietta 30064 Cobb County
Shorter Avenue Office 2436 Shorter Avenue Rome 30165 Floyd County

03/14/1997

10/17/1997

09/04/1997

10/30/1997

Pending

Greater Rome Bank Rome

East Rome Office 800 East Second Avenue Rome 30161 Floyd County

11/24/1997

Darby Bank and Trust Co. Vidalia

Savannah DeSoto Office 300 Bull Street Savannah 31401 Chatham County

Pending

Citizens Bank Vienna

Oglethorpe Office 130 Sumter Street Oglethorpe 31068 Macon County

10/06/1997

12/19/1997

CB&T Bank of Middle Georgia Warner Robins

Winn Dixie Hwy 96 Office

10/10/1997

Corner Hwy 96 and Houston Lake Road

Warner Robins 31088

Houston County

The Peoples Bank Winder

Holly Hill Office 193 W. Athens Street Winder 30680 Barrow County

06/20/1997

-82-

Georgia Department of Banking and Finance

APPLICATIONS TO ESTABLISH A BRANCH BANK, BANK OFFICE. OR FACILITY. AND PERMITS TO BEGIN BUSINESS

FINANCIAL INSTITUTION Talbot State Bank Woodland

BANK OFFICE, BRANCH OR FACILITY Peachtree City Office 313 Dividend Drive Peachtree City 30269 Fayette County

APPROVAL DATE
OS/20/1997

BEGIN BUSINESS
DATE

CREDIT UNION OFFICES Associated & Federal Employees
Credit Union Atlanta

Atlanta Federal Center Office 100 Alabama Street, Ste 8-B65 Atlanta 30303 Fulton County

04/01/1997

04/01/1997

Georgia Telco Credit Union Atlanta

Peachtree Corners Office 6135 Peachtree Parkway Suite 608 Norcross 30092 Gwinnett County

05/15/1997

06/30/1997

Human Services Employees' Credit Union
Atlanta

Briarcliff Road Office 1256 Briarcliff Road Atlanta DeKalb County

02/17/1997

OS/20/1997

Pinnacle Credit Union Atlanta

Cascade Road Office 3695 Cascade Road Suite T Atlanta 30331 Fulton County

11/20/1996

03/31/1997

APPLICATIONS TO CHANGE tOCA TION

FINANCIAL INSTITUTION: CHANGE LOCATION OF

First Colony Bank

Alpharetta

Forsyth County Branch

From: 871 Buford Highway

Cumming 30131

Forsyth County

To: 100 Colony Park Drive

Cumming 30040

Forsyth County

APPROVAL DATE
12/12/1997

EFFECTIVE DATE

Human Services Employees' Credit Union
Atlanta

Main Office From: 1256 Briarcliff Road
Atlanta 30306 DeKalb County To: 55 Marietta Street Atlanta 30303 Fulton County

02/17/1997

OS/20/1997

-83-

Georgia Department of Banking and Finance

APPLICA nONS TO CHANGE LOCATION

FINANCIAL INSTITUTION: CHANGE LOCATION OF

Premier Bank

Atlanta

South Cobb Drive Office

to Concord Road Office

From: 833 South Cobb Drive

Marietta 30060

Cobb County

To: 756 Concord Road

Smyrna 30080

Cobb County

APPROVAL DATE
Rescinded 05/08/1997

Premier Bank Atlanta

Main Office From: 63 Barrett Parkway, NE
Marietta 30066 Cobb County To: 950 East Paces Ferry Road Atlanta 30326 Fulton County

07/18/1997

Reliance Trust Company Atlanta

Sales and Marketing Office From: 950 East Paces Ferry Road, NE
Atlanta 30326 Fulton County To: 3384 Peachtree Rd Atlanta 30326 Fulton County

03/21/1997

The Bankers Bank Atlanta

03/03/1997 Main Office From: 3715 Northside Parkway, 300 Northcreek
Atlanta 30327 Fulton County To: 2410 Paces Ferry Road 600 Paces Summit Atlanta 30339 Cobb County

First Capital Bank Atlanta

Main Office From: 6400 Powers Ferry Rd, Suite 380
Atlanta 30339 Fulton County To: 3320 Holcomb Bridge Road, Suite A Norcross 30092 Gwinnett County

01/14/1997

The Thrift Credit Union Atlanta

Main Office From: 125 Spring Street, S.W.
Atlanta 30303 Fulton County

08/28/1997

EFFECTIVE DATE
07/28/1997 04/21/1997 10/14/1997
03/03/1997 09/15/1997

-84-

Georgia Department of Banking and Finance

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION: CHANGE LOCATION OF To: 236 Forsyth Street Atlanta 30303 Fulton County

APPROVAL DATE

Etowah Bank Canton

North Canton Office to Riverstone Plaza Office From: 170 Ball Ground Highway
Canton 30114 Cherokee County To: 1417 Riverstone Parkway Canton 30114 Cherokee County

08/11/1997

Columbus Bank and Trust Company
Columbus

Bradley Park Office From: 5736 Beallwood Connector
Columbus 31904 Muscogee County To: 1695 Whittlesey Road Columbus 31904 Muscogee County

08/02/1996

Community Bank & Trust Habersham
Cornelia

Clarkesville Office From: 717 Washington Street
Clarkesville 30523 Habersham County To: 102 S. Washington Street Clarkesville 30523 Habersham County

08/06/1997

Main Street Bank Covington

Ingles Office to Eastside Office From: 9176 Highway 278, NE
Covington 30014 Newton County To: 9130 Highway 278 NE Covington 30014 Newton County

10/27/1997

The Bank of Covington Covington

Winn-Dixie Supermarket Office to Turner Lake Office From: 6169 Highway 278
Covington 30209 Newton County To: 6243 Turner Lake Road Covington 30209 Newton County

Rescinded 09/24/1997

EFFECTIVE DATE
12/15/1997 11/14/1997

-85-

Georgia Department of Banking and Finance

APPLICATIONS TO CHANGE LOCATION

FINANCIAL INSTITUTION: CHANGE LOCATION OF

Southeastern Bank

Darien

Nicholls Branch to Atlantic Avenue Branch

From: 100 South Liberty Street

Nicholls 31554

Coffee County

To: 910 Atlantic Avenue

Nicholls 31554

Coffee County

APPROVAL DATE
10/14/1997

EFFECTIVE PATE

Farmers & Merchants Bank Dublin

Bellevue Office to Downtown Office From: 606 Bellevue Avenue
Dublin Laurens County To: 125 W. Jackson Street Dublin 31021-6117 Laurens County

Farmers & Merchants Bank Dublin

Main Office Main From: 125 W. Jackson Street
Dublin Laurens County To: 600 Bellevue Avenue Dublin 31021-5334 Laurens County

Citizens Bank of Gwinnett Duluth

Buford Office From: 4450 Nelson Brogdon Blvd.
Sugar Hill 30518 Gwinnett County To: 4394 Buford Drive Buford 30518 Gwinnett County

Regions Bank Gainesville

Browns Bridge Office to Shallowford Road Office From: 1301 Brown's Bridge Road
Gainesville 30501 Hall County To: 615 Shallowford Road Gainesville 30501 Hall County

10/26/1995

03/10/1997

10/26/1995

03/10/1997

09/09/1996

04/21/1997

01/21/1997

01/21/1997

-86-

Georgia Department of Banking and Finance

APPLICA TIONS TO CHANGE LOCA TION

FINANCIAL INSTITUTION: CHANGE LOCATION OF

The Coastal Ban k

Hinesville

Montgomery Crossroads Office

to Mall Boulevard Office

From: 707 Cranman Drive

Savannah 31406

Chatham County

To: 349 Mall Boulevard

Savannah 31406

Chatham County

APPROVAL DATE
08/11/1997

Colonial Bank Lawrenceville

Cobb-Town Center Office From: 440 Ernest Barrett Parkway
Kennesaw 30144 Cobb County To: 510 Roberts Court Kennesaw 30144 Cobb County

04/03/1997

EFFECTIVE DATE
11/03/1997
05/12/1997

PREVIOUS NAME
The Federal Employees Credit Union
Atlanta
Sunbelt Credit Union Atlanta
Broxton State Bank Broxton
First Federal Savings Bank Of Southwest Georgia
Donalsonville
Citizens Bank &Trust of Fayette County
Fayetteville
The Hinesville Bank Hinesville
Medical Center of Central Georgia Credit Union
Macon
First Alliance Bank Marietta

NOTICE OF CHANGE IN NAME

NEW NAME

APPROVAL DATE

Associated & Federal Employees Credit Union

10/31/1997

EFFECTIVE DATE
10/31/1997

Cleaners Credit Union

10/27/1997

10/31/1997

Colony Bank Southeast

11/13/1997

11/21/1997

First State Bank of Donalsonville

OS/29/1997

07/17/1997

First Citizens Bank of Fayette County
The Heritage Bank
Central Georgia Regional Credit Union
Premier Bank

01/31/1997

01/31/1997

02/21/1997 06/16/1997

02/25/1997 06/17/1997

04/10/1997

04/14/1997

-87-

Georgia Department of Banking and Finance

PREVIOUS NAME The First State Bank of Ocilla Ocilla
Bank of Quitman Quitman
Tara State Bank Riverdale
Tri-County Bank of Royston Royston
McDuffie Bank & Trust Thomson
The Citizens Bank of Tifton Tifton
United Bank of Pike Zebulon

NOTICE OF CHANGE IN NAME

NEW NAME First State Bank of South Georgia

APPROVAL DATE
Pending

EFFECTIVE DATE

Heritage Community Bank

09/15/1997

11/03/1997

First Citizens Bank of Clayton County
Pinnacle Bank

08/08/1997 04/03/1997

08/13/1997 04/03/1997

First Bank of East Georgia

Pending

Citizens Security Bank

07/10/1997

07/18/1997

United Bank

12/24/1996

01/21/1997

-88-

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