2000 annual report

STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE
2000 Annual Report

GEORGIA DEPARTMENT OF BANKING AND FINANCE
MISSION STATEMENT
The Department of Banking and Finance will promote the availability of safe, sound and competitive financial services. We will accomplish our mission through responsive, high quality regulation and supervision and through the protection of the interests of consumers of financial services. By providing dynamic and flexible leadership in regulatory matters, the Department will facilitate commerce and support the economic development of the State of Georgia and its communities.
VISION STATEMENT
In a rapidly evolving financial marketplace, the Department will provide a progressive, safe, and sound regulatory environment where financial service providers can efficiently and responsibly deliver a broad range of products and services responsive to the economic needs of the State, its communities and its citizens.
Cover photo taken by Supervisory Manager Larry Moor .

STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE
ANNUAL REPORT
FOR YEAR ENDING DECEMBER 31, 2000
ROY E. BARNES GOVERNOR
STEVEN D. BRIDGES COMMISSIONER
DAVID G. SORRELL SENIOR DEPUTY COMMISSIONER
Department of Banking established 1919 Reorganized as Department of Banking and Finance 1972

2000 Annual Report

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Georgia Department of Banking and Finance

TABLE OF CONTENTS

MESSAGE FROM COMMISSIONER BRIDGES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 STRUCTURE OF THE DEPARTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 ADVANTAGES OF A STATE BANK CHARTER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 OUR INTERNET SITE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 MAIN OFFICE STAFF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 DISTRICT PERSONNEL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 EXAMINATION DISTRICTS AND WORK AREAS (MAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 SUPERVISORY ACCREDITATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 STRATEGIC PLANNING INITIATIVES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 LEGISLATIVE HIGHLIGHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14 FISCAL REPORT (RECEIPTS AND DISBURSEMENTS) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15 SUMMARY OF ACTIVITIES OF STATE CHARTERED FINANCIAL INSTITUTIONS . . . . . . . . . . . . . . . . . . . . .16 2000 STRUCTURE ACTIVITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17
STATE-CHARTERED FINANCIAL INSTITUTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17 OTHER LICENSEES, REGISTRANTS, AND REGULATED ENTITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 COMPARATIVE REPORTS OF CONDITION OF STATE-CHARTERED BANKS . . . . . . . . . . . . . . . . . . . . . . . .22 STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED BANKS . . . . . . . . . . . . . . . . . . . . . . .23 LIST OF STATE BANKS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24 LIST OF NATIONAL BANKS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES . . . . . . . . . . . . . . . . . . . . . . . . . . . .32 COMPARATIVE REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS . . . . . . . . . . . . . . . . .46 STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED CREDIT UNIONS . . . . . . . . . . . . . . . .47 LIST OF STATE-CHARTERED CREDIT UNIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48 LIST OF FEDERAL CREDIT UNIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50 SALE OF CHECKS OR MONEY ORDER CORPORATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .53 MORTGAGE DIVISION - SUMMARY OF ACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .54 FOREIGN BANKING ORGANIZATIONS DOING BUSINESS IN GEORGIA . . . . . . . . . . . . . . . . . . . . . . . . . . .55 INTERNATIONAL BANK AGENCIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55 INTERNATIONAL BANK FACILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55 INTERNATIONAL REPRESENTATIVE OFFICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56 DOMESTIC REPRESENTATIVE OFFICES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .57

NOTE: Unless otherwise noted, all information and data throughout this Report is presented as of December 31, 2000.

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Georgia Department of Banking and Finance

2000 Annual Report

MESSAGE FROM THE COMMISSIONER

Georgia financial institutions enjoyed another good year in 2000, although the economy toward year-end 2000 had slowed from recent years. 2001 has begun with less consumer confidence and lower corporate earnings than recent years. Safety and soundness concerns remain minimal, but less favorable economic conditions in 2001 will require financial institution and regulator vigilance. Capital levels remain strong. Earnings were good in 2000, but will be tested in 2001 with the moderating

New bank chartering activity slowed during 2000 from recent years. Five new state bank charter applications were filed with the Department in 2000, of which four were approved. The other application received but not approved during 2000 has been approved in 2001. In addition, three charter applications received in late 1999 were approved in 2000. The orderly expansion by branching and by chartering continues to enhance the availability of convenient, competitive banking services for the citizens of Georgia.

economy and loan demands. Some loan quality deterioration continues, but non-performing assets remain at low levels. Funding and liquidity issues increased due to intense competition for scarce deposits and strong loan demand. Net interest margins continue to shrink.
Technology remains a driving force behind the geographic and product expansion experienced throughout the industry. Most financial institutions have plans to use the Internet to deliver financial services. However, many Internet-only financial institution models have not performed well across the country. The major consumer complaint is that while these Internet models may be high tech, they are not high touch. Consumers want both. Managing the risks involved with Internet product and service delivery is a major industry and regulatory concern.
Banks in 2000 were very deliberate in their usage of the expanded powers given by the passage of the Gramm-Leach-Bliley Financial Modernization Act. As of year-end 2000, thirteen Georgia bank holding companies had been certified as financial holding companies, with the potential to conduct banking, securities and insurance activities as principal.

No new credit union charters were received or approved by the Department in 2000. Credit unions continued to serve their members well. The full implementation of Prompt Corrective Action (PCA) for credit unions was completed in 2000, per federal law requirements. No Georgia statechartered credit union at the end of 2000 had a net worth that required any implementation under PCA.
The Department now regulates over 2,900 residential mortgage brokers, lenders, registrants, and notificants. Although the growth in the number of residential mortgage licensees slowed in 2000, significant Department resources were still required to regulate mortgage activity. The anecdotal evidence of instances of predatory mortgage lending in Georgia and across the nation continues to spawn congressional and local legislative efforts to prescribe controls to prevent such lending. The Department continues to enforce the current law to the utmost to address instances of abusive mortgage lending and mortgage fraud.
The Department's legislative housekeeping changes for 2000 addressed the following areas: (1) providing for flexibility and competitiveness in financial institution powers; (2) updating interstate

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2000 Annual Report

Georgia Department of Banking and Finance

MESSAGE FROM THE COMMISSIONER

statutes; (3) continuing efforts on paperwork reduction on applications; and (4) enhancing enforcement remedies on check cashers, check sellers, and mortgage lenders and brokers.
The Department's 2001 legislative housekeeping changes will be focused primarily in three areas: (1) updating financial institution powers; (2) clarifications of law; and (3) enhancing regulation in the mortgage industry.
The Department continues to implement strategic plan initiatives to better equip the organization to handle the rapidly evolving regulatory services environment. One of the Department's main strategic initiatives continues to be putting the right people in the right places doing, as efficiently as possible, the right things to achieve its mission and realize its vision. The Department's ability to maintain an experienced and well-trained staff is a critical factor in our ability to accomplish this initiative.
Our staff remains committed to providing professional, responsive, efficient regulation and supervision and to promoting a safe, sound, competitive and accessible financial services industry that is responsive to the financial services needs of Georgia citizens.

Steven D. Bridges, Commissioner

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Georgia Department of Banking and Finance
STRUCTURE OF THE DEPARTMENT

2000 Annual Report

The Georgia Department of Banking and Finance functionally is directly under the Governor's office. It is headed by Commissioner Steven D. Bridges, who is appointed by the Governor to serve a four year term. The Commissioner is assisted by a Senior Deputy Commissioner, David G. Sorrell.
The Department's operations ar e divided along functional lines: Supervision, Administration, Mortgage, Corporate, and Legal and Consumer Affairs. These divisions are headed by Deputy Commissioners.
Supervisory Division: The Supervisory Division is responsible for the supervision, regulation and examination of depository financial institutions and their affiliated companies that fall under the regulatory authority of the Department. Such institutions include banks, trust companies, bank holding companies, credit unions and international banking organizations. The Division is responsible for the supervision of the Department's six examination districts, which have district work areas located in various geographic regions of the state to facilitate the supervisory process. A Large Institutions Supervision District was recently established to handle large, complex, and wholesale financial institutions. The Supervisory Division is headed by Deputy Commissioner for Supervision George A. Reynolds.

Legal and Consumer Affairs Division: The Legal Division is responsible for providing legal and legislative drafting support for the Commissioner and staff. The Consumer Affairs section handles consumer complaints regarding financial institutions and mortgage licensees and registrants. The Division is headed by Deputy Commissioner for Legal and Consumer Affairs Leslie A. Bechtel.
Corporate Division: The Corporate Division's primary responsibilities are application/registration processing for all areas under the supervision of th e Department, with the exception of mortgage applications. The Division is also responsible for the licensing and supervision of check cashers and sale of check companies. Director of Corporate Affairs and Strategic Initiatives Carol Webb oversees the Division and has responsibility for the Department's strategic planning initiatives, risk management and quality assurance programs, website update/management, and special projects. The Division reports to Senior Deputy Commissioner David G. Sorrell.

Administrative Division: The Administrative Division is responsible for human resource management, budgeting, accounting services, information systems, training activities, property management and records management. The Division is headed by Deputy Commissioner for Administration David A. Hancock.

Mortgage Division: The Mortgage Division is responsible for the licensing, regulation and examination of mortgage lenders and brokers who are licensees and registrants under the law. The Mortgage Division is headed by Deputy Commissioner for Mortgage Robley S. Rigdon.

Seated from left to right: David A. Hancock, David G. Sorr ell, and Leslie A. Bechtel
Standing from left to right: George A. Reynolds and Robley S. Rigdon

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2000 Annual Report

Georgia Department of Banking and Finance

ADVANTAGES OF A STATE BANK CHARTER

We believe that the state bank charter offers several distinct benefits:
Local, Responsive, and Timely Decision Making
State-chartered banks have local access to decision makers in Georgia who are familiar with the unique competitive environment that Georgia banks face. Top decision makers can be easily reached for timely responses to questions and concerns from state-chartered banks. Unlike federally chartered institutions, state banks do not have to wait for decisions to be made in Washington, D.C.
Decision Makers More Knowledgeable of Local Communities and Local Market Conditions
The Department's management philosophy promotes decision making at the lowest possible level with quick access to senior management, when necessary, thereby ensuring responsive and timely action on all types of issues. In addition to the Administrative Staff in Atlanta, the Department has field offices throughout the state which are responsible for examination and supervision of banks in their designated districts. Examiners live in the area where they examine banks and are familiar with the local market and community. Therefore, the Department is able to perform its regulatory function in a firm, yet fair manner, responsive to the particular needs of an institution.
Competent Regulation and Supervision
The philosophy of the Department is that all financial institutions deserve firm, fair, and consistent regulation and supervision. The Department is nationally accredited through the Conference of State Bank Supervisors and the National Association of State Chartered Credit Union Supervisors. Regulatory activities are conducted in cooperation with federal and other state regulators through joint examinations and interstate agreements. Cooperation with federal regulators allows for examinations to be conducted on an alternative schedule; therefore, most banks are examined by federal regulators only once in two to three years.
More Cost Effective Regulation and Supervision
Annual regulatory assessment fees and many application fees are substantially less than comparable federal charters. In the last several years, the Department's annual regulatory assessments have been slightly more than one-half the cost of comparable federal assessments. Application fees, including the bank charter application, are typically lower than comparable fees assessed by the federal regulators.
Authorized Banking Powers Comparable to or Greater Than National Bank Powers
State-chartered banks have comparable powers to national banks in all areas of operation. Further, the Georgia Financial Institutions Code contains a parity provision allowing the Commissioner to issue regulations to authorize a state bank to conduct an activity allowed for a national bank unless such activity is expressly prohibited by state law. Therefore, should you discover a situation where you feel a state bank is disadvantaged versus a national bank, you could petition the Department to use the parity provision to authorize the activity for a state bank. Other Georgia banking law permits activities which are incidental or complimentary to banking activities simply by written request to the Commissioner. Additionally, state banks can conduct activities not authorized for national banks, provided such activities are authorized under state law and approved by the FDIC under Section 24 of the FDI Act.

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Georgia Department of Banking and Finance

OUR INTERNET SITE

2000 Annual Report

Our Internet website provides a useful source of information regarding financial institutions and other entities regulated by the Department. Our home page is found at the following Internet address: www.state.ga.us/dbf/ While the list is not all inclusive, below are some of the items you will find on our website and the specific address for each:

Topic:
Regulated Institutions: Provides access to lists of institutions regulated by, licensed by, or registered with the Department. You can obtain a full list of institutions by type or use the search feature to submit a customized query.
Sections of Georgia Law and the Department's Rules and Regulations: Links are provided to statutes pertaining to the financial institutions industry, as well as to the complete Official Code of Georgia Annotated and a searchable database of the Department's Rules and Regulations.
Publications: Monthly and Special Department Bulletins; Department's Annual Report; Monthly Mortgage Summary; and Quarterly Mortgage Newsletter.
Applications Manual, Statement of Policies, Applications, andOther Forms: These applications, forms and other downloadable documents are provided in Portable Document Format (PDF) and require a viewer such as Acrobat Reader to view or print. The Applications Manual and Statement of Policies can also be accessed from "Publications".
Links: to other regulatory agencies and industry groups.
Complaint Procedures: How consumers can file a complaint regarding a state-regulated depository financial institution or other entity regulated by the Department and links to other consumer resources.
FAQs: Provides access to facts regarding chartering a state bank in Georgia and frequently asked questions regarding licensing and registration of mortgage brokers and lenders.
Employment opportunities available with the Department.

Address: www.state.ga.us/dbf/regulated_institutions.html www.state.ga.us/dbf/laws_and_regulations.html
www.state.ga.us/dbf/publications.html www.state.ga.us/dbf/forms_applications.html
www.state.ga.us/dbf/related_links.html www.state.ga.us/dbf/complaint_procedures.html
www.state.ga.us/dbf/faqs.html www.state.ga.us/dbf/job_opportunities.html

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2000 Annual Report

MAIN OFFICE STAFF
(As of March 1, 2001)

Georgia Department of Banking and Finance

STEVEN D. BRIDGES, CEM, Commissioner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1627

DAVID G. SORRELL, CEM, Senior Deputy Commissioner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1628

Sonja Hencely, Secretary to Commissioner, Office Supervisor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1621 Susan Brown, Administrative Assistant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1620

ADMINISTRATIVE DIVIS ION
Human Resource Management, Accounting and Budget, Training, Information Services, Property Management and Records Management.
DAVID A. HANCOCK, CEM, Deputy Commissioner for Administration . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1640
Melinda G. Kinard, CEM, Director of Information Technology and Training . . . . . . . . . . . . . . . . . . . . . 770-986-1649 Ralph Shire, CEM, IS Database Integrator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1383 Denise Leaphart, LAN Engineer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1651
Vicki Brantley, Training Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 912-275-6869
Dawn Schlich, Accounting Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1641 Renate Carroll, Paraprofessional Accountant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1632 Charlene Haynie, Paraprofessional Accountant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5038
Kristy Nix, Personnel Officer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1638
Sheila Ball, Secretary II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1633 Bonnie Steele, Secretary II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1634
Kaushik Mehta, Support Services Clerk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1622

SUPERVISORY DIVIS ION
Bank, Holding Company, Credit Union and International Bank Supervision, and Investment Securities.
GEORGE A. REYNOLDS, CPA, CFE, CEM, Deputy Commissioner for Supervision . . . . . . . . . . . . . . . . . 770-986-1629
Grace Lurry, CFE, CEM, Director for Supervision. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1646 Merian Croston, Administrative Assistant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1658
Princess Brown, CFE, CEM, Supervisory Manager . . . . . .Banks-North. . . . . . . . . . . . . . . . . . . . . . . 770-986-1643 Janet Blackmon, CEM, Supervisory Manager . . . . . . . . . . . .Banks-South. . . . . . . . . . . . . . . . . . . . . . . 770-986-1636 Wayne Orr, CPA, CEM, Supervisory Manager. . . . . . . . . .Credit Unions, International Agencies. . . . 770-986-1637
Harold Carney, CEM, District Information SystemsSpecialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1624
Betty Thomas, Secretary III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1656 Shontay Bernay, Secretary III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1659

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Georgia Department of Banking and Finance

MAIN OFFICE STAFF
(As of March 1, 2001)

2000 Annual Report

MORTGAGE DIVIS ION

Licensing of Mortgage Brokers, Lenders, Registrants, Consumer Protection, and Mortgage Supervisory, Regulatory, and Examination Activities.

ROBLEY S. RIGDON, CEM, Deputy Commissioner for Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1371
Drexel Beck*, CEM, Director for Mortgage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5036
Larry Moor, CEM, Supervisory Manager - Licensing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1373 Larry Shelley, CEM, Supervisory Manager - Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1372
Janet Anderson, Assistant Financial Examiner-Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1268 Deborah Long, Administrative Assistant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-2810 Cathy Childs, Secretary III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5027 Irene Harper, Secretary III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5035 Brenda Harrell, Secretary III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1136
* Drexel Beck is currently Acting Deputy Commissioner for Mortgage while Robley Rigdon is on military leave.

LEGAL AND CONSUMER AFFAIRS DIVIS ION
Legal Advice and Research; Subpoenas Processed; Legislation and Regulation Drafting; Receiving and Processing of Consumer Inquiries and Complaints; and implementation of the Administrative Procedures Act.
LESLIE A. BECHTEL, Deputy Commissioner for Legal and Consumer Affairs . . . . . . . . . . . . . . . . . . . . . 770-986-1650
Tyra Buckley, Legal and Consumer Affairs Specialist. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1642 Jenny Neville, CEM, Legal and Consumer Affairs Specialist.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-2812 Nancy Chapman, Research Analyst . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1631 Laurie Culpepper, Secretary III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1007

CORPORATE DIVIS ION
Application Processing of all Bank, Credit Union, Bank and Thrift Holding Company Applications, Corporate Charter Amendments, International Bank Licensing, International Bank Facility Permits, Loan Production Offices, Sale of Check Licensing/Supervision, Check Cashers Licensing/Supervision. The Division also generates the Department's Annual Report, Department Monthly Bulletins, Statistical Reports. The Director of this Division has responsibility for Strategic Planning Activities, Risk Management, Quality Control and Assurance, and Website Monitoring/Update.
CAROL WEBB, CEM, Director of Corporate Affairs and Strategic Initiatives . . . . . . . . . . . . . . . . . . . . . . 770-986-1386
Murali Ramachandran, Corporate Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1645 Judy Carter, Administrative Assistant - Districts 4, 5, Large Institutions District . . . . . . . . . . . . . . . . . 770-986-1647 Tervenia Mitchiner, Administrative Assistant - Districts 1, 2, & 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1639 Susan Nelson, Administrative Assistant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1652

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2000 Annual Report

Georgia Department of Banking and Finance
DISTRICT PERSONNEL
(As of March 1, 2001)

Northwest District 1 - Woodstock
Address: 645 Molly Lane, Suite 140, Woodstock, Georgia 30189 Phone: (770) 928-1803 Fax: (770) 928-6209

ROBERT M. BRASWELL, CEM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Sandra Sheley, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Billy Wilson, Sr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Ernest Coats, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Ira Goolsby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Victor Greene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Kevin Hagler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Larry Moody . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Mark Pressler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Lori Godfrey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Daisy Mitchell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner William Parker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Melissa Sneed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Victoria Busby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant

Northeast District 2 - Stone Mountain
Address: 2156 West Park Court, Suite E, Stone Mountain, Georgia 30087 Phone: (404) 298-4940 Fax: (404) 298-4945

TRACY WHITESIDES, CPA, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Michael G. Killeen, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Hersha Herndon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Ned W. Overby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Tarrh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Dunagan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Thomas Filloramo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Janet Larson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Jason Ochs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Suzanne Deep . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Heather Sartain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner William Warnock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Jeannie Benefield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant

Central District 3 - College Park
Address: 510 Plaza Drive, Suite 1230, College Park, Georgia 30349 Phone: (404) 559-4937 Fax: (404) 559-6622

BARRY L. ROOKS, CFE, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Gregory D. Lowe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Dennis McNeer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner George Campbell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Sandra D. Hunter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Amy Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Ricky Wynn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Rhonda Brook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Kimberly Collins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Gloria Jack . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Randal McKoon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Deborah Ward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant

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Georgia Department of Banking and Finance
DISTRICT PERSONNEL
(As of March 1, 2001)

2000 Annual Report

Southeast District 4 - Dublin
Address: P.O. Box 965, Dublin, Georgia 31040 Phone: (478) 275-6740 Fax: (478) 275-6742

GARY F. FORD, CFE, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Michael Hooks, CPA, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Mark Smith . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Janet Bryan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Leslie Brannen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Robert Herndon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Alan Bray . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Spencer Mullis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner AshleeTorpy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Darla Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Emily Fennell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant

Savannah Office
Address: 6555 Abercorn Street, Suite 222, Savannah, Georgia 31405 Phone: (912) 356-2770 Fax: (912) 356-2769

David Widincamp, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner James Mills, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Billy Wilson, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Bryan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Patrick Brahana, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner David Douse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Examiner Tiffany Deal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner

Southwest District 5 - Douglas
Address: 211 E. Ashley Street, Suite 100, Douglas, Georgia 31533 Phone: (912) 389-4248 Fax: (912) 389-4287
R. LARRY HERNDON, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Jane M. Whitfield, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner James Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Sue Ann Tucker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Judy H. Powell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant
Albany Office Address: 2402 Dawson Road, Suite 5, Albany, Georgia 31707
Phone: (912) 430-4407 Fax: (912) 430-4056
Larry Duke, CFE, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Eugene Cline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Rosser . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Terry Tucker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner

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2000 Annual Report

Georgia Department of Banking and Finance
DISTRICT PERSONNEL
(As of March 1, 2001)

Valdosta Office Address: 2215 Bemiss Road, Suite F, Valdosta, Georgia 31602
Phone: (229) 333-5299 Fax: (229) 333-2139

Joyce Jones, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Kay Green . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner John Sutphin, III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Virginia Marable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Eugene Strom, III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner

Large Institution Supervision District - Decatur
Address: 755 Commerce Drive, Suite 912, Decatur, Georgia 30330 Phone: (404) 638-5102 Fax: (404) 638-5110

ROBERT J. ROSENTRETER, CEM, District Director . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5103 Lori Binford, CEM, Supervisory Examiner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5104 Jeffery Harris, Capital Markets Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5105 Steve Pleger, Credit Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5109 Evans Yancy, Credit Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5107 Karen Tatem, Information Technology Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5108 Laura Millen, Trust Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5106

Mortgage Division - District Examination Staff*
Address: 2990 Brandywine Road, Suite 200, Atlanta, Georgia 30341 Phone: (770) 986-1269 Fax: (770) 986-1029

* The mortgage examination staff works directly under the supervision of the Director for Mortgage. Mortgage examiners may be contacted through the Department's Mortgage Division at the address and phone numbers shown above.

DREXEL BECK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Director for Mortgage Rod Carnes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Special Investigations Examiner Kathie Heale Sheriff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Special Investigations Examiner Joel Byers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner-Mortgage Diane Hester . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Teresa Koeppell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Morris McCall . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Keith Prather . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Tracy Robbins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assistant Financial Examiner-Mortgage Anthony White . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage

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Georgia Department of Banking and Finance

2000 Annual Report

EXAMINATION DISTRICTS AND WORK AREAS

District Location

Main Office Atlanta

Large Institutions Decatur

1

Woods tock

1

2

Stone Mountain

3

College Park

4

Dublin

2

Savannah

5

Douglas

Albany

Valdos ta

3 4
5

Main Office Location Large Institutions District Office Location* Districts 1-5 Office Locations
1-5 Areas Covered by Districts 1-5
*NOTE: The Large Institutions Supervision District is responsible for the supervision and examination of large institutions. Currently, the institutions under the supervision of this district include: SunTrust Banks, Inc. (and its subsidiaries), Synovus Financial Corp. (and its subsidiaries), The Bankers Bank, and Georgia Central Credit Union.
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2000 Annual Report

Georgia Department of Banking and Finance
SUPERVISORY ACCREDITATIONS

On December 18, 1998, the Department of Banking and Finance's accreditation was renewed by the Conference of State Bank Supervisors (CSBS). The review team commended the Department on its many efforts to enhance and streamline operations. The CSBS Accreditation Program identifies banking departments that serve the citizens of their state by operating a capable and professional regulatory program.
The National Association of State Credit Union Supervisors (NASCUS) has a similar accreditation program that was developed and implemented for state credit union supervisory agencies. On September 4, 1998, the Department of Banking and Finance's accreditation was renewed by NASCUS. The NASCUS Performance Standards Committee determined that the Department continues to meet the criteria necessary to fulfill its statutory responsibility to charter, examine, supervise, and regulate the credit unions chartered under the laws of the State of Georgia.

Both of these accreditation programs are designed to provide an opportunity and a system for state regulatory agencies to improve and enhance their credibility through an accreditation process involving a comprehensive self-evaluation and an independent review of th e Department's operations. These programs are available on a voluntary basis, self-initiated, and have the following goals:
To foster continuity and uniformity of supervision and regulation of state-chartered commercial banks and credit unions;
To identify and correct Department weaknesses and to capitalize on the Department's strengths;
And, to enable the Department to better perform its responsibilities of chartering, regulating, examining and supervising state-chartered institutions in order to assure safety and soundness, legal compliance, integrity of the industries, and responsive service.

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Georgia Department of Banking and Finance

2000 Annual Report

STRATEGIC PLANNING INITIATIVES

The Department of Banking and Finance's first strategic plan was developed in 1995, with revisions in 1998 and 2000. The main focus of the Department's strategic plan is on maintaining a sound, competitive and accessible financial system for the citizens of Georgia. Department staff has seriously considered the question of how the Department can best act in the interest of Georgia's citizens and communities in an age when financial institutions are taking new forms, being restructured, merging together, and being operated under changing regulatory regimes.

To Maintain the Viability of and Enhance the Value of State-Chartered Institutions in a Global Financial Services Environment.
To Monitor Emerging Issues and Risks and to Respond as Necessary to Changes which may Impact our Supervisory Role and Responsibility.
To Foster a Culture which Emphasizes Communication between Management and Staff, Teamwork, and Empowerment of Employees.

The Department's strategic plan is based on a number of planning activities and operational reviews that have occurred in recent years. In 2000, senior staff and other members of Department management conducted a strategic planning retreat to revisit and update the strategic plan. As a result of the planning session and other interviews and meetings with staff, the strategic plan was reviewed and updated to represent the Department's strategic directions and goals for the next three years.

To Acquire and Retain Quality Employees and Maximize the Effectiveness and Efficiency of our Human Resources.
In this time of rapid change, we believe the Department has an important role to play in maintaining a healthy system of financial services providers -- one that promotes stable economic growth and development, access to financial services with appropriate consumer safeguards, and competition among providers.

Integral parts of the Department's plan are the Vision and Mission statements, Key Values, Linkages to the State's Strategic Plan, and Strategic Directions, Goals, and Objectives. The Department's strategic plan is comprised of seven Strategic Directions as follows:

To Ensure Fair and Progressive Regulation of Financial Institutions and Other Licensees under our Jurisdiction.

To Improve Communication and Service Delivery to be More Responsive to the Needs of our Customers (i.e., all licensed or regulated entities, consumers, the legislature, the Governor's Office, other state and federal agencies, and consumer groups).

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2000 Annual Report

Georgia Department of Banking and Finance
LEGISLATIVE HIGHLIGHTS

History
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 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 optedin to the provisions of the federal Riegle-Neal Act which permitted interstate branching of banks by merger. Beginning on July 1, 1998, the phase in of statewide intrastate branching was complete, allowing banks to have an unlimited number of de novo branches. During 1999, cleanup of the old branching laws was accomplished by considerable wording changes to the Code. With the settling in of statewide branching, powers of bank holding companies were increased, allowing the formation of a de novo bank by an existing bank holding company that has lawfully entered the state.
The Department continues to make changes to the Code to streamline the application process and coordinate its procedures with federal requirements.

2000 Legislation
A smooth transition into the new century was welcomed by the regulators and the industry. With extensive federal banking legislation being passed in November, 1999 in the form of the Gramm-Leach-Bliley Act, the Department began its efforts to ensure that Georgia laws and regulations work smoothly with the new federal laws and regulations in the areas of financial holding companies, financial subsidiaries, and privacy.
Legislative changes to the mortgage regulatory area represented an effort to simplify regulation and reduce paperwork for applicants and the Department, as well as to continue to improve the effectiveness of the Department's enforcement powers. The following areas were primarily affected by legislative changes during the year: (1) Provision for flexibility and competitiveness in financial institution powers; (2) Interstate updates; (3) Departmental procedures: criteria for applications and efforts to reduce paperwork; and (4) Enforcement remedies.
Looking Ahead
Proposed legislation for 2001 will primarily consist of: clarifications of law, updating of financial institution powers, and enhancements to regulation of the mortgage industry. Proposed amendments to the Code clarify and reorganize statements of law that were inconsistent or confusing. In addition, further changes are proposed to update powers of financial institutions and give them more flexibility to compete. For example, a change is proposed to eliminate the limitation on a bank's investment in a corporation that performs activities the bank itself could conduct, and a change is proposed to allow 25 percent of a bank's Board of Directors to be non U.S. citizens.

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Georgia Department of Banking and Finance

2000 Annual Report

FISCAL YEAR 2000 RECEIPTS AND DISBURSEMENTS

REVENUES COLLECTED

Bank Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$6,611,148

Check Casher Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .188,652

Credit Union Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .701,421

Holding Company Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .444,442

International Bank Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23,000

Mortgage Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4,982,827

Sale of Check Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9,815

Miscellaneous Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18,835

TOTAL RECEIPTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$12,980,140

DISBURSEMENTS Personal Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$8,333,131 Motor Vehicle Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .110,246 Supplies and Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .72,738 Repairs and Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .34,600 Travel Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .423,376 Motor Vehicle Equipment Purchase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .114,111 Printing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19,288 Equipment Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36,174 Office Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .423,995 Computer Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .281,289 Communications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .75,036 Per Diem and Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13,374 Other Operating Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214,257
TOTAL DISBURSEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$10,151,615
NOTE: Revenues collected are remitted to the Office of the Treasury and Fiscal Services. The level of expenditures is subject to the state budgetary process.

-15-

2000 Annual Report

Georgia Department of Banking and Finance

SUMMARY OF ACTIVITIES
FOR STATE CHARTERED FINANCIAL INSTITUTIONS AND OTHER ENTITIES REGULATED BY, LICENSED BY, OR REGISTERED WITH
THE DEPARTMENT OF BANKING AND FINANCE DURING 2000

FINANCIAL INSTITUTIO N, REGISTRANT, O R LIC ENS EE
BANKS

TO TALS DECEMBER 31,
1999
269

CREDIT CARD BANKS

5

TRUS T COMPANIES

2

BUS INES S

DEVELOPMENT

1

CORPORATIONS

CREDIT UNIONS

81

O PENED REG IS TERED
LIC ENS ED
11
1

FINANCIAL HOLDING

COMPANIES (S upervised

240

11

and/or Registered)

CHECK S ELLERS

23

1

CHECK CAS HERS

229

57

INTERNATIONAL BANKING FACILITIES

2

REPRES ENTATIVE OFFICES

64

18

INTERNATIONAL BANK AGENCIES

8

INTERNATIONAL BANK

REPRES ENTATIVE

5

OFFICES

MORTGAGE BROKERS ,

LENDERS , AND

2,871

727

REGIS TRANTS

CO NVERTED 1

MERGED -15

CLO SED LIQ UIDATED DEREG IS TERED
-1

TO TALS DECEMBER 31,
2000 266
5
2

1

-1

80

-13

238

-1

-2

21

-39

247

2

-12

70

-1

7

-2

3

-621

2,977

-16-

Georgia Department of Banking and Finance
BANKS

2000 Annual Report
2000 STRUCTURE ACTIVITY
State-Chartered Financial Institutions

As reflected in year-end 2000 Call Report information, total assets for state-chartered banks in Georgia amounted to $141 billion, reflecting an increase of roughly $79 billion from year-end 1999. The substantial increase in state-bank assets from the previous year was primarily the result of the SunTrust Banks, Inc. mergers (see bank merger summary for details). New bank charter activity continued, with twelve new banks opening during the year. As of the end of the year, the number of banks totaled 271, a decrease of three from the previous year.

New Banks

The Department received five applications for new bank charters during the year. Seven applications were approved during the year and twelve new banks opened.

BANK NAME

CITY

COUNTY CAPITALIZATION APPROVED OPENED

First Intercontinental Bank

Doraville

DeKalb $

7,305,000 09/10/1998 01/31/2000

Horizon Bank

Decatur

DeKalb

7,000,000 06/16/1999 01/24/2000

North Georgia Bank

Watkinsville Oconee

5,366,220 06/16/1999 04/17/2000

Century Bank of Bartow County Cartersville Bartow

7,900,350 06/23/1999 06/29/2000

Southern Community Bank

Fayetteville Fayette

8,109,830 07/27/1999 06/02/2000

The Bank of Georgia

Fayetteville Fayette

11,000,000 07/29/1999 02/18/2000

Newnan Coweta Bank

Newnan

Coweta

9,000,000 08/25/1999 04/20/2000

Security Exchange Bank

Marietta

Cobb

7,857,175 10/01/1999 04/17/2000

First Bank of Gwinnett

Lawrenceville Gwinnett

11,672,000 11/08/1999 05/15/2000

Centura Card Bank

No rcro s s

Gwinnett

5,004,000 01/20/2000 07/12/2000

Georgia Banking Company

Atlanta

Fulton

5,000,000 04/11/2000

N/A

Integrity Bank

Alpharetta

Fulton

10,000,000 04/12/2000 11/01/2000

Community Bank of Pickens County Jasper

Pickens

5,700,000 04/26/2000 10/02/2000

First Bank of Henry County

McDonough Henry

7,500,000 07/28/2000

N/A

Southern Horizon Bank

Morrow

Clayton

7,500,000 10/18/2000

N/A

Guardian Bank

Vald o s ta

Lowndes

4,500,000 12/07/2000

N/A

Sweetwater Bank & Trust

Powder Springs Cobb

7,500,000

Pending

N/A

Conversions
The Department received two applications for conversions to state charters. One application was approved and the conversion became effective during 2000. The second application was still pending at the end of the year.

BANK NAME Baxley Federal Bank Douglas Federal Bank

PRIOR NAME

CITY

APPROVED EFFECTIVE

Baxley Federal Savings Bank

Baxley

08/31/2000 11/10/2000

Douglas Federal Bank, A Federal Savings Bank Douglasville

Pending

N/A

Voluntary Dissolution of Charter Central Carolina Bank - Georgia, Columbus, Georgia, was voluntarily dissolved on 6/6/2000.

-17-

2000 Annual Report
BANKS (Continued)

Georgia Department of Banking and Finance
2000 STRUCTURE ACTIVITY
State-Chartered Financial Institutions

Mergers

During the year, the Department received 18 applications/notifications of mergers involving Georgia state banks. Seventeen applications were approved and one was pending approval at year-end. The SunTrust mergers resulted in the consolidation of 26 affiliate banks into the lead bank, SunTrust Bank, Atlanta, Georgia. As a result of the fortytwo bank mergers that became effective during 2000, 15 Georgia state-chartered banks ceased to exist.

S URVIVING BANK

LOCATION

MERGED BANK

LOCATION

EFFECTIVE

SunTrust Bank

Atlanta

SunTrust Bank, Southeast Georgia, N.A.

Brunswick

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Northwest Georgia, N.A.

Rome

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, South Central Tennessee, N.A. Pulaski, TN

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, South Florida, N.A.

Ft. Lauderdale, FL 01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, South Georgia, N.A.

Leesburg

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Northwest Florida

Tallahassee, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Southwest Florida

Ft. M yers, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Tampa Bay

Tampa, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, West Georgia, N.A.

Columbus

01/01/2000

SunTrust Bank

Atlanta

Crestar Bank

Richmond, VA

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Savannah, N.A.

Savannah

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Gulf Coast

Sarasota, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Alabama, N.A.

Florence, AL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Augusta, N.A.

Evans

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Central Florida, N.A.

Orlando, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Chattanooga, N.A.

Chattanooga, TN 01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, East Central Florida

Daytona Bch, FL 01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, East Tennessee, N.A.

Knoxville, TN

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Northeast Georgia, N.A.

Athens

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, M iami, N.A.

M iami, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, M id-Florida, N.A.

Lakeland, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, M iddle Georgia, N.A.

M acon

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Nashville, N.A.

Nashville, TN

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, Nature Coast

Brooksville, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, North Central Florida

Ocala, FL

01/01/2000

SunTrust Bank

Atlanta

SunTrust Bank, North Florida, N.A.

Jacksonville, FL

01/01/2000

First Flag Bank

LaGrange

The Citizens Bank

Hogansville

02/11/2000

Northeast Georgia Bank

Lavonia

Bank of Hartwell

Hartwell

04/01/2000

Wachovia Bank, N. A.

Winston-Salem, NC Bank of Canton

Canton

05/11/2000

Cordele Banking Company

Cordele

First State Bank of South Georgia

Ocilla

06/22/2000

Branch Banking and Trust Company Winston-Salem, NC Premier Bank

Atlanta

07/14/2000

Branch Banking and Trust Company Winston-Salem, NC Bank Atlanta

Decatur

07/14/2000

Branch Banking and Trust Company Winston-Salem, NC Farmers and M erchants Bank

Summerville

07/14/2000

Branch Banking and Trust Company Winston-Salem, NC First Citizens Bank of Georgia

Fay et t eville

07/14/2000

PlantersFIRST (f/k/a Cordele Bkg Co) Cordele

Pineview State Bank

Pineview

08/16/2000

PlantersFIRST (f/k/a Planters Bank) Hawkinsville

PlantersFIRST

Cordele

08/24/2000

Community Bank & Trust-Habersham Cornelia

Community Bank & Trust - Jackson

Commerce

11/20/2000

M ain Street Bank

Covington

The Westside Bank & Trust Company

Kennesaw

12/29/2000

M ain Street Bank

Covington

The Eastside Bank & Trust Company

Snellville

12/29/2000

M ain Street Bank

Covington

Community Bank of Georgia

Tucker

12/29/2000

First Flag Bank

LaGrange

Thomaston Federal Savings Bank

Thomaston

12/30/2000

FLAG Bank (f/k/a Citizens Bank)

Vienna

First Flag Bank

LaGrange

12/31/2000

Bank of Wrightsville

Wrightsville

The Knight State Bank

Dexter

Ap p roved

M ain Street Bank

Covington

Walton Bank & Trust Co.

M onroe

Pending

-18-

Georgia Department of Banking and Finance
BANKS (Continued)

2000 Annual Report
2000 STRUCTURE ACTIVITY
State-Chartered Financial Institutions

Name Changes

Sixteen banks changed their legal names during the year.

BANK NAME SunTrust Bank Plan ters FIRST Century South Bank of Dahlonega Century South Bank of Danielsville Century South Bank of Dawsonville Century South Bank of Ellijay Century South Bank of Lavonia First Nation Bank Colony Bank Worth Plan ters FIRST Colony Bank of Dodge County Colony Bank of Fitzgerald Colony Bank Wilcox Colony Bank Ashburn Community Bank & Trust FLAG Bank

PRIOR NAME

CITY

EFFECTIVE

SunTrust Bank, Atlanta

Atlanta

01/01/2000

Cordele Banking Company

Cordele

04/13/2000

Bank of Dahlonega

Dahlonega 05/08/2000

Bank of Danielsville

Danielsville 05/08/2000

First Community Bank of Dawsonville

Dawsonville 05/08/2000

The Bank of Ellijay

Ellijay

05/08/2000

Peoples Bank, Lavonia, Georgia

Lavonia

05/08/2000

First Newton Bank

Covington 05/26/2000

Bank of Worth

Sy lv es ter

07/19/2000

Planters Bank (formerly located in Hawkinsville) Cordele

08/24/2000

The Bank of Dodge County

Eas tman

08/31/2000

The Bank of Fitzgerald

Fitzgerald

10/30/2000

Community Bank of Wilcox

Rochelle

11/06/2000

Ashburn Bank

A s h b u rn

11/16/2000

Community Bank & Trust - Habersham

Cornelia

11/20/2000

Citizens Bank

Vienna

12/31/2000

CREDIT UNIONS
At the end of 1999, there were 81 state-chartered credit unions. During 2000, one state credit union merged into another state credit union, bringing the total number of credit unions to 80 at the end of the year.
Mergers
The Department received and approved three credit union merger applications during the year. Two of the three mergers approved became effective during 2000.

SURVIVING CREDIT UNION Georgia Telco Credit Union Atlanta Postal Credit Union American Heritage Credit Union

CITY Atlanta Atlanta Ellenwood

MERGED CREDIT UNION

CITY

Gold Kist/Cotton States Employees Federal CU Atlanta

Decatur Postal Employees Credit Union

Decatur

Allied Family of Companies FCU

Atlanta

EFFECTIVE 04/01/2000 06/30/2000 Approved

OTHER FINANCIAL INSTITUTIONS
Trust Companies
There was no change in the number of state-chartered trust companies during the year. Trust activities continue to be conducted principally by bank trust departments. There are two state-chartered trust companies in Georgia - one which is affiliated with a financial institution (Synovus Trust Company, Columbus, GA) and one which is independent (Reliance Trust Company, Atlanta, Georgia).
-19-

2000 Annual Report

2000 STRUCTURE ACTIVITY

Georgia Department of Banking and Finance

Other Licensees, Registrants, and Regulated Entities

BANK HOLDING COMPANIES

A total of 238 bank holding companies were registered with the Department at the end of 2000. Twelve applications were approved to establish new bank holding companies, and 13 applications were approved for additional acquisitions by an existing holding company. Many of these applications also resulted in the merger of acquired holding companies into the surviving institution.

Holding Company Formations

Of the 13 applications approved to establish new bank holding companies, nine became effective during 2000. Four formations have not been consummated, and one application that was previously approved was rescinded.

HOLDING COMPANY NAME

CITY

BANK ACQUIRED

Chestatee Bancshares, Inc.

Daws o n v ille

Chestatee State Bank

Reeds Jewelers, Inc.

Wilmington, NC First Retail Bank, N.A.

Gwinnett Commercial Group, Inc.

Lawrenceville First Bank of Gwinnett

NBG Bancorp, Inc.

Athens

The National Bank of Georgia

Futurus Financial Services, Inc.

Alpharetta

Futurus Bank, N. A.

Centura Bank

Rocky Mount, NC Centura Card Bank

Home Town Banking Corporation

Monroe

Walton Bank & Trust Co.

North Georgia Community Financial Partners, Inc. Calhoun

North Georgia National Bank

SouthernBank Holdings, Inc.

Buford

SouthernBank, N.A.

First National of Nebraska, Inc.

Omaha, NE

InfiBank

FMB Equibanc, Inc.

States b o ro

Farmers & Merchants Bank

Integrity Bancshares, Inc.

Alpharetta

Integrity Bank

Atlantic National Corporation

Bru n s wick

Atlantic National Bank

Georgia Gold Bancorp, Inc.

Dahlonega

Lumpkin County Bank

CITY

APPROVED

Daws o n v ille

01/11/2000

Flowery Branch 01/18/2000

Lawrenceville 02/01/2000

Athens

03/17/2000

Alpharetta

04/04/2000

No rcro s s

04/20/2000

Monroe

05/17/2000

Calhoun

05/17/2000

Buford

05/30/2000

Atlanta

07/05/2000

States b o ro

07/18/2000

Alpharetta

07/28/2000

Bru n s wick

11/15/2000

Dahlonega

Res cin d ed

Holding Company Acquisitions

Of the 12 holding company acquisitions approved, 10 became effective during 2000. Two acquisitions have not been consummated, two applications received are pending approval, and one application was rescinded.

HOLDING COMPANY NAME CITY

ACQUIRED

CITY

APPROVED

Community National Bancorporation Ashburn

First National Bank

Tarpon Springs, FL 01/10/2000

Century South Banks, Inc.

Dahlonega

Lanier National Bank

Gainesville

01/18/2000

BB&T Corporation

Winston-Salem, NC First Banking Company of Southeast Georgia Statesboro

02/24/2000

BB&T Corporation

Winston-Salem, NC Hardwick Holding Company

Dalton

02/28/2000

First Sterling Banks, Inc.

Kennesaw

M ain Street Bank

Covington

04/10/2000

United Community Banks, Inc.

Blairsville

Independent Bank & Trust Company

Powder Springs

05/25/2000

United Community Banks, Inc.

Blairsville

Dawson County Bank

Dawsonville

05/25/2000

Synovus Financial Corp.

Columbus

pointpathbank, N.A.

Columbus

05/30/2000

First Security Group, Inc.

Chattanooga, TN Frontier Bank

Sweetwater, TN

08/31/2000

Synovus Financial Corp.

Columbus

Carolina Southern Bank

Spartanburg, SC

10/25/2000

PAB Bankshares, Inc.

Valdosta

Friendship Community Bank

Ocala, FL

12/06/2000

Capital City Bank Group, Inc.

Tallahassee, FL First Bankshares of West Point, Inc.

West Point

12/08/2000

Bank of America Corporation

Charlotte, NC

Bank of America Georgia, N.A.

Atlanta

Pending

Summit Bank Corporation

Atlanta

Global Commerce Bank

Doraville

Pending

First Commerce Bancorp, Inc.

Commerce

First Commerce Bank, N.A.

Commerce

Rescinded

-20-

Georgia Department of Banking and Finance

2000 Annual Report

2000 STRUCTURE ACTIVITY

Other Licensees, Registrants, and Regulated Entities

MORTGAGE LICENSEES AND REGISTRANTS

Article 13 of Title 7 of the Official Code of Georgia Annotated requires all persons, unless they are exempt, who transact business as a mortgage broker or mortgage lender to be licensed or registered with the Department. The number of mortgage broker and mortgage lender licenses issued each year continues to grow, ensuring that Georgians are provided with varied sources of mortgage financing opportunities. At the end of 2000, active licensees and registrants totaled 2,977, a net increase of 106 or 3.7% for the year.

Services offered by licensees and registrants which are regulated by the Department include loans to purchase a home or refinance a home or existing mortgage, second mortgage loans, home equity loans or lines of credit, and loans for other purposes to natural persons secured by a lien on Georgia residential property.

OTHER LICENSEES, REGISTRANTS, AND REGULATED ENTITIES

Check Cashers and Sale of Check Companies

As of the end of 2000, there were 247 check cashers licensed or registered with the Department. This was a net increase of 18 from the previous year.

The Department has been supervising companies which sell traveler's checks and money orders to people in Georgia since 1965. At the end of the year, 21 companies having a total of 9,980 agents throughout the state were licensed to do business in Georgia. At the end of the year, there were only two in-state sale of check companies licensed with the Department. The other 19 companies are out-of-state companies licensed to operate in Georgia.

International Banking
During 2000, the number of Domestic International Banking Facilities and International Representative Offices remained virtually unchanged. At the end of the year, there were three representative offices of international banks registered or authorized to do business in Georgia and two domestic international banking facilities. Over the last few years, many international banking organizations have consolidated their U.S. operations in order to improve efficiency, resulting in the closure of agency offices in various states. At year-end there were seven International Bank Agencies licensed by the Department, a decrease of one from the previous year.

Business Development Corporations

The Department is charged with the responsibility of supervising the operations of various other companies engaged in or related to the financial services industry. There is one business development corporation - The Business Development Corporation of Georgia, Inc., Atlanta, Georgia - that receives regular examinations by the Department.
Representative Offices of Banks and Bank Holding Companies

As of the end of 2000, there were 70 companies registered having representative offices operating in this state compared to 64 at the end of 1999. These included 52 registrants of out-of-state companies (including 10 trust production offices) and 18 registrants of in-state companies.

-21-

2000 Annual Report

Georgia Department of Banking and Finance

COMBINED REPORTS OF CONDITION OF STATE-CHARTERED BANKS IN GEORGIA
AS OF DECEMBER 31, 2000
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1999 (AMOUNTS IN MILLIONS)

ASSETS Number of Bank s Gross Loans
Less: Allowance for Loan and Lease Losses Net Loans Lease Financial Receivables Interest Bearing Depository Balances Securities Trade Account Federal Funds Sold and Securities Purchased under Agreement to Resell
TOTAL EARNING ASSETS

12/31/2000 12/31/1999 271 Banks 274 Banks

99,203

40,235

(1,311)

(558)

97,892

39,677

2,630

619

179 24,157
168

154 11,368
75

3,778

4,240

128,804

56,133

Cash and Non-Interest Bearing Depository Balances Bank Premises, Furniture and Fixtures Other Real Estate Owned Intangible Assets All Other Assets
TOTAL ASSETS

5,923 2,155
91 728 3,276
140,977

2,591 898 39 182
1,916
61,759

LIABILITIES Demand Deposits of IPC-Domestic Time and Savings Deposits of IPC - Domestic Deposits in Foreign Offices Deposits of U.S. Government Deposits of State, Counties and Municipalities Certified and Officers' Checks All Other Deposits
TOTAL DEPOSITS

12,467 73,747 9,823
27 4,332
255 366
101,017

6,549 26,885 5,221
32 2,434
147 197
41,465

Federal Funds Purchased and Securities Sold under Agreement to Repurchase Other Liabilities for Borrowed Money All Other Liabilities
TOTAL LIABILITIES

13,125 8,808 3,809
126,759

6,973 4,180 2,482
55,100

Subordinated Notes and Debentures

1,068

250

EQUITY CAPITAL Preferred Stock Common Stock Surplus Undivided Profits and Capital Reserves Adjustments to Capital
TOTAL EQUITY CAPITAL

1 404 4,983 6,666 1,096
13,150

1 374 3,052 2,224 758
6,409

TOTAL LIABILITIES, SUBORDINATED NOTES AND DEBENTURES, AND EQUITY CAPITAL

140,977

At year-end 2000, there were 66 national banks with total assets of approximately $27 billion. -22-

61,759

Georgia Department of Banking and Finance

2000 Annual Report

COMBINED STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED BANKS IN GEORGIA AS OF DECEMBER 31, 2000
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 1999 (AMOUNTS IN MILLIONS)

INTEREST INCOME Number of Bank s Interest and Fees on Loans Income from Lease Financing Interest on Balances with Depository Institutions Income on Federal Funds Sold and Securities
Purchased under Agreement to Resell Interest and Dividends from Securities Trading Account Interest
TOTAL INTEREST INCOME

12/31/2000 271 Banks 8,244 167 13

12/31/1999 274 Banks 3,208 40 12

271 1,387
4
10,086

181 570
-
4,011

INTEREST EXPENSE Interest on Deposits Expense on Federal Funds Purchased and
Securities Sold under Agreement to Repurchase Interest on Other Borrowed Money Interest on Subordinated Notes and Debentures
TOTAL INTEREST EXPENSE

3,733
847 498 78 5,156

1,426
302 111 14 1,853

NET INTEREST INCOME TOTAL NONINTEREST INCOME

4,930 2,975

2,158 1,432

OVERHEAD EXPENSE Salaries and Employee Benefits Net Occupancy Expense of Bank Premises and Equipment Expenses Other Noninterest Expenses
TOTAL OVERHEAD EXPENSE

2,256 706
1,667
4,629

1,002 339 874
2,215

PROVISIONS FOR LOAN LOSSES

314

190

SECURITIES GAINS AND LOSSES
NET OPERATING INCOME BEFORE TAXES APPLICABLE INCOME TAXES
NET OPERATING INCOME AFTER TAXES EXTRAORDINARY INCOME OR EXPENSES, NET

(11)
2,951 931
2,020 -

(15)
1,170 384
786 -

NET INCOME

2,020

786

-23-

2000 Annual Report

Georgia Department of Banking and Finance

CITY
Abbeville Abbeville A d airs v ille Adel Adel Ailey Alamo Alapaha Albany Allentown Alma Alpharetta Alpharetta Alpharetta Americus Americus A s h b u rn Athens Athens Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Augusta Bainbridge Bainbridge Barwick Baxley Baxley Blacks h ear Blacks h ear Blairs v ille Blairs v ille Blakely Blakely Blue Ridge Broxton Bru n s wick Bru n s wick Buford Cadwell Cairo Cairo

STATE-CHARTERED BANKS (Amounts in Thousands)

COUNTY
Wilcox Wilcox Bartow Cook Cook Montgomery Wheeler Berrien Dougherty W ilkin s o n Bacon Fulton Fulton Fulton Sumter Sumter Turner Clarke Clarke Cobb DeKalb Fulton Fulton Fulton Fulton Fulton Fulton Fulton Richmond Decatur Decatur Brooks Appling Appling Pierce Pierce Union Union Early Early Fannin Coffee Glynn Glynn Gwinnett Laurens Grady Grady

NAME OF BANK
Dorsey State Bank Wilcox County State Bank Bank of Adairsville Adel Banking Company Farmers & Merchants Bank Montgomery County Bank Wheeler County State Bank Bank of Alapaha Security Bank and Trust Company of Albany The Four County Bank Alma Exchange Bank & Trust Bank of North Georgia First Colony Bank Integrity Bank Citizens Bank of Americus Sumter Bank and Trust Company Colony Bank Ashburn Athens First Bank & Trust Company First American Bank and Trust Company * The Bankers Bank The Prudential Bank and Trust Company * AmTrade International Bank of Georgia Capitol City Bank & Trust Company * Citizens Trust Bank First Financial Bank InfiBank Monogram Credit Card Bank of Georgia * SunTrust Bank Georgia Bank & Trust Company of Augusta First Community Bank of Southwest Georgia The First Port City Bank Barwick Banking Company Baxley Federal Bank Peoples State Bank & Trust Peoples Bank The Blackshear Bank Appalachian Community Bank United Community Bank Bank of Early First State Bank of Blakely Peoples Bank of Fannin County Colony Bank Southeast The Coastal Bank of Georgia The First Bank of Brunswick Peoples Bank & Trust Farmers State Bank Cairo Banking Company Citizens Bank

BEGIN BUSINESS
10/04/1972 04/22/1952 03/24/1899 03/01/1929 01/15/1948 03/01/1926 01/17/1945 03/25/1905 08/31/1970 09/15/1941 10/14/1939 08/05/1960 01/18/1985 11/01/2000 03/25/1937 10/28/1974 07/30/1900 05/30/1929 11/01/1949 01/31/1986 09/04/1945 03/19/1993 10/03/1994 08/17/1921 05/07/1993 04/27/1998 06/27/1988 11/08/1891 08/28/1989 01/24/1935 10/07/1974 06/01/1967 01/25/1935 07/01/1966 08/05/1946 07/07/1892 01/04/1982 03/01/1950 04/28/1941 05/15/1937 08/01/1986 07/01/1946 06/01/1950 07/02/1990 12/13/1984 11/15/1966 11/23/1903 01/01/1904

TOTAL **ASSETS
8,352 34,922 83,863 79,341 61,125 121,695 29,277 50,313 252,500 37,552 74,600 833,486 222,052 24,083 124,703 182,409 181,922 687,322 161,097 1,037,235 715,045 98,509 72,249 266,142 210,380 21,705 2,035,626 99,528,008 404,199 167,169 76,015 10,457 120,911 48,918 161,632 108,865 77,903 626,263 60,053 83,833 289,645 61,539 308,144 146,636 236,234 94,642 77,090 34,466

* Member of the Federal Reserve System -24-

**Information as of 12/31/2000

Georgia Department of Banking and Finance

CITY
Calhoun Camilla Camilla Carn es v ille Carrollton Carrollton Carrollton Carters v ille Carters v ille Ch ats wo rth Chickamauga Clarkes v ille Claxton Claxton Clayton Clayton Cleveland Cochran Cochran Colquitt Columbus Columbus Comer Cordele Cordele Cornelia Covington Covington Crawford Cumming Cuthbert Dahlonega Dahlonega Dalton Dalton Dalton Dan iels v ille Darien Daws o n Daws o n Daws o n v ille Daws o n v ille Daws o n v ille Decatur Decatur Dexter Do n als o n v ille Do n als o n v ille

COUNTY
Gordon Mitchell Mitchell Franklin Carroll Carroll Carroll Bartow Bartow Murray Walker Hab ers h am Evans Evans Rabun Rabun White Bleckley Bleckley Miller Muscogee Muscogee Mad is o n Cris p Cris p Hab ers h am Newton Newton Oglethorpe Fo rs y th Randolph Lumpkin Lumpkin Whitfield Whitfield Whitfield Mad is o n McIn to s h Terrell Terrell Daws o n Daws o n Daws o n DeKalb DeKalb Laurens Seminole Seminole

STATE-CHARTERED BANKS (Amounts in Thousands)
NAME OF BANK
Georgia Bank & Trust Bank of Camilla Planters & Citizens Bank First Bank and Trust Citizens Bank and Trust of West Georgia Community First Bank Peoples Bank of West Georgia Bartow County Bank Century Bank of Bartow County Cohutta Banking Company Bank of Chickamauga Habersham Bank The Claxton Bank Tippins Bank & Trust Company First Clayton Bank & Trust Rabun County Bank White County Bank State Bank of Cochran The Citizens Bank of Cochran Peoples Community Bank BB&T Bankcard Corporation Columbus Bank and Trust Company Merchants and Farmers Bank of Comer, Georgia Central Bank & Trust Plan ters FIRST Community Bank & Trust * First Nation Bank Main Street Bank The Commercial Bank The Citizens Bank of Forsyth County First State Bank of Randolph County Century South Bank of Dahlonega Lumpkin County Bank Dalton Whitfield Bank First Bank of Dalton Hardwick Bank & Trust Company Century South Bank of Danielsville Southeastern Bank Bank of Dawson Bank of Terrell Century South Bank of Dawsonville Chestatee State Bank Dawson County Bank Decatur First Bank Horizon Bank Knight State Bank Commercial State Bank First State Bank of Donalsonville

* Member of the Federal Reserve System -25-

2000 Annual Report

BEGIN BUSINESS
02/15/1988 01/02/1890 05/24/1913 08/01/1960 07/01/1947 12/31/1929 03/03/1997 03/28/1974 06/29/2000 01/24/1906 05/10/1910 05/30/1904 02/24/1941 09/03/1940 03/05/1990 10/10/1975 10/29/1976 01/05/1922 07/01/1942 10/19/1973 07/01/1998 04/01/1889 10/10/1935 01/23/1986 03/30/1896 08/04/1900 08/28/1963 04/01/1901 09/05/1924 02/03/1997 01/02/1959 05/27/1914 12/14/1982 09/16/1999 01/08/1996 02/20/1922 01/15/1908 01/24/1889 07/01/1911 08/31/1999 04/22/1991 05/15/1998 07/13/1953 09/02/1997 01/24/2000 04/01/1956 08/31/1999 01/01/1934

TOTAL **ASSETS
252,970 64,442 75,991 105,292 345,617 395,162 66,081 216,170 27,555 161,620 56,337 538,196 87,304 51,036 152,843 144,125 210,656 105,176 71,726 80,052 96,624 3,773,519 76,798 62,068 246,452 487,544 293,095 1,007,939 68,476 81,364 42,322 151,767 60,910 114,775 119,139 343,584 73,477 348,838 64,987 94,296 74,870 82,473 120,411 71,899 35,149 28,566 68,995 86,470

**Information as of 12/31/2000

2000 Annual Report

CITY
Do n als o n v ille Doraville Doraville Do u g las v ille Do u g las v ille Dublin Dublin Dudley Duluth Duluth Eas tman Eas tman Eas tman Eatonton Eatonton Ed is o n Ellaville Ellijay Ellijay Fayetteville Fayetteville Fitzgerald Fitzgerald Fo rs y th Fo rs y th Fort Oglethorpe Fort Valley Gain es v ille Gib s o n Glennville Glennville Gray Greenville Haddock Hahira Hawkin s v ille Hazleh u rs t Hiawas s ee Hiawas s ee Hin es v ille Hiram Irwinton Jacks o n Jacks o n Jas p er Jas p er Jas p er Jeffers o n v ille

COUNTY
Seminole DeKalb DeKalb Douglas Douglas Laurens Laurens Laurens Fulton Gwinnett Dodge Dodge Dodge Putnam Putnam Calhoun Schley Gilmer Gilmer Fayette Fayette Ben Hill Ben Hill Monroe Monroe Cato o s a Peach Hall Glas co ck Tattnall Tattnall Jones Meriwether Jones Lowndes Pu las ki Jeff Davis Towns Towns Liberty Paulding W ilkin s o n Butts Butts Pickens Pickens Pickens Twiggs

STATE-CHARTERED BANKS (Amounts in Thousands)
NAME OF BANK
Merchants and Farmers Bank First Intercontinental Bank Global Commerce Bank Citizens & Merchants State Bank Douglas County Bank Farmers & Merchants Bank The Morris State Bank Bank of Dudley The Peachtree Bank Gwinnett Community Bank Bank of Eastman Citizens Bank & Trust Company Colony Bank of Dodge County Farmers & Merchants Bank The Peoples Bank The Bank of Edison Bank of Ellaville Century South Bank of Ellijay Gilmer County Bank Southern Community Bank The Bank of Georgia Colony Bank of Fitzgerald Community Banking Company of Fitzgerald Monroe County Bank The Farmers Bank Capital Bank The Citizens Bank Gainesville Bank & Trust Bank of Gibson First Citizens Bank The Glennville Bank and Trust Company Bank of Gray The Greenville Banking Company Jones County Bank Citizens Community Bank SunMark Community Bank Bank of Hazlehurst Bank of Hiawassee Towns County Bank The Heritage Bank Community Trust Bank Wilkinson County Bank First Georgia Community Bank McIntosh State Bank Community Bank of Pickens County Crescent Bank and Trust Company Jasper Banking Company Peoples State Bank

* Member of the Federal Reserve System -26-

Georgia Department of Banking and Finance

BEGIN BUSINESS
09/24/1925 01/31/2000 08/18/1995 10/06/1987 06/24/1974 07/06/1910 10/02/1958 11/30/1905 10/05/1998 10/18/1999 01/02/1919 04/01/1949 09/26/1966 11/15/1922 05/01/1944 12/31/1904 09/16/1910 06/01/1914 03/03/1995 06/02/2000 02/18/2000 04/15/1976 04/19/1996 10/15/1908 12/31/1910 08/07/1964 01/01/1907 02/01/1988 11/27/1905 01/04/1943 01/18/1905 08/28/1909 12/31/1891 07/25/1905 02/21/1927 08/27/1949 10/30/1906 07/21/1909 12/08/1984 11/15/1911 02/02/1988 07/16/1907 09/08/1997 09/18/1964 10/02/2000 08/14/1989 03/12/1945 12/10/1969

TOTAL **ASSETS
49,615 33,204 53,947 118,993 152,778 343,911 136,924 96,371 93,351 63,455 134,641 96,941 50,292 117,409 91,630 34,751 82,484 89,487 195,157 60,638 67,127 113,592 61,663 52,097 51,593 85,613 93,016 296,387 9,627 68,306 93,495 173,432 20,658 4,555 77,985 77,776 56,913 169,068 106,117 219,248 150,383 31,216 84,959 208,397 11,881 182,181 177,413 22,912

**Information as of 12/31/2000

Georgia Department of Banking and Finance

2000 Annual Report

CITY
Jo n es b o ro Kin g s lan d LaFayette LaGrange LaGrange Lakeland Lavonia Lavonia Lawrenceville Lawrenceville Lawrenceville Leary Lenox Lincolnton Lithonia Loganville Lumber City Lumpkin Lyons Mableton Macon Macon Mad is o n Manchester Marietta Marietta Marietta McDonough McRae McRae Metter Metter Milledgeville Milledgeville Molena Monroe Monticello Moultrie Moultrie Mount Vernon Nas h v ille Nas h v ille Newington Newnan Newnan No rcro s s No rcro s s Oakwood

STATE-CHARTERED BANKS (Amounts in Thousands)

COUNTY
Clayton Camden Walker Troup Troup Lanier Franklin Franklin Gwinnett Gwinnett Gwinnett Calhoun Cook Lincoln DeKalb Walton Telfair Stewart Toombs Cobb Bibb Bibb Morgan Meriwether Cobb Cobb Cobb Henry Telfair Telfair Candler Candler Baldwin Baldwin Pike Walton Jas p er Colquitt Colquitt Montgomery Berrien Berrien Screven Coweta Coweta Gwinnett Gwinnett Hall

NAME OF BANK
Heritage Bank Citizens State Bank The Bank of LaFayette, Georgia Commercial Bank & Trust Company of Troup County Community Bank and Trust - Troup Farmers and Merchants Bank Century South Bank of Lavonia Northeast Georgia Bank First Bank of Gwinnett Gwinnett Banking Company * The Brand Banking Company Jordan Banking Company Bank of Lenox Farmers State Bank The Peoples Bank The Community Bank Bank of Lumber City Farmers State Bank Peoples Bank Georgia State Bank Rivoli Bank & Trust Security Bank of Bibb County Bank of Madison F & M Bank and Trust Company Charter Bank and Trust Co. Riverside Bank Security Exchange Bank American Community Bank of Georgia The Merchants & Citizens Bank The Security State Bank Metter Banking Company Pineland State Bank Century Bank and Trust Exchange Bank First Bank of Pike Walton Bank & Trust Co. Bank of Monticello American Banking Company * Southwest Georgia Bank Mount Vernon Bank The Citizens Bank The United Banking Company Bank of Newington Bank of Coweta Newnan Coweta Bank * Centura Card Bank First Capital Bank Southern Heritage Bank

BEGIN BUSINESS
12/31/1955 02/24/1947 12/31/1899 09/15/1941 12/15/1984 12/31/1907 10/10/1988 09/23/1940 05/15/2000 10/31/1997 07/17/1905 01/03/1966 06/25/1907 12/02/1911 12/31/1910 10/05/1946 07/02/1945 12/30/1911 06/01/1935 04/28/1986 06/12/1997 11/03/1988 01/01/1890 02/21/1948 02/03/1989 04/17/1987 04/17/2000 06/29/1998 03/28/1929 08/23/1972 08/26/1935 10/15/1962 03/30/1898 06/01/1903 03/30/1899 08/15/1988 02/10/1964 10/01/1971 01/03/1928 01/24/1901 03/30/1943 07/15/1924 08/14/1919 10/06/1972 04/20/2000 07/12/2000 12/18/1989 01/04/1999

TOTAL **ASSETS
228,267 31,188 133,185 207,712 60,412 113,116 51,080 223,162 77,843 107,007 364,839 9,648 38,732 68,397 110,039 132,250 17,983 43,344 53,037 179,860 97,843 297,832 100,106 49,546 197,662 257,392 15,083 49,405 55,459 34,175 114,931 65,634 116,062 132,619 29,392 61,778 59,563 161,830 239,343 58,026 89,733 77,972 38,211 249,702 29,267 8,188 263,041 42,082

* Member of the Federal Reserve System -27-

**Information as of 12/31/2000

2000 Annual Report

CITY
Omega Patters o n Pears o n Pelham Pembroke Perry Perry Pine Mountain Powder Springs Quitman Reid s v ille Reynolds Richmond Hill Ringgold Ringgold Roberta Rochelle Rochelle Rockmart Rome Rome Rome Ro s s v ille San d ers v ille San d ers v ille Sardis Savannah Savannah Senoia Smyrna Social Circle Soperton Sparta Sparta Springfield States b o ro States b o ro States b o ro States b o ro Stockbridge Swain s b o ro Swain s b o ro Sylvania Sy lv es ter Sy lv es ter Talbotton Th o mas to n Th o mas to n

COUNTY
Tift Pierce A tkin s o n Mitchell Bryan Ho u s to n Ho u s to n Harris Cobb Brooks Tattnall Taylor Bryan Cato o s a Cato o s a Crawford Wilcox Wilcox Polk Floyd Floyd Floyd Walker W as h in g to n W as h in g to n Burke Chatham Chatham Coweta Cobb Walton Treutlen Hancock Hancock Effingham Bulloch Bulloch Bulloch Bulloch Henry Emanuel Emanuel Screven Worth Worth Talbot Up s o n Up s o n

STATE-CHARTERED BANKS (Amounts in Thousands)
NAME OF BANK
South Georgia Banking Company The Patterson Bank The Citizens Exchange Bank Pelham Banking Company First Bank of Coastal Georgia Security Bank of Houston County The Bank of Perry First Peoples Bank Independent Bank & Trust Company Heritage Community Bank The Tattnall Bank The Citizens State Bank of Taylor County Bryan Bank & Trust Gateway Bank & Trust Northwest Georgia Bank First Community Bank of Georgia Colony Bank Wilcox Rochelle State Bank United Bank & Trust Company 1st Floyd Bank Citizens First Bank Greater Rome Bank Rossville Bank Citizens Bank of Washington County The Geo. D. Warthen Bank Bank of Burke County The Carver State Bank The Coastal Bank Farmers and Merchants Community Bank Community Bank of the South Georgia Central Bank The Bank of Soperton Bank of Hancock County United Security Bank Citizens Bank of Effingham Eagle Bank and Trust Farmers & Merchants Bank First Bulloch Bank & Trust Company Sea Island Bank The First State Bank Spivey State Bank The Citizens Bank of Swainsboro Farmers and Merchants Bank Colony Bank Worth Sylvester Banking Company The Peoples Bank of Talbotton Bank of Upson West Central Georgia Bank

* Member of the Federal Reserve System -28-

Georgia Department of Banking and Finance

BEGIN BUSINESS
01/02/1968 06/19/1907 05/12/1945 12/08/1936 02/11/1938 09/14/1987 12/31/1889 07/09/1990 01/11/1990 12/31/1888 10/22/1900 09/08/1922 12/27/1989 04/21/1997 08/30/1904 06/15/1998 06/30/1906 08/01/1947 01/16/1990 06/15/1967 01/01/1911 02/26/1996 12/13/1963 05/03/1965 03/18/1957 07/02/1945 06/04/1947 07/09/1970 03/02/1874 08/02/1999 03/08/1924 12/31/1903 09/05/1904 06/01/1967 09/08/1998 02/20/1991 02/17/1948 04/14/1934 12/31/1901 10/08/1964 03/01/1965 12/31/1900 12/31/1946 06/22/1981 07/30/1898 01/13/1891 10/01/1951 04/15/1974

TOTAL **ASSETS
151,573 92,822 19,424 44,560 71,080 116,431 81,170 50,147 151,976 60,861 73,163 32,996 106,720 108,493 342,903 56,450 34,117 16,351 58,235 151,767 205,890 106,582 98,034 126,147 88,906 49,373 21,998 111,853 41,126 79,632 63,958 41,977 62,558 14,187 60,831 94,846 95,963 191,804 201,449 445,805 94,186 54,132 81,279 75,280 45,747 16,568 209,027 74,889

**Information as of 12/31/2000

Georgia Department of Banking and Finance

CITY
Th o mas v ille Th o mas v ille Th o ms o n Tifton Tifton Toccoa Toccoa Trenton Twin City Union Point Uvalda Vald o s ta Vald o s ta Vidalia Vienna Vienna Villa Rica Warner Robins Warrenton W as h in g to n W atkin s v ille W atkin s v ille W ay cro s s Willacoochee Winder Winder Woodbury Woodland Wrens W rig h ts v ille Zebulon

COUNTY
Thomas Thomas McDuffie Tift Tift Stephens Stephens Dade Emanuel Greene Montgomery Lowndes Lowndes Toombs Dooly Dooly Carroll Ho u s to n Warren Wilkes Oconee Oconee Ware A tkin s o n Barrow Barrow Meriwether Talbot Jeffers o n Jo h n s o n Pike

STATE-CHARTERED BANKS (Amounts in Thousands)
NAME OF BANK
Bank of Thomas County Commercial Bank First Bank of Georgia Citizens Security Bank First Community Bank of Tifton Liberty Bank & Trust The Bank of Toccoa Bank of Dade Durden Banking Company, Incorporated The Farmers Bank Altamaha Bank and Trust Company First State Bank and Trust Company of Valdosta The Park Avenue Bank Darby Bank & Trust Co. Bank of Dooly FLAG Bank Home Town Bank of Villa Rica CB&T Bank of Middle Georgia Citizens Bank Farmers and Merchants Bank North Georgia Bank Oconee State Bank Waycross Bank & Trust The Peoples Bank First Piedmont Bank The Peoples Bank The Woodbury Banking Company Talbot State Bank First State Bank Bank of Wrightsville United Bank

2000 Annual Report

BEGIN BUSINESS
11/20/1911 07/22/1916 01/09/1989 04/15/1948 02/24/1937 07/20/1984 09/01/1911 01/12/1956 07/05/1935 09/06/1911 05/16/1966 03/30/1906 06/28/1971 07/01/1934 07/30/1976 07/01/1931 10/22/1997 01/04/1985 04/30/1902 03/14/1950 04/17/2000 02/01/1960 06/01/1988 01/15/1952 04/15/1998 10/30/1926 09/29/1902 11/25/1907 07/06/1964 02/16/1897 01/31/1905

TOTAL **ASSETS
39,578 316,658 116,485 140,151 172,012 24,291 125,293 63,875 62,326 55,576 101,469 225,183 292,315 236,724 58,809 555,811 69,588 244,806 40,829 181,480 16,204 181,930 107,263 35,290 49,732 196,396 20,724 67,995 63,743 56,489 461,107

* Member of the Federal Reserve System -29-

**Information as of 12/31/2000

2000 Annual Report

Georgia Department of Banking and Finance

CITY
Albany Albany Alma Alpharetta Alpharetta A s h b u rn Athens Atlanta Atlanta Atlanta Augusta Barn es v ille Blue Ridge Bru n s wick Buchanan Cairo Cairo Calhoun Calhoun Canton Carrollton Carters v ille Cedartown Ch ats wo rth Columbus Columbus Commerce Conyers Dalton Dalton Darien Douglas Duluth Elberton Flowery Branch Fo lks to n Gain es v ille Griffin Jes u p Ken n es aw Lawrenceville Lawrenceville Lawrenceville

NATIONAL BANKS* (Amounts in Thousands)

COUNTY
Dougherty Dougherty Bacon Fulton Fulton Turner Clarke DeKalb Fulton Fulton Richmond Lamar Fannin Glynn Harals o n Grady Grady Gordon Gordon Cherokee Carroll Bartow Polk Murray Muscogee Muscogee Jacks o n Rockdale Whitfield Whitfield McIn to s h Coffee Gwinnett Elbert Hall Charlton Hall Spalding Wayne Cobb Gwinnett Gwinnett Gwinnett

NAME OF BANK
Albany Bank & Trust, National Association First National Bank of South Georgia First National Bank South Chattahoochee National Bank North Atlanta National Bank Community National Bank The National Bank of Georgia The Summit National Bank The Buckhead Community Bank, N.A. United Americas Bank, National Association First Union Direct Bank, National Association The First National Bank of Barnesville Century South Bank of Fannin County, N.A. Atlantic National Bank First National Bank of Georgia First National Bank of Grady County United National Bank First National Bank of Northwest Georgia North Georgia National Bank Cherokee Bank, National Association West Georgia National Bank of Carrollton Unity National Bank The First National Bank of Polk County The First National Bank of Chatsworth pointpathbank, N.A. Universal Bank, National Association The First National Bank of Commerce Rockdale National Bank Alliance National Bank Premier National Bank of Dalton Sapelo National Bank First National Bank of Coffee County First National Bank of Gwinnett Pinnacle Bank, National Association First Retail Bank, National Association First National Bank Century South Bank of Northeast Georgia, N.A. First National Bank of Griffin Wayne National Bank First North American National Bank Belk National Bank Cedar Hill National Bank Embry National Bank

BEGIN BUSINESS
04/28/1999 05/29/1991 05/01/1951 07/27/1998 11/16/1998 08/06/1990 05/08/2000 03/10/1988 02/06/1998 09/20/1999 06/02/1997 04/02/1902 05/31/1994 08/31/1998 03/04/1909 06/19/1918 05/26/2000 01/12/1905 02/10/1999 07/27/1999 09/16/1946 11/30/1998 01/01/1920 08/18/1975 06/26/2000 03/26/1990 01/01/1904 10/14/1997 10/25/1999 11/25/1996 05/29/1997 09/23/1991 11/14/2000 03/12/1934 07/10/2000 04/01/1996 03/25/1985 05/12/1933 09/26/1990 11/19/1990 05/03/1999 02/02/1998 12/07/1987

TOTAL **ASSETS
59,191 71,680 165,303 64,449 35,520 146,134 27,667 283,104 71,766 30,285 6,397,222 122,401 93,012 92,707 149,178 119,263 28,108 197,281 46,596 42,146 287,617 78,377 140,053 119,532 11,936 12,249,391 222,684 66,854 34,349 64,425 38,833 82,495 16,707 281,211 2,708 27,677 372,572 226,564 58,038 478,365 16,779 10,559 100,013

*Information as of 12/31/2000 -30-

Georgia Department of Banking and Finance

CITY
Lo u is v ille Macon Marietta Milledgeville Monroe No rcro s s No rcro s s Peachtree City Quitman Savannah Savannah Springfield St. Marys St. Marys Stockbridge Summerville Suwanee Suwanee Th o mas v ille Tucker W ay n es b o ro West Point Woodstock

COUNTY
Jeffers o n Bibb Cobb Baldwin Walton Gwinnett Gwinnett Fayette Brooks Chatham Chatham Effingham Camden Camden Henry Chattooga Gwinnett Gwinnett Thomas DeKalb Burke Troup Cherokee

NATIONAL BANKS* (Amounts in Thousands)
NAME OF BANK
The First National Bank & Trust Company Century South Bank of Central Georgia, N.A. Southern National Bank First National Bank of the South The National Bank of Walton County Fidelity National Bank First Security National Bank Peachtree National Bank The Citizens National Bank of Quitman Century South Bank of the Coastal Region, N.A. The Savannah Bank, National Association First National Bank of Effingham Cumberland National Bank First National Bank Eagle National Bank First National Bank of Chattooga County First National Bank of Johns Creek Quantum National Bank Thomasville National Bank Mountain National Bank First National Bank of Waynesboro First National Bank of West Point First National Bank of Cherokee

2000 Annual Report

BEGIN BUSINESS
01/01/1902 10/30/1992 12/21/1998 07/03/1989 12/31/1891 02/12/1974 06/25/1985 09/11/1986 08/25/1934 04/30/1985 08/22/1990 12/07/1989 10/01/1999 07/10/1989 12/02/1997 05/22/1968 09/01/1999 12/27/1995 10/02/1995 08/02/1988 01/01/1905 01/13/1906 11/27/1989

TOTAL **ASSETS
302,994 244,732 94,015 102,328 167,365 948,287 92,540 217,329 59,842 213,342 237,189 65,157 32,649 90,470 49,372 40,102 46,699 96,722 140,665 216,219 75,923 152,610 162,996

**Information as of 12/31/2000 -31-

2000 Annual Report

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME
MONTGOMERY COUNTY BANKSHARES, INC. *Montgomery County Bank

CITY
Ailey Ailey

APPROVED 01/27/1987

COMMUNITY CAPITAL BANCSHARES, INC. *Albany Bank & Trust, National Association

Albany Albany

04/12/1999

FOUR COUNTY BANCSHARES, INC. *The Four County Bank Peoples State Bank

Allentown Allentown Jeffersonville

02/14/1989

FIRST BANK SHARES OF THE SOUTH EAST, INC. *The First National Bank of Alma

Alma Alma

06/11/1985

SOUTH BANKING COMPANY *Alma Exchange Bank & Trust Peoples State Bank & Trust Citizens State Bank Pineland State Bank

Alma Alma Baxley Kingsland Metter

11/20/1980

CNB HOLDINGS, INC. *Chattahoochee National Bank

Alpharetta Alpharetta

05/27/1998

FIRST COLONY BANCSHARES, INC. *First Colony Bank

Alpharetta Alpharetta

06/06/1988

INTEGRITY BANCSHARES, INC. *Integrity Bank

Alpharetta Alpharetta

07/28/2000

NET.B@NK, INC. Net.B@nk

Alpharetta Alpharetta

04/12/1999

COMMUNITY NATIONAL BANCORPORATION *Community National Bank Cumberland National Bank First National Bank

Ashburn Ashburn St. Marys Tarpon Springs, FL

02/19/1990

FIRST AMERICAN BANCORP *First American Bank and Trust Company

Athens Athens

04/02/1986

NBG BANCORP, INC. *The National Bank of Georgia

Athens Athens

03/17/2000

BROADSTREET, INC. *AmTrade International Bank of Georgia

Atlanta Atlanta

03/04/1993

BUCKHEAD COMMUNITY BANCORP, INC. *The Buckhead Community Bank, NA

Atlanta Atlanta

01/27/1998

CAPITOL CITY BANCSHARES, INC. *Capitol City Bank & Trust Company

Atlanta Atlanta

09/16/1998

CITIZENS BANCSHARES CORP. *Citizens Trust Bank

Atlanta Atlanta

07/01/1976

* Lead Bank

** Registered Holding Companies Only -32-

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME
COMMUNITY FINANCIAL SERVICES, INC. *The Bankers Bank

CITY
Atlanta Atlanta

APPROVED 11/18/1985

EBANK.COM, INC. *ebank

Atlanta Atlanta

05/27/1998

FIDELITY NATIONAL CORPORATION *Fidelity National Bank

Atlanta Norcross

12/18/1979

NEWTON FINANCIAL MANAGEMENT COMPANY WILLIAMS PARTNERS, L.P. FNB NEWTON BANKSHARES, INC. *First Nation Bank

Atlanta Atlanta Covington Covington

12/24/1997 12/24/1997 11/30/1984

SUMMIT BANK CORPORATION *The Summit National Bank

Atlanta Atlanta

09/11/1987

SUNTRUST BANKS, INC. SUNTRUST BANK HOLDING COMPANY *SunTrust Bank

Atlanta Orlando, FL Atlanta

01/11/1985 10/19/1999

UNITED AMERICAS BANCSHARES, INC. *United Americas Bank, National Association

Atlanta Atlanta

07/07/1999

GEORGIA BANK FINANCIAL CORPORATION *Georgia Bank & Trust Company of Augusta

Augusta Augusta

11/27/1991

GEORGIA-CAROLINA BANCSHARES, INC. *First Bank of Georgia

Augusta Thomson

05/06/1997

PORT CITY HOLDING COMPANY, INC. *The First Port City Bank

Bainbridge Bainbridge

08/11/1981

UNITED BANK CORPORATION *United Bank

Barnesville Zebulon

11/25/1981

ALABAMA NATIONAL BANCORPORATION *National Bank of Commerce of Birmingham Georgia State Bank

Birmingham, AL Birmingham, AL Mableton

08/28/1998

AMSOUTH BANCORPORATION *AmSouth Bank

Birmingham, AL

**

Birmingham, AL

REGIONS FINANCIAL CORPORATION *Regions Bank

Birmingham, AL

**

Birmingham, AL

SOUTHTRUST CORPORATION *SouthTrust Bank

Birmingham, AL

**

Birmingham, AL

PEOPLES BANKING CORPORATION *Peoples Bank

Blackshear Blackshear

02/28/1990

UNITED COMMUNITY BANKS, INC. Bank of Adairsville
*United Community Bank

Blairsville Adairsville Blairsville

02/04/1988

* Lead Bank

** Registered Holding Companies Only -33-

2000 Annual Report

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME UNITED COMMUNITY BANKS, INC. (Continued)
Peoples Bank of Fannin County First Clayton Bank & Trust White County Bank Dawson County Bank Towns County Bank Carolina Community Bank Independent Bank & Trust Company 1st Floyd Bank
EARLY BANCSHARES, INC. *Bank of Early
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 *First National Bank of Georgia
NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC. *North Georgia National Bank
CAMILLA BANCSHARES, INC. *Bank of Camilla
P & C BANK SHARES, INC. *Planters & Citizens Bank
CHEROKEE BANKING COMPANY, INC. *Cherokee Bank, National Association
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
UNITY HOLDINGS, INC. *Unity National Bank

CITY Blairsville Blue Ridge Clayton Cleveland Dawsonville Hiawassee Murphy, NC Powder Springs Rome
Blakely Blakely
Blakely Blakely Blakely Donalsonville
Brunswick Brunswick
Buchanan Buchanan
Calhoun Calhoun
Camilla Camilla
Camilla Camilla
Canton Canton
Carnesville Carnesville Toccoa
Carrollton Carrollton
Carrollton Carrollton
Carrollton Carrollton
Cartersville Cartersville
Cartersville Cartersville

APPROVED 02/04/1988
02/02/1993 11/04/1996 06/13/1986
04/28/1988 03/06/1984 05/17/2000 03/24/1992 12/30/1980 06/11/1999 04/13/1981
06/10/1997 12/18/1996 08/12/1985 04/28/1983 05/15/1998

* Lead Bank

** Registered Holding Companies Only -34-

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME
FIRST POLK BANKSHARES, INC. *The First National Bank of Polk County
BELK, INC. *Belk National Bank
BANK OF AMERICA CORPORATION *Bank of America, National Association
THE CATO CORPORATION *Cedar Hill National Bank
FIRST UNION CORPORATION *First Union National Bank First Union Direct Bank, National Association
FIRST CHATSWORTH BANCSHARES, INC. *The First National Bank of Chatsworth
FIRST SECURITY GROUP, INC. *Frontier Bank Dalton Whitfield Bank
SOUTHERN BANCSHARES, INC. *The Claxton Bank
TIPPINS BANKSHARES, INC. *Tippins Bank & Trust Company
LIBERTY BANCORP OF GEORGIA, INC. *Rabun County Bank The Gordon Bank
PEOPLES COMMUNITY BANCSHARES, INC. *Peoples Community Bank Peoples Community Bank Peoples Community Bank
TB&C BANCSHARES, INC. SYNOVUS FINANCIAL CORP. OF ALABAMA Community Bank and Trust of Southeast Alabama SYNOVUS FINANCIAL CORP. Security Bank and Trust Company of Albany Bank of North Georgia Sumter Bank and Trust Company Athens First Bank & Trust Company The Coastal Bank of Georgia Georgia Bank & Trust Citizens Bank and Trust of West Georgia Cohutta Banking Company The Citizens Bank of Cochran *Columbus Bank and Trust Company pointpathbank, N.A. Citizens & Merchants State Bank First Coast Community Bank

CITY
Cedartown Cedartown

APPROVED 05/20/1986

Charlotte, NC

**

Lawrenceville

Charlotte, NC

**

Charlotte, NC

Charlotte, NC

**

Lawrenceville

Charlotte, NC

**

Charlotte, NC

Augusta

Chatsworth Chatsworth

03/03/1983

Chattanooga, TN Chattanooga, TN Dalton

08/27/1999

Claxton Claxton

03/30/1998

Claxton Claxton

01/20/1998

Clayton Clayton Gordon

05/12/1983

Colquitt Colquitt Columbia, AL Malone, FL

04/09/1991

Columbus Birmingham, AL Fort Rucker, AL Columbus Albany Alpharetta Americus Athens Brunswick Calhoun Carrollton Chatsworth Cochran Columbus Columbus Douglasville Fernandina Beach, FL

08/25/1986 10/04/1988
07/01/1976

* Lead Bank

** Registered Holding Companies Only -35-

2000 Annual Report

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME
SYNOVUS FINANCIAL CORP. (Continued) The Citizens Bank Bank of Hazlehurst Commercial Bank & Trust Company of Troup County Charter Bank and Trust Co. 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 Mountain National Bank First State Bank and Trust Company of Valdosta Vanguard Bank and Trust Company CB&T Bank of Middle Georgia
COLUMBUS BANK AND TRUST COMPANY Synovus Trust Company
SYNOVUS TRUST COMPANY *Synovus Trust Company of Florida

CITY
Columbus Fort Valley Hazlehurst LaGrange Marietta Monroe Newnan Peachtree City Pensacola, FL Phenix City, AL Quincy, FL Rome Statesboro Sumter, SC Tallahassee, FL Thomasville Tifton Tucker Valdosta Valparaiso, FL Warner Robins Columbus Columbus Columbus Pensacola, FL

APPROVED 07/01/1976
01/03/1995 04/15/1999

NBANK.CORP, INC. *The First National Bank of Commerce

Commerce Commerce

10/27/1981

ROCKDALE NATIONAL BANKSHARES, INC. *Rockdale National Bank

Conyers Conyers

08/28/1997

MID STATE BANKS, INC. PlantersFIRST

Cordele Cordele

03/05/1980

COMMUNITY BANKSHARES, INC. *Community Bank & Trust Community Bank and Trust - Troup Community Bank and Trust

Cornelia Cornelia LaGrange Union Springs, AL

03/12/1981

HABERSHAM BANCORP *Habersham Bank
CB FINANCIAL CORP. *Citizens Bank

Cornelia Clarkesville Warrenton Warrenton

12/05/1984 01/09/1986

TCB BANCSHARES, INC. *The Commercial Bank

Crawford Crawford

08/10/1989

FORSYTH BANCSHARES, INC. *The Citizens Bank of Forsyth County

Cumming Cumming

10/15/1996

CENTURY SOUTH BANKS, INC. Century South Bank of Fannin County, N.A. Century South Bank of Polk County
*Century South Bank of Dahlonega Century South Bank of Danielsville
* Lead Bank -36-

Dahlonega Blue Ridge Copperhill, TN Dahlonega Danielsville

04/20/1982

** Registered Holding Companies Only

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME
CENTURY SOUTH BANKS, INC. (Continued) Century South Bank of Dawsonville Century South Bank of Ellijay Century South Bank of Northeast Georgia, N.A. Century South Bank of Lavonia Century South Bank of Central Georgia, N.A. Century South Bank of the Coastal Region, N.A. Century South Bank of the Carolinas, FSB
INDEPENDENT BANCORP, INC. Century South Bank of Alabama
FBD HOLDING COMPANY *First Bank of Dalton

CITY
Dahlonega Dawsonville Ellijay Gainesville Lavonia Macon Savannah Waynesville, NC Oxford, AL Oxford, AL
Dalton Dalton

APPROVED 04/20/1982
02/26/1999 04/17/1995

SOUTHEASTERN BANKING CORPORATION *Southeastern Bank

Darien Darien

04/14/1981

DAWSON BANCSHARES, INC. *Bank of Dawson

Dawson Dawson

09/19/1983

CHESTATEE BANCSHARES, INC. *Chestatee State Bank

Dawsonville Dawsonville

01/11/2000

DECATUR FIRST BANK GROUP, INC. *Decatur First Bank

Decatur Decatur

03/11/1997

FNC BANCORP, INC. *First National Bank of Coffee County

Douglas Douglas

03/19/1991

FIRST DEPOSIT BANCSHARES, INC. *Douglas Federal Bank, A Federal Savings Bank

Douglasville Douglasville

05/04/1999

THORNTON HOLDING COMPANY, INC. *Douglas County Bank

Douglasville Douglasville

12/17/1981

FARMERS BANCSHARES, INC. *Farmers State Bank The Security State Bank

Dublin Cadwell McRae

07/24/1979

MORRIS STATE BANCSHARES, INC. *The Morris State Bank

Dublin Dublin

05/24/1989

EMBRY BANKSHARES, INC. *Embry National Bank

Duluth Lawrenceville

11/12/1987

THE PB FINANCIAL SERVICES CORPORATION *The Peachtree Bank

Duluth Duluth

05/21/1999

CITIZENS CORPORATION *Citizens Bank & Trust Company

Eastman Eastman

01/15/1985

JESSUP FAMILY LIMITED PARTNERSHIP MAGNOLIA MIDLANDS BANKSHARES, INC. *Bank of Eastman

Eastman Eastman Eastman

04/17/1990 08/08/1996

* Lead Bank

** Registered Holding Companies Only -37-

2000 Annual Report

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME
PEOPLES BANKSHARES, INCORPORATED *The Peoples Bank

CITY
Eatonton Eatonton

APPROVED 02/17/1984

PUTNAM-GREENE FINANCIAL CORPORATION *Farmers & Merchants Bank First Bank of Coastal Georgia The Farmers Bank

Eatonton Eatonton Pembroke Union Point

04/03/1987

BOE BANCSHARES, INC. *The Bank of Edison

Edison Edison

03/05/1984

MCCONNELL & CO., AND EBERHARDT, INC. JAM FAMILY PRTSHP I, LP, & JAM FAMILY PRTSHP II, LP PINNACLE FINANCIAL CORPORATION *Pinnacle Bank, National Association

Elberton Elberton Elberton Elberton

12/23/1993 12/23/1993 04/01/1983

MIDDLE GEORGIA CORPORATION *Bank of Ellaville
CBA BANKSHARES, INC. *Citizens Bank of Americus

Ellaville Ellaville Americus Americus

05/08/1981 05/27/1992

APPALACHIAN BANCSHARES, INC. Appalachian Community Bank
*Gilmer County Bank

Ellijay Blairsville Ellijay

07/12/1996

FAIRBANCO HLDG CO INC EMPLOYEE STOCK OWNERSHIP PLAN FAIRBANCO HOLDING COMPANY, INC. *Fairburn Banking Company

Fairburn Fairburn Fairburn

11/30/1994 06/11/1984

CBC HOLDING COMPANY *Community Banking Company of Fitzgerald

Fitzgerald Fitzgerald

02/20/1997

COLONY BANKCORP, INC. Colony Bank Ashburn Colony Bank Southeast Colony Bank of Dodge County
*Colony Bank of Fitzgerald Colony Bank Wilcox Colony Bank Worth

Fitzgerald Ashburn Broxton Eastman Fitzgerald Rochelle Sylvester

04/15/1983

FIRST NATIONAL CORPORATION *First National Bank

Folkston Folkston

07/17/1995

COUNTRY BANK COMPANY *Monroe County Bank

Forsyth Forsyth

02/25/1982

HOGAN INVESTMENTS, INC. HOGAN INVESTMENTS LIMITED LAURENS BANCSHARES, INC. *Bank of Dudley

Forsyth Forsyth Dudley Dudley

02/27/1998 02/27/1998 02/27/1998

CATOOSA BANCSHARES, INC. *Capital Bank

Fort Oglethorpe Fort Oglethorpe

12/15/1980

* Lead Bank

** Registered Holding Companies Only -38-

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME GB&T BANCSHARES, INC.
*Gainesville Bank & Trust United Bank & Trust Company
FIRST CITIZENS BANKSHARES, INC. *First Citizens Bank
SOUTH GROUP BANCSHARES, INC. *South Georgia 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
FIRST DATA CORPORATION FIRST FINANCIAL MANAGEMENT CORPORATION CESI HOLDINGS FD MERCHANT SERVICES CORP. *First Financial Bank
CCB BANCSHARES, INC. *Citizens Community Bank
SUNMARK BANCSHARES, 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 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

CITY Gainesville Gainesville Rockmart
Glennville Glennville
Glennville Glennville
Greensboro Greensboro
Greenville Greenville
Griffin Barnesville Griffin
Hackensack, NJ Atlanta Atlanta Sunrise, FL Atlanta
Hahira Hahira
Hawkinsville Hawkinsville
Hiawassee Hiawassee
Hinesville Hinesville
Hinesville Hinesville
Hiram Hiram
Jackson Jackson
Jackson Jackson
Jasper Jasper
Jasper Jasper

APPROVED 04/22/1998
12/16/1980 12/17/1999 06/17/1985 07/18/1996 01/17/1983
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 12/03/1996 04/24/1991 04/03/1992 07/10/1985

* Lead Bank

** Registered Holding Companies Only -39-

2000 Annual Report

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME CCF HOLDING COMPANY
*Heritage Bank
MAIN STREET BANKS, INC. *Main Street Bank
LAFAYETTE BANKSHARES, INC. *The Bank of LaFayette, Georgia
FLAG FINANCIAL CORPORATION *FLAG Bank
FMB BANCSHARES, INC. *Farmers and Merchants Bank The United Banking Company
FIRST SECURITY BANKSHARES, INC. *Northeast Georgia Bank
GBC BANCORP, INC. *Gwinnett Banking Company
GWINNETT COMMERCIAL GROUP, INC. *First Bank of Gwinnett
ROBINSON BANCSHARES, INC. *Bank of Lenox
LINCOLN BANCSHARES, INC. *Farmers State Bank
PERSONS BANKING COMPANY, INC. *The Peoples Bank The Bank of Perry Spivey State Bank
THE QUEENSBOROUGH CORPORATION *The First National Bank & Trust Company
SOUTH GEORGIA BANKSHARES CORP. *Peoples Bank
SNB BANCSHARES, INC. *Security Bank of Bibb County Security Bank of Houston County
MADISON BANK CORP *Bank of Madison
F AND M HOLDING COMPANY, INC. *F & M Bank and Trust Company
ABS INVESTORS, LLC RIVERSIDE BANCSHARES, INC. *Riverside Bank

CITY Jonesboro Jonesboro
Kennesaw Covington
LaFayette LaFayette
LaGrange Vienna
Lakeland Lakeland Nashville
Lavonia Lavonia
Lawrenceville Lawrenceville
Lawrenceville Lawrenceville
Lenox Lenox
Lincolnton Lincolnton
Lithonia Lithonia Perry Swainsboro
Louisville Louisville
Lyons Lyons
Macon Macon Perry
Madison Madison
Manchester Manchester
Marietta Marietta Marietta

APPROVED 05/12/1995 07/05/1994 01/03/1984 02/23/1994 10/11/1984
11/15/1983 04/15/1997 02/01/2000 10/19/1998 12/03/1984 08/22/1980
11/18/1985 12/17/1980 08/16/1994
07/10/1985 12/14/1984 01/11/1996 12/22/1988

* Lead Bank

** Registered Holding Companies Only -40-

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME SOUTHERN BANCORP, INC.
*Southern National Bank
NATIONAL COMMERCE BANCORPORATION *NBC Bank, FSB
BALDWIN BANCSHARES, INC. *First National Bank of the South
CENTURY BANCORP, INC. *Century Bank and Trust
EXCHANGE BANKSHARES, INC. *Exchange Bank
U.S. BANCORP U.S. Bank Trust, National Association
HOME TOWN BANKING CORPORATION *Walton Bank & Trust Co.
THE COLONIAL BANCGROUP, INC. *Colonial Bank
MONTICELLO BANCSHARES, INC. *Bank of Monticello
FMB BANKING CORPORATION *Farmers and Merchants Bank
ROYAL BANK OF CANADA RBC HOLDINGS (DELAWARE) INC. *Security First Network 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

CITY Marietta Marietta
Memphis, TN Memphis, TN
Milledgeville Milledgeville
Milledgeville Milledgeville
Milledgeville Milledgeville
Minneapolis, MN Atlanta
Monroe Monroe
Montgomery, AL Montgomery, AL
Monticello Monticello
Monticello, FL Monticello, FL
Montreal, Canada Wilmington, DE Atlanta
Moultrie Albany Cairo Cordele Donalsonville Moultrie Quitman Thomasville Tifton
Moultrie Moultrie
Mount Vernon Mount Vernon
Nashville Adel Nashville

APPROVED 10/06/1998 ** 02/14/1989 02/22/1993 10/05/1983 ** 05/17/2000 ** 05/01/1996 ** 10/16/1998 10/06/1998 03/23/1981
11/18/1980 09/08/1995 05/16/1985

* Lead Bank

** Registered Holding Companies Only -41-

2000 Annual Report

Georgia Department of Banking and Finance

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA *The Prudential Bank and Trust Company The Prudential Savings Bank, FSB

CITY
Newark, NJ Atlanta Atlanta

APPROVED 06/27/1983

CITIGROUP, INC. Universal Bank, National Association

New York, NY

**

Columbus

FIRST CAPITAL BANCORP, INC. *First Capital Bank

Norcross Norcross

06/28/1993

FIRST SECURITY CORPORATION ESOP 401(K) PROVISIONS FIRST SECURITY CORPORATION *First Security National Bank

Norcross Norcross Norcross

05/12/1997 09/14/1989

SOUTHERN HERITAGE BANCORP, INC. *Southern Heritage Bank

Oakwood Oakwood

04/28/1998

FIRST NATIONAL OF NEBRASKA, INC. INFICORP HOLDINGS, INC. *InfiBank

Omaha, NE Atlanta Atlanta

07/05/2000 07/23/1997

SOUTH GEORGIA BANK HOLDING COMPANY *South Georgia Banking Company

Omega Omega

01/19/1999

PATTERSON BANKSHARES, INC. *The Patterson Bank

Patterson Patterson

01/17/1986

SUM FINANCIAL CORPORATION *The Citizens Exchange Bank

Pearson Pearson

11/23/1998

PBC BANCSHARES, INC. *Pelham Banking Company

Pelham Pelham

10/25/1990

FIRST PEOPLES BANKSHARES, INC. *First Peoples Bank

Pine Mountain Pine Mountain

07/12/1995

QUITMAN BANCORP, INC. *Quitman Federal Savings Bank

Quitman Quitman

02/25/1998

FIRST CITIZENS BANCSHARES, INC. Atlantic States Bank

Raleigh, NC

**

Fort Myers, FL

TATTNALL BANCSHARES, INC. *The Tattnall Bank

Reidsville Reidsville

03/03/1986

GEORGIA COMMUNITY BANCORP, INC. Bank of Terrell Commercial State Bank
*The Citizens State Bank of Taylor County

Reynolds Dawson Donalsonville Reynolds

10/25/1984

CIRCUIT CITY STORES, INC. *First North American National Bank

Richmond, VA Kennesaw

07/27/1990

GATEWAY BANCSHARES, INC. *Gateway Bank & Trust
* Lead Bank

Ringgold Ringgold

02/29/1996

** Registered Holding Companies Only -42-

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME NW SERVICES CORPORATION
*Northwest Georgia Bank
CENTURA BANKS, INC. CENTURA BANK *Centura Card Bank
GREATER ROME BANCSHARES, INC. *Greater Rome Bank
ROSSVILLE BANKSHARES, INC. *Rossville Bank
SARDIS BANKSHARES, INC. *Bank of Burke County
THE SAVANNAH BANCORP, INC. Bryan Bank & Trust
*The Savannah Bank, National Association
FMCB HOLDINGS, INC. *Farmers and Merchants Community Bank
GEORGIA CENTRAL BANCSHARES, INC. *Georgia Central Bank
SOPERTON NAVAL STORES, INC. SOPERTON BANCSHARES, INC. *The Bank of Soperton
CITIZENS EFFINGHAM BANCSHARES, INC. *Citizens Bank of Effingham
GOLDEN ISLES FINANCIAL HOLDINGS, INC. *The First Bank of Brunswick
FIRST NATIONAL BANC, INC. *First National Bank
GENERAL ELECTRIC COMPANY *Monogram Credit Card Bank of Georgia
FMB EQUIBANC, INC. *Farmers & Merchants Bank
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
* Lead Bank -43-

CITY
Ringgold Ringgold

APPROVED 12/14/1983

Rocky Mount, NC Rocky Mount, NC Norcross

04/20/2000 04/20/2000

Rome Rome

03/27/1995

Rossville Rossville

08/13/1984

Sardis Sardis

11/05/1986

Savannah Richmond Hill Savannah

07/09/1990

Senoia Senoia

02/23/1998

Social Circle Social Circle

09/06/1984

Soperton Soperton Soperton

07/01/1992 08/26/1988

Springfield Springfield

11/10/1997

St Simons Island Brunswick

05/05/1989

St. Marys St. Marys

07/17/1996

Stamford, CT

**

Atlanta

Statesboro Statesboro

07/18/2000

Stockbridge Stockbridge

03/07/1983

Suwanee Suwanee

12/18/1995

Swainsboro Swainsboro

05/27/1992

Sylvania Sylvania

10/15/1990

** Registered Holding Companies Only

2000 Annual Report

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME FIRST BANK HOLDING COMPANY
*Sylvester Banking Company
CAPITAL CITY BANK GROUP, INC. *First National Bank of Grady County

CITY Sylvester Sylvester
Tallahassee, FL Cairo

APPROVED 08/22/1983
04/08/1999

UPSON BANKSHARES, INC. *Bank of Upson

Thomaston Thomaston

10/23/1996

WCG BANCSHARES, INC. *West Central Georgia Bank

Thomaston Thomaston

12/10/1982

THOMASVILLE BANCSHARES, INC. *Thomasville National Bank

Thomasville Thomasville

08/22/1995

TAG BANCSHARES, INC. *Citizens Bank & Trust

Trenton Trenton

06/28/1991

TRI-STATES BANKSHARES, INC. *Bank of Dade

Trenton Trenton

04/27/1982

SUMMERVILLE/TRION BANCSHARES, INC. *First National Bank of Chattooga County

Trion Summerville

02/14/1986

EAGLE BANCSHARES, INC. *Tucker Federal Bank

Tucker Tucker

01/24/1986

DURDEN BANKSHARES, INC. *Durden Banking Company, Incorporated

Twin City Twin City

02/07/1996

ALTAMAHA BANCSHARES, INC. *Altamaha Bank and Trust Company

Uvalda Uvalda

11/03/1980

PAB BANKSHARES, INC. Farmers & Merchants Bank First Community Bank of Southwest Georgia Baxley Federal Bank FriendshipCommunity Bank Eagle Bank and Trust
*The Park Avenue Bank

Valdosta Adel Bainbridge Baxley Ocala, FL Statesboro Valdosta

08/02/1982

THE LANGDALE COMPANY LANGDALE INDUSTRIES, INC. LOWNDES BANCSHARES, INC. *Commercial Banking Company

Valdosta Valdosta Hahira Hahira

10/19/1995 10/19/1995 09/16/1985

DBT HOLDING COMPANY *Darby Bank & Trust Co.

Vidalia Vidalia

01/26/1990

DOOLY BANCSHARES, INC. *Bank of Dooly

Vienna Vienna

04/03/1985

WASHINGTON/WILKES HOLDING COMPANY *Farmers and Merchants Bank

Washington Washington

03/20/1986

* Lead Bank

** Registered Holding Companies Only -44-

Georgia Department of Banking and Finance
BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

2000 Annual Report

NAME
OCONEE FINANCIAL CORPORATION *Oconee State Bank

CITY
Watkinsville Watkinsville

APPROVED 10/13/1998

JONES BANCSHARES, L.P. PRIMESOUTH BANCSHARES, INC. *The Blackshear Bank

Waycross Blackshear Blackshear

10/29/1993 12/18/1990

WB&T BANKSHARES, INC. *Waycross Bank & Trust

Waycross Waycross

11/22/1989

FIRST BURKE BANKING COMPANY *First National Bank of Waynesboro

Waynesboro Waynesboro

02/26/1986

FIRST BANKSHARES OF WEST POINT, INC. First National Bank of West Point

West Point West Point

07/13/1983

ATKINSON COUNTY BANKSHARES CORPORATION *The Peoples Bank

Willacoochee Willacoochee

09/18/1980

REEDS JEWELERS, INC. *First Retail Bank, National Association

Wilmington, NC Flowery Branch

01/18/2000

PEOPLES HOLDING COMPANY *The Peoples Bank

Winder Winder

11/17/1983

BB&T CORPORATION *Branch Bank and Trust Company First National Bank of Northwest Georgia BB&T Bankcard Corporation Hardwick Bank & Trust Company Wayne National Bank Metter Banking Company First National Bank of Effingham First Bulloch Bank & Trust Company

Winston-Salem, NC Winston-Salem, NC Calhoun Columbus Dalton Jesup Metter Springfield Statesboro

05/26/1998

WACHOVIA CORPORATION *Wachovia Bank, National Association

Winston-Salem, NC

**

Winston-Salem, NC

WOODBURY BANCSHARES, INC. *The Woodbury Banking Company

Woodbury Woodbury

12/08/1983

TSB BANCORP, INC. *Talbot State Bank

Woodland Woodland

05/02/1988

FIRST CHEROKEE BANCSHARES, INC. *First National Bank of Cherokee

Woodstock Woodstock

12/20/1988

UNITED SECURITY BANCSHARES, INC. *United Security Bank

Woodstock Sparta

02/21/1984

CSRA BANK CORP. *First State Bank

Wrens Wrens

05/14/1990

WRIGHTSVILLE BANCSHARES, INC. Knight State Bank
*Bank of Wrightsville
* Lead Bank

Wrightsville Dexter Wrightsville

11/03/1986

** Registered Holding Companies Only -45-

2000 Annual Report

Georgia Department of Banking and Finance

REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS
FOR CALENDAR YEARS ENDING DECEMBER 31, 2000 AND DECEMBER 31, 1999
(AMOUNTS IN THOUSANDS)

ASSETS: Cas h Total Investments Total Loans (Less: Allowance for Loan Losses)
Net Loans Land & Building Other Fixed Assets
Total Fixed Assets Other Real Estate Owned Other Assets Total Assets Corporate Credit Union
GRAND TOTAL (with Corporate Credit Union)

12/31/2000 82,102
1,967,236 2,889,587
(19,058)
2,870,529 26,143 11,953
38,096 277
45,017 5,003,257
841,623
5,844,880

LIABILITIES: Total Member Shares & Deposits

4,312,370

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

4,621 3,017 25,333
32,971

EQUITY: Accumulated Unrealized Gains(Losses) on Available for Sale Securities Regular Reserves Other Reserves Undivided Earnings
Total Equity

(181) 160,598
3,562 493,937
657,916

Total Liabilities, Shares and Equity Corporate Credit Union GRAND TOTAL (with Corporate Credit Union)

5,003,257 841,623
5,844,880

Number of Credit Unions at Year-end

80

12/31/1999 261,880
1,936,551 2,454,991
(16,740) 2,438,251
14,740 13,019 27,759
334 37,878 4,702,653 750,571 5,453,224
4,080,219
2,507 2,456 19,829 24,792
(4,525) 146,579
4,929 450,659 597,642
4,702,653 750,571
5,453,224
81

At year-end 2000, there were 144 federal credit unions with total assets of approximately $3.8 billion. -46-

Georgia Department of Banking and Finance

2000 Annual Report

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED CREDIT UNIONS FOR CALENDAR YEARS ENDING
DECEMBER 31, 2000 AND DECEMBER 31, 1999
(AMOUNTS IN THOUSANDS)

OPERATING INCOME: Interest and Fees on Loans Income from Investments Income (Loss) from Trading Securities Other Operating Income Total Gross Income
OPERATING EXPENSES: Employee Compensation and Benefits Office Occupancy and Office Operations Expenses Education and Promotional Expenses Loan Servicing Expenses Professional and Outside Services Provision for Loan Loss Expense 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 COST OF FUNDS
Interest on Borrowed Money Dividends on Shares Interest on Deposits
NET INCOME (LOSS) AFTER COST OF FUNDS Required Transfer to Regular Reserves
NET INCOME (LOSS) AFTER REQUIRED RESERVE TRANSFER Additional Transfers to Reserve Accounts
ADJUSTED NET INCOME (LOSS)

12/31/2000 229,297 120,175 34,841 384,313
55,109 31,578 2,436 4,971 11,290 11,096 8,879 125,359
258,954
(74) 27 108 259,015
321 155,264 47,133
56,297 13,869
42,428 -
42,428

12/31/1999 194,033 116,772 94 30,949 341,848
51,153 30,220 2,060 4,778 7,696 8,479 7,910 112,296
229,552
(63) 15 85 229,589
21 137,095 37,823
54,650 10,986
43,664 3,501
40,163

NOTE: Figures above do not include the Corporate Credit Union's Adjusted Net Income. -47-

2000 Annual Report
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 Augusta Augusta Augusta Bainbridge Baldwin Cartersville Columbus Coosa Cordele Cornelia Douglas Dry Branch Duluth East Point East Point Ellenwood Fayetteville

Georgia Department of Banking and Finance

STATE-CHARTERED CREDIT UNIONS

COUNTY NAME OF CREDIT UNION

Dougherty Fulton Clarke Clarke Clarke DeKalb DeKalb DeKalb Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Richmond Richmond Richmond Decatur Banks Bartow Muscogee Floyd Crisp Habersham Coffee Twiggs Gwinnett Fulton Fulton Clayton Fayette

Albany Federal Employees Credit Union Mission Partners Employees Credit Union Dairy-Pak Athens Credit Union Educators' Credit Union Georgia Power Northeast Credit Union Associated & Federal Employees Credit Union GTA Credit Union Mutual Savings Credit Union 1st Choice Credit Union Atlanta City Employees Credit Union Atlanta Postal Credit Union Cleaners Credit Union CONSTAR Credit Union Delta Employees Credit Union Georgia Department of Public Safety Credit Union Georgia DOT Credit Union Georgia State Dept. of Education Credit Union,(The) Georgia Telco Credit Union GPC Credit Association Human Services Employees' Credit Union IBEW Local 613 Credit Union Mead Employees Credit Union Pinnacle Credit Union Rich's Employees Credit Union State Employees' Credit Union The Thrift Credit Union Health Center Credit Union King Mill Savings & Credit Association Richmond Co.Health Dept. Employees Credit Union Three Rivers Credit Union Fieldale Credit Union All Star Credit Union Tom's Credit Association Rome Kraft Employees Credit Union Harris Employees Credit Union Ethicon Credit Union CRMC Employees Credit Union Dry Branch Credit Union Georgia Central Credit Union East Point Municipal Employees Credit Union Fulton Teachers Credit Union American Heritage Credit Union Tara Credit Union

BEGIN TOTAL BUSINESS **ASSETS

12/14/1933 15,316

02/12/1973 11,110

03/25/1957

332

05/18/1959

687

03/07/1929

9,523

03/31/1930 561,900

01/06/1976

7,879

12/23/1933 41,661

05/15/1946 13,608

08/30/1928 28,117

11/03/1925 1,059,605

04/01/1972

3,528

01/14/1975

1,140

03/08/1940 1,687,474

06/22/1970

8,886

11/19/1951 23,465

03/15/1954

7,110

11/30/1943 735,859

06/27/1974 27,076

07/30/1951 15,532

08/13/1980

3,311

04/30/1928

5,451

11/17/1926 61,037

03/04/1938 29,892

11/14/1961 95,927

10/24/1928 12,898

03/10/1976 23,562

06/30/1927

6,371

12/22/1952

386

03/01/1975

5,520

11/24/1980

6,984

11/26/1926

9,662

12/14/1982

7,534

03/31/1955 13,064

05/20/1947

1,156

02/19/1979

6,407

04/11/1972

1,067

01/08/1951

2,359

05/01/1936 841,623

03/06/1941

1,255

12/02/1930 37,089

12/15/1980 13,980

01/25/1971 38,895

**Amounts are in Thousands as of 12/31/2000 -48-

Georgia Department of Banking and Finance
STATE-CHARTERED CREDIT UNIONS

CITY

COUNTY

Ft. McPherson Fulton

Garden City

Chatham

Glynco

Glynn

Hapeville

Fulton

Hazlehurst

Jeff Davis

LaFayette

Walker

Macon

Bibb

Macon

Bibb

Macon

Bibb

Macon

Bibb

Macon

Bibb

Macon

Bibb

Macon

Bibb

Macon

Bibb

Marietta

Cobb

Marietta

Cobb

McIntyre

Wilkinson

Milledgeville Baldwin

Milledgeville Baldwin

Montezuma

Macon

Nashville

Berrien

Norcross

Gwinnett

Rome

Floyd

Rome

Floyd

Savannah

Chatham

Savannah

Chatham

Savannah

Chatham

Savannah

Chatham

Smyrna

Cobb

St Simons Island Glynn

Statesboro

Bulloch

Thomasville Thomas

Toccoa

Stephens

Toccoa

Stephens

Valdosta

Lowndes

Valdosta

Lowndes

Warner Robins Houston

NAME OF CREDIT UNION
Ft. McPherson Credit Union G. P. A. Credit Union, (The) Glynn County Federal Employees Credit Union Hapeville Auto Employees Credit Union Jeff Davis Credit Union Roper Corporation Employees Credit Union Central Georgia Regional Credit Union City Employees' Credit Union Georgia Guard 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 Chevron Southern Credit Union WellStar 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 Health Employees Chatham County Credit Union Savannah Federal Credit Union Savannah Postal Credit Union Workmen's Circle Credit Union C-MAR Credit Union Sea Island Employees Credit Union CORE Credit Union Flowers Employees Credit League North Georgia Credit Union The Wright Credit Union Southern Pine Credit Union Valdosta Educators Credit Union Combined Employees Credit Union

2000 Annual Report

BEGIN TOTAL BUSINESS **ASSETS

07/23/1948 11/17/1952 04/03/1953 07/09/1982 08/15/1968 05/07/1974 02/10/1972 02/28/1951 11/17/1997 04/18/1942 10/02/1950 07/11/1950 01/31/1949 06/18/1973 11/14/1933 07/01/1981 03/24/1980 08/28/1952 01/06/1958 01/01/1973 01/01/1973 03/08/1937 04/17/1926 12/07/1981 08/01/1955 06/10/1931 06/23/1952 02/06/1950 10/29/1964 06/02/1980 08/01/1974 02/28/1972 04/05/1982 11/18/1963 07/30/1954 01/18/1973 10/09/1969

13,812 5,811
11,397 16,859
6,312 1,004 12,116 2,453 1,606 2,124
504 468 6,689 529 2,896 14,601 506 7,797 1,935 320 8,050 5,176 1,553 39,204 3,543 9,458 11,846 8,278 38,888 20,402 26,097 16,188 12,879 6,863 28,291 5,875 7,309

**Amounts are in Thousands as of 12/31/2000 -49-

2000 Annual Report

Georgia Department of Banking and Finance

CITY
ALBANY ALBANY ALBANY ALBANY ATHENS ATHENS ATHENS ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AVONDALE ESTATE BRUNSWICK BRUNSWICK BRUNSWICK BRUNSWICK BRUNSWICK BRUNSWICK CARTERSVILLE CHATSWORTH

FEDERAL CREDIT UNIONS*

NAME OF CREDIT UNION

YEAR TOTAL CHARTERED **ASSETS

AGE Federal Credit Union Artesian City Federal Credit Union DOCO School Employees Federal Credit Union Federal & State Inspectors Federal Credit Union Clarke Community Federal Credit Union First Reliance Federal Credit Union University Employees Federal Credit Union AHAE Federal Credit Union Allied Family of Companies Federal Credit Union Atlanta Federal Credit Union Atlanta Kemba Federal Credit Union Atlanta Teachers Federal Credit Union Big Bethel A.M.E. Church Federal Credit Union Bond Community Federal Credit Union CDC Federal Credit Union Circle 10 Federal Credit Union Dixsea Federal Credit Union G E M C Federal Credit Union Georgia Federal Credit Union Georgia Methodist Federal Credit Union Georgia Power Federal Credit Union Georgia State University Federal Credit Union Grant Park-S.A.N.D. Federal Credit Union Greater Atlanta Catholic Federal Credit Union Northside Federal Credit Union Phenix Federal Credit Union Piedmont Hospital Federal Credit Union Powerco Federal Credit Union SPC Federal Credit Union The Coca-Cola Company Family Federal Credit Union W and A Federal Credit Union Wheat Street Church Federal Credit Union Yard Wide Federal Credit Union Augusta Industrial Federal Credit Union Augusta Seabord System Federal Credit Union Augusta VAH Federal Credit Union C S R A Federal Credit Union Metro One Federal Credit Union RCT Federal Credit Union Tabernacle Federal Credit Union University Health Federal Credit Union Peach State Federal Credit Union Bestwall Brunswick Federal Credit Union Glynn Brunswick Memorial Hospital Employees Federal Credit Union Glynn Teachers Federal Credit Union GP Brunswick Federal Credit Union Hercules Brunswick Federal Credit Union SeaPak Federal Credit Union Etowah Valley Federal Credit Union Murray County Federal Credit Union

1955

268,817

1950

9,284

1959

45,303

1954

5,416

1969

10,617

1971

5,478

1967

5,647

1954

1,358

1955

3,204

1958

8,773

1966

19,913

1935

7,175

1995

115

1972

25,466

1949

124,993

1961

34,108

1956

3,163

1969

43,655

1958

228,108

1960

9,078

1935

48,442

1972

10,570

1975

1,236

1971

2,262

1970

8,088

1948

29,866

1974

9,289

1935

122,925

1984

519

1965

68,960

1968

4,667

1956

1,375

1966

9,612

1961

31,812

1952

5,993

1953

31,284

1953

35,403

1968

10,722

1963

1,911

1961

130

1959

16,289

1969

13,272

1960

586

1961

1,044

1953

80,552

1940

42,081

1941

15,241

1957

2,034

1970

7,162

1978

1,389

**Amounts are in Thousands as of 12/31/2000 -50-

Georgia Department of Banking and Finance

2000 Annual Report

CITY
CLARKESVILLE CLAYTON COLUMBIA COLUMBUS COLUMBUS COLUMBUS COLUMBUS COLUMBUS COLUMBUS COLUMBUS CONYERS DALTON DALTON DANIELSVILLE DECATUR DECATUR DECATUR DECATUR DECATUR DORAVILLE DOUGLAS DOUGLASVILLE DULUTH EAST POINT EAST POINT ELBERTON ELBERTON FAYETTEVILLE FT BENNING FT. GORDON FT. OGLETHORPE GAINESVILLE GAINESVILLE GRACEWOOD HINESVILLE JASPER JESUP JESUP JONESBORO LAFAYETTE LAWRENCEVILLE LINDALE MACON MACON MACON MACON MACON MACON MARIETTA MARIETTA

FEDERAL CREDIT UNIONS*
NAME OF CREDIT UNION
Habersham County Federal Credit Union Rabun-Tallulah Federal Credit Union Ledger Enquirer Federal Credit Union AFLAC Federal Credit Union Central of Georgia Federal Credit Union GEPCO Federal Credit Union Golden Federal Credit Union M C T E A Federal Credit Union M E A Federal Credit Union Members Alliance Federal Credit Union C&D Conyers Federal Credit Union HMC Employees Federal Credit Union World Federal Credit Union Madison County Georgia Federal Credit Union Emory Federal Credit Union Med Com Federal Credit Union Omega Psi Phi Fraternity Federal Credit Union Platinum Federal Credit Union South DeKalb Church Federal Credit Union Texaco Employees Federal Credit Union Coffee County Teachers Federal Credit Union West Georgia Federal Credit Union State Farm Georgia-South Carolina Federal Credit Union Marta Employees Federal Credit Union Nekoosa Federal Credit Union Elberton Manufacturing Company Federal Credit Union ELCO Federal Credit Union The Southern Federal Credit Union T I C Federal Credit Union Fort Gordon Federal Credit Union Hutcheson Federal Credit Union HALLCO Community Federal Credit Union Lanier Federal Credit Union Gracewood Federal Credit Union Fort Steward Georgia Federal Credit Union PICO Federal Credit Union Altamaha Federal Credit Union Interstate Unlimited Federal Credit Union #1 Federal Credit Union Walker County Educators Federal Credit Union Gwinnett Federal Credit Union BEKA Federal Credit Union Brosnan Yard Federal Credit Union Georgia Power Macon Federal Credit Union HCA Georgia Federal Credit Union Keebler Employees Federal Credit Union Local 461 Federal Credit Union MidSouth Federal Credit Union Lockheed Georgia Employees Federal Credit Union MACO Educators Federal Credit Union

YEAR TOTAL CHARTERED **ASSETS

1978

4,797

1977

492

1955

1,596

1964

49,561

1951

2,389

1935

3,190

1957

316

1964

429

1960

26,497

1934

25,208

1970

192

1958

4,946

1961

2,075

1977

559

1968

67,581

1970

16,231

1986

855

1999

839

1996

2,865

1956

32,833

1964

2,600

1975

3,543

1991

56,266

1935

8,200

1958

390

1960

160

1975

1,622

1963

108,696

1956

137,855

1958

26,149

1955

2,838

1971

25,834

1969

10,567

1961

15,083

1964

44,203

1959

1,293

1955

26,977

1968

13,588

1964

1,206

1971

4,055

1961

39,946

1974

5,317

1976

3,978

1935

2,964

1978

1,095

1973

3,725

1973

1,970

1936

65,593

1951

399,489

1960

82,244

**Amounts are in Thousands as of 12/31/2000 -51-

2000 Annual Report
CITY
MOULTRIE MOULTRIE NASHVILLE NEWNAN NEWNAN NORCROSS OGLETHORPE REYNOLDS RINGGOLD ROCKMART ROME ROME SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SHENANDOAH ST MARYS STATESBORO SWAINSBORO THOMASVILLE THOMASVILLE THOMASVILLE TOCCOA TOCCOA TOCCOA TOCCOA TRENTON VALDOSTA VALDOSTA VALDOSTA WARNER ROBINS WARNER ROBINS WARNER ROBINS WAYCROSS WAYCROSS WAYCROSS YOUNG HARRIS

Georgia Department of Banking and Finance

FEDERAL CREDIT UNIONS*
NAME OF CREDIT UNION
Colquitt County Teachers Federal Credit Union Moultrie Employees Federal Credit Union Berrien Teachers Federal Credit Union Coweta Cities & County Employees Federal Credit Union Newnan Canco Federal Credit Union Excel Federal Credit Union Flint River Employees Federal Credit Union Flint Federal Credit Union Catoosa Teachers Federal Credit Union POCO Federal Credit Union General Electric Employees of Rome Federal Credit Union Georgia Power Northwest Federal Credit Union Candler Federal Credit Union Chatham County School Employees Federal Credit Union Coastal Georgia Federal Credit Union FAB Church Federal Credit Union GA PA Federal Credit Union Georgia Heritage Federal Credit Union Memorial Medical Center Federal Credit Union Mercy Federal Credit Union Savannah Seaboard Federal Credit Union Savastate Teachers Federal Credit Union GDC Federal Credit Union United 1st Federal Credit Union Statesboro Federal Credit Union Piney Grove Community Federal Credit Union Multiple Employee Group Federal Credit Union Rose City Federal Credit Union Unified Singers Federal Credit Union Coats Federal Credit Union Patterson Pump Federal Credit Union Stephens County Community Federal Credit Union Stephens-Franklin Teachers Federal Credit Union DEA Federal Credit Union Georgia Power Valdosta Federal Credit Union LOCOGA Federal Credit Union Southeastern Federal Credit Union H E A Federal Credit Union PWR Federal Credit Union Robins Federal Credit Union ATUSP Federal Credit Union Community United Federal Credit Union Ware County School Employees Federal Credit Union Towns-Union Educators' Federal Credit Union

YEAR CHARTERED
1957 1955 1960 1971 1972 1952 1982 1964 1958 1969 1954 1935 1957 1954 1962 1954 1960 1940 1972 1976 1950 1950 1970 1943 1962 1947 1952 1959 1968 1940 1976 1972 1960 1960 1958 1960 1953 1961 1966 1954 1975 1966 1962 1976

TOTAL **ASSETS
2,250 972 872
8,688 760
62,123 2,251 2,415 8,098
460 68,571 29,271 15,133 10,519 1,425
106 1,396 64,951 4,679 2,505 4,454 1,827 5,580 55,267
809 43 3,992 12,174 1,516 28,155 1,361 50 8,259 519 11,077 2,458 41,706 13,306 298 502,885 115 7,146 2,673 1,900

**Amounts are in Thousands as of 12/31/2000 -52-

Georgia Department of Banking and Finance

2000 Annual Report

SALE OF CHECKS OR MONEY ORDER CORPORATIONS
AS OF DECEMBER 31, 2000

NAME OF LICENSEE ADP Payroll Services, Inc. American Express Travel Related Services Company, Inc. Citicorp & Citicorp Service, Inc. Citicorp Travel Payment Services Comdata Network, Inc. Fidelity Express Money Order Company Financial Express Money Order (FFP) Global Express Money Orders, Inc. Integrated Payment Systems, Inc. Interpayment Services Limited MoneyGram Payment Systems, Inc. National Bonded Money Order North American Money Order Company, Inc. Ruesch International, Inc. 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 Roseland, NJ New York, NY Chicago, IL Chicago, IL Brentwood, TN Sulphur Springs, TX Fort Worth, TX Silver Spring, MD Englewood, CO New York, NY Lakewood, CO Alexandria, LA Atlanta, GA New York, NY New York, NY Minneapolis, MN Princeton, NJ Minneapolis, MN New York, NY Stone Mountain, GA Paramus, NJ

NO. OF
GEORGIA
AGENTS 1
1,860 152 0 361 147 0 435
1,484 105 470 100 786 1 164 1 1
2,663 113 143 993

NOTE:
All State and National Banks, Federal Savings and Loan Associations, Federal Savings Banks, and State and Federal Credit Unions conducting a lawful banking business in Georgia may sell checks without obtaining a special license. A listing of State and National Banks and State and Federal Credit Unions is included herein. A listing of Federal Savings and Loan Associations and Federal Savings Banks may be obtained from the Office of Thrift Supervision.

-53-

2000 Annual Report

Georgia Department of Banking and Finance
MORTGAGE DIVISION SUMMARY OF ACTIVITIES

At the end of 1999, there were 2,871 licensees/registrants. During 2000, 654 new applications were received plus 70 applications for reinstatement of withdrawn, revoked, or expired licenses for a total of 724 applications. In 2000, 675 new applications were approved, 15 were denied, and 30 applications were withdrawn. There were 52 reinstatements of either revoked, expired, withdrawn, or suspended licenses. A total of 621 licenses either expired, were withdrawn or were revoked during the year. As of December 31, 2000, there were 2,977 active licensees/registrants.

DISTRIBUTION OF LICENSEES/REGISTRANTS

TYPE B roke rs Le nde rs Re gis trants

TOTAL 2,235 642 100

PERCENT OF TOTAL
75% 22%
3%

TOTALS

2,977

100%

A complete list of mortgage licensees and registrants is available on the Department's website at: http://www.state.ga.us/dbf/mortgage.html. A hard copy listing is also available from the Department.

-54-

Georgia Department of Banking and Finance
FOREIGN BANKING ORGANIZATIONS DOING BUSINESS IN GEORGIA

2000 Annual Report

INTERNATIONAL BANK AGENCIES

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

FOREIGN LOCATION Amsterdam, The Netherlands

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

Toronto, Ontario, Canada

The Bank of Tokyo-Mitsubishi, Ltd Georgia-Pacific Center, Suite 3450 133 Peachtree Street, NE Atlanta, GA 30309-1808

Tokyo, Japan

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

Frankfurt, Germany

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

Frankfurt, Germany

KBC Bank N.V. Marquis One Tower-Peachtree Center 245 Peachtree Center Avenue, Ste. 2550 Atlanta, Georgia 30303

Brussels, Belgium

National Bank of Canada Suite 800 200 Galleria Parkway, NW Atlanta, Georgia 30339-5945

Montreal, Quebec, Canada

AGENT, TELEPHONE DATE PERMIT ISSUED W. Patrick Fischer Senior Vice President 770-396-0066 June 24, 1977
W.J. Brown Vice President 404-877-1500 May 27, 1977
Tomoyuki Oku General Manager 404-577-2960 April 1, 1996
Christopher K. Hughes Asst. Vice President 404-888-6500 October 31, 1978
John W. Somers Senior Vice President 404-524-3966 May 31, 1989
Michael Sawichi Vice President 404-584-5466 March 20, 1980
Jim Hannon Vice President 770-980-0588 April 10, 1985

INTERNATIONAL BANK FACILITIES
NAME AND ADDRESS AmTrade International Bank of Georgia 1360 Peachtree Street, NE One Midtown Plaza, Suite 1105 Atlanta, Georgia 30309
SunTrust Bank, Atlanta International Division 1 Park Place Atlanta, Georgia 30302

AGENT, TELEPHONE DATE PERMIT ISSUED Ruben L. Verdes Sr. Vice President/CFO (404) 898-1100 March 19, 1993
Robert Hinton Group Vice President (404) 588-8675 February 2, 1982

-55-

2000 Annual Report

Georgia Department of Banking and Finance
FOREIGN BANKING ORGANIZATIONS DOING BUSINESS IN GEORGIA

INTERNATIONAL REPRESENTATIVE OFFICES

Parent

Corporation Doing Business in Georgia

Cooperative Centrale Raiffeisen-Boerenleenbank B.A. The Netherlands
The Industrial Bank of Japan, Limited Japan
Paribas Paris

Rabobank Nederland Atlanta
The Industrial Bank of Japan Trust Co. Atlanta
Paribas Atlanta

-56-

Georgia Department of Banking and Finance

2000 Annual Report

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Advanta Bank Corp. Draper, UT

Corporation Doing Business in Georgia
Advanta Bank Corp. Atlanta

Area Bancshares, Inc. Owensboro, KY

Vine Street Financial, Inc. Atlanta

Bank of the West Walnut Creek, CA

Bankof the West Atlanta

BB&T Corporation Winston-Salem, NC

BB&T Insurance Services, Inc. Alpharetta Branch Bank and Trust Company Atlanta, Fayettevile

The Bank of New York Company, Inc. New York, NY

BNY Business Center, Inc. Atlanta

Bessemer Trust Company N.A. New York, NY

Bessemer Trust Company, N.A. Atlanta

Capital Guardian Trust Company Los Angeles, CA

Capital Guardian Trust Company Atlanta

Central Carolina Bank & Trust Co. Durham, NC

Central Carolina Bank & Trust Co. Alpharetta

The Chase Manhattan Corporation New York, NY

Chase Manhattan Mortgage Corporation Alpharetta, Atlanta, Conyers, Decatur, Duluth, Fayetteville, Hiram, Jefferson, Newnan, Norcross, Rome, Stockbridge, Stone Mountain

Citigroup Services, Inc. New York, NY

Citicorp Leasing, Inc. Atlanta Citicorp North America, Inc. Atlanta Primerica Financial Services Home Mortgages, Inc. Duluth CitiFinancial Services, Inc. Albany, Athens, Augusta, Blue Ridge, Brunswick, Buford, Carrollton,Cartersville, Columbus, Conyers, Covington, Cumming, Dalton, Douglasville, Dublin, Duluth, Gainesville, Garden City, Griffin, Jonesboro, Lawrenceville, Lilburn, Macon, Marietta, Morrow, Norcross, Rockmart, Rome, Roswell, Savannah, Statesboro, Stone Mountain, Thomson, Toccoa, Tucker, Valdosta,Warner Robins, Waycross

Community First Bancshares, Inc. Union City, TN

Community Choice Financial Services Dalton

Compass Bank Birmingham, AL

Compass National Corporation Atlanta

-57-

2000 Annual Report

Georgia Department of Banking and Finance

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES (Continued)

Registrant

Corporation Doing Business in Georgia

Deutsche Bank AG New York, NY

Alex. Brown Insurance Agency, Inc. Atlanta

Financial Federal Savings Bank Memphis, TN

Financial Federal Savings Bank Atlanta

Fleet Boston Corporation Boston, MA
Fleet National Bank Boston, MA
Foster Bank Chicago, IL

Fleet Capital Corporation Atlanta, Marietta Fleet National Bank, N. A. Atlanta
Fleet National Bank Atlanta BancBoston Financial Company Atlanta
Foster Bank Doraville

Freemont General Corp. Anaheim, CA

Freemont Investment & Loan Atlanta

Gulf Coast Bank & Trust Company New Orleans, LA

Gulf Coast Bank & Trust Company Marietta, Morrow

Harris Trust & Savings Bank Chicago, IL
Household Bank, FSB Prospect Heights, IL

Harris Processing Corporation Atlanta
Beneficial Mortgage Company of Georgia Albany, Alpharetta, Athens, Augusta, College Park, Columbus, Conyers, Decatur, Duluth, Fayetteville, Kennesaw, Mableton, Macon, Morrow, Rome, Savannah, Smyrna, Stone Mountain, Tucker, Valdosta

Household Realty Corporation Prospects Heights, IL

Household Realty Corporation College Park, Kennesaw, Lawrenceville, Macon,

IBJ Whitehall Bank & Trust Company New York, NY

IBJ Whitehall Business Credit Corporation Atlanta

The Industrial Bank of Japan, Ltd. New York, NY

The Industrial Bank of Japan Trust Company Atlanta

J. C. Bradford & Co. Nashville, TN

J. C. Bradford & Co. Alpharetta, Atlanta, Macon,

J. C. Penny Company, Inc. Dallas, TX

J.C. Penny Company, Inc. - South Region Atlanta

LaSalle Bank, N.A. Chicago, IL

LaSalle Bank, N.A. Atlanta

-58-

Georgia Department of Banking and Finance

2000 Annual Report

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES (Continued)

Registrant

Corporation Doing Business in Georgia

MBNA Corporation Wilmington, DE

MBNA Marketing Systems, Inc. Atlanta

Mellon Bank Corporation Pittsburgh, PA

AFCO Credit Corporation Atlanta Dreyfus Service Corporation Atlanta Mellon Financial Services Corporation #1 College Park Mellon Leasing Corporation Atlanta Buck Consultants, Inc. Atlanta Mellon Ventures, Inc. Atlanta

Merrill Lynch & Company, Inc. New York, NY

Merrill Lynch Credit Corporation Atlanta

Morgan Guaranty Trust Company of New York New York, NY

J. P. Morgan Mortgage Capital, Inc. Atlanta

National City Bank of Pennsylvania Pittsburgh, PA

Altegra Credit Company Atlanta

New South Bancshares, Inc. Birmingham, AL

New South Federal Savings Bank Atlanta, Columbus, Duluth, Savannah, Tucker

Nexity Financial Corporation Birmingham, AL

Nexity Bank Atlanta

The Provident Bank Cincinnati, OH

The Provident Bank Atlanta, Duluth, Pooler, Suwanee

Silicon Valley Bank Santa Clara, CA

Silicon Valley Bank Atlanta

Southern Pacific Bank Los Angeles, CA

Southern Pacific Bank Atlanta, Marietta

State Street Bank and Trust Company Boston, MA

State Street Bank and Trust Company Atlanta

Summit Bank Princeton, NJ

Summit Business Capital Corp. Atlanta

Textron Business Credit, Inc. Providence, RI

Textron Business Credit, Inc. Alpharetta

UBS Warburg LLC Stamford, CT

UBS Warburg LLC Atlanta

-59-

2000 Annual Report

Georgia Department of Banking and Finance
DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES (Continued)

Registrant

Corporation Doing Business in Georgia

Zions First National Bank Baldwin, MO

Zions Small Business Finance Savannah

OUT OF STATE TRUST PRODUCTION OFFICES

Registrant BB&T Corporation Winston-Salem, NC

Corporation Doing Business in Georgia Branch Banking & Trust Company Atlanta

Colonial Trust Company Phoenix, AZ

Colonial Trust Company Alpharetta

Exeter Trust Company Portsmith, NH

Manning & Napier Advisors, Inc. Atlanta

Institutional Trust Company Denver, CO

Institutional Trust Company Atlanta

Merrill Lynch Group, Inc. New York, NY

Merrill Lynch Trust Company of North Carolina Atlanta

Pell Rudman & Co., Inc. Boston, MA

Pell Rudman Trust Company, N. A. Atlanta

Principal Mutual Holding Company Des Moines, IA

Delaware Charter Guarantee & Trust Company operating as TRUSTar Retirement Services
Atlanta

City Fiduciary Trust Company of Florida West Palm Beach, FL

City Fiduciary Trust Company of Florida Albany, Alpharetta, Athens, Atlanta, Augusta, Columbus, LaGrange, Macon, Newnan, Peachtree City, Savannah, Valdosta

State Street Corporation Boston, MA

State Street Bank and Trust Company, N.A. Atlanta

Wachovia Corporation Winston-Salem, NC

OFFITBANK Atlanta

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Georgia Department of Banking and Finance
DOMESTIC REPRESENTATIVE OFFICES

2000 Annual Report

IN-STATE REPRESENTATIVE OFFICES

Registrant Athens First Bank & Trust Company Athens Bank of Terrell Dawson The Carver State Bank Savannah Columbus Bank & Trust Company Columbus Community Trust Bank Hiram Crescent Bank and Trust Company Jasper
First Colony Bank Alpharetta First Community Bank of Georgia Roberta First Security Corporation Norcross FLAG Bank Vienna Georgia Bank and Trust Co. of Augusta Augusta HomeTown Bank of Villa Rica Villa Rica Horizon Bank Atlanta Omni Financial Services, Inc. Atlanta Park Avenue Bank Valdosta Riverside Bank Marietta Security Bank of Bibb County Macon Synovus Financial Corp. Columbus

Corporation Doing Business in Georgia Athens First Bank & Trust Company Buford Bank of Lee County (trade name) Leesburg The Carver State Bank Hapeville Columbus Bank & Trust Company SBA Lending Stone Mountain Community Trust Bank Douglasville Crescent Mortgage Atlanta Crescent Bank and Trust Company Canton First Colony Bank Forsyth First Community Bank of Georgia Byron First Security National Bank Norcross FLAG Bank St. Simons Island Georgia Bank and Trust Company Mortgage Savannah HomeTown Bank of Villa Rica Douglasville Horizon Bank Decatur United National Bank Atlanta Park Avenue Bank McDonough Riverside Bank Duluth Security Bank of Bibb County Warner Robins Bank of North Georgia Cumming

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