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 Click on the Table of Contents item to go directly to the page. 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. -i- 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 -1- 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 -2- 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 -3- 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. -4- 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 -5- 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 -6- 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 -7- 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 -8- 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 -9- 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 -10- 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. -11- 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. -12- 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). -13- 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. -14- 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 -60- 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 -61-