THE TABLE OF CONTENTS IN THIS REPORT CONTAINS LINKS TO EACH ITEM.
Go to TOC
STATE OF GEORGIA
DEPARTMENT OF BANKING AND FINANCE
ANNUAL REPORT
FOR YEAR ENDING DECEMBER 31, 2001
ROY E. BARNES GOVERNOR
DAVID G. SORRELL ACTING COMMISSIONER

2001 Annual Report

Georgia Department of Banking and Finance

TABLE OF CONTENTS

MESSAGE FROM ACTING COMMISSIONER SORRELL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 TRIBUTE TO FORMER COMMISSIONER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 STRUCTURE OF THE DEPARTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 ADVANTAGES OF A STATE CHARTER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .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 2001 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, 2001.

-i-

Georgia Department of Banking and Finance

2001 Annual Report

MESSAGE FROM THE ACTING COMMISSIONER

2001 was a challenging year for the Georgia economy and the U. S. economy. The economic downturn increased corporate uncertainty and unemployment. Agricultural problems continued with low commodity pricing and the drought. Consumers and consumer spending, especially in residential real estate, buoyed the economy as interest rates dipped to historic lows.

strongest consumer protection legislation on this subject in the country. Governor Barnes was instrumental in the passage of this legislation to protect homebuyers and homeowners. The Georgia legislature also passed tougher and broader identity theft legislation to protect consumers and their privacy. Identity theft is the fastest growing crime in the U. S.

Georgia financial institutions carved out another safe and sound year in 2001, despite the economic downturn and the resultant increasing credit and funding risks. Capital levels remain strong. Although asset quality issues increased, financial institutions are managing the stresses. Loan demand weakened in many areas of the State due to the economy. Earnings remained respectable despite increased expenses for loan loss reserves. 2002 has begun with corporate earnings continuing to struggle, but consumer confidence continues amid low interest rates and no material inflation. Corporate earnings and investor confidence will need to return before the economy stabilizes and moves forward. Safety and soundness concerns remain manageable, but will require financial institution and regulator vigilance.

Banks in 2001 continued to be very deliberate in their usage of the expanded powers given by the passage of the federal Gramm-Leach-Bliley Financial Modernization Act. As of year-end 2001, sixteen Georgia bank holding companies had been certified as financial holding companies, with the potential to conduct banking, securities and insurance activities as principal. Technology remains a driving force behind the geographic and product expansion experienced throughout the industry. Most financial institutions are using the internet to deliver financial services, but are still adjusting their product delivery and mix to be as high tech and high touch as they can be. Consumers want both. Managing the risks involved with internet product and service delivery is a major industry and regulatory concern.

Consumer protection issues have taken a more active role in Georgia and across the U.S. Legislation to prevent predatory mortgage lending was debated in the 2001 Georgia legislature but did not pass. Stronger predatory mortgage lending legislation was proposed and passed in the 2002 legislation session and will be effective October 1, 2002. This legislation is reported to be the

New bank chartering activity during 2001 was similar to activity in 2000. Seven new state bank charter applications were filed with the Department in 2001, of which four were approved. An additional application was received during 2000 and approved in 2001. There was also one bank charter approval in 1999 that was rescinded in 2001.

-1-

2001 Annual Report

Georgia Department of Banking and Finance

MESSAGE FROM THE ACTING COMMISSIONER

Bank consolidation through mergers and acquisitions continued at a steady pace.

No new credit union charters were received or approved by the Department in 2001. Credit unions continued to serve their members well.

The Department now regulates over 2,600 residential mortgage brokers, lenders, registrants, and notificants. Although in 2001 the number of residential mortgage licensees declined from over 2900 in 2000, significant Department resources were still required to regulate mortgage activity. The Department's mortgage division and legal and consumer affairs division continue to address and investigate consumer issues including instances of alleged predatory mortgage lending in Georgia and residential mortgage fraud. The new Georgia Fair Lending Act to be effective October 1, 2002, was passed to help prevent instances of predatory mortgage lending.
The Department's legislative housekeeping changes for 2001 addressed the following areas: (1) updating financial institution powers; (2) clarifications of law; and (3) enhancing regulation in the mortgage industry.
The Department's 2002 legislative housekeeping changes will be focused primarily in the following areas: (1) clarifying objectives for the Department's regulation of non-financial institution entities; (2) making minor corrections due to federal law changes; and (3) providing better consumer protection on residential mortgage transactions.

David G. Sorrell
Acting Commissioner
The Department continues to implement strategic plan initiatives to better equip the organization to handle the rapidly evolving regulatory services environment. Putting the right people in the right places doing, as efficiently as possible, the right things to achieve its mission and realize its vision is a major Department strategic initiative. 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.

-2-

Georgia Department of Banking and Finance

2001 Annual Report

TRIBUTE TO FORMER COMMISSIONER

In January 2002, Steve Bridges announced his retirement as Commissioner of the Georgia Department of Banking and Finance with over 30 years of service to the Department and State Government. Commissioner Bridges was appointed Commissioner by Governor Zell Miller effective October 1, 1997 and was reappointed to serve another term by Governor Roy Barnes on December 18, 2000.
A native of Tifton, Georgia, Commissioner Bridges began his career with the Department in 1974 as an examiner in the Albany field office. In 1980, he was appointed to the position of Assistant Deputy Commissioner in the Bank Supervision Division. He assumed the position of District Director, Northeast Examination District, in 1982 and in that capacity was responsible for the supervision of state-chartered banks, credit unions, savings and loan associations, and holding companies, located in a district encompassing the area from Atlanta to the South Carolina line between Clayton and Augusta. In February of 1986, he was appointed Deputy Commissioner of Thrift Supervision with responsibilities for the supervision of statechartered credit unions, savings and loan associations, and savings and loan holding companies on a statewide basis. From July of 1989 to July of 1991, he served as Deputy Commissioner for Supervision with primary job responsibilities being that of the primary supervisor of all statechartered banks, credit unions, savings and loan associations, and holding companies located in the eastern half of the state of Georgia. Prior to his appointment as Commissioner, he served as the Senior Deputy Commissioner for the Department beginning July of 1991 with oversight responsibilities for all activities of the Department.

Commissioner Bridges is a 1974 graduate of State University of West Georgia, Carrollton, Georgia and a graduate of the Graduate School of Banking at the University of Wisconsin, Madison, Wisconsin. He has served on various committees, task forces, etc. with various national regulators' associations such as the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors. He served on the CSBS Board of Directors and held the office of Vice Chairman at the time of his retirement. He also served on the State Liaison Committee, as an at-large-member, of the Federal Financial Institutions Examination Council.
Steve is the son of Dr. Worth Bridges, the retired Dean and Coordinator of Student Personnel Services at Abraham Baldwin Agricultural College and Hazel Bridges a retired school teacher who reside in Tifton, Georgia. He is married to Elizabeth Shattuck Bridges, a native of LaFayette, Georgia. Steve and Elizabeth have three children: Stephen, Will, and Laura. The family currently resides in Snellville, Georgia.
Steve's retirement was short-lived as he accepted a position as Chief Executive Officer of the Community Bankers Association of Georgia effective March 1, 2002. The Department wishes Steve well in this new and exciting opportunity.

-3-

2001 Annual Report

Georgia Department of Banking and Finance
STRUCTURE OF THE DEPARTMENT

Functionally, the Georgia Department of Banking and Finance is directly under the Governor's office. The Department is headed by a Commissioner who is appointed by the Governor to serve a four year term. The Commissioner is assisted by a Senior Deputy Commissioner. Due to the retirement of Commissioner Steve Bridges in January 2002, Senior Deputy Commissioner David G. Sorrell is currently Acting Commissioner for the Department.
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, except for Corporate which reports directly to the Senior Deputy Commissioner.
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.
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.
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 the 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. The 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 ultimately reports to the Senior Deputy Commissioner.

-4-

Georgia Department of Banking and Finance
ADVANTAGES OF A STATE CHARTER

2001 Annual Report

We believe that the state charter offers several distinct benefits:
Local, Responsive, and Timely Decision Making
State-chartered banks and credit unions have local access to decision makers in Georgia who are familiar with the unique competitive environment that those institutions face. Top decision makers can be easily reached for timely responses to questions and concerns from state-chartered institutions.
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 and credit unions in their designated districts. Examiners live in the area where they examine these institutions 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 Powers Comparable to or Greater Than Federal Powers
State-chartered institutions have comparable powers to federal institutions 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 institution to conduct an activity allowed for a federal institution unless such activity is expressly prohibited by state law. Therefore, should you discover a situation where you feel a state institution is disadvantaged versus a federally-chartered institution, you could petition the Department to use the parity provision to authorize the activity for a state institution. 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.

-5-

2001 Annual Report

MAIN OFFICE STAFF
(As of April 1, 2002)

Georgia Department of Banking and Finance

DAVID G. SORRELL, CEM, Acting Commissioner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1628
Senior Deputy Commissioner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (vacant)
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
Denise Leaphart, Data Resource Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1651 Ralph Shire, CEM, IS Database Integrator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1383
Vicki Brantley, CFE, Training Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 478-275-6869
Dawn Schlich, Accounting Manager . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1641 Charlene Haynie, Payroll Supervisor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5038 Renate Carroll, Paraprofessional Accountant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1632
Kristy Nix, Personnel Officer. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1638
Sheila Ball, Secretary/Receptionist. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1633 Bonnie Steele, Secretary/Receptionist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1634
Kaushik Mehta, Support Services Officer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 Betty Thomas, Administrative Assistant. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1656 Susan Weissinger, Secretary III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1659
Princess Brown, CFE, CEM, Supervisory Manager . . . . . .Banks-North, Trust . . . . . . . . . . . . . . . . . . 770-986-1643 Janet Blackmon, CEM, Supervisory Manager . . . . . . . . . . . .Banks-South, Capital Markets . . . . . . . . . 770-986-1636 Wayne Orr, CPA, CEM, Supervisory Manager. . . . . . . . . .Credit Unions, International Agencies . . . . 770-986-1637
Harold Carney, CEM, District Information Systems Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1624

-6-

Georgia Department of Banking and Finance

MAIN OFFICE STAFF
(As of April 1, 2002)

2001 Annual Report

MORTGAGE DIVIS ION

Licensing of Mortgage Brokers, Lenders, Registrants, Consumer Protection; and Mortgage Supervision/Investigation, Regulatory, and Examination Activities.

ROBLEY S. RIGDON, CFE, CEM, Deputy Commissioner for Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1371
Drexel Beck, CEM, Director for Mortgage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5036 Melinda G. Kinard, CEM, Director for Mortgage Licensing and Administration. . . . . . . . . . . . . . . . . . . 770-986-1649
Larry Moor, CEM, Supervisory Manager - Licensing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1373 Larry Shelley, CEM, Supervisory Manager - Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1372
Janet Anderson, Review Examiner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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

LEGAL AND CONSUMER AFFAIRS DIVISION
Legal Advice and Research; 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, Consumer Outreach and Education Specialist.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1642 Jenny Neville, CEM, Senior Consumer Specialist.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-2812 Mark Simpson, Administrator for Consumer Affairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-2809 Carol Grafman, Assistant Attorney - Legal Examiner. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1648 Nancy Chapman, Research Analyst . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1631 Laurie Culpepper, Administrative Assistant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 Li censing/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 Ini tiatives. . . . . . . . . . . . . . . . . . . . . . . 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-

2001 Annual Report

Georgia Department of Banking and Finance
DISTRICT PERSONNEL
(As of April 1, 2002)

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

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

Northeast District 2 - Loganville
Address: 3715 Harrison Road, Suite 100, Loganville, Georgia 30052 Phone: (770) 554-0676 Fax: (770) 554-5915
TRACY WHITESIDES, CPA, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Michael Killeen, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Hersha Herndon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Ned Overby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Tarrh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Dunagan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Ned Butler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Jason Ochs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Heather Sartain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner William Warnock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Jeannie Benefi eld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .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 ROOKS, CFE, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Gregory Lowe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Dennis McNeer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Sandra Hunter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner George Campbell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .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 April 1, 2002)

2001 Annual Report

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

GARY FORD, CFE, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Michael Hooks, CPA, CEM, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Mark Smith . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Janet Bryan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Leslie Brannen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Robert Herndon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner AshleeTorpy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Spencer Mullis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Darla Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Emily Fennell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Admi nistrative 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 Billy Wilson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Bryan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Patrick Brahana, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner

Southwest District 5 - Douglas
Address: 211 E. Ashley Street, Suite 100, Douglas, Georgia 31533 Phone: (912) 389-4248 Fax: (912) 389-4287
LARRY HERNDON, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director JaneWhitfield, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner James Johnson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner John Sonnier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Sue Ann Tucker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Suzanne Usry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Judy Powell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant
Albany Office
Address: 2402 Dawson Road, Suite 5, Albany, Georgia 31707 Phone: (229) 430-4407 Fax: (229) 430-4056
Larry Duke, CFE, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Eugene Cline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Michael Rosser . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Terry Tucker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner
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 Tillman Green . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Virginia Marable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner John Sutphin, III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Eddie Strom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner

-9-

2001 Annual Report

Georgia Department of Banking and Finance
DISTRICT PERSONNEL
(As of April 1, 2002)

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

ROBERT ROSENTRETER, CEM, District Director . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5103 Lori Binford, CEM, Supervisory Examiner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5104 Amy Johnson, Credit Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5105 Steve Pl eger, Credi t Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5109 Evans Yancy, Credit Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5107 Karen Tatem, Information Technology Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5108 Laura M. Millen, Trust Speci alist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (404) 638-5106

Mortgage Division - District Examination Staff*
Address: 2990 Brandywine Road, Suite 200, Atlanta, Georgia 30341 Phone: (770) 986-1269 or 1017 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Special Investigations Examiner James Mills, CFE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Senior Financial Examiner - Mortgage Joel Byers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Examiner-Mortgage Teresa Koeppel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Examiner-Mortgage Tracy Robbins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Examiner-Mortgage Thomas Filloramo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Diane Hester . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Morris McCall . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Keith Prather . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Anthony White . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage

-10-

Georgia Department of Banking and Finance

2001 Annual Report

EXAMINATION DISTRICTS AND WORK AREAS

District Location

Main Office Atlanta

Large Institutions Decatur

1

Woodstock

2

Loganville

1

3

College Park

4

Dublin

2

Savannah

5

Douglas

Albany

Valdosta

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, Georgia Central Credit Union, Atlanta Postal Credit Union and Delta Employees Credit Union.
-11-

2001 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 streamlineoperations. 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 24, 2001, 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 t he 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 the Department's operations. Theseprograms 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
STRATEGIC PLANNING INITIATIVES

2001 Annual Report

The Department of Banking and Finance's first strategic plan was developed in 1995. The plan is reviewed on an annual basis to ensure that the it remains current. The main focus of the Department's strategic plan is on maintaining a sound, competitive and accessi ble 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.
The Department's strategic plan is based on a number of planning activities that have occurred in recent years. In 2000 and 2002, senior staff and other members of Department management conducted a strategic planning session to revisit and update the strategic plan. As a result of the 2002 planning session and other interviews and meetings with staff, the strategic plan was reviewed and updated to represent the Department's strategic goals, objectives, strategies, and performance measurements for the next few years.

Integral parts of the Department's plan are the Mission and Vision statements, Linkages to the State's Strategic Plan, Strategic Goals and Objectives, and data/analysis pertinent to Information Technology and WorkForce Planning. The Department's strategic plan is comprised of three Strategic Goals as follows:
GOAL 1: Regulated entities will receive fair and progressive regulation and supervision.
GOAL 2: The Department will deliver convenient and responsive products and services to customers and consumers.
GOAL 3: The Department will employ, empower and retain the best quality workforce available.
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.

-13-

2001 Annual Report

Georgia Department of Banking and Finance
LEGISLATIVE HIGHLIGHTS

Legislative History
In 1974, the banking laws were subject to substantial recodification in the form of the Financial Institutions Code of Georgia. The new Code 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 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, subject to the Department's approval. 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 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 in 2000 and 2001 represented efforts 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 Department continues to make changes to the Code to streamline the application process, reduce regulatory burden on regulated entities, and coordinate its procedures with federal requirements.
Looking Ahead to 2002
Proposed legislation for 2002 will primarily consist of: clarifications of law and enhancements to regulation of the mortgage industry. Burden on credit unions should be reduced with a consolidation of reserve requirements which comply with federal law.
Other legislation proposed will address the following issues: predatory mortgage lending, reducing a bank's age before it can be sold (from 5 years to 3 years), and broadening the law to help address identity theft.

A smooth transition into the n ew century was welcomed by the regulators and the industry. With extensive federal banking legislation being passed in November, 1999 in

-14-

Georgia Department of Banking and Finance

2001 Annual Report

FISCAL YEAR 2001 RECEIPTS AND DISBURSEMENTS

REVENUES COLLECTED Bank Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,187,649 Check Casher & Sale of Check Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .190,480 Credit Union Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .719,510 Holding Company Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .327,600 International Bank Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000 Mortgage Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4,580,225 Miscellaneous Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,843
TOTAL RECEIPTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,028,307

DISBURSEMENTS

Personal Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$ 8,661,513

Motor Vehicle Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .99,436

Supplies and Materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .67,837

Repairs and Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52,333

Travel Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 484,527

Motor Vehicle Equipment Purchase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .110,129

.

Printing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .26,070

Equipment Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,911

Office Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 467,223

Computer Charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 315,749

Telecommunications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .96,152

Per Diem and Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12,963

Other Operating Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234,776

TOTAL DISBURSEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$10,663,619

NOTE: Revenues col lected are remitted to the O ffice of the Treasury and Fiscal Services.
The level of expenditures is subject to the state budgetary process.

-15-

2001 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 2001

FINANCIAL INSTITUTION, REGISTRANT, OR
LICENSEE

TOTALS

OPENED

DECEMBER 31, REGISTERED

CONVERTED

2000

LICENSED

CLOSED

TOTALS

MERGED LIQUIDATED DECEMBER 31,

DEREGISTERED

2001

BANKS

266

6

4

-14

-1

261

CREDIT CARD BANKS

5

-1

4

TRUST COMPANIES

2

2

BUSINESS

DEVELOPMENT

1

1

CORPORATIONS

CREDIT UNIONS

80

-1

79

BANK HOLDING

COMPANIES (Supervised

238

16

-15

239

and/or Registered)

CHECK SELLERS

21

CHECK CASHERS

247

85

INTERNATIONAL 2
BANKING FACILITIES

REPRESENTATIVE OFFICES

70

13

INTERNATIONAL BANK 7
AGENCIES

INTERNATIONAL BANK

REPRESENTATIVE

3

OFFICES

1

1

MORTGAGE BROKERS,

LENDERS, AND

2,977

435

REGISTRANTS

21

-33

299

2

-20

63

-1

6

5

-744

2,668

-16-

Georgia Department of Banking and Finance

2001 STRUCTURE ACTIVITY

2001 Annual Report

State-Chartered Financial Institutions

BANKS

As reflected in year-end 2001 Call Report information, total assets for state-chartered banks in Georgia amounted to $147 billion, reflecting an increase of roughly $6.4 billion from year-end 2000. New bank charter activity continued, with six new banks opening during the year. As of the end of the year, the number of banks totaled 265, a decrease of six from the previous year.

New Banks

The Department received seven applications for new bank charters during the year. Five applications were approved during the year, one application was rescinded, and three were pending at the end of the year.

NAME OF BANK

CITY

COUNTY CAPITALIZATION APPROVED OPENED

Satilla Community Bank St. Marys

Georgia Banking Company Atlanta

Guardian Bank

Valdosta

Georgian Bank

Powder Springs

New Southern Bank

Macon

Piedmont Bank of Georgia Atlanta

Citizens & Southern Bank Savannah

United Commercial Bank Atlanta

CompuCredit Bank

Atlanta

Generations Bank

Blairsville

Piedmont Community Bank Gray

Homestead Bank

Suwanee

Camden Fulton Lowndes Cobb Bibb Fulton Chatham Fulton Fulton Union Jones Gwinnett

$5,053,270 $8,250,000 $4,500,000 $8,362,034 $8,000,000 $9,700,000 $9,750,000 $10,000,000 $19,884,000 $6,500,000 $7,000,000 $10,000,000

04/07/1999 04/11/2000 12/07/2000 03/02/2001 06/15/2001 07/20/2001 08/17/2001 11/20/2001
** Pending Pending Pending

11/20/2001 11/01/2001 05/01/2001 11/14/2001 12/10/2001 10/09/2001
N/A N/A N/A N/A N/A N/A

**Application for CompuCredit Bank was approved on 5/28/1999 and rescinded on 12/04/2001.

Conversions
During 2001, the Department received three applications for conversions to state charters and one notification of conversion to a national charter. One application approved during the year was received in 2000. All conversions approved in 2001 also became effective during the year.

PREVIOUS NAME

CONVERTED TO

Douglas Federal Bank, A Federal Savings Bank South Georgia Bank Pinnacle Bank, National Association Embry National Bank InfiBank

Douglas Federal Bank South Georgia Bank Pinnacle Bank Embry Bank InfiBank, N.A.

CITY
Douglasville Glennville Elberton Lawrenceville Atlanta

APPROVED EFFECTIVE

02/20/2001 09/17/2001 10/19/2001 10/19/2001
OCC Approval

04/02/2001 12/31/2001 11/13/2001 12/17/2001 11/26/2001

Voluntary Dissolution of Bank Charter

The Department received and approved one application for dissolution of bank charter during 2001.

FINANCIAL INSTITUTION Knight State Bank

CITY Dexter

APPROVED EFFECTIVE 10/16/2001 10/18/2001

-17-

2001 Annual Report
BANKS (Continued)

2001 STRUCTURE ACTIVITY

Georgia Department of Banking and Finance

State-Chartered Financial Institutions

Mergers

During the year, the Department received 17 applications/notifications of mergers involving Georgia state banks. Eighteen applications were approved during the year. As a result of the 15 bank mergers that became effective during 2001, 14 Georgia state-chartered banks ceased to exist.

FINANCIAL INSTITUTION (SURVIVOR) Main Street Bank United Community Bank United Community Bank Branch Banking and Trust Company Branch Banking and Trust Company Branch Banking and Trust Company Community First Bank The Park Avenue Bank Gilmer County Bank
Branch Banking and Trust Company Branch Banking and Trust Company Branch Banking and Trust Company Branch Banking and Trust Company Branch Banking and Trust Company The Park Avenue Bank The Park Avenue Bank The Park Avenue Bank The Park Avenue Bank

SURVIVOR CITY MERGED INSTITUTION

Covington

Walton Bank & Trust Co.

Blairsville

First Floyd Bank

Blairsville

Bank of Adairsville

Winston-Salem, NC First Bulloch Bank & Trust Company

Winston-Salem, NC Metter Banking Company

Winston-Salem, NC Hardwick Bank & Trust Company

Carrollton

Douglas Federal Bank

Valdosta

Friendship Community Bank

Ellijay

Appalachian Community Bank

Winston-Salem, NC Century South Bank of Danielsville Winston-Salem, NC Century South Bank of Dawsonville

Winston-Salem, NC Century South Bank of Dahlonega

Winston-Salem, NC Century South Bank of Lavonia Winston-Salem, NC Century South Bank of Ellijay

Valdosta

Farmers and Merchants Bank

Valdosta

Baxley Federal Bank

Valdosta

Eagle Bank and Trust

Valdosta

First Community Bank of Southwest Georgia

MERGED CITY APPROVED EFFECTIVE

Monroe Rome Adairsville Statesboro Metter Dalton Douglasville Ocala, FL Blairsville
Danielsville Dawsonville Dahlonega Lavonia Ellijay Adel Baxley Statesboro Bainbridge

01/25/2001 03/20/2001 03/20/2001 05/09/2001 05/09/2001 05/09/2001 05/18/2001 06/01/2001 07/09/2001
10/30/2001 10/30/2001 10/30/2001 10/30/2001 10/30/2001 10/30/2001 10/30/2001 10/30/2001 10/30/2001

01/25/2001 04/25/2001 04/25/2001 05/11/2001 05/11/2001 05/11/2001 05/23/2001 06/22/2001 08/13/2001
11/09/2001 11/09/2001 11/09/2001 11/09/2001 11/09/2001 12/10/2001 Pending Pending Pending

Name Changes

Thirteen banks (including one bank in organization) changed their legal names during the year.

PREVIOUS NAME 1st Floyd Bank Bank of Burke County Gilmer County Bank Bank of Gibson Independent Bank & Trust Company Peoples Bank of Fannin County Centura Card Bank First Clayton Bank & Trust Towns County Bank White County Bank Peoples Bank of West Georgia
Dawson County Bank New South Bank

NEW NAME First Floyd Bank Southern Bank Appalachian Community Bank FirstCity Bank United Community Bank Metro United Community Bank North Georgia RBC Centura Card Bank United Community Bank Rabun County United Community Bank Towns County United Community Bank White County United Community Bank West Georgia
United Community Bank Dawson County New Southern Bank

CITY

EFFECTIVE

Rome Sardis Ellijay

02/14/2001 04/16/2001 08/13/2001

Gibson Marietta Blue Ridge Norcross Clayton Hiawassee Cleveland Carrollton

10/04/2001 10/15/2001 10/22/2001 10/30/2001 11/05/2001 11/05/2001 11/05/2001 11/13/2001

Dawsonville 11/19/2001

Macon

12/07/2001

-18-

Georgia Department of Banking and Finance

2001 STRUCTURE ACTIVITY

2001 Annual Report

State-Chartered Financial Institutions

CREDIT UNIONS

At the end of 2000, there were 80 state-chartered credit unions. During 2001, one state credit union merged into a federal credit union, bringing the total number of credit unions to 79 at the end of the year.

Mergers

The Department received and approved one credit union merger application during the year. Two credit union mergers became effective during 2001.

FINANCIAL INSTITUTION (SURVIVOR)

SURVIVOR

CITY

MERGED INSTITUTION

MERGED

CITY

APPROVED EFFECTIVE

American Heritage Credit Union Ellenwood Allied Family of Companies FCU

Atlanta 11/15/2000 02/14/2001

Augusta VAH Federal Credit Union Augusta King Mill Savings & Credit Association Augusta 07/02/2001 08/31/2001

Name Changes

Two credit unions changed their legal names during the year.

PREVIOUS NAME Associated & Federal Employees Credit Union Dry Branch Credit Union

NEW NAME Associated Credit Union White Gold Credit Union

CITY

EFFECTIVE

Atlanta

01/22/2001

Dry Branch 06/01/2001

Voluntary Dissolution of Credit Union Charter

The Department received one application for dissolution of credit union charter during 2001. The dissolution was pending approval at year-end.

FINANCIAL INSTITUTION

CITY

APPROVED EFFECTIVE

Southern Frozen Foods Employees Credit Union Montezuma Pending

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-charteredtrust 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).
BANK HOLDING COMPANIES
Atotal of 239 bank holding companies were registered with the Department at the end of 2001. Nineteen applications were approved to establish new bank holding companies, and 12 applications were approved for additional acquisitions by an existing holding company.
-19-

2001 Annual Report

2001 STRUCTURE ACTIVITY

Georgia Department of Banking and Finance

Other Licensees, Registrants, and Regulated Entities

Holding Company Formations

Of the 19 applications approved to establish new bank holding companies, 11 became effective during the year. One application was still pending approval and three application that were previously approved were rescinded.

BANK HOLDING COMPANY

CITY/STATE

TO ACQUIRE

CITY

APPROVED

NB Holdings Corporation Rivoli BanCorp, Inc. NBOG Bancorporation, Inc. Georgia Bancshares, Inc. Reliance Financial Corporation Sweetwater Financial Group, Inc. The 2000 Williams Investment Company, LLC Newnan Coweta Bancshares, Inc. Prudential Financial, Inc. Prudential IBH Holdco, Inc. Heritage First Bancshares, Inc. Georgia Banking Company, Inc. Horizon BanCorp, Inc. Southern Community Bancshares, Inc. FirstCity Bancorp, Inc. DNB Financial Services, Inc. FNC S-Corp First Southern Bancorp West Metro Financial Services, Inc.

Charlotte, NC

Bank of America Georgia, N.A. (In Organization) Atlanta

Macon, GA

Rivoli Bank & Trust

Macon

Gainesville, GA National Bank of Gainesville (In Organization)

Gainesville

Fayetteville, GA The Bank of Georgia

Fayetteville

Atlanta, GA

Reliance Trust Company

Atlanta

Powder Springs, GA Georgian Bank (In Organization)

Powder Springs

Atlanta, GA

FNB Newton Bankshares, Inc.

Covington

Newnan, GA

Newnan Coweta Bank

Newnan

Newark, NJ

Prudential IBH Holdco, Inc.

Newark, NJ

Newark, NJ

The Prudential Bank and Trust Company

Atlanta

Rome, GA

Heritage First Bank

Rome

Atlanta, GA

Georgia Banking Company (In Organization)

Atlanta

Decatur, GA

Horizon Bank

Decatur

Fayetteville, GA Southern Community Bank

Fayetteville

Gibson, GA

FirstCity Bank (f/k/a Bank of Gibson)

Gibson

Douglas, GA

Douglas National Bank (In Organization)

Douglas

Douglas, GA

FNC Bancorp, Inc.

Douglas

Statesboro, GA

First Southern National Bank (In Organization)

Statesboro

Dallas, GA

First National Bank of West Metro (In Organization) Dallas

01/16/2001 03/21/2001 04/02/2001 05/15/2001 05/25/2001 07/23/2001 07/24/2001 07/25/2001 09/04/2001 09/04/2001 09/20/2001 09/24/2001 10/11/2001 10/24/2001 10/29/2001 11/09/2001 12/04/2001 12/07/2001 12/28/2001

C&S Bancorporation, Inc.

Savannah, GA

Citizens and Southern Bank (In Organization)

Savannah

Pending

CompuCredit Corporation Home Town Banking Corporation SouthernBank Holdings, Inc.

Atlanta, GA Monroe, GA Buford, GA

CompuCredit Bank (In Organization) Walton Bank & Trust Co. SouthernBank, N.A. (In Organization)

Atlanta Monroe Buford

Rescinded Rescinded Rescinded

Holding Company Acquisitions

Of the 12 holding company acquisitions approved, 11 became effective and one was rescinded during2001.

BANK HOLDING COMPANY CITY/STATE

TO ACQUIRE

CITY/STATE APPROVED

Synovus Financial Corp.

Columbus, GA

Juniper Financial Corp.

Wilmington, DE

ABC Bancorp

Moultrie, GA

Tri-County Bank

Trenton, FL

WB&T Bankshares, Inc.

Waycross, GA

Guardian Bank

Valdosta, GA

BB&T Corporation

Winston-Salem, NC Century South Banks, Inc.

Alpharetta, GA

Persons Banking Company, Inc. Lithonia, GA

The Farmers Bank

Forsyth, GA

GB&T Bancshares, Inc.

Gainesville, GA Community Trust Bank

Hiram, GA

ABC Bancorp

Moultrie, GA

The First Bank of Brunswick

Brunswick, GA

Republic Bancorp, Inc.

Owosso, MI

NetBank, Inc.

Alpharetta, GA

Synovus Financial Corp.

Columbus, GA

First American Bank of Pensacola, N.A. Pensacola, FL

Prudential IBH Holdco, Inc.

Newark, NJ

The Prudential Savings Bank, FSB

Atlanta

United Community Banks, Inc. Blairsville, GA

Peoples Bank of West Georgia

Carrollton, GA

BB&T Corporation

Winston-Salem, NC Community First Bank

Carrollton, GA

Summit Bank Corporation

Atlanta, GA

Global Commerce Bank

Doraville, GA

02/15/2001 02/26/2001 02/26/2001 03/13/2001 05/16/2001 05/17/2001 05/29/2001 07/23/2001 08/27/2001 09/04/2001 09/17/2001 10/05/2001 Rescinded

-20-

Georgia Department of Banking and Finance

2001 STRUCTURE ACTIVITY

2001 Annual Report

Other Licensees, Registrants, and Regulated Entities

MORTGAGE LICENSEES AND REGISTRANTS

Article 13 of Title 7 of the Official Code of Georgia Annotatedrequiresall persons who transact busin ess as a mortgage broker or mortgage lender to be licensed or registered with the Department, unless they are exempt or subject to notification. At the end of 2001, active licensees and registrants totaled 2,668, a net decrease of 309 or 10.37% for the year.

Services offered by licensees and registrants 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 2001, there were 299 check cashers licensed or registered with the Department. This was a net increase of 52 or 21.05% 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 10,404 agents throughout the state were licensed to do business in Georgia. There are 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 2001, the number of Domestic International Banking Facilities and International Representative Offices changed minimally. At the end of the year, there were five representative offices of international banks registered or authorized to do business in Georgia and two domestic international banking facilities. Over the last several 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 six 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 2001, there were 63 companies registered having representative offices operating in this state compared to 70 at the end of 2000. These included 46 registrants of out-of-state companies (including eight trust production offices) and 17 registrants of in-state companies.

-21-

2001 Annual Report

Georgia Department of Banking and Finance

COMBINED REPORTS OF CONDITION OF STATE-CHARTERED BANKS IN GEORGIA
AS OF DECEMBER 31, 2001
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 2000
(AMOUNTS IN MILLIONS)

ASSETS Number of Banks Loans, Net of Unearned Income
Plus: Lease Financial Receivables Less: Allowance for Loan and Lease Losses Net Loans & Leases Interest Bearing Depository Balances Securities Trade Account Federal Funds Sold and Securities Purchased under Agreement to Resell TOTAL EARNING ASSETS
Cash and Non-Interest Bearing Depository Balances Bank Premises, Furniture and Fixtures Other Real Estate Owned Intangible Assets All Other Assets
TOTAL ASSETS

12/31/2001 12/31/2000

265 Banks 271 Banks

100,920

99,202

3,033

2,630

(1,304)

(1,311)

102,649

100,521

425

179

24,795

24,156

684 4,879

168 3,778

133,432

128,802

6,879 2,193
105 873 3,949
147,431

5,923 2,155
91 728 3,280
140,979

LIABILITIES

TOTAL DEPOSITS
Federal Funds Purchased and Securities Sold under Agreement to Repurchase Other Liabilities for Borrowed Money All Other Liabilities TOTAL LIABILITIES
Subordinated Notes and Debentures
EQUITY CAPITAL Preferred Stock Common Stock Surplus Undivided Profits and Capital Reserves Adjustments to Capital TOTAL EQUITY CAPITAL
TOTAL LIABILITIES, SUBORDINATED NOTES AND DEBENTURES, AND EQUITY CAPITAL

101,423
14,114 12,035 3,981 131,553
1,996

101,017
13,125 8,808 3,813 126,763
1,068

1 414 5,539 7,928
-
13,882

1 404 4,983 6,666 1,094
13,148

147,431

140,979

At year-end 2001, there were 58 national banks with total assets of approximately $28 billion. -22-

Georgia Department of Banking and Finance

2001 Annual Report

COMBINED STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED BANKS IN GEORGIA AS OF DECEMBER 31, 2001
WITH COMPARATIVE STATEMENT AS OF DECEMBER 31, 2000 (AMOUNTS IN MILLIONS)

INTEREST INCOME Number of Banks 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 Other Interest Income TOTAL INTEREST INCOME
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
NET INTEREST INCOME TOTAL NONINTEREST INCOME
OVERHEAD EXPENSE Salaries and Employee Benefits Net Occupancy Expense of Bank Premises and Equipment Expenses Other Noninterest Expenses TOTAL OVERHEAD EXPENSE
PROVISIONS FOR LOAN LOSSES
SECURITIES GAINS AND LOSSES NET OPERATING INCOME BEFORE TAXES APPLICABLE INCOME TAXES NET OPERATING INCOME AFTER TAXES EXTRAORDINARY INCOME OR EXPENSES, NET
NET INCOME

12/31/2001 12/31/2000

265 Banks 271 Banks

7,571

8,244

179

167

16

13

190 1,370
9 42
9,377

271 1,387
4 -
10,086

3,082
537 610 106 4,335
5,042 3,221

3,733
847 498 78 5,156
4,930 2,975

2,460 731
1,677 4,868
467
113 3,041 1,040 2,001
6
2,007

2,256 706
1,667 4,629
314
(11) 2,951
931 2,020
-
2,020

-23-

2001 Annual Report

STATE-CHARTERED BANKS
(Amounts in Thousands)

CITY
Abbeville Abbeville Adel Ailey Alamo Alapaha Albany Allentown Alma Alpharetta Alpharetta Alpharetta Americus Americus Ashburn Athens Athens Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta Augusta Bainbridge Bainbridge Barwick Baxley Baxley Blackshear Blackshear Blairsville Blakely Blakely Blue Ridge Broxton Brunswick Brunswick Buford Cadwell Cairo Cairo Calhoun Camilla

COUNTY

NAME OF BANK

Wilcox Wilcox Cook Montgomery Wheeler Berrien Dougherty Wilkinson Bacon Fulton Fulton Fulton Sumter Sumter Turner Clarke Clarke Cobb DeKalb Fulton Fulton Fulton Fulton Fulton Fulton Fulton Fulton Richmond Decatur Decatur Brooks Appling Appling Pierce Pierce Union Early Early Fannin Coffee Glynn Glynn Gwinnett Laurens Grady Grady Gordon Mitchell

Dorsey State Bank Wilcox County State Bank Adel Banking Company 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 Georgia Banking Company Monogram Credit Card Bank of Georgia Piedmont 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 United Community Bank Bank of Early First State Bank of Blakely United Community Bank North Georgia Colony Bank Southeast The Coastal Bank of Georgia The First Bank of Brunswick Peoples Bank & Trust Farmers State Bank Cairo Banking Company Citizens Bank Georgia Bank & Trust Bank of Camilla

Georgia Department of Banking and Finance

BEGIN TOTAL BUSINESS **ASSETS

10/4/1972

8,433

4/22/1952

42,401

3/1/1929

77,388

3/1/1926 115,454

1/17/1945

34,515

3/25/1905

52,461

8/31/1970 246,202

9/15/1941

40,456

10/14/1939

78,902

8/5/1960 1,076,154

1/18/1985 268,981

11/1/2000

57,892

3/25/1937 149,785

10/28/1974 170,721

7/30/1900 223,080

5/30/1929 729,601

11/1/1949 167,693

1/31/1986 1,147,811

9/4/1945 676,026

3/19/1993 123,814

10/3/1994

85,370

8/17/1921 293,388

5/7/1993 256,989

11/1/2001

11,350

6/27/1988 1,842,347

10/9/2001

27,399

11/8/1891 102,377,306

8/28/1989 481,356

1/24/1935 161,841

10/7/1974

78,826

6/1/1967

11,146

1/25/1935 118,147

7/1/1966

50,223

8/5/1946 146,350

7/7/1892 128,540

3/1/1950 913,132

4/28/1941

62,480

5/15/1937

88,986

8/1/1986 315,471

7/1/1946

72,511

6/1/1950 329,944

7/2/1990 151,334

12/13/1984 253,026

11/15/1966

99,663

11/23/1903

77,493

1/1/1904

40,276

2/15/1988 289,847

1/2/1890

79,407

* M ember of the Federal Reserve System -24-

**Information as of 12/31/2001

Georgia Department of Banking and Finance

STATE-CHARTERED BANKS
(Amounts in Thousands)

CITY
Camilla Carnesville Carrollton Carrollton Carrollton Cartersville Cartersville Chatsworth Chickamauga Clarkesville Claxton Claxton Clayton Clayton Cleveland Cochran Cochran Colquitt Columbus Columbus Comer Cordele Cordele Cornelia Covington Covington Crawford Cumming Cuthbert Dahlonega Dalton Dalton Darien Dawson Dawson Dawsonville Dawsonville Decatur Decatur Donalsonville Donalsonville Donalsonville Doraville Doraville Douglasville Douglasville Dublin Dublin

COUNTY
Mitchell Franklin Carroll Carroll Carroll Bartow Bartow Murray Walker Habersham Evans Evans Rabun Rabun White Bleckley Bleckley Miller Muscogee Muscogee Madison Crisp Crisp Habersham Newton Newton Oglethorpe Forsyth Randolph Lumpkin Whitfield Whitfield McIntosh Terrell Terrell Dawson Dawson DeKalb DeKalb Seminole Seminole Seminole DeKalb DeKalb Douglas Douglas Laurens Laurens

NAME OF BANK
Planters & Citizens Bank First Bank and Trust Citizens Bank and Trust of West Georgia Community First Bank United Community Bank 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 Rabun County Bank United Community Bank Rabun County United Community Bank White County 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 PlantersFIRST Community Bank & Trust * First Nation Bank Main Street Bank The Commercial Bank The Citizens Bank of Forsyth County First State Bank of Randolph County Lumpkin County Bank Dalton Whitfield Bank First Bank of Dalton Southeastern Bank Bank of Dawson Bank of Terrell Chestatee State Bank United Community Bank Dawson County Decatur First Bank Horizon Bank Commercial State Bank First State Bank of Donalsonville Merchants and Farmers Bank First Intercontinental Bank Global Commerce Bank Citizens & Merchants State Bank Douglas County Bank Farmers & Merchants Bank The Morris State Bank

* M ember of the Federal Reserve System -25-

2001 Annual Report

BEGIN TOTAL BUSINESS **ASSETS

5/24/1913 8/1/1960 7/1/1947 12/31/1929 3/3/1997 3/28/1974 6/29/2000 1/24/1906 5/10/1910 5/30/1904 2/24/1941 9/3/1940 10/10/1975 3/5/1990 10/29/1976 1/5/1922 7/1/1942 10/19/1973 7/1/1998 4/1/1889 10/10/1935 1/23/1986 3/30/1896 8/4/1900 8/28/1963 4/1/1901 9/5/1924 2/3/1997 1/2/1959 12/14/1982 9/16/1999 1/8/1996 1/24/1889 7/1/1911 8/31/1999 5/15/1998 7/13/1953 9/2/1997 1/24/2000 8/31/1999 1/1/1934 9/24/1925 1/31/2000 8/18/1995 10/6/1987 6/24/1974 7/6/1910 10/2/1958

72,595 114,576 403,645 566,078 101,197 225,533 45,294 185,839 58,810 541,224 101,252 50,806 154,280 143,744 204,663 142,795 74,421 85,219 100,732 3,962,769 91,244 62,869 255,252 529,837 328,261 1,109,219 80,850 88,975 41,578 66,230 154,878 102,488 354,677 72,805 104,495 140,070 133,596 82,762 64,572 82,624 84,511 100,247 56,264 68,086 140,338 176,558 360,374 140,588

**Information as of 12/31/2001

2001 Annual Report

CITY

COUNTY

Dudley

Laurens

Duluth

Fulton

Duluth

Gwinnett

Eastman

Dodge

Eastman

Dodge

Eastman

Dodge

Eatonton

Putnam

Eatonton

Putnam

Edison

Calhoun

Elberton

Elbert

Ellaville

Schley

Ellijay

Gilmer

Fayetteville Fayette

Fayetteville Fayette

Fitzgerald

Ben Hill

Fitzgerald

Ben Hill

Forsyth

Monroe

Forsyth

Monroe

Fort Oglethorpe Catoosa

Fort Valley

Peach

Gainesville

Hall

Gibson

Glascock

Glennville

Tattnall

Glennville

Tattnall

Glennville

Tattnall

Gray

Jones

Greenville

Meriwether

Haddock

Jones

Hahira

Lowndes

Hawkinsville Pulaski

Hazlehurst

Jeff Davis

Hiawassee

Towns

Hiawassee

Towns

Hinesville

Liberty

Hiram

Paulding

Irwinton

Wilkinson

Jackson

Butts

Jackson

Butts

Jasper

Pickens

Jasper

Pickens

Jasper

Pickens

Jeffersonville Twiggs

Jonesboro

Clayton

Kingsland

Camden

LaFayette

Walker

LaGrange

Troup

LaGrange

Troup

Lakeland

Lanier

Georgia Department of Banking and Finance

STATE-CHARTERED BANKS
(Amounts in Thousands)
NAME OF 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 Pinnacle Bank Bank of Ellaville Appalachian Community 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 FirstCity Bank First Citizens Bank South Georgia 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 United Community Bank Towns County 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 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

BEGIN TOTAL BUSINESS **ASSETS

11/30/1905 10/5/1998 10/18/1999 1/2/1919 4/1/1949 9/26/1966 11/15/1922 5/1/1944 12/31/1904 3/12/1934 9/16/1910 3/3/1995 6/2/2000 2/18/2000 4/15/1976 4/19/1996 10/15/1908 12/31/1910 8/7/1964 1/1/1907 2/1/1988 11/27/1905 1/4/1943 12/31/1987 1/18/1905 8/28/1909 12/31/1891 7/25/1905 2/21/1927 8/27/1949 10/30/1906 7/21/1909 12/8/1984 11/15/1911 2/2/1988 7/16/1907 9/8/1997 9/18/1964 10/2/2000 8/14/1989 3/12/1945 12/10/1969 12/31/1955 2/24/1947 1/1/1900 9/15/1941 12/15/1984 12/31/1907

91,755 127,246 123,773 149,832 101,250 58,421 135,918 104,141 34,923 311,204 87,765 319,937 85,871 118,455 124,858 64,624 55,019 52,265 87,774 93,639 321,005 18,289 66,455 54,695 99,085 204,575 20,315
4,664 86,090 100,923 61,407 182,569 106,239 216,445 154,676 37,275 115,904 232,453 38,163 287,269 220,309 29,523 247,597 32,643 142,904 199,337 70,598 101,870

* M ember of the Federal Reserve System -26-

**Information as of 12/31/2001

Georgia Department of Banking and Finance

STATE-CHARTERED BANKS
(Amounts in Thousands)

CITY

COUNTY

NAME OF BANK

Lavonia Lawrenceville Lawrenceville Lawrenceville Lawrenceville Leary Lenox Lincolnton Lithonia Loganville Lumber City Lumpkin Lyons Mableton Macon Macon Macon Madison Manchester Marietta Marietta Marietta Marietta McDonough McRae McRae Metter Milledgeville Milledgeville Molena Monticello Moultrie Moultrie Mount Vernon Nashville Nashville Newington Newnan Newnan Norcross Norcross Oakwood Omega Patterson Pearson Pelham Pembroke Perry

Franklin Gwinnett Gwinnett Gwinnett Gwinnett Calhoun Cook Lincoln DeKalb Walton Telfair Stewart Toombs Cobb Bibb Bibb Bibb Morgan Meriwether Cobb Cobb Cobb Cobb Henry Telfair Telfair Candler Baldwin Baldwin Pike Jasper Colquitt Colquitt Montgomery Berrien Berrien Screven Coweta Coweta Gwinnett Gwinnett Hall Tift Pierce Atkinson Mitchell Bryan Houston

Northeast Georgia Bank * Embry 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 New Southern 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 United Community Bank Metro American Community Bank of Georgia The Merchants & Citizens Bank The Security State Bank Pineland State Bank Century Bank and Trust Exchange Bank First Bank of Pike 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 First Capital Bank * RBC Centura Card Bank Southern Heritage 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

* M ember of the Federal Reserve System -27-

2001 Annual Report

BEGIN TOTAL BUSINESS **ASSETS

9/23/1940 12/7/1987 5/15/2000 10/31/1997 7/17/1905 1/3/1966 6/25/1907 12/2/1911 12/31/1910 10/5/1946 7/2/1945 12/30/1911 6/1/1935 4/28/1986 12/10/2001 6/12/1997 11/3/1988 1/1/1890 2/21/1948 2/3/1989 4/17/1987 4/17/2000 1/11/1990 6/29/1998 3/28/1929 8/23/1972 10/15/1962 3/30/1898 6/1/1903 3/30/1899 2/10/1964 10/1/1971 1/3/1928 1/24/1901 3/30/1943 7/15/1924 8/14/1919 10/6/1972 4/20/2000 12/18/1989 7/12/2000 1/4/1999 1/2/1968 6/19/1907 5/12/1945 12/8/1936 2/11/1938 9/14/1987

238,535 111,262 124,217 144,904 418,557 12,098 39,320 77,783 126,424 175,211 17,499 47,087 58,581 219,461 12,758 119,955 370,929 111,901 56,705 235,205 353,391 31,218 163,925 58,989 100,336 32,302 62,242 123,007 148,999 33,486 64,610 189,418 233,565 63,589 86,671 84,199 43,876 259,573 60,971 260,076
9,380 53,945 162,371 101,992 21,258 46,457 82,622 133,657

**Information as of 12/31/2001

2001 Annual Report

STATE-CHARTERED BANKS
(Amounts in Thousands)

CITY

COUNTY

Perry

Houston

Pine Mountain Harris

Powder Springs Cobb

Quitman

Brooks

Reidsville

Tattnall

Reynolds

Taylor

Richmond Hill Bryan

Ringgold

Catoosa

Ringgold

Catoosa

Roberta

Crawford

Rochelle

Wilcox

Rochelle

Wilcox

Rockmart

Polk

Rome

Floyd

Rome

Floyd

Rossville

Walker

Sandersville Washington

Sandersville Washington

Sardis

Burke

Savannah

Chatham

Savannah

Chatham

Senoia

Coweta

Smyrna

Cobb

Social Circle Walton

Soperton

Treutlen

Sparta

Hancock

Sparta

Hancock

Springfield

Effingham

St. Marys

Camden

Statesboro

Bulloch

Statesboro

Bulloch

Statesboro

Bulloch

Stockbridge Henry

Swainsboro Emanuel

Swainsboro Emanuel

Sylvania

Screven

Sylvester

Worth

Sylvester

Worth

Talbotton

Talbot

Thomaston Upson

Thomaston Upson

Thomasville Thomas

Thomasville Thomas

Thomson

McDuffie

Tifton

Tift

Tifton

Tift

Toccoa

Stephens

Toccoa

Stephens

NAME OF BANK
The Bank of Perry First Peoples Bank Georgian Bank 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 Citizens First Bank Greater Rome Bank Rossville Bank Citizens Bank of Washington County The Geo. D. Warthen Bank Southern Bank 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 Satilla Community Bank Eagle Bank and Trust Farmers & Merchants Bank 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 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

* M ember of the Federal Reserve System -28-

Georgia Department of Banking and Finance

BEGIN TOTAL BUSINESS **ASSETS

12/31/1889 7/9/1990
11/14/2001 12/31/1888 10/22/1900
9/8/1922 12/27/1989 4/21/1997 8/30/1904 6/15/1998 6/30/1906
8/1/1947 1/16/1990 1/1/1911 2/26/1996 12/13/1963 5/3/1965 9/21/1891 7/2/1945 6/4/1947 7/9/1970 3/2/1874 8/2/1999 3/8/1924 12/31/1903 9/5/1904 6/1/1967 9/8/1998 11/20/2001 2/20/1991 2/17/1948 12/31/1901 10/8/1964 3/1/1965 12/31/1900 12/31/1946 6/22/1981 7/30/1898 1/13/1891 10/1/1951 4/15/1974 11/20/1911 7/22/1916 1/9/1989 4/15/1948 2/24/1937 7/20/1984 9/1/1911

99,391 55,388 14,217 68,921 74,900 36,289 109,970 125,571 364,463 81,113 41,111 17,686 65,184 214,517 113,701 95,385 130,398 103,992 54,457 24,524 153,368 45,492 109,555 69,765 41,870 66,624 15,350 80,074
6,893 96,055 115,089 196,516 495,983 96,463 58,732 84,716 98,118 49,286 16,903 222,488 81,879 45,666 322,453 205,656 155,056 191,533 25,699 124,906

**Information as of 12/31/2001

Georgia Department of Banking and Finance

STATE-CHARTERED BANKS
(Amounts in Thousands)

CITY

COUNTY

NAME OF BANK

Trenton Twin City Union Point Uvalda Valdosta Valdosta Valdosta Vidalia Vienna Vienna Villa Rica Warner Robins Warrenton Washington Watkinsville Watkinsville Waycross Willacoochee Winder Winder Woodbury Woodland Wrens Wrightsville Zebulon

Dade Emanuel Greene Montgomery Lowndes Lowndes Lowndes Toombs Dooly Dooly Carroll Houston Warren Wilkes Oconee Oconee Ware Atkinson Barrow Barrow Meriwether Talbot Jefferson Johnson Pike

Bank of Dade Durden Banking Company, Incorporated * The Farmers Bank Altamaha Bank and Trust Company First State Bank and Trust Company of Valdosta Guardian Bank * The Park Avenue Bank Darby Bank & Trust Co. Bank of Dooly FLAG Bank HomeTown 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

2001 Annual Report

BEGIN TOTAL BUSINESS **ASSETS

1/12/1956 7/5/1935 9/6/1911 5/16/1966 3/30/1906 5/1/2001 6/28/1971 7/1/1934 7/30/1976 7/1/1931 10/22/1997 1/4/1985 4/30/1902 3/14/1950 4/17/2000 2/1/1960 6/1/1988 1/15/1952 4/15/1998 10/30/1926 9/29/1902 11/25/1907 7/6/1964 2/16/1897 1/31/1905

73,031 55,284 71,624 106,791 260,282 43,630 482,323 293,591 57,612 566,862 96,442 256,008 44,913 199,250 36,578 212,662 88,668 38,951 55,203 214,098 24,081 66,874 70,266 63,280 481,081

* M ember of the Federal Reserve System -29-

**Information as of 12/31/2001

2001 Annual Report

CITY

COUNTY

Albany Albany Alma Alpharetta Alpharetta Alpharetta Ashburn Athens Atlanta Atlanta Atlanta Atlanta Atlanta Augusta Barnesville Brunswick Buchanan Cairo Calhoun Canton Carrollton Cartersville Cedartown Chatsworth Columbus Columbus Commerce Conyers Dalton Dalton Darien Douglas Douglas Duluth Folkston Griffin Kennesaw Lawrenceville Lawrenceville Louisville Marietta Milledgeville Monroe Norcross Norcross Peachtree City Quitman Savannah

Dougherty Dougherty Bacon Fulton Fulton Fulton Turner Clarke DeKalb Fulton Fulton Fulton Fulton Richmond Lamar Glynn Haralson Grady Gordon Cherokee Carroll Bartow Polk Murray Muscogee Muscogee Jackson Rockdale Whitfield Whitfield McIntosh Coffee Coffee Gwinnett Charlton Spalding Cobb Gwinnett Gwinnett Jefferson Cobb Baldwin Walton Gwinnett Gwinnett Fayette Brooks Chatham

NATIONAL BANKS*
(Amounts in Thousands)
NAME OF BANK
Albany Bank & Trust, National Association First National Bank of South Georgia First National Bank South Chattahoochee National Bank Futurus Bank, N. A. North Atlanta National Bank Community National Bank The National Bank of Georgia The Summit National Bank Bank of America Georgia, National Association InfiBank, N.A. The Buckhead Community Bank, N.A. United Americas Bank, National Association First Union Direct Bank, National Association The First National Bank of Barnesville Atlantic National Bank First National Bank of Georgia United National Bank 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 NBANK, National Association Liberty National Bank Alliance National Bank Premier National Bank of Dalton Sapelo National Bank Douglas National Bank First National Bank of Coffee County First National Bank of Gwinnett First National Bank First National Bank of Griffin First North American National Bank Belk National Bank Cedar Hill National Bank The First National Bank & Trust Company 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 The Savannah Bank, National Association

Georgia Department of Banking and Finance

BEGIN BUSINESS
4/28/1999 5/29/1991 5/1/1951 7/27/1998 5/2/2001 11/16/1998 8/6/1990 5/8/2000 3/10/1988 2/13/2001 4/27/1998 2/6/1998 9/20/1999 6/2/1997 4/2/1902 8/31/1998 3/4/1909 5/26/2000 2/10/1999 7/27/1999 9/16/1946 11/30/1998 1/1/1920 8/18/1975 6/26/2000 3/26/1990 1/1/1904 10/14/1997 10/25/1999 11/25/1996 5/29/1997 11/19/2001 9/23/1991 11/14/2000 4/1/1996 5/12/1933 11/19/1990 5/3/1999 2/2/1998 1/1/1902 12/21/1998 7/3/1989 12/31/1891 2/12/1974 6/25/1985 9/11/1986 8/25/1934 8/22/1990

TOTAL **ASSETS
88,630 74,706 184,926 104,247 14,666 50,453 171,977 45,473 341,237 5,389,444 54,018 97,600 51,729 3,864,387 110,409 110,555 163,649 53,134 70,731 66,317 348,661 111,632 146,334 148,792
8,261 11,094,204
251,676 106,952 60,333 84,121 47,377 17,493 97,765 47,368 28,896 244,893 413,760 11,659
9,388 353,080 100,585 125,428 184,103 993,124 91,247 255,702 65,934 265,704

*Information as of 12/31/2001 -30-

Georgia Department of Banking and Finance

NATIONAL BANKS*
(Amounts in Thousands)

CITY
St. Marys St. Marys Stockbridge Summerville Suwanee Suwanee Thomasville Tucker Waynesboro Woodstock

COUNTY
Camden Camden Henry Chattooga Gwinnett Gwinnett Thomas DeKalb Burke Cherokee

NAME OF BANK
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 Cherokee

2001 Annual Report

BEGIN BUSINESS
10/1/1999 7/10/1989 12/2/1997 5/22/1968 9/1/1999 12/27/1995 10/2/1995 8/2/1988 1/1/1905 11/27/1989

TOTAL **ASSETS
48,433 113,703 55,719 40,322 77,738 119,048 152,945 234,813 80,988 181,912

**Information as of 12/31/2001 -31-

2001 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. *First National Bank South

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

FUTURUS FINANCIAL SERVICES, INC. *Futurus Bank, National Association

Alpharetta Alpharetta

04/04/2000

INTEGRITY BANCSHARES, INC. *Integrity Bank

Alpharetta Alpharetta

07/28/2000

NETBANK, INC. NetBank

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

AMVESCAP PLC AMVESCAP National Trust Company

Atlanta

**

Atlanta

BROADSTREET, INC. *AmTrade International Bank of Georgia

Atlanta Atlanta

03/04/1993

BUCKHEAD COMMUNITY BANCORP, INC. *The Buckhead Community Bank, N.A.

Atlanta Atlanta

01/27/1998

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

Atlanta Atlanta

09/16/1998

* Lead Bank

** Registered Holding Companies Only -32-

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

2001 Annual Report

NAME CITIZENS BANCSHARES CORP.
*Citizens Trust Bank
COMMUNITY FINANCIAL SERVICES, INC. *The Bankers Bank
EBANK.COM, INC. *Ebank
FIDELITY NATIONAL CORPORATION *Fidelity National Bank
GEORGIA BANKING COMPANY, INC. *Georgia Banking Company
RELIANCE FINANCIAL CORPORATION *Reliance Trust Company
SUMMIT BANK CORPORATION *The Summit National Bank
SUNTRUST BANKS, INC. SUNTRUST BANK HOLDING COMPANY *SunTrust Bank
UNITED AMERICAS BANCSHARES, INC. *United Americas Bank, National Association
GEORGIA BANK FINANCIAL CORPORATION *Georgia Bank & Trust Company of Augusta
GEORGIA-CAROLINA BANCSHARES, INC. *First Bank of Georgia
PORT CITY HOLDING COMPANY, INC. *The First Port City Bank
UNITED BANK CORPORATION *United Bank
ALABAMA NATIONAL BANCORPORATION *National Bank of Commerce of Birmingham Georgia State Bank
AMSOUTH BANCORPORATION *AmSouth Bank
REGIONS FINANCIAL CORPORATION *Regions Bank
SOUTHTRUST CORPORATION *SouthTrust Bank
SYNOVUS FINANCIAL CORP. OF ALABAMA Community Bank and Trust of Southeast Alabama

CITY Atlanta Atlanta
Atlanta Atlanta
Atlanta Atlanta
Atlanta Norcross
Atlanta Atlanta
Atlanta Atlanta
Atlanta Atlanta
Atlanta Orlando, FL Atlanta
Atlanta Atlanta
Augusta Augusta
Augusta Thomson
Bainbridge Bainbridge
Barnesville Zebulon
Birmingham, AL Birmingham, AL Mableton
Birmingham, AL Birmingham, AL
Birmingham, AL Birmingham, AL
Birmingham, AL Birmingham, AL
Birmingham, AL Fort Rucker, AL

APPROVED 07/01/1976 11/18/1985 05/27/1998 12/18/1979 09/24/2001 05/25/2001 09/11/1987 01/11/1985 10/19/1999 07/07/1999 11/27/1991 05/06/1997 08/11/1981 11/25/1981 08/28/1998
** ** ** 10/04/1988

* Lead Bank

** Registered Holding Companies Only -33-

2001 Annual Report

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

NAME
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 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

APPROVED

Columbus Albany Alpharetta Americus Athens Brunswick Calhoun Carrollton Chatsworth Cochran Columbus Columbus Douglasville Fernandina Beach, FL 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

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

PEOPLES BANKING CORPORATION *Peoples Bank

Blackshear Blackshear

02/28/1990

UNITED COMMUNITY BANKS, INC. *United Community Bank United Community Bank North Georgia United Community Bank West Georgia United Community Bank Rabun County United Community Bank White County United Community Bank Dawson County United Community Bank Towns County United Community Bank Metro Carolina Community Bank

Blairsville Blairsville Blue Ridge Carrollton Clayton Cleveland Dawsonville Hiawassee Marietta Murphy, NC

02/04/1988

EARLY BANCSHARES, INC. *Bank of Early

Blakely Blakely

02/02/1993

* Lead Bank

** Registered Holding Companies Only -34-

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

2001 Annual Report

NAME THE MADDOX CORPORATION
FIRST STATE BANCSHARES OF BLAKELY, INC. *First State Bank of Blakely First State Bank of Donalsonville
ATLANTIC NATIONAL CORPORATION *Atlantic National Bank
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
WGNB CORP. *West Georgia National Bank of Carrollton
BARTOW BANCSHARES, INC. *Bartow County Bank
UNITY HOLDINGS, INC. *Unity National Bank
FIRST POLK BANKSHARES, INC. *The First National Bank of Polk County
BANK OF AMERICA CORPORATION *Bank of America, National Association
NB HOLDINGS CORPORATION *Bank of America Georgia, National Association
BELK, INC. *Belk National Bank
THE CATO CORPORATION *Cedar Hill National Bank
FIRST CHATSWORTH BANCSHARES, INC. *The First National Bank of Chatsworth

CITY Blakely Blakely Blakely Donalsonville
Brunswick Brunswick
Brunswick Brunswick
Buchanan Buchanan
Calhoun Calhoun
Camilla Camilla
Camilla Camilla
Canton Canton
Carnesville Carnesville Toccoa
Carrollton Carrollton
Cartersville Cartersville
Cartersville Cartersville
Cedartown Cedartown
Charlotte, NC Charlotte, NC Charlotte, NC Atlanta
Charlotte, NC Lawrenceville
Charlotte, NC Lawrenceville
Chatsworth Chatsworth

APPROVED 11/04/1996 06/13/1986
11/15/2000 04/28/1988 03/06/1984 05/17/2000 03/24/1992 12/30/1980 06/11/1999 04/13/1981
08/12/1985 04/28/1983 05/15/1998 05/20/1986 12/12/1985 01/16/2001
** ** 03/03/1983

* Lead Bank

** Registered Holding Companies Only -35-

2001 Annual Report

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

NAME
FIRST SECURITY GROUP, INC. *Frontier Bank Dalton Whitfield Bank

CITY
Chattanooga, TN Chattanooga, TN Dalton

APPROVED 08/27/1999

SOUTHERN BANCSHARES, INC. *The Claxton Bank

Claxton Claxton

03/30/1998

TIPPINS BANKSHARES, INC. *Tippins Bank & Trust Company

Claxton Claxton

01/20/1998

LIBERTY BANCORP OF GEORGIA, INC. *Rabun County Bank The Gordon Bank

Clayton Clayton Gordon

05/12/1983

PEOPLES COMMUNITY BANCSHARES, INC. *Peoples Community Bank Peoples Community Bank Peoples Community Bank

Colquitt Colquitt Columbia, AL Malone, FL

04/09/1991

NBANK.CORP, INC. *NBANK, National Association

Commerce Commerce

10/27/1981

ROCKDALE NATIONAL BANKSHARES, INC. *Liberty 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

THE 2000 WILLIAMS INVESTMENT COMPANY, LLC WILLIAMS PARTNERS, L.P. FNB NEWTON BANKSHARES, INC. *First Nation Bank

Covington Atlanta Covington Covington

07/24/2001 12/24/1997 11/30/1984

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

FBD HOLDING COMPANY *First Bank of Dalton

Dalton Dalton

04/17/1995

SOUTHEASTERN BANKING CORPORATION *Southeastern Bank

Darien Darien

04/14/1981

* Lead Bank

** Registered Holding Companies Only -36-

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

2001 Annual Report

NAME DAWSON BANCSHARES, INC.
*Bank of Dawson
CHESTATEE BANCSHARES, INC. *Chestatee State Bank
DECATUR FIRST BANK GROUP, INC. *Decatur First Bank
HORIZON BANCORP, INC. *Horizon Bank
DNB FINANCIAL SERVICES, INC. *Douglas National Bank
FNC BANCORP, INC. *First National Bank of Coffee County
THORNTON HOLDING COMPANY, INC. *Douglas County Bank
FARMERS BANCSHARES, INC. *Farmers State Bank The Security State Bank
MORRIS STATE BANCSHARES, INC. *The Morris State Bank
EMBRY BANKSHARES, INC. *Embry Bank
THE PB FINANCIAL SERVICES CORPORATION *The Peachtree Bank
CITIZENS CORPORATION *Citizens Bank & Trust Company
MAGNOLIA BANKSHARES, INC. *Bank of Eastman
PEOPLES BANKSHARES, INCORPORATED *The Peoples Bank
PUTNAM-GREENE FINANCIAL CORPORATION *Farmers & Merchants Bank First Bank of Coastal Georgia The Farmers Bank
BOE BANCSHARES, INC. *The Bank of Edison
MCCONNELL & CO., AND EBERHARDT, INC. JAM FAMILY PRTSHP I, LP, & JAM FAMILY PRTSHP II, LP PINNACLE FINANCIAL CORPORATION *Pinnacle Bank

CITY Dawson Dawson
Dawsonville Dawsonville
Decatur Decatur
Decatur Decatur
Douglas Douglas
Douglas Douglas
Douglasville Douglasville
Dublin Cadwell McRae
Dublin Dublin
Duluth Lawrenceville
Duluth Duluth
Eastman Eastman
Eastman Eastman
Eatonton Eatonton
Eatonton Eatonton Pembroke Union Point
Edison Edison
Elberton Elberton Elberton Elberton

APPROVED 09/19/1983 01/11/2000 03/11/1997 10/11/2001 11/09/2001 03/19/1991 12/17/1981 07/24/1979
05/24/1989 11/12/1987 05/21/1999 01/15/1985 08/08/1996 02/17/1984 04/03/1987
03/05/1984 12/23/1993 12/23/1993 04/01/1983

* Lead Bank

** Registered Holding Companies Only -37-

2001 Annual Report

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

NAME MIDDLE GEORGIA CORPORATION
*Bank of Ellaville CBA BANKSHARES, INC.
*Citizens Bank of Americus
APPALACHIAN BANCSHARES, INC. *Appalachian Community Bank
FAIRBANCO HLDG CO INC EMPLOYEE STOCK OWNERSHIP PLAN FAIRBANCO HOLDING COMPANY, INC. *1st Community Bank
GEORGIA BANCSHARES, INC. *The Bank of Georgia
CBC HOLDING COMPANY *Community Banking Company of Fitzgerald
COLONY BANKCORP, INC. Colony Bank Ashburn Colony Bank Southeast Colony Bank of Dodge County
*Colony Bank of Fitzgerald Colony Bank Wilcox Colony Bank Worth
FIRST NATIONAL CORPORATION *First National Bank
COUNTRY BANK COMPANY *Monroe County Bank
HOGAN INVESTMENTS, INC. HOGAN INVESTMENTS LIMITED LAURENS BANCSHARES, INC. *Bank of Dudley
CATOOSA BANCSHARES, INC. *Capital Bank
GB&T BANCSHARES, INC. *Gainesville Bank & Trust Community Trust Bank 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

CITY Ellaville Ellaville Americus Americus
Ellijay Ellijay
Fairburn Fairburn Fairburn
Fayetteville Fayetteville
Fitzgerald Fitzgerald
Fitzgerald Ashburn Broxton Eastman Fitzgerald Rochelle Sylvester
Folkston Folkston
Forsyth Forsyth
Forsyth Forsyth Dudley Dudley
Fort Oglethorpe Fort Oglethorpe
Gainesville Gainesville Hiram Rockmart
Glennville Glennville
Glennville Glennville
Greensboro Greensboro

APPROVED 05/08/1981 05/27/1992 07/12/1996 11/30/1994 06/11/1984 05/15/2001 02/20/1997 04/15/1983
07/17/1995 02/25/1982 02/27/1998 02/27/1998 02/27/1998 12/15/1980 04/22/1998
12/16/1980 12/17/1999 06/17/1985

* Lead Bank

** Registered Holding Companies Only -38-

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

2001 Annual Report

NAME 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
LIBERTY SHARES, INC. *The Heritage 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
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

CITY Greenville Greenville
Griffin Barnesville Griffin
Hackensack, NJ Atlanta Atlanta Coral Springs, FL Atlanta
Hahira Hahira
Hawkinsville Hawkinsville
Hiawassee Hiawassee
Hinesville Hinesville
Jackson Jackson
Jackson Jackson
Jasper Jasper
Jasper Jasper
Jonesboro Jonesboro
Kennesaw Covington
LaFayette LaFayette
LaGrange Vienna
Lakeland Lakeland Nashville
Lavonia Lavonia

APPROVED 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 10/24/1984 12/03/1996 04/24/1991 04/03/1992 07/10/1985 05/12/1995 07/05/1994 01/03/1984 02/23/1994 10/11/1984
11/15/1983

* Lead Bank

** Registered Holding Companies Only -39-

2001 Annual Report

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

NAME 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 Farmers Bank
*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
SOUTHERN BANCORP, INC. *Southern National Bank
NATIONAL COMMERCE FINANCIAL 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

CITY Lawrenceville Lawrenceville
Lawrenceville Lawrenceville
Lenox Lenox
Lincolnton Lincolnton
Lithonia Forsyth Lithonia Perry Swainsboro
Louisville Louisville
Lyons Lyons
Macon Macon Perry
Madison Madison
Manchester Manchester
Marietta Marietta Marietta
Marietta Marietta
Memphis, TN Memphis, TN
Milledgeville Milledgeville
Milledgeville Milledgeville
Milledgeville Milledgeville
Minneapolis, MN Atlanta

APPROVED 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 10/06/1998
** 02/14/1989 02/22/1993 10/05/1983
**

* Lead Bank

** Registered Holding Companies Only -40-

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

2001 Annual Report

NAME
THE COLONIAL BANCGROUP, INC. *Colonial Bank

CITY
Montgomery, AL Montgomery, AL

APPROVED **

MONTICELLO BANCSHARES, INC. *Bank of Monticello

Monticello Monticello

05/01/1996

FMB BANKING CORPORATION *Farmers and Merchants Bank

Monticello, FL

**

Monticello, FL

ROYAL BANK OF CANADA RBC CENTURA BANKS, INC. RBC CENTURA BANK *RBC Centura Card Bank RBC HOLDINGS (DELAWARE) INC. *Security First Network Bank

Montreal, Canada Rocky Mount, NC Rocky Mount, NC Norcross, GA Wilmington, DE Atlanta

10/16/1998 04/20/2000 04/20/2000
10/06/1998

ABC BANCORP First National Bank of South Georgia The First National Bank of Brunswick Cairo Banking Company Central Bank & Trust Merchants and Farmers Bank Southland Bank
*American Banking Company Heritage Community Bank Bank of Thomas County Citizens Security Bank Tri-County Bank

Moultrie Albany Brunswick Cairo Cordele Donalsonville Dothan, AL Moultrie Quitman Thomasville Tifton Trenton, FL

03/23/1981

SOUTHWEST GEORGIA FINANCIAL CORPORATION *Southwest Georgia Bank

Moultrie Moultrie

11/18/1980

HEART OF GEORGIA BANCSHARES, INC. *Mount Vernon Bank

Mount Vernon Mount Vernon

09/08/1995

THE NASHVILLE HOLDING COMPANY Adel Banking Company
*The Citizens Bank

Nashville Adel Nashville

05/16/1985

CITIGROUP, INC. Universal Bank, National Association

New York, NY

**

Columbus

PRUDENTIAL FINANCIAL, INC. PRUDENTIAL IBH HOLDCO, INC. *The Prudential Bank and Trust Company The Prudential Savings Bank, FSB

Newark, NJ Newark, NJ Atlanta Atlanta

09/04/2001 09/04/2001

NEWNAN COWETA BANCSHARES, INC. *Newnan Coweta Bank

Newnan Newnan

07/25/2001

FIRST CAPITAL BANCORP, INC. *First Capital Bank

Norcross Norcross

06/28/1993

* Lead Bank

** Registered Holding Companies Only -41-

2001 Annual Report

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

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

CITY
Norcross Norcross Norcross

APPROVED
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, N.A.

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

SWEETWATER FINANCIAL GROUP, INC. *Georgian Bank

Powder Springs Powder Springs

07/23/2001

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

Ringgold Ringgold

02/29/1996

NW SERVICES CORPORATION *Northwest Georgia Bank

Ringgold Ringgold

12/14/1983

GREATER ROME BANCSHARES, INC. *Greater Rome Bank

Rome Rome

03/27/1995

* Lead Bank

** Registered Holding Companies Only -42-

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

2001 Annual Report

NAME ROSSVILLE BANKSHARES, INC.
*Rossville Bank
SARDIS BANKSHARES, INC. *Southern Bank
COASTAL BANKSHARES, INC. *The Coastal Bank
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
FIRST NATIONAL BANC, INC. *First National Bank
SATILLA FINANCIAL SERVICES, INC. *Satilla Community 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

CITY Rossville Rossville
Sardis Sardis
Savannah Savannah
Savannah Richmond Hill Savannah
Senoia Senoia
Social Circle Social Circle
Soperton Soperton Soperton
Springfield Springfield
St. Marys St. Marys
St. Marys St. Marys
Stamford, CT Atlanta
Statesboro Statesboro
Stockbridge Stockbridge
Suwanee Suwanee
Swainsboro Swainsboro
Sylvania Sylvania

APPROVED 08/13/1984 11/05/1986 07/07/1982 07/09/1990
02/23/1998 09/06/1984 07/01/1992 08/26/1988 11/10/1997 07/17/1996 06/081999
** 07/18/2000 03/07/1983 12/18/1995 05/27/1992 10/15/1990

FIRST BANK HOLDING COMPANY *Sylvester Banking Company
CAPITAL CITY BANK GROUP, INC. *Capital City Bank

Sylvester Sylvester
Tallahassee, FL Tallahassee, FL

08/22/1983 **

* Lead Bank

** Registered Holding Companies Only -43-

2001 Annual Report

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

NAME UPSON BANKSHARES, INC.
*Bank of Upson
WCG BANCSHARES, INC. *West Central Georgia Bank
THOMASVILLE BANCSHARES, INC. *Thomasville National Bank
TAG BANCSHARES, INC. *Citizens Bank & Trust
TRI-STATES BANKSHARES, INC. *Bank of Dade
SUMMERVILLE/TRION BANCSHARES, INC. *First National Bank of Chattooga County
EAGLE BANCSHARES, INC. *Tucker Federal Bank
DURDEN BANKSHARES, INC. *Durden Banking Company, Incorporated
ALTAMAHA BANCSHARES, INC. *Altamaha Bank and Trust Company
PAB BANKSHARES, INC. First Community Bank of Southwest Georgia Baxley Federal Bank Eagle Bank and Trust
*The Park Avenue Bank
THE LANGDALE COMPANY LANGDALE INDUSTRIES, INC. LOWNDES BANCSHARES, INC. *Commercial Banking Company
DBT HOLDING COMPANY *Darby Bank & Trust Co.
DOOLY BANCSHARES, INC. *Bank of Dooly
WASHINGTON/WILKES HOLDING COMPANY *Farmers and Merchants Bank
OCONEE FINANCIAL CORPORATION *Oconee State Bank
JONES BANCSHARES, L.P. PRIMESOUTH BANCSHARES, INC. *The Blackshear Bank

CITY Thomaston Thomaston
Thomaston Thomaston
Thomasville Thomasville
Trenton Trenton
Trenton Trenton
Trion Summerville
Tucker Tucker
Twin City Twin City
Uvalda Uvalda
Valdosta Bainbridge Baxley Statesboro Valdosta
Valdosta Valdosta Hahira Hahira
Vidalia Vidalia
Vienna Vienna
Washington Washington
Watkinsville Watkinsville
Waycross Blackshear Blackshear

APPROVED 10/23/1996 12/10/1982 08/22/1995 06/28/1991 04/27/1982 02/14/1986 01/24/1986 02/07/1996 11/03/1980 08/02/1982
10/19/1995 10/19/1995 09/16/1985 01/26/1990 04/03/1985 03/20/1986 10/13/1998 10/29/1993 12/18/1990

* Lead Bank

** Registered Holding Companies Only -44-

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

2001 Annual Report

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

CITY
Waycross Valdosta Waycross

APPROVED 11/22/1989

FIRST BURKE BANKING COMPANY *First National Bank of Waynesboro

Waynesboro Waynesboro

02/26/1986

ATKINSON COUNTY BANKSHARES CORPORATION *The Peoples Bank

Willacoochee Willacoochee

09/18/1980

PEOPLES HOLDING COMPANY *The Peoples Bank

Winder Winder

11/17/1983

BB&T CORPORATION *Branch Bank and Trust Company Community First Bank BB&T Bankcard Corporation

Winston-Salem, NC Winston-Salem, NC Carrollton Columbus

05/26/1998

WACHOVIA CORPORATION *Wachovia Bank, National Association First Union National Bank First Union Direct Bank, National Association

Winston-Salem, NC

**

Winston-Salem, NC

Charlotte, NC

Augusta

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. *Bank of Wrightsville

Wrightsville Wrightsville

11/03/1986

* Lead Bank

** Registered Holding Companies Only -45-

2001 Annual Report

Georgia Department of Banking and Finance

REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS
FOR CALENDAR YEARS ENDING DECEMBER 31, 2001 AND DECEMBER 31, 2000
(AMOUNTS IN THOUSANDS)

ASSETS: Cash 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)

12/31/2001 12/31/2000

847,928

82,102

1,811,380 1,967,236

3,078,463 2,889,587

(22,597)

(19,058)

3,055,866 33,868 13,272

2,870,529 26,143 11,953

47,140 972

38,096 277

49,956

45,017

5,813,242 5,003,257

1,140,505

841,623

6,953,747 5,844,880

LIABILITIES: Total Member Shares & Deposits
Total Borrowings Accrued Interest Payable on Deposits/Accrued Dividends Payable on Shares Accounts Payable and Other Liabilities Total Liabilities
EQUITY: Accumulated Unrealized Gains(Losses) on Available for Sale Securities Regular Reserves Other Reserves Undivided Earnings Total Equity
Total Liabilities, Shares and Equity Corporate Credit Union GRAND TOTAL (with Corporate Credit Union)

5,013,647
3,223 2,737 49,354 55,314

4,312,370
4,621 3,017 25,333 32,971

6,658 174,666
5,189 557,768 744,281
5,813,242 1,140,505 6,953,747

(181) 160,598
3,562 493,937 657,916
5,003,257 841,623
5,844,880

Number of Credit Unions at Year-end

79

80

NOTE: Balance Sheet figures above do not reflect one credit union that was in process of liquidation.

At year-end 2001, there were 140 federal credit unions with total assets of approximately $4.1 billion. -46-

Georgia Department of Banking and Finance

2001 Annual Report

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED CREDIT UNIONS FOR CALENDAR YEARS ENDING
DECEMBER 31, 2001 AND DECEMBER 31, 2000
(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

12/31/2001 255,899 106,296 43,636

12/31/2000 229,297 120,175 34,841

405,831

384,313

61,309 35,726 2,301 5,695 12,269 17,677 9,652 144,629
261,202
11,686 19 11
272,918
142 140,038 52,931
79,807 15,229
64,578

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

NOTE: Income Statement figures above do not reflect one credit union that was in process of liquidation.

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

2001 Annual Report

Georgia Department of Banking and Finance

STATE-CHARTERED CREDIT UNIONS

CITY

COUNTY NAME OF CREDIT UNION

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 Augusta Augusta Bainbridge Baldwin Cartersville Columbus Coosa Cordele Cornelia Douglas Dry Branch Duluth East Point East Point Ellenwood Fayetteville Ft. McPherson

Dougherty Albany Federal Employees Credit Union

Fulton Mission Partners Employees Credit Union

Clarke

Dairy-Pak Athens Credit Union

Clarke

Educators' Credit Union

Clarke

Georgia Power Northeast Credit Union

DeKalb GTA Credit Union

DeKalb Mutual Savings Credit Union

Fulton 1st Choice Credit Union

Fulton Atlanta City Employees Credit Union

Fulton Atlanta Postal Credit Union

Fulton Cleaners Credit Union

Fulton CONSTAR Credit Union

Fulton Delta Employees Credit Union

Fulton Georgia Department of Public Safety Credit Union

Fulton Georgia DOT Credit Union

Fulton Georgia Peach Credit Union

Fulton Georgia Telco Credit Union

Fulton GPC Credit Association

Fulton Human Services Employees' Credit Union

Fulton IBEW Local 613 Credit Union

Fulton Mead Employees Credit Union

Fulton Pinnacle Credit Union

Fulton Rich's Employees Credit Union

Fulton State Employees' Credit Union

Fulton The Thrift Credit Union

Richmond Health Center Credit Union

Richmond Richmond Co. Health Dept. Employees Credit Union

Decatur Three Rivers Credit Union

Banks

Fieldale Credit Union

Bartow All Star Credit Union

Muscogee Tom's Credit Association

Floyd

Rome Kraft Employees Credit Union

Crisp

Harris Employees Credit Union

Habersham Ethicon Credit Union

Coffee CRMC Employees Credit Union

Twiggs White Gold Credit Union

Gwinnett Georgia Central Credit Union

Fulton East Point Municipal Employees Credit Union

Fulton Fulton Teachers Credit Union

Clayton American Heritage Credit Union

Fayette Tara Credit Union

Fulton Ft. McPherson Credit Union

BEGIN

TOTAL

BUSINESS **ASSETS

12/14/1933 2/12/1973 3/25/1957 5/18/1959 3/7/1929 1/6/1976 12/23/1933 5/15/1946 8/30/1928 11/3/1925 4/1/1972 1/14/1975 3/8/1940 6/22/1970 11/19/1951 3/15/1954 11/30/1943 6/27/1974 7/30/1951 8/13/1980 4/30/1928 11/17/1926 3/4/1938 11/14/1961 10/24/1928 3/10/1976 12/22/1952 3/1/1975 11/24/1980 11/26/1926 12/14/1982 3/31/1955 5/20/1947 2/19/1979 4/11/1972 1/8/1951 5/1/1936 3/6/1941 12/2/1930 12/15/1980 1/25/1971 7/23/1948

18,321 13,159
312 737 11,542 8,911 45,044 14,710 31,184 1,177,848 3,342 1,180 2,054,490 9,846 25,263 7,861 858,240 37,177 17,552 3,433 5,740 63,198 33,570 114,108 12,883 30,070 415 6,427 7,715 9,270 7,797 15,987 1,329 6,726 969 2,231 1,140,505 1,562 42,207 17,268 51,980 15,623

**Amounts are in Thousands as of 12/31/2001 -48-

Georgia Department of Banking and Finance

2001 Annual Report

STATE-CHARTERED CREDIT UNIONS

CITY

COUNTY NAME OF CREDIT UNION

Garden City Glynco Hapeville Hazlehurst LaFayette Macon Macon Macon Macon Macon Macon Macon Macon Marietta Marietta McIntyre Milledgeville Milledgeville Montezuma Nashville Norcross Norcross Rome Rome Savannah Savannah Savannah Savannah Smyrna St. Simons Island Statesboro Thomasville Toccoa Toccoa Valdosta Valdosta Warner Robins

Chatham The G. P. A. Credit Union

Glynn Glynn County Federal Employees Credit Union

Fulton Hapeville Auto Employees Credit Union

Jeff Davis Jeff Davis Credit Union

Walker Roper Corporation Employees Credit Union

Bibb

Central Georgia Regional Credit Union

Bibb

City Employees' Credit Union

Bibb

Georgia Guard Credit Union

Bibb

Macon Firemen's Credit Union

Bibb

Macon Police Credit Union

Bibb

Macon Water Works Credit Union

Bibb

RIG Employees Credit Union

Bibb

Smith and Sons Employees Credit Union

Cobb Chevron Southern Credit Union

Cobb WellStar Credit Union

Wilkinson Engelhard Employees' Credit Union

Baldwin Central State Hospital Credit Union

Baldwin Oconee Credit Union

Macon Southern Frozen Foods Employees Credit Union

Berrien Nashville Credit Union

Gwinnett Associated Credit Union

Gwinnett Genuine Parts Credit Union

Floyd Floyd County Postal Employees Credit Union

Floyd Northwest Georgia Credit Union

Chatham Health Employees Chatham County Credit Union

Chatham Savannah Federal Credit Union

Chatham Savannah Postal Credit Union

Chatham Workmen's Circle Credit Union

Cobb C-MAR Credit Union

Glynn Sea Island Employees Credit Union

Bulloch CORE Credit Union

Thomas Flowers Employees Credit League

Stephens North Georgia Credit Union

Stephens The Wright Credit Union

Lowndes Southern Pine Credit Union

Lowndes Valdosta Educators Credit Union

Houston Combined Employees Credit Union

BEGIN

TOTAL

BUSINESS **ASSETS

11/17/1952 4/3/1953 7/9/1982 8/15/1968 5/7/1974 2/10/1972 2/28/1951
11/17/1997 4/18/1942 10/2/1950 7/11/1950 1/31/1949 6/18/1973 11/14/1933 7/1/1981 3/24/1980 8/28/1952 1/6/1958 1/1/1973 1/1/1973 3/31/1930 3/8/1937 4/17/1926 12/7/1981 8/1/1955 6/10/1931 6/23/1952 2/6/1950 10/29/1964 6/2/1980 8/1/1974 2/28/1972 4/5/1982 11/18/1963 7/30/1954 1/18/1973 10/9/1969

7,087 12,921 17,857 6,877 1,067 15,211 2,995 1,926 2,643
534 526 8,028 460 2,941 15,950 493 8,158 2,428 * 9,239 626,811 5,713 1,645 44,406 3,964 10,389 11,029 11,235 48,123 24,886 31,850 20,162 14,297 7,424 31,982 6,632 8,126

* Credit union was in process of liquidation at year-end and was not required to file a Call Report with NCUA.
**Amounts are in Thousands as of 12/31/2001 -49-

2001 Annual Report

Georgia Department of Banking and Finance

FEDERAL CREDIT UNIONS*

CITY

NAME OF CREDIT UNION

ALBANY

Artesian City Federal Credit Union

ALBANY

Doco School Employees Federal Credit Union

ALBANY

Federal & State Inspectors FCU

ALPHARETTA

Yard Wide Federal Credit Union

ATHENS

Clarke Community Federal Credit Union

ATHENS

Reliance Athens Employee Federal Credit Union

ATHENS

University Employee's Federal Credit Union

ATLANTA

AHAE Federal Credit Union

ATLANTA

Atlanta Federal Credit Union

ATLANTA

Atlanta Kemba Federal Credit Union

ATLANTA

Atlanta Teachers Federal Credit Union

ATLANTA

B.O.N.D. Community Federal Credit Union

ATLANTA

Big Bethel AME Church

ATLANTA

CDC Federal Credit Union

ATLANTA

Circle 10 Federal Credit Union

ATLANTA

Dixsea Federal Credit Union

ATLANTA

GEMC Federal Credit Union

ATLANTA

Georgia Federal Credit Union

ATLANTA

Georgia Power Federal Credit Union

ATLANTA

Georgia State University Federal Credit Union

ATLANTA

Grant Park SAND Federal Credit Union

ATLANTA

Greater Atlanta Catholic Federal Credit Union

ATLANTA

Northside Federal Credit Union

ATLANTA

Phenix Federal Credit Union

ATLANTA

Piedmont Hospital Federal Credit Union

ATLANTA

Powerco Federal Credit Union

ATLANTA

SPC Federal Credit Union

ATLANTA

The Coca-Cola Company Family Federal Credit Union

ATLANTA

W & A Federal Credit Union

ATLANTA

Wheat Street Church Federal Credit Union

AUGUSTA

Augusta Industrial Federal Credit Union

AUGUSTA

Augusta Seaboard System Federal Credit Union

AUGUSTA

Augusta VAH Federal Credit Union

AUGUSTA

CSRA Federal Credit Union

AUGUSTA

RCT Federal Credit Union

AUGUSTA

Tabernacle Federal Credit Union

AUGUSTA

University Health Federal Credit Union

AVONDALE ESTATE Peachstate Federal Credit Union

BRUNSWICK

Bestwall Brunswick Federal Credit Union

BRUNSWICK

Glynn Teachers Federal Credit Union

BRUNSWICK

Glynn-Brunswick Mem. Employee Federal Credit Union

BRUNSWICK

GP Brunswick Federal Credit Union

BRUNSWICK

Hercules Brunswick Federal Credit Union

BRUNSWICK

SeaPak Emp Federal CU

CARTERSVILLE

Etowah Valley Federal Credit Union

CHATSWORTH

Murray County Federal Credit Union

YEAR

TOTAL

CHARTERED **ASSETS

1950

10,840

1959

48,489

1954

5,991

1966

9,342

1969

12,736

1971

6,039

1967

6,001

1954

1,332

1958

9,305

1966

22,589

1935

8,078

1972

28,230

1995

134

1949

137,043

1961

34,553

1956

3,072

1969

49,016

1958

266,066

1935

52,187

1972

11,972

1975

1,406

1971

2,580

1970

9,290

1948

31,654

1974

11,363

1935

137,329

1984

743

1965

84,820

1968

5,649

1956

1,394

1961

44,836

1952

6,155

1953

40,057

1953

40,858

1963

2,588

1961

151

1959

18,214

1969

15,668

1960

512

1953

93,577

1961

944

1940

41,765

1941

14,386

1957

2,403

1970

8,768

1978

1,522

**Amounts are in Thousands as of 12/31/2001 -50-

Georgia Department of Banking and Finance

2001 Annual Report

FEDERAL CREDIT UNIONS*

CITY
CLARKESVILLE CLAYTON COLUMBUS COLUMBUS 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

NAME OF CREDIT UNION
Habersham County Federal Credit Union Rabun-Tallulah Federal Credit Union AFLAC Federal Credit Union Central of Georgia Federal Credit Union Chattahoochee Federal Credit Union GEPCO FCU Golden Federal Credit Union Ledger-Enquirer Federal Credit Union M E A Federal Credit Union MCTEA Federal Credit Union Members Alliance Federal Credit Union C&D Conyers Federal Credit Union HMC Employee Federal Credit Union World Federal Credit Union Madison County Georgia Federal Credit Union Emory Federal Credit Union MedCom 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 Federal Credit Union Marta Employees Federal Credit Union Nekoosa Federal Credit Union E L C O Federal Credit Union Elberton Manufacturing Company Federal Credit Union The Southern Federal Credit Union TIC Federal Credit Union Fort Gordon Federal Credit Union Hutcheson Memorial Federal Credit Union Hallco Federal Credit Union Lanier Federal Credit Union Gracewood Federal Credit Union Fort Stewart Georgia Federal Credit Union PiCo Federal Credit Union Altamaha Federal Credit Union Interstate Unlimited Federal Credit Union JWI Group Employees 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 Federal Credit Union

YEAR

TOTAL

CHARTERED **ASSETS

1978

5,619

1977

488

1964

66,853

1951

2,458

2001

320

1935

3,478

1957

301

1955

1,553

1960

31,283

1964

440

1934

28,115

1970

203

1958

5,423

1961

2,291

1977

587

1968

75,050

1970

18,245

1986

1,007

1999

2,307

1996

2,765

1956

39,003

1964

3,035

1975

4,626

1991

71,141

1935

8,565

1958

382

1975

1,715

1960

69

1963

116,180

1956

164,520

1958

28,808

1955

3,133

1971

28,857

1969

11,955

1961

17,028

1964

47,309

1959

1,294

1955

30,841

1968

17,259

1964

1,148

1971

4,642

1961

50,204

1974

6,137

1976

4,391

1935

3,569

1978

994

**Amounts are in Thousands as of 12/31/2001 -51-

2001 Annual Report

Georgia Department of Banking and Finance

CITY
MACON MACON MACON MARIETTA MARIETTA MOULTRIE MOULTRIE NASHVILLE NEWNAN NEWNAN NORCROSS OGLETHORPE REYNOLDS RINGGOLD ROME ROME SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SHENANDOAH ST MARYS SWAINSBORO THOMASVILLE THOMASVILLE THOMASVILLE TOCCOA TOCCOA TOCCOA TOCCOA TRENTON VALDOSTA VALDOSTA VALDOSTA VALDOSTA WARNER ROBINS WARNER ROBINS WARNER ROBINS WAYCROSS WAYCROSS WOODSTOCK YOUNG HARRIS

FEDERAL CREDIT UNIONS*

NAME OF CREDIT UNION

YEAR

TOTAL

CHARTERED **ASSETS

Keebler Employees Federal Credit Union Local 461 Federal Credit Union MidSouth Federal Credit Union Georgia Methodist Federal Credit Union Lockheed Georgia Employees Federal Cr. Union Colquitt County Teachers Federal Credit Union Moultrie Employee's Federal Credit Union Berrien Teachers Federal Credit Union Coweta Cities & County Employees FCU JR-Newnan Canco Employee Federal Credit Union Excel Federal Credit Union Flint River Employee Federal Credit Union Flint Federal Credit Union Catoosa Teachers Federal Credit Union General Electric Emp. of Rome Federal Cr. Un. Georgia Power Northwest Federal Credit Union Candler General Federal Credit Union Chatham Co. School Employees Federal Credit Union Coastal Georgia Federal Credit Union FAB Church Credit Union GA-PA Federal Credit Union Georgia Heritage Federal Credit Union Memorial Medical Center Federal Credit Union Mercy Federal Credit Union Savannah Seaboard Systems Federal C U Savastate Teachers Federal Credit Union K-Mart GDC Federal Credit Union Gilman United Federal Credit Union Piney Grove Community Credit Union Multiple Employee Group Federal Credit Union Rose City Federal Credit Union Unified Singers Federal Credit Union Coats & Clark Federal Credit Union Patterson Pump Federal Credit Union Stephens County Comm. 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 Valdosta Teachers Federal Credit Union HEA Federal Credit Union PWR Federal Credit Union Robins Federal Credit Union Community United Federal Credit Union Ware County School Employee's Federal C U Maco Educators Federal Credit Union Towns Union Education Federal Credit Union

1973

3,818

1973

2,006

1936

75,496

1960

11,539

1951

464,419

1957

2,483

1955

1,301

1960

1,016

1971

11,633

1972

748

1952

70,342

1982

2,218

1964

2,675

1958

10,844

1954

77,840

1935

32,041

1957

15,683

1954

11,705

1962

1,505

1954

154

1960

1,485

1940

72,569

1972

4,844

1976

3,131

1950

4,286

1950

2,023

1970

5,672

1943

59,169

1947

44

1952

4,070

1959

13,545

1968

1,341

1940

33,795

1976

1,623

1972

64

1960

9,373

1960

540

1958

11,795

1960

2,837

1953

48,683

1958

9,779

1961

15,606

1966

319

1954

588,868

1966

8,226

1962

2,828

1960

97,732

1976

2,415

**Amounts are in Thousands as of 12/31/2001 -52-

Georgia Department of Banking and Finance

2001 Annual Report

SALE OF CHECKS OR MONEY ORDER CORPORATIONS
AS OF DECEMBER 31, 2001

NAME OF LICENSEE ADP Payroll Services, Inc. All Business Corporation, Inc. American Express Travel Related Services Co., Inc. Citicorp & Citicorp Service, Inc. Citicorp Electronic Financial Services, Inc. Comdata Network, Inc. of California FFP Money Order Company, Inc. Globex Financial Services, Inc. GSC Enterprises, Inc. Integrated Payment Systems, Inc. Interpayment Services Limited MoneyGram Payment Systems, Inc. National Bonded Money Orders, Inc. North American Money Order Company, Inc. Ruesch International, Inc. Thomas Cook Travelers Cheques, Ltd. Thomas Cook, Inc. Travelers Express Company, Inc. Travelex Currency Services, Inc. Travellers Cheque Associates, Ltd. Western Union Financial Services, Inc.

NO. OF

MAIL

GEORGIA

D/B/A

CITY/STATE

AGENTS

Roseland, NJ

1

U.S. Express Money Order

Decatur, GA

194

American Express Travel Related Services Jersey City, NJ

1,859

Chicago, IL

140

Chicago, IL

0

Brentwood, TN

352

Financial Express Money Orders

Fort Worth, TX

0

Global Express Money Orders, Inc.

Silver Spring, MD

517

Fidelity Express Money Order Company Sulphur Springs, TX

162

Greenwood Village, CO

1,568

Toronto-Ontario, Canada

105

Minneapolis, MN

486

National Bonded Money Orders

Alexandria, LA

100

Alpharetta, GA

770

Washington, DC

1

Toronto-Ontario, Canada

1

Toronto-Ontario, Canada

1

Travelers Express Company

Minneapolis, MN

2,763

Toronto-Ontario, Canada

10

Jersey City, NJ

112

Greenwood Village, CO

1262

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 i n 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-

2001 Annual Report

Georgia Department of Banking and Finance
MORTGAGE DIVISION SUMMARY OF ACTIVITIES

During 2001, 413 new applications were received plus 58 applications for reinstatement of withdrawn, revoked, or expired licenses. In 2001, 383 new applications were approved and 18 applications were withdrawn. There were 53 reinstatements of either revoked, expired, withdrawn, or suspended licenses. A total of 744 licenses either expired, were withdrawn or were revoked during the year. As of December 31, 2001, there were 2,668 active licensees/registrants.

DISTRIBUTION OF LICENSEES/REGISTRANTS

TYPE Brokers Lenders Registrants
TOTALS

TOTAL 2,053 550 65
2,668

PERCENT OF TOTAL
77% 21%
2%
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

2001 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, Suite 3500 1230 Peachtree Street, NE Atlanta, Georgia 30309-3200

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

* Operate as a Representative Office but maintain an Agency license.

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 SunTrust Equitable Securities International Division 303 Peachtree Street, NW Suite 2300, M/C 3946 Atlanta, Georgia 30308

AGENT, TELEPHONE DATE PERMIT ISSUED Jerry Sniderman Senior Vice President/Agency Manager 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
Harry P. Yergey Senior Vice President & Manager 404-888-6500 October 31, 1978
Michael Sawichi Vice President/Regional Manager 404-584-5466 March 20, 1980
Jim Hannon Vice President & Manager 770-980-0588 April 10, 1985
AGENT, TELEPHONE DATE PERMIT ISSUED Ruben L. Verdes Senior Vice President/CFO (404) 898-1100 March 19, 1993
Jeff Warner Director/Chief Dealer SunTrust Equitable Securities (404) 724-3480 February 2, 1982

-55-

2001 Annual Report

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

INTERNATIONAL REPRESENTATIVE OFFICES

Parent
Allied Irish Banks, PLC Ireland
Cooperative Centrale Raiffeisen-Boerenleenbank B.A. The Netherlands
The Industrial Bank of Japan, Limited Japan

Corporation Doing Business in Georgia
Allied Irish Banks Atlanta
Rabobank Nederland Atlanta
The Industrial Bank of Japan Trust Company Atlanta

The Industrial Bank of Japan, Limited Japan

The Industrial Bank of Japan, Ltd. Atlanta

BNP Paribas France

BNP Paribas Atlanta

-56-

Georgia Department of Banking and Finance

2001 Annual Report

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Area Bancshares, Inc. Owensboro, KY

Corporation Doing Business in Georgia
Vine Street Financial, Inc.

Bank of the West Walnut Creek, CA

Bank of the West

BB&T Corporation Winston-Salem, NC

Branch Banking and Trust Company

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

BNY Business Center, Inc.

Bessemer Trust Company N.A. New York, NY

Bessemer Trust Company, N.A.

Capital Guardian Trust Company Los Angeles, CA

Capital Guardian Trust Company

Citigroup, Inc. New York, NY

Citicorp Leasing, Inc. Citicorp North America, Inc. Primerica Financial Services Home Mortgages, Inc. CitiFinancial Services, Inc.

Compass Bank Birmingham, AL

Compass Multistate Services Corporation

Deutsche Bank AG New York, NY

Alex. Brown Insurance Agency, Inc.

Financial Federal Savings Bank Memphis, TN

Financial Federal Savings Bank

First International Bank Hartford, CT

First International Bank

First Tennessee National Corporation Memphis, TN

First Tennessee National Bank

Fleet Boston Corporation Boston, MA

Fleet Capital Corporation Fleet National Bank Fleet Business Credit, LLC

Foster Bank Chicago, IL

Foster Bank

Freemont General Corp. Santa Monica, CA

Freemont Investment & Loan

Gulf Coast Bank & Trust Company New Orleans, LA

Gulf Coast Bank & Trust Company

-57-

2001 Annual Report

Georgia Department of Banking and Finance
DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Harris Trust and Savings Bank Chicago, IL

Corporation Doing Business in Georgia
Harris Trust and Savings Bank

Heritage First Bank, Inc. Lowes, KY Household Bank, FSB Prospect Heights, IL
Household Finance Corporation Prospects Heights, IL
IBJ Whitehall Bank & Trust Company New York, NY
The Industrial Bank of Japan, Ltd. New York, NY
LaSalle Bank, N.A. Chicago, IL
MBNA America Bank, N.A. Wilmington, DE
Mellon Bank Corporation Pittsburgh, PA
Merrill Lynch & Company, Inc. New York, NY
National City Bank of Pennsylvania Pittsburgh, PA
New South Bancshares, Inc. Birmingham, AL
Nexity Financial Corporation Birmingham, AL
Omni National Bank Fayetteville, NC
The Provident Bank Cincinnati, OH
RBC Centura Bank Rocky Mount, NC

Heritage First Bank, Inc. Beneficial Mortgage Company of Georgia
Household Realty Corporation
IBJ Whitehall Business Credit Corporation
The Industrial Bank of Japan Trust Company
LaSalle Bank, N.A.
MBNA Marketing Systems, Inc.
AFCO Credit Corporation Dreyfus Service Corporation Mellon Financial Services Corporation #1 Buck Consultants, Inc. Mellon Ventures, Inc. Merrill Lynch Credit Corporation
Altegra Credit Company
New South Federal Savings Bank
Nexity Bank
Omni National Bank
The Provident Bank
RBC Centura Card Bank

-58-

Georgia Department of Banking and Finance

2001 Annual Report

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Silicon Valley Bank Santa Clara, CA

Corporation Doing Business in Georgia
Silicon Valley Bank

South County Bank Rancho Santa Margarita, CA

South County Financial Services

Southern Pacific Bank Torrance, CA

Southern Pacific Bank

StateStreet Corporation Boston, MA

State Street Bank &Trust Company

UBS Warburg LLC Stamford, CT

UBS Warburg LLC

California Bank & Trust San Diego, CA

Zions Small Business Finance

OUT OF STATE TRUST PRODUCTION OFFICES

Registrant
BB&T Corporation Winston-Salem, NC

Corporation Doing Business in Georgia
Branch Banking & Trust Company

Capital City Bank Group, Inc. Tallahassee, FL

Capital City Trust Company

Diversified Trust Company Memphis, TN

Diversified Trust Company

Exeter Trust Company Exeter, NH

Manning & Napier Advisors, Inc.

Merrill Lynch Group, Inc. New York, NY

Merrill Lynch Trust Company of North Carolina

Pell Rudman & Co., Inc. Boston, MA

AtlanticTrust Company, N. A.

Principal Mutual Holding Company Des Moines, IA

Delaware Charter Guarantee & Trust Company operating as TRUSTar Retirement Services

Wachovia Corporation Winston-Salem, NC

OFFITBANK

-59-

2001 Annual Report

Georgia Department of Banking and Finance

DOMESTIC REPRESENTATIVE OFFICES

IN-STATE REPRESENTATIVE OFFICES

Registrant
Athens First Bank & Trust Company Athens
Bank of Terrell Dawson

Corporation Doing Business in Georgia
Athens First Bank & Trust Company
Bank of Lee County (trade name)

The Blackshear Bank Blackshear
The Carver State Bank Savannah
Chestatee State Bank Dawsonville

Prime South, A Division of TheBlackshear Bank The Carver State Bank Chestatee State Bank

Columbus Bank & Trust Company Columbus
Crescent Bank and Trust Company Jasper
Durden Bankshares, Inc. Twin City

Columbus Bank & Trust Company SBA Lending
Crescent Mortgage Crescent Bank and Trust Company Durden Banking Company

First Security Corporation Norcross

First Security National Bank

FLAG Financial Corporation LaGrange
Georgia Bank and Trust Co. of Augusta Augusta
HomeTown Bank of Villa Rica Villa Rica
Horizon Bank Decatur
PAB Bankshares, Inc. Valdosta
Riverside Bank Marietta
United Community Banks, Inc. Blairsville
Wilkinson County Bank Irwinton

FLAG Bank FLAG Mortgage Nuestra Tarjeta, a division of FLAG Bank Georgia Bank and Trust Company Mortgage
HomeTown Bank of Villa Rica
Horizon Bank
The Park Avenue Bank
Riverside Bank
United Community Banks, Inc.
Wilkinson County Bank

-60-

Georgia Department of Banking and Finance

NOTES

2001 Annual Report

Department of Banking and Finance
2990 Brandywine Road, Suite 200 Atlanta, GA 30341-5565 (770) 986-1633 Fax: (770) 986-1654
Internet site: http://www.gadbf.org
-61-