2003 annual report [Dec. 31, 2003]

State of Georgia
DEPARTMENT OF BANKING AND FINANCE
2003 Annual Report

In Dedication and Memory......
This year's Annual Report is dedicated to the memory of two Department examiners who passed away in the first quarter of 2004. They will be greatly missed by the Department and the institutions they served.

Senior Financial Examiner
Francis Michael (Mike) Tarrh (1945-2004)
The Department was saddened by the untimely passing of Mike on February 2, 2004. Mike joined the Department in 1993 and was a faithful and dedicated examiner. Mike achieved the level of Senior Financial Examiner in 2002. He will be missed by the Department and financial institutions that he so diligently served.

Supervisory Examiner Gregory Oliver (Greg) Lowe (1954-2004)
The Department was saddened by the untimely passing of Greg on March 24, 2004. Greg served the Department well for almost 19 years, achieving the level of Supervisory Examiner in 2000. Prior to joining the Department, Greg served four years of active duty in the U.S. Navy, with an additional 19 years as a Navy Reservist. He will be missed by the Department and financial institutions that he so diligently served.

MESSAGE FROM THE COMMISSIONER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1 STRUCTURE OF THE DEPARTMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 ADVANTAGES OF A STATE CHARTER . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4 MAIN OFFICE STAFF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 DISTRICT PERSONNEL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 EXAMINATION DISTRICTS AND WORK AREAS (MAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 SUPERVISORY ACCREDITATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 STRATEGIC PLANNING INITIATIVES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12 LEGISLATIVE HIGHLIGHTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 COMPARISON OF FISCAL YEAR 2003 & 2004 RECEIPTS AND DISBURSEMENTS . . . . . . . . . . . . . . . . . . . .14 SUMMARY OF ACTIVITIES FOR STATE CHARTERED FINANCIAL INSTITUTIONS/REGULATED ENTITIES . .15 2003 STRUCTURE ACTIVITY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16
STATE-CHARTERED FINANCIAL INSTITUTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16 OTHER LICENSEES, REGISTRANTS, AND REGULATED ENTITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 COMPARATIVE REPORTS OF CONDITION OF STATE-CHARTERED BANKS . . . . . . . . . . . . . . . . . . . . . . . . .21 COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED BANKS . . . . . . . . . . . .22 LIST OF STATE-CHARTERED BANKS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23 LIST OF NATIONAL BANKS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28 LIST OF FEDERAL SAVINGS BANKS/THRIFTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30 BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31 COMPARATIVE REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS . . . . . . . . . . . . . . . . . .46 COMPARATIVE 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 MONEY TRANSMITTERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .54 MORTGAGE DIVISION - SUMMARY OF ACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .55 FOREIGN BANKING ORGANIZATIONS DOING BUSINESS IN GEORGIA . . . . . . . . . . . . . . . . . . . . . . . . . . . .56 INTERNATIONAL BANK AGENCIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56 INTERNATIONAL BANK FACILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .56 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, 2003.

MESSAGE FROM THE COMMISSIONER

David G. Sorrell
Commissioner

Our mission ....
is to promote the availability of safe, sound and competitive financial services through responsive, high quality regulation and supervision and the protection of the interests of consumers.

Iwas pleased and honored to be appointed Commissioner of the Department of Banking and Finance by Governor Sonny Purdue in June 2003, after serving as Acting Commissioner for more than a year. I remain committed to serving the citizens of Georgia and to maintaining the reputation of this Department as one of the preeminent banking and finance agencies in the nation. The Department will maintain an open door and open line of communication with the financial entities we regulate.

The year 2003 was one of economic transition for our nation and the State of Georgia. There is strong evidence that the economic uncertainties that were in evidence in 2002 have shown some signs of improvement this year, although job growth has not responded to the overall recovery. The recovery will not be felt on a broader scale until there is improvement in this employment situation.

State government and the Department have had a particularly challenging year in 2003 due to declining state revenues. In spite of the fact that

our agency is fully self-funded through the supervision, examination and mortgage fees generated by the Department and indeed have a substantial surplus that is turned over to the state treasury, we have had to take substantial budget reductions during 2003 and are scheduled to face increasing budgetary constraints in 2004 and future years. The Department has tightened its fiscal belt and has been forced to reduce overall staffing through attrition and make other budget cuts. We remain fully committed to meeting our responsibilities for examining and supervising financial institutions, mortgage lenders and brokers and other entities supervised by the Department. We continue to implement work efficiencies to perform our mission.
The Department's workload continues to grow. Thirteen (13) new banks opened in 2003 and three new banks converted from a national to a state charter. Five (5) banks were absorbed in mergers, and one state bank converted to a national charter. Overall the net number of state chartered banks increased by 10 from 2002, for a total of 266 at the end of 2003. The Department remains focused on the volume of new state banks being chartered in Georgia by maintaining high standards for capital and management and monitoring these institutions closely during their formative years.
Predatory lending and other consumer protection issues remained a significant focus of attention in Georgia and around the nation during 2003. The Legislature made significant revisions to the Georgia Fair Lending Act (GAFLA) during the 2003 legislative session to address certain issues

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MESSAGE FROM THE COMMISSIONER

that could impact the ability of Georgia mortgage loans to be sold in the secondary market. In addition, certain parity provisions were included to provide parity between state and nationally chartered financial institutions. In July of 2003 the Office of the Comptroller of the Currency (OCC) issued a ruling that national banks were preempted from the provisions of the GAFLA. As a result of this notice of preemption, after conferring with the Attorney General, I issued a Declaratory Ruling with an effective date of March 7, 2003, that provided preemption for Georgia state chartered banks, in accordance with the GAFLA as amended. The Department is concerned by the OCC's effort to greatly expand their preemption authority over state law beyond what is permitted by statute and applicable case law.
The Department now regulates over 3,100 residential mortgage brokers, lenders and registrants. The regulation and supervision of these entities requires significant resources, which have been prioritized by establishment of risk focused examination practices. The Department remains committed to maintaining a safe and competitive mortgage marketplace in Georgia and to protecting the interests of Georgia consumers in the event that predatory lending practices or residential mortgage fraud are discovered.

Department will continue its supervision and regulation plan development for this growing area.
The Department continues to focus on our strategic initiatives in order to better focus our resources to the areas that are of greatest strategic importance to our mission. Placing the right people in the right positions doing the right things as efficiently as possible to achieve our mission and realize our strategic vision remains the most important strategic initiative for the Department. The challenge is to maintain an experienced and welltrained staff to accomplish these goals during a period where our financial and human resources are constrained.
Our staff remains committed to providing professional, responsive and efficient regulation and supervision and to promoting a safe, sound, competitive and accessible financial services industry that serves the needs of Georgia citizens.

The Department began licensing money transmitters as of July 1, 2003, per a new law passed in 2003. This area has taken on increasing strategic importance as money transmitters may be used as conduits for money laundering and in the financing of terrorism around the world. The

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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 Senior Deputy Commissioner George Reynolds.
The Department's operations are 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.

processors who are licensees and registrants under the law. The Mortgage Division is headed by Deputy Commissioner for Mortgage Rob Braswell.
Legal and Consumer Affairs Division: The Legal Division is responsible for providing legal advice 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 Bechtel.

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 holdingcompanies, 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 established to handle large, complex, and wholesale financial institutions. The Supervisory Division is headed by Deputy Commissioner for Supervision Grace Lurry.

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, sale of check companies and money transmitters. 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.

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 Hancock.

Mortgage Division: The Mortgage Division is responsible for the licensing, regulation and examination of mortgage lenders, brokers and

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ADVANTAGES OF A STATE CHARTER
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 theDepartment 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, hourly examination fees, and some application fees are substantially less than comparable federal charters. In the last several years, the Department's annual regulatory assessments have averaged one-half the cost of comparable federal assessments. Hourly examination fees assessed for specialty exams are almost half the rate of comparable hourly fees charged by federal regulators. Some 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.
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MAIN OFFICE STAFF
(As of March 31, 2004) DAVID G. SORRELL, CEM, Commissioner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1628 GEORGE A. REYNOLDS, CPA, CFE, CEM, Senior Deputy Commissioner . . . . . . . . . . . . . . . . . . . . . . . 770-986-1629
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, CEM, 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 Gloria Smith, 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. GRACE LURRY, CFE, CEM, Deputy Commissioner for Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1646
Robert Rosentreter, CEM, Director for Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1627 Merian Johnson, Administrative Assistant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1658 Susan Weissinger, Secretary III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1659 Supervisory Manager (vacant). . . . . . . . . . . . . . . . . . . . . . . .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
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MORTGAGE DIVIS ION

MAIN OFFICE STAFF
(As of March 31, 2004)

Licensing of Mortgage Brokers, Lenders, Processors, Registrants, ConsumerProtection; and Mortgage Supervision/Investigation, Regulatory, and Examination Activities, and Implementation of the Administrative Procedures Act.

ROB BRASWELL, CEM, Deputy Commissioner for Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .770-986-1371
Melinda G. Kinard, CEM, Director for Mortgage - Licensing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1649 Sandra Sheley, CEM, Director for Mortgage - Supervision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-5036 Larry Moor, CEM, Supervisory Manager - Licensing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1373 Larry Shelley, CEM, Supervisory Manager - Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1372 Carol Grafman, Mortgage Division Attorney . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1648 Janet Anderson, Financial Examiner - Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1268 Deborah Long, Assistant Financial Examiner - Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-2810 Irene Harper, Administrative Assistant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 Resolution of Consumer Inquiries and Complaints, and Outreach to Industry and Consumers.
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 Affai rs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-2809 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, Sal e of Check and Money Transmitter Licensing/Supervision, Check Cashers Licensing/Supervision. The Division also generates the Department's Annual Report, Department Monthly Bulletin s, and 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 Affai rs and Strategic Initiatives . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1386
Murali Ramachandran, Corporate Manager - Financial Institutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 770-986-1645 Princess Brown, CFE, CEM, Corporate Manager - Money Service Businesses . . . . . . . . . . . . . . . . . . . . 770-986-1656 Tervenia Mitchiner, Administrative Examiner - Corporate . . . . . Districts 1, 2 & 3. . . . . . . . . . . . . . . . . 770-986-1639 Susan Nelson, Administrative Assistant . . . . . . . . . . . . . . . . . . . Districts 4 & 5. . . . . . . . . . . . . . . . . . . 770-986-1652

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DISTRICT PERSONNEL
(As of March 31, 2004)
Northwest District 1 - Woodstock
Address: 645 Molly Lane, Suite 140, Woodstock, Georgia 30189 Phone: (770) 928-1803 Fax: (770) 928-6209
KEVIN HAGLER, CEM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Ernest Coats . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Ira Goolsby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Daisy Mitchell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Melissa Sneed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Victor Greene . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Larry Moody . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner William R. Parker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Mark Pressler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Victoria Busby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant
Northeast District 2 - Loganville
Address: 3715 Harrison Road, Suite 100, Loganvill e, Georgia 30052 Phone: (770) 554-0676 Fax: (770) 554-5915
TRACY WHITESIDES, CPA, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director Michael Killeen, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Michael Rosser . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Ned Overby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner Ned Butler . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Michael Dunagan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Jason Ochs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Examiner Keith Prather . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Heather Sartain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner William Warnock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Laura Losch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Debbie Bloomquist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .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 Dennis McNeer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner Rhonda Brook . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner George Campbell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Gloria Jack . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Ricky Wynn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Derek Thompson . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Deborah Latimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant
-7-

DISTRICT PERSONNEL
(As of March 31, 2004)
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 Robert Herndon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Ashlee Torpy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner Kelly Green . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Spencer Mullis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Darla Williams . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner Emily Fennell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Administrative Assistant
Savannah Office
Address: 6555 Abercorn Street, Suite 222, Savannah, Georgia 31405 Phone: (912) 356-2770 Fax: (912) 356-2769
David Widincamp, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Supervisory Examiner 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
JANE WHITFIELD, CEM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .District Director 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 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 Eddie Strom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner John Sutphin, III . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner
-8-

DISTRICT PERSONNEL
(As of March 31, 2004) Large Institution Supervision District - Decatur
Address: 755 Commerce Drive, Suite 912, Decatur, Georgia 30330 Phone: (404) 638-5102 Fax: (404) 638-5110
STEVE PLEGER, District Director . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5109 Lori Binford, CEM, Supervisory Examiner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5104 Amy Johnson, Credit Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5105 Evans Yancy, Credit Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(404) 638-5107 Laura M. Millen, Trust Specialist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(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 di rectly under the supervision of the Director for Mortgage - Supervision. Mortgage examiners may be contacted through the Department's Mortgage Division at the address and phone numbers shown above. Rod Carnes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Special Investigations Examiner Kathie Heale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Special Investigations Examiner 2 Lori Godfrey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Senior Financial Examiner - Mortgage Joel Byers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner-Mortgage Diane Hester . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner-Mortgage Teresa Koeppel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Financial Examiner-Mortgage Tracy Robbins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financial Examiner-Mortgage Thomas Filloramo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Darlene O'Connell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage Betty Thomas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Assistant Financial Examiner-Mortgage
-9-

EXAMINATION DISTRICTS AND WORK AREAS

1 2

District
Main Office Large Institutions
1 2 3 4
5

Location
Atlanta Decatur Woodstock Loganville College Park Dublin Savannah 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
The above map is primarily for the purpose of exhibiting geographical district boundaries based on current institution assignments. However, some districts may have institutions assigned in other geographical areas of the state due to multibank holding companies and/or district workload and scheduling issues. *NOTE: The Large Institutions Supervision District is responsible for the supervision and examination of large institutions.
-10-

SUPERVISORY ACCREDITATIONS

On August 20, 2003, the Department of Banking and Finance's accreditation was renewed by the Conference of State Bank Supervisors (CSBS), based on the findings of an on-site visit by the CSBS Review Team. The Department was first accredited by CSBS in December 1992. The CSBS Accreditation Program identifies banking departments that serve the citizens of their state by operating a capable and professional regulatory program. The primary purpose of the reaccreditation evaluation is to determine whether the Department continues to fulfill its responsibility to charter, examine, supervise and regulate all state-chartered commercial banks in Georgia. The CSBS Review Team found considerable strengths in the Department's current bank regulatory program.

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;

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 the credit unions chartered under the laws of the State of Georgia.

And, to enable t he 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.

-11-

STRATEGIC PLANNING INITIATIVES

The Department of Banking and Finance's strategic plan is reviewed on an annual basis to ensure that it remains current. In the FY2004 formulation of strategic planning, Georgia entered the third cycle of integrated planning processes. The Governor's Office of Planning and Budget, Georgia Merit System, and Georgia Technology Authority have partnered in developing a planning approach that consolidates the requirements of their respective mandates.
For FY2004, the Department has updated its existing strategic plans, building on strategic planning efforts of prior years. In updating the existing plans, the Department has also taken into consideration the Governor's vision for a new Georgia "A change in the culture of state government where people are more important than politics; where government is truly of the people, by the people, and for the people; where government is responsive to the people's needs; and where the public trust in state government is restored."
In building on the existing plan, the Strategic Planning Taskforce has undertaken the task of determining 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, consolidating, and being operated under changing regulatory regimes. The IT and Workforce Plans reflect the growing and continuing importance of the safe and secure use of information technology and the effective use of human capital.
Integral parts of the Department's plan are the Mission and Vision Statements, Key Values, Linkages to the State's Strategic Plan, Strategic Goals, Objectives, and Action Items, and data/analysis pertinent to Information Technology and WorkForce Planning.

The Department's Mission and Vision Statements are as follows:
MISSION STATEMENT The Department will promote the availability of safe, sound and competitive financial services through responsive, high quality regulation and supervision and the protection of the interest of consumers.
VISION STATEMENT The Department will provide a progressive, safe and sound regulatory environment where financial service providers can efficiently and responsibly deliver a broad range of products and services, responsive to the economic needs of Georgia.
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.

-12-

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 opted in 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.
A smooth transition into the new century was welcomed by the regulators and the industry. With extensive federal banking legislation being passed in November, 1999 in the form of the Gramm-Leach-Bliley Act, the Department began its efforts to ensure that Georgia laws and regulations work smoothly with the new federal laws

and regulations in the areas of financial holding companies, financial subsidiaries, and privacy. Legislative changes to the mortgage regulation area have been made in recent years 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 Georgia Fair Lending Act (the Act) became effective on October 1, 2002, and was subsequently amended during the 2003 legislative session. This law was the most significant new statute affecting the residential mortgage loan process in Georgia in 10 years. The intent of the Act is to prohibit abusive mortgage loan practices, which legislators believed were increasingly prevalent in Georgia. The Act places considerable restrictions on "High Cost Home Loans" and some restrictions on all "Home Loans". The law is concerned with loans that are secured by a borrower's principal dwelling located on real estate in Georgia.
Key legislation passed in 2003 provided for the following: (1) a provision to allow for the formation of banks as limited liability companies, (2) a requirement for licensing and regulation of money transmitters.
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 2004
The Department's Housekeeping Bill for 2004 is relatively brief. The first part continues to assist in keeping state bank and credit union charters competitive by relieving administrative burden and keeping their powers updated. The second part cleans up details in the licensing and regulation of money transmitters, which was introduced last year. The third part makes some administrative changes to regulation and financial requirements of mortgage brokers and mortgage lenders.

-13-

COMPARISON OF FISCAL YEAR 2003 & 2002 RECEIPTS AND DISBURSEMENTS

REVENUES COLLECTED
Bank Fees Check Casher & Sale of Check Fees Credit Union Fees Holding Company Fees International Bank Fees Mortgage Fees Miscellaneous Fees
TOTAL RECEIPTS
DISBURSEMENTS
Personal Services Motor Vehicle Expense Supplies and Materials Repairs and Maintenance Travel Expense Motor Vehicle Equipment Purchase Printing Equipment Purchases Office Rent Computer Charges Telecommunications Per Diem and Fees Other Operating Expenses
TOTAL DISBURSEMENTS

FY 2003 10,326,450
288,002 864,304 363,860 23,873 6,348,651
7,329
18,222,469

FY 2002 9,704,753 252,303 771,624 323,935 14,500 5,809,703 29,234
16,906,052

CHANGE 621,697 35,699 92,680 39,925 9,373 538,948 (21,905) -
1,316,417

8,991,008 74,238 29,642 31,276 248,557 16,323 5,728 16,911 525,320 196,962 124,331 10,435 136,559
10,407,290

9,018,177 103,049 84,072 37,342 380,537 126,750 8,052 15,721 488,686 259,380 122,340 18,389 208,445
10,870,940

(27,169) (28,811) (54,430) (6,066) (131,980) (110,427) (2,324)
1,190 36,634 (62,418) 1,991 (7,954) (71,8- 86) (463,650)

NOTE: Revenues co l lected are remi tted to the Office of the Treasury and Fiscal Services.
The level of expenditures is subject to the state budgetary process.

-14-

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 2003

FINANCIAL INSTITUTION, REGISTRANT, OR LICENSEE

TOTALS

OPENED

DECEMBER 31, REGISTERED

2002*

LICENSED

CONVERTED

CLOSED

TOTALS

MERGED LIQUIDATED DECEMBER 31,

DEREGISTERED

2003

BANKS

+3

253

13

-1

-5

263

CREDIT CARD BANKS

3

3

TRUST COMPANIES

1

BUSINESS DEVELOPMENT 1
CORPORATIONS

CREDIT UNIONS

77

BANK HOLDING COMPANIES

(Supervised and/or Registered)

242

19

CHECK SELLERS

23

5

1

1

-1

76

-11

-3

247

-3

25

MONEY TRANSMITTERS

0

30

-1

29

CHECK CASHERS

326

116

INTERNATIONAL BANK AGENCIES

5

INTERNATIONAL BANKING

1

FACILITIES

INTERNATIONAL BANK

REPRESENTATIVE OFFICES

5

REPRESENTATIVE OFFICES

62

15

MORTGAGE BROKERS,

LENDERS, AND REGISTRANTS

2,922

644

-70

372

-1

4

1

-2

3

-12

65

-458

3,108

* Total for Banks and International Bank Facilities does not include AmTrade International Bank of Georgia (AmTrade), Atlanta, GA, which was placed in receivership on September 30, 2002, and the total for Bank Holding Companies does not include the former bank holding company of AmTrade.

-15-

State-Chartered Financial Institutions

BANKS AND TRUST COMPANIES

As reflected in year-end 2003 Call Report information, total assets for state-chartered banks in Georgia amounted to $184 billion, reflecting an increase of roughly $19 billion or 11% from year-end 2002. New bank charter activity continued, with 13 new banks opening during the year. As of the end of the year, the number of banks totaled 266, an increase of 10 from the previous year.

New Banks

The Department received 10 applications for new bank charters during the year. Eight applications were approved during the year (two of which were received in 2002), three were pending approval, one application was withdrawn (received in 2002) and one had not yet been accepted for filing at year-end.

NAME OF BANK Homestead Bank Generations Bank Community Bank of West Georgia Oglethorpe Bank Neighbors Bank First Commerce Community Bank Lanier Community Bank Mountain State Bank Georgia Commerce Bank American Trust Bank Midtown Bank & Trust Company Freedom Bank of Georgia Mountain Heritage Bank Community Bank of Georgia 1st Georgia Banking Company Northwest Bank & Trust Mountain Valley Community Bank First Coweta Bank Highland Commercial Bank New Horizons Bank Local Bank of Middle Georgia

CITY Suwanee Blairsville Villa Rica Brunswick Alpharetta Douglasville Buford Dawsonville Atlanta Roswell Atlanta Commerce Clayton Baxley Franklin Acworth Cleveland Newnan Marietta East Ellijay Warner Robins

COUNTY Gwinnett Union Carroll Glynn Fulton Douglas Gwinnett Dawson Cobb Fulton Fulton Jackson Rabun Appling Heard Cobb White Coweta Cobb Gilmer Houston

CAPITALIZATION APPROVED

$12,000,000

3/18/2002

$9,100,920

5/17/2002

$7,000,000

9/16/2002

$8,308,310

9/18/2002

$10,800,000

10/15/2002

$10,000,000

10/21/2002

$10,000,000

10/29/2002

$10,025,169

12/9/2002

$12,000,000

12/9/2002

$9,100,000

2/5/2003

$10,500,000

5/27/2003

$7,500,000

7/1/2003

$9,624,470

7/3/2003

$5,500,000

8/1/2003

$17,000,000

9/4/2003

$10,000,000

9/25/2003

$7,000,000

12/15/2003

$10,000,000

Pending

$10,000,000

Pending

$8,000,000

Pending

$6,000,000

Withdrawn 09/05/2003

OPENED 2/24/2003 1/27/2003 3/25/2003 8/26/2003 9/19/2003 3/4/2003 6/17/2003 4/15/2003 7/1/2003 8/11/2003 10/30/2003
11/10/2003
11/3/2003

Conversions

During 2003, the Department received four applications for conversion to a state charter. All four conversions were approved during the year. One notification of conversion to a national charter was received and also became effective during the year.

PREVIOUS NAME Fidelity National Bank Frontier Bank, National Association First National Bank of Cherokee Southbank, National Association Dalton Whitfield Bank

CONVERTED TO

CITY

APPROVED EFFECTIVE

Fidelity Bank

Norcross 4/16/2003 5/9/2003

Frontier Bank

LaGrange 9/25/2003 11/3/2003

First Cherokee State Bank Woodstock 11/24/2003 12/15/2003

SouthBank

Woodstock 12/24/2003

FSG Bank, N.A.

Dalton

N/A

6/2/2003

-16-

State-Chartered Financial Institutions
BANKS AND TRUST COMPANIES (Continued) Mergers

During 2003, the Department received five applications/notifications of mergers involving Georgia state banks. Ten applications were approved during the year. As a result of the 10 bank mergers that became effective during 2003, five Georgia state-chartered banks ceased to exist.

NAME OF BANK (SURVIVOR) Northwest Georgia Bank First-Citizens Bank and Trust Company of SC First-Citizens Bank and Trust Company of SC Citizens Trust Bank United Community Bank Farmers and Merchants Bank Dalton Whitfield Bank Main Street Bank SunTrust Bank The Heritage Bank

CITY, STATE MERGED BANK

CITY, STATE

APPROVED EFFECTIVE

Ringgold

The Bank of Sharon

Sharon, TN

1/23/2003 1/25/2003

Columbia, SC First Bank and Trust

Carnesville

1/29/2003 4/1/2003

Columbia, SC The Bank of Toccoa

Toccoa

1/29/2003 4/1/2003

Atlanta

Citizens Federal Savings Bank

Birmingham, AL

2/25/2003 2/28/2003

Blairsville First Georgia Bank

Brunswick

3/3/2003 5/1/2003

Lakeland

The United Banking Company

Nashville

3/17/2003 6/27/2003

Dalton

Premier National Bank of Dalton Dalton

3/19/2003 3/31/2003

Covington First Colony Bank

Alpharetta

5/29/2003 6/23/2003

Atlanta

Lighthouse Community State Bank Hilton Head Isl., SC 6/2/2003 6/2/2003

Hinesville Cumberland National Bank

St. Marys

9/24/2003 9/25/2003

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

PREVIOUS NAME Montgomery County Bank The Blackshear Bank Bank of Gray Bank of Ellaville

NEW NAME Montgomery Bank & Trust PrimeSouth Bank Security Bank of Jones County Central Bank of Georgia

CITY Ailey Blackshear Gray Ellaville

APPROVAL EFFECTIVE 3/6/2003 3/10/2003 4/17/2003 4/21/2003 5/30/2003 5/30/2003 10/7/2003 10/8/2003

Banks in Receivership/Liquidation
As of year-end 2003, there was one bank in receivership. On September 30, 2002, the Department took possession of the business and property of AmTrade International Bank of Georgia, Atlanta (AmTrade) and appointed the Federal Deposit Insurance Corporation as receiver under O.C.G.A. 7-1-150 et. seq. As of December 31, 2003, the FDIC reported approximately $11.7 million in unpaid claims due and an estimated value for the remaining assets of $8.9 million.
TRUST COMPANIES
Trust activities continue to be conducted principally by bank trust departments. There is one state-chartered trust company in Georgia - which is an independent trust company (Reliance Trust Company, Atlanta, Georgia).

-17-

State-Chartered Financial Institutions

CREDIT UNIONS
As reflected in year-end 2003 Call Report information, total assets for state-chartered credit unions in Georgia amounted to $8.3 billion, reflecting an increase of roughly $675 million or 9% from year-end 2002. At the end of 2003, there were 76 state-chartered credit unions.
Voluntary Dissolution of Credit Union Charter
The Department received and approved one application for dissolution of credit union charter during 2003.

CREDIT UNION NAME White Gold Credit Union

CITY

COUNTY APPROVED EFFECTIVE

Dry Branch Twiggs

3/3/2003

5/4/2003

Name Changes Two state-chartered credit unions changed their legal names during the year.

PREVIOUS NAME C-MAR Credit Union Sea Island Employees Credit Union

NEW NAME CMAR Credit Union Sea Island Credit Union

CITY APPROVAL EFFECTIVE Marietta 5/1/2003 5/2/2003 Brunswick 9/4/2003 9/5/2003

OTHER LICENSEES, REGISTRANTS AND REGULATED ENTITIES
BANK HOLDING COMPANIES
Atotal of 247 bank holding companies were registered with the Department at the end of 2003. Nineteen applications were approved to establish new bank holding companies, and 11 applications were approved for additional acquisitions by an existing holding company.

Holding Company Acquisitions

Of the 11 holding company acquisitions approved, eight became effective during the year.

BANK HOLDING COMPANY

CITY, STATE TO ACQUIRE

CITY, STATE

APPROVAL

United Community Banks, Inc.

Blairsville, GA First Central Bank

Lenoir City, TN

2/25/2003

United Community Banks, Inc.

Blairsville, GA First Georgia Bank

Brunswick, GA

3/3/2003

Main Street Banks, Inc.

Kennesaw, GA First Colony Bank

Alpharetta, GA

3/24/2003

SNB Bancshares, Inc.

Macon, GA Bank of Gray

Gray, GA

3/24/2003

SunTrust Banks, Inc.

Atlanta, GA Lighthouse Community Bank Hilton Head Isl., SC 3/31/2003

GB&T Bancshares, Inc.

Gainesville, GA First National Bank of the South Milledgeville, GA 7/14/2003

Liberty Shares, Inc.

Hinesville, GA Cumberland National Bank

St. Marys, GA

8/11/2003

Lauritzen Corporation

Omaha, NE First National of Nebraska, Inc. Omaha, NE

8/14/2003

Community Capital Bancshares, Inc. Albany, GA First Bank of Dothan, Inc.

Dothan, AL

9/16/2003

First National Banc, Inc.

St. Marys, GA First National Bank

Orange Park, FL

11/24/2003

Synovus Financial Corp.

Columbus, GA Peoples Bank

Palm Harbor, FL

12/1/2003

-18-

Other Licensees, Registrants, and Regulated Entities
BANK HOLDING COMPANIES (Continued) Holding Company Formations

Of the 19 holding company formation approved during 2003, 14 became effective during the year. One application was still pending approval at year-end.

BANK HOLDING COMPANY Community Bancshares of West Georgia, Inc. First Commerce Community Bankshares, Inc. Buford Banking Group, Inc. Triangle Financial Group, Inc. Georgia Commerce Bancshares, Inc. Mountain Bancshares, Inc. North Georgia Bancorp, Inc. Community Banks of Georgia, Inc. American Trust Bancorp Central Georgia Banking Company Alliance Bancshares, Inc. GE Capital Consumer Card Co. Carver Financial Corporation Alapaha Holding Company Cornerstone Bancshares, Inc. Freedom Bancshares, Inc. CBS Financial Corporation FNBG Bancshares, Inc. Community Bank of Georgia, Inc. Piedmont Bancshares, Inc.
Eagle National, Inc.

CITY, ST TO ACQUIRE

Villa Rica Community Bank of West Georgia

Douglasville First Commerce Community Bank

Buford

Lanier Community Bank

Loganville The Community Bank

Atlanta

Georgia Commerce Bank

Dawsonville Mountain State Bank

Watkinsville North Georgia Bank

Jasper

Community Bank of Pickens County

Roswell American Trust Bank

Cochran State Bank of Cochran

Dalton

Alliance National Bank

Mason, OH Monogram Credit Card Bank of Georgia

Savannah The Carver State Bank

Alapaha Bank of Alapaha

Atlanta

CornerstoneBank

Commerce Freedom Bank of Georgia (IO)

Smyrna

Community Bank of the South

Duluth

First National Bank of Gwinnett

Baxley

Community Bank of Georgia (IO)

Atlanta

Piedmont Bank of Georgia

Stockbridge Eagle National Bank

CITY

APPROVAL

Villa Rica

1/21/2003

Douglasville 2/6/2003

Buford

2/17/2003

Loganville 3/5/2003

Atlanta

3/17/2003

Dawsonville 3/31/2003

Watkinsville 3/31/2003

Jasper

4/17/2003

Roswell

5/7/2003

Cochran

5/8/2003

Dalton

5/23/2003

Atlanta

6/9/2003

Savannah 6/26/2003

Alapaha

7/10/2003

Atlanta

7/10/2003

Commerce 10/3/2003

Smyrna

11/12/2003

Duluth

11/12/2003

Baxley

11/14/2003

Atlanta

Pending

Stockbridge

Withdrawn 12/08/2003

INTERNATIONAL BANKING

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 four International Bank Agencies licensed by the Department, a decrease of one from the previous year. Three out of the four International Bank Agencies operate as representative offices only, but maintain their license as an agency. During 2003, the number of Domestic International Banking Facilities and International Representative Offices changed minimally. At the end of the year, there were three representative offices of international banks registered or authorized to do business in Georgia and one domestic international banking facilities.

REPRESENTATIVE OFFICES OF BANKS AND BANK HOLDING COMPANIES
A representative office is an office established by a bank, a bank holding company, or an agent or subsidiary of either for the purpose of conducting other than a banking business, and is not considered a main office or a branch office. As of the end of 2003, there were 65 entities registered with the Department having representative offices operating in this state. These included 47 registrants of out-of-state companies (including 9 trust production offices) and 25 registrants of in-state companies.

-19-

Other Licensees, Registrants, and Regulated Entities
MORTGAGE LICENSEES AND REGISTRANTS
Article 13 of Title 7 of the Official Code of Georgia Annotated requiresall persons who transact business as a mortgage broker or mortgage lender to be licensed or registered with the Department, unless they are exempt or subject to notification requirements. At the end of 2003, active licensees and registrants totaled 3,108, a net increase of 186 or 6.37% for the year.
Services offered by licensees and registrants subject to regulation 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.
CHECK CASHERS, SALE OF CHECK COMPANIES, AND MONEY TRANSMITTERS
Check Cashers As of the end of 2003, there were 372 check cashers licensed or registered with the Department. There were 116 new companies licensed or registered to do a check cashing business in Georgia during the year and 70 companies either closed or did not renew their licenses during the year. This represents a net increase of 46 or 14.1% from the previous year.
Check Sellers The Department has been supervising companies which sell traveler's checks and money orders to people in Georgia since 1965. Five new companies were approved for licensing during 2003 and three licensees closed. At the end of the year, 25 companies having a total of 11,232 agents throughout the state were licensed to do business in Georgia. There are only five in-state sale of check companies licensed with the Department. The other 20 companies are outof-state companies licensed to operate in Georgia.
Money Transmitters Since September 11th, federal law enforcement agencies, such as the FBI and FinCEN, have urged states to license and keep a record of persons transmitting money or monetary value. During the 2003 legislative session, Senate Bill 78 passed and included implementation of licensing requirements for money transmitters (Sections 7-1-680 through 7-1-689.1 of the Official Code of Georgia). The law became effective on 7/1/2003. This law revises the above Code Sections to establish a requirement for licensing, background checks and a bond for money transmitters.
The law and regulation changes during 2003 were for the purposes of regulating companies that are receiving money for transmission, particularly transmission abroad, and to establish a minimum level of financial responsibility (through the bonding requirement) for all entities engaging in the business of receiving money for transmission without regard to the method of transmission. At the end of 2003, there were 29 money transmitters licensed to do business in Georgia.
All State Banks, National Banks, Federal Savings and Loan Associations, Federal Savings Banks, and State and Federal Credit Unions conducting a lawful banking business in Georgia may sell checks and transmit money without obtaining a special license from the Department. A listing of these Georgia financial institutions is included herein.
BUSINESS DEVELOPMENT CORPORATIONS
There is one business development corporation - The Business Development Corporation of Georgia, Inc., Atlanta, Georgia - that receives regular examinations by the Department.
-20-

COMPARATIVE REPORTS OF CONDITION OF STATE-CHARTERED BANKS IN GEORGIA
AS OF DECEMBER 31, 2003
WITH COMPARATIVE STATEMENTS AS OF YEAR-END 2002 AND 2001
(AMOUNTS IN MILLIONS)

ASSETS Number of State-Chartered Banks Loans and Leases, Net of Unearned Income
Less: Allowance for Loan and Lease Losses Net Loans & Leases
Cash and Non-Interest Bearing Depository Balances Interest Bearing Depository Balances Securities Assets Held in Trading Accounts Federal Funds Sold and Securities Purchased under Agreement to Resell
Bank Premises, Furniture and Fixtures Other Real Estate Owned Goodwill and Other Intangible Assets All Other Assets
TOTAL ASSETS

12/31/2003 12/31/2002 12/31/2001

266 Banks 256 Banks 265 Banks

128,206 (1,614)

115,375 (1,435)

103,953 (1,304)

126,592

113,940

102,649

6,038 315
32,136 1,376 6,171

7,022 281
29,110 1,084 5,655

6,879 425
24,795 684
4,879

2,560 125
2,023 6,572
183,908

2,302 111
1,542 4,258
165,305

2,193 105 873
3,949
147,431

LIABILITIES TOTAL DEPOSITS
Federal Funds Purchased and Securities Sold under Agreement to Repurchase Other Borrowed Funds Trading Liabilities Subordinated Notes and Debentures All Other Liabilities TOTAL LIABILITIES
EQUITY CAPITAL Preferred Stock Common Stock Surplus Undivided Profits and Capital Reserves Other Capital Components and Adjustments TOTAL EQUITY CAPITAL

125,694
16,298 17,708 1,044 2,178 4,512 167,434

117,345
15,294 11,318
2,170 3,830 149,957

101,423
14,114 12,035
1,996 3,981 133,549

19 514 7,035 8,906
-
16,474

1 419 5,245 7,529 2,154
15,348

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

TOTAL LIABILITIES AND EQUITY CAPITAL

183,908

165,305

147,431

At year-end 2003, there were 56 national banks with total assets of approximately $21 billion and 22 federal savings banks/thrifts with total assets of approximately $9 billion.

-21-

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED BANKS IN GEORGIA
AS OF DECEMBER 31, 2003
WITH COMPARATIVE STATEMENTS AS OF YEAR-END 2002 AND 2001 (AMOUNTS IN MILLIONS)

INTEREST INCOME Number of State-Chartered Banks Interest and Fees on Loans Income from Lease Financing Receivables 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 Trading Liabilities and 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

12/31/2003 266 Banks 7,128 158 6

12/31/2002 256 Banks 6,485 170 12

12/31/2001 265 Banks 7,571 179 16

69 965
7 37
8,370

94 1,144
7 36
7,948

190 1,370
9 42
9,377

1,483
168 470 85 2,206
6,164 4,731

1,985
214 450 111 2,760
5,188 3,767

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

2,867 818
2,382 6,067
633
123 4,318 1,408 2,910
-
2,910

2,801 749
1,974 5,524
696
200 2,935
826 2,109
-
2,109

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

-22-

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

STATE-CHARTERED BANKS*

NAME OF BANK
Dorsey State Bank Wilcox County State Bank Adel Banking Company Montgomery Bank & Trust 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 Integrity Bank Monogram Credit Card Bank of Georgia Neighbors Bank Citizens Bank of Americus Sumter Bank and Trust Company Colony Bank Ashburn Athens First Bank & Trust Company First American Bank and Trust Company Georgia Commerce Bank * The Bankers Bank The Prudential Bank and Trust Company Capitol City Bank & Trust Company * Citizens Trust Bank Flag Bank Georgia Banking Company Midtown Bank & Trust Company Piedmont Bank of Georgia * RBC Centura Card Bank * SunTrust Bank United Commercial Bank Georgia Bank & Trust Company of Augusta The First Port City Bank Barwick Banking Company Peoples State Bank & Trust Peoples Bank PrimeSouth Bank Seasons Bank United Community Bank Bank of Early First State Bank of Blakely Colony Bank Southeast Oglethorpe Bank The Coastal Bank of Georgia The First Bank of Brunswick Lanier Community Bank Peoples Bank & Trust Farmers State Bank Cairo Banking Company Citizens Bank Georgia Bank & Trust Bank of Camilla Planters & Citizens Bank Citizens Bank and Trust of West Georgia McIntosh Commercial Bank

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

10/04/1972 04/22/1952 03/01/1929 03/01/1926 01/17/1945 03/25/1905 08/31/1970 09/15/1941 10/14/1939 08/05/1960 11/01/2000 06/27/1988 09/19/2003 03/25/1937 10/28/1974 07/30/1900 05/30/1929 11/01/1949 07/01/2003 01/31/1986 09/04/1945 10/03/1994 08/17/1921 07/01/1931 11/01/2001 10/30/2003 10/09/2001 07/12/2000 11/08/1891 09/03/2002 08/28/1989 10/07/1974 06/01/1967 07/01/1966 08/05/1946 07/07/1892 01/27/2003 03/01/1950 04/28/1941 05/15/1937 07/01/1946 08/26/2003 06/01/1950 07/02/1990 06/17/2003 12/13/1984 11/15/1966 11/23/1903 01/01/1904 02/15/1988 01/02/1890 05/24/1913 07/01/1947 11/05/2002

8,291 52,304 74,458 145,082 44,691 77,458 293,056 37,954 81,050 1,661,153 278,753 5,012,284 12,725 154,983 168,948 273,516 874,470 231,731 23,212 1,476,887 390,325 137,250 360,418 698,114 60,375 18,118 126,567
9,694 124,453,567
74,022 629,465 104,951
12,368 58,265 162,754 200,938 37,822 3,107,151 73,461 182,035 92,334 24,502 410,749 151,438 59,845 302,919 98,603 86,026 47,068 338,245 81,650 80,653 459,445 105,451

www.adelbanking.com
www.securitybank-albany.com
www.banknorthgeorgia.com www.myintegritybank.com
www.cbkamericus.com www.sumterbank.com www.colonybank.com www.athensfirstbank.com www.fabathens.com www.gacommercebank.com www.bankersbank.com www.prudential.com
www.ctbatlanta.com
www.geobanking.com www.midtownbankandtrust.com www.piedmontbankga.com www.centura.com www.suntrust.com www.atlantabusinessbank.com www.georgiabankandtrust.com www.firstportcity.com
www.psbbaxley.com
www.primesouth.com
www.ucbi.com
www.fsbanks.com www.colonybank.com
www.coastalbankofga.com www.firstbankbrunswick.com
www.peoplesbanktrust.com www.farmersstate-online.net www.cairobankingcompany.com www.cbankcairo.com www.gbtcalhoun.com www.bankofcamilla.net www.pcbankonline.com www.cbtwga.com www.mcintoshcommercialbank.com

* Member of the Federal Reserve System

-23-

**Amounts in Thousands as of 12/31/2003

STATE-CHARTERED BANKS*

CITY

NAME OF BANK

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

Cartersville Cartersville Chatsworth Chickamauga Clarkesville Claxton Claxton Clayton Clayton Cochran Cochran Colquitt Columbus Columbus Comer Cordele Cordele Cornelia Covington Covington Crawford Cumming Cuthbert Dahlonega Dalton Darien Dawson Dawson Dawsonville Dawsonville Decatur Decatur Donalsonville Donalsonville Doraville Doraville Douglasville Douglasville Douglasville Dublin Dublin Dudley Duluth Duluth Eastman Eastman Eastman Eatonton Eatonton Edison Elberton Ellaville Ellijay Fayetteville

Bartow County Bank Century Bank of Bartow County Cohutta Banking Company Bank of Chickamauga Habersham Bank The Claxton Bank Tippins Bank & Trust Company Mountain Heritage Bank Rabun County Bank State Bank of Cochran * The Citizens Bank of Cochran Peoples Community Bank BB&T Bankcard Corporation Columbus Bank and Trust Company Merchants and Farmers Bank of Comer, Georgia Central Bank & Trust 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 First Bank of Dalton Southeastern Bank Bank of Dawson Bank of Terrell Chestatee State Bank Mountain State Bank Decatur First Bank Horizon Bank Commercial State Bank Merchants and Farmers Bank First Intercontinental Bank Global Commerce Bank Citizens & Merchants State Bank Douglas County Bank First Commerce Community Bank Farmers & Merchants Bank The Morris State Bank Bank of Dudley * The Peachtree Bank Gwinnett Community Bank Bank of Eastman Citizens Bank & Trust Company Colony Bank of Dodge County * Farmers & Merchants Bank The Peoples Bank The Bank of Edison Pinnacle Bank Central Bank of Georgia Appalachian Community Bank Southern Community Bank

03/28/1974 06/29/2000 01/24/1906 05/10/1910 05/30/1904 02/24/1941 09/03/1940 11/10/2003 10/10/1975 01/05/1922 07/01/1942 10/19/1973 07/01/1998 04/01/1889 10/10/1935 01/23/1986 03/30/1896 08/04/1900 08/28/1963 04/01/1901 09/05/1924 02/03/1997 01/02/1959 12/14/1982 01/08/1996 01/24/1889 07/01/1911 08/31/1999 05/15/1998 04/15/2003 09/02/1997 01/24/2000 08/31/1999 09/24/1925 01/31/2000 08/18/1995 10/06/1987 06/24/1974 03/04/2003 07/06/1910 10/02/1958 11/30/1905 10/05/1998 10/18/1999 01/02/1919 04/01/1949 09/26/1966 11/15/1922 05/01/1944 12/31/1904 03/12/1934 09/16/1910 03/03/1995 06/02/2000

274,941 73,708
235,045 61,860
374,547 98,878 54,837 16,706
158,928 159,158
83,988 110,036 168,007 4,524,849 120,627
56,757 288,158 631,350 444,786 1,969,305
82,006 120,403
49,721 70,888 97,699 374,103 87,732 116,835 225,877 45,782 101,852 124,862 82,899 96,914 80,545 80,349 183,582 214,691 58,637 394,140 113,166 111,324 255,486 197,488 182,897 125,910 70,285 148,465 120,049 38,138 368,163 145,102 409,121 195,606

www.bartowcountybank.com www.centurybanknet.com www.cohuttabank.com
www.habcorp.com www.theclaxtonbank.com www.tippinsbank.com www.mountainheritagebank.com www.rabuncountybank.com
www.citizensbankcochran.com
www.bbandt.com www.columbusbankandtrust.com
www.centralbankandtrust.com www.plantersfirst.com www.corebanking.net www.firstnationbank.com www.mainstreetbank.com
www.citizbank.com
www.lumpkincountybank.com www.firstbankofdalton.com www.southeasternbank.com
www.chestateestatebank.com www.mountainstatebank.com www.decaturfirstbank.com www.thehorizonbank.com
www.merchants-farmersbank.com www.firsticbank.com www.bankonglobal.com www.citizens-merchantsbank.com www.dcbank.com
www.fmb-online.com www.morrisstate.com www.bankofdudley.com www.thepeachtreebank.com www.gwinnettcommunitybank.com www.bankofeastman.com www.citizensbankandtrust.net www.colonybank.com www.ibankfmb.com www.tpbeatonton.com
www.pinnaclebank.com www.ellaville.com www.gilmercountybank.com www.southerncommunitybank.com

* Member of the Federal Reserve System

-24-

**Amounts in Thousands as of 12/31/2003

STATE-CHARTERED BANKS*

CITY

NAME OF BANK

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

Fitzgerald

Colony Bank of Fitzgerald

Fitzgerald

Community Banking Company of Fitzgerald

Forsyth

Monroe County Bank

Forsyth

The Farmers Bank

Fort Oglethorpe Capital Bank

Fort Valley

The Citizens Bank

Franklin

1st Georgia Banking Company

Gainesville

Gainesville Bank & Trust

Gibson

FirstCity Bank

Glennville

First Citizens Bank

Glennville

Glennville Bank

Glennville

South Georgia Bank

Gray

Piedmont Community Bank

Gray

Security Bank of Jones County

Greenville

The Greenville Banking Company

Haddock

Jones County Bank

Hahira

Citizens Community Bank

Hawkinsville

SunMark Community Bank

Hazlehurst

Bank of Hazlehurst

Hiawassee

Bank of Hiawassee

Hinesville

The Heritage Bank

Hiram

Community Trust Bank

Irwinton

Wilkinson County Bank

Jackson

* First Georgia Community Bank

Jackson

McIntosh State Bank

Jasper

Community Bank of Pickens County

Jasper

Crescent Bank and Trust Company

Jasper

Jasper Banking Company

Jeffersonville

Peoples State Bank

Jonesboro

Community Capital Bank

Jonesboro

Heritage Bank

Kingsland

Citizens State Bank

LaFayette

The Bank of LaFayette, Georgia

LaGrange

Commercial Bank & Trust Company of Troup County

LaGrange

Community Bank and Trust - Troup

LaGrange

Frontier Bank

Lakeland

Farmers and Merchants Bank

Lavonia

Northeast Georgia Bank

Lawrenceville

First Bank of the South

Lawrenceville

Gwinnett Banking Company

Lawrenceville * The Brand Banking Company

Leary

Southern Horizon Bank

Lenox

Bank of Lenox

Lincolnton

Farmers State Bank

Lithonia

The Peoples Bank

Loganville

The Community Bank

Lumber City

Bank of Lumber City

Lumpkin

Farmers State Bank

Lyons

Peoples Bank

Mableton

Georgia State Bank

Macon

New Southern Bank

Macon

* Rivoli Bank & Trust

Macon

Security Bank of Bibb County

Madison

Bank of Madison

04/15/1976 04/19/1996 10/15/1908 12/31/1910 08/07/1964 01/01/1907 11/03/2003 02/01/1988 11/27/1905 01/04/1943 01/18/1905 12/31/1987 07/22/2002 08/28/1909 12/31/1891 07/25/1905 02/21/1927 08/27/1949 10/30/1906 07/21/1909 11/15/1911 02/02/1988 07/16/1907 09/08/1997 09/18/1964 10/02/2000 08/14/1989 03/12/1945 12/10/1969 08/05/2002 12/31/1955 02/24/1947 01/01/1900 09/15/1941 12/15/1984 05/23/1946 12/31/1907 09/23/1940 05/15/2000 10/31/1997 07/17/1905 01/03/1966 06/25/1907 12/02/1911 12/31/1910 10/05/1946 07/02/1945 12/30/1911 06/01/1935 04/28/1986 12/10/2001 06/12/1997 11/03/1988 01/01/1890

149,557 83,764 79,525 61,193 95,864
102,048 63,099
390,844 63,826 66,411
105,376 69,263 31,850
249,765 23,125 5,615 88,262
133,106 80,255
241,605 280,425 171,524
39,570 146,976 276,686 119,358 340,370 252,278
21,528 47,026 294,989 33,974 155,018 206,725 82,375 303,778 178,885 252,270 335,768 247,456 605,769 15,049 33,383 96,171 139,692 251,126 17,982 53,285 70,329 292,131 161,279 154,940 488,254 146,666

www.colonybank.com
www.mcb1908.com www.farmersbank.net www.capitalbank-ga.com www.cbfv.com www.firstgabnk.com www.gbt.com www.firstcityonline.com
www.glennvillebank.com www.southgabank.com
www.securitybank.net
www.citizenscommunitybank.net www.sunmarkbank.com www.bankofhazlehurst.com www.bankhiawassee.com www.the-heritage-bank.com www.communitytrustbank.com
www.firstga.com www.mcintoshbancshares.com www.communitybankofpickenscounty.com www.crescentbank.com www.jasperbanking.com
www.communitycapitalbank.us www.heritage24.com
www.bankoflafayette.com www.combanktrust.com www.corebanking.net www.frontierbank.net www.fmbbancshares.com www.northeastgabank.com www.firstbankofthesouth.com www.btynan@gwinnettbanking.com www.thebrandbank.com
www.bankoflenox.com
www.peoplesbankga.com www.gotcb.com
www.geobank.com www.newsouthernbank.com www.rivolibank.com www.securitybank.net

* Member of the Federal Reserve System

-25-

**Amounts in Thousands as of 12/31/2003

STATE-CHARTERED BANKS*

CITY

NAME OF BANK

Manchester Marietta Marietta Marietta McDonough McRae McRae Metter Milledgeville Milledgeville Molena Monticello Moultrie Moultrie Mount Vernon Nashville Newington Newnan Newnan Norcross Norcross Oakwood Omega Patterson Peachtree City Pearson Pelham Pembroke Perry Perry Pine Mountain Powder Springs Quitman Reidsville Reynolds Richmond Hill Ringgold Ringgold Roberta Rochelle Rochelle Rockmart Rome Rome Rossville Roswell Sandersville Sandersville Sardis Savannah Savannah Savannah Senoia Smyrna

F & M Bank and Trust Company Charter Bank and Trust Co. Riverside Bank Security Exchange Bank First Bank of Henry County 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 Bank of Newington Bank of Coweta * Newnan Coweta Bank Fidelity Bank First Capital Bank Southern Heritage Bank South Georgia Banking Company The Patterson Bank The Bank of Georgia The Citizens Exchange Bank Pelham Banking Company * First Bank of Coastal Georgia Security Bank of Houston County 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 American Trust Bank Citizens Bank of Washington County The Geo. D. Warthen Bank Southern Bank First Chatham Bank The Carver State Bank The Coastal Bank Farmers and Merchants Community Bank Community Bank of the South

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

02/21/1948 02/03/1989 04/17/1987 04/17/2000 01/28/2002 03/28/1929 08/23/1972 10/15/1962 03/30/1898 06/01/1903 03/30/1899 02/10/1964 10/01/1971 01/03/1928 01/24/1901 03/30/1943 08/14/1919 10/06/1972 04/20/2000 02/12/1974 12/18/1989 01/04/1999 01/02/1968 06/19/1907 02/18/2000 05/12/1945 12/08/1936 02/11/1938 09/14/1987 12/31/1889 07/09/1990 11/14/2001 12/31/1888 10/22/1900 09/08/1922 12/27/1989 04/21/1997 08/30/1904 06/15/1998 06/30/1906 08/01/1947 01/16/1990 01/01/1911 02/26/1996 12/13/1963 08/11/2003 05/03/1965 09/21/1891 07/02/1945 01/23/2002 06/04/1947 07/09/1970 03/02/1874 08/02/1999

55,342 283,483 510,389
69,240 87,482 104,242 36,095 63,251 132,267 157,058 31,729 71,642 194,556 245,484 67,839 106,401 64,091 344,451 113,629 1,091,583 438,529 114,985 173,324 96,278 204,172 24,119 49,245 82,892 175,924 109,800 59,691 248,727 90,665 51,132 40,689 131,756 168,956 415,646 58,424 50,949 19,254 76,549 259,861 131,659 91,126 23,155 144,869 133,531 62,415 147,469 24,111 239,004 73,730 174,584

www.charterbank-trust.com www.riversidebank.net
www.firstbankofhenry.com
www.pinelandbank.com www.centurybankonline.com www.exchangebankshares.com
www.bankofmonticelloga.com www.americanbankingcompany.com www.sgfc.com www.mvbankonline.com
www.bankofcoweta.com www.newnancowetabank.com www.lionbank.com www.fcbusa.com www.soheritagebank.com
www.pattersonbank.com www.bankofgeorgia.com
www.pelhambank.com www.firstbankofcg.com www.securitybank.net www.bop1889.com www.firstpeoplesbank.com www.georgianbank.com www.heritage-communitybank.com www.tattnallbank.com
www.bryanbank@clds.com www.gwbt.com www.northwestgabank.com
www.colonybank.com
www.ubtbank.com www.citizensfirst-rome.com www.greaterromebank.com www.rossvillebank.com www.americantrustbank.us www.cbwc.com www.gdwbank.com www.burke.netbbc/ www.firstchatham.com www.carverstatebank.com www.thecoastalbank.com www.fmcbonline.com www.cbsouth.com

* Member of the Federal Reserve System

-26-

**Amounts in Thousands as of 12/31/2003

STATE-CHARTERED BANKS*

CITY
Social Circle Soperton Sparta Sparta Springfield St. Marys Statesboro Statesboro Stockbridge Suwanee Swainsboro Swainsboro Sylvania Sylvester Sylvester Talbotton Thomaston Thomaston Thomasville Thomasville Thomson Tifton Tifton Toccoa Trenton Twin City Union Point Uvalda Valdosta Valdosta Valdosta Vidalia Vienna Villa Rica Villa Rica Warner Robins Warrenton Washington Watkinsville Watkinsville Waycross Willacoochee Winder Winder Woodbury Woodland Woodstock Wrens Wrightsville Zebulon

NAME OF BANK
Georgia Central Bank The Bank of Soperton Bank of Hancock County United Security Bank Citizens Bank of Effingham Satilla Community Bank Farmers & Merchants Bank Sea Island Bank The First State Bank Homestead 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 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 Community Bank of West Georgia 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 Cherokee State Bank First State Bank Bank of Wrightsville United Bank

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

03/08/1924 12/31/1903 09/05/1904 06/01/1967 09/08/1998 11/20/2001 02/17/1948 12/31/1901 10/08/1964 02/24/2003 03/01/1965 12/31/1900 12/31/1946 06/22/1981 07/30/1898 01/13/1891 10/01/1951 04/15/1974 11/20/1911 07/22/1916 01/09/1989 04/15/1948 02/24/1937 07/20/1984 01/12/1956 07/05/1935 09/06/1911 05/16/1966 03/30/1906 05/01/2001 06/28/1971 07/01/1934 07/30/1976 03/25/2003 10/22/1997 01/04/1985 04/30/1902 03/14/1950 04/17/2000 02/01/1960 06/01/1988 01/15/1952 04/15/1998 10/30/1926 09/29/1902 11/25/1907 11/27/1989 07/06/1964 02/16/1897 01/31/1905

82,098 45,812 78,570 49,237 109,346 43,274 140,576 255,799 514,903 50,766 89,338 84,079 102,638 139,257 44,091 18,065 256,329 83,979 49,219 379,943 265,899 160,757 221,503 24,386 82,080 94,042 84,207 116,001 338,013 81,963 728,607 444,605 64,536 40,017 162,448 347,888 47,795 225,204 81,926 251,918 99,741 43,546 70,460 234,937 20,049 74,483 190,578 91,492 65,260 524,489

www.georgiacentralbank.com
www.satillacommunitybank.com www.fmbnk.com www.seaislandbank.com www.firststateonline.com www.homesteadbank.biz www.spiveybank.net
www.colonybank.com
www.bankofupson.com www.wcgb.com www.bankofthomascounty.com www.bankcb.com www.firstbankofga.com www.citizenssecuritybank.com www.firstcommunbanktifton.com
www.bankofdade.com
www.altamahabank.com www.fsbtc.com www.guardianbankonline.com www.parkavebank.com www.darbybank.com www.bankofdooly.com www.cbwg.us www.myhtb.com www.floydgregory@cbtbank.com
www.northgabank.com www.oconeestatebank.com www.waycrossbankandtrust.com www.thepeoplesbank.com www.firstpiedmontbank.com www.tpbonline.com
www.talbotstatebank.com www.fnbinternet.com www.firstate.net www.bankofwrightsville.com www.accessunited.com

* Member of the Federal Reserve System

-27-

**Amounts in Thousands as of 12/31/2003

NATIONAL BANKS

CITY

NAME OF BANK

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

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 Commerce Conyers Dallas Dalton Darien Douglas Douglas Duluth Gainesville Griffin Kennesaw Lawrenceville Lawrenceville Louisville Marietta Milledgeville Monroe Norcross Peachtree City Quitman Saint Marys Savannah Savannah Statesboro Stockbridge Summerville

Albany Bank & Trust, National Association First National Bank of South Georgia First National Bank South Chattahoochee National Bank Futurus Bank, National Association North Atlanta National Bank Community National Bank The National Bank of Georgia The Summit National Bank Bank of America Georgia, National Association InfiBank, National Association The Buckhead Community Bank, National Association 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, National Association NBank, National Association Liberty National Bank First National Bank West Metro Alliance National Bank Sapelo National Bank Douglas National Bank First National Bank of Coffee County First National Bank of Gwinnett The National Bank of Gainesville 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 First Security National Bank Peachtree National Bank The Citizens National Bank of Quitman First National Bank First National Bank The Savannah Bank, National Association First Southern National Bank Eagle National Bank First National Bank of Chattooga County

04/28/1999 05/29/1991 02/15/1950 07/27/1998 05/02/2001 11/16/1998 08/06/1990 05/08/2000 03/10/1988 02/13/2001 04/27/1998 02/06/1998 09/20/1999 06/02/1997 04/02/1902 08/31/1998 03/04/1909 05/26/2000 02/10/1999 07/26/1999 09/16/1946 11/30/1998 01/01/1920 08/18/1975 06/26/2000 01/01/1904 10/14/1997 03/25/2002 10/25/1999 05/29/1997 11/19/2001 09/23/1991 11/14/2000 03/25/2002 05/12/1933 11/19/1990 05/03/1999 02/02/1998 01/01/1902 12/21/1998 07/03/1989 01/01/1891 06/25/1985 09/11/1986 08/25/1934 07/10/1989 04/01/1996 08/22/1990 02/05/2002 12/02/1997 05/22/1968

128,509 80,664
207,454 142,490
66,897 63,687 152,618 129,982 476,870 6,838,505 120,773 190,949 89,400 6,511,854 97,143 148,999 192,448 94,930 103,348 117,905 391,473 159,668 146,787 145,838
6,178 267,252 156,310
71,813 87,583 92,677 73,044 110,364 88,149 55,051 301,099 83,979
7,853 8,758 472,266 189,488 154,657 229,614 99,997 291,458 72,250 142,021 93,481 344,291 63,040 60,967 45,007

www.albanybankandtrust.com www.first-nationalbank.com
www.bankthehooch.com www.futurusbank.com www.nanb.com www.communitynational-bank.com www.tnbg.net www.summitbk.com www.bankofamerica.com www.inficorp.com www.buckheadcommunitybank.com www.unitedamericasbank.com www.wachovia.com www.1stnationalonline.com www.atlanticnationalbank.com
www.unbonline.com www.northganationalbank.com www.cherokeebank.com www.wgnb.com www.unitynationalbank.com www.fnbpolk.com
www.pointpathbank.com www.nbank.com www.libertywebbank.com www.fnbwestmetro.com www.alliancenationalbank.com www.sapelonational.com www.dnbdouglas.com www.fnbcc.com
www.nbogbank.com www.fnbgriffin.com www.fnanb.com
www.fnbtrust.com www.southernnationalbank.com www.inthebank.com www.nbwc.com www.fsnbga.com www.pchnb.com
www.fnbcamden.com
www.savannahbank.com www.first-southern.com www.eagleanywhere.com

-28-

**Amounts in Thousands as of 12/31/2003

CITY
Suwanee Thomasville Tucker Waynesboro Woodstock

NATIONAL BANKS

NAME OF BANK
Quantum National Bank Thomasville National Bank Mountain National Bank The First National Bank of Waynesboro SouthBank, National Association

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

12/27/1995 10/02/1995 08/02/1988 01/01/1905 05/20/2002

172,486 201,356 246,088
87,621 65,317

www.quantumbank.com www.tnbank.com www.mountainnational.com
www.southbankna.com

-29-

**Amounts in Thousands as of 12/31/2003

FEDERAL SAVINGS BANKS / THRIFTS

CITY
Albany Alpharetta Atlanta Atlanta Atlanta Covington Dalton Elberton Fairburn Gordon Greensboro Hahira Pelham Quitman Rome Thomasville Toccoa Trenton Valdosta Vidalia Waycross West Point

NAME OF BANK

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

Heritage Bank of the South NetBank CornerstoneBank Ebank The Prudential Savings Bank, FSB Newton Federal Bank Georgia Community Bank Elberton Federal Savings and Loan Association 1st Community Bank The Gordon Bank BankSouth Commercial Banking Company Family Federal Savings Bank Colony Bank Quitman, FSB Heritage First Bank Thomas County Federal Savings and Loan Association Stephens Federal Bank Citizens Bank & Trust, Inc. First Federal Savings and Loan Association of Valdosta Vidalia Federal Savings Bank Atlantic Coast Federal CharterBank

01/01/1955 03/21/1988 02/20/2001 08/17/1998 08/07/1989 01/01/1928 03/05/2002 01/01/1922 01/01/1902 04/29/1994 04/10/1946 01/01/1934 01/01/1931 06/22/1936 01/01/1904 01/01/1934 01/01/1933 01/18/1988 09/01/1934 09/01/1936 03/27/1939 06/15/1954

331,149 4,155,337
90,998 111,087 664,686 219,646
52,827 22,426 191,660 38,040 190,394 113,057 74,358 90,977 35,038 310,288 169,016 65,257 154,604 205,745 498,582 908,501

www.eheritagebank.com www.netbank.com www.csbankatl.com www.ebank.com www.prudential.com www.newtonfederal.com
www.1stcommbank.com
www.thecubank.com www.cbcbank.com www.familybankonline.com
www.heritagefirstbank.com www.thomascountyfederal.com www.stephensfederalbank.com
www.acfederal.net www.charterbank.net

-30-

**Amounts in Thousands as of 12/31/2003

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME
MONTGOMERY COUNTY BANKSHARES, INC. *Montgomery County Bank

CITY
Ailey Ailey

APPROVED 01/27/1987

WHEELER BANCSHARES, INC. *Wheeler County State Bank

Alamo Alamo

08/22/2002

ALAPAHA HOLDING COMPANY *Bank of Alapaha

Alapaha Alapaha

07/10/2003

COMMUNITY CAPITAL BANCSHARES, INC. *Albany Bank & Trust, National Association First Bank of Dothan, Inc.

Albany Albany Dothan, AL

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

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

Alpharetta Alpharetta

04/04/2000

INTEGRITY BANCSHARES, INC. *Integrity Bank

Alpharetta Alpharetta

07/28/2000

NEIGHBORS BANCSHARES, INC. *Neighbors Bank

Alpharetta Alpharetta

12/16/2002

NETBANK, INC. NetBank

Alpharetta Alpharetta

04/12/1999

COMMUNITY NATIONAL BANCORPORATION *Community National Bank First National Bank

Ashburn Ashburn 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

* Lead Bank

-31-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

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

CITIZENS BANCSHARES CORP. *Citizens Trust Bank

Atlanta Atlanta

07/01/1976

COMMUNITY FINANCIAL SERVICES, INC. *The Bankers Bank

Atlanta Atlanta

11/18/1985

CORNERSTONE BANCSHARES, INC. *CornerstoneBank

Atlanta Atlanta

07/10/2003

EBANK FINANCIAL SERVICES, INC. *Ebank

Atlanta Atlanta

05/27/1998

FIDELITY SOUTHERN CORPORATION *Fidelity Bank

Atlanta Norcross

12/18/1979

FLAG FINANCIAL CORPORATION *FLAG Bank

Atlanta Atlanta

02/23/1994

GEORGIA BANKING COMPANY, INC. *Georgia Banking Company

Atlanta Atlanta

09/24/2001

GEORGIA COMMERCE BANCSHARES, INC. *Georgia Commerce Bank

Atlanta Atlanta

03/07/2003

RELIANCE FINANCIAL CORPORATION *Reliance Trust Company

Atlanta Atlanta

05/25/2001

SUMMIT BANK CORPORATION *The Summit National Bank

Atlanta Atlanta

09/11/1987

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

Atlanta Orlando, FL Atlanta

01/11/1985 10/19/1999

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

Atlanta Atlanta

07/07/1999

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

Augusta Augusta

11/27/1991

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

Augusta Thomson

05/06/1997

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

Bainbridge Bainbridge

08/11/1981

UNITED BANK CORPORATION *United Bank
* Lead Bank

-32-

Barnesville Zebulon

11/25/1981

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

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
PEOPLES BANKING CORPORATION *Peoples Bank
GENERATIONS BANCSHARES, INC. *Generations Bank
UNITED COMMUNITY BANKS, INC. *United Community Bank First Central Bank United Community Bank
EARLY BANCSHARES, INC. *Bank of Early
FIRST STATE BANCSHARES OF BLAKELY, INC. *First State Bank of Blakely
ATLANTIC NATIONAL CORPORATION *Atlantic National Bank
FIRST HARALSON CORPORATION *First National Bank of Georgia
BUFORD BANKING GROUP, INC. *Lanier Community Bank
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
MCB FINANCIAL GROUP, INC. *McIntosh Commercial Bank

Birmingham, AL Birmingham, AL Mableton
Birmingham, AL Birmingham, AL
Birmingham, AL Birmingham, AL
Birmingham, AL Birmingham, AL
Blackshear Blackshear
Blairsville Blairsville
Blairsville Blairsville Lenoir City, TN Murphy, NC
Blakely Blakely
Blakely Blakely
Brunswick Brunswick
Buchanan Buchanan
Buford Buford
Calhoun Calhoun
Camilla Camilla
Camilla Camilla
Canton Canton
Carrollton Carrollton

08/28/1998
** ** ** 02/28/1990 09/30/2002 02/04/1988
02/02/1993 06/13/1986 11/15/2000 03/06/1984 02/17/2003 05/17/2000 03/24/1992 12/30/1980 06/11/1999 09/09/2002

* Lead Bank

-33-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

WGNB CORP. *West Georgia National Bank of Carrollton

Carrollton Carrollton

08/12/1985

BARTOW BANCSHARES, INC. *Bartow County Bank

Cartersville Cartersville

04/28/1983

UNITY HOLDINGS, INC. *Unity National Bank

Cartersville Cartersville

05/15/1998

FIRST POLK BANKSHARES, INC. *The First National Bank of Polk County

Cedartown Cedartown

05/20/1986

BANK OF AMERICA CORPORATION *Bank of America, National Association
NB HOLDINGS CORPORATION *Bank of America Georgia, National Association

Charlotte, NC Charlotte, NC Charlotte, NC Atlanta

12/12/1985 01/16/2001

BELK, INC. *Belk National Bank

Charlotte, NC

**

Lawrenceville

THE CATO CORPORATION *Cedar Hill National Bank

Charlotte, NC

**

Lawrenceville

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

Charlotte, NC

**

Charlotte, NC

Augusta

FIRST CHATSWORTH BANCSHARES, INC. *The First National Bank of Chatsworth

Chatsworth Chatsworth

03/03/1983

FIRST SECURITY GROUP, INC. *FSGBank, National Association

Chattanooga, TN

**

Chattanooga, TN

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

CENTRAL GEORGIA BANKING COMPANY *State Bank of Cochran

Cochran Cochran

05/08/2003

PEOPLES COMMUNITY BANCSHARES, INC. *Peoples Community Bank Peoples Community Bank Peoples Community Bank
FIRST CITIZENS BANCORPORATION OF SOUTH CAROLINA, INC. *First-Citizens Bank and Trust Company of South Carolina Citizens Bank

Colquitt Colquitt Columbia, AL Malone, FL
Columbia, SC Columbia, SC Warrenton

04/09/1991 09/30/2002

* Lead Bank

-34-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

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
*Columbus Bank and Trust Company pointpathbank, N.A. First Nation Bank Citizens & Merchants State Bank First Coast Community Bank The Citizens Bank Commercial Bank & Trust Company of Troup County Charter Bank and Trust Co. The National Bank of Walton County The Bank of Nashville Bank of Coweta Peachtree National Bank Bank of Pensacola CB&T Bank of Russell County The Quincy State Bank Citizens First Bank United Bank of the Gulf Coast United Bank and Trust Company Sea Island Bank The National Bank of South Carolina 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
SYNOVUS FINANCIAL CORP. OF ALABAMA First Commercial Bank Community Bank and Trust of Southeast Alabama First Commercial Bank of Huntsville The First National Bank of Jasper Sterling Bank The Bank of Tuscaloosa
COLUMBUS BANK AND TRUST COMPANY Synovus Trust Company, N.A.

Columbus Albany Alpharetta Americus Athens Brunswick Calhoun Carrollton Chatsworth Columbus Columbus Covington Douglasville Fernandina Beach, FL Fort Valley LaGrange Marietta Monroe Nashville, TN Newnan PeachtreeCity Pensacola, FL Phenix City, AL Quincy, FL Rome Sarasota, FL St. Petersburg, FL Statesboro Sumter, SC Tallahassee, FL Thomasville Tifton Tucker Valdosta Valparaiso, FL Warner Robins Birmingham, AL Birmingham, AL Enterprise, AL Huntsville, AL Jasper, AL Montgomery, AL Tuscaloosa, AL Columbus Columbus

07/01/1976
10/04/1988 01/03/1995

NBANK.CORP, INC. *NBANK, National Association
LIBERTY NATIONAL BANKSHARES, INC. *Liberty National Bank

Commerce Commerce
Conyers Conyers

10/27/1981 08/28/1997

COMMUNITY BANKSHARES, INC. *Community Bank & Trust
* Lead Bank

-35-

Cornelia Cornelia

03/12/1981

** Registered Holding Companies Only

NAME

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

CITY

APPROVED

COMMUNITY BANKSHARES, INC. (Continued) Community Bank and Trust - Troup Community Bank and Trust

HABERSHAM BANCORP *Habersham Bank

TCB BANCSHARES, INC. *The Commercial Bank

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

WEST METRO FINANCIAL SERVICES, INC. *First National Bank West Metro

ALLIANCE BANCSHARES, INC. *Alliance National Bank

FBD HOLDING COMPANY *First Bank of Dalton

GEORGIA COMMUNITY BANCSHARES, INC. *Georgia Community Bank

SOUTHEASTERN BANKING CORPORATION *Southeastern Bank

DAWSON BANCSHARES, INC. *Bank of Dawson

CHESTATEE BANCSHARES, INC. *Chestatee State Bank

MOUNTAIN BANCSHARES, INC. *Mountain 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
FIRST COMMERCE COMMUNITY BANKSHARES, INC. *First Commerce Community Bank

THORNTON HOLDING COMPANY, INC. *Douglas County Bank
* Lead Bank

-36-

Cornelia LaGrange Union Springs, AL

03/12/1981

Cornelia Clarkesville

12/05/1984

Crawford Crawford

08/10/1989

Cumming Cumming

10/15/1996

Dallas Dallas

12/28/2001

Dalton Dalton

05/23/2003

Dalton Dalton

04/17/1995

Dalton Dalton

02/15/2002

Darien Darien

04/14/1981

Dawson Dawson

09/19/1983

Dawsonville Dawsonville

01/11/2000

Dawsonville Dawsonville

03/31/2003

Decatur Decatur

03/11/1997

Decatur Decatur

10/11/2001

Douglas Douglas

11/09/2001

Douglas Douglas
Douglasville Douglasville

03/19/1991 02/06/2003

Douglasville Douglasville

12/17/1981

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

FARMERS BANCSHARES, INC. *Farmers State Bank The Security State Bank
MORRIS STATE BANCSHARES, INC. *The Morris State Bank
COMMUNITY FINANCIAL HOLDING COMPANY, INC. *Gwinnett Community 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 The Citizens Bank of Cochran *Farmers & Merchants Bank First Bank of Coastal Georgia The Farmers Bank
BOE BANCSHARES, INC. *The Bank of Edison
PINNACLE FINANCIAL CORPORATION *Pinnacle Bank
MIDDLE GEORGIA CORPORATION *Central Bank of Georgia
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
SOUTHERN COMMUNITY BANCSHARES, INC. *Southern Community Bank
CBC HOLDING COMPANY *Community Banking Company of Fitzgerald

Dublin Cadwell McRae
Dublin Dublin
Duluth Duluth
Duluth Duluth
Eastman Eastman
Eastman Eastman
Eatonton Eatonton
Eatonton Cochran Eatonton Pembroke Union Point
Edison Edison
Elberton Elberton
Ellaville Ellaville Americus Americus
Ellijay Ellijay
Fairburn Fairburn Fairburn
Fayetteville Fayetteville
Fitzgerald Fitzgerald

07/24/1979
05/24/1989 03/12/2002 05/21/1999 01/15/1985 08/08/1996 02/17/1984 04/03/1987
03/05/1984 12/05/2002 05/08/1981 05/27/1992 07/12/1996 11/30/1994 06/11/1984 10/24/2001 02/20/1997

* Lead Bank

-37-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

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

Fitzgerald Ashburn Broxton Eastman Fitzgerald Quitman Rochelle Sylvester

04/15/1983

COUNTRY BANK COMPANY *Monroe County Bank

Forsyth Forsyth

02/25/1982

HOGAN INVESTMENTS I, INC. HOGAN INVESTMENTS, L.P. LAURENS BANCSHARES, INC. *Bank of Dudley

Forsyth Forsyth Dudley Dudley

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

CATOOSA BANCSHARES, INC. *Capital Bank

Fort Oglethorpe Fort Oglethorpe

12/15/1980

GB&T BANCSHARES, INC. *Gainesville Bank & Trust Community Trust Bank First National Bank of the South United Bank & Trust Company Home Town Bank of Villa Rica

Gainesville Gainesville Hiram Milledgeville Rockmart Villa Rica

04/22/1998

NBOG BANCORPORATION, INC. *The National Bank of Gainesville

Gainesville Gainesville

04/02/2001

FIRSTCITY BANCORP, INC. *FirstCity Bank

Gibson Gibson

10/29/2001

FIRST CITIZENS BANKSHARES, INC. *First Citizens Bank

Glennville Glennville

12/16/1980

SOUTH GROUP BANCSHARES, INC. *South Georgia Bank

Glennville Glennville

12/17/1999

BANK OF THE SOUTH HOLDING COMPANY *BankSouth

Greensboro Greensboro

06/17/1985

MERIWETHER BANK SHARES, INC. *The Greenville Banking Company

Greenville Greenville

07/18/1996

FNB BANKING COMPANY The First National Bank of Barnesville *First National Bank of Griffin

Griffin Barnesville Griffin

01/17/1983

CCB BANCSHARES, INC. *Citizens Community Bank

Hahira Hahira

12/15/1982

* Lead Bank

-38-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

MID STATE BANKS, INC. *PlantersFIRST

Hawkinsville Cordele

03/05/1980

SUNMARK BANCSHARES, INC. *SunMark Community Bank

Hawkinsville Hawkinsville

03/23/1987

HAZLEHURST INVESTORS, INC. *Bank of Hazlehurst

Hazlehurst Hazlehurst

11/06/2002

CHATUGE BANK SHARES, INC. *Bank of Hiawassee

Hiawassee Hiawassee

08/23/1995

LIBERTY SHARES, INC. *The Heritage Bank

Hinesville Hinesville

10/24/1984

FIRST GEORGIA COMMUNITY CORP. *First Georgia Community Bank

Jackson Jackson

12/03/1996

MCINTOSH BANCSHARES, INC. *McIntosh State Bank

Jackson Jackson

04/24/1991

COMMUNITY BANKS OF GEORGIA, INC. *Community Bank of Pickens County

Jasper Jasper

04/17/2003

CRESCENT BANKING COMPANY *Crescent Bank and Trust Company

Jasper Jasper

04/03/1992

JBC BANCSHARES, INC. *Jasper Banking Company

Jasper Jasper

07/10/1985

CCF HOLDING COMPANY *Heritage Bank

Jonesboro Jonesboro

05/12/1995

MAIN STREET BANKS, INC. *Main Street Bank

Kennesaw Covington

07/05/1994

LAFAYETTE BANKSHARES, INC. *The Bank of LaFayette, Georgia

LaFayette LaFayette

01/03/1984

FMB BANCSHARES, INC. *Farmers and Merchants Bank

Lakeland Lakeland

10/11/1984

FIRST SECURITY BANKSHARES, INC. *Northeast Georgia Bank

Lavonia Lavonia

11/15/1983

GBC BANCORP, INC. *Gwinnett Banking Company

Lawrenceville Lawrenceville

04/15/1997

GWINNETT COMMERCIAL GROUP, INC. *First Bank of the South

Lawrenceville Lawrenceville

02/01/2000

ROBINSON BANCSHARES, INC. *Bank of Lenox

Lenox Lenox

10/19/1998

* Lead Bank

-39-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

LINCOLN BANCSHARES, INC. *Farmers State Bank
PERSONS BANKING COMPANY, INC. The Farmers Bank
*The Peoples Bank The Bank of Perry Spivey State Bank
TRIANGLE FINANCIAL GROUP, INC. *The Community Bank
THE QUEENSBOROUGH CORPORATION *The First National Bank & Trust Company
SOUTH GEORGIA BANKSHARES CORP. *Peoples Bank
RIVOLI BANCORP, INC. *Rivoli Bank & Trust
SECURITY BANK CORPORATION Security Bank of Jones County
*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
GE CAPITAL CONSUMER CARD CO. *Monogram Credit Card Bank of Georgia
NATIONAL COMMERCE FINANCIAL BANCORPORATION *National Bank of Commerce
CENTURY BANCORP, INC. *Century Bank and Trust
EXCHANGE BANKSHARES, INC. *Exchange Bank
U.S. BANCORP U.S. Bank, National Association

Lincolnton Lincolnton
Lithonia Forsyth Lithonia Perry Swainsboro
Loganville Loganville
Louisville Louisville
Lyons Lyons
Macon Macon
Macon Gray Macon Perry
Madison Madison
Manchester Manchester
Marietta Marietta Marietta
Marietta Marietta
Mason, OH Atlanta
Memphis, TN Memphis, TN
Milledgeville Milledgeville
Milledgeville Milledgeville
Minneapolis, MN Atlanta

12/03/1984 08/22/1980
03/05/2003 11/18/1985 12/17/1980 03/21/2001 08/16/1994
07/10/1985 12/14/1984 01/11/1996 12/22/1988 10/06/1998
** ** 02/22/1993 10/05/1983 **

* Lead Bank

-40-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

THE COLONIAL BANCGROUP, INC. *Colonial Bank, National Association

MONTICELLO BANCSHARES, INC. *Bank of Monticello

FMB BANKING CORPORATION *Farmers and Merchants Bank

ROYAL BANK OF CANADA RBC CENTURA BANKS, INC. RBC CENTURA BANK *RBC Centura Card Bank

ABC BANCORP First National Bank of South Georgia The First 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

SOUTHWEST GEORGIA FINANCIAL CORPORATION *Southwest Georgia Bank

HEART OF GEORGIA BANCSHARES, INC. *Mount Vernon Bank

THE NASHVILLE HOLDING COMPANY Adel Banking Company *The Citizens Bank

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

NEWNAN COWETA BANCSHARES, INC. *Newnan Coweta Bank

FIRST CAPITAL BANCORP, INC. *First Capital Bank
FIRST SECURITY CORPORATION ESOP 401(K) PROVISIONS FIRST SECURITY CORPORATION *First Security National Bank

SOUTHERN HERITAGE BANCORP, INC. *Southern Heritage Bank

* Lead Bank

-41-

CITY

APPROVED

Montgomery, AL

**

Montgomery, AL

Monticello Monticello

05/01/1996

Monticello, FL

**

Monticello, FL

Montreal, Canada Rocky Mount, NC Rocky Mount, NC Atlanta

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

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

03/23/1981

Moultrie Moultrie

11/18/1980

Mount Vernon Mount Vernon

09/08/1995

Nashville Adel Nashville

05/16/1985

Newark, NJ Newark, NJ Atlanta Atlanta

09/04/2001 09/04/2001

Newnan Newnan

07/25/2001

Norcross Norcross
Norcross Norcross Norcross

06/28/1993
05/12/1997 09/14/1989

Oakwood Oakwood

04/28/1998

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

LAURITZEN CORPORATION FIRST NATIONAL OF NEBRASKA, INC. INFICORP HOLDINGS, INC. *InfiBank, N.A.

Omaha, NE Omaha, NE Atlanta Atlanta

08/14/2003 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

GEORGIA BANCSHARES, INC. *The Bank of Georgia

Peachtree City Peachtree City

05/15/2001

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

GEORGIAN BANCORPORATION, INC. *Georgian Bank

Powder Springs Powder Springs

07/23/2001

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
GREATER ROME BANCSHARES, INC. *Greater Rome Bank

Ringgold Ringgold
Rome Rome

12/14/1983 03/27/1995

HERITAGE FIRST BANCSHARES, INC. *Heritage First Bank

Rome Rome

09/20/2001

ROSSVILLE BANKSHARES, INC. *Rossville Bank
* Lead Bank

-42-

Rossville Rossville

08/13/1984

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

AMERICAN TRUST BANCORP *American Trust Bank

Roswell Roswell

05/07/2003

SARDIS BANKSHARES, INC. *Southern Bank

Sardis Sardis

11/05/1986

CARVER FINANCIAL CORPORATION *The Carver State Bank

Savannah Savannah

06/26/2003

COASTAL BANKSHARES, INC. *The Coastal Bank

Savannah Savannah

07/07/1982

FCB FINANCIAL CORPORATION, INC. *First Chatham Bank

Savannah Savannah

01/15/2002

FOLKSTON INVESTORS, LLC FIRST NATIONAL CORPORATION *First National Bank

Savannah Folkston Folkston

02/20/2002 07/17/1995

THE SAVANNAH BANCORP, INC. Bryan Bank & Trust
*The Savannah Bank, National Association

Savannah Richmond Hill Savannah

07/09/1990

FMCB HOLDINGS, INC. *Farmers and Merchants Community Bank

Senoia Senoia

02/23/1998

GEORGIA CENTRAL BANCSHARES, INC. *Georgia Central Bank

Social Circle Social Circle

09/06/1984

SOPERTON BANCSHARES, INC. *The Bank of Soperton

Soperton Soperton

08/26/1988

UNITED SECURITY BANCSHARES, INC. *United Security Bank

Sparta Sparta

02/21/1984

CITIZENS EFFINGHAM BANCSHARES, INC. *Citizens Bank of Effingham

Springfield Springfield

11/10/1997

FIRST NATIONAL BANC, INC. *First National Bank

St. Marys St. Marys

07/17/1996

FIRST SOUTHERN BANCORP *First Southern National Bank
FMB EQUIBANC, INC. *Farmers & Merchants Bank

Statesboro Statesboro
Statesboro Statesboro

12/07/2001 07/18/2000

HENRY COUNTY BANCSHARES, INC. *The First State Bank

Stockbridge Stockbridge

03/07/1983

QUANTUM CAPITAL CORPORATION *Quantum National Bank

Suwanee Suwanee

12/18/1995

* Lead Bank

-43-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

SWAINSBORO BANKSHARES, INC. *The Citizens Bank of Swainsboro

Swainsboro Swainsboro

05/27/1992

FRONTIER NATIONAL CORPORATION *Frontier Bank

Sylacauga, AL LaGrange

09/19/2002

SCREVEN BANCSHARES, INC. *Farmers and Merchants Bank

Sylvania Sylvania

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 **

UPSON BANKSHARES, INC. *Bank of Upson

Thomaston Thomaston

10/23/1996

WCG BANCSHARES, INC. *West Central Georgia Bank

Thomaston Thomaston

12/10/1982

THOMASVILLE BANCSHARES, INC. *Thomasville National Bank

Thomasville Thomasville

08/22/1995

TAG BANCSHARES, INC. *Citizens Bank & Trust

Trenton Trenton

06/28/1991

TRI-STATES BANKSHARES, INC. *Bank of Dade

Trenton Trenton

04/27/1982

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

Trion Summerville

02/14/1986

DURDEN BANKSHARES, INC. *Durden Banking Company, Incorporated

Twin City Twin City

02/07/1996

ALTAMAHA BANCSHARES, INC. *Altamaha Bank and Trust Company

Uvalda Uvalda

11/03/1980

PAB BANKSHARES, INC. *The Park Avenue Bank
THE LANGDALE COMPANY LANGDALE INDUSTRIES, INC. LOWNDES BANCSHARES, INC. *Commercial Banking Company

Valdosta Valdosta
Valdosta Valdosta Hahira Hahira

08/02/1982
10/19/1995 10/19/1995 09/16/1985

DBT HOLDING COMPANY *Darby Bank & Trust Co.

Vidalia Vidalia

01/26/1990

DOOLY BANCSHARES, INC. *Bank of Dooly

Vienna Vienna

04/03/1985

* Lead Bank

-44-

** Registered Holding Companies Only

BANK HOLDING COMPANIES AND THEIR BANK SUBSIDIARIES

NAME

CITY

APPROVED

COMMUNITY BANCSHARES OF WEST GEORGIA, INC. *Community Bank of West Georgia

Villa Rica Villa Rica

01/21/2003

WASHINGTON/WILKES HOLDING COMPANY *Farmers and Merchants Bank

Washington Washington

03/20/1986

NORTH GEORGIA BANCORP, INC. *North Georgia Bank

Watkinsville Watkinsville

03/31/2003

OCONEE FINANCIAL CORPORATION *Oconee State Bank

Watkinsville Watkinsville

10/13/1998

JONES BANCSHARES, L.P. PRIMESOUTH BANCSHARES, INC. *PrimeSouth Bank

Waycross Blackshear Blackshear

10/29/1993 12/18/1990

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

Waycross Valdosta Waycross

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 BB&T Bankcard Corporation
*Branch Bank and Trust Company

Winston-Salem, NC Columbus Winston-Salem, NC

05/26/1998

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 Cherokee State Bank

Woodstock Woodstock

12/20/1988

CSRA BANK CORP. *First State Bank

Wrens Wrens

05/14/1990

WRIGHTSVILLE BANCSHARES, INC. *Bank of Wrightsville

Wrightsville Wrightsville

11/03/1986

* Lead Bank

-45-

** Registered Holding Companies Only

COMPARATIVE REPORTS OF CONDITION OF STATE-CHARTERED CREDIT UNIONS IN GEORGIA
AS OF DECEMBER 31, 2003
WITH COMPARATIVE STATEMENTS AS OF YEAR-END 2002 AND 2001 (AMOUNTS IN THOUSANDS)

ASSETS: Cash and Cash Equivalents 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)

12/31/2003* 12/31/2002 12/31/2001

834,213

890,977

847,928

2,900,600 2,325,016 1,811,380

3,081,643 (35,455)
3,046,188

3,074,650 (30,527)
3,044,122

3,078,463 (22,597)
3,055,866

36,190 13,558 49,747

32,609 12,648 45,257

33,868 13,272 47,140

736 71,822 6,903,306

359 124,248 6,429,980

972 49,956 5,813,242

1,434,027 8,337,333

1,231,874 7,661,854

1,140,505 6,953,747

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 Other Comprehensive Income (unless included above) Regular Reserves Other Reserves Undivided Earnings Total Equity
Total Liabilities, Shares and Equity Corporate Credit Union GRAND TOTAL (with Corporate Credit Union)

5,945,603
6,649 1,423 61,389 69,462

5,546,887
974 2,019 56,188 59,181

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

4,100 (1,806) 188,715 4,469 692,764
888,242

13,011 (1,772) 186,367 5,500 620,807
823,912

6,658 -
174,666 5,189
557,768
744,281

6,903,307 1,434,027 8,337,333

6,429,980 1,231,874 7,661,854

5,813,242 1,140,505 6,953,747

Number of Credit Unions at Year-end

76

77

79

*Preliminary Call Report data as reported by the National Credit Union Administration (NCUA).

At year-end 2003, there were 135 federal credit unions with total assets of approximately $4.9 billion.

-46-

COMPARATIVE STATEMENT OF EARNINGS AND EXPENSES OF STATE-CHARTERED CREDIT UNIONS IN GEORGIA
AS OF DECEMBER 31, 2003
WITH COMPARATIVE STATEMENTS AS OF YEAR-END 2002 AND 2001 (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 Educational 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

12/31/2003* 12/31/2002 12/31/2001

221,556 86,951
53,360

245,613 90,912
46,452

255,899 106,296
43,636

361,868

382,977

405,831

72,017 39,428 2,695 8,402 12,958 27,625 9,617 172,743
189,124
17 (8) 91 189,224
38 87,535 28,478
73,249 3,006
70,243

66,677 37,411 2,799 6,838 13,093 26,903 10,155 163,876
219,101
387 (206) 219,283
13 107,033 37,140
75,122 11,345
63,778

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

*Preliminary Call Report data as reported by the National Credit Union Administration (NCUA).

NOTE: Figures above do not include theCorporate Credit Union's Net Income.

-47-

STATE-CHARTERED CREDIT UNIONS

CITY

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 ATLANTA AUGUSTA AUGUSTA BAINBRIDGE BALDWIN BRUNSWICK CARTERSVILLE COLUMBUS COOSA CORDELE CORNELIA DOUGLAS DULUTH ELLENWOOD FAYETTEVILLE FT. MCPHERSON GLYNCO HAPEVILLE HAPEVILLE HAZLEHURST LAFAYETTE MACON MACON MACON MACON MACON MACON MACON MACON

Albany Federal Employees' Credit Union Mission Partners Employees Credit Union Dairy-Pak Athens Credit Union Educators' Credit Union Georgia Power Northeast Credit Union 1st Choice Credit Union Atlanta City Employees Credit Union Atlanta Postal Credit Union Chevron Southern Credit Union Cleaners Credit Union CONSTAR Credit Union Delta Employees Credit Union Georgia Department of Public Safety Credit Union Georgia DOT Credit Union Georgia Peach Credit Union Georgia Telco Credit Union GPC Credit Association GTA Credit Union Human Services Employees' Credit Union IBEW Local 613 Credit Union Mead Employees Credit Union Mutual Savings Credit Union Pinnacle Credit Union Rich's Employees Credit Union State Employees' Credit Union The Thrift Credit Union Health Center Credit Union Richmond Co. Health Dept. Employees Credit Union Three Rivers Credit Union Fieldale Credit Union Sea Island Credit Union All Star Credit Union Tom's Credit Association Rome Kraft Employees Credit Union Harris Employees Credit Union Ethicon Credit Union CRMC Employees Credit Union Georgia Central Credit Union American Heritage Credit Union Tara Credit Union Ft. McPherson Credit Union Glynn County Federal Employees Credit Union Fulton Teachers Credit Union Hapeville Auto Employees Credit Union Jeff Davis Credit Union Roper Corporation Employees Credit Union Central Georgia Regional Credit Union City Employees' Credit Union Georgia Guard Credit Union Macon Firemen's Credit Union Macon Police Credit Union Macon Water Works Credit Union RIG Employees Credit Union Smith and Sons Employees Credit Union

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

12/14/1933 02/12/1973 03/25/1957 05/18/1959 03/07/1929 05/15/1946 08/30/1928 11/03/1925 11/14/1933 04/01/1972 01/14/1975 03/08/1940 06/22/1970 11/19/1951 03/15/1954 11/30/1943 06/27/1974 01/06/1976 07/30/1951 08/13/1980 04/30/1928 12/23/1933 11/17/1926 03/04/1938 11/14/1961 10/24/1928 03/10/1976 12/22/1952 03/01/1975 11/24/1980 06/02/1980 11/26/1926 12/14/1982 03/31/1955 05/20/1947 02/19/1979 04/11/1972 05/01/1936 12/15/1980 01/25/1971 07/23/1948 04/03/1953 12/02/1930 07/09/1982 08/15/1968 05/07/1974 02/10/1972 02/28/1951 11/17/1997 04/18/1942 10/02/1950 07/11/1950 01/31/1949 06/18/1973

22,159 www.myafecu.com 14,792
323 884 13,627 www.gpnecu.org 16,216 www.drcash.org 34,834 www.cuatlanta.org 1,444,866 www.apcu.com 3,127 2,158 1,386 2,501,212 www.decu.org 10,344 26,297 www.gadotcu.org 8,589 965,192 www.gatelco.org 43,562 www.gpccu.com 9,978 www.gtacu.org 20,018 www.hsecu.org 4,222 5,644 54,314 www.mutualsavingscu.org 71,537 www.pinnaclecu.org 38,216 www.recu.org 135,984 www.secuga.org 13,693 www.thriftcu.org 36,093 www.hccu.coop 551 6,689 7,929 36,483 9,445 9,289 www.tomscreditassoc.org 18,538 1,888 7,021 1,448 1,434,027 www.gacentral.org/ 17,801 62,878 20,060 www.fmcu-ga.com 15,074 57,228 www.FTCU.com 20,734 www.haecu.com 6,618 1,244 19,743 www.cgrcu.org 2,992 4,458 2,870 537 640 9,964 511

-48-

**Amounts are in Thousands as of 12/31/2003

STATE-CHARTERED CREDIT UNIONS

CITY
MARIETTA MARIETTA MCINTYRE MILLEDGEVILLE MILLEDGEVILLE NASHVILLE NORCROSS NORCROSS ROME ROME SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH STATESBORO THOMASVILLE TOCCOA TOCCOA VALDOSTA VALDOSTA WARNER ROBINS

NAME OF CREDIT UNION
C MAR Credit Union WellStar Credit Union Engelhard Employees' Credit Union Central State Hospital Credit Union Oconee Credit Union Nashville Credit Union Associated Credit Union Genuine Parts Credit Union Floyd County Postal Employees Credit Union Northwest Georgia Credit Union Health Employees Chatham County Credit Union Savannah Federal Credit Union Savannah Postal Credit Union The G. P. A. Credit Union Workmen's Circle Credit Union CORE Credit Union Flowers Employees Credit League North Georgia Credit Union The Wright Credit Union Southern Pine Credit Union Valdosta Educators Credit Union Combined Employees Credit Union

BEGIN TOTAL BUSINESS **ASSETS INTERNET ADDRESS

10/29/1964 07/01/1981 03/24/1980 08/28/1952 01/06/1958 01/01/1973 03/31/1930 03/08/1937 04/17/1926 12/07/1981 08/01/1955 06/10/1931 06/23/1952 11/17/1952 02/06/1950 08/01/1974 02/28/1972 04/05/1982 11/18/1963 07/30/1954 01/18/1973 10/09/1969

54,246 www.cmarcu.org 18,361
486 9,089 2,614 11,404 www.nashvillecu.com 716,641 www.acuonline.org 6,472 2,698 50,288 www.nwgacu.org 4,813 12,544 www.savannahfederal.org 13,555 8,929 14,976 www.workmenscu.com 32,232 www.corecu.org 17,754 www.creditleague.org 21,692 www.ngcu.org 9,040 35,347 8,577 9,650 www.cecuwr.net

-49-

**Amounts are in Thousands as of 12/31/2003

CITY
ALBANY ALBANY ALBANY ALPHARETTA ATHENS ATHENS ATHENS ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA ATLANTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA AVONDALE ESTATE BRUNSWICK BRUNSWICK BRUNSWICK BRUNSWICK BRUNSWICK BRUNSWICK CARTERSVILLE CHATSWORTH CLARKESVILLE CLAYTON

FEDERAL CREDIT UNIONS

NAME OF CREDIT UNION

TOTAL **ASSETS INTERNET ADDRESS

Artesian City Federal Credit Union DOCO Regional Federal Credit Union Federal & State Inspectors FCU Yard Wide Federal Credit Union Clarke Community Federal Credit Union First Reliance Federal Credit Union University Employee's Federal Credit Union Phenix Federal Credit Union Atlanta Federal Credit Union Atlanta Kemba Federal Credit Union Atlanta Teachers Federal Credit Union B.O.N.D. Community Federal Credit Union Big Bethel A.M.E. Church FCU CDC Federal Credit Union Circle 10 Federal Credit Union Dixsea Federal Credit Union GEMC Federal Credit Union Georgia Federal Credit Union Georgia Power Federal Credit Union Georgia State University Federal Credit Union Grant Park-S.A.N.D. Federal Credit Union Greater Atlanta Catholic Federal Credit Union Northside Federal Credit Union Piedmont Hospital Federal Credit Union Powerco Federal Credit Union SPC Federal Credit Union The Coca-Cola Company Family Federal Credit Union W & A Federal Credit Union Wheat Street Church Federal Credit Union Augusta Metro Federal Credit Union Augusta Seaboard System Federal Credit Union Augusta VAH Federal Credit Union CSRA Federal Credit Union RCT Federal Credit Union Tabernacle Federal Credit Union United Neighborhood Federal Credit Union University Health Federal Credit Union Peachstate Federal Credit Union Bestwall Brunswick Federal Credit Union Georgia Coastal Federal Credit Union Glynn Teachers Federal Credit Union Glynn-Brunswick Mem. Employee Federal Credit Union GP Brunswick Federal Credit Union RICH-SEAPAK Employees Federal Credit Union Etowah Valley Federal Credit Union Murray County Federal Credit Union Habersham County Federal Credit Union Rabun-Tallulah Federal Credit Union

11,962 www.artesianfcu.org 52,585 www.docofcu.com
5,508 www.fsinspectors.com 7,932 www.yardwide.com 17,575 www.ccfcu.net 5,988 7,156 www.ugacreditunion.org 32,067 9,687 24,134 www.atlantakembafcu.com 8,368 33,716 WWW.BONDCU.COM
154 158,368 www.cdcfcu.com
37,394 www.circle10fcu.com 2,673 www.dixseafcu.org
57,472 www.gemc.org 331,146 WWW.GFCUONLINE.ORG
52,833 WWW.GEORGIAPOWERFCU.ORG 13,128 www.gsufcu.org
1,520 2,389 WWW.GACATHOLICFCU.ORG 10,491 15,055 162,139 www.powerco.org
985 121,898 www.creditunion.coca-cola.com
4,355 1,151 48,064 www.augustametrofcu.org 6,662 www.augustaseaboardfcu.org 45,354 www.avahfcu.org 50,249 WWW.CSRAFCU.ORG 3,458
137 486 19,144 16,209 454 13,101 www.gacfcu.com 105,113 WWW.GTFCU.NET 949 34,874 2,224 www.rich-seapakfcu.com 9,188 2,100 6,809 525

-50-

**Amounts are in Thousands as of 12/31/2003

CITY
COLUMBUS
COLUMBUS
COLUMBUS
COLUMBUS
COLUMBUS
COLUMBUS
COLUMBUS
COLUMBUS COLUMBUS COLUMBUS DALTON DANIELSVILLE DECATUR DECATUR DECATUR DECATUR DECATUR DORAVILLE DOUGLAS DULUTH EAST POINT ELBERTON FAYETTEVILLE FORT GORDON FT. OGLETHORPE GAINESVILLE GAINESVILLE GRACEWOOD HINESVILLE JASPER JESUP JESUP JONESBORO LAFAYETTE LAWRENCEVILLE LINDALE MABLETON MACON MACON MACON MACON MACON MACON MARIETTA MARIETTA MOULTRIE MOULTRIE NASHVILLE NEWNAN NORCROSS NORCROSS OGLETHORPE REYNOLDS

FEDERAL CREDIT UNIONS

NAME OF CREDIT UNION
AFLAC Federal Credit Union
Central of Georgia Federal Credit Union
Chattahoochee Federal Credit Union
GEPCO Federal Credit Union
Golden Federal Credit Union
Ledger-Enquirer Federal Credit Union
M E A Federal Credit Union
MCTEA Federal Credit Union Members Alliance Federal Credit Union TIC Federal Credit Union HMC Employee 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 Petroleum Associates Federal Credit Union Coffee County Teachers Federal Credit Union State Farm Georgia Federal Credit Union Marta Employees Federal Credit Union E L C O Federal Credit Union The Southern 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 Number 1 Federal Credit Union Walker County Educators Federal Credit Union Gwinnett Federal Credit Union BEKA Federal Credit Union Nekoosa Federal Credit Union Brosnan Yard Federal Credit Union Georgia Power Macon Federal Credit Union HCA Federal Credit Union 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 Moultrie Employee's Federal Credit Union Colquitt County Teachers Federal Credit Union Berrien Teachers Federal Credit Union Coweta Cities & County Employees FCU City of Hope Federal Credit Union Excel Federal Credit Union Flint River Employee Federal Credit Union Flint Federal Credit Union

TOTAL **ASSETS INTERNET ADDRESS
108,043
2,195
358
3,972 www.gepcofcu.virtualcu.net
350
1,022
38,954 www.meafcu.org
452 29,874 WWW.MEMBERSALLIANCEFCU.ORG 173,046 www.ticfcu.com
6,169 743
88,880 www.emoryfcu.com 25,894 www.medcomfcu.com
1,117 www.oppffcu.com 10,870 www.platinumfcu.net
3,468 www.sdcfcu.org 37,527 www.paefcu.org
3,250 173,184 http://statefarmsouthern.mykeptdata
9,713 2,382 133,895 www.southernonline.org 34,245 www.fgfcu.org 3,362 www.hutchesonfcu.org 26,792 www.hallcocu.org 10,060 18,561 www.gracewoodfcu.com 58,746 WWW.FSGFCU.COM 1,276 32,902 www.Altamaha.org 19,516 www.iufcu.org 1,266 5,390 www.WalkerEducatorsFCU.com 73,883 www.gwinnettfcu.org 5,951
394 4,948 4,140
896 3,789 1,589 94,488 WWW.MIDSOUTHFCU.ORG 13,026 www.gamethfcu.org 547,697 www.lgefcu.org 1,519 2,676 1,225 13,063
355 72,909 WWW.EXCELFCU.ORG
2,541 3,219

-51-

**Amounts are in Thousands as of 12/31/2003

CITY
RINGGOLD ROME ROME SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SAVANNAH SHENANDOAH ST MARYS SWAINSBORO 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
Catoosa Teachers Federal Credit Union Coosa Valley Federal Credit Union Georgia Power Northwest Federal Credit Union Chatham 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 Schools Federal Credit Union Savannah Seaboard Systems Federal C U Savastate Teachers Federal Credit Union GDC Federal Credit Union United 1st Federal Credit Union Piney Grove Community Credit Union Multiple Employee Group Federal Credit Union Rose City 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

TOTAL **ASSETS INTERNET ADDRESS
9,640 WWW.CATOOSATCU.COM 87,644 www.cvfcuonline.org 33,764 WWW.GPNWFCU.ORG 17,749 www.chathamfederal.com
1,540 122
1,415 65,095 www.gaheritagefcu.org
5,901 3,012 14,421 4,127 www.savannahseaboardfcu.org 2,342 4,097 63,551 www.united1stfcu.org
45 3,957 www.megfcu.org 15,773 www.rose.net/~rosey 33,824 WWW.COATSFCU.ORG 2,190
71 10,609
620 13,116 www.gpvfcu.com
3,239 63,391 www.southeasternfcu.org 10,175 www.valdostateachersfcu.org 17,674
315 798,203 www.robinsfcu.org
11,718 3,402
115,747 www.maco.org 2,825

-52-

**Amounts are in Thousands as of 12/31/2003

SALE OF CHECK & MONEY TRANSMITTER LICENSEES
AS OF DECEMBER 31, 2003

SALE OF CHECK AND MONEY ORDER COMPANIES

NAME OF LICENSEE
ADP Payroll Services, Inc. All Business Corporation, Inc. American Express Travel Related Services Co., Inc. Comdata Network Inc. of California DolEx Dollar Express, Inc. Fast Petroleum, Inc. Flash Foods, Inc. Global FX, Inc. Globex Financial Services, Inc., Global Express MO Golden Pantry Food Stores, Inc. GroupEx Financial Corporation GSC Enterprises, Inc. Integrated Payment Systems Inc. Interpayment Services Limited Merchants Express Money Order Company MoneyGram Payment Systems, Inc. National Bonded Money Orders, Inc. North American Money Order Company, Inc. RIA Telecommunications, Inc. Ruesch International, Inc. Travelers Express Company, Inc. Travelex Currency Services, Inc. Travelex, Inc. Travellers Cheque Associates LTD Western Union Financial Services, Inc.

APPLICANT

D/B/A

CITY/STATE

ADP Payroll Services

Roseland, NJ

U. S. Express Money Order

Decatur, GA

American Express Travel Related Services New York, NY

Comdata Network Inc. of California

Brentwood, TN

DolEx Dollar Express

Arlington, TX

Fast Food & Fuel

Dalton, GA

Flash Foods

Waycross, GA

Global FX

Miami, FL

Global Express MO

Silver Spring, MD

Golden Pantry Food Stores

Bogart, GA

GroupEx Financial Corporation

La Mirada, CA

Fidelity Express Money Order Company

Sulphur Springs, TX

Integrated Payment Systems

Greenwood Village, CO

Toronto-Ontario, Canada

MEMO

Wormleysburg, PA

Minneapolis, MN

National Bonded Money Orders

Alexandria, LA

North American Money Order Company, Inc. Alpharetta, GA

RIA Telecommunications

Cerritos, CA

Ruesch International

Washington, DC

Travelers Express Company

Minneapolis, MN

Travelex Currency Services

New York, NY

Toronto-Ontario, Canada

Travellers Cheque Associates, Ltd.

Brighton, England

Greenwood Village, CO

NO. OF GEORGIA AGENTS
1 250 1,858 359
32 31 150 58 510 21 191 1,552 186 14 587 98 692 122 1 2,579 179 1 104 1,656

-53-

SALE OF CHECK & MONEY TRANSMITTER LICENSEES
AS OF DECEMBER 31, 2003

MONEY TRANSMITTERS

NAME OF LICENSEE
ABC Money Transactions, Inc. AMAL USA, Inc. America Transfers, Inc. Associated Foreign Exchange, Inc. Caribbean Airmail, Inc. Dahabshil, Inc. Enramex, Inc. Envios R. D. Corp. Ficohsa Express Georgia LLC Girosol Corp. Global Money Remittance, Inc. Global Remittance Limited Intermex Wire Transfers, Inc. Mexico Transfers, Inc. Moneyda, Inc. New York Bay Remittance Corp. North American Money Transfer, Inc. Orlandi Valuta Patel, Manoj N. Placid NK Corporation Remesas Costamar, Inc. Remesas Quisqueyana, Inc. Samso's Express Money Transfer, Inc. Servicio UniTeller, Inc. Sigue Corporation Towfiq Nation Link, Inc. UNO Remittance, Inc. Vigo Remittance Corp. ZOHA, Inc.

D/B/A
ABC Money Transactions AMAL USA America Transfers Associated Foreign Exchange CAM Dahabshil Enramex Pronto Envios Ficohsa Express Georgia Girosol Global Money Remittance Global Remittance Limited Intermex Wire Transfers Mexico Transfers Moneyda New York Bay Remittance
Orlandi Valuta Shiv Enterprises Placid Express Costamar Money Transfer Remesas Quisqueyana Samso's Express Money Transfer Servicio UniTeller Sigue Corporation Towfiq Nation Link UNO Money Transfers Vigo Remittance ZOHA, Inc.

APPLICANT CITY/STATE
Garden Grove, CA Decatur, GA Irving, TX Encino, CA Miami, FL Columbus, OH Denver, CO New York, NY Chamblee, GA North Miami Beach, FL Miami, FL New York, NY Miami, FL Irving, TX Houston, TX New York, NY Decatur, GA Cerritos, CA Lawrenceville, GA Chamblee, GA Elizabeth, NJ New York, NY Plantation, FL Rochelle Park, NJ San Fernando, CA Clarkston, GA Miami, FL Sunrise, FL Jersey City, NJ

NO. OF GEORGIA AGENTS
1 0 4 44 3 0 14 108 1 56 10 3 57 22 28 4 0 122 0 3 31 1 15 86 299 0 21 122 0

-54-

MORTGAGE DIVISION SUMMARY OF ACTIVITIES

At the end of 2002, there were 2,922 licensees/registrants. During 2003, 651 new applications were received plus 34 applications for reinstatement of withdrawn, revoked, or expired licenses for a total of 685 applications. In 2003, 611 new applications were approved, 1 was denied, and 94 applications were withdrawn. There were 33 reinstatements of revoked, expired, withdrawn, or suspended licenses. A total of 458 licenses expired, were withdrawn or were revoked during the year. As of December 31, 2003, there were 3,108 active licensees/registrants.

DISTRIBUTION OF LICENSEES/REGISTRANTS

TYPE Brokers Lenders Processors Registrants

TOTAL 2,470 576 18 44

PERCENT
OF TOTAL 79.5% 18.5% 0.6% 1.4%

TOTALS

3,108

100%

The Division assessed fines on 576 licensees/registrants totaling $943,542.50 in 2003. Mortgage Division examiners conducted 438 examinations and 21 investigations of licensees. During 2003, the Division received 35,502 industryrelated calls, which included 6,773 consumer inquiries.
In 2003, there were 197 Cease and Desist Orders issued to either licensed or unlicensed persons or companies. Fifteen public hearings were held at the Office of Administrative Hearings.
A complete list of mortgage licensees and registrants is available on the Department's web site at: http://www.gadbf.org/mortgage/html. A hard copy listing is also available from the Department.
In addition, the Mortgage Division replaced its policy to examine each licensee once every 48 months with a risk-based process for selecting licensees for examination in order to provide more effective consumer protection. The Division began using its risk-based selection process on October 1, 2003. The factors utilized to determine examination priority include, but are not limited to the following:
Volume and severity of complaints Reported suspicious activity Prior examination or visitation findings Information derived from the industry or media A licensee's or employee's performance history Size and/or complexity of the licensee Amount of time since the previous examination Data gathered from applications and/or renewals

-55-

FOREIGN BANKING ORGANIZATIONS DOING BUSINESS IN GEORGIA

INTERNATIONAL BANK AGENCIES

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

FOREIGN LOCATION 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

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

AGENT, TELEPHONE DATE PERMIT ISSUED M.D. Smith Agent - Operations 404-877-1500 May 27, 1977
Shoichi Shimono General Manager 404-577-2960 April 1, 1996
Harry P. Yergey Senior Vi ce President & Manager 404-888-6500 October 31, 1978
Michael Sawichi Vice President/Regional Manager 404-584-5466 March 20, 1980

INTERNATIONAL BANK FACILITIES
NAME AND ADDRESS SunTrust Bank SunTrust Robinson Humphrey Capital Markets International Division 303 Peachtree Street, NW Suite 2300, M/C 3912 Atlanta, Georgia 30308

AGENT, TELEPHONE DATE PERMIT ISSUED Jeff Warner VP/Director, Foreign Exchange (404) 724-3480 February 2, 1982

INTERNATIONAL REPRESENTATIVE OFFICES
Parent
Allied Irish Banks, PLC Ireland
BNP Paribas France
Cooperative Centrale Raiffeisen-Boerenleenbank B.A. The Netherlands

Corporation Doing Business in Georgia
Allied Irish Bank Atlanta
BNP Paribas Atlanta
Rabobank Nederland Atlanta

-56-

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Bank of the West San Francisco, CA

Corporation Doing Business in Georgia
Bank of the West

CBT Holding Company New Orleans, LA

Crescent Bank & Trust

Capital Guardian Trust Company Los Angeles, CA
Citigroup, Inc. New York, NY
Comerica Bank Detroit, MI
Compass Bank Birmingham, AL
Deutsche Bank AG New York, NY

Capital Guardian Trust Company
Citicorp Leasing, Inc. Citicorp North America, Inc. Primerica Financial Services Home Mortgages, Inc. Citifinancial Services, Inc. Comerica Bank
Compass Multistate Services Corporation
Deutsche Bank Securities, Inc.

Financial Federal Savings Bank Memphis, TN

Financial Federal Savings Bank

First International Bank Hartford, CT

UPS Capital Business Credit

First Tennessee National Corporation Chattanooga, TN

First Tennessee National Bank

FleetBoston Financial Corporation Boston, MA
Foster Bank Chicago, IL
Franklin Bank S.S.B. Austin, TX
Freemont General Corporation Anaheim, CA

Fleet Capital Corporation Fleet National Bank Foster Bank
Franklin Bank S.S.B.d/b/a Mortgage Partners'
Freemont Investment & Loan

Gulf Coast Bank & Trust Company New Orleans, LA

Gulf Coast Bank & Trust Company

Harris Trust and Savings Bank Chicago, IL

Harris Trust and Savings Bank

-57-

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Beneficial Corporation Prospect Heights, IL

Corporation Doing Business in Georgia
Beneficial Mortgage Co. of Georgia

Imperial Capital Bank La Jolla, CA

Imperial Capital Express

J.P. Morgan Chase & Company New York, NY

Chase Manhattan Mortgage Corporation J.P. Morgan Securities, Inc. Brown & Company Securities Corporation Chase Manhattan Automotive Finance Corporation

LaSalle Bank, N.A. Chicago, IL

LaSalle Bank, N.A. / LaSalle Business Credit, Inc.

MBNA Corporation Wilmington, DE

MBNA Marketing Systems, Inc.

Mellon Financial Corporation Pittsburgh, PA

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

Merrill Lynch & Company, Inc. Jacksonville, FL
Mizuho Corporate Bank, Ltd. (USA) New York, NY
Nara Bank, N.A. Los Angeles, CA
Nexity Financial Corporation Birmingham, AL
Omni National Bank Fayetteville, NC
Parish National Bank Covington, LA
The Provident Bank Cincinnati, OH
Silicon Valley Bank Santa Clara, CA
South County Bank Rancho Santa Margarita, CA

Merrill Lynch Credit Corporation Mizuho Corporate Bank, Ltd. (USA) Nara Bank, N.A. Nexity Bank Omni National Bank Access Mortgage Corporation The Provident Bank PCFS Mortgage Resources, LLC Silicon Valley Bank East South County Financial Services

-58-

DOMESTIC REPRESENTATIVE OFFICES

OUT OF STATE REPRESENTATIVE OFFICES

Registrant
Southern Pacific Bank Torrance, CA

Corporation Doing Business in Georgia
Coast Business Credit

State Street Corporation Boston, MA

State Street Bank & Trust Company

Sunrise Bank of Arizona Phoenix, AZ

Sunrise Bank of Arizona d/b/a Sunrise Bank

UBS Warburg LLC Stamford, CT

UBS Warburg LLC

WFC Holdings Corporation San Francisco, CA

Wells Fargo Bank, N.A.

Webster Bank, FSB Waterbury, CT

Whitehall Business Credit Corp.

Zions Bancorporation San Diego, CA

Zions Small Business Finance

OUT OF STATE TRUST PRODUCTION OFFICES

Registrant
Atlantic Trust Company, N.A. New York, NY

Corporation Doing Business in Georgia
Atlantic Trust Company, N. A.

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

The Bank of New York Trust Company of Florida, N.A.

Bessemer Trust Company N.A. New York, NY

Bessemer Trust Company, N.A.

Capital City Bank Group, Inc. Tallahassee, FL

Capital City Bank

Diversified Trust Company Memphis, TN

Diversified Trust Company

Exeter Trust Company Exeter, NH

Manning & Napier Advisors, Inc.

Heritage Trust Company Oklahoma City, OK

Heritage Trust Company

Northern Trust Corporation Chicago, IL

Northern Trust Bank, FSB

Principal Holding Company Des Moines, IA

Delaware Charter Guarantee & Trust Company operating as Trustar Retirement Services

-59-

DOMESTIC REPRESENTATIVE OFFICES

IN-STATE REPRESENTATIVE OFFICES

Registrant
Bank of Terrell Dawson
Community Bank & Trust Cornelia
Community Bank & Trust - Troup LaGrange
Community Trust Bank Hiram
Crescent Bank and Trust Company Jasper
Decatur First Bank Decatur
FLAG Financial Corporation Atlanta
FMCB Holdings, Inc. Senoia
First Security Corporation Norcross
Georgia Bank and Trust Co. of Augusta Augusta
Habersham Bank Cornelia
Horizon Bank Decatur
Montgomery Bank & Trust Ailey
Newnan Coweta Bank Newnan
PAB Bankshares, Inc. Valdosta
The Peachtree Bank Duluth
Riverside Bancshares, Inc. Marietta
Southeastern Banking Corporation Darien

Corporation Doing Business in Georgia
Bank of Lee County (trade name)
Community Bank & Trust
Community Bank & Trust
Community Trust Bank
Crescent Mortgage
Decatur First Bank
FLAG Bank FLAG Mortgage Farmers and Merchants Community Bank
First Security National Bank
Georgia Bank and Trust Company Mortgage
Habersham Bank
Horizon Bank
Montgomery Bank & Trust (Mortgage & Construction Division) Neighborhood Community Bank (trade name)
The Park Avenue Bank
The Peachtree Bank
Riverside Bank Riverside Residential Lending, Inc. Southeastern Bank

-60-

DOMESTIC REPRESENTATIVE OFFICES

IN-STATE REPRESENTATIVE OFFICES

Registrant
Southern Horizon Bank Leary

Corporation Doing Business in Georgia
Southern Horizon Bank

Synovus Financial Corporation Columbus

First Coast Community Bank d/b/a Synovus Affiliate SBA Lending

TSB Bancorp, Inc. Woodland
United Commercial Bank Atlanta

Talbot State Bank Atlanta Business Bank (trade name)

United Community Bank Blairsville

United Community Bank

United Community Banks, Inc. Marietta

United Community Banks

Wilkinson County Bank Irwinton

Wilkinson County Bank

-61-

NOTES
Department of Banking and Finance
2990 Brandywine Road, Suite 200 Atlanta, GA 30341-5565
Phone: (770) 986-1633 or Toll-free (888) 986-1633 Fax: (770) 986-1654 or (770) 986-1655 Internet site: http://www.gadbf.org -62-