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 -1- 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 -2- 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 -3- 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. -4- 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 -5- 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 -6- 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-