<PAGE>
 
    X     Quarterly report under Section 13 or 15(d) of the Securities Exchange
--------  Act of 1934 for the Quarterly period ended June 30,1997


                                       Or


          Transition report under Section 13 or 15 (d) of the Securities 
--------  Exchange Act of 1934 for the transition period from ____ to _____.



                         Commission File No. 333-10909



                            FORSYTH BANCSHARES, INC.
             (Exact name of registrant as specified in its charter)


        Georgia                                        58- 2231953
(State of Incorporation)                  (I. R. S. Employer Identification No.)

                   501 Tri County Plaza, Cumming, Ga.  30130
                   (Address of principal executive offices)

                                 770-886-9500
                (Issuers telephone number, including area code)


                                Not Applicable
            (Former Name, former address and former fiscal year,  
                         if changed since last report)


                           Check whether the issuer:
    (1) filed all reports required to be filed by Section 13 or 15(d) of the
  Exchange Act during the past 12 months (or for such shorter period that the
               registrant was required to file such reports), and

         (2) has been subject to such filing requirements for the 
             past 90 days.   X  yes      no
                           -----    -----  

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
                  equity, as of the latest practicable date:

 800,000 shares of common stock, at no par value, issued and outstanding as of
                                 June 30, 1997.


Transitional Small Business Disclosure Format (check one):      yes   X  no
                                                           -----    ----- 
<PAGE>
 
Item 1.    Financial Statements (Unaudited)
  
           Condensed Consolidated Balance Sheets as of March 31, 1997 and 
               June 30, 1997
           Condensed Consolidated Statements of Income for the Three Months
               ended March 31, 1997 and June 30, 1997 and Year to Date through
               June 30, 1997
           Condensed Consolidated Statement of Cash Flows for the Three Months
               ended June 30, 1997
           Notes to Consolidated Financial Statements

                                      -2-
<PAGE>
 
                            FORSYTH BANCSHARES, INC.
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (Unaudited)
<TABLE>
<CAPTION>

(In thousands)                                        THREE MONTHS ENDED
                                                   March 31,         June 30, 
                                                   ---------         --------
                                                      1997             1997  
                                                      ----             ----  
<S>                                               <C>                <C>
Assets:
   Cash and due from banks                              $908           $1896
   Federal Funds Sold                                  12360           10010
   Investment securities-Available for sale             3004            4757
   Investment securities-Held to maturity                996            3246
   Loans, net of unearned income                        3181            9241
   Less: allowance for loan losses                       (32)            (93)
                                                     -------         -------   
   Net Loans                                            3149            9148
 
   Premises and equipment, net                           425             478
   Other assets                                          204             351
                                                     -------         -------    
Total Assets                                          $21046          $29886
                                                     =======         =======   
Liabilities and Stockholders Equity
Deposits:
 Non-interest-bearing demand                          $ 1598          $ 4550
 Interest bearing:
   Demand                                                538             907
   Savings                                               141             287
   Time, $100,000 and over                              3718            5960
   Other time                                           2631            5648
   Insured Money Market                                 4738            4932
                                                     -------         -------

Total Deposits                                         13364           22284
 
Other Liabilities                                         65             122
                                                     -------         ------- 

Total Liabilities                                      13429           22406
                                                     -------         -------  
 
Stockholders' Equity:
   Common Stock, no par value                           7960            7960
   Retained Earnings                                    (179)           (196)
   YTD Income(loss)                                     (164)           (284)
Total Stockholders' Equity                              7617            7480
                                                     -------         -------  
 
Total liabilities and stockholders' equity            $21046          $29886
                                                     =======         =======   

</TABLE>
See Notes to Condensed Consolidated Financial Statements

                                      -3-
<PAGE>
 
                            FORSYTH BANCSHARES, INC.
                  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                                  (Unaudited)
<TABLE>
<CAPTION>
(In thousands)                                 THREE MONTHS        YEAR TO     
                                                  ENDED             DATE
                                          March 31,   June 30,     June 30,
                                          ----------  ---------    --------
                                             1997       1997         1997
                                             ----       ----         ----     
<S>                                       <C>         <C>          <C>
Interest Income
   Loans, including fees                        $36       $188        $224
   Federal Funds Sold                           110        149         259
   Investment Securities                         17         98         115
                                           ---------  ---------   --------- 
   Total Interest Income                        163        435         598
                                           ---------  ---------   --------- 
Interest expense                                                  
   Time Deposits                                 35        142         177
   Other Deposits                                13         53          66
   Other Interest Expense                         7          0           7
                                           ---------  ---------   --------- 
Total Interest Expense                           55        195         250
                                           ---------  ---------   ---------  
                                                                  
Net Interest Income                             108        240         348
Provision for loan losses                                
                                                (32)       (61)        (93)
                                           ---------  ---------   ---------   
Net interest income after provision                             
for loan losses                                  76        179         255
                                           ---------  ---------   ---------  
                                                                  
Non-interest income                                               
   Service charges and fees                       1          8           9
   Other                                          4          5           9
                                           ---------  ---------   ---------  
Total non-interest income                         5         13          18
                                           ---------  ---------   ---------  
                                                                  
Non interest expenses                                             
   Salaries and employee benefits               121        155         276
   Occupancy and Equipment                       42         57          99
   Other operating expenses                      82        100         182
                                           ---------  ---------   ---------  
Total non-interest expenses                     245        312         557
                                           ---------  ---------   ---------  
                                                                  
Income before taxes                            (164)      (120)       (284)
Income Tax expense                                0          0           0
Net Income                                    $(164)     $(120)      $(284)
                                           =========  =========   =========  
                                                                  
Net income per common share and common                            
 share equivalents                           $(0.15)    $(0.15)     $(0.36)
                                                                  
Weighted average number of common                                 
 shares outstanding                         800,000    800,000     800,000
                                                                  
Dividends declared per common share              $0         $0          $0
</TABLE>
See Notes to Condensed Consolidated Financial Statements

                                      -4-
<PAGE>
 
                            FORSYTH BANCSHARES, INC.
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (Unaudited)
<TABLE>
<CAPTION>
                                                                                    THREE MONTHS    
                                                                                        ENDED       
                                                                                    June 30,1997    
                                                                                    -------------   
<S>                                                                                 <C>             
Cash flow from operating activities:                                                                
Net Loss                                                                                 $  (120)   
Adjustments to reconcile net loss to net cash used by operating activities                          
     Depreciation, Amortization and Accretion                                                 23    
     Provision for loan losses                                                                61    
Change In:                                                                                          
     Accrued interest receivable and other assets                                           (107)   
     Accrued interest payable and other liabilities                                           64    
                                                                                   --------------   
                                                                                                    
Net cash used by operating activities:                                                       (79)   
                                                                                   --------------   
                                                                                                    
Cash flows from investing activities:                                                               
     Purchases of investment securities held to maturity and available for sale            (4001)   
     Net change in loans                                                                   (6061)   
     Purchase of premises and equipment                                                     (141)   
                                                                                   --------------   
                                                                                                    
Net cash used by investing activities:                                                    (10203)   
                                                                                   --------------   
                                                                                                    
Cash flows from financing activities:                                                               
     Net increase in deposits                                                               8920    
     Proceeds from issuance of common stock                                                    0    
                                                                                   --------------   
                                                                                                    
Net cash provided by financing activities:                                                  8920    
                                                                                   --------------   
                                                                                                    
Net increase (decrease) in cash and cash equivalents                                       (1362)   
                                                                                                    
Cash and Cash equivalents at beginning of period                                           13268    
                                                                                   --------------   
                                                                                                    
Cash and Cash equivalents at end of period                                               $ 11906    
                                                                                   ==============    
</TABLE>
  See Notes to Condensed Consolidated Financial Statements

                                      -5-
<PAGE>
 
                    FORSYTH BANCSHARES, INC. AND SUBSIDIARY

              Notes to Condensed Consolidated Financial Statements

                                 June 30, 1997


  Note 1--Basis of Presentation

  The accompanying financial statements include the accounts of Forsyth
  Bancshares, Inc. (Company) and its wholly-owned subsidiary, The Citizens Bank
  of Forsyth County (Bank).  Certain information and footnote disclosures
  normally included in consolidated financial statements prepared in accordance
  with generally accepted accounting principles have been omitted, although the
  Company believes that the disclosures are adequate to make the information
  presented not misleading.  In the opinion of management, the information
  furnished in the condensed consolidated financials reflects all adjustments
  necessary to fairly represent the Company's financial position, results of
  operations and cash flows for such interim periods.  Management believes that
  all interim period adjustments are of a normal recurring nature.

  The financial statements for the three months ended March 31, 1997 and June
  30, 1997 and the year to date through June 30, 1997 are unaudited and have
  been prepared pursuant to the rules and regulations of the Securities and
  Exchange Commission (Commission).  Certain information and footnote
  disclosures normally included in financial statements prepared in accordance
  with generally accepted accounting principles have been condensed or omitted
  and should be read in conjunction with the audited consolidated financial
  statements and notes thereto included in the Company's Annual Report on Form
  10-K filed with the Commission for the year ended December 31, 1996.

  Note 2--Development Stage Company; Beginning of Operations

  The Company was incorporated under the laws of Georgia on February 14, 1996
  for the purpose of organizing the Bank.  On February 3, 1997, the Bank opened
  for business and the Company acquired 100% of its capital stock.  The Company
  capitalized the Bank at $6,500,000 as required by regulators.  Since February
  3, 1997, the Bank has been in operation as a commercial bank offering
  traditional banking services in the Cumming, Forsyth County, Georgia area.

  Accordingly, the financial data for the three and six month periods ending
  June 30, 1997 and June 30, 1996 are not comparable in that until the Bank
  began operations on February 3, 1997, the Company was a development stage
  company and financial data for 1996 periods has not been included herein.
  Furthermore, the financial data for the three months ended March 31, 1997
  includes only two months of operations of the Bank.

  Note 3--Summary of Significant Accounting Policies

  Cash flows

  For purposes of reporting cash flows, cash consists of cash in vault, cash
  items, amounts due from banks and federal funds sold.

  Organization costs

  Costs incurred for the organization of the Company and the Bank (consisting
  primarily of legal, accounting, consulting, and incorporation fees ) are being
  capitalized and will amortize over a period not to exceed five years (60
  months).

                                      -6-
<PAGE>
 
  Pre-opening expenses

  Costs incurred for overhead and other operating expenses are included in the
  current period's operating results.

  Net loss per common share

  Net loss per common share is calculated by dividing net income (loss) by the
  weighted average number of common shares outstanding during the period.

  Note 4--Related Party Transactions

  On August 1, 1996, the Company executed a line of credit agreement with a
  commercial bank to fund its organization, offering and preopening expenses.
  This unsecured line of credit had an established maturity date of August 1,
  1997 and accrued interest  payable quarterly at the lender's prime rate of
  interest.  The line of credit was fully funded at $650,000 upon breaking
  escrow and was satisfied and paid in full on January 21, 1997.  Each organizer
  of the Bank guaranteed a pro rata share of the line of credit.

  Note 5--Preferred Stock

  Shares of preferred stock may be issued from time to time in one or more
  series as may be established by resolution of the board of directors of the
  Company.  Each resolution shall include the number of shares issued,
  preferences, dividend provisions, special rights and limitations as determined
  by the board.

  Note 6--Income taxes

  At December 31, 1996, the Company had a net operating loss carryforward for
  tax purposes of approximately $11,000, which will expire in the year 2011 if
  not previously utilized.  No income tax expense or benefit was recorded for
  the period ended June 30,1997, due to the loss carryforward, and the fact that
  the Company shows a loss for the first half of the year.

  Note 7--Commitments

  The Company entered into an operating lease on the building and premises which
  serve as the main office of the Company and the Bank on February 9, 1996.  The
  inception of the lease was the earlier of the occupation of the building or
  receipt of final regulatory approval.  The minimum lease payments related to
  the lease are for the years 1997 through 2000 and are $67,500; $69,525;
  $71,611; and $73,759, respectively. The lease is renewable at the end of the
  term at prevailing market rates and also contains and option to purchase the
  premises and facility.

                                      -7-
<PAGE>
 
  Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
           RESULTS OF OPERATIONS

  GENERAL

  Forsyth Bancshares, Inc. (the "Company") was incorporated under the laws of
  Georgia on February 14, 1996 for the purpose of organizing its wholly owned
  subsidiary, The Citizens Bank of Forsyth County (the "Bank").  On February 3,
  1997, the Bank opened for business and the Company acquired 100% of its
  capital stock.  During the fourth quarter of 1996 and the first quarter of
  1997, the Company sold 800,000 shares of Common Stock, no par value, for a
  total consideration of $8,000,000.  The Bank was capitalized at $6,500,000 as
  required by the Georgia Department of Banking and Finance ("Georgia
  Department").

  During 1996, the Company and the Bank were in the process of organizing and
  obtaining the necessary approvals from regulatory agencies for opening.
  Preliminary approval to charter the Bank was issued in July 1996 by the
  Georgia Department and the Federal Deposit Insurance Corporation.  The
  Company's application to become a bank holding company pursuant to the
  acquisition of the Bank was approved on November 25, 1996 by the Federal
  Reserve Bank of Atlanta.

  On January 30, 1997, the Bank received final approval and a permit to begin
  business from the Georgia Department.  The Federal Deposit Insurance
  Corporation approved the Bank's application on February 3, 1997.

  Since February 3, 1997, the Bank has been in operation as a commercial bank
  offering traditional banking services in the Cumming, Forsyth County, Georgia
  area.  The Citizens Bank of Forsyth County is a local community bank catering
  to the needs of small to medium sized businesses and local customers who
  desire the community banking relationship and services.  The Bank offers a
  variety of checking, savings and time accounts, and other services such as
  commercial and consumer loans, safe deposit boxes, and other services related
  to banking.  Since it began business, the Bank's performance has demonstrated
  a significant need for its services in the Bank's market area.  Forsyth
  Bancshares, Inc. was formed to offer the Bank flexibility and support and at
  this time does not intend to engage in any additional activities permitted by
  the Federal Reserve and will function solely on the Bank's behalf.

  All financial data set forth herein under the caption "Item 2 - Management's
  Discussion and Analysis of Financial Condition and Results of Operations,"
  have been rounded to the nearest thousand dollars, except where otherwise
  specified.

  Supervision and Regulation

  The Bank is subject to regulation by the Georgia Department and the Federal
  Deposit Insurance Corporation.  The Company's primary banking regulator is the
  Board of Governors of the Federal Reserve System (the "Federal Reserve").


  NET INCOME

  The Company's net loss for the  quarter ended June 30, 1997 was $120,000
  ($0.15 loss on a per share basis).  The Company's loss for the six months
  ended June 30, 1997 was $284,000.  The Company has negative retained earnings
  of $196,000 at June 30, 1997 with the total loss since inception (February 14,
  1996) to $480,000.  The net loss for the three months ended March 31, 1997 was
  $164,000.  As the Company increases its loan and securities portfolio, losses
  should continue to steadily decline.  The Company is beginning to stabilize
  expenses, and non-interest income is increasing due to the increase in the
  number of deposit accounts.

                                      -8-
<PAGE>
 
  NET INTEREST INCOME

  Net interest income for the quarter ended June 30, 1997 was approximately
  $240,000 (before the provision for loan loss allocation) compared to $108,000
  for the first quarter of 1997.  The increase is primarily due to the increase
  in the investment and loan portfolios.  Investment securities were up
  $4,000,000 over the first quarter of 1997 and loans increased by approximately
  6,000,000 in the second quarter of 1997.

  Net interest income for the quarter ended June 30, 1997 was $179,000 (after
  the provision to loan loss allocation of $61,000). This compares to $76,000
  for this quarter ended March 31, 1997 in which a provision of $32,000 was
  taken.  The Company's net interest margin for the quarter ended June 30, 1997
  was 2.22% compared to 1.87% for the quarter ended March 31, 1997, partly
  resulting from increases in earning assets.


  INTEREST INCOME

  Interest income for the second quarter of 1997 was $435,000 compared to the
  $163,000 for the first quarter of 1997.  The primary components of interest
  income during the three months ended June 30, 1997 were loan interest of
  $188,000, federal funds sold interest of $149,000 and investment securities
  interest of $98,000.  For the three months ended March 31, 1997, the primary
  components were federal funds sold interest of $110,000, loan interest of
  $36,000, and investment securities interest of $17,000.  Increases in loans
  from March 31 to June 30, 1997 was $6,060,000 and was the primary reason for
  the increase in interest income.


  INTEREST EXPENSE

  Interest expense for the three months ended June 30, 1997 was $195,000
  compared to only $55,000 for the three months ended March 31, 1997.  Total
  deposits increased from March 31 to June 30, 1997 by approximately $8,920,000,
  most of which are interest bearing time deposits. Deposit expense was the only
  interest expense recorded for the quarters ending March 31 and June 30,1997.


  NON-INTEREST INCOME

  Non-interest income for the quarter ended June 30,1997 was $13,000 compared to
  $5,000 for the quarter ended March 31, 1997.  Account service charges
  increased by approximately $7,000 over the previous quarter to $8,000 for the
  June quarter primarily as a result of an increase in the number of deposit
  accounts.  As new accounts continue to be established, these charges will
  likely continue to increase, thereby increasing non-interest income.


  NON-INTEREST EXPENSE

  Non-interest expense for quarter ended June 30,1997 was $312,000 compared to
  $245,000 for the quarter ended March 31, 1997.  For the three months ended
  June 30, 1997 and March 31, 1997, salary expenses were $155,000 and $121,000,
  respectively, occupancy and equipment expense were $57,000 and $42,000,
  respectively, and other operational expenses were $100,000 and $82,000,
  respectively.  These expenses are incurred in the normal course of business.

  The Company currently employs twelve full time employees on a consolidated
  basis consisting of four officers, two customer service, three tellers, one
  loan secretary, one loan operations assistant and one general overall
  operations assistant.  There have been no additions to staff since the opening
  of the Bank on February 3, 1997.

                                      -9-
<PAGE>
 
  INCOME TAXES

  At December 31, 1996, the Company had a net operating loss carryforward for
  tax purposes of approximately $11,000, which will expire in the year 2011 if
  not previously utilized.  No income tax expense or benefit was recorded for
  the period ended June 30,1997 due to the loss carryforward, and the fact that
  the Company had a loss for the first half of the year.


  ASSET QUALITY

  Total assets at June 30, 1997 were approximately $29,886,000, an increase of
  8,840,000 or 42% over total assets at March 31, 1997.  The return on average
  assets was (0.91%) for the quarter ended June 30, 1997, compared to (1.13%)
  for the quarter ended March 31, 1997.  Net loans increased $5,999,000 to
  9,148,000 or 191% from March 31, 1997 to June 30, 1997.  Other assets
  increased $147,000 or 72% from March 31, 1997 to June 30, 1997.  Deposits
  reflected an $8,920,000 or 67% increase from March 31, 1997 to June 30, 1997.

  At June 30, 1997, the Company had no past due loans and as of that date has no
  chargeoffs and recoveries in the loan portfolio.  There have been no gains or
  losses on securities sales.  There were no past due loans, chargeoffs,
  recoveries, or gains or losses on sale of securities as of March 31, 1997.

  The loan portfolio is periodically reviewed to evaluate the outstanding loans
  and to measure both the performance of the portfolio and the adequacy of the
  allowance for loan losses.  This analysis includes a review of delinquency
  trends, actual losses and internal credit ratings.  Based on this analysis,
  management considers the allowance for loan losses of $93,000 at June 30, 1997
  to be adequate to cover possible loan losses in the portfolio as of that date.
  However, because of the inherent uncertainty of assumptions made during the
  evaluation process, there can be no assurance that loan losses in future
  periods will not exceed the allowance for loan losses or that additional
  allocations to the allowance will not be required.

            Analysis of Allowance for Loan Losses at June 30, 1997
            ------------------------------------------------------

<TABLE>
<CAPTION>
 
<S>                                                            <C>        
  Allowance for loan losses at March 31, 1997............. $     32,000   
  Charge-offs:                                                       -0-  
     Commercial, financial, and agricultural..............           -0-  
     Real estate..........................................           -0-  
     Installment loans to individuals.....................           -0-  
     Total................................................           -0-  
  Recoveries:                                                             
     Commercial, financial, and agricultural..............           -0-  
     Real estate..........................................           -0-  
     Installment loans to individuals.....................           -0-  
     Total................................................           -0-  
  Net charge-offs.........................................           -0-  
  Provision for loan losses charged to income.............       61,000   
                                                          ----------------
  Allowance for loan losses at June 30, 1997..............      $93,000    
</TABLE>

                                     -10-
<PAGE>
 
                        LIQUIDITY AND CAPITAL RESOURCES

  Management considers the Company's liquidity to be adequate to meet operating
  and loan funding requirements at June 30, 1997.  At June 30, 1997, the
  liquidity ratio (i.e., cash, short-term assets and marketable assets divided
  by net deposits and short-term liabilities) for the bank was 83.7% and the
  loan to deposit ratio was approximately 41.5% from March 31, 1997 levels.
  These compare to a liquidity ratio of 118.24%, a dependency ratio of negative
  74.7% and a loan to deposit ratio of 23.8% at March 31, 1997.  This increase
  in the loan to deposit ratio and the resulting decrease in liquidity is due
  primarily to the increase in loans compared to an increase in deposits of
  $8,920,000 (66.7%) from March 31, 1997 levels.  At June 30, 1997, federal
  funds sold were $10,010,000 providing the Bank with additional liquidity.  As
  the portfolio continues to grow, management will continuously monitor the
  liquidity of the Bank and the Company and make adjustments as deemed
  necessary.

  Requirements by banking regulators now include the monitoring of risk based
  capital guidelines for banks and holding companies that are designed to make
  capital requirements more sensitive to differences in risk profiles and
  account for off balance sheet items.  Tier 1 capital includes common
  shareholders' equity, qualifying perpetual preferred stock and minority
  interests in equity accounts of consolidated subsidiaries but excludes
  goodwill and most other intangibles and excludes the allowances for loans and
  lease losses.  Tier 2 capital includes the excess of any preferred stock not
  included in Tier 1 capital, mandatory convertible securities, hybrid capital
  instruments, subordinated debt and intermediate term-preferred stock and
  general reserves for loan and lease losses up to 1.25% of risk-weighted
  assets.

  The Bank's and the Company's capital ratios at this early stage of the Bank's
  operations exceed regulatory minimums.  However, as the Company and the Bank
  grow and the loan portfolio gets larger, these ratios will adjust downward.
  Management will monitor these amounts on a continuous basis.  The schedule on
  the following page reflects the current regulatory capital levels in more
  detail, including comparisons of actual capital levels to the regulatory
  minimums.

                                     -11-
<PAGE>
 
                            Forsyth Bancshares, Inc.
                                      and
                        Citizens Bank of Forsyth County
                        Regulatory Capital Requirements
                                 June 30, 1997
                             (Dollars in Thousands)
<TABLE>
<CAPTION>
 
 
 
                                   Actual            Required           Excess              
                               Amount  Percent   Amount   Percent   Amount  Percent        
                             ------------------------------------------------------        
<S>                            <C>     <C>       <C>     <C>        <C>     <C>            
Forsyth Bancshares, Inc.                                                                                       
                                                                                           
Risk-based capital:                                                                        
 Tier 1 capital                 $7290       58%   $ 241      4.00%   $6999       54%       
 Total capital                   7383       58%    1009      8.00%    6374       50%       
Tier 1 leverage ratio            7290       58%    1009      4.00%    6999       50%       
                                                                                           
                                                                                           
Citizens Bank of Forsyth                                                                                    
County                                                                                     
                                                                                           
Risk-based capital:                                                                        
 Tier 1 capital                 $6083       48%   $ 243      4.00%    5840       44%       
 Total capital                   6132       48%     491      8.00%    5641       41%       
Tier 1 leverage ratio            6083       48%     243      4.00%    5840       44%        
 
</TABLE>

                                     -12-
<PAGE>
 
                          PART II - OTHER INFORMATION


  Item 1.   Legal Proceedings--Not applicable

  Item 2.   Changes in Securities--Not applicable

  Item 3.   Defaults upon Senior Securities--Not applicable

  Item 4.   Submission of matters to a Vote of Security Holders--Not applicable

  Item 5.   Other Information--Not applicable

  Item 6.   Exhibits and reports on Form 8-K

            (a) Exhibits

                - Exhibit 27.1 - Financial Data Schedule

            (b) Reports on Form 8-K - None

                                     -13-
<PAGE>
 
                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed by the undersigned,
thereunto duly authorized.


                                FORSYTH BANCSHARES, INC.


                                BY:  /s/ DAVID S. DENTON
                                    --------------------------------------------
                                    Name:  David S. Denton
                                    Title: President and Chief Executive Officer

 
                                Date:  August 12, 1997

                                     -14-
<PAGE>
 
                               INDEX TO EXHIBITS


Exhibit 27.1   Financial Data Schedule