FORM OF
                                WARRANT AGREEMENT
                                   (DIRECTOR)


     THIS AGREEMENT is made and entered into as of the ____ day of ___________,
200_ by and between FLINT RIVER BANCSHARES, INC., a Georgia corporation (the
"Corporation"), and _________________________ (the "Warrant Holder").


                               W I T N E S S E T H
                               - - - - - - - - - -

     WHEREAS, the Warrant Holder has served as an organizer in the formation of
the Corporation and the formation and establishment of     Flint River National
Bank (In Organization) (the "Bank"), the wholly owned subsidiary of the
Corporation; and

     WHEREAS, the Warrant Holder has purchased __________ shares of the
Corporation's common stock, $ 1.00 par value per share (the "Common Stock"), at
a price of $10.00 per share; and

     WHEREAS, the Warrant Holder will provide services to the Corporation as a
director of the Corporation and the Bank; and

     WHEREAS, the Corporation, in recognition of the financial risk undertaken
by the Warrant Holder in organizing the Bank and the Corporation and in order to
encourage the Warrant Holder's continued involvement in the successful operation
of the Corporation and the Bank, desires to issue to the Warrant Holder the
right to acquire additional shares of the Corporation's Common Stock.

     NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties to this Agreement agree as follows:

     1.     Grant of Warrant.  Subject to the terms, restrictions, limitations
            ----------------
and conditions stated in this Agreement, the Corporation hereby grants to the
Warrant Holder the right (the "Warrant") to purchase all or any part of an
aggregate of _____________ shares of the Common Stock, subject to adjustment in
accordance with Section 7 of this Agreement.  The aggregate number of shares of
Common Stock which the Corporation grants the Warrant Holder the right to
purchase under this Agreement shall be no greater than the number of shares of
Common Stock subscribed by the Warrant Holder in the Corporation's initial
public offering.

     2.     (a).     Term. The term for the exercise of this Warrant begins at
                     ----
9:00 a.m., Eastern Time, on the first anniversary of the date that the
Corporation first issues its common stock (the "Issue Date").  The term for the
exercise of this Warrant ends at 5:00 p.m., Eastern Time (the "Expiration
Time"), on the earlier of:


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               (i)   the tenth anniversary of the Issue Date, or

               (ii)  90 days after the Warrant Holder ceases to serve as a
          director of the Corporation, except that if the Warrant Holder ceases
          to be a director because he is disabled, retires or is deceased, then
          the Warrant Holder (or his estate) will have until the tenth
          anniversary of the Issue Date to exercise this Warrant.

          (b)     Required Exercise. Notwithstanding any other provision of this
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Agreement, if the Corporation's capital falls below the minimum requirements as
determined by the primary federal or state regulator of the Corporation or the
Corporation (the "Regulator"), the Regulator may direct the Corporation to
require the Warrant Holder to exercise or forfeit his or her Warrant.  The
Corporation will notify the Warrant Holder within 45 days from the date the
Regulator notifies the Corporation in writing that the Warrant Holder must
exercise or forfeit his or her Warrant.  The Corporation will cancel this
Warrant if it is not exercised within 21 days of the Corporation's notification
to the Warrant Holder.  The Corporation agrees to comply with any Regulator's
request that the Corporation invoke its right to require the Warrant Holder to
exercise or forfeit his or her Warrant under the circumstances stated above.

          (c)     Vesting.  The Warrant will vest in annual one-third (1/3)
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increments over a period of three years, beginning on the first anniversary of
the Issue Date.  The vested portion of the Warrant may be exercised in whole, or
from time to time in part, at any time prior to the Expiration time.  In the
event of permanent disability or death of the Warrant Holder, any unvested
portion of the Warrant shall become fully vested to the Warrant Holder (or his
or her estate).

     3.     Purchase Price.  The price per share to be paid by the Warrant
            --------------
Holder for the shares of Common Stock subject to this Warrant shall be $10.00,
subject to adjustment as set forth in Section 6 of this Agreement (the price, as
adjusted, is called the "Purchase Price").

     4.     Exercise of Warrant.  The Warrant Holder may exercise this Warrant
            -------------------
by delivering the following to the Corporation:

           (a)     Written notice of exercise specifying the number of shares of
     Common Stock with respect to which this Warrant is being exercised; and

           (b)     A cashier's or certified check payable to the Corporation for
     the full amount of the aggregate Purchase Price for the number of shares as
     to which this Warrant is being exercised.

     The Warrant Holder must deliver the notice of exercise and the cashier's or
certified check to the address of the Corporation as set forth in Section 11(a)
of this Agreement or any other address that the Corporation requests.

     5.     Issuance of Shares.  Upon receipt of the items set forth in Section
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4 of this Agreement, and subject to the terms of this Agreement, the Corporation
shall deliver to the Warrant Holder stock certificates for the number of shares
specified in the notice of exercise, and shall register the share or shares in
the name of the Warrant Holder.  In no event shall the


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Corporation be required to issue or deliver any certificate for shares of Common
Stock purchased upon the exercise of this Warrant or any portion of this Warrant
prior to the fulfillment of the following conditions:

           (a)     The admission of such shares for listing on all stock
     exchanges on which the Common Stock is then listed;

           (b)     The completion of any registration or other qualification of
     such shares which the Corporation shall deem necessary or advisable under
     any federal or state law or under the rulings or regulations of the
     Securities and Exchange Commission or any other governmental regulatory
     body;

           (c)     The obtaining of any approval or other clearance from any
     federal or state governmental agency or body, which the Corporation shall
     determine to be necessary or advisable; including, but not limited to,
     approval by the Georgia Department of Banking and Finance, if the exercise
     of the Warrant will result in the Warrant Holder beneficially owning more
     than 20% of the outstanding common stock of the Corporation; or

           (d)     The lapse of such reasonable period of time following the
     exercise of this Warrant as the Corporation may from time to time establish
     for reasons of administrative convenience.

     The Corporation shall have no obligation to obtain the fulfillment of these
conditions; provided, however, that the Warrant Holder shall have one full
calendar year after these conditions have been fulfilled to exercise his or her
Warrant, notwithstanding any other provision in this Agreement.

     6.     Antidilution, Etc.
            ------------------

           (a)     If, prior to the Expiration Time, the Corporation shall
     subdivide its outstanding shares of Common Stock into a greater number of
     shares, or declare and pay a dividend of its Common Stock payable in
     additional shares of its Common Stock, the Purchase Price, as then in
     effect, shall be proportionately reduced, and the Corporation shall
     proportionately increase the number of shares of Common Stock then subject
     to exercise under this Warrant (and not previously exercised).

           (b)     If, prior to the Expiration Time, the Corporation shall
     combine its outstanding shares of the Common Stock into a smaller number of
     shares, the Purchase Price, as then in effect, shall be proportionately
     increased, and the Corporation shall proportionately reduce the number of
     shares of Common Stock then subject to exercise under this Warrant (and not
     previously exercised).

     7.     Reorganization, Reclassification, Consolidation or Merger.  If,
            ---------------------------------------------------------
prior to the Expiration Time, there shall be any reorganization or
reclassification of the Common Stock (other than a subdivision or combination of
shares provided for in Section 6 of this Agreement), or any consolidation or
merger of the Corporation with another entity, the Warrant Holder shall be
entitled to receive, during the remainder of the term of this Agreement and upon
payment of


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the Purchase Price, the number of shares of stock or other securities or
property of the Corporation or of the successor entity (or its parent company)
resulting from such consolidation or merger, as the case may be, to which a
holder of the Common Stock, deliverable upon the exercise of this Warrant, would
have been entitled upon such reorganization, reclassification, consolidation or
merger; and in any case, the Corporation shall make appropriate adjustments (as
determined by the Board of Directors of the Corporation in its sole discretion)
in the application of the provisions with respect to the rights and interests of
the Warrant Holder so that the provisions set forth in this Agreement (including
the adjustment of the Purchase Price and the number of shares issuable upon the
exercise of this Warrant) shall be applicable, as nearly as may reasonably be
practicable, to any shares or other property thereafter deliverable upon the
exercise of this Warrant.

     8.     Transfer and Assignment.
            -----------------------

           (a)     During the Warrant Holder's lifetime, this Warrant and any
     rights under this Agreement shall be exercisable only by the Warrant Holder
     (or by the Warrant Holder's guardian or legal representative, should one be
     appointed). Except assignments or transfers made by will or under the laws
     of descent and distribution, this Warrant or any rights under this
     Agreement may not be assigned, transferred, pledged or hypothecated in any
     way (whether by operation of law or otherwise) and shall not be subject to
     execution, attachment or similar process. Any attempted assignment,
     transfer, pledge, hypothecation or other disposition of this Warrant except
     as provided for in this Section 10 shall be null and void and without legal
     effect.

           (b)     Shares of Common Stock acquired by exercise of this Warrant
     granted in this Agreement may not be transferred or sold unless the
     transfer is exempt from further regulatory approval or otherwise
     permissible under applicable law, including state and federal securities
     laws, and will bear a legend to this effect.

     9.     Notice of Adjustments.  Within thirty (30) days following any
            ---------------------
adjustment provided for in Section 7 or Section 8 of this Agreement, the
Corporation shall give written notice of the adjustment to the Warrant Holder at
the address set forth in Section 11(a) of this Agreement or such other address
as the Warrant Holder may request.  The notice shall state the Warrant Purchase
Price as adjusted and the increased or decreased number of shares purchasable
upon the exercise of this Warrant and shall set forth in reasonable detail the
method of calculation of each.

     10.     Miscellaneous.
             -------------

           (a)     All notices, requests, demands and other communications
     required or permitted hereunder shall be in writing and shall be deemed to
     have been duly given when delivered by hand, telegram or facsimile
     transmission, or if mailed, by postage prepaid first class mail, on the
     third business day after mailing, to the following address (or at such
     other address as a party may notify the other hereunder):


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               To the Corporation:

                    Flint River Bancshares, Inc.
                    94-B Oakland Avenue
                    Camilla, Georgia 31730
                    Attention:  Harry N. Park

               To the Warrant Holder:

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                    ----------------------------------

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           (b)     The Corporation covenants that it has reserved and will keep
     available, solely for the purpose of issue upon the exercise of this
     Warrant, a sufficient number of shares of Common Stock to permit the
     exercise hereof in full.

           (c)     No holder of this Warrant, as such, shall be entitled to vote
     or receive dividends with respect to the shares of Common Stock subject to
     this Warrant or be deemed to be a shareholder of the Corporation for any
     purpose until such Common Stock has been issued.

           (d)     This Agreement shall constitute the entire agreement
     contemplated by the Corporation and the Warrant Holder and may be amended
     only by an instrument in writing executed by the party against whom
     enforcement of the amendment is sought.

           (e)     This Agreement may be executed in counterparts, each of which
     shall be deemed an original, but all of which shall constitute one and the
     same instrument.

           (f)     This Agreement shall be governed by and construed and
     enforced in accordance with the laws of the State of Georgia.



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     IN WITNESS WHEREOF, the Corporation has caused this Agreement to be signed
by its duly authorized officers and its corporate seal to be affixed hereto, and
the Warrant Holder has executed this Agreement under seal, all as of the day and
year first above written.

                                       FLINT RIVER BANCSHARES, INC.


                                       By:
                                          --------------------------------------

                                       Print Name:
                                                  ------------------------------

                                       Title:
                                             -----------------------------------



                                       WARRANT HOLDER

                                                                          (SEAL)
                                       ----------------------------------
                                       Print Name:
                                                  ------------------------------


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