EXHIBIT 10.4

                                 PROMISSORY NOTE

$6,000,000                                                        July 7, 2003


     FOR VALUE RECEIVED, the undersigned, COMMUNITY NATIONAL BANCORPORATION, a
Georgia corporation (the "Borrower"), promises to pay to the order of MICHAEL E.
WARD (the "Lender" and, together with any holder hereof, called the "Holder"),
at such place as the Holder may designate in writing to the Borrower, in lawful
money of the United States of America, the principal sum of Six Million and
No/100 Dollars ($6,000,000), plus interest as hereinafter provided.

     This Note is the Note made and given as described in that certain Loan and
Stock Pledge Agreement dated as of July 7, 2003, between the Borrower and the
Lender (the "Loan Agreement"). In the event of any inconsistency between this
Note and the Loan Agreement, this Note shall control. All capitalized terms used
herein shall have the meanings ascribed to such terms in the Loan Agreement,
except to the extent such capitalized terms are otherwise defined or limited
herein.

     The Borrower shall be entitled to borrow funds hereunder pursuant to the
terms and conditions of the Loan Agreement.

     The Borrower promises to pay interest on the unpaid principal amount
outstanding hereunder (the "Loan"), at a simple interest rate per annum equal
to the Prime Rate Basis. "Prime Rate Basis" shall mean, on any day, a simple
interest rate per annum equal to the Prime Rate minus fifty basis points
(0.50%). The interest rate on the loan will never be less than 5.50%.

     "Prime Rate" shall mean, on any day, the rate of interest published as the
"Prime Rate" as of such day appearing in the "Money Rates" section of the Wall
                                                                          ----
Street Journal, Eastern Edition, or any successor to such section. If more than
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one such rate shall be published, then the Prime Rate shall be the higher or
highest of such rates. The Prime Rate in effect as of the close of business of
each day shall be the applicable Prime Rate for the day and each succeeding non-
business day in determining the applicable Prime Rate Basis.

     Interest shall be calculated on the basis of a 360-day year for the actual
number of days elapsed.

     Interest under this Note shall be due and payable quarterly in arrears on
the first day of each calendar quarter, commencing June 1, 2002, and continuing
to be due on the first day of each calendar quarter thereafter until this Note
is paid in full. Interest shall also be due and payable when this Note shall
become due (whether at maturity, by reason of acceleration or otherwise). After
default, interest shall also be due and payable upon demand from time to time by
the Holder as provided below.

     Commencing April 1, 2003, and continuing on April 1 of each succeeding
calendar year, the indebtedness evidenced by this Note shall be due and payable
in ten consecutive annual installments of principal, each in the amount of
1/10th of the principal amount outstanding hereunder, plus all accrued and
unpaid interest as hereinabove provided. The entire outstanding balance of the
indebtedness evidenced by this Note, together with all accrued and unpaid
interest, shall be due and payable in a tenth and final installment on April 1,
2012.

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     Overdue principal shall bear interest for each day from the date it became
so due until paid in full, payable on demand, at a rate per annum (computed on
the basis of a 360-day year for the actual number of days elapsed) equal to the
Prime Rate Basis plus 3%.

     In no event shall the amount of interest due or payable hereunder exceed
the maximum rate of interest allowed by applicable law, and in the event any
such payment is inadvertently paid by the Borrower or inadvertently received by
the Holder, then such excess sum shall be credited as a payment of principal,
unless the Borrower shall notify the Holder, in writing, that the Borrower
elects to have such excess sum returned to it forthwith. It is the express
intent hereof that the Borrower not pay and the Holder not receive, directly
or indirectly, in any manner whatsoever, interest in excess of that which may
be lawfully paid by the Borrower under applicable law.

     All parties now or hereafter liable with respect to this Note, whether the
Borrower, any guarantor, endorser, or any other person or entity, hereby waive
presentment for payment, demand, notice of non-payment or dishonor, protest and
notice of protest, or any other notice of any kind with respect thereto.

     Time is of the essence of this Note.

     No delay or omission on the part of the Holder in the exercise of any right
or remedy hereunder or any Financing Document, ox at law or in equity, shall
operate as a waiver thereof, and no single or partial exercise by the Holder of
any right or remedy hereunder, under the Loan Agreement or any Financing
Document, or at law or in equity, shall preclude or estop another or further
exercise thereof or the exercise of any other right or remedy.

     Should this Note, or any part of the indebtedness evidenced hereby, be
collected by law or through an attorney-at-law or under advice therefrom, the
Holder shall be entitled to collect reasonable attorneys' fees and all costs of
collection.

     This Note is entitled to the benefits of the Loan Agreement, which contains
provisions with respect to the acceleration of the maturity of this Note upon
the happening of certain stated events, and for prepayment of the Loan. The
Borrower may make prepayment of the Loan at any time without penalty.

     The Holder shall be under no duty to exercise any or all of the rights and
remedies given by this Note and the Loan Agreement or under any of the other
Financing Documents and no party to this instrument shall be discharged from the
obligations or undertakings hereunder (a) should the Holder release or agree not
to sue any person against whom the party has, to the knowledge of the Holder, a
right to recourse, or (b) should the Holder agree to suspend the right to
enforce this Note or Holder's interest in any collateral pledged or any
guarantee given to secure this Note against such person or otherwise discharge
such person.

     This Note shall be deemed to be made pursuant to the laws of the State of
Georgia.

                            [Signature page follows]

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     IN WITNESS WHEREOF, the duly authorized officers of the Borrower have
executed, sealed, and delivered this Note, as of the day and year first above
written.


COMMUNITY NATIONAL BANCORPORATION

By:    /s/Theron G. Reed
       -------------------------------
Name:  Theron G. Reed
       -------------------------------
Title: President
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Attest: /s/T. Brinson Brock
        ------------------------------
Name:   T. Brinson Brock
        -------------------------------
Title:  Secretary
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[CORPORATE SEAL]




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