SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

              [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                  For the Quarterly Period Ended June 30, 2000

                                       OR

            [ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                      For the Transition Period from          to
                                                     --------


                        Futurus Financial Services, Inc.
                        --------------------------------
             (Exact name of registrant as specified in its charter)

        Georgia                       6711                       58-2485661
-----------------------   ----------------------------   -----------------------
(State of Jurisdiction    (Primary Standard Industrial    (I.R.S. Employer
of Incorporation           Classification Code Number)     Identification No.)
or organization)

281 South Main Street, Suite 105A
Alpharetta, Georgia                                                30009
----------------------------------                       -----------------------
(Address of principal executive                                  (Zip Code)
 offices)

                                  770-667-7899
                                  ------------
                               (Telephone Number)


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

     Check  whether the issurer:  (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.

                                 YES      NO XX
                                            ----

                      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:
     One  share  of  common  stock,  no par  value  per  share  was  issued  and
outstanding as of June 30, 2000.  Registrant has recently  completed an offering
of its stock  pursuant to a Registration  Statement on Form SB-2,  which the SEC
declared effective on July 14, 2000.

     Transitional Small Business Disclosure Format (check one):  YES     NO XX
                                                                    ---    ---


<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.

                         PART I.  FINANCIAL INFORMATION

    ITEM 1.    FINANCIAL  STATEMENTS

               The financial statements of Futurus Financial Services, Inc. (the
"Company") are set forth in the following pages.



                                      -2-
<PAGE>
                       FUTURUS  FINANCIAL  SERVICES,  INC.
                      (A  DEVELOPMENT  STAGE  CORPORATION)

                                BALANCE  SHEET
                                 (UNAUDITED)

                                JUNE 30, 2000

                                   Assets
                                   ------


Cash                                                           $   1,290

Premises and equipment, net                                      177,014

Other assets                                                      37,978
                                                               ----------

                                                               $ 216,282
                                                               ==========


                  Liabilities and Stockholder's Deficit
                  -------------------------------------

Accounts payable and accrued expenses                          $  64,427

Note payable - line of credit                                    642,078
                                                               ----------

      Total liabilities                                          706,505

Stockholder's deficit:

  Preferred stock, no par value; 2,000,000 shares authorized;          -
    no shares issued and outstanding

  Common stock, no par value; 10,000,000 shares authorized;           10
    1 share issued and outstanding

  Deficit accumulated during the development stage              (490,233)
                                                               ----------

      Total stockholder's deficit                               (490,223)
                                                               ----------

                                                               $ 216,282
                                                               ==========


                                      -3-
<PAGE>
                     FUTURUS  FINANCIAL  SERVICES,  INC.
                      (A DEVELOPMENT STAGE CORPORATION)

                         STATEMENTS  OF  OPERATIONS
                                (UNAUDITED)

             FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2000
       AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO JUNE 30, 2000



                           Three Months    Six Months     Cumulative
                              Ended           Ended         Through
                          June 30, 2000   June 30, 2000  June 30, 2000
                          --------------  -------------  -------------

Expenses:
  Legal and consulting    $          962        102,017        192,812

  Officer compensation            98,465        137,471        185,518

  Other operating                 39,423         67,867        111,903
                          --------------  -------------  -------------

      Net loss            $      138,850        307,355        490,233
                          ==============  =============  =============


                                      -4-
<PAGE>
<TABLE>
<CAPTION>
                           FUTURUS  FINANCIAL  SERVICES,  INC.
                            (A DEVELOPMENT STAGE CORPORATION)

                                STATEMENTS OF CASH FLOWS
                                       (UNAUDITED)

                         FOR THE SIX MONTHS ENDED JUNE 30, 2000
            AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO JUNE 30, 2000



                                                            Six Months     Cumulative
                                                              Ended          Through
                                                          June 30, 2000   June 30, 2000
                                                         ---------------  --------------
<S>                                                      <C>              <C>
Cash flows from operating activities:
  Net loss                                               $     (307,355)       (490,233)
  Adjustments to reconcile net loss to net cash used by
    operating activities:
      Depreciation                                                  210             713
      Change in other assets                                    (24,395)        (37,978)
      Change in accounts payable and accrued expenses            29,405          64,427
                                                         ---------------  --------------

        Net cash used by operating activities                  (302,135)       (463,071)
                                                         ---------------  --------------

Cash flows from investing activities, consisting of
  additions to premises and equipment                          (175,212)       (177,727)
                                                         ---------------  --------------

Cash flows from financing activities:
  Proceeds from line of credit                                  472,078         642,078
  Sale of organization share of common stock                          -              10
                                                         ---------------  --------------

        Net cash provided by financing activities               472,078         642,088
                                                         ---------------  --------------

Net change in cash and cash equivalents                          (5,269)          1,290

Cash and cash equivalents at beginning of period                  6,559               -
                                                         ---------------  --------------

Cash and cash equivalents at end of period               $        1,290           1,290
                                                         ===============  ==============


Supplemental cash flow information:
  Cash paid for interest                                 $       11,843          13,092
                                                         ===============  ==============
</TABLE>


                                      -5-
<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                          NOTES TO FINANCIAL STATEMENTS

(1)  ORGANIZATION
     ------------
     Futurus Financial  Services,  Inc. (the "Company") was incorporated for the
     purpose of becoming a bank holding company.  The Company intends to acquire
     100%  of  the   outstanding   common  stock  of  Futurus  Bank,   N.A.  (In
     Organization) (the "Bank"), which will operate in northern Fulton County in
     the metropolitan Atlanta,  Georgia area. The organizers of the Bank filed a
     joint application to charter the Bank with the Office of the Comptroller of
     Currency and the Federal Deposit Insurance Corporation on October 15, 1999.
     Provided that the application is timely  approved and necessary  capital is
     raised,  it is expected that  operations will commence in the first quarter
     of 2001.

     Operations  through June 30, 2000 relate  primarily to  expenditures by the
     organizers for incorporating  and organizing the Company.  All expenditures
     by the organizers are considered expenditures of the Company.

     The Company plans to raise between  $9,000,000 and  $11,000,000  through an
     offering of its common stock at $10 per share, of which  $8,500,000 will be
     used to  capitalize  the  Bank.  The  organizers  and  directors  expect to
     subscribe for a minimum of approximately $2,232,500 of the Company's stock.

     In connection with the Company's  formation and initial offering,  warrants
     to  purchase  shares of common  stock at $10.00 per share will be issued to
     the organizing stockholders. Organizing stockholders who purchase 20,000 or
     more shares of common stock in the initial  offering will receive  warrants
     to  purchase  one  share of  common  stock for each  share  they  purchase.
     Organizing stockholders who purchase less than 20,000 shares in the initial
     offering  will  receive  warrants to purchase one share of common stock for
     each two shares they purchase.  The warrants are exercisable on each of the
     three  succeeding  anniversaries  of the date of the  close of the  initial
     offering at the initial  offering  price of $10.00 per share and expire ten
     years after the date of grant.  The Company also intends to reserve 110,000
     shares for the issuance of options under an employee incentive stock option
     plan.

(2)  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
     ----------------------------------------------
     ORGANIZATION  COSTS
     Costs incurred for the organization of the Company and the Bank (consisting
     principally of legal,  accounting,  consulting and incorporation  fees) are
     being expensed as incurred.

     DEFERRED OFFERING EXPENSES
     Costs incurred in connection with the stock offering, consisting of direct,
     incremental  costs of the offering,  are being  deferred and will be offset
     against the  proceeds of the stock sale as a charge to  additional  paid in
     capital.

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

     PROFORMA NET LOSS PER COMMON SHARE
     Proforma  net loss per common share is  calculated  by dividing net loss by
     the minimum number of common shares  (900,000),  which would be outstanding
     should the  offering  be  successful,  as  prescribed  in Staff  Accounting
     Bulletin  Topic  1:B.  The  proforma  net loss per share for the six months
     ended  June 30,  2000 was $.34 with a  cumulative  net loss per share  from
     inception to June 30, 2000 of $.54.

(3)  PREFERRED  STOCK
     ----------------
     Shares of  preferred  stock may be issued  from time to time in one or more
     series  as  established  by  resolution  of the Board of  Directors  of the
     Company.  Each  resolution  shall  include  the  number of  shares  issued,
     preferences, special rights and limitations as determined by the Board.


                                      -6-
<PAGE>
                        FUTURUS FINANCIAL SERVICES, INC.
                        (A DEVELOPMENT STAGE CORPORATION)

                    NOTES TO FINANCIAL STATEMENTS, CONTINUED

     ITEM 2.  MANAGEMENT'S  DISCUSSION  AND ANALYSIS OF FINANCIAL  CONDITION AND
RESULTS OF OPERATIONS

     Since its inception on August 12, 1999, the Company's principal  activities
have been related to its  organization,  the  conducting  of its initial  public
offering, and the pursuit of approvals from the Office of the Comptroller of the
Currency (the "OCC") and Federal Deposit  Insurance  Corporation (the "FDIC") of
its application to charter a bank. The OCC and FDIC granted preliminary approval
of the application on February 14, 2000 and April 18, 2000, respectively.

     At June 30, 2000,  the Company had total  assets of $216,282.  These assets
consisted  principally of premises and equipment of $177,014,  deferred offering
expenses of $34,206 and cash of $1,290.

     The Company's  liabilities  at June 30, 2000 were  $706,505,  consisting of
advances under a line of credit from a bank of $642,078 and accounts payable and
accrued expenses of $64,427. The Company had a stockholder's deficit of $490,223
at June 30, 2000.

     The Company had a net loss of  $307,355  for the six months  ended June 30,
2000, and $490,233  cumulatively  from inception through June 30, 2000, or a pro
forma net loss of $.34 per share for the six months ended June 30, 2000 and $.54
per share cumulatively since inception  (assuming the sale of the minimum number
of shares in the offering were outstanding during the entire period).  This loss
resulted from expenses  incurred in connection  with  activities  related to the
organization of the Bank. These  activities  included  (without  limitation) the
preparation  and filing of an  application  with the OCC and the FDIC to charter
the Bank,  responding to questions and providing  additional  information to the
OCC and the  FDIC in  connection  with  the  application  process,  preparing  a
Prospectus and filing a Registration  Statement with the SEC, selling the common
stock,  meetings and discussions among various organizers regarding  application
and SEC filing  information,  target markets and capitalization  issues,  hiring
qualified personnel to work for the Bank, conducting public relations activities
on behalf of the  Company,  developing  prospective  business  contacts  for the
Company,  and taking other  actions  necessary  for a successful  Bank  opening.
Because the Company was in the  organization  stage,  it had no operations  from
which to generate revenues.

     A  minimum  of  $9,000,000  will be  raised  in the  Offering  and  used to
capitalize the Company and to provide working capital. The Company believes this
amount  will be  sufficient  to fund the  activities  of the Bank in its initial
stages of  operations,  and that the Bank will generate  sufficient  income from
operations  to fund its  activities  on an ongoing  basis.  For  purposes of its
charter  application  with the OCC, the  organizers  estimate that the Company's
deficit  when it opens  to be  approximately  $1,160,000,  although  the  actual
deficit may be  significantly  higher or lower. The Company believes that income
from the  operations of the Bank will be sufficient to fund its activities on an
ongoing basis; however,  there can be no assurance that the Company will achieve
any  particular  level of  profitability.  The Company has obtained a $1,000,000
line of credit  guaranteed by the organizers to provide the necessary funding to
cover costs and expenses  the Bank is expected to incur prior to the  completion
of the Offering.  In the event the proceeds of the Offering are  insufficient to
provide the minimum initial funding needed for regulatory approval, the proceeds
from the Offering will be returned to the investors, the Offering withdrawn, and
the organizers will assume the obligations of the Company.


                                      -7-
<PAGE>
                           PART II.  OTHER INFORMATION


ITEM 1.   LEGAL  PROCEEDINGS

     There are no material  pending legal  proceedings to which the Company is a
party.

ITEM 2.   CHANGES  IN  SECURITIES

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Not applicable.

     (d)  The  Registrant's  Registration  Statement  on Form SB-2 was  declared
          effective on July 14, 2000, which  registered  1,100,000 shares of the
          Registrant's common stock.  Therefore, as of the period ended June 30,
          2000 for which this Form 10-QSB relates, no offering proceeds had been
          received by the Registrant.

ITEM 3.   DEFAULTS  UPON  SENIOR  SECURITIES

     Not applicable

ITEM 4.   SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS

     On June 23, 2000, by written consent by the Registrant's  sole shareholder,
Michael S. Hug was removed from the Board of Directors as a Class I director and
Deborah  M.  Janicki  was  removed  from the  Board of  Directors  as a Class II
director.  By the same shareholder  action,  Mr. Hug was elected to serve on the
Registrant's  Board of  Directors  as a Class II  director  and Ms.  Janicki was
elected  to serve on the Board of  Directors  as a Class I  director.  All other
directors, and the term of their directorships, remained unchanged.

ITEM 5.   OTHER INFORMATION

     None.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

    (a)   Exhibits.  The  following  exhibits are filed with or  incorporated by
reference into this Form 10-QSB pursuant to Item 601 of Regulation S-B:

Exhibit
  No.                              Description
------                             -----------

4.1                 Registrant  hereby  incorporates  by reference  exhibits 3.1
                    (the  Registrant's  article's  of  incorporation),  3.2 (the
                    Registrant's  bylaws) and 4.1 (specimen stock certificate of
                    the Registrant's common stock) of its Registration Statement
                    on Form SB-2, as amended (File No. 333-30144).

10.1                Registrant  hereby  incorporates by reference  exhibits 10.1
                    through 10.15 of its Registration Statement on Form SB-2, as
                    amended (File No. 333-30144).

27.1                Financial Data Schedule (for SEC use only).

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

     (b)     Reports  on  form  8-K
             None.


                                      -8-
<PAGE>
                                   SIGNATURES


     Pursuant to the  requirements  of the Exchange Act, the  registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.

                              FUTURUS  FINANCIAL  SERVICES,  INC.



                              By:
                                 -----------------------------------------------
                                 William  M.  Butler
                                 President, Chief Executive Officer and Director
                                 (Principal  Executive  Officer)


                              By:
                                 -----------------------------------------------
                                 Chief  Financial  Officer
                                 (Principal Financial and Accounting Officer)


                                      -9-
<PAGE>