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 March 31, 2001

                                       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 of   (Primary Standard Industrial     (I.R.S. Employer
    Incorporation or         Classification Code Number)    Identification  No.)
      organization)

281 South Main Street, Suite 105A
Alpharetta,  Georgia                                               30004
---------------------------------                        -----------------------
(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  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.

                                 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:
     803,030  shares  of common stock, no par value per share were as issued and
outstanding  as  of  May  10,  2001.

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

                                  BALANCE SHEET
                                  (UNAUDITED)

                                 MARCH 31, 2001

                                     Assets
                                     ------

<S>                                                            <C>
Cash                                                           $    27,729

Restricted Cash                                                  7,976,782

Premises and equipment, net                                        286,541

Deferred offering expenses                                         245,786

Other assets                                                        92,940
                                                               ------------

                                                               $ 8,629,778
                                                               ============


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

Accounts payable and accrued expenses                          $    28,013

Notes payable to organizers                                        220,000

Subscribers' deposits                                            7,976,782

Note payable - line of credit                                    1,439,043
                                                               ------------

      Total liabilities                                          9,663,838

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              (1,034,070)
                                                               ------------

      Total stockholder's deficit                               (1,034,060)
                                                               ------------

                                                               $ 8,629,778
                                                               ============
</TABLE>


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

                            STATEMENTS OF OPERATIONS
                                  (UNAUDITED)

                    FOR THE THREE MONTHS ENDED MARCH 31, 2001
        AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO MARCH 31, 2001



                           Three Months      Cumulative
                               Ended          Through
                          March 31, 2001   March 31, 2001
                          ---------------  --------------
<S>                       <C>              <C>
Expenses:
    Legal and consulting  $         5,604         212,233

    Officer compensation           96,859         477,790

    Interest                       31,472          94,935

    Other operating                59,383         249,112
                          ---------------  --------------

        Net loss          $       193,318       1,034,070
                          ===============  ==============
</TABLE>


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

                                 STATEMENTS OF CASH FLOWS
                                        (UNAUDITED)

                         FOR THE THREE MONTHS ENDED MARCH 31, 2001
             AND THE PERIOD FROM AUGUST 12, 1999 (INCEPTION) TO MARCH 31, 2001


                                                           Three Months      Cumulative
                                                              Ended            Through
                                                          March 31, 2001   March 31, 2001
                                                         ----------------  ---------------
<S>                                                      <C>               <C>
Cash flows from operating activities:
  Net loss                                               $      (193,318)      (1,034,070)
  Adjustments to reconcile net loss to net cash used by
    operating activities:
      Depreciation                                                10,042           30,354
      Change in other assets                                     (86,118)         (92,940)
      Change in accounts payable and accrued expenses            (54,816)          28,013
                                                         ----------------  ---------------

        Net cash used by operating activities                   (324,210)      (1,124,101)
                                                         ----------------  ---------------

Cash flows from investing activities:
  Additions to premises and equipment                                  -        ( 316,895)
  Deferred offering expenses                                     (42,309)        (245,786)
                                                         ----------------  ---------------

        Net cash used by investing activities                    (42,309)        (562,681)
                                                         ----------------  ---------------

Cash flows from financing activities:
  Proceeds from line of credit                                   244,783        1,439,043
  Advances from organizers                                       130,000          220,000
  Sale of organization share of common stock                           -               10
                                                         ----------------  ---------------

        Net cash provided by financing activities                374,783        1,659,053
                                                         ----------------  ---------------

Net change in cash and cash equivalents                            8,264           27,729

Cash and cash equivalents at beginning of period                  19,465                -
                                                         ----------------  ---------------

Cash and cash equivalents at end of period               $        27,729           27,729
                                                         ================  ===============


Supplemental cash flow information:
  Cash paid for interest                                 $        24,782           83,643
                                                         ----------------  ---------------
</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.  The  Bank received final approval on May 1, 2001 and
       opened  for  business  on  May 2, 2001. Operations through March 31, 2001
       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 has raised $8,030,300 through an offering of its common stock
       at  $10  per  share,  of  which $7,500,000 will be used to capitalize the
       Bank.  The organizers and directors have subscribed for $4,727,020 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 organizers. We intend to issue warrants to the organizers to purchase
       an  aggregate  number of shares equal to 22% of the number of shares sold
       in  the offering, up to a maximum of 241,200 shares. We will allocate the
       aggregate number of shares subject to the warrants to the organizers on a
       pro  rata  basis based upon the number of shares each organizer purchases
       in  the offering as it relates to the total number of shares purchased in
       the  offering  by all organizers. 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  number  of common shares subscribed (803,030). The proforma net loss
       per  share  for  the  three  months  ended March 31, 2001 was $.24 with a
       cumulative  net  loss per share from inception to March 31, 2001of $1.29.

(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.  Final approval was granted on May 1, 2001 and the Bank opened for
business  on  May  2,  2001.

     At March 31, 2001, the Company had total assets of $8,629,778. These assets
consisted  principally  of restricted cash of $7,976,782, premises and equipment
of  $286,541,  deferred  offering  expenses  of  $245,786  and  cash of $27,729.

     The  Company's liabilities at March 31, 2001 were $9,663,838, consisting of
subscribers' deposits of $7,976,782, advances under a line of credit from a bank
of  $1,439,043,  advances  from  organizers of $220,000 and accounts payable and
accrued  expenses  of  $28,013.  The  Company  had  a  stockholder's  deficit of
$1,034,070  at  March  31,  2001.

     The Company had a net loss of $193,318 for the three months ended March 31,
2001,  and  $1,034,070  cumulatively from inception through March 31, 2001, or a
pro  forma  net loss of $.24 per share for the three months ended March 31, 2001
and $1.29 per share cumulatively since inception (assuming the subscribed number
of  shares  in  the offering 803,030 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.

     As  of  March 31, 2001, $8,030,300 had been 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 estimated that the Company's
deficit when it opened would be approximately $1,160,000. The actual deficit was
$1,117,000.  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.


                                      -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)  As  of  the  period  ended March 31,2001 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

     None.

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

3.1            Articles  of  Incorporation,  as  amended  and  restated*
3.2            Bylaws*
4.1            Specimen  Common  Stock  Certificate*
4.2            See  Exhibits  3.1  and  3.2  for  provisions  of the Articles of
               Incorporation  and  Bylaws  defining rights of holders of Futurus
               Financial  Services,  Inc.'s  common  stock

10.1           Lease  Agreement  by and between Futurus Financial Services, Inc.
               and Pioneer Real Estate Development, Inc. dated March 9, 2000 and
               entered  into  on  March  14,  2000  (permanent  facility)*

10.2           Lease  Agreement  by and between Futurus Financial Services, Inc.
               and  Daniel  B.  Cawart  d/b/a  Alpharetta Square Shopping Center
               dated  February  15,  2000  (temporary  facility)*

10.3           Promissory  Note  dated  August  23,  1999  executed  by  Futurus
               Financial  Services,  Inc.  and  accepted  by  The  Bankers Bank,
               Atlanta,  Georgia,  and  form  of  Commercial  Guaranty*

10.4           Form  of  Futurus  Financial  Services,  Inc. Organizers' Warrant
               Agreement*

10.5           Futurus  Financial Services, Inc. 2000 Stock Incentive Plan*

10.6           Project  Development  and  Construction Agreement dated September
               28,  1999  and  accepted  October  2, 1999 by and between Futurus
               Financial  Services,  Inc.  and  KDA  Financial,  Inc.*


                                      -8-
<PAGE>
10.7           Project  Agreement dated November 30, 1999 by and between Futurus
               Financial  Services,  Inc.  and  The  Compass  Group  d/b/a Stern
               Marketing  Group*

10.8           Amended  and Restated Employment Agreement dated as of August 20,
               2000 by and between Futurus Bank, N.A. (In Organization), Futurus
               Financial  Services,  Inc.  and  William  M.  Butler*

10.9           Form  of  Employment  Agreement by and between Futurus Bank, N.A.
               (In Organization), Futurus Financial Services, Inc. and R. Wesley
               Fuller*

10.10          Form  of  Employment  Agreement by and between Futurus Bank, N.A.
               (In  Organization),  Futurus Financial Services, Inc. and Suzanne
               T.  Phipps*

10.11          Promissory  Note  dated  February  11,  2000  executed by Futurus
               Financial  Services,  Inc.  and  accepted  by  The  Bankers Bank,
               Atlanta,  Georgia,  and  form  of  Commercial  Guaranty*

10.12          Letter  of  Agreement dated March 14, 2000 by and between Futurus
               Financial  Services,  Inc.  and  KDA  Financial,  Inc.*

10.13          Project  Agreement  dated  March  10, 2000 by and between Futurus
               Financial  Services,  Inc.  and  The  Compass  Group  d/b/a Stern
               Marketing  Group*

10.14          Promissory  Note dated June 5, 2000 executed by Futurus Financial
               Services,  Inc.  and  accepted  by  The  Bankers  Bank,  Atlanta,
               Georgia,  and  form  of  Commercial  Guaranty*

10.15          Form  of  Escrow  Agreement*

______________
     *  Registrant hereby incorporates by reference to the exhibits of identical
     index  number  filed  with,  and  made a part of, Registrant's Registration
     Statement  on  Form  SB-2,  as  amended  (File  No.  333-30144).


     (b)     Reports  on  form  8-K
             None.


                                      -9-
<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.




Date:  May 11, 2001           By:  /s/  William M. Butler
                                 -----------------------------------------------
                                 William  M.  Butler
                                 President, Chief Executive Officer and Director
                                 (Principal  Executive  Officer)




                              By:  /s/  R.  Wesley Fuller
                                 -----------------------------------------------
                                 R.  Wesley  Fuller
                                 Chief  Financial  Officer
                                 (Principal Financial  and  Accounting  Officer)


                                      -10-
<PAGE>