U.S. 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, 2002
                                         -------------------

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

          For the transition period from            to
                                         ----------     ----------

                       COMMISSION FILE NUMBER:  333-34908

                   North Georgia Community Financial Partners, Inc.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

          Georgia                                         58-2585603
-------------------------------                       -------------------
(State or other jurisdiction of                         (IRS Employer
incorporation or organization)                        Identification No.)


                  350 W. BELMONT DRIVE, CALHOUN, GEORGIA 30701
             ------------------------------------------------------
                    (Address of principal executive offices)

                                 (706) 629-6499
                           -------------------------
                          (Issuer's telephone number)

                                      N/A
       --------------------------------------------------------------------
      (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  X    No
    ---      ---


State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  May  1,  2002:  912,167;  no  par  value.

Transitional Small Business Disclosure Format  Yes      No  X
                                                   ---     ---


<PAGE>
                NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC.

================================================================================

<TABLE>
<CAPTION>
                                      INDEX
                                      -----


                                                                    PAGE
                                                                    -----
<S>                                                                 <C>
PART I.   FINANCIAL INFORMATION

          ITEM 1.  FINANCIAL STATEMENTS

          CONSOLIDATED BALANCE SHEET - MARCH 31, 2002. . . . . . . . .      3

          CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
          (LOSS) - THREE MONTHS ENDED MARCH 31, 2002 AND 2001. . . . .      4

          CONSOLIDATED STATEMENTS OF CASH FLOWS - THREE
           MONTHS ENDED MARCH 31, 2002 AND 2001. . . . . . . . . . . .      5

          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS . . . . . . . . .      6

          ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                    FINANCIAL CONDITION AND RESULTS OF OPERATIONS  . .      7


PART II.  OTHER INFORMATION

          ITEM 1 - LEGAL PROCEEDINGS . . . . . . . . . . . . . . . . .     13

          ITEM 2 - CHANGE IN SECURITIES. . . . . . . . . . . . . . . .     13

          ITEM 3 - DEFAULTS UPON SENIOR SECURITIES . . . . . . . . . .     13

          ITEM 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS     13

          ITEM 5 - OTHER INFORMATION . . . . . . . . . . . . . . . . .     13

          ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K. . . . . . . . . .  13-14

          SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . .     15
</TABLE>


<PAGE>
<TABLE>
<CAPTION>
                         PART I - FINANCIAL INFORMATION
                              FINANCIAL STATEMENTS

                NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC.

                            CONSOLIDATED BALANCE SHEET
                                 MARCH 31, 2002
                                   (UNAUDITED)


                          ASSETS
                          ------
<S>                                                              <C>
Cash and due from banks                                          $ 1,536,293
Interest-bearing deposits in banks                                     3,431
Federal funds sold                                                 2,300,000
Securities available-for-sale, at fair value                      26,679,605
Restricted equity securities, at cost                                332,200

Loans                                                             43,517,563
Less allowance for loan losses                                       566,108
                                                                 ------------
          Loans, net                                              42,951,455
                                                                 ------------
Premises and equipment                                             1,995,387
Other assets                                                       1,662,261
                                                                 ------------
          TOTAL ASSETS                                           $77,460,632
                                                                 ============

            LIABILITIES AND STOCKHOLDERS' EQUITY
            ------------------------------------

DEPOSITS
    Noninterest-bearing                                          $ 4,598,760
    Interest-bearing                                              60,295,493
                                                                 ------------
          TOTAL DEPOSITS                                          64,894,253
Securities sold under repurchase agreements                        5,443,763
Other liabilities                                                    156,702
                                                                 ------------
          TOTAL LIABILITIES                                       70,494,718
                                                                 ------------

COMMITMENTS AND CONTINGENCIES

STOCKHOLDERS' EQUITY
    Preferred stock, no par value; 2,000,000 shares authorized;
       none issued or outstanding                                          -
    Common stock, no par value; 10,000,000 shares authorized;
       912,167 shares issued and outstanding                       9,417,401
    Accumulated deficit                                           (2,034,114)
    Accumulated other comprehensive loss                            (417,373)
                                                                 ------------
          TOTAL STOCKHOLDERS' EQUITY                               6,965,914
                                                                 ------------

          TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $77,460,632
                                                                 ============
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC.

                        CONSOLIDATED STATEMENTS OF INCOME
                         AND COMPREHENSIVE INCOME (LOSS)
                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   (UNAUDITED)


                                                   THREE MONTHS ENDED
                                                        MARCH 31,
                                                 ----------------------
                                                    2002        2001
                                                 -----------  ---------
<S>                                              <C>          <C>
INTEREST INCOME
    Loans                                        $  720,951   $735,688
    Taxable securities                              340,016    128,063
    Federal funds sold                                4,441     73,983
    Deposits in banks                                    60         79
                                                 -----------  ---------
              TOTAL INTEREST INCOME               1,065,468    937,813
                                                 -----------  ---------
INTEREST EXPENSE
    Deposits                                        416,794    523,953
    Other borrowings                                  8,619      5,976
                                                 -----------  ---------
              TOTAL INTEREST EXPENSE                425,413    529,929
                                                 -----------  ---------

              NET INTEREST INCOME                   640,055    407,884
PROVISION FOR LOAN LOSSES                            30,000     30,000
                                                 -----------  ---------
              NET INTEREST INCOME AFTER
                PROVISION FOR LOAN LOSSES           610,055    377,884
                                                 -----------  ---------

OTHER INCOME
    Service charges on deposit accounts              59,347     55,461
    Other operating income                           54,122     27,899
                                                 -----------  ---------
              TOTAL OTHER INCOME                    113,469     83,360
                                                 -----------  ---------

OTHER EXPENSES
    Salaries and employee benefits                  301,184    264,539
    Occupancy and equipment expenses                 81,465     68,261
    Capitalized loan origination costs              (45,043)   (32,569)
    Other operating expenses                        206,910    159,157
                                                 -----------  ---------
              TOTAL OTHER EXPENSES                  544,516    459,388
                                                 -----------  ---------

              INCOME BEFORE INCOME TAXES            179,008      1,856

INCOME TAX EXPENSE                                        -          -
                                                 -----------  ---------

              NET INCOME                            179,008      1,856
                                                 -----------  ---------

OTHER COMPREHENSIVE INCOME (LOSS):
    Unrealized gains (losses) on securities
      available-for-sale arising during period     (365,654)    25,421
                                                 -----------  ---------

              COMPREHENSIVE INCOME  (LOSS)       $ (186,646)  $ 27,277
                                                 ===========  =========
BASIC EARNINGS PER SHARE                         $     0.20   $      -
                                                 ===========  =========
DILUTED EARNINGS PER SHARE                       $     0.19   $      -
                                                 ===========  =========

CASH DIVIDENDS PER SHARE                         $        -   $      -
                                                 ===========  =========
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                        4
<PAGE>
<TABLE>
<CAPTION>
                     NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC.

                           CONSOLIDATED STATEMENTS OF CASH FLOWS
                        THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                       (UNAUDITED)


                                                                   2002          2001
                                                               ------------  ------------
<S>                                                            <C>           <C>
OPERATING ACTIVITIES
    Net income                                                 $   179,008   $     1,856
    Adjustments to reconcile net income to net cash
        provided by operating activities:
        Depreciation                                                51,801        28,288
        Provision for loan losses                                   30,000        30,000
        (Increase) decrease in other assets                       (122,571)       31,442
        Increase (decrease) in other liabilities                   (31,647)       24,198
                                                               ------------  ------------
              Net cash provided by operating activities            106,591       115,784
                                                               ------------  ------------
INVESTING ACTIVITIES
    Net increase in interest-bearing deposits in banks              (1,231)       (5,517)
    Purchases of securities available-for-sale                  (7,026,531)   (2,243,125)
    Proceeds from maturities of securities available-for-sale    5,208,171     1,250,000
    Purchases of restricted equity securities                      (41,500)      (30,350)
    Net increase in federal funds sold                          (2,300,000)   (3,310,000)
    Net increase in loans                                       (2,894,602)   (1,336,290)
    Purchase of premises and equipment                              (5,400)       (1,649)
                                                               ------------  ------------
              Net cash used in investing activities             (7,061,093)   (5,676,931)
                                                               ------------  ------------
FINANCING ACTIVITIES
    Net increase in deposits                                     1,647,966     5,745,714
    Net increase (decrease) in securities sold under
        repurchase agreements                                    5,287,841       (94,118)
    Proceeds from sale of common stock                              12,000             -
                                                               ------------  ------------
              Net cash provided by financing activities          6,947,807     5,651,596
                                                               ------------  ------------
Net increase (decrease)  in cash and due from banks                 (6,695)       90,449

Cash and due from banks, beginning of period                     1,542,988     1,687,513
                                                               ------------  ------------
Cash and due from banks, end of period                         $ 1,536,293   $ 1,777,962
                                                               ============  ============
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


                                        5
<PAGE>
                NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC.
                   NOTES TO CONSOLIDATED  FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE 1.   BASIS OF PRESENTATION

          The  financial  information  for  North  Georgia  Community  Financial
          Partners,  Inc. (the "Company") included herein is unaudited; however,
          such information reflects all adjustments (consisting solely of normal
          recurring  adjustments)  which  are,  in  the  opinion  of management,
          necessary  for  a  fair  statement  of results for the interim period.

          The  results  of operations for the three month period ended March 31,
          2002  are not necessarily indicative of the results to be expected for
          the  full  year.

NOTE 2.   CURRENT ACCOUNTING DEVELOPMENTS

          There  are  no  recent accounting pronouncements that have had, or are
          expected  to  have,  a  material  effect  on  the  Company's financial
          statements.


                                        6
<PAGE>
                NORTH GEORGIA COMMUNITY FINANCIAL PARTNERS, INC.


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

          The  following  is  management's  discussion  and  analysis of certain
          significant  factors  which  have  affected the financial position and
          operating  results of North Georgia Community Financial Partners, Inc.
          and  its  bank  subsidiary,  North  Georgia  National  Bank during the
          periods  included  in  the  accompanying  financial  statements.

          SPECIAL  CAUTIONARY  NOTICE  REGARDING  FORWARD  LOOKING
          STATEMENTS

          The  management's  discussion  and  analysis  which  follows  contains
          forward-looking  statements  in  addition  to  historical  information
          including,  but  not  limited  to,  statements  regarding management's
          beliefs,  current  expectations,  estimates  and projections about the
          financial  services  industry,  the  economy, and about the Company in
          general.  Such  forward-looking  statements  are  subject  to  certain
          factors  that  could  cause  actual  results to differ materially from
          historical  results  or  anticipated events, trends, or results. These
          factors  include,  but  are  not  limited  to:

          -    Increased  competition  with  other  financial  institutions,
          -    Lack  of  sustained  growth  in  the  economy  of  Gordon County,
          -    Rapid  fluctuations  in  interest  rates,
          -    The  inability  of  the  Company  to  maintain regulatory capital
               standards,  and
          -    Changes  in  the  legislative  and  regulatory  environment.

          The  purpose  of  the  following  discussion is to address information
          relating to our financial condition and results of operations that may
          not  be readily apparent from a review of the financial statements and
          notes  thereto,  which  are  included  in  the  Form  10-QSB.


                                        7
<PAGE>
          LIQUIDITY  AND  CAPITAL  RESOURCES

          As  of  March  31,  2002,  our  liquidity  ratio,  as determined under
          guidelines established by regulatory authorities, was satisfactory. We
          consider  our  liquidity  to  be  adequate  to meet operating and loan
          funding  requirements.  The  liquidity  ratio  (i.e.  cash, short-term
          assets,  and  marketable  assets  divided  by  deposits  and  other
          borrowings)  was  approximately  30%.  As we grow, we will continue to
          monitor  liquidity  and  make  adjustments  as  deemed  necessary.

          At  March  31,  2002,  our  capital  ratios  were  adequate  based  on
          regulatory  minimum  capital  requirements.  The  minimum  capital
          requirements  and  the  actual  capital  ratios  on a consolidated and
          bank-only  basis  are  as  follows:

<TABLE>
<CAPTION>
                                                   ACTUAL
                                          ---------------------
                                                                 REGULATORY
                                                                  MINIMUM
                                          CONSOLIDATED    BANK   REQUIREMENT
                                          -------------  ------  ------------
<S>                                       <C>            <C>     <C>
              Leverage capital ratios            10.31%  10.18%         4.00%
              Risk-based capital ratios:
                Core capital                     14.64   14.45          4.00
                Total capital                    15.76   15.57          8.00
</TABLE>


          These  ratios  may decline as asset growth continues, but are expected
          to  exceed  the  regulatory  requirements. Anticipated future earnings
          will  assist  in  keeping  these  ratios  at  satisfactory  levels.


                                        8
<PAGE>
FINANCIAL CONDITION

Following is a summary of our balance sheets for the periods indicated:

<TABLE>
<CAPTION>
                                                     MARCH 31,   DECEMBER 31,
                                                       2002          2001
                                                    -----------  -------------
                                                      (DOLLARS IN THOUSANDS)
                                                    --------------------------
<S>                                                 <C>          <C>
       Cash and due from banks                      $     1,540  $       1,545
       Securities                                        27,012         25,518
       Federal funds sold                                 2,300              0
       Loans, net                                        42,952         40,086
       Premises and equipment                             1,995          2,042
       Other assets                                       1,662          1,540
                                                    -----------  -------------
                                                    $    77,461  $      70,731
                                                    ===========  =============

       Deposits                                     $    64,894  $      63,246
       Securities sold under repurchase agreements        5,444            156
       Other liabilities                                    157            188
       Stockholders' equity                               6,966          7,141
                                                    -----------  -------------
                                                    $    77,461  $      70,731
                                                    ===========  =============
</TABLE>

Our total assets grew by 9.5% for the first quarter of 2002.  Deposit growth and
increased  amounts  borrowed  under repurchase agreements was invested in loans,
federal  funds  sold  and  securities, with approximately 43% of the increase in
available  funds  being  invested  in  loans.  Our  loan  to  deposit  ratio has
increased  to  67%  at  March  31, 2002 from 64% at December 31, 2001. Our total
equity  has  decreased by $175,000. Year-to-date income of $179,000 and proceeds
from the issuance of common stock of $12,000 were offset by increased unrealized
losses  on  securities  available-for-sale  of  $366,000.


                                        9
<PAGE>
RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001

Following is a summary of our operations for the periods indicated.

<TABLE>
<CAPTION>
                                         THREE MONTHS ENDED
                                               MARCH 31,

                                          2002         2001
                                      ------------  -----------
                                        (DOLLARS IN THOUSANDS)
                                      -------------------------
<S>                                   <C>           <C>
           Interest income            $      1,065  $       938
           Interest expense                    425          530
                                      ------------  -----------
           Net interest income                 640          408

           Provision for loan losses            30           30
           Other income                        113           84
           Other expense                       544          460
                                      ------------  -----------
           Net income                 $        179  $         2
                                      ============  ===========
</TABLE>


Our  net interest income has increased by $232,000 for the first quarter of 2002
as  compared  to  the same period in 2001.  Our net interest margin increased to
3.73%  in  the first quarter of 2002 as compared to 3.68% for the same period in
2001 and 3.14% for the entire year of 2001.  The increase in net interest income
is  due  primarily to the increased volume of average loans. The increase in the
net  interest  margin  is  due primarily to the repricing of our deposits as the
cost  of funds for the first quarter of 2002 decreased significantly to 2.74% in
the  first  quarter of 2002 as compared to 5.63% for the same period in 2001 and
4.72%  for  the  entire  year  of  2001.

The provision for loan losses remained the same for the first quarter of 2002 as
compared  to  the  same  period in 2001.  We provided $30,000 for loan losses in
each  period due primarily to the loan growth and our assessment of the inherent
risk in the loan portfolio.  Based upon our evaluation of the loan portfolio, we
believe  the  allowance  for  loan  losses  to  be  adequate to absorb losses on
existing  loans  that  may  become  uncollectible.  Our  methodology  used  in
determining  the  adequacy of the allowance for loan losses is based upon a risk
rating  system in which all loans are assigned a loan grade.  Each loan grade is
assigned  an  allowance  percentage  determined  based  upon  our  experience
specifically  and  the  historical experience of the banking industry generally.
Loan  classifications  are  then  subject  to periodic review by the responsible
lending  officer  and  by  senior management based upon their judgment, our loan
loss  experience,  current  economic  conditions  that may affect the borrower's
ability  to  repay,  lender requirements, the underlying collateral value of the
loans  and other appropriate information.  We rely predominantly on this ongoing
review of the loan portfolio to assess the risk characteristics of the portfolio
in  the  aggregate  and  to  determine adjustments, if any, to our allowance for
losses.  Based upon our ongoing review, we may identify impaired loans.  When we
identify a loan as being impaired, the allowance for loan losses is increased if
we  determine that the amount of impairment is in excess of the allowance amount
determined  under  our  loan grading system.  The allowance for loan losses as a
percentage  of  total  loans  was 1.30% at March 31, 2002 and December 31, 2001.


                                       10
<PAGE>
Information  with  respect  to nonaccrual, past due and restructured loans is as
follows:

<TABLE>
<CAPTION>
                                                                                MARCH 31,
                                                                        -------------------------
                                                                            2002         2001
                                                                        ------------  -----------
                                                                          (DOLLARS IN THOUSANDS)
                                                                        -------------------------
<S>                                                                     <C>           <C>
Nonaccrual loans                                                        $          1  $        67
Loans contractually past due ninety days or more as to interest
  or principal payments and still accruing                                         0            0
Restructured loans                                                                 0            0
Potential problem loans                                                           44            0
Interest income that would have been recorded on nonaccrual
  and restructured loans under original terms                                      0            2
Interest income that was recorded on nonaccrual and restructured loans             0            0
</TABLE>


It  is  our  policy  to  discontinue the accrual of interest income when, in the
opinion of management, collection of such interest becomes doubtful. This status
is  accorded  interest  when  (1)  there  is  a significant deterioration in the
financial condition of the borrower and full repayment of principal and interest
is  not expected and (2) the principal or interest is more than ninety days past
due,  unless  the  loan  is  both well-secured and in the process of collection.

Loans  classified  for  regulatory  purposes  as loss, doubtful, substandard, or
special  mention that have not been included in the table above do not represent
or  result from trends or uncertainties which management reasonably expects will
materially  impact  future  operating  results,  liquidity or capital resources.
These  classified loans do not represent material credits about which management
is aware of any information which causes management to have serious doubts as to
the  ability  of  such  borrowers  to  comply  with  the  loan  repayment terms.


                                       11
<PAGE>
Information  regarding  certain  loans  and  allowance  for loan loss data is as
follows:

<TABLE>
<CAPTION>
                                                                       THREE MONTHS ENDED
                                                                             MARCH 31,
                                                                    --------------------------
                                                                        2002          2001
                                                                    -------------  -----------
                                                                       (DOLLARS IN THOUSANDS)
                                                                    --------------------------
<S>                                                                 <C>            <C>
Average amount of loans outstanding                                 $     41,861   $   32,565
                                                                    =============  ===========
Balance of allowance for loan losses at beginning of period         $        527   $      424
                                                                    -------------  -----------
Loans charged off
  Commercial and financial                                                     0           10
  Real estate mortgage                                                         6            0
  Installment                                                                  0            2
                                                                    -------------  -----------
                                                                               6           12
                                                                    -------------  -----------
Loans recovered
  Commercial and financial                                                    15            0
  Real estate mortgage                                                         0            0
  Installment                                                                  0            2
                                                                    -------------  -----------
                                                                              15            2
                                                                    -------------  -----------
Net charge-offs (recoveries)                                                  (9)          10
                                                                    -------------  -----------
Additions to allowance charged to operating expense during period             30           30
                                                                    -------------  -----------
Balance of allowance for loan losses at end of period               $        566   $      444
                                                                    =============  ===========
Ratio of net loans charged off during the period to
  average loans outstanding                                                 (.02)%        .03%
                                                                    =============  ===========
</TABLE>



Other  income has increased by $29,000 in the first quarter of 2002 as compared
to the same period in 2001 due primarily to increased service charges on deposit
accounts of $4,000, increased mortgage origination fees of $11,000 and increased
income  recognized  on  bank  owned  life  insurance  policies  of  $14,000.

Other  expenses  increased  in the first quarter of 2002 as compared to the same
period  in  2001  by  $84,000 due to normal increased operating costs associated
with  our  growth.

We  have  recorded  no  income  tax  provisions  due to cumulative net operating
losses.

We  are  not  aware of any known trends, events or uncertainties, other than the
effect  of  events  as  described  above,  that will have or that are reasonably
likely  to  have  a  material  effect  on  our  liquidity,  capital resources or
operations.  We  are  also  not  aware  of  any  current  recommendations by the
regulatory  authorities  which,  if  they  were  implemented, would have such an
effect.


                                       12
<PAGE>
                           PART II - OTHER INFORMATION


ITEM 1.   LEGAL PROCEEDINGS

          There  are  no material pending legal proceedings to which the Company
          is  a  party  or  of  which  any  of  its  property  is  the  subject.

ITEM 2.   CHANGE IN SECURITIES

          (a)  not  applicable
          (b)  not  applicable
          (c)  During  the  first quarter of 2002, the Company sold 1,000 shares
               of  unregistered common stock, no par value, for $12.00 per share
               to  Franklin  G.  Fuller,  a  director  of  the  Company.  The
               registration  statement  and  prospectus  requirements  of  the
               Securities  Act  of 1933 do not apply to this transaction because
               it  did  not  involve  a  public  offering  and  is  exempt  from
               registration  under  Section  4(2)  of the Securities Act and the
               regulations  promulgated  thereunder.
          (d)  not  applicable

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

               Exhibit Number          Exhibit
               --------------          -------

               2.1             Agreement and Plan of Share Exchange(1)

               3.1             Articles of Incorporation(1)

               3.2             Bylaws(1)

               4.1             Instruments Defining the Rights of Security
                               Holders. See Articles of Incorporation at Exhibit
                               3.1 hereto and Bylaws at Exhibit 3.2 hereto.

               10.1            Reserved


                                       13
<PAGE>
               10.2*           Employment Agreement, dated as of September 22,
                               1999, between  North  Georgia  National  Bank and
                               David  J.  Lance.(2)

               10.3*           Addendum to Employment Agreement, dated November
                               16, 1999, between North Georgia National Bank and
                               David  J.  Lance.(2)

               10.4*           Stock Purchase Agreement, dated September 22,
                               1999,  between North Georgia National Bank and
                               David J. Lance.(2)

               10.5*           North Georgia Community Financial Partners, Inc.
                               2000 Stock Incentive Plan; form of Incentive
                               Stock Award;  form  of Non-Qualified Stock Option
                               Award. (2)

               10.6*           Executive Supplemental Retirement Agreement,
                               dated as  of  September  25,  2001 by and between
                               North Georgia  National  Bank and David J. Lance.
                               (3)

               --------------------------
               (1)  Incorporated  herein  by reference to exhibit of same number
                    in  the  Company's  Registration Statement on Form S-4, File
                    No.  333-34908,  declared  effective  by  the SEC on June 9,
                    2000.
               (2)  Incorporated  herein  by reference to exhibit of same number
                    in  the  Company's Annual Report on Form 10-KSB for the year
                    ended  December 31, 2001, File No. 333-34908, filed with the
                    SEC  on  March  30,  2001.
               (3)  Incorporated  here by reference to exhibit of same number in
                    the  Company's  Quarterly  Report  on  Form  10-QSB  for the
                    quarter  ended September 30, 2001, File No. 333-34908, filed
                    with  the  SEC  on  November  13,  2001.

          (b)  Reports  on  Form  8-K:  None

* Indicates a management contract or compensatory plan or arrangement.


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                                   SIGNATURES




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


(Registrant)                       NORTH GEORGIA COMMUNITY
                                   FINANCIAL PARTNERS, INC.



DATE:  May 14, 2002            BY: /s/ David J. Lance
       ------------                ---------------------------------------------
                                   David J. Lance, President
                                   (Principal Executive Officer)


DATE:  May 14, 2002            BY: /s/ Rhonda C. Massengill
       ------------                ---------------------------------------------
                                   Rhonda C. Massengill, Chief Financial Officer
                                   (Principal Financial and Accounting Officer)


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