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,  2001
                                             ---------------------

[ ]   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, 2001:   904,167;  no  par  value.

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


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

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

                                       INDEX
                                       -----


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

          ITEM 1.  FINANCIAL STATEMENTS

             CONSOLIDATED BALANCE SHEET - MARCH 31, 2001. . . . . . . . . .      3

             CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
               (LOSS) - THREE MONTHS ENDED MARCH 30, 2001 AND 2000. . . . .      4

             CONSOLIDATED STATEMENTS OF CASH FLOWS - THREE
               MONTHS ENDED MARCH 31, 2001 AND 2000 . . . . . . . . . . . .      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, 2001
                                   (UNAUDITED)

                  ASSETS
                  ------

<S>                                                              <C>
Cash and due from banks                                          $ 1,777,962
Interest-bearing deposits in banks                                     9,369
Federal funds sold                                                 8,025,000
Securities available-for-sale, at fair value                       7,107,573

Loans                                                             33,323,644
Less allowance for loan losses                                       443,971
                                                                 ------------
          Loans, net                                              32,879,673
                                                                 ------------

Premises and equipment                                             2,084,386
Other assets                                                         414,954
                                                                 ------------

          TOTAL ASSETS                                           $52,298,917
                                                                 ============


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

DEPOSITS
    Noninterest-bearing                                          $ 3,328,092
    Interest-bearing                                              41,066,612
                                                                 ------------
          TOTAL DEPOSITS                                          44,394,704
Federal funds purchased                                              569,188
Other liabilities                                                    196,493
                                                                 ------------
          TOTAL LIABILITIES                                       45,160,385
                                                                 ------------

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;
       904,167 shares issued and outstanding                       9,321,401
    Accumulated deficit                                           (2,253,266)
    Accumulated other comprehensive income                            70,397
                                                                 ------------
          TOTAL STOCKHOLDERS' EQUITY                               7,138,532
                                                                 ------------

          TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY             $52,298,917
                                                                 ============
</TABLE>

SEE NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.


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

                      CONSOLIDATED STATEMENTS OF OPERATIONS
                         AND COMPREHENSIVE INCOME (LOSS)
                   THREE MONTHS ENDED MARCH 31, 2001 AND 2000
                                   (UNAUDITED)

                                                  THREE MONTHS ENDED
                                                       MARCH 31,
                                                  --------------------
                                                    2001       2000
                                                  --------  ----------
<S>                                               <C>       <C>
INTEREST INCOME
    Loans                                         $768,257  $ 406,140
    Taxable securities                             128,063     40,633
    Federal funds sold                              73,983     27,029
    Deposits in banks                                   79          -
                                                  --------  ----------
              TOTAL INTEREST INCOME                970,382    473,802
                                                  --------  ----------

INTEREST EXPENSE
    Deposits                                       523,953    210,775
    Other borrowings                                 5,976      6,422
                                                  --------  ----------
              TOTAL INTEREST EXPENSE               529,929    217,197
                                                  --------  ----------

              NET INTEREST INCOME                  440,453    256,605
PROVISION FOR LOAN LOSSES                           30,000     60,000
                                                  --------  ----------
              NET INTEREST INCOME AFTER
                PROVISION FOR LOAN LOSSES          410,453    196,605
                                                  --------  ----------

OTHER INCOME
    Service charges on deposit accounts             55,461     32,319
    Other operating income                          27,899      3,411
                                                  --------  ----------
              TOTAL OTHER INCOME                    83,360     35,730
                                                  --------  ----------

OTHER EXPENSES
    Salaries and employee benefits                 264,539    216,890
    Occupancy and equipment expenses                68,261     59,991
    Other operating expenses                       159,157    176,464
                                                  --------  ----------
              TOTAL OTHER EXPENSES                 491,957    453,345
                                                  --------  ----------

              INCOME (LOSS) BEFORE INCOME TAXES      1,856   (221,010)

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

              NET INCOME (LOSS)                      1,856   (221,010)
                                                  --------  ----------

OTHER COMPREHENSIVE INCOME (LOSS):
    Unrealized gains (losses) on securities
      available-for-sale arising during period      25,421     (3,246)
                                                  --------  ----------

              COMPREHENSIVE INCOME  (LOSS)        $ 27,277  $(224,256)
                                                  ========  ==========

BASIC AND DILUTED EARNINGS (LOSSES) PER SHARE     $      -  $   (0.25)
                                                  ========  ==========

WEIGHTED AVERAGE SHARES OUTSTANDING (BASIC
   AND DILUTED)                                    904,167    887,186
                                                  ========  ==========

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, 2001 AND 2000
                                          (UNAUDITED)


                                                                        2001          2000
                                                                    ------------  ------------
<S>                                                                 <C>           <C>
OPERATING ACTIVITIES
    Net income (loss)                                               $     1,856   $  (221,010)
    Adjustments to reconcile net income (loss)  to net cash
        provided by (used in) operating activities:
        Depreciation and amortization                                    28,288        38,954
        Provision for loan losses                                        30,000        60,000
        (Increase) decrease in other assets                              31,442       (78,031)
        Increase in other liabilities                                    24,198        27,577
                                                                    ------------  ------------
              Net cash provided by (used in) operating activities       115,784      (172,510)
                                                                    ------------  ------------
INVESTING ACTIVITIES
    Net increase in interest-bearing deposits in banks                   (5,517)            -
    Purchases of securities available-for-sale                       (2,273,475)   (1,000,000)
    Proceeds from maturities of securities available-for-sale         1,250,000             -
    Net (increase) decrease in federal funds sold                    (3,310,000)      415,000
    Net increase in loans                                            (1,336,290)   (3,525,007)
    Purchase of premises and equipment                                   (1,649)      (21,494)
                                                                    ------------  ------------
              Net cash used in investing activities                  (5,676,931)   (4,131,501)
                                                                    ------------  ------------
FINANCING ACTIVITIES
    Net increase in deposits                                          5,745,714     3,262,535
    Net increase (decrease) in federal funds purchased                  (94,118)      636,131
    Net proceeds from sale of common stock                                    -       353,243
                                                                    ------------  ------------
              Net cash provided by financing activities               5,651,596     4,251,909
                                                                    ------------  ------------
Net increase (decrease)  in cash and due from banks                      90,449       (52,102)

Cash and due from banks, beginning of period                          1,687,513     1,541,141
                                                                    ------------  ------------
Cash and due from banks, end of period                              $ 1,777,962   $ 1,489,039
                                                                    ============  ============
</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,  2001  are  not  necessarily  indicative  of  the results to be
             expected  for  the  full  year.


NOTE  2.     CURRENT  ACCOUNTING  DEVELOPMENTS

             In  June 1998, the Financial Accounting Standards Board issued SFAS
             No.  133,  "Accounting  for  Derivative  Instruments  and  Hedging
             Activities".  The  effective date of this statement was deferred by
             SFAS  No.  137  until  fiscal  years beginning after June 15, 2000.
             However, the statement permitted early adoption as of the beginning
             of  any fiscal quarter after its issuance. The Company adopted this
             statement  effective  January  1,  2001.  SFAS No. 133 requires the
             Company  to  recognize  all  derivatives  as  either  assets  or
             liabilities  in  the  balance  sheet at fair value. For derivatives
             that  are  not  designated  as  hedges,  the  gain  or loss must be
             recognized  in  earnings  in  the period of change. For derivatives
             that  are  designated  as  hedges, changes in the fair value of the
             hedged  assets, liabilities, or firm commitments must be recognized
             in  earnings  or recognized in other comprehensive income until the
             hedged  item  is recognized in earnings, depending on the nature of
             the hedge. The ineffective portion of a derivative's change in fair
             value  must  be recognized in earnings immediately. The adoption of
             SFAS  No. 133 had no material effect on the Company's operations or
             financial  position.

             There  are no other 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,  2001,  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 38%. As we grow, we will continue to
             monitor  liquidity  and  make  adjustments  as  deemed  necessary.

             At  March  31,  2001,  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:

                                     ACTUAL
                              ---------------------
                                                      REGULATORY
                                                       MINIMUM
                              CONSOLIDATED    BANK   REQUIREMENT
                              -------------  ------  -----------

  Leverage capital ratios            14.70%  14.69%        4.00%
  Risk-based capital ratios:
    Core capital                     18.71   18.70         4.00
    Total capital                    19.87   19.87         8.00


             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,
                             2001        2000
                         -----------  -----------
                          (DOLLARS IN THOUSANDS)
                         ------------------------
<S>                      <C>          <C>
Cash and due from banks  $     1,787  $     1,692
Cash and due from banks  $1,7871,787  $1,7871,787
Securities                     7,108        6,045
Federal funds sold             8,025        4,715
Loans, net                    32,880       31,573
Premises and equipment         2,084        2,125
Other assets                     415          446
                         -----------  -----------
                         $    52,299  $    46,596
                         ===========  ===========

Deposits                 $    44,395  $    38,649
Federal funds purchased          569          664
Other liabilities                197          172
Stockholders' equity           7,138        7,111
                         -----------  -----------
                         $    52,299  $    46,596
                         ===========  ===========
</TABLE>

Our total assets grew at a rate of 12% for the first quarter of 2001.  Continued
deposit  growth,  net  of  decreased  federal  funds  purchased  positions,  of
$5,651,000  was  invested in federal funds sold, loans and securities, with over
one-half  of  the  growth  being temporarily invested in federal funds sold.  We
purposefully  slowed  our  rate  of  loan growth in the first quarter of 2001 to
insure  that  we  continue to adequately service and monitor the loan portfolio.
Our current federal funds sold  and securities balances should provide the funds
for  higher  loan  growth  rates  in  the future.  Our loan to deposit ratio has
decreased  from  83%  at  December  31, 2000 to 75% at March 31, 2001. Our total
equity has increased by year-to-date income of $2,000 and by unrealized gains on
securities  available-for-sale  of  $25,000.


                                        9
<PAGE>
RESULTS  OF  OPERATIONS  FOR  THE  THREE  MONTHS  ENDED  MARCH 31, 2001 AND 2000

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

<TABLE>
<CAPTION>
                              THREE MONTHS ENDED
                                   MARCH  31,
                               2001         2000
                            ----------  -----------
                            (DOLLARS  IN  THOUSANDS)
                            ------------------------
<S>                         <C>         <C>
Interest income             $      970         474
Interest expense                   530         217
                            ----------  -----------
Net interest income                440         257
Provision for loan losses           30          60
Other income                        84          36
Other expense                      492         454
                            ----------  -----------
Net income (loss)           $        2        (221)
                            ==========  ===========
</TABLE>

Our  net interest income has increased by $183,000 for the first quarter of 2001
as  compared  to  the same period in 2000.  Our net interest margin decreased to
3.97%  during the first quarter of 2001 as compared to 4.61% for the same period
in  2000  and  4.63%  for the entire year of 2000.  The increase in net interest
income  is  due primarily to the increased volume of average loans. The decrease
in the net interest margin is due to the repricing of variable rate loans as the
prime  rate  has  dropped.  The  repricing  of  these  loans  at lower rates has
decreased  margins  because  not  all  of  our  interest-bearing deposits can be
repriced  as quickly.  As deposits mature and are repriced, we expect to see our
net  interest  margin  increase.

The provision for loan losses decreased by $30,000 for the first quarter of 2001
as  compared  to the same period in 2000.  We have continued to provide for loan
losses  due primarily to the loan growth and our assessment of the inherent risk
in  the  loan portfolio.  The allowance for loan losses as a percentage of total
loans  was 1.33% at March 31, 2001 and December 31, 2000. The allowance for loan
losses  is  maintained at a level that is deemed appropriate to adequately cover
all  known  and inherent risks in the loan portfolio. Our evaluation of the loan
portfolio includes a continuing review of loan loss experience, current economic
conditions  which  may affect the borrower's ability to repay and the underlying
collateral  value.


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

<TABLE>
<CAPTION>
                                                                          THREE  MONTHS  ENDED
                                                                                 MARCH  31,
                                                                             2001         2000
                                                                        ------------  ------------
                                                                         (DOLLARS  IN  THOUSANDS)
                                                                        --------------------------
<S>                                                                     <C>           <C>
Nonaccrual loans                                                        $         67  $          0
Loans contractually past due ninety days or more as to interest
  or principal payments and still accruing                                         0             0
Restructured loans                                                                 0             0
Loans, now current about which there are serious doubts as to the
  ability of the borrower to comply with loan repayment terms                      0            77
Interest income that would have been recorded on nonaccrual
  and restructured loans under original terms                                      2             0
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,
                                                                    2001       2000
                                                                   --------  --------
                                                                 (DOLLARS IN THOUSANDS)
                                                                 ----------------------
<S>                                                                <C>       <C>
Average amount of loans outstanding                                $32,565   $17,739
                                                                   ========  ========
Balance of allowance for loan losses at beginning of period        $   424   $   200
                                                                   --------  --------

Loans charged off
  Commercial and financial                                              10         0
  Real estate mortgage                                                   0         0
  Installment                                                            2         7
                                                                   --------  --------
                                                                        12         7
                                                                   --------  --------

Loans recovered
  Commercial and financial                                               0         0
  Real estate mortgage                                                   0         0
  Installment                                                            2         0
                                                                   --------  --------
                                                                         2         0
                                                                   --------  --------

Net charge-offs                                                         10         7
                                                                   --------  --------

Additions to allowance charged to operating expense during period       30        60
                                                                   --------  --------

Balance of allowance for loan losses at end of period              $   444   $   253
                                                                   ========  ========

Ratio of net loans charged off during the period to
  average loans outstanding                                            .03%      .04%
                                                                   ========  ========
</TABLE>

Other  income  has  increased  by  $48,000  during  the first quarter of 2001 as
compared  to  the same period in 2000 due primarily to increased service charges
on  deposit  accounts  of  $23,000  and  increased  mortgage origination fees of
$16,000.

Other  expenses  increased  during  the first quarter of 2001 as compared to the
same  period  in  2000  by  $38,000  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  AND  USE  OF  PROCEEDS

             (a)     not  applicable
             (b)     not  applicable
             (c)     not  applicable
             (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

                     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)


                                       13
<PAGE>
                     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)

                     13.1 North  Georgia Community  Financial Partners, Inc. and
                          Subsidiary Consolidated Financial Report, December 31,
                          2000.  (2)

                     21.1 Subsidiaries  of  North  Georgia  Community  Financial
                          Partners,  Inc.(1)

                     99.1 2001  Proxy  Statement  sent to  securities holders of
                          North  Georgia Community  Financial  Partners, Inc.(2)
                    __________________________
                    (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,
                         File  No.  333-34908,  filed  with the SEC on March 30,
                         2001.

               (b)  Reports  on  Form  8-K:     None


                                       14
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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  10,  2001          BY:  /s/  David  J.  Lance
       --------------              ---------------------------------------------
                                   David  J.  Lance,  President
                                   (Principal  Executive  Officer)


DATE:  May  10,  2001           BY:  /s/  Rhonda  C.  Massengill
       --------------              ---------------------------------------------
                                   Rhonda C. Massengill, Chief Financial Officer
                                   (Principal  Financial and Accounting Officer)


                                       15
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