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                                                                      EXHIBIT 14

                         NEWNAN COWETA BANCSHARES, INC.

                                 CODE OF ETHICS
                                       FOR
              CHIEF EXECUTIVE OFFICER AND SENIOR FINANCIAL OFFICERS

         The Company has a Code of Conduct applicable to all officers and
certain other designated employees of the Company. The Chief Executive Officer
and all senior financial officers, including the Chief Financial Officer,
Corporate Controller and senior accounting personnel identified by the Chief
Financial Officer (the "senior financial officers") are bound by the provisions
set forth in the Code of Conduct relating to ethical conduct, conflicts of
interest and compliance with law. In addition to the Code of Conduct, the Chief
Executive Officer and senior financial officers are subject to the following
additional specific policies:

         1.       The Chief Executive Officer and all senior financial officers
                  are responsible for full, fair, accurate, timely and
                  understandable disclosure in the periodic reports required to
                  be filed by the Company with the SEC. Accordingly, it is the
                  responsibility of the Chief Executive Officer and each senior
                  financial officer to promptly bring to the attention of the
                  Chief Financial Officer and the Chairman of the Audit
                  Committee any material information of which he or she may
                  become aware that affects the disclosures made by the Company
                  in its public filings or otherwise assist the Chief Financial
                  Officer and the Chairman of the Audit Committee in assuring
                  that the Company fulfills its responsibilities in preparation
                  of such disclosures.
         2.       The Chief Executive Officer and each senior financial officer
                  shall promptly bring to the attention of the Chief Financial
                  Officer and the Chairman of the Audit Committee any
                  information he or she may have concerning (a) significant
                  deficiencies in the design or operation of internal controls
                  which could adversely affect the Company's ability to record,
                  process, summarize and report financial data or (b) any fraud,
                  whether or not material, that involves management or other
                  employees who have a significant role in the Company's
                  financial reporting, disclosures or internal controls.
         3.       The Chief Executive Officer and each senior financial officer
                  shall promptly bring to the attention of the Chief Financial
                  Officer or the Chairman of the Audit Committee any information
                  he or she may have concerning any violation of the Company's
                  Code of Conduct, including any actual or apparent conflicts of
                  interest between personal and professional relationships,
                  involving any management or other employees who have a
                  significant role in the Company's financial reporting,
                  disclosures or internal controls.
         4.       The Chief Executive Officer and each senior financial officer
                  shall promptly bring to the attention of the Chief Financial
                  Officer or the Chairman of the Audit Committee any information
                  he or she may have concerning evidence of a material violation
                  of the securities laws or other laws, rules or regulations
                  applicable to the Company and the operation of its business,
                  by the Company or any agent thereof, or of violation of the
                  Code of Conduct or of these additional policies.
         5.       The Board of Directors shall determine, or designate
                  appropriate persons to determine, appropriate actions to be
                  taken in the event of violations of the Code of Conduct or of
                  these additional policies by the Chief Executive Officer and
                  the Company's senior financial officers. Such action shall be
                  reasonably designed to deter wrongdoing and to promote
                  accountability for adherence to the Code of Conduct and to
                  these additional procedures, and shall include written notices
                  to the individual involved that the Board has determined that
                  there has been a violation, censure by the Board, demotion or
                  re-assignment of the individual involved, suspension with or
                  without pay or benefits (as determined by the Board) and
                  termination of the individual's employment. In determining
                  what action is appropriate in a particular case, the Board of
                  Directors


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                  or such designee shall take into account all relevant
                  information, including the nature and severity of the
                  violation, whether the violation was a single occurrence or
                  repeated occurrences, whether the violation appears to have
                  been intentional or inadvertent, whether the individual in
                  question had been advised prior to the violation as to the
                  proper course of action, and whether or not the individual in
                  question had committed other violations in the past.