Exhibit 10.13
                                 LIFE INSURANCE

                      ENDORSEMENT METHOD SPLIT DOLLAR PLAN

                                    AGREEMENT


Insurer:

Policy  Number:

Bank:                                    Cherokee  Bank

Insured:

Relationship  of  Insured  to  Bank:     Director


The  respective  rights  and  duties  of  the  Bank  and  the  Insured  in  the
above-referenced  policy  shall  be  pursuant  to  the  terms  set  forth below:


I.    DEFINITIONS

      Refer  to  the  policy  contract  for  the definition of any terms in this
      Agreement  that are not defined herein. If the definition of a term in the
      policy  is  inconsistent  with the definition of a term in this Agreement,
      then  the  definition  of  the  term  as set forth in this Agreement shall
      supersede  and  replace  the  definition  of the terms as set forth in the
      policy.

II.   POLICY  TITLE  AND  OWNERSHIP

      Title  and  ownership shall reside in the Bank for its use and for the use
      of  the Insured all in accordance with this Agreement. The Bank alone may,
      to the extent of its interest, exercise the right to borrow or withdraw on
      the  policy cash values. Where the Bank and the Insured (or assignee, with
      the  consent  of  the  Insured)  mutually  agree  to exercise the right to
      increase the coverage under the subject Split Dollar policy, then, in such
      event,  the  rights,  duties and benefits of the parties to such increased
      coverage  shall  continue  to  be  subject to the terms of this Agreement.


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III.  BENEFICIARY  DESIGNATION  RIGHTS

      The  Insured  (or  assignee) shall have the right and power to designate a
      beneficiary  or  beneficiaries  to  receive  the  Insured's  share  of the
      proceeds  payable upon the death of the Insured, and to elect and change a
      payment  option for such beneficiary, subject to any right or interest the
      Bank  may  have  in  such  proceeds,  as  provided  in  this  Agreement.

IV.   PREMIUM  PAYMENT  METHOD

      Subject  to  the  following,  the  Bank  shall  pay an amount equal to the
      planned  premiums  and  any  other  premium  payments  that  might  become
      necessary  to  keep  the  policy  in  force.  The  Bank shall exercise due
      diligence  in  reviewing  the financial stability of the insurance company
      and  the  policy  that  are  the  subject  of  this Agreement. If the Bank
      believes that the Insurer under the policy is financially weak or that the
      policy  is  not  performing well, the Bank may, at any time, surrender the
      policy or substitute a different policy provided that the Bank is under no
      obligation to invest in such replacement policy any more than the proceeds
      available  from  the  cash  surrender  value  of  the original policy. The
      Executive will cooperate by undertaking any necessary medical examination.
      If  the  Bank  chooses  to  surrender  the above-referenced policy without
      replacing it or the policy otherwise ceases to exist prior to the death of
      the  Insured,  the Bank agrees to pay the Insured's named beneficiary(ies)
      ______________________  and  00/100ths Dollars ($___________________) as a
      death  benefit  under  Paragraph  VI  of  this  Agreement.

V.    TAXABLE BENEFIT

      Annually  the  Insured will receive a taxable benefit equal to the assumed
      cost  of  insurance  as required by the Internal Revenue Service. The Bank
      (or  its  administrator)  will report to the Insured the amount of imputed
      income  each  year  on  Form  W-2  or  its  equivalent.

VI.   DIVISION  OF  DEATH  PROCEEDS

      Subject  to  Paragraphs  VII  and  IX  herein,  the  division of the death
      proceeds  of  the  policy  is  as  follows:

      A.    Should  the  Insured be serving on the Board of the Bank at the time
            of  death  or  be  terminated  due  to  disability*,  the  Insured's
            beneficiary(ies), designated in accordance with Paragraph III, shall
            be  entitled to an amount equal to one hundred percent (100%) of the
            net-at-risk  insurance  portion  of  the  proceeds.  The net-at-risk
            insurance  portion  is the total proceeds less the cash value of the
            policy.


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      B.    Should  the  Insured  not be serving on the Board of the Bank at the
            time  of  his  or  her  death for reasons other than disability, the
            Insured's  beneficiary(ies), designated in accordance with Paragraph
            III, shall be entitled to the percentage as set forth hereinbelow of
            the proceeds described in Subparagraph VI (A) above that corresponds
            to  the  number  of  full years the Insured has been employed by the
            Bank  since  the  date  of  first  service on the Board of the Bank:

                  Total Years
                  of Service with
                  the  Bank                Vested  (to  a  maximum  of  100%)
                  ----------               ----------------------------------
                  0-3  or  less            0%

                  3  or  more              100%

            *Disability  shall  be  as  defined  in  the  Director  Supplemental
            Retirement  Agreement  in  effect  at  the  time of said disability.

      C.    The  Bank  shall  be  entitled  to  the  remainder of such proceeds.

      D.    The  Bank and the Insured (or assignees) shall share in any interest
            due  on  the  death proceeds on a pro rata basis as the proceeds due
            each  respectively  bears  to the total proceeds, excluding any such
            interest.

VII.  DIVISION  OF  THE  CASH  SURRENDER  VALUE  OF  THE  POLICY

      The Bank shall at all times be entitled to an amount equal to the policy's
      cash  value,  as  that  term  is  defined in the policy contract, less any
      policy  loans  and unpaid interest or cash withdrawals previously incurred
      by the Bank and any applicable surrender charges. Such cash value shall be
      determined  as  of  the  date  of  surrender  or death as the case may be.

VIII. RIGHTS  OF  PARTIES  WHERE POLICY ENDOWMENT OR ANNUITY ELECTION EXISTS

      In  the  event  the  policy  involves an endowment or annuity element, the
      Bank's  right  and interest in any endowment proceeds or annuity benefits,
      on  expiration  of  the  deferment  period,  shall be determined under the
      provisions  of  this Agreement by regarding such endowment proceeds or the
      commuted  value  of such annuity benefits as the policy's cash value. Such
      endowment  proceeds  or  annuity  benefits  shall be considered to be like
      death  proceeds  for  the  purposes  of  division  under  this  Agreement.


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IX.   TERMINATION  OF  AGREEMENT

      This  Agreement  shall  terminate  upon  the  occurrence of any one of the
      following:

      A.    The  Insured  shall  leave  the  service  of  the  Board of the Bank
            (voluntarily  or involuntarily except for disability) prior to three
            (3)  full  years  of  service  with  the Bank from the date of first
            service  on  the  Board  of  the  Bank.

      B.    The  Insured  shall  be  discharged  from  service with the Bank for
            cause.  The  term  "for  cause" shall mean any of the following that
            result  in  an  adverse  effect on the Bank: (i) gross negligence or
            gross  neglect; (ii) the commission of a felony or gross misdemeanor
            involving  moral  turpitude, fraud, or dishonesty; (iii) the willful
            violation  of  any  law,  rule,  or regulation (other than a traffic
            violation  or  similar  offense);  (iv)  an  intentional  failure to
            perform  stated  duties; or (v) a breach of fiduciary duty involving
            personal  profit;  or

      C.    Surrender,  lapse,  or  other termination of the Policy by the Bank,
            and  subject  to  payment  under  Paragraph  IV  herein.

      Upon such termination, the Insured (or assignee) shall have a fifteen (15)
      day  option  to receive from the Bank an absolute assignment of the policy
      in  consideration  of a cash payment to the Bank, whereupon this Agreement
      shall  terminate.  Such  cash payment referred to hereinabove shall be the
      greater  of:

      A.    The Bank's share of the cash value of the policy on the date of such
            assignment,  as  defined  in  this  Agreement;  or

      B.    The amount of the premiums which have been paid by the Bank prior to
            the  date  of  such  assignment.

      If,  within  said  fifteen  (15) day period, the Insured fails to exercise
      said  option,  fails  to  procure  the entire aforestated cash payment, or
      dies, then the option shall terminate and the Insured (or assignee) agrees
      that  all of the Insured's rights, interest and claims in the policy shall
      terminate  as  of  the  date  of  the  termination  of  this  Agreement.

      The  Insured  expressly  agrees  that  this  Agreement  shall  constitute
      sufficient  written  notice  to  the  Insured  of  the Insured's option to
      receive  an  absolute  assignment  of  the  policy  as  set  forth herein.

      Except as provided above, this Agreement shall terminate upon distribution
      of  the  death  benefit  proceeds  in  accordance with Paragraph VI above.


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X.    INSURED'S  OR  ASSIGNEE'S  ASSIGNMENT  RIGHTS

      The  Insured  may  not, without the written consent of the Bank, assign to
      any  individual, trust or other organization, any right, title or interest
      in  the  subject  policy  nor  any  rights,  options, privileges or duties
      created  under  this  Agreement.

XI.   AGREEMENT  BINDING  UPON  THE  PARTIES

      This  Agreement  shall  bind  the  Insured  and  the  Bank,  their  heirs,
      successors,  personal  representatives  and  assigns.

XII.  ERISA  PROVISIONS

      The  following  provisions  are part of this Agreement and are intended to
      meet  the  requirements  of the Employee Retirement Income Security Act of
      1974  ("ERISA"):

A.    Named  Fiduciary  and  Plan  Administrator.
      -------------------------------------------

      The  "Named  Fiduciary  and Plan Administrator" of this Endorsement Method
      Split  Dollar  Agreement  shall be Cherokee Bank, until its resignation or
      removal  by  the  Board  of  Directors.  As  Named  Fiduciary  and  Plan
      Administrator,  the Bank shall be responsible for the management, control,
      and  administration  of  this Split Dollar Plan as established herein. The
      Named  Fiduciary  may delegate to others certain aspects of the management
      and  operation  responsibilities  of the Plan, including the employment of
      advisors  and  the  delegation  of  any  ministerial  duties  to qualified
      individuals.

B.    Funding  Policy.
      ---------------

      The  funding  policy  for  this Split Dollar Plan shall be to maintain the
      subject  policy  in  force  by  paying,  when  due, all premiums required.

C.    Basis  of  Payment  of  Benefits.
      --------------------------------

      Direct  payment  by  the Insurer is the basis of payment of benefits under
      this  Agreement, with those benefits in turn being based on the payment of
      premiums  as  provided  in  this  Agreement.

D.    Claim  Procedures.
      -----------------

      Claim  forms or claim information as to the subject policy can be obtained
      by contacting Benmark, Inc. (800-544-6079). When the Named Fiduciary has a
      claim which may be covered under the provisions described in the insurance


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<PAGE>
      policy,  they  should contact the office named above, and they will either
      complete  a  claim  form and forward it to an authorized representative of
      the  Insurer  or  advise the Named Fiduciary what further requirements are
      necessary. The Insurer will evaluate and make a decision as to payment. If
      the  claim  is  payable, a benefit check will be issued in accordance with
      the  terms  of  this  Agreement.

      In  the  event  that a claim is not eligible under the policy, the Insurer
      will notify the Named Fiduciary of the denial pursuant to the requirements
      under the terms of the policy. If the Named Fiduciary is dissatisfied with
      the  denial  of  the  claim  and wishes to contest such claim denial, they
      should  contact  the  office named above and they will assist in making an
      inquiry  to the Insurer. All objections to the Insurer's actions should be
      in  writing and submitted to the office named above for transmittal to the
      Insurer.

XIII.     GENDER

      Whenever  in  this  Agreement  words  are  used in the masculine or neuter
      gender,  they shall be read and construed as in the masculine, feminine or
      neuter  gender,  whenever  they  should  so  apply.

XIV.     INSURANCE  COMPANY  NOT  A  PARTY  TO  THIS  AGREEMENT

      The  Insurer  shall  not  be  deemed  a  party to this Agreement, but will
      respect  the  rights  of the parties as herein developed upon receiving an
      executed  copy  of  this  Agreement.  Payment  or  other  performance  in
      accordance  with  the  policy provisions shall fully discharge the Insurer
      from  any  and  all  liability.

XV.     CHANGE  OF  CONTROL

      Change  of  Control  shall be deemed to be the cumulative transfer of more
      than  fifty percent (50%) of the voting stock of the Bank from the date of
      this  Agreement.  For  purposes of this Agreement, transfers on account of
      death  or  gifts,  transfers  between  family  members,  or transfers to a
      qualified  retirement  plan maintained by the Bank shall not be considered
      in  determining  whether there has been a Change of Control. Upon a Change
      of  Control,  if  the Insured's service is subsequently terminated, except
      for  cause, then the Insured shall be one hundred percent (100%) vested in
      the  benefits promised in this Agreement and, therefore, upon the death of
      the Insured, the Insured's beneficiary(ies) (designated in accordance with
      Paragraph  III)  shall receive the death benefit provided herein as if the
      Insured  had  died  while  employed by the Bank (See Subparagraph VI [A]).


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XVI.  AMENDMENT  OR  REVOCATION

      It  is  agreed by and between the parties hereto that, during the lifetime
      of  the  Insured,  this Agreement may be amended or revoked at any time or
      times,  in  whole or in part, by the mutual written consent of the Insured
      and  the  Bank.

XVII. EFFECTIVE  DATE

      The  Effective  Date  of  this  Agreement  shall be _____________, ______.

XVIII. SEVERABILITY  AND  INTERPRETATION

      If  a  provision of this Agreement is held to be invalid or unenforceable,
      the  remaining  provisions  shall  nonetheless be enforceable according to
      their  terms.  Further, in the event that any provision is held to be over
      broad  as  written,  such  provision shall be deemed amended to narrow its
      application  to  the  extent  necessary  to make the provision enforceable
      according  to  law  and  enforced  as  amended.

XIX.  APPLICABLE  LAW

      The validity and interpretation of this Agreement shall be governed by the
      laws  of  the  State  of  Georgia.

      Executed  at  Canton,  Georgia,  this  ________day  of  ___________, 2002.


                              CHEROKEE  BANK
                              Canton,  Georgia


____________________________  By:  ____________________________
Witness                                                  Title



____________________________       ____________________________
Witness                            Insured


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                          BENEFICIARY DESIGNATION FORM
                    FOR THE LIFE INSURANCE ENDORSEMENT METHOD
                           SPLIT DOLLAR PLAN AGREEMENT

I.    PRIMARY  DESIGNATION
      --------------------
      (You  may  refer  to  the  beneficiary  designation  information  prior to
      completion.)

      A.    PERSON(S) AS A PRIMARY DESIGNATION:
            ---------------------------------------
            (Please  indicate  the  percentage  for  each  beneficiary.)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      B.    ESTATE AS A PRIMARY DESIGNATION:
            --------------------------------

      My Primary Beneficiary is The Estate of___________________________________
      as  set  forth  in  the  last  will  and  testament dated the _____ day of
      _____________,  _______  and  any  codicils  thereto.

      C.    TRUST AS A PRIMARY DESIGNATION:
            -----------------------------------

      Name  of  the  Trust:  __________________________________________________

      Execution  Date  of  the  Trust:  _____  /  _____  /  _________

      Name  of  the  Trustee:  ________________________________________________

      Beneficiary(ies)  of  the  Trust  (please indicate the percentage for each
      beneficiary):
      _________________________________________________________________________
      _________________________________________________________________________
      Is  this an Irrevocable Life Insurance Trust? ________ Yes ________ No (If
      yes and this designation is for a Split Dollar agreement, an Assignment of
      Rights  form  should  be  completed.)


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II.   SECONDARY  (CONTINGENT)  DESIGNATION
        ------------------------------------

      A.    PERSON(S) AS A PRIMARY DESIGNATION:
            ---------------------------------------
            (Please  indicate  the  percentage  for  each  beneficiary.)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      Name___________________________ Relationship___________________/_______%

      Address:________________________________________________________________
                  (Street)                   (City)          (State)    (Zip)

      B.    ESTATE AS A PRIMARY DESIGNATION:
            --------------------------------

      My Primary Beneficiary is The Estate of___________________________________
      as  set  forth  in  the  last  will  and  testament dated the _____ day of
      _____________,  _______  and  any  codicils  thereto.

      C.    TRUST AS A PRIMARY DESIGNATION:
            -----------------------------------

      Name  of  the  Trust:  __________________________________________________

      Execution  Date  of  the  Trust:  _____  /  _____  /  _________

      Name  of  the  Trustee:  ________________________________________________

      Beneficiary(ies)  of  the  Trust  (please indicate the percentage for each
      beneficiary):
      _________________________________________________________________________
      _________________________________________________________________________

All  sums  payable under the Life Insurance Endorsement Method Split Dollar Plan
Agreement  by  reason of my death shall be paid to the Primary Beneficiary(ies),
if  he  or she survives me, and if no Primary Beneficiary(ies) shall survive me,
then  to  the  Secondary  (Contingent)  Beneficiary(ies).  This  beneficiary
designation  is  valid  until  the  participant  notifies  the  bank in writing.


______________________________________        __________________________________
Participant                                   Date


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