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                                                                    Exhibit 10.3

                                 LINE OF CREDIT
                                PROMISSORY NOTE

Atlanta, Georgia
$150,000,000.00                                       May 11, 1999


          FOR VALUE RECEIVED, the undersigned promises to pay PREMIER BANK, up
to the aggregate principal sum of ONE HUNDRED FIFTY MILLION AND NO/100
($150,000,000.00) DOLLARS, with interest on the unpaid principal balance from
the date of this Note, until paid, at the rate specified  hereinafter.  The
principal and interest shall be payable at Premier Bank, 100 Atlanta Plaza, 950
East Paces Ferry Road, Atlanta, Georgia  30326, or such other place as the
holder hereof may designate in writing, until the entire indebtedness evidenced
hereby is fully paid, except that any remaining indebtedness, if not sooner
paid, shall be due and payable on May 11, 2000.

          It is intended that the holder may make advances of  funds to the
undersigned from time to time in order to fund the mortgage lending operations
of the undersigned and for general corporate purposes of the undersigned.

          The interest rate applicable with respect to each advance made
hereunder shall be the same interest rate as is applicable with respect to each
advance made from time to time to Premier Bank ("Bank Advance") under a
$150,000,000.00 Warehouse Line of Credit approved May 11, 1999 in connection
with that certain Agreement for Advances and Security Agreement With Blanket
Floating Lien by and between Premier Bank and the Federal Home Loan Bank of
Atlanta (the "Bank") dated as of March 5, 1997 (such agreement, including any
amendments thereto and any successor agreement that may be entered into by
Premier Bank and Bank in substitution therefor, hereinafter the "Advances
Agreement"), which interest rate may be a variable rate and which rate may
increase and decrease during the term of each Bank Advance pursuant to the terms
of the applicable variable rate program of the Bank.  The undersigned shall
repay to Premier Bank each advance made hereunder at such time and in such equal
amount as Premier Bank shall be obligated to repay to Bank for each Bank Advance
pursuant to the terms and conditions of the Advances Agreement and the terms and
conditions of the applicable "Application" or "Confirmation of Advance"
evidencing each such Bank Advance.  The undersigned shall repay to Premier Bank
accrued interest on each advance made hereunder at such time and in such equal
amount as Premier Bank shall be obligated to repay to the Bank for accrued
interest on each Bank Advance at the times specified by the Bank in writing,
with interest being charged for each day that a Bank Advance is outstanding at
the interest rate applicable to such Bank Advance. The undersigned shall repay
to Premier Bank any and all "per loan" fees, collateral fees and other fees or
charges ("Fees") incurred at such times and in such equal amounts as Premier
Bank shall be obligated to repay to the Bank for Fees incurred with respect to
each Bank Advance pursuant to the terms and conditions of the
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Advances Agreement and the terms and conditions of the applicable "Application"
or "Confirmation of Advance" evidencing each such Bank Advance.

          The indebtedness evidenced by this Note may be prepaid at any time and
from time to time before maturity, in whole or in part, without penalty.
Prepayments shall be applied against the outstanding principal balance of this
Note and  shall not extend or postpone the due date of any payments due
hereunder unless the holder hereof shall agree otherwise in writing.

          If any payment under this Note is not paid when due, the entire
principal amount outstanding hereunder and accrued interest thereon shall at
once become due and payable, at the option of the holder hereof.  The holder
hereof may exercise this option to accelerate during any default by the
undersigned regardless of any prior forbearance.  In the event of any default in
the payment of this Note, and if the same is referred to an attorney at law for
collection or any  action at law or in equity is brought with respect hereto,
the undersigned shall pay the holder hereof all expenses and costs, including,
but not limited to, reasonable attorney's fees.

          From time to time, without affecting the obligation of the undersigned
or the successors or assigns of the undersigned to pay the outstanding principal
balance of this Note and observe the covenants of the undersigned contained
herein, without giving notice to or obtaining the consent of the undersigned,
the successors or assigns of the undersigned, and without liability on the part
of the holder hereof, the holder hereof may, at the option of the holder hereof,
extend the time for payment of said outstanding principal balance or any part
thereof, reduce the payments thereon, release anyone liable on any of said
outstanding principal balance, accept a renewal of this Note, modify the terms
and time of payment of said outstanding principal balance, join in any extension
or subordination agreement, release any security given heretofore, take or
release  other or additional security, and agree in writing with the undersigned
to modify the rate of interest or term of this Note or change the amount of the
interest payments payable hereunder.  No one or more of such actions shall
constitute a novation.

          Presentment, notice of dishonor, and protest are hereby waived by all
makers, sureties, guarantors and endorsers hereof.

          This Note shall be governed by the law of the State of Georgia.

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          To the extent the indebtedness evidenced hereby is secured in any way
whatsoever, whether now or at any time in the future, by any property of the
undersigned, any lien, mortgage, security interest or other form of encumbrance
whatsoever that the holder may have to secure the indebtedness evidenced hereby
is and shall at all times be junior and subordinate to any lien, mortgage,
security interest or other form of encumbrance which secures that certain
Multiple Disbursement Revolving Note from Premier Bancshares, Inc. and the
undersigned to SunTrust Bank, Atlanta in the amount of $30,000,000.00, dated
February 2, 1999 (such note, including any amendments thereto and any successor
note that may be entered into by the undersigned in favor of SunTrust Bank,
Atlanta, the "SunTrust Indebtedness"), whether or not such lien, mortgage,
security interest or other form of encumbrance securing the SunTrust
Indebtedness is now in existence or arises at any time in the future.

          WITNESS the hand and corporate seal of the undersigned.


                              PREMIER LENDING CORPORATION


                              By:
                                 -----------------------------------
                                    George S. Phelps, President

                                    [CORPORATE SEAL]

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