Document:

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                                                                    EXHIBIT 10.1

                        MOUNTAIN VALLEY BANCSHARES, INC.

                             2005 STOCK OPTION PLAN

1.    DEFINITIONS

      a.    "Company" - MOUNTAIN VALLEY BANCSHARES, INC.

      b.    "Code" - Internal Revenue Code of 1986, as amended.

      c.    "Committee" - the Compensation Committee of the Board.

      d.    "Common Stock" - common voting stock of the Company.

      e.    "Board" - voting members of the Board of Directors of the Company.

      f.    "Incentive Stock Option or ISO" - an option granted under the Plan
            which constitutes an "incentive stock option" within the meaning of
            Section 422 of the Code.

      g.    "Non-Qualified Stock Option or NQSO" - an option granted under the
            Plan which does not qualify as an ISO.

      h.    "Option" - right to purchase shares of Common Stock which may either
            be an ISO or a NQSO.

      i.    "Option Agreement" - formal agreement for each grant with specific
            terms and conditions not inconsistent with this Plan.

      j.    "Optionee"- an eligible person under Section 5 below who has been
            granted options under this Plan.

      k.    "Plan"- Mountain Valley Bancshares, Inc. 2005 Stock Option Plan.

      l.    "Subsidiary" - a subsidiary of the Company as defined in Section
            424(f) of the Code.

2.    PURPOSE

      The purposes of the Plan are: (i) to assist the Company and its
      Subsidiaries in securing and retaining key employees of outstanding
      ability by making it possible to offer them an increased incentive to join
      or continue in the service of the Company and its Subsidiaries; and (ii)
      to increase the key employees' efforts for the Company's and its
      Subsidiaries' welfare by participating in the ownership and growth of the
      Company and its Subsidiaries. The Options granted under the Plan may
      either be Incentive Stock Options or Non-Qualified Stock Options as
      specified in the Option Agreement. Any Option that fails to qualify as an
      ISO shall be a NQSO.

3.    SHARES SUBJECT TO THE PLAN

      Subject to adjustments pursuant to the provisions of Section 14, there
      shall be authorized and reserved for issuance upon the exercise of Options
      to be granted under the Plan, Eighty Thousand Five Hundred Seventy
      Thousand (80,570) shares of Common Stock.

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4.    ADMINISTRATION

      The Committee, whose members shall not be participants in the Plan, will
      have complete authority to interpret the Plan, make grants, and determine
      terms and conditions within the context of the Plan.

5.    ELIGIBILITY

      The following persons are eligible to receive Options under the Plan:
      Full-time key employees of the Company or its Subsidiaries who are
      selected by the Committee from time to time and who, in the opinion of the
      Committee, have contributed in the past or who may be expected to
      contribute materially in the future to the successful performance of the
      Company or its Subsidiaries.

6.    GRANTING OF OPTIONS; OPTION EXERCISE PRICE

      The Board, upon recommendation of the Committee, may grant Options to
      full-time key employees of the Company or its Subsidiaries as desirable.
      Any Option granted hereunder shall have a per share option exercise price
      at least equal to the fair market value of a share of the Common Stock on
      the date of the grant, except as stated in paragraph 10 below. The Option
      exercise price shall be subject to adjustments in accordance with the
      provisions of Section 14 herein.

7.    TERM OF OPTION

      Subject to the provisions of Section 9 herein, the period during which
      each Option may be exercised shall be fixed by the Committee at the time
      such Option is granted, but such period shall expire not later than ten
      years from the date the Option is granted.

8.    MANNER OF EXERCISE

      The Options shall be exercised by written notice, delivered to the
      Secretary of the Company and signed by the Optionee or his or her
      successors stating the number of shares with respect to which the Option
      is being exercised. Payment in full of the Option price of the said shares
      must be made at the time of exercise, and payment may be made in
      immediately available funds or shares of the Common Stock previously held
      by the Optionee or a combination. Payment in shares may be made with
      shares received upon the exercise or partial exercise of an Option,
      whether or not involving a series of exercises or partial exercises and
      whether or not share certificates for such shares surrendered have been
      delivered to the Optionee. Shares surrendered in payment of the Option
      price shall be valued at the fair market value as of the date of the
      exercise.

9.    TERMINATION OF OPTIONS

      All unexercised Options will terminate upon the lapse by their terms and,
      in the case of ISO's, if earlier, ninety (90) days after the termination
      of the Optionee's employment

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      with the Company. During such 90-day period, all unexercised Options may
      be exercised by the Optionee or his legal representative in the event of
      death or mental disability.

10.   LIMITATIONS RELATING TO INCENTIVE STOCK OPTIONS

      The following limitations apply to Incentive Stock Options:

      (a)   ISO's shall not be granted to any individual pursuant to this Plan,
            the effect of which would be to permit such person to first exercise
            ISO's, in any calendar year, for the purchase of shares having a
            fair market value in excess of $100,000 (determined at the time of
            the grant of the Options). Optionee may exercise ISO's for the
            purchase of shares valued in excess of $100,000 (determined at the
            time of grant of the Options) in a calendar year, but only if the
            right to exercise such ISO's shall have first become available in
            prior calendar years.

      (b)   No ISO shall be granted to an individual who, at the time the ISO is
            granted, owns more than ten percent (10%) of the combined voting
            power of all classes of stock of the Company then outstanding
            unless, at the time the ISO is granted, the option price is at least
            one hundred ten percent (110%) of the fair market value of the
            Common Stock subject to the ISO and the ISO, by its terms, is not
            exercisable after the expiration of five (5) years from the date of
            grant.

11.   NONTRANSFERABILITY OF OPTIONS; RESTRICTIONS ON ISSUANCE OF COMMON STOCK

      Options granted under this Plan are nontransferable except by will or by
      the laws of descent and distribution. No shares shall be delivered
      pursuant to any exercise of an Option until the requirements of such laws
      and regulations, as may be deemed by the Board to be applicable to them,
      are satisfied and until payment in full as described in Section 8 of the
      Option price is received by the Company.

12.   RIGHTS OF OPTIONEE

      An Optionee will have no rights as a shareholder until a stock certificate
      for the Common Stock is issued. Nothing in the Plan, in any Option
      Agreement or resulting stock ownership, will give to an Optionee any right
      to continuation of employment.

13.   OTHER TERMS AND CONDITIONS

      The Options granted under this Plan shall vest in equal installments over
      a period of no less than three years. Any Option granted hereunder shall
      contain additional terms which are not inconsistent with the terms of this
      Plan, as the Board or the Committee deems necessary or desirable.

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14.   CAPITAL ADJUSTMENTS AFFECTING STOCK

      In the event of a capital adjustment resulting from a stock dividend,
      stock split, reorganization, merger, consolidation, or a combination or
      exchange of shares, the number of shares of stock subject to this Plan and
      the number of shares under any Option granted hereunder shall be adjusted
      consistent with such capital adjustment. The price of any share under
      Option shall be adjusted so that there will be no change in the aggregate
      purchase price payable upon the exercise of any such Option.

      The granting of an Option pursuant to this Plan shall not affect in any
      way the right or power of the Company to make adjustments,
      reorganizations, reclassifications, or changes of its capital or business
      structure or to merge, consolidate, dissolve, liquidate or sell or
      transfer all or any part of its business or assets.

      After any merger, consolidation or reorganization of any form involving
      the Company as a party thereto involving any exchange, conversion,
      adjustment or other modification of the outstanding shares of the
      Company's Common Stock, each Optionee at the time of such reorganization
      shall, at no additional cost, be entitled, upon any exercise of his or her
      Option, to receive, in lieu of the number of shares as to which such
      option shall then be so exercised, the number and class of shares of stock
      or other securities or such other property to which such Optionee would
      have been entitled pursuant to the terms of the agreement of merger or
      consolidation, if at the time of such merger or consolidation, such
      Optionee had been a holder of record of a number of shares of the Common
      Stock of the Company equal to the number of shares as to which such Option
      shall then be so exercised. Comparable rights shall accrue to each
      Optionee in the event of successive mergers or consolidations of the
      character described above.

      The foregoing adjustments and the manner of their application will be in
      the sole discretion of the Committee to determine.

      Anything contained herein to the contrary notwithstanding, upon the
      dissolution or liquidation of the Company each Option granted under the
      Plan shall terminate.

15.   AMENDMENTS, SUSPENSION OR TERMINATION OF THE PLAN

      The Board of the Company shall have the right, at any time, to amend,
      suspend or terminate the Plan; provided, however, no amendments shall be
      made in the Plan without the approval of the stockholders of the Company
      which:

            (a)   Increase the total number of shares for which Options may be
                  granted under this Plan for all key employees except as
                  provided in Section 14.

            (b)   Change the minimum purchase price for the optioned shares
                  except as provided in Section 14.

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            (c)   Affect outstanding Options or any unexercised rights
                  thereunder except as provided in Section 14.

            (d)   Extend the option period provided in Section 7.

            (e)   Extend the termination date of the Plan.

16.   EFFECTIVE DATE

      The Plan shall take effect on October 1, 2005, and shall terminate on
      May 4, 2014. No Options may be granted under the Plan after its
      termination date, but any Option granted prior thereto may be exercised in
      accordance with its terms. The Plan and all Options granted pursuant to it
      are subject to all laws, approvals, requirements and regulations of any
      governmental authority which may be applicable thereto and,
      notwithstanding any provisions of the Plan or Option Agreement, the holder
      of an Option shall not be entitled to exercise his or her Option nor shall
      the Company be obligated to issue any shares to the holder if such
      exercise or issuance shall constitute a violation by the holder or the
      Company of any provisions of any such approval requirements, law or
      regulations.

17.   REGULATION

      The Company's regulators may direct the Company to require plan
      participants to exercise or forfeit their stock rights if the Company's
      capital falls below the minimum requirements, as determined by the
      regulators.

                                       5<PAGE>

                                                                    EXHIBIT 10.2

                                (FOR ORGANIZERS)

                         MOUNTAIN VALLEY COMMUNITY BANK
                                WARRANT AGREEMENT

      THIS WARRANT AGREEMENT (the "Warrant Agreement") is made and entered into
effective as of the ____ day of __________, 2004 by and between MOUNTAIN VALLEY
COMMUNITY BANK (the "Bank") and ________________________, a resident of the
State of Georgia (the "Warrantholder").

      WHEREAS, the Warrantholder was named as an organizing director of the Bank
and has placed assets at risk to fund the organizational expenses in expectation
of being granted warrants to purchase the number of shares of the common stock
of the Bank equal to the number of shares subscribed by the Warrantholder; and

      WHEREAS, the Bank hereby grants the number of warrants to the
Warrantholder on the terms and conditions hereinafter stated as part of the
Warrantholder's investment in the Bank;

      NOW, THEREFORE, this Warrant Agreement is entered into by the Bank and the
Warrantholder with the following terms:

1.    WARRANT.

      The Bank hereby grants to the Warrantholder warrants (the "Warrants") to
purchase _____________________ (___________) shares (the "Shares") of the
common stock ($5.00 par value) (the "Common Stock") of the Bank in accordance
with the terms and subject to the restrictions hereinafter set forth.

2.    TERMINATION.

      The Warrants have been granted on the date of this Warrant Agreement and
shall terminate on ___________, _____, the date which is ten years from the date
of the Bank's incorporation, unless sooner terminated as follows. The Warrants
shall terminate on the date that is ninety days from the date on which the
Warrantholder ceases to be an active officer, employee or director of the Bank
other than by reason of his or her death or disability and six months after the
Warrantholder ceases being an active officer, employee or director of the
Company by reason of his or her death or disability.

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3.    EXERCISE OF WARRANTS.

      The Warrants must be exercised within ten (10) years from the date of the
Bank's incorporation, _____________, _____. If any Warrants are not exercised in
this ten (10)-year period, those Warrants shall be null and void.

      No fractional shares will be issued upon exercise of Warrants, but the
Bank will pay the cash value of any fractional shares otherwise issuable.

      The Warrants shall be exercised, in whole or in part, by written notice
directed to the Secretary of the Bank at the Bank's main office or at such other
address as the Bank shall have notified the Warrantholder in writing. Such
written notice shall be accompanied by payment in full in cash or by check or
shares of the Common Stock previously held by the Warrantholder of the Warrant
Price for the number of Shares specified in such written notice. In the event of
the Warrantholder's death or mental incapacity, the Warrants may be exercised by
the Warrantholder's personal representative.

4.    VESTING.

      The Warrants shall have the following vesting schedule:

<TABLE>
<CAPTION>
                                                          VESTING PERCENTAGE
                                                               OF TOTAL
DATE                                                      WARRANTS GRANTED
----                                                      ------------------
<S>                                                       <C>
First Anniversary of the Date Hereof                          33(1/3)%
Second Anniversary of the Date Hereof                         33(1/3)%
Third Anniversary of the Date Hereof                          33(1/3)%
</TABLE>

5.    WARRANT PRICE.

      The price per share at which Shares may be purchased pursuant to exercise
of the Warrants (the "Warrant Price") shall be $10.00 (which amount has been
determined by the Board to be the fair market value per share of the Common
Stock on the date that these Warrants are granted).

6.    EXERCISE OR FORFEITURE OF WARRANTS DUE TO CAPITAL BELOW MINIMUM
      REQUIREMENTS.

      If the Bank's capital falls below the minimum requirements, as determined
by the State of Georgia Department of Banking and Finance (the "Department") or
the Federal Deposit Insurance Corporation (the "FDIC"), and if directed by the
Department and/or the FDIC, the Bank can require the Warrantholder to exercise
or forfeit his or her Warrants.

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7.    ADJUSTMENTS IN CERTAIN EVENTS.

      The Warrants granted hereunder shall be appropriately adjusted both as to
the number of shares subject to the Warrants and the Warrant Price for any
increase or decrease in the number of outstanding shares of Common Stock of the
Bank resulting from a stock split or payment of a stock dividend on the Common
Stock, a subdivision or combination of shares of the Common Stock, or a
reclassification of the Common Stock, and in the event of a merger or
consolidation in accordance with the following paragraph.

      After any merger, consolidation or reorganization of any form involving
the Bank as a party thereto involving any exchange, conversion, adjustment or
other modification of the outstanding shares of the Bank's Common Stock,
Warrantholder at the time of such reorganization shall, at no additional cost,
be entitled, upon any exercise of his or her Warrant, to receive, in lieu of the
number of shares as to which such Warrant shall then so be exercised, the number
and class of shares of stock or other securities or such other property to which
such Warrantholder would have been entitled pursuant to the terms of the
agreement of merger or consolidation, if at the time of such merger or
consolidation, such Warrantholder had been a holder of record of a number of
shares of the Common Stock of the Bank equal to the number of shares as to which
such Warrant shall then be so exercised. Comparable rights shall accrue to each
Warrantholder in the event of successive mergers or consolidations of the
character described above.

      The foregoing adjustments and the manner of their application will be in
the discretion of the Bank to determine.

8.    LIMITATION ON PERCENTAGE OF COMMON STOCK OWNED.

      Exercise of the Warrants shall not result in the Warrantholder (including
shares owned by the Warrantholder's spouse and minor children) owning more than
twenty percent (20%) of the outstanding Common Stock of the Bank, unless the
Department has approved the Warrantholder owning more than twenty percent (20%)
of the outstanding Common Stock of the Bank in the approval of the Bank's
charter application. Any attempt to exercise the Warrants which would result in
a violation of the above restriction shall be null and void to the extent of any
excess over the above limitation.

9.    LIMITATION OF RIGHTS.

      The Warrantholder or the personal representative of the Warrantholder is
not entitled, by virtue of being such a holder, to receive dividends or to
consent or to receive notice as a stockholder in respect to any meeting of
stockholders for the election of directors of the Bank or any other matters, or
to vote at any such meeting, or to any other rights whatsoever as a stockholder
of the Company. The Warrantholder or the personal representative of the
Warrantholder shall have no rights as a stockholder with respect to the Common
Stock covered by the Warrants until the Warrantholder or the personal
representative of the Warrantholder shall become the holder of record of such
Common Stock.

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10.   RESTRICTIONS ON TRANSFER AND PLEDGE.

      The Warrants and all rights and privileges granted hereunder shall not be
transferred, assigned, pledged or hypothecated in any way, whether by operation
of law or otherwise, and shall not be subject to execution, attachment or
similar process. Upon any attempt to transfer, assign, pledge, hypothecate or
otherwise dispose of the Warrants or any right or privilege granted hereunder,
or upon the levy or any attachment or similar process upon the rights and
privileges herein conferred, the Warrants and the rights and privileges
hereunder shall become immediately null and void.

11.   RESTRICTIONS ON ISSUANCE OF SHARES.

      If at any time the Board of Directors of the Bank shall determine, in its
discretion, that listing, registration or qualification of the Common Stock
covered by the Warrants upon any securities exchange or under any state or
federal law, or the consent or approval of any governmental regulatory body, is
necessary or desirable as a condition to the exercise of the Warrants, the
Warrants may not be exercised in whole or in part unless and until such listing,
registration, qualification, consent or approval shall have been effected or
obtained free of any conditions not acceptable to the Board of Directors.

      IN WITNESS WHEREOF, the Bank, acting by and through its duly authorized
officers, has caused this Warrant Agreement to be executed and the Warrantholder
has executed this Warrant Agreement, all as of the day and year first above
written.

                                                MOUNTAIN VALLEY COMMUNITY BANK

                  [SEAL]

Attest:                                         By: ____________________________
                                                        Marc J. Greene
By: __________________________                          President

                                                WARRANTHOLDER:

                                                ________________________________
                                                Print Name: ____________________

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