Document:

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                                                                   EXHIBIT 10.21

                                 LIFE INSURANCE

                      ENDORSEMENT METHOD SPLIT DOLLAR PLAN

                                    AGREEMENT

Insurer:                         Alexander Hamilton Life
                                 The Union Central Life Insurance Company

Policy Number:                   AH5061646
                                 U200000539

Bank:                            Gwinnett Banking Company

Insured:                         Larry Durell Key

Relationship of Insured to Bank: Executive

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 all terms in this
     Agreement.

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

     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.

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 employed by the Bank and die on or before the
          20th day of October, 2001, 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.

     B.   Should the Insured be employed by the Bank and die subsequent to the
          20th day of October, 2001, the Insured's beneficiary(ies), designated
          in accordance with Paragraph III, shall be entitled to an amount equal
          to eighty percent (80%) 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.

     C.   Should the Insured not be employed by the Bank at the time of his or
          her death and die on or before the 20th day of October, 2001, 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 employment. Should the Insured not be employed
          by the Bank at the

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          time of his or her death and die subsequent to the 20th day of
          October, 2001, the Insured's beneficiary(ies) shall be entitled to the
          following percentage of the proceeds described in Subparagraph VI (B)
          hereinabove:

<TABLE>
<CAPTION>
Total Years
of Employment   Vested (to a
with the Bank   maximum of 100%)
-------------   ----------------
<S>             <C>
1                      20%
2                      40%
3                      60%
4                      80%
5 or more             100%
</TABLE>

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

     E.   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.

IX.  TERMINATION OF AGREEMENT

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

     1.   The Insured shall be discharged from employment with the Bank for
          cause. The term for "cause" shall mean any of the following that
          result in

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          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

     2.   Surrender, lapse, or other termination of the Policy by the Bank.

     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:

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

     2.   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.

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.

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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 Gwinnett Banking Company until 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 The Benefit Marketing Group, Inc. (770-952-1529). When the
     Named Fiduciary has a claim which may be covered under the provisions
     described in the insurance 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
     inquiry to the Insurer. All objections to the

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     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 for 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 the purposes of this Agreement, transfers on account of
     deaths 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 employment 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 Subparagraphs VI (A) &
     (B)].

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 October 20, 1999.

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

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     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 Lawrenceville, Georgia this 20th day of October, 1999.

                     GWINNETT BANKING COMPANY
                     Lawrenceville, Georgia

<TABLE>
<S>                  <C>                           <C>

/s/ Darrell Sumner   By: /s/ John T. Hopkins III   EVP/CFO
------------------   ---------------------------   Title
Witness

/s/ Darrell Sumner   /s/ Larry D. Key
------------------   ---------------------------
Witness              Larry Key
</TABLE>

                                        7<PAGE>

                                                                   EXHIBIT 10.22

                                    AMENDMENT
                          TO THE EXECUTIVE SUPPLEMENTAL
                     RETIREMENT PLAN AGREEMENT AND THE LIFE
                 INSURANCE ENDORSEMENT METHOD SPLIT DOLLAR PLAN
                        AGREEMENT DATED OCTOBER 20, 1999

     This Amendment, made and entered into this 7th day of April, 2003, by and
between Gwinnett Banking Company, a Bank organized and existing under the laws
of the State of Georgia, hereinafter referred to as the, "Bank", and Larry D.
Key, a Key Employee and Executive of the Bank, hereinafter referred to as the,
"Executive", shall effectively amend the Executive Supplemental Retirement Plan
Agreement and the Life Insurance Endorsement Method Split Dollar Plan Agreement
dated October 20, 1999.

1. Subparagraph I (D) titled, "Early Retirement Date" shall be deleted in its
entirety and replaced with the following: "Early Retirement Date" shall mean
retirement of the Executive from service with the Bank which is effective prior
to his Normal Retirement Age, provided the Executive has attained at least age
sixty (60). "Early Retirement Age" shall mean the date on which the Executive
attains age sixty (60).

2. Subparagraph I (G) titled, "Index Retirement Benefit", shall be deleted in
its entirety and replaced with the following:

     G.   The Index Retirement Benefit:

          (i)  The "Index Retirement Benefit" for the Executive for each Plan
               Year shall be equal to the excess (if any) of the Index
               (Subparagraph I [H]) for that Plan Year over the Opportunity Cost
               (Subparagraph I [I]) for that Plan Year, divided by a factor
               equal to 1.03 minus the Bank's marginal tax rate for the Plan
               year. The Bank's marginal tax rate shall be determined annually
               by the Bank's certified public accounting firm and shall be
               binding on the Bank and the Executive.

               An illustration of the calculation of the Index Retirement
               Benefit as set forth herein is attached hereto and marked as
               Exhibit "A". The numbers referred to in said Exhibit A are not
               actual nor representative of any Index Retirement Benefit that
               may be actually calculated per this Executive Agreement. Exhibit
               A is attached hereto merely for illustrative purposes only and
               the Bank does not make any promises or other representations
               regarding any said amounts set for the therein.

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          (ii) The "Index Retirement Benefit" for the Executive for each Plan
               Year shall be equal to the excess (if any) of the Index
               (Subparagraph I [H]) for that Plan Year over the Opportunity Cost
               (Subparagraph I [I]) for that Plan Year, divided by a factor
               equal to .89 minus the Bank's marginal tax rate for the Plan
               year. The Bank's marginal tax rate shall be determined annually
               by the Bank's certified public accounting firm and shall be
               binding on the Bank and the Executive. The break even factor as
               set forth in this paragraph is applicable for the additional life
               insurance policies as listed hereinbelow in this same amendment.

3. Subparagraph I (H) titled, "Index", of the October 20, 1999 Agreement shall
be amended to add the following life insurance policies to said Agreement:

I.   DEFINITIONS

     H.   Index:

          Insurance Company:          ING/Southland Life Insurance Company
          Policy Form:                Flexible Premium Adjustable Life
          Policy Name:                Max Universal Life
          Insured's Age and Sex:      58, Male
          Riders:                     None
          Ratings:                    None
          Option:                     Level
          Face Amount:                $445,791
          Premiums Paid:              $232,500
          Number of Premium Payments: Single
          Assumed Purchase Date:      April 7, 2003

          Insurance Company:          New York Life Insurance & Annuity
                                      Corporation
          Policy Form:                Flexible Premium Adjustable Life
          Policy Name:                BOLI 20.1
          Insured's Age and Sex:      58, Male
          Riders:                     None
          Ratings:                    None
          Option:                     Level
          Face Amount:                $467,360
          Premiums Paid:              $232,500
          Number of Premium Payments: Single
          Assumed Purchase Date:      April 7, 2003

4. Subparagraph I (K) titled, "Normal Retirement Age" shall be deleted in its
entirety and replaced with the following: "Normal Retirement Age" shall mean the
date on which the Executive attains age sixty-two (62).

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<PAGE>

5. Page one (1) of the Life Insurance Endorsement Method Split Dollar Agreement
shall be amended to add the following life insurance policies to said Agreement:

          Insurer:       ING/Southland Life Insurance Company
          Policy Number: 0660027236

          Insurer:       New York Life Insurance & Annuity Corporation
          Policy Number: 56604465

     This Amendment shall be effective the 7th day of April, 2003. To the extent
that any paragraph, term, or provision of said agreement is not specifically
amended herein, or in any other amendment thereto, said paragraph, term, or
provision shall remain in full force and effect as set forth in said October 20,
1999 agreements.

     IN WITNESS WHEREOF, the parties hereto acknowledge that each has carefully
read this Amendment and executed the original thereof on the first day set forth
hereinabove, and that, upon execution, each has received a conforming copy.

                         GWINNETT BANKING COMPANY
                         Lawrenceville, Georgia

<TABLE>
<S>                      <C>                        <C>

/s/ Beth R. Tynan        By: /s/ Beth R. Tynan      VP Controller
----------------------       --------------------   Title
Witness

/s/ Jennifer M. Burll    /s/ Larry D. Key
----------------------   ------------------------
Witness                  Larry D. Key
</TABLE>

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