Document:

EXHIBIT 4.1

 NUMBER                                                             SHARES
 **  **                                                             **   **
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                           LEE COUNTY BANCSHARES, INC.
                ORGANIZED UNDER THE LAWS OF THE STATE OF GEORGIA

                         TRANSFER OF THIS STOCK IS RESTRICTED IN ACCORDANCE WITH
                         CONDITIONS PRINTED ON THE REVERSE OF THIS CERTIFICATE.

THIS  CERTIFIES  THAT
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is the owner of
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    FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK ($1.00 PAR VALUE) OF

                          LEE COUNTY BANCSHARES, INC.

(hereinafter  called  the "Company"). The shares represented by this certificate
are transferable on the books of the Company by said owner or by his or her duly
authorized  attorney,  upon the surrender of this Certificate properly endorsed.

     IN WITNESS WHEREOF, the Company has caused this Certificate to be signed by
its  duly  authorized  officer  and  its  corporate seal to be hereunto affixed.

Date:          ,  200 .
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Martin  D.  Williams,  Secretary                       Michael P. Guy, President

                                     [SEAL]

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For  value  received,                      hereby sell, assign and transfer unto
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PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE
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(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

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------------------------------------------------------------------------  shares

of  the  stock  represented by the within Certificate, and do hereby irrevocably
constitute  and  appoint                           Attorney to transfer the said
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stock  on  the  books  of  the  within  named  Corporation  with  full  power of
substitution  in  the  premises.

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(DATE)

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(SIGNATURE:  THE  SIGNATURE  ON THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS
WRITTEN  UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION
OR  ENLARGEMENT  OR  ANY  CHANGE  WHATEVER.)

<PAGE>EXHIBIT 10.1

                                     FORM OF
                          NEXITY BANK ESCROW AGREEMENT

      Relating to Subscriptions for Shares of Lee County Bancshares, Inc.

     THIS  ESCROW AGREEMENT (the "Agreement") is made and entered into as of the
___ day of, 20__, by and among certain investors (collectively, the "Investors")
who  have  executed  a Subscription Agreement (the "Subscription Agreement" (and
which  Subscription  Agreement  expressly refers to and incorporates this Escrow
Agreement);  Lee County Bancshares, Inc., a Georgia corporation (the "Company");
and  Nexity  Bank  (the  "Escrow  Agent").

     WHEREAS,  the  Investors  desire to contribute to the capital of Lee County
Bancshares,  Inc. by purchasing shares of its common stock, $1.00 par value (the
"Shares")  pursuant  to  the  terms  and  conditions  set  forth  in  Lee County
Bancshares' Prospectus dated       , 20 (the "Prospectus"), and the Subscription
                             ------
Agreement, the  form  of  which  is  attached  hereto;  and

     WHEREAS,  in  order  to  facilitate  the  purchase  of  the  Shares and the
organization  of  Lee  County  Bancshares,  Inc.,  the Investors desire that the
Escrow  Agent  receive,  hold  and  distribute  their payments for the Shares in
accordance  with  the  terms  hereof.

     NOW,  THEREFORE,  in consideration of the premises and the mutual covenants
hereinafter set forth, the parties agree as follows:

     1.     ESCROW DEPOSIT.  Each Investor will deliver the funds in payment for
            --------------
the  Shares  purchased  by  such  Investor,  as  set  forth  in the Subscription
Agreement, to the Company for further delivery to the Escrow Agent.  The Company
will  collect  and  deliver  to  the Escrow Agent appropriate W-9 Forms for each
investor.

     2.     INVESTMENT  OF  ESCROW  DEPOSIT.  All  funds  received by the Escrow
            -------------------------------
Agent  pursuant  to this Agreement shall be invested, to the extent practicable,
in  a  fully  liquid instrument of deposit with the Escrow Agent.  Interest will
begin accruing no later than the next business day after receipt.

     3.     DISTRIBUTION  OF FUNDS.  The Escrow Agent shall distribute the funds
            ----------------------
held by it under this Agreement as follows:

     a.   Upon  receipt  of  (i)  funds  in the amount of at least $6,100,000 in
          payment  for Shares, and (ii) a certificate executed by either Michael
          P.  Guy or Joe W. Waid, Jr. attesting that Lee County Bancshares, Inc.
          has  received  subscriptions  for such amount and directing the Escrow
          Agent  to  distribute  all funds received by the Escrow Agent from the
          Investors  under this Agreement to the Company, the Escrow Agent shall
          deliver  the  funds,  by  cashier's  check  or  other  form of payment
          mutually  acceptable  to  the  Company  and  the  Escrow Agent, to the
          Company,  together  with  the  income

<PAGE>
          earned  thereon  pursuant  to  subsection  (c)  of  this Section 3. No
          distribution  will  be  made  until the last investor deposit has been
          made for at least two business days. The Company shall provide account
          information  and  other  necessary directions for disbursements by the
          Escrow  Agent  to  it  under  this Agreement. The Escrow Agent must be
          provided  a  copy of the Subscription Agreement at the signing of this
          Escrow  Agreement.

     b.   Upon  (i) receipt of direction from the Company to return the funds to
          the  Investors  or  (ii)  in  the  event  the  Escrow Agent shall have
          received  less  than $6,100,000 or shall have received no direction or
          certificate from the Company pursuant to either subsection (a) or this
          subsection  (b)  of  this  Section  3  on  or  prior  to             ,
                                                                   ------------
          20   (closing  date  of  offering),  the Escrow Agent shall distribute
            --
          such  funds  to the Investors, together with the income earned thereon
          pursuant  to  subsection  (c)  of this Section 3. The Company may give
          notice  to the Escrow Agent that the Company is canceling its offer of
          the  Shares  prior  to           , 20   and  the  Escrow  Agent  shall
                                 ----------    --
          distribute  the  funds  to  the  Investors  in  accordance  with  this
          Agreement.

     c.   Any  income  earned  on  the  investment  of funds received under this
          Agreement  will  first  be  applied against the Escrow Agent's fee set
          forth in Section 9 hereof and any expense of the Escrow Agent incurred
          pursuant  to  Section 5 hereof. To the extent that such income exceeds
          the  Escrow  Agent's fee and expenses, the Escrow Agent shall allocate
          (each  Investor  shall be allocated his pro rata share of such excess,
          calculated  according  to  the amount of funds delivered to the Escrow
          Agent  by  such  Investor and the number of days such Investor's funds
          have been available for investment by the Escrow Agent) and distribute
          such  excess to the Investors, in the event that funds are returned to
          Investors  pursuant  to  subsection  (b)  of this Section. Such excess
          shall  be  delivered  to  the  Company,  in  the  event that the funds
          received  and  held hereunder are delivered to the Company pursuant to
          subsection  (a)  of  this  Section.

     4.     AUTHORIZATION  FOR  DISBURSEMENT.  The  Escrow  Agent  is  hereby
            --------------------------------
authorized  and directed to issue its checks for each disbursement hereunder and
the  Escrow  Agent shall be relieved of all liability with respect to making the
disbursements  in  accordance  with  the  provisions  hereof.

     5.     PROFESSIONAL  SERVICES  USED  BY ESCROW AGENT.  The Escrow Agent may
            ---------------------------------------------
engage  the  services of such attorneys, accountants and other professionals, as
the  Escrow  Agent  may, in its sole discretion, deem advisable to carry out its
duties  under  the  Agreement.  The Company agrees to reimburse the Escrow Agent
for  all  costs, expenses and professional fees incurred hereunder which are not
covered  by  income  earned  on  escrowed funds pursuant to Section 3(c) hereof,
including  all legal fees and expenses incurred in the review of this Agreement.

     6.     LIMIT  ON ESCROW AGENT'S RESPONSIBILITY. The Escrow Agent shall have
            ---------------------------------------
no  duties  or obligations hereunder except as expressly set forth herein, shall
be  responsible  only  for

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<PAGE>
the  performance  of  such duties and obligations, shall not be required to take
any  action otherwise than in accordance with the terms hereof, and shall not be
in  any manner liable or responsible for any loss or damage arising by reason of
any  act  or  omission  to  act by it hereunder or in connection with any of the
transactions  contemplated  hereby, including, but not limited to, any loss that
may  occur  by  reason  of  forgery,  false representations, the exercise of its
discretion  or  any  other  reason,  except  for its gross negligence or willful
misconduct.

     7.     RELIANCE ON OPINION OF COUNSEL.  The Escrow Agent hereunder shall be
            ------------------------------
entitled  to  rely  upon  the  advice  of its counsel in any action taken in its
capacity  as Escrow Agent hereunder and shall be protected from any liability of
any  kind  for  actions  taken  in  reasonable reliance upon such opinion of its
counsel.

     8.     RESIGNATION.  The  Escrow Agent may resign at any time upon ten (10)
            -----------
days'  written  notice  to the Company.  Such resignation shall take effect upon
receipt  by  the  Escrow  Agent  of  an  instrument  of acceptance executed by a
successor  escrow  agent and subscribed and consented to by the Company, and the
delivery  by  the  Escrow  Agent  to such successor of any funds held under this
Agreement.  The  Escrow  Agent,  if  it  has  not received such an instrument of
acceptance prior to the expiration of ten (10) calendar days after the giving of
notice  of  resignation,  shall  be  discharged  of  its  duties and obligations
hereunder  only  upon  the  deposit  of  any  funds  being held by it under this
Agreement  into,  and  the  acceptance  thereof,  by  a  court  of  competent
jurisdiction,  to  which  application  shall  be  made  for the appointment of a
successor  escrow  agent so appointed shall succeed to all of the rights, duties
and  responsibilities  of  the  Escrow  Agent.

     9.     ESCROW AGENT'S FEES.  The Company agrees to pay Escrow Agent's usual
            -------------------
and  customary  fees for performing its obligations under the Agreement that are
not  covered by income earned on escrowed funds pursuant to Section 3(c) hereof.

     10.     NOTICE.  All  notices,  certificates  and  other  communications
             ------
hereunder  shall  be  in writing and shall be sufficiently given when delivered,
postage  prepaid,  addressed  as  follows  by  certified  mail:

          To  the  Escrow  Agent:          Attention:  Mrs.  Pam  Fretwell
                                           Nexity  Bank
                                           3500  Blue  Lake  Drive
                                           Birmingham,  Alabama  35243

          To  the  Investors:              to  the  persons  named  and  at  the
                                           addresses listed in the Subscription
                                           Agreements

          To  Company:                     Lee  County Bancshares,  Inc.
                                           2006  Executive  Park,  Suite  B
                                           Opelika,  Alabama  36801

          Any  party  may,  by  notice  given hereunder, designate any future or
different  addresses  to  which  subsequent  notices,  certificates  and  other
communications  shall  be  sent.

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<PAGE>
     12.     BINDING  EFFECT.  This  Agreement shall inure to the benefit of and
             ---------------
shall be binding upon the parties hereto and their respective heirs, successors,
administrators  and  assigns.

     13.     SEVERABILITY.  In  the  event  any  court of competent jurisdiction
             ------------
shall  hold  any  provision  of  this  Agreement  invalid or unenforceable, such
holding shall not invalidate or render unenforceable any other provision hereof.

     14.     EXECUTION  OF  COUNTERPARTS.  This  Agreement  may  be  executed in
             ---------------------------
several counterparts, each of which shall be an original, and all of which shall
constitute  one  and  the  same  instrument.

     15.     APPLICABLE  LAW.  This  Agreement  shall  be construed and governed
             ---------------
exclusively  by  the  laws  of  the  State  of  Alabama,  without  regard to its
principles  of  conflicts  of  law.

     16.     HEADINGS.  The  headings  used in this Agreement have been prepared
             --------
for the convenience of reference only and shall not control, affect the meaning,
or be taken as an interpretation of any provisions of this Agreement.

                         ESCROW  AGENT:            NEXITY  BANK
                                       ------------------------------------

                         By:
                               -------------------------------
                         Its:
                               -------------------------------
                         Date:
                               -------------------------------

                         COMPANY:      LEE COUNTY BANCSHARES, INC.
                                       ------------------------------------

                         By:
                               -------------------------------
                         Its:
                               -------------------------------
                         Date:
                               -------------------------------

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<PAGE>

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