Document:

EXHIBIT 10.3

                                ESCROW AGREEMENT

     THIS  ESCROW  AGREEMENT (this "Agreement") is entered into and effective as
of  the ___ day of, __________, 2001, by and between ____________, a corporation
(the  "Company"),  and  The  Bankers  Bank  (the  "Escrow  Agent").

                              W I T N E S S E T H:
                              --------------------

     WHEREAS,  the  Company  proposes  to  offer and sell (the "Offering") up to
______  shares  of  Common Stock, _______ par value per share (the "Shares"), to
investors  at  $_________per Share pursuant to a registered public offering; and

     WHEREAS,  the Company desires to establish an escrow for funds forwarded by
subscribers for Shares, and the Escrow Agent is willing to serve as Escrow Agent
upon  the  terms  and  conditions  herein  set  forth.

     NOW,  THEREFORE,  in  consideration  of  the  premises  and  other good and
valuable  consideration,  the  receipt  and  sufficiency  of  which  are  hereby
acknowledged,  the  parties  hereto  agree  as  follows:

     1.     DEPOSIT  WITH  ESCROW  AGENT.
            ----------------------------

     (a)     The  Escrow  Agent agrees that it will from time to time accept, in
its  capacity  as escrow agent, subscription funds for the Shares (the "Escrowed
Funds")  in  the  form  of checks received by the Company from subscribers.  All
checks  shall  be made payable to the Escrow Agent.  If any check does not clear
normal banking channels in due course, the Escrow Agent will promptly notify the
Company.  Any check which does not clear normal banking channels and is returned
by the drawer's bank to Escrow Agent will be promptly turned over to the Company
along  with  all other subscription documents relating to such check.  Any check
received  that  is  made payable to a party other than the Escrow Agent shall be
returned to the Company for return to the proper party.  The Company in its sole
and  absolute  discretion  may reject any subscription for shares for any reason
and upon such rejection it shall notify and instruct the Escrow Agent in writing
to  return  the  Escrowed Funds by check made payable to the subscriber.  If the
Company  rejects  or  cancels  any  subscription for any reason the Company will
retain  any  interest earned on the Escrowed Funds to help defray organizational
costs.

     (b)     Subscription  agreements  for  the  Shares  shall  be  reviewed for
accuracy  by  the Company and, immediately thereafter, the Company shall deliver
to  the  Escrow Agent the following information: (i) the name and address of the
subscriber;  (ii)  the number of Shares subscribed for by such subscriber; (iii)
the  subscription  price  paid  by  such  subscriber;  (iv) the subscriber's tax
identification  number  certified  by  such  subscriber;  and  (v) a copy of the
subscription  agreement.

     2.     INVESTMENT  OF ESCROWED FUNDS.  Upon collection of each check by the
            -----------------------------
Escrow  Agent,  the  Escrow  Agent shall invest the funds in deposit accounts or
certificates of deposit which are fully insured by the Federal Deposit Insurance

                                        1
<PAGE>
Corporation  or  another  agency  of  the  United  States government, short-term
securities  issued  or fully guaranteed by the United States government, federal
funds,  or  such  other  investments  as  the Escrow Agent and the Company shall
agree.  The  Company  shall provide the Escrow Agent with instructions from time
to  time  concerning  in  which of the specific investment instruments described
above the Escrowed Funds shall be invested, and the Escrow Agent shall adhere to
such  instructions.  Unless  and  until otherwise instructed by the Company, the
Escrow  Agent  shall by means of a "Sweep" or other automatic investment program
invest  the  Escrowed Funds in blocks of $1,000 in federal funds.   Interest and
other earnings shall start accruing on such funds as soon as such funds would be
deemed  to be available for access under applicable banking laws and pursuant to
the  Escrow  Agent's  own  banking  policies.

     3.     DISTRIBUTION  OF  ESCROWED FUNDS.  The Escrow Agent shall distribute
            --------------------------------
the  Escrowed  Funds  in  the  amounts,  at  the  times, and upon the conditions
hereinafter  set  forth  in  this  Agreement.

     (a)     If  at  any time on or prior to the expiration date of the offering
as  described  in the prospectus relating to the offering, (the "Closing Date"),
(i)  the  Escrow  Agent  has certified to the Company in writing that the Escrow
Agent  has  received  at least $_________ in Escrowed Funds, and (ii) the Escrow
Agent has received a certificate from the President or the Chairman of the Board
of the Company that all other conditions to the release of funds as described in
the  Company's  Registration  Statement  filed  with the Securities and Exchange
Commission  pertaining  to  the  public  offering have been met, then the Escrow
Agent  shall  deliver  the  Escrowed  Funds  to  the  Company to the extent such
Escrowed Funds are collected funds. If any portion of the Escrowed Funds are not
collected funds, then the Escrow Agent shall notify the Company of such fact and
shall  distribute  such  funds  to  the  Company  only  after  such funds become
collected  funds.  For  purposes of this Agreement, "collected funds" shall mean
all  funds  received  by  the  Escrow  Agent,  which have cleared normal banking
channels.

     (b)     If  the  Escrowed  Funds  do  not, on or prior to the Closing Date,
become  deliverable  to  the  Company  based  on  failure to meet the conditions
described  in  Paragraph  3(a), or if the Company terminates the offering at any
time  prior  to the Closing Date and delivers written notice to the Escrow Agent
of  such  termination  (the "Termination Notice"), the Escrow Agent shall return
the  Escrowed  Funds  which  are  collected  funds as directed in writing by the
Company  to  the  respective  subscribers  in  amounts equal to the subscription
amount  theretofore  paid  by  each  of them.  All uncleared checks representing
Escrowed  Funds  which  are  not  collected funds as of the Initial Closing Date
shall  be  collected  by  the  Escrow  Agent,  and  together  with  all  related
subscription  documents  thereof shall be delivered to the Company by the Escrow
Agent,  unless the Escrow Agent is otherwise specifically directed in writing by
the  Company.

     4.     DISTRIBUTION OF INTEREST.  Any interest earned on the Escrowed Funds
            ------------------------
shall  be  retained  by  the  Company.

     5.     FEE  OF  ESCROW  AGENT.   The  escrow  account will accrue a service
            ----------------------
charge  of  $15.00  per  month.   In  addition,  a  $20.00 per check fee will be
charged  if  the  escrow account has to be refunded due to a failure to complete
the  subscription.  All  of  these  fees  are  payable  upon  the release of the
Escrowed  Funds,  and  the Escrow Agent is hereby authorized to deduct such fees
from  the  Escrowed  Funds  prior  to  any release thereof pursuant to Section 3
hereof.

                                        2
<PAGE>
     6.     LIABILITY  OF  ESCROW  AGENT.
            ----------------------------

     (a)     In  performing  any  of its duties under the Agreement, or upon the
claimed  failure  to perform its duties hereunder, the Escrow Agent shall not be
liable  to  anyone  for  any damages, losses or expenses which it may incur as a
result  of the Escrow Agent so acting, or failing to act; provided, however, the
Escrow  Agent  shall be liable for damages arising out of its willful default or
misconduct  or  its  gross  negligence  under  this Agreement.  Accordingly, the
Escrow  Agent  shall not incur any such liability with respect to (i) any action
taken or omitted to be taken in good faith upon advice of its counsel or counsel
for  the  Company  which  is given with respect to any questions relating to the
duties  and  responsibilities  of the Escrow Agent hereunder; or (ii) any action
taken  or  omitted  to  be  taken  in  reliance upon any document, including any
written  notice  or instructions provided for this Escrow Agreement, not only as
to its due execution and to the validity and effectiveness of its provisions but
also  as  to the truth and accuracy of any information contained therein, if the
Escrow  Agent  shall  in good faith believe such document to be genuine, to have
been  signed or presented by a proper person or persons, and to conform with the
provisions  of  this  Agreement.

     (b)     The  Company agrees to indemnify and hold harmless the Escrow Agent
against  any  and  all  losses,  claims,  damages,  liabilities  and  expenses,
including,  without  limitation,  reasonable  costs of investigation and counsel
fees  and  disbursements which may be imposed by the Escrow Agent or incurred by
it  in  connection  with  its  acceptance  of  this  appointment as Escrow Agent
hereunder  or  the  performance  of  its  duties  hereunder,  including, without
limitation,  any  litigation arising from this Escrow Agreement or involving the
subject  matter  thereof; except, that if the Escrow Agent shall be found guilty
of  willful  misconduct  or gross negligence under this Agreement, then, in that
event,  the  Escrow  Agent  shall  bear  all  such  losses,  claims, damages and
expenses.

     (c)     If a dispute ensues between any of the parties hereto which, in the
opinion  of  the Escrow Agent, is sufficient to justify its doing so, the Escrow
Agent  shall  retain  legal  counsel  of  its  choice  as it reasonably may deem
necessary  to advise it concerning its obligations hereunder and to represent it
in  any  litigation  to which it may be a part by reason of this Agreement.  The
Escrow  Agent  shall  be  entitled to tender into the registry or custody of any
court  of  competent  jurisdiction  all money or property in its hands under the
terms  of  this  Agreement,  and  to  file  such  legal  proceedings as it deems
appropriate,  and  shall  thereupon  be discharged from all further duties under
this  Agreement.  Any  such legal action may be brought in any such court as the
Escrow  Agent  shall determine to have jurisdiction thereof.  In connection with
such  dispute,  the  Company  shall indemnify the Escrow Agent against its court
costs  and  reasonable  attorney's  fees  incurred.

     (d)     The  Escrow  Agent  may  resign at any time upon giving thirty (30)
days  written  notice  to  the  Company.  If  a  successor  escrow  agent is not
appointed  by  Company  within thirty (30) days after notice of resignation, the
Escrow  Agent  may  petition  any  court  of  competent  jurisdiction  to name a
successor  escrow  agent  and the Escrow Agent herein shall be fully relieved of
all  liability  under this Agreement to any and all parties upon the transfer of
the  Escrowed Funds and all related documentation thereto, including appropriate
information  to assist the successor escrow agent with the reporting of earnings
of  the  Escrowed  Funds  to  the  appropriate  state  and  federal  agencies in
accordance  with  the  applicable  state  and  federal  income  tax laws, to the
successor  escrow  agent  designated  by  the  Company  appointed  by the court.

                                        3
<PAGE>
     7.     APPOINTMENT  OF  SUCCESSOR.  The  Company  may, upon the delivery of
            --------------------------
thirty  (30)  days  written  notice  appointing  a successor escrow agent to the
Escrow  Agent,  terminate  the  services  of the Escrow Agent hereunder.  In the
event  of  such  termination,  the Escrow Agent shall immediately deliver to the
successor  escrow  agent selected by the Company, all documentation and Escrowed
Funds  including  interest earnings thereon in its possession, less any fees and
expenses due to the Escrow Agent or required to be paid by the Escrow Agent to a
third  party  pursuant  to  this  Agreement.

     8.     NOTICE.  All  notices, requests, demands and other communications or
            ------
deliveries  required  or permitted to be given hereunder shall be in writing and
shall  be  deemed to have been duly given three days after having been deposited
for  mailing  if  sent  by  registered  mail,  or  certified mail return receipt
requested,  or delivery by courier, to the respective addresses set forth below:

IF TO THE SUBSCRIBERS FOR SHARES:    To their respective addresses as specified
                                     in their Subscription Agreements.

THE  COMPANY:

WITH  A  COPY  TO:

THE  ESCROW  AGENT:                  The  Bankers  Bank
                                     2410  Paces  Ferry  Road
                                     600  Paces  Summit
                                     Atlanta,  GA  30339-4098
                                     Attention:  Mrs.  Ivy  G.  Anderson
                                                 First  Vice  President

     9.     REPRESENTATIONS  OF  THE  COMPANY.  The  Company hereby acknowledges
            ---------------------------------
that  the  status of the Escrow Agent with respect to the offering of the Shares
is  that  of  agent  only  for the limited purposes herein set forth, and hereby
agrees  it  will not represent or imply that the Escrow Agent, by serving as the
Escrow  Agent  hereunder  or  otherwise,  has  investigated  the desirability or
advisability in an investment in the Shares, or has approved, endorsed or passed
upon  the merits of the Shares, nor shall the Company use the name of the Escrow
Agent  in  any  manner  whatsoever  in  connection with the offer or sale of the
Shares, other than by acknowledgment that it has agreed to serve as Escrow Agent
for  the  limited  purposes  herein  set  forth.

     10.     GENERAL.
             -------

     (a)  This  Agreement  shall  be  governed  by and construed and enforced in
accordance  with  the  laws  of  the  State  of  Georgia.

     (b)  The  section headings contained herein are for reference purposes only
and shall not in any way affect the meaning or interpretation of this Agreement.

     (c) This Agreement sets forth the entire agreement and understanding of the
parties  with  regard  to  this  escrow  transaction  and  supersedes  all prior
agreements,  arrangements  and  understandings  relating  to  the subject matter
hereof.

                                        4
<PAGE>
     (d)  This  Agreement  may be amended, modified, superseded or canceled, and
any  of  the  terms  or  conditions  hereof  may  be  waived,  only by a written
instrument  executed  by  each  party hereto or, in the case of a waiver, by the
party  waiving  compliance.  The  failure  of  any  part at any time or times to
require  performance of any provision hereof shall in no manner affect the right
at  a later time to enforce the same.  No waiver in any one or more instances by
any  part  of  any  condition,  or  of  the breach of any term contained in this
Agreement,  whether by conduct or otherwise, shall be deemed to be, or construed
as,  a further or continuing waiver of any such condition or breach, or a waiver
of  any  other  condition or of the breach of any other terms of this Agreement.

     (e)  This  Agreement  may  be  executed  simultaneously  in  two  or  more
counterparts,  each  of  which  shall  be  deemed  an original, but all of which
together  shall  constitute  one  and  the  same  instrument.

     (f)  This  Agreement  shall  inure to the benefit of the parties hereto and
their respective administrators, successors and assigns.  The Escrow Agent shall
be bound only by the terms of this Escrow Agreement and shall not be bound by or
incur any liability with respect to any other agreement or understanding between
the  parties  except  as  herein expressly provided.  The Escrow Agent shall not
have  any  duties  hereunder  except  those  specifically  set  forth  herein.

     (g)  No  interest  in any part to this Agreement shall be assignable in the
absence of a written agreement by and between all the parties to this Agreement,
executed  with  the  same  formalities  as  this  original  Agreement.

     IN  WITNESS  WHEREOF,  the parties have duly executed this Agreement as the
date  first  written  above.

COMPANY:                                ESCROW  AGENT:

                                        THE  BANKERS  BANK

By:________________________________     By: ________________________________
                                        Ivy  G.  Anderson
                                        First  Vice  President

                                        5
<PAGE>EXHIBIT 10.4

<TABLE>
<CAPTION>
<S>           <C>                       <C>                <C>            <C>
LOAN NUMBER        LOAN NAME            ACCT. NUMBER         NOTE DATE      INITIALS
              Generations Bank, In-                          07/31/01
                  Organization
NOTE AMOUNT     INDEX (w/Margin)              RATE         MATURITY DATE  LOAN PURPOSE
300,000.00   Wall Street Journal Prime        6.25%          07/31/02      Commercial
                   minus 0.5%           Creditor Use Only
</TABLE>

                                 PROMISSORY NOTE

                  (Commercial - Revolving Draw - Variable Rate)
                  ---------------------------------------------

DATE  AND  PARTIES.  The  date  of this Promissory Note (Note) is July 31, 2001.
The  parties  and  their  addresses  are:

     LENDER:

          NEXITY  BANK  -  ATLANTA  LPO

          2839  Paces  Ferry  Road

          Suite  840

          Atlanta,  Georgia  30339

          Telephone:  (678)  556-0700

     BORROWER:

          GENERATIONS  BANK,  IN-ORGANIZATION

          a  Corporation

          199-D  Highway  515

          Blairsville,  Georgia  30512

1.  DEFINITIONS.  As  used  in this Note, the terms have the following meanings:

     A.  PRONOUNS.  The  pronouns  "I,"  "me,"  and  "my" refer to each Borrower
     signing  this  Note, individually and together with their heirs, successors
     and  assigns,  and each other person or legal entity (including guarantors,
     endorsers,  and  sureties)  who  agrees  to pay this Note. "You" and "Your"
     refer  to  the Lender, with its participants or syndicators, successors and
     assigns,  or  any  person or company that acquires an interest in the Loan.

     B.  NOTE.  Note  refers  to  this  document,  and any extensions, renewals,
     modifications  and  substitutions  of  this  Note.

     C.  LOAN.  Loan refers to this transaction generally, including obligations
     and  duties  arising  from the terms of all documents prepared or submitted
     for this transaction such as applications, security agreements, disclosures
     or  notes,  and  this  Note.

     D.  PROPERTY.  Property is any property, real, personal or intangible, that
     secures  my  performance  of  the  obligations  of  this  Loan.

     E.  PERCENT.  Rates and rate change limitations are expressed as annualized
     percentages.

2.  PROMISE  TO  PAY. For value received, I promise to pay you or your order, at
your  address,  or at such other location as you may designate, amounts advanced
from  time  to  time  under the terms of this Note up to the maximum outstanding
principal  balance  of  $300,000.00  (Principal), plus interest from the date of
disbursement,  on  the  unpaid  outstanding  Principal  balance  until this Note
matures  or  this  obligation  is  accelerated.

I  may  borrow  up  to  the  Principal  amount  more  than  one  time.

3.  ADVANCES. Advances under this Note are made according to the following terms
and  conditions.

     A.  REQUESTS  FOR  ADVANCES.  My  requests  are  a  warranty  that  I am in
     compliance  with  all  the  Loan  documents.  When  required  by  you for a
     particular  method  of advance, my requests for an advance must specify the
     requested  amount  and  the  date  and  be accompanied with any agreements,
     documents,  and  instruments  that you require for the Loan. Any payment by
     you  of  any  check,  share  draft  or  other  charge  may, at your option,
     constitute  an  advance  on  the  Loan  to me. All advances will be made in
     United  States dollars. I will indemnify you and hold you harmless for your
     reliance  on  any  request  for  advances that you reasonably believe to be
     genuine.  To the extent permitted by law, I will indemnify you and hold you
     harmless  when  the  person making any request represents that I authorized
     this  person to request an advance even when this person is unauthorized or
     this  person's  signature  is  not  genuine.

     I  or  anyone  I  authorize to act on my behalf may request advances by the
     following  methods.

          (1)  I  make  a  request  in  person.

          (2)  I  make  a  request  by  phone.

          (3)  I  make  a  request  by  mail.

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Promissory  Note                                          Initials  ___
GA/4kabstanc00505900003326014073001N      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  1
<PAGE>
     B.  ADVANCE LIMITATIONS. In addition to any other Loan conditions, requests
     for,  and  access  to,  advances  are subject to the following limitations.

          (1)  Obligatory  Advances.  You will make all Loan advances subject to
               this  Agreement's  terms  and  conditions.

          (2)  Advance  Amount. Subject to the terms and conditions contained in
          this  Note,  advances  will  be  made in exactly the amount I request.

          (3)  Cut-Off  Time.  Requests  for an advance received before 02:30 PM
          will be made on any day that you are open for business, on the day for
          which  the  advance  is  requested.

          (4)  Disbursement  of Advances. On my fulfillment of this Note's terms
          and conditions, you will disburse the advance in any manner as you and
          I  agree.

          (5)  Credit  Limit.  I understand that you will not ordinarily grant a
          request  for  an  advance  that would cause the unpaid principal of my
          Loan  to be greater than the Principal limit. You may, at your option,
          grant  such  a  request  without obligating yourselves to do so in the
          future.

          (6) Records. Your records will be conclusive evidence as to the amount
          of  advances,  the  Loan's  unpaid  principal balances and the accrued
          interest.

4.  INTEREST.  Interest will accrue on the unpaid Principal balance of this Note
at  the  rate  of 6.25 percent (Interest Rate) until August 1, 2001, after which
time  it  may  change  as  described  in  the  Variable  Rate  subsection.

     A. INTEREST AFTER DEFAULT. If you declare a default under the terms of this
     Loan,  including  for  failure to pay in full at maturity, you may increase
     the  Interest  Rate  payable  on  the outstanding Principal balance of this
     Note.  In  such  event,  interest  will accrue on the outstanding Principal
     balance at the Interest Rate in effect from time to time under the terms of
     this  Loan,  until  paid  in  full.

     B.  MAXIMUM  INTEREST  AMOUNT. Any amount assessed or collected as interest
     under  the  terms of this Note or obligation will be limited to the Maximum
     Lawful  Amount  of  interest  allowed  by  state  or  federal  law. Amounts
     collected  in  excess of the Maximum Lawful Amount will be applied first to
     the  unpaid  Principal  balance.  Any  remainder  will  be  refunded to me.

     C.  STATUTORY  AUTHORITY.  The amount assessed or collected on this Note is
     authorized  by  the  Georgia  usury  laws  under  Ga.  Code title 7, ch. 4.

     D.  ACCRUAL.  During the scheduled term of this Loan interest accrues using
     an  Actual/360  days  counting  method.

     E.  VARIABLE  RATE.  The  Interest  Rate may change during the term of this
     transaction.

(1)     Index.  Beginning  with the first Change Date, the Interest Rate will be
based  on  the following index:  the highest base rate on corporate loans posted
by  at  least  75% of the nation's 30 largest banks that The Wall Street Journal
publishes  as  the  Prime  Rate.

The Current Index is the most recent index figure available on each Change Date.
You  do  not  guaranty by selecting this Index, or the margin, that the Interest
Rate  on  this Note will be the same rate you charge on any other loans or class
of  loans  you  make  to  me  or  other  borrowers.  If  this Index is no longer
available, you will substitute a similar index.  You will give me notice of your
choice.

(2)     Change  Date.  Each date on which the Interest Rate may change is called
a  Change  Date.  The  Interest  Rate  may  change  August  1,  2001  and  daily
thereafter.

(3)     Calculation  Of  Change.  On  each  Change  Date, you will calculate the
Interest Rate, which will be the Current Index minus 0.5 percent.  The result of
this  calculation  will  be rounded to the nearest .001 percent.  Subject to any
limitations, this will be the Interest Rate until the next Change Date.  The new
Interest  Rate will become effective on each Change Date.  The Interest Rate and
other  charges on this Note will never exceed the highest rate or charge allowed
by  law  for  this  Note.

(4)     Effect  Of  Variable  Rate.  A change in the Interest Rate will have the
following effect on the payments:  The amount of scheduled payments will change.

5.  REMEDIAL  CHARGES. In addition to interest or other finance charges, I agree
that I will pay these additional fees based on my method and pattern of payment.
Additional  remedial  charges  may  be  described  elsewhere  in  this  Note.

     A.  LATE  CHARGE. If a payment is more than 15 days late, I will be charged
     5.000 percent of the Unpaid Portion of Payment. I will pay this late charge
     promptly  but  only  once  for  each  late  payment.

6.  PAYMENT. I agree to pay all accrued interest on the balance outstanding from
time to time in regular payments beginning August 31, 2001, then on the same day
of  each  month  thereafter.  A  final  payment of the entire unpaid outstanding
balance  of  Principal  and  interest  will  be  due  July  31,  2002.

Payments  will  be  rounded  to the nearest $.0l.  With the final payment I also
agree to pay any additional fees or charges owing and the amount of any advances
you  have  made  to  others  on my behalf.  Payments scheduled to be paid on the
29th,  30th  or  31st day of a month that contains no such day will, instead, be
made  on  the  last  day  of  such  month.

Interest  payments  will  be  applied first to any charges I owe other than late
charges,  then to accrued, but unpaid interest, then to late charges.  Principal
payments will be applied first to the outstanding Principal balance, then to any

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Promissory  Note                                          Initials  ___
GA/4kabstanc00505900003326014073001N      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  2
<PAGE>
late  charges.  If  you  and  I agree to a different application of payments, we
will describe our agreement on this Note.  The actual amount of my final payment
will  depend  on  my  payment  record.

7.  PREPAYMENT.  I  may  prepay  this  Loan  in full or in part at any time. Any
partial  prepayment  will not excuse any later scheduled payments until I pay in
full.

8.  LOAN  PURPOSE.  This  is  a  business-purpose  loan  transaction.

9.  SECURITY.  This  Loan  is  not  secured.

10.  DEFAULT.  I  will  be  in  default  if  any  of  the  following  occur:

     A.  PAYMENTS.  I  fail  to  make  a  payment  in  full  when  due.

     B.  INSOLVENCY  OR  BANKRUPTCY.  I  make  an  assignment for the benefit of
     creditors  or  become  insolvent,  either  because my liabilities exceed my
     assets or I am unable to pay my debts as they become due; or I petition for
     protection  under  federal, state or local bankruptcy, insolvency or debtor
     relief  laws, or am the subject of a petition or action under such laws and
     fail to have the petition or action dismissed within a reasonable period of
     time  not  to  exceed  60  days.

     C.  BUSINESS TERMINATION. I merge, dissolve, reorganize, end my business or
     existence,  or  a  partner  or  majority  owner dies or is declared legally
     incompetent.

     D.  FAILURE  TO  PERFORM.  I  fail  to perform any condition or to keep any
     promise  or  covenant  of  this  Note.

     E.  OTHER  DOCUMENTS.  A  default  occurs  under  the  terms  of  any other
     transaction  document.

     F.  OTHER AGREEMENTS. I am in default on any other debt or agreement I have
     with  you.

     G. MISREPRESENTATION. I make any verbal or written statement or provide any
     financial  information  that  is untrue, inaccurate, or conceals a material
     fact  at  the  time  it  is  made  or  provided.

     H.  JUDGMENT.  I  fail  to  satisfy  or  appeal  any  judgment  against me.

     I.  FORFEITURE.  The  Property  is  used  in a manner or for a purpose that
     threatens  confiscation  by  a  legal  authority.

     J.  NAME  CHANGE.  I  change  my  name or assume an additional name without
     notifying  you  before  making  such  a  change.

     K.  PROPERTY  TRANSFER. I transfer all or a substantial part of my money or
     property.

     L.  PROPERTY  VALUE.  The  value  of  the Property declines or is impaired.

     M. MATERIAL CHANGE. Without first notifying you, there is a material change
     in  my business. including ownership, management, and financial conditions.

     N.  INSECURITY.  You  reasonably  believe  that  you  are  insecure.

11.  WAIVERS  AND CONSENT. To the extent not prohibited by law, I waive protest,
presentment  for  payment,  demand,  notice of acceleration, notice of intent to
accelerate  and  notice  of  dishonor.

     A.  ADDITIONAL  WAIVERS  BY BORROWER. In addition, I, and any party to this
     Note  and  Loan, to the extent permitted by law, consent to certain actions
     you  may  take, and generally waive defenses that may be available based on
     these  actions  or  based  on  the  status  of  a  party  to  this  Note.

          (1)  You  may renew or extend payments on this Note, regardless of the
          number  of  such  renewals  or  extensions.

          (2)  You  may  release  any  Borrower,  endorser.  guarantor,  surety,
          accommodation  maker  or  any  other  co-signer.

          (3)  You  may release, substitute or impair any Property securing this
          Note.

          (4)  You,  or  any  institution participating in this Note, may invoke
          your  right  of  set-off.

          (5)  You  may  enter  into any sales, repurchases or participations of
          this  Note  to  any  person  in any amounts and I waive notice of such
          sales,  repurchases  or  participations.

          (6)  I  agree  that  any  of  us  signing  this  Note as a Borrower is
          authorized  to  modify  the  terms  of  this  Note  or  any instrument
          securing,  guarantying  or  relating  to  this  Note.

          (7)  I agree that you may inform any party who guarantees this Loan of
          any  Loan  accommodations,  renewals,  extensions,  modifications,
          substitutions  or  future  advances.

     B.  NO  WAIVER BY LENDER. Your course of dealing, or your forbearance from,
     or  delay  in,  the exercise of any of your rights, remedies, privileges or
     right  to  insist upon my strict performance of any provisions contained in
     this  Note,  or other Loan documents, shall not be construed as a waiver by
     you,  unless  any  such  waiver  is  in  writing  and  is  signed  by  you.

12.  REMEDIES.  After  I default, and after you give any legally required notice
and  opportunity  to cure the default, you may at your option do any one or more
of  the  following.

     A.  ACCELERATION.  You  may make all at any part of the amount owing by the
     terms  at  this  Note  immediately  due.

     B.  SOURCES.  You  may  use  any  and  all remedies you have under state or
     federal  law  or  in  any  instrument  securing  this  Note.

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
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                                          St. Cloud, MN  Expere(TM)      Page  3
<PAGE>
     C.  INSURANCE  BENEFITS.  You  may  make  a claim for any and all insurance
     benefits  or  refunds  that  may  be  available  on  my  default.

     D.  PAYMENTS  MADE  ON  MY  BEHALF.  Amounts  advanced on my behalf will be
     immediately  due  and  may be added to the balance owing under the terms of
     this  Note, and accrue interest at the highest post-maturity interest rate.

     E.  TERMINATION.  You  may  terminate  my  right to obtain advances and may
     refuse  to  make  any  further  extensions  of  credit.

     F.  ATTACHMENT.  You  may  attach  or  garnish  my  wages  or  earnings.

     G.  SET-OFF.  You  may use the right of set-off. This means you may set-off
     any amount due and payable under the terms of this Note against any right I
     have  to  receive  money  from  you.

     My  right  to  receive money from you includes any deposit or share account
     balance  I  have with you; any money owed to me on an item presented to you
     or  in  your  possession  for  collection  or  exchange; and any repurchase
     agreement  or  other  non-deposit  obligation.  "Any amount due and payable
     under  the  terms  of  this  Note"  means the total amount to which you are
     entitled  to  demand  payment  under the terms of this Note at the time you
     set-off.

     Subject  to  any  other written contract, if my right to receive money from
     you  is  also  owned  by  someone who has not agreed to pay this Note, your
     right  of  set-off  will  apply to my interest in the obligation and to any
     other  amounts  I  could  withdraw  on  my  sole  request  or  endorsement.

     Your  right  of  set-off  does  not apply to an account or other obligation
     where  my  rights arise only in a representative capacity. It also does not
     apply to any Individual Retirement Account or other tax-deferred retirement
     account.

     You  will  not  be  liable  for the dishonor of any check when the dishonor
     occurs  because you set-off against any of my accounts. I agree to hold you
     harmless  from any such claims arising as a result of your exercise of your
     right  of  set-off.

     H. WAIVER. Except as otherwise required by law, by choosing any one or more
     of  these  remedies  you do not give up your right to use any other remedy.
     You  do  not waive a default if you choose not to use a remedy. By electing
     not  to  use  any remedy, you do not waive your right to later consider the
     event  a default and to use any remedies if the default continues or occurs
     again.

13.  COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent
permitted  by  law,  I  agree  to pay all expenses of collection, enforcement or
protection  of  your  rights and remedies under this Note. Expenses include, but
are  not  limited to, attorneys' fees, court costs, and other legal expenses. If
this  debt is collected by or through an attorney after maturity, I agree to pay
15  percent  of  the  Principal  and  interest  owing  as attorneys' fees. These
expenses  are  due  and  payable  immediately.  If  not  paid immediately, these
expenses  will  bear interest from the date of payment until paid in full at the
highest  interest  rate in effect as provided for in the terms of this Note. All
fees and expenses will be secured by the Property I have granted to you, if any.
To the extent permitted by the United States Bankruptcy Code, I agree to pay the
reasonable  attorneys'  fees  you  incur  to collect this Debt as awarded by any
court  exercising  jurisdiction  under  the  Bankruptcy  Code.

14.  WARRANTIES  AND REPRESENTATIONS. I make to you the following warranties and
representations  which  will  continue  as  long  as  this  Note  is  in effect:

     A. POWER. I am duly organized, and validly existing and in good standing in
     all  jurisdictions  in  which  I operate. I have the power and authority to
     enter  into  this transaction and to carry on my business or activity as it
     is  now  being  conducted and, as applicable, am qualified to do so in each
     jurisdiction  in  which  I  operate.

     B.  AUTHORITY. The execution, delivery and performance of this Note and the
     obligation  evidenced  by  this  Note  are within my powers, have been duly
     authorized,  have  received  all  necessary governmental approval, will not
     violate any provision of law, or order of court or governmental agency, and
     will  not  violate  any agreement to which I am a party or to which I am or
     any  of  my  Property  is  subject.

     C.  NAME  AND PLACE OF BUSINESS. Other than previously disclosed in writing
     to you I have not changed my name or principal place of business within the
     last 10 years and have not used any other trade or fictitious name. Without
     your  prior  written  consent, I do not and will not use any other name and
     will  preserve  my  existing  name,  trade  names  and  franchises.

15.  APPLICABLE  LAW.  This  Note is governed by the laws of Georgia, the United
States  of  America  and to the extent required, by the laws of the jurisdiction
where  the  Property is located. In the event of a dispute, the exclusive forum,
venue and place of jurisdiction will be in Georgia, unless otherwise required by
law.

16.  JOINT  AND  INDIVIDUAL  LIABILITY AND SUCCESSORS. My obligation to pay this
Loan is independent of the obligation of any other person who has also agreed to
pay  it.  You may sue me alone, or anyone else who is obligated on this Loan, or
any  number  of  us  together,  to collect this Loan. Extending this Loan or new
obligations  under this Loan, will not affect my duty under this Loan and I will
still  be  obligated to pay this Loan. The duties and benefits of this Loan will
bind  and  benefit  the  successors  and  assigns  of  you  and  me.

17.  AMENDMENT,  INTEGRATION  AND  SEVERABILITY. This Note may not be amended or
modified  by  oral  agreement.  No  amendment  or  modification  of this Note is
effective  unless  made  in writing and executed by you and me. This Note is the
complete and final expression of the agreement. If any provision of this Note is
unenforceable,  then  the  unenforceable  provision  will  be  severed  and  the
remaining  provisions  will  still  be  enforceable.

18.  INTERPRETATION.  Whenever  used,  the  singular includes the plural and the
plural  includes the singular. The section headings are for convenience only and
are  not  to  be  used  to  interpret  or  define  the  terms  of  this  Note.

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Promissory  Note                                          Initials  ___
GA/4kabstanc00505900003326014073001N      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  4
<PAGE>
19.  NOTICE,  FINANCIAL  REPORTS  AND  ADDITIONAL  DOCUMENTS.  Unless  otherwise
required  by  law,  any  notice  will be given by delivering it or mailing it by
first  class  mail  to  the  appropriate  party's address listed in the DATE AND
PARTIES  section,  or  to any other address designated in writing. Notice to one
party  will  be deemed to be notice to all parties. I will inform you in writing
of  any  change  in  my  name,  address or other application information. I will
provide  you  any  financial statement or information you request. All financial
statements  and  information I give you will be correct and complete. I agree to
sign,  deliver, and file any additional documents or certifications that you may
consider  necessary to perfect, continue, and preserve my obligations under this
Loan  and  to  confirm your lien status on any Property. Time is of the essence.

20.  CREDIT  INFORMATION.  I  agree that from time to time you may obtain credit
information  about  me from others, including other lenders and credit reporting
agencies,  and  report to others (such as a credit reporting agency) your credit
experience  with  me.  I agree that you will not be liable for any claim arising
from  the  use  of  information  provided to you by others or for providing such
information  to  others.

21.  SIGNATURES.  By  signing under seal, I agree to the terms contained in this
Note.  I  also  acknowledge  receipt  of  a  copy  of  this  Note.

BORROWER:

     Generations  Bank,  In-Organization

          ____________________________________  (SEAL)
          David  K.  George,  Organizer

          ____________________________________  (SEAL)
          Richard  J.  Browning,  Organizer

          (Attest)

LENDER:

     Nexity  Bank  -  Atlanta  LPO

          ____________________________________  (SEAL)
          Jack  Gardner

          (Attest)

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Promissory  Note                                          Initials  ___
GA/4kabstanc00505900003326014073001N      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  5
<PAGE>
                                    GUARANTY

                           (Continuing Debt - Limited)
--------------------------------------------------------------------------------

DATE  AND PARTIES.  The date of this Guaranty is July 31, 2001.  The parties and
their  addresses  are:

     LENDER:
          NEXITY  BANK  -  ATLANTA  LPO
          2839  Paces  Ferry  Road
          Suite  340
          Atlanta,  Georgia  30339
          Telephone:  (678)  556-0700

     BORROWER:
          GENERATIONS  BANK,  IN-ORGANIZATION
          a  Corporation
          199-D  Highway  515
          Blairsville,  Georgia  30512

     GUARANTOR:
          JEFFERY  H  HALL
          1956  Blood  Mountain  Cove  Road
          Blairsville,  Georgia  30215

1. DEFINITIONS. As used in this Guaranty, the terms have the following meanings:

     A.  PRONOUNS.  The  pronouns  "I",  "me"  and  "my" refer to all persons or
     entities signing this Guaranty, individually and together with their heirs,
     successors  and  assigns.  "You"  and  "your" refer to the Lender, with its
     participants  or  syndicators,  successors  and  assigns,  or any person or
     company  that  acquires  an  interest  in  the  Debt.

     B.  NOTE.  "Note"  refers  to  the  document  that evidences the Borrower's
     indebtedness, and any extensions, renewals, modifications and substitutions
     of  the  Note.

     C.  DEBT.  "Debt"  refers  to  debts,  liabilities,  and obligations of the
     Borrower  (including,  but  not limited to, amounts agreed to be paid under
     the  terms  of  any  notes  or agreements securing the payment of any debt,
     loan,  liability  or obligation, overdrafts, letters of credit, guaranties.
     advances  for  taxes,  insurance,  repairs and storage, and all extensions,
     renewals,  refinancings  and  modifications  of  these  debts)  whether now
     existing  or  created  or  incurred in the future, due or to become due, or
     absolute  or  contingent, including obligations and duties arising from the
     terms  of  all  documents prepared or submitted for the transaction such as
     applications,  security  agreements,  disclosures,  the  Note,  and  this
     Guaranty.  Debt  does  not include any obligations incurred by the Borrower
     after  the date of this Guaranty for which the Borrower meets your standard
     of  creditworthiness  based on the Borrower's own assets and income without
     the  addition  of a guaranty or for which, although you require a guaranty,
     the  Borrower  chooses  someone  other  than me to guaranty the obligation.

     D.  PROPERTY.  "Property" means any property, real, personal or intangible,
     that  secures  performance  of  the  obligations of the Note, Debt, or this
     Guaranty.

2.  AGREEMENT  TO GUARANTY. For good and valuable consideration, the receipt and
sufficiency  of which is hereby acknowledged, and to induce you, at your option,
to make loans or engage in any other transactions with the Borrower from time to
time,  I absolutely and unconditionally promise to pay and guaranty the full and
prompt  payment  of  the  following  Debt  when due (whether at maturity or upon
acceleration),  including  without  limitation, all principal, accrued interest,
attorneys'  fees  and collection costs, when allowed by law, that may become due
from  the  Borrower to you in collecting the Debt and in enforcing this Guaranty
and  all  other  agreements  with  respect  to  the  Borrower.

3.  SPECIFIC AND FUTURE DEBT GUARANTY. I absolutely and unconditionally agree to
all  terms of and guarantee to you the payment and performance of each and every
Debt,  of  every  type,  purpose  and  description  that  the  Borrower  either
individually,  among  all or a portion of themselves, or with others, may now or
at  any  time in the future owe you, including, but not limited to the following
described  Debt(s):  Promissory Note in the amount of $300,000.00 dated July 31,
2001.

I  guaranty  the  Debt  up  to  the principal amount of $300,000.00 plus accrued
interest,  attorneys'  fees  and  collection costs, when allowed by law, and all
other  amounts  agreed  to  be paid under all agreements evidencing the Debt and
securing  the payment of the Debt.  You may, without notice, apply this Guaranty
to  such  Debt  of  the  Borrower  as  you  may  select  from  time  to  time.

4.  EXTENSIONS.  I  consent  to  all  renewals,  extensions,  modifications  and
substitutions  of  the  Debt  which  may  be  made  by  you  upon such terms and
conditions as you may see fit from time to time without further notice to me and
without  limitation  as  to the number of renewals, extensions, modifications or
substitutions.

5.  PRIMARY  LIABILITY. I am primarily liable under this Guaranty, regardless of
whether or not you pursue any of your remedies against the Borrower, against any
other  maker, surety, guarantor or endorser of the Debt or against any Property.
You  may  sue me alone, or anyone else who is obligated on this Guaranty, or any
number  of  us  together,  to  collect  the  Debt.  My  liability  is

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Guaranty                                                  Initials  ___
GA/4kabstanc00505900003326015091701Y      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  1
<PAGE>
not  conditioned on the signing of this Guaranty by any other person and further
is  not subject to any condition not expressly set forth in this Guaranty or any
instrument executed in connection with the Debt.  My obligation to pay according
to  the  terms  of  this  Guaranty  shall  not  be  affected  by the illegality,
invalidity  or  unenforceability of any notes or agreements evidencing the Debt,
the  violation of any applicable usury laws, forgery, or any other circumstances
which  make  the indebtedness unenforceable against the Borrower.  I will remain
obligated  to  pay on this Guaranty even if any other person who is obligated to
pay  the  Debt,  including  the  Borrower,  has  such  obligation  discharged in
bankruptcy,  foreclosure,  or  otherwise  discharged  by  law.

6.  BANKRUPTCY.  If  a  bankruptcy  petition  should  at any time be filed by or
against  the  Borrower,  the  maturity  of  the  Debt, so far as my liability is
concerned, shall be accelerated and the Debt shall be immediately payable by me.
I  acknowledge  and  agree that this Guaranty, and the Debt secured hereby, will
remain  in  full  force  and  effect at all times, notwithstanding any action or
undertakings by, or against, you or against any Property, in connection with any
obligation in any proceeding in the United States Bankruptcy Courts. Such action
or  undertaking includes, without limitation, valuation of Property, election of
remedies  or imposition of secured or unsecured claim status upon claims by you,
pursuant to the United States Bankruptcy Code, as amended. In the event that any
payment  of  principal  or  interest  received  and paid by any other guarantor,
borrower,  surety,  endorser or co-maker is deemed, by final order of a court of
competent  jurisdiction, to have been a voidable preference under the bankruptcy
or  insolvency  laws  of the United States or otherwise, then my obligation will
remain  as  an  obligation  to  you  and  will  not be considered as having been
extinguished.

7.  REVOCATION.  I  agree that this is an absolute and unconditional Guaranty. I
agree that this Guaranty will remain binding on me, whether or not there are any
debts  outstanding,  until  you  have  actually  received  written  notice of my
revocation  or  written notice of my death or incompetence. Notice of revocation
or  notice of my death or incompetence will not affect my obligations under this
Guaranty  with  respect  to  any  Debts incurred by or for which you have made a
commitment  to  Borrower  before  you  actually  receive  such  notice,  and all
renewals,  extensions,  refinancings,  and  modifications of such Debts. I agree
that  if  any other person signing this Guaranty provides a notice of revocation
to  you,  I  will  still be obligated under this Guaranty until I provide such a
notice  of  revocation to you. If any other person signing this Guaranty dies or
is  declared  incompetent,  such  fact will not affect my obligations under this
Guaranty.

8.  PROPERTY.  I agree that any Property may be assigned, exchanged, released in
whole  or  in  part  or  substituted without notice to me and without defeating,
discharging  or  diminishing  my  liability.  My obligation is absolute and your
failure  to  perfect  any  security interest or any act or omission by you which
impairs  the  Property  will not relieve me or my liability under this Guaranty.
You  are  under  no  duty  to  preserve or protect any Property until you are in
actual or constructive possession. For purposes of this paragraph, you will only
be  in  "actual"  possession  when  you  have  physical, immediate and exclusive
control  over  the  Property and have accepted such control in writing. Further,
you  will  only  be deemed to be in "constructive" possession when you have both
the  power  and  intent  to  exercise  control  over  the  Property.

9.  DEFAULT.  I  will  be  in  default  if  any  of  the  following  occur:

     A.  PAYMENTS.  I  fail  to  make  a  payment  in  full  when  due.

     B.  INSOLVENCY  OR  BANKRUPTCY.  I  make  an  assignment for the benefit of
     creditors  or  become  insolvent,  either  because my liabilities exceed my
     assets or I am unable to pay my debts as they become due; or I petition for
     protection  under  federal, state or local bankruptcy, insolvency or debtor
     relief  laws, or am the subject of a petition or action under such laws and
     fail to have the petition or action dismissed within a reasonable period of
     time  not  to  exceed  60  days.

     C.  DEATH  OR  INCOMPETENCY.  I  die  or  am  declared legally incompetent.

     D.  FAILURE  TO  PERFORM.  I  fail  to perform any condition or to keep any
     promise  or  covenant  of  this  Guaranty.

     E.  OTHER  DOCUMENTS.  A  default  occurs  under  the  terms  of  any other
     transaction  document.

     F.  OTHER AGREEMENTS. I am in default on any other debt or agreement I have
     with  you.

     G. MISREPRESENTATION. I make any verbal or written statement or provide any
     financial  information  that  is untrue, inaccurate, or conceals a material
     fact  at  the  time  it  is  made  or  provided.

     H.  JUDGMENT.  I  fail  to  satisfy  or  appeal  any  judgment  against me.

     I.  FORFEITURE.  The  Property  is  used  in a manner or for a purpose that
     threatens  confiscation  by  a  legal  authority.

     J.  NAME  CHANGE.  I  change  my  name or assume an additional name without
     notifying  you  before  making  such  a  change.

     K.  PROPERTY  TRANSFER. I transfer all or a substantial part of my money or
     property.

     L.  PROPERTY  VALUE.  The  value  of  the Property declines or is impaired.

     M.  INSECURITY.  You  reasonably  believe  that  you  are  insecure.

10.  WAIVERS  AND CONSENT. To the extent not prohibited by law, I waive protest,
presentment  for  payment,  demand,  notice of acceleration, notice of intent to
accelerate  and  notice  of  dishonor.

     A.  ADDITIONAL  WAIVERS.  In  addition,  to  the extent permitted by law, I
     consent  to certain actions you may take, and generally waive defenses that
     may  be  available based on these actions or based on the status of a party
     to  the  Debt  or  this  Guaranty.

          (1)  You  may  renew or extend payments on the Debt, regardless of the
          number  of  such  renewals  or  extensions.

          (2)  You  may  release  any  Borrower,  endorser,  guarantor,  surety,
          accommodation  maker  or  any  other  co-signer.

          (3)  You  may  release, substitute or impair any Property securing the
          Debt.

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Guaranty                                                  Initials  ___
GA/4kabstanc00505900003326015091701Y      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  2
<PAGE>
          (4) You, or any institution participating in the Debt, may invoke your
          right  of  set-off.

          (5) You may enter into any sales, repurchases or participations of the
          Debt  to  any  person in any amounts and I waive notice of such sales,
          repurchases  or  participations.

          (6) I agree that the Borrower is authorized to modify the terms of the
          Debt  or any instrument securing, guarantying or relating to the Debt.

          (7)  You  may undertake a valuation of any Property in connection with
          any proceedings under the United States Bankruptcy Code concerning the
          Borrower  or  me,  regardless of any such valuation, or actual amounts
          received  by  you  arising  from  the  sale  of  such  Property.

          (8)  I  agree to consent to any waiver granted the Borrower, and agree
          that any delay or lack of diligence in the enforcement of the Debt, or
          any  failure  to file a claim or otherwise protect any of the Debt, in
          no  way  affects  or  impairs  my  liability.

          (9) I agree to waive reliance on any anti-deficiency statutes, through
          subrogation or otherwise, and such statutes in no way affect or impair
          my  liability.  In  addition,  I  waive  any  right  of  subrogation,
          contribution,  reimbursement,  indemnification,  exoneration,  and any
          other  right I may have to enforce any remedy which you now have or in
          the future may have against the Borrower or another guarantor or as to
          any  Property.

          Any  Guarantor  who  is  an  "insider,"  as contemplated by the United
          States Bankruptcy Code, 11 U.S.C. 101, as amended, makes these waivers
          permanently.  (An insider includes, among others, a director, officer,
          partner,  or  other  person in control of the Borrower, a person or an
          entity  that is a co-partner with the Borrower, an entity in which the
          Borrower  is  a  general partner, director, officer or other person in
          control  or  a  close  relative  of  any  of these other persons.) Any
          Guarantor  who is not an insider makes these waivers until all Debt is
          fully  repaid.

     B.  NO  WAIVER BY LENDER. Your course of dealing, or your forbearance from,
     or  delay  in,  the exercise of any of your rights, remedies, privileges or
     right  to  insist upon my strict performance of any provisions contained in
     the Debt instruments, shall not be construed as a waiver by you, unless any
     such  waiver  is  in  writing  and  is  signed  by  you.

     C.  WAIVER  OF CLAIMS. I waive all claims for loss or damage caused by your
     acts  or  omissions  where  you  acted  reasonably  and  in  good  faith.

11.  REMEDIES.  After  the Borrower or I default, and after you give any legally
required  notice  and opportunity to cure the default, you may at your option do
any  one  or  more  of  the  following.

     A.  ACCELERATION.  You  may make all or any part of the amount owing by the
     terms  of  this  Guaranty  immediately  due.

     B.  SOURCES.  You  may  use  any  and  all remedies you have under state or
     federal  law  or  in  any  instrument  securing  the  Debt.

     C.  INSURANCE  BENEFITS.  You  may  make  a claim for any and all insurance
     benefits  or  refunds  that  may  be  available  on  default.

     D.  PAYMENTS  MADE  ON  THE  BORROWER'S  BEHALF.  Amounts  advanced  on the
     Borrower's  behalf  will be immediately due and may be added to the balance
     owing  under  the  Debt.

     E.  TERMINATION.  You  may  terminate  my  right to obtain advances and may
     refuse  to  make  any  further  extensions  of  credit.

     F.  ATTACHMENT.  You  may  attach  or  garnish  my  wages  or  earnings.

     G.  SET-OFF.  You  may use the right of set-off. This means you may set-off
     any  amount  due  and  payable under the terms of this Guaranty against any
     right  I  have  to  receive  money  from  you.

     My  right  to  receive money from you includes any deposit or share account
     balance  I  have with you; any money owed to me on an item presented to you
     or  in  your  possession  for  collection  or  exchange; and any repurchase
     agreement  or  other  non-deposit  obligation.  "Any amount due and payable
     under  the  terms of this Guaranty" means the total amount to which you are
     entitled to demand payment under the terms of this Guaranty at the time you
     set-off.

     Subject  to  any  other written contract, if my right to receive money from
     you is also owned by someone who has not agreed to pay the Debt, your right
     of  set-off  will  apply  to my interest in the obligation and to any other
     amounts  I  could  withdraw  on  my  sole  request  or  endorsement.

     Your  right  of  set-off  does  not apply to an account or other obligation
     where  my  rights arise only in a representative capacity. It also does not
     apply to any Individual Retirement Account or other tax-deferred retirement
     account.

     You  will  not  be  liable  for the dishonor of any check when the dishonor
     occurs  because you set-off against any of my accounts. I agree to hold you
     harmless  from any such claims arising as a result of your exercise of your
     right  of  set-off.

     H. WAIVER. Except as otherwise required by law, by choosing any one or more
     of  these  remedies  you do not give up your right to use any other remedy.
     You  do  not waive a default if you choose not to use a remedy. By electing
     not  to  use  any remedy, you do not waive your right to later consider the
     event  a default and to use any remedies if the default continues or occurs
     again.

12.  COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent
permitted  by  law,  I  agree  to pay all expenses of collection, enforcement or
protection  of  your  rights  and remedies under this Guaranty or any instrument
executed  in  connection  with  the  creation  of  any  Debt  guarantied by this
Guaranty.  All  fees and expenses will be secured by the Property I have granted
you,  if  any.  To  the extent permitted by the United States Bankruptcy Code, I
agree  to  pay  the  reasonable  attorneys'  fees  you incur to collect the Debt
guarantied  by  this  Guaranty  as  awarded by any court exercising jurisdiction
under  the  Bankruptcy  Code.

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Guaranty                                                  Initials  ___
GA/4kabstanc00505900003326015091701Y      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  3
<PAGE>
13. WARRANTIES AND REPRESENTATIONS. I have the right and authority to enter into
this  Guaranty. The execution and delivery of this Guaranty will not violate any
agreement  governing  me  or  to  which  I  am  a  party.

In  addition, I represent and warrant that this Guaranty was entered into at the
request  of  the  Borrower,  and  that  I  am satisfied regarding the Borrower's
financial  condition  and existing indebtedness, authority to borrow and the use
and  intended  use of all Debt proceeds.  I further represent and warrant that I
have  not relied on any representations or omissions from you or any information
provided  by you respecting the Borrower, the Borrower's financial condition and
existing  indebtedness, the Borrower's authority to borrow or the Borrower's use
and  intended  use  of  all  Debt  proceeds.

14.  RELIANCE.  I acknowledge that you are relying on this Guaranty in extending
credit  to the Borrower, and I have signed this Guaranty to induce you to extend
such credit. I represent and warrant to you that I have a direct and substantial
economic interest in the Borrower and expect to derive substantial benefits from
any loans and financial accommodations resulting in the creation of indebtedness
guaranteed  hereby.  I  agree  to  rely  exclusively on the right to revoke this
Guaranty  prospectively  as  to  future transactions in the manner as previously
described  in  this  Guaranty  if  at any time, in my opinion, the benefits then
being  received  by  me  in  connection with this Guaranty are not sufficient to
warrant  the  continuance  of  this  Guaranty.  You  may  rely conclusively on a
continuing  warranty  that  I  continue to be benefited by this Guaranty and you
will  have  no duty to inquire into or confirm the receipt of any such benefits,
and this Guaranty will be effective and enforceable by you without regard to the
receipt,  nature  or  value  of  any  such  benefits.

15. APPLICABLE LAW. This Guaranty is governed by the laws of Georgia, the United
States  of  America  and to the extent required, by the laws of the jurisdiction
where  the  Property  is  located.

16. AMENDMENT, INTEGRATION AND SEVERABILITY. This Guaranty may not be amended or
modified  by  oral  agreement.  No amendment or modification of this Guaranty is
effective  unless  made  in writing and executed by you and me. This Guaranty is
the  complete  and  final  expression of the agreement. If any provision of this
Guaranty  is unenforceable, then the unenforceable provision will be severed and
the  remaining  provisions  will  still  be  enforceable.

17.  INTERPRETATION.  Whenever  used,  the  singular includes the plural and the
plural  includes the singular. The section headings are for convenience only and
are  not  to  be  used  to  interpret  or  define  the  terms  of this Guaranty.

18.  NOTICE,  FINANCIAL  REPORTS  AND  ADDITIONAL  DOCUMENTS.  Unless  otherwise
required  by  law,  any  notice  will be given by delivering it or mailing it by
first  class  mail  to  the  appropriate  party's address listed in the DATE AND
PARTIES  section,  or  to any other address designated in writing. Notice to one
party  will  be deemed to be notice to all parties. I will inform you in writing
of  any  change  in  my  name,  address or other application information. I will
provide  you  any  financial statement or information you request. All financial
statements  and  information I give you will be correct and complete. I agree to
sign,  deliver, and file any additional documents or certifications that you may
consider  necessary to perfect, continue, and preserve my obligations under this
Guaranty  and  to  confirm  your  lien  status  on  any Property. Time is of the
essence.

19.  CREDIT  INFORMATION.  I  agree that from time to time you may obtain credit
information  about  me from others, including other lenders and credit reporting
agencies,  and  report to others (such as a credit reporting agency) your credit
experience  with  me.  I agree that you will not be liable for any claim arising
from  the  use  of  information  provided to you by others or for providing such
information  to  others.

20.  SIGNATURES.  By  signing under seal, I agree to the terms contained in this
Guaranty.  I  also  acknowledge  receipt  of  a  copy  of  this  Guaranty.

     GUARANTOR:

               ____________________________________  (SEAL)
               Jeffery  H  Hall

     LENDER:

          Nexity  Bank  -  Atlanta  LPO

               ____________________________________  (SEAL)
               Jack  Gardner

               ____________________________________
               (Attest)

--------------------------------------------------------------------------------
Generations  Bank,  In-Organization
Georgia  Guaranty                                                  Initials  ___
GA/4kabstanc00505900003326015091701Y      1996 Bankers Systems, Inc.,
                                          St. Cloud, MN  Expere(TM)      Page  4
<PAGE>

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