Document:

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                                                                    EXHIBIT 10.6

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT (this "Agreement"), is made and entered into
as of April 26, 2001 by and among Michael E. Viers, a resident of the State of
Georgia ("Employee"), Citizens & Southern Bank, a proposed Georgia state banking
corporation ("Employer") and C & S Bancorporation, Inc., a Georgia corporation
and sole shareholder of Employer (the "Company").

                                   WITNESSETH:

         WHEREAS, Employer and Employee each deem it necessary and desirable,
for their mutual protection, to execute a written document setting forth the
terms and conditions of their employment relationship;

         NOW, THEREFORE, in consideration of the employment of Employee by
Employer, of the premises and the mutual promises and covenants contained
herein, and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, agree as follows:

         1.       Employment and Duties. Employer hereby employs Employee to
serve as Executive Vice President and Senior Lender of Employer and the Company
and to perform such other duties and responsibilities as customarily performed
by persons acting in such capacity. During the term of this Agreement, Employee
will devote his full time and effort to his duties hereunder. Employee shall
perform his duties in Chatham County, Georgia.

         2.       Term. Subject to the provisions of Section 12 of this
Agreement, the period of Employee's employment under this Agreement shall be
deemed to have commenced as of the

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date hereof and shall continue for a period of 60 calendar months thereafter (i)
unless Employee dies before the end of such 60 months or (ii) Employer is not
successful in obtaining final opening approvals (the "Final Approvals") from the
Department of Banking and Finance of the State of Georgia (the "Georgia
Department") and the Federal Deposit Insurance Corporation (the "FDIC"). In
either case, the period of employment shall continue until the end of the month
of Employee's death or the inability to obtain the Georgia Department's and
FDIC's Final Approvals. The period of employment shall automatically be extended
for additional one year terms on each March 1 without further action by the
parties, commencing on March 1, 2006 and each March 1 thereafter. No such
automatic extension shall occur if either party shall, within 90 days prior to
any said anniversary, have given written notice to the other of its intention
that this Agreement shall not be so extended.

         3.       Compensation. For all services to be rendered by Employee
during the term of this Agreement, Employer shall pay Employee in accordance
with the terms set forth in Exhibit A, net of applicable withholdings, payable
in semi-monthly installments.

         4.       Expenses. So long as Employee is employed hereunder, Employee
is entitled to receive reimbursement for, or seek payment directly by Employer
of, all reasonable expenses which are consistent with the normal policy of
Employer in the performance of Employee's duties hereunder, provided that
Employee accounts for such expenses in writing.

         5.       Employee Benefits. So long as Employee is employed hereunder,
Employee shall be entitled to participate in the various employee benefit
programs adopted by Employer and the Company from time to time.

         6.       Vacation. Employee shall be entitled to four (4) weeks annual
vacation.

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         7.       Confidentiality. In Employee's position as an employee of
Employer, Employee has had and will have access to confidential information,
trade secrets and other proprietary information of vital importance to Employer
and the Company and has and will also develop relationships with customers,
employees and others who deal with Employer or the Company which are of value to
Employer and the Company. Employer requires, as a condition to Employee's
employment with Employer, that Employee agree to certain restrictions on
Employee's use of the proprietary information and valuable relationships
developed during Employee's employment with Employer. In consideration of the
terms and conditions contained herein, the parties hereby agree as follows:

                  7.1      Employer and Employee mutually agree and acknowledge
that Employer and the Company may entrust Employee with highly sensitive,
confidential, restricted and proprietary information concerning various Business
Opportunities (as hereinafter defined), customer lists, and personnel matters.
Employee acknowledges that he shall bear a fiduciary responsibility to Employer
and the Company to protect such information from use or disclosure response that
is not necessary for the performance of Employee's duties hereunder, as an
essential incident of Employee's employment with Employer.

                  7.2      For the purposes of this Section 7, the following
definitions shall apply:

                           7.2.1    "Trade Secret" shall mean the identity and
addresses of customers of Employer or the Company, the whole or any portion or
phase of any scientific or technical information, design, process, procedure,
formula or improvement that is valuable and secret (in the sense that it is not
generally known to competitors of Employer or the Company) and which is defined
as a "trade secret" under Georgia law pursuant to the Georgia Trade Secrets Act.

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                           7.2.2    "Confidential Information" shall mean any
data or information, other than Trade Secrets, which is material to Employer or
the Company and not generally known by the public. Confidential Information
shall include, but not be limited to, Business Opportunities of Employer or the
Company (as hereinafter defined), the details of this Agreement, Employer's or
the Company's business plans and financial statements and projections,
information as to the capabilities of Employer's or the Company's employees,
their respective salaries and benefits and any other terms of their employment
and the costs of the services Employer or the Company may offer or provide to
the customers it serves, to the extent such information is material to Employer
or the Company and not generally known by the public.

                           7.2.3    "Business Opportunities" shall mean any
specialized information or plans of Employer or the Company concerning the
provision of financial services to the public, together with all related
information concerning the specifics of any contemplated financial services
regardless of whether Employer has contacted or communicated with such target
person or business.

                           7.2.4    Notwithstanding the definitions of Trade
Secrets, Confidential Information, and Business Opportunities set forth above,
Trade Secrets, Confidential Information, and Business Opportunities shall not
include any information:

                                    (i)      that is or becomes generally known
to the public;

                                    (ii)     that is already known by Employee
or is developed by Employee after termination of employment through entirely
independent efforts;

                                    (iii)    that Employee obtains from an
independent source having a bona fide right to use and disclose such
information;

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                                    (iv)     that is required to be disclosed by
law, except to the extent eligible for special treatment under an appropriate
protective order; or

                                    (v)      that Employer's or the Company's
Board of Directors approves for release.

                  7.3      Employee shall not, without the prior approval of
Employer's or the Company's Board of Directors, during his employment with
Employer and for so long thereafter as the information or data remain Trade
Secrets, use or disclose, or negligently permit any unauthorized person who is
not an employee of Employer or the Company to use, disclose, or gain access to,
any Trade Secrets.

                  7.4      Employee shall not, without the prior written consent
of Employer or the Company, during his employment with Employer and for a period
of 24 months thereafter as long as the information or data remain competitively
sensitive, use or disclose, or negligently permit any unauthorized person who is
not employed by Employer or the Company to use, disclose, or gain access to, any
Confidential Information to which the Employee obtained access by virtue of his
employment with Employer, except as provided in Section 7.2 of this Agreement.

         8.       Observance of Security Measures. During Employee's employment
with Employer, Employee is required to observe all security measures adopted to
protect Trade Secrets, Confidential Information and Business Opportunities.

         9.       Return of Materials. Upon the request of Employer or the
Company and, in any event, upon the termination of his employment with Employer,
Employee shall deliver to Employer all memoranda, notes, records, manuals or
other documents, including all copies of

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such materials containing Trade Secrets or Confidential Information, whether
made or compiled by Employee or furnished to him from any source by virtue of
his employment with Employer.

         10.      Severability. Employee acknowledges and agrees that the
covenants contained in Sections 7 through 9 and Section 14 of this Agreement
shall be construed as covenants independent of one another and distinct from the
remaining terms and conditions of this Agreement, and severable from every other
contract and course of business by and among Employer, the Company and Employee,
and that the existence of any claim, suit or action by Employee against Employer
and/or the Company, whether predicated upon this Agreement or any other
agreement, shall not constitute a defense to Employer's or the Company's
enforcement of any covenant contained in Sections 7 through 9 and Section 14 of
this Agreement.

         11.      Specific Performance. Employee acknowledges and agrees that
the covenants contained in Sections 7 through 9 and Section 14 of this Agreement
shall survive any termination of employment, as applicable, with or without
Cause (as hereinafter defined), at the instigation or upon the initiative of any
party. Employee further acknowledges and agrees that the ascertainment of
damages in the event of Employee's breach of any covenant contained in Sections
7 through 9 and Section 14 of this Agreement would be difficult, if at all
possible. Employee therefore acknowledges and agrees that Employer and the
Company shall be entitled in addition to and not in limitation of any other
rights, remedies, or damages available to Employer and the Company in
arbitration, at law or in equity, upon submitting whatever affidavit the law may
require, and posting any necessary bond, to have a court of competent
jurisdiction enjoin Employee from committing any such breach.

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         12.      Termination.

                  12.1     During the term of this Agreement, Employee's
employment, including without limitation, all compensation, salary, expenses
reimbursement, and employee benefits may be terminated (i) at the election of
Employer for Cause; (ii) at Employee's election upon Employer's breach of any
material provision of this Agreement; (iii) upon Employee's death; or (iv) at
the election of either party, upon Employee's disability resulting in an
inability to perform the duties described in Section 1 of this Agreement for a
period of 90 consecutive days.

                  12.2     As used in this Agreement, "Cause" shall mean (i)
conduct by Employee that amounts to fraud, material dishonesty, gross negligence
or willful misconduct in the performance of her duties hereunder; (ii) the
conviction (from which no appeal may be, or is, timely taken) of Employee of a
felony; (iii) initiation of suspension or removal proceedings against Employee
by federal or state regulatory authorities acting under lawful authority
pursuant to provisions of federal or state law or regulation which may be in
effect from time to time; (iv) knowing violation of federal or state banking
laws or regulations; or (v) refusal to perform a duly authorized directive of
Employer's Board of Directors.

                  12.3     In the event the Employer's President determines that
the Employee should be terminated for Cause, the termination for Cause shall not
be effective unless it is approved by a two-thirds (2/3) vote of Employer's
Board of Directors, excluding the vote, if any, of Employee.

                  12.4     If this Agreement is terminated either pursuant to
Cause, Employee's death or Employee's disability, Employee shall receive no
further compensation or benefits, other than Employee's salary and other
compensation as accrued through the date of such termination.

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                  12.5     Notwithstanding any provisions hereof to the
contrary, if there occurs a Change in Control (as defined on Exhibit B) of the
Employer or the Company, Employee shall be entitled for a period of 90 days
after the date of closing of the transaction effecting such Change in Control to
deliver to the Employee or the Company written notice of termination of this
Agreement whereupon Employer shall pay Employee a lump sum cash payment in an
amount equal to the product of two times Employee's then current compensation
and benefits from Employer, including salary, bonuses, all perquisites, and all
other forms of compensation paid to Employee however characterized for the
fiscal year during the term of this Agreement for which such compensation was
highest. This payment shall be paid to Employee by Employer within 30 days after
the delivery of such notice of termination by Employee to Employer.

         13.      Notices. All notice provided for herein shall be in writing
and shall be deemed to be given when delivered in person or deposited in the
United States Mail, registered or certified, return receipt requested, with
proper postage prepaid and addressed as follows:

                     Employer and Company: C & S Bancorporation, Inc.
                                           P.O. Box 1248
                                           Savannah, Georgia 31402-1248
                                           Attn:  Mr. Brian R. Foster, Chairman

                     Employee:             Michael E. Viers
                                           129 East 50th Street
                                           Savannah, Georgia 31415.

         14.      Covenant Not to Compete, Not to Solicit and Not to Hire.

                  14.1     For purposes of this Section 14, Employer and
Employee conduct the following business in the following geographic areas:

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                           14.1.1   Employer is engaged in the business of
transacting business as a bank which accepts deposits, makes loans, cashes
checks and otherwise engages in the business of banking (collectively, the
"Business of Employer").

                           14.1.2   Employer currently conducts business from
its office located at 401 Mall Boulevard, Suite 101B Savannah, Georgia (the
"Main Office").

                           14.1.3   Employee has established business
relationships and performs the duties described in Section 1 of this Agreement
in the geographic area covered by a circle having a radius of 100 miles from the
Main Office, and will work primarily in such area while in the employ of
Employer.

                  14.2     Employee covenants and agrees that for a period of
two years after the termination of this Agreement for any reason other than
non-renewal of this Agreement by Employer or the Company on any anniversary date
or pursuant to Section 12.1(ii) of this Agreement, Employee shall not, directly
or indirectly, as principal, agent, trustee, consultant or through the agency of
any financial institution, corporation, partnership, association, trust or other
entity or person, on Employee's own behalf or for others, provide the duties
described in Section 1 of this Agreement for any entity or person conducting the
Business of Employer within the geographic area covered by a circle having a
radius of 50 miles from the Main Office.

                  14.3     During the term of this Agreement and for a period of
two years after the termination of this Agreement for any reason other than
non-renewal of this Agreement by Employer or the Company on any anniversary date
or pursuant to Section 12.1(ii) of this Agreement, Employee will not enter into,
and will not participate in, any plan or arrangement to cause any employee of
Employer to terminate his or her employment with Employer, and, Employee agrees
that for a period of at least two years after the termination of employment by

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any employee of Employer, Employee will not hire such employee in connection
with any business initiated by Employee or any other person, firm or
corporation. Employee further agrees that information as to the capabilities of
Employer's employees, their salaries and benefits, and any other terms of their
employment is Confidential Information and proprietary to Employer.

                  14.4     Employee and Employer shall periodically amend this
Agreement by updating the address referenced in Section 14.1.2 of this Agreement
so that it at all times lists the then current geographic area served by
Employer for which Employee performs the duties described in Section 1 of this
Agreement.

                  14.5     Notwithstanding any provision herein to the contrary,
the covenant not to compete and not to solicit set forth in Sections 14.2 and
14.3 shall be null and void in the event either (i) this Agreement is not
renewed by Employer or the Company on any anniversary date or (ii) terminated by
Employee pursuant to Section 12.1(ii) of this Agreement.

         15.      Miscellaneous.

                  15.1     This Agreement, together with Exhibit A, constitutes
and expresses the whole agreement of the parties in reference to the employment
of Employee by Employer, and there are no representations, inducements,
promises, agreements, arrangements, or undertakings oral or written, between the
parties other than those set forth herein.

                  15.2     This Agreement shall be governed by the laws of the
State of Georgia.

                  15.3     Should any clause or any other provision of this
Agreement be determined to be void or unenforceable for any reason, such
determination shall not affect the validity or enforceability of any clause or
provision of this Agreement, all of which shall remain in full force and effect.

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                  15.4     Time is of the essence in this Agreement.

                  15.5     This Agreement shall be binding upon and enure to the
benefit of the parties hereto and their successors and assigns. This Agreement
shall not be assignable by Employee without the prior written consent of
Employer.

                  15.6     This Agreement may be executed in multiple
counterparts, each of which shall be deemed an original and all of which taken
together shall constitute but a single instrument.

                   [Balance of page intentionally left blank.]

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         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first written above.

                                    "Employee"

                                    /s/ Michael E. Viers                  (SEAL)
                                    --------------------------------------
                                    Michael E. Viers

                                    "Employer"

                                    CITIZENS & SOUTHERN BANK, a proposed
                                    Georgia State Banking Corporation

                                    By: /s/ Brian R. Foster
                                        ----------------------------------------
                                    Title: President

                                    "Company"

                                    C & S BANCORPORATION, INC.

                                    By: /s/ Brian R. Foster
                                        ----------------------------------------
                                    Title: President

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                                    Exhibit A
                      to Employment Agreement By and Among
            Michael E. Viers, Citizens & Southern Bank (Proposed) and
                           C & S Bancorporation, Inc.

                              Employee Compensation

Capitalized terms used herein and not defined shall have the meanings set forth
in the Employment Agreement.

BASE SALARY: $100,000.00 per year subject to annual increases.

OPTION PLANS: Subject to shareholder approval of that certain incentive stock
option plan of C & S Bancorporation, Inc. (the "Company"), ten year incentive
stock options ("ISOs") to acquire 6,000 shares of the Company's common stock.
Granted at the initial offering price of the Company's common stock, vesting
over 3 years, 2,000 shares at the end of each year for the first three (3) years
of employment.

BONUS: Payable each January, in an amount approved by the Bank's President.

AUTO ALLOWANCE: $600.00 per month.

CLUB MEMBERSHIP: Monthly dues for Savannah Golf Club, or its equivalent, and
monthly dues for The Chatham Club, or its equivalent.

INSURANCE: Employee's and his dependents' health, hospitalization, and dental,
any other insurance plans as adopted by the Bank's Board of Directors for
employees of the Bank. In the event the Bank has not adopted such plans, the
Bank will pay or reimburse Employee's actual cost of the premiums for such
coverages in favor of Employee and his dependents.

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                                    Exhibit B
                      to Employment Agreement By and Among
            Michael E. Viers, Citizens & Southern Bank (Proposed) and
                           C & S Bancorporation, Inc.

"CHANGE IN CONTROL" shall mean:

         (a)      in any transaction, whether by merger, consolidation, asset
                  sale, tender offer, reverse stock split, or otherwise, which
                  results in the acquisition or beneficial ownership (as such
                  term is defined under rules and regulations promulgated under
                  the Securities Exchange Act of 1934, as amended) by any person
                  or entity or any group of persons or entities acting in
                  concert, of 50% or more of the outstanding shares of common
                  stock of the Company;

         (b)      the sale of all or substantially all of the assets of the
                  Company or the Employer; or

         (c)      the liquidation of the Employer or the Company.

                                       2<PAGE>   1
                                                                    EXHIBIT 10.7

                                 PROMISSORY NOTE

<TABLE>
<CAPTION>
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<S>             <C>           <C>            <C>           <C>            <C>           <C>           <C>            <C>
PRINCIPAL       LOAN DATE     MATURITY       LOAN NO       CALL           COLLATERAL    ACCOUNT       OFFICER        INITIALS
$750,000        02-15-2001    02-15-2002                                                                JKG
----------------------------------------------------------------------------------------------------------------------------------

References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan
or item.

----------------------------------------------------------------------------------------------------------------------------------

BORROWER:         C&S BANCORPORATION, INC.                                                               LENDER:  NEXITY BANK
                  401 MALL BOULEVARD                                                                    2839 PACES FERRY ROAD
                  SUITE 101B                                                                                        SUITE 840
                  SAVANNAH, GA.  31406                                                                     ATLANTA, GA  30339

----------------------------------------------------------------------------------------------------------------------------------

PRINCIPAL AMOUNT:      $750,000              INITIAL RATE:        8.00%                 DATE OF NOTE:          FEBRUARY 15, 2001
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
PROMISE TO PAY. C&S BANCORPORATION, INC. ("BORROWER"), PROMISES TO PAY TO NEXITY
BANK (LENDER), OR ORDER, IN LAWFUL MONEY OF THE UNITED STATES OF AMERICA, THE
PRINCIPAL AMOUNT OF SEVEN HUNDRED FIFTY THOUSAND & NO/100 DOLLARS ($750,000.00)
OR SO MUCH AS MAY BE OUTSTANDING, TOGETHER WITH INTEREST ON THE UNPAID
OUTSTANDING PRINCIPAL BALANCE OF EACH ADVANCE. INTEREST SHALL BE CALCULATED FROM
THE DATE OF EACH ADVANCE UNTIL REPAYMENT OF EACH ADVANCE.

PAYMENT: BORROWER WILL PAY THIS LOAN IN ONE PAYMENT OF ALL OUTSTANDING PRINCIPAL
PLUS ALL ACCRUED INTEREST ON FEBRUARY 15, 2002. IN ADDITION, BORROWER WILL PAY
REGULAR QUARTERLY PAYMENTS OF ACCRUED UNPAID INTEREST BEGINNING MAY 15, 2001,
AND ALL SUBSEQUENT INTEREST PAYMENTS ARE DUE ON THE SAME DAY OF EACH QUARTER
AFTER THAT. Borrower will pay Lender at Lender's address shown above or at such
other place as Lender may designate in writing. Unless otherwise agreed or
required by applicable law, payments will be applied first to accrued unpaid
interest, then to principal, and any remaining amount to any unpaid collection
costs and late charges.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from
time to time based on changes in an index which in the Prime rate as published
in the Money Rates section of the Wall Street Journal. (the "Index"). If two or
more rates exist, then the highest rate will prevail. Lender will tell Borrower
the current Index rate upon Borrower's request. Borrower understands that Lender
may make loans based on other rates as well. The interest rate change will not
occur more often than each day. THE INDEX CURRENTLY IS 8.50% PER ANNUM. THE
INTEREST RATE TO BE APPLIED TO THE UNPAID PRINCIPAL BALANCE OF THIS NOTE WILL BE
AT A RATE EQUAL TO THE INDEX, MINUS 50 BASIS POINTS (1/2%) RESULTING IN AN
INITIAL ANNUAL RATE OF SIMPLE INTEREST OF 8.00%. NOTICE: Under no circumstances
will the interest rate on this Note be more than the maximum rate allowed by
applicable law.

PREPAYMENT. Borrower may pay without penalty all or a portion of the amount owed
earlier than it is due. Early payments will not, unless agreed to by Lender in
writing, relieve Borrower of Borrower's obligation to continue to make payments
of accrued unpaid interest. Rather, they will reduce the principal balance due.

LATE CHARGE. If a payment is 15 DAYS OR MORE LATE, Borrower will be charged
$25.00.

DEFAULT. Borrower will be in default if any of the following happens: (a)
Borrower fails to make any payment when due. (b) Borrower breaks any promise
Borrower has made to Lender, or Borrower fails to comply with or to perform when
due any other term, obligation, covenant, or condition contained in the Note or
any agreement related to this Note, or in any other agreement or loan Borrower
has with Lender. (c) Any representation or statement made or furnished to Lender
by Borrower or on Borrower's behalf is false or misleading in any material
respect either now or at the time made or furnished. (d) Borrower becomes
insolvent, a receiver is appointed for any part of Borrower's property, Borrower
makes an assignment for the benefit of creditors, or any proceeding is commenced
either by Borrower or against Borrower under any bankruptcy or insolvency laws.
(e) Any creditor tries to take any of Borrower's property on or in which Lender
has a lien or security interest. This includes a garnishment of any of
Borrower's accounts with Lender. (f) Any guarantor dies or any of the other
events described in this default section occurs with respect to any guarantor of
this Note. (g) A material adverse change occurs in Borrower's financial
condition, or Lender believes the prospect of payment or performance of the
Indebtedness is impaired. (h) Lender in good faith deems itself insecure.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, without
notice, and then Borrower will pay that amount. Upon default, including failure
to pay upon final maturity, Lender, at its option, may also, if permitted under
applicable law, increase the variable interest rate on the Note to 3.000
percentage points over the Index. The interest rate will not exceed the maximum
rate permitted by applicable law. Lender may hire or pay someone else to help
collect this Note if Borrower does not pay. Borrower also will pay Lender that
amount. This includes, subject to any limits under applicable law, Lender's
costs of collection, including court costs and fifteen percent (15%) of the
principal plus accrued interest as attorneys' fees, if any sums owing under this
Note are collected by or through an attorney-at-law, whether or not there is a
lawsuit, and legal expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), appeals, and any anticipated
post-judgment collection services. If not prohibited by applicable law, Borrower
also will pay any court costs, in addition to all other sums provided by law.
THIS NOTE HAS BEEN DELIVERED TO LENDER AND ACCEPTED BY LENDER IN THE STATE OF
ALABAMA. SUBJECT TO THE PROVISIONS ON ARBITRATION, THIS NOTE SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ALABAMA.

DISHONORED ITEM FEE. Borrower will pay a fee to Lender of twenty dollars
($20.00) or five percent (5%) if the face amount of the check, whichever is
greater, if Borrower makes a payment on Borrower's loan and the check or
preauthorized charge with which Borrower pays is later dishonored.

RIGHT OF SETOFF. Borrower grants to Lender a contractual possessory security
interest in, and hereby assigns, conveys, delivers, pledges, and transfers to
Lender all Borrower's right, title and interest in and to, Borrower's accounts
with Lender (whether checking, savings, or some other account), including
without limitation all accounts held jointly with someone else and all accounts
Borrower may open in the future, excluding however IRA and Keough accounts, all
trust accounts for which the grant of a security interest would be prohibited by
law. Borrower authorizes Lender, to the extent permitted by applicable law, to
charge or setoff all sums owing on this Note against any and all such accounts.

<PAGE>   2

LINE OF CREDIT. This Note evidences A REVOLVING LINE OF CREDIT. Advances under
this Note may be requested only in writing by Borrower or by an authorized
person. All communications, instructions, or directions by telephone or
otherwise to Lender are to be directed to Lender's office shown above. The
following party or parties are authorized to request advances under the line of
credit until Lender receives from Borrower at Lender's address shown above
written notice of revocation of their authority. BRIAN R. FOSTER OR JOHN G.
LIENTZ. Borrower agrees to be liable for all sums either: (a) advanced in
accordance with the instructions of an authorized person or (b) credited to any
of Borrower's accounts with Lender. The unpaid principal balance owing on this
Note at any time may be evidenced by endorsements on the Note or by Lender's
internal records, including daily computer print-outs. Lender will have no
obligation to advance funds under this Note if: (a) Borrower or any guarantor is
in default under the terms of this Note or any agreement that Borrower or any
guarantor has with Lender, including any agreement made in connection with the
signing of this Note; (b) Borrower's or any guarantor ceases doing business or
is insolvent; (c) any guarantor seeks, claims or otherwise attempts to limit,
modify or revoke such guarantor's guarantee of this Note or any other loan with
Lender; (d) Borrower has applied funds provided pursuant to this Note for
purposes other than those authorized by Lender; or (e) Lender in good faith
deems itself insecure under this Note or any other agreement between Lender and
Borrower.

ARBITRATION. LENDER AND BORROWER AGREE THAT ALL DISPUTES, CLAIMS AND
CONTROVERSIES BETWEEN THEM, WHETHER INDIVIDUAL, JOINT, OR CLASS IN NATURE,
ARISING FROM THIS NOTE OR OTHERWISE, INCLUDING WITHOUT LIMITATION CONTRACT AND
TORT DISPUTES, SHALL BE ARBITRATED PURSUANT TO THE RULE OF THE AMERICAN
ARBITRATION ASSOCIATION, UPON REQUEST OF EITHER PARTY. No act to take or dispose
of any collateral securing this Note shall constitute a waiver of this
arbitration agreement or be prohibited by this arbitration agreement. This
includes, without limitation, obtaining injunctive relief or a temporary
restraining order, invoking a power of sale under any deed of trust or mortgage;
obtaining a writ of attachment or imposition of a receiver, or exercising any
rights relating to personal property, including taking or disposing of such
property with or without judicial process pursuant to the Uniform Commercial
Code. Any disputes, claims, or controversies concerning the lawfulness or
reasonableness of any act, or exercise of any right, concerning any collateral
securing this Note, including any claim to rescind, reform, or otherwise modify
any agreement relating to the collateral securing this Note, shall also be
arbitrated, provided however that no arbitrator shall have the right or the
power to enjoin or restrain any act of any party. Judgment upon any award
rendered by any arbitrator may be entered in any court having jurisdiction.
Nothing in this Note shall preclude any party from seeking equitable relief from
a court of competent jurisdiction. The statute of limitations, estoppel, waiver,
laches, and similar doctrines which would otherwise be applicable in an action
brought by a party shall be applicable in any arbitration proceeding, and the
commencement of an arbitration proceeding shall be deemed the commencement of an
action for these purposes. The Federal Arbitration Act shall apply to the
construction, interpretation, and enforcement of this arbitration provision.

ACCRUAL METHOD. Interest will be calculated on an Actual/360 basis.

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them. Borrower and any other person who
signs, guarantees or endorsed this Note, to the extent allowed by law, waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise expressly stated in writing, no
party who signs this Note, whether as maker, guarantor, accommodation maker or
endorser, shall be released from liability. All such parties waive any right to
require Lender to take action against any other party who signs this Note and
agree that Lender may renew or extend (repeatedly and for any length of time)
this loan, or release any party or guarantor or collateral; or impair, fail to
realize upon or perfect Lender's security interest in the collateral; and take
any other action deemed necessary by Lender without the consent of or notice to
anyone. All such parties also agree that Lender may modify this loan without the
consent of or notice to anyone other than the party with whom the modification
is made.

IN WITNESS WHEREOF, THIS NOTE HAS BEEN SIGNED AND SEALED BY THE UNDERSIGNED, WHO
ACKNOWLEDGES A COMPLETED COPY HEREOF.

BORROWER:

C&S BANCORPORATION, INC.

 /s/ Brian R. Foster..                               (SEAL)
----------------------------------------------------------
   Brian R. Foster
   President

 /s/ John G. Lientz..                                (SEAL)
----------------------------------------------------------
   John G. Lientz
   Treasurer

<PAGE>   3
                                                                    EXHIBIT 10.7

                                    GUARANTY
To: NEXITY BANK
    2839 PACES FERRY RD., STE 840, ATLANTA, GA. 30339
                                                       DATE: FEBRUARY 15, 2001

-        FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged,
         and in consideration of any loan or other financial accommodation
         heretofore or hereafter at any time made or granted to C&S
         BANCORPORATION, INC. (hereinafter called the "Debtor") by NEXITY BANK
         (hereinafter together with its successors and assigns, called the
         "Bank"), the undersigned hereby unconditionally guarantee(s) the full
         and prompt payment when due, whether by declaration or otherwise, and
         at all times hereafter, of all obligations of the Debtor to the Bank,
         however and whenever incurred or evidenced, whether direct or indirect,
         absolute or contingent, due or to become due (collectively called "
         Liabilities"), and the undersigned further agree(s) to pay all expenses
         (including attorney's fees) paid or incurred by the Bank in endeavoring
         to collect the Liabilities, or any part thereof, arid in enforcing this
         guaranty. The right of recovery against the undersigned is, however,
         limited to the amount of SIXTY TWO THOUSAND FIVE HUNDRED DOLLARS AND
         NO/100 ($62.500.00), plus interest on such amount and plus all expenses
         of enforcing this guaranty.

-        Undersigned hereby transfers and conveys to the Bank any and all
         balances, credits, deposits, accounts, items and monies of the
         undersigned now or hereafter with the Bank, and the Bank is hereby
         given a lien upon security title to and a security interest in all
         property of the undersigned of every kind and description now or
         hereafter in the possession or control of the Bank for any reason,
         including all dividends and distributions on or other rights in
         connection therewith.

-        In the event of the death, incompetency, dissolution, or insolvency (as
         defined by the Uniform Commercial Code as in effect at that time in
         Alabama) of the Debtor, or if a petition in bankruptcy be filed by or
         against the Debtor, or if a receiver be appointed for any part of the
         property or assets of the Debtor, or if any judgment be entered against
         the Debtor, or if the Bank shall feel insecure with respect to
         Liabilities and if any such event should occur at a time when any of
         the Liabilities may not then be due and payable, the undersigned agrees
         to pay to the Bank upon demand the full amount which would be payable
         hereunder by the undersigned if all Liabilities were then due and
         payable.

-        Bank may, without demand or notice of any kind, at any time when any
         amount shall be due and payable hereunder by any of the undersigned,
         appropriate and apply toward the payment of such amount, and in such
         order of application as the Bank may from time to time elect, any
         property, balances, credits, deposits, accounts, items or monies of
         such undersigned in the possession or control of the Bank for any
         purpose.

-        This guaranty shall be continuing absolute and unconditional and shall
         remain in full force and effect as to the undersigned, subject to
         discontinuance of this guaranty as to any of the undersigned
         (including, without limitation, any undersigned who shall become
         deceased, incompetent or dissolved) only as follows: Any of the
         undersigned, and any person duly authorized and acting on behalf of any
         of the undersigned, may give written notice to the Bank of
         discontinuance of this guaranty as to the undersigned by whom or on
         whose behalf such notice is given, but no such notice shall be
         effective in any respect until it is actually received by the Bank and
         no such notice shall affect or impair the obligations hereunder of the
         undersigned by whom or on whose behalf such notice is given with
         respect to any Liabilities existing at the date of receipt of such
         notice by the Bank, any interest thereon or any expenses paid or
         incurred by the Bank in endeavoring to collect such Liabilities, or any
         part thereof, in enforcing this guaranty against such undersigned. Any
         such notice of discontinuance by or on behalf of any of the undersigned
         shall not affect or impair the obligations hereunder of any other of
         the undersigned.

-        The Bank may, from time to time, without notice to the undersigned (or
         any of them), (a) retain or obtain a security interest in any property
         to secure any of the Liabilities or any obligation hereunder, (b)
         retain or obtain the primary or secondary liability of any party or
         parties, in addition to the undersigned, with respect to any of the
         Liabilities, (c) extend or renew for any period (whether or not longer
         than the original period), alter or exchange any of the Liabilities,
         (d) release or compromise any liability of any of the undersigned
         hereunder or any liability of any other party or parties primarily or
         secondarily liable on any of the Liabilities, (e) release its security
         interest, if any, in all or any property securing any of the
         Liabilities or any obligation hereunder and permit any substitution or
         exchange for any such property, and (f) resort to the undersigned (or
         any of them) for payment of any of the Liabilities, whether or not the
         Bank shall have resorted to any property securing any of the
         Liabilities or any obligation hereunder or shall have proceeded against
         any other of the undersigned or any other party primarily or
         secondarily liable on any of the Liabilities.

-        Any amount received by the Bank from whatever source and applied by it
         toward the payment of the Liabilities shall be applied in such order of
         application as the Bank may from time to time elect.

-        The undersigned hereby expressly waive(s): (a) Notice of the acceptance
         of this guaranty, (b) notice of the existence or creation of all or any
         of the Liabilities, (c) presentment, demand, notice of dishonor,
         protest, and all other notices whatsoever, and (d) all diligence in
         collection or protection of or realization upon the Liabilities or any
         part thereof, any obligation hereunder, or any security for any of the
         foregoing.

-        The creation or existence from time to time of Liabilities in excess of
         the amount to which the right of recovery under this guaranty is
         limited is hereby authorized, without notice to the undersigned (or any
         of them), and shall in no way effect or impair this guaranty.

-        The Bank may, without notice of any kind, sell, assign, or transfer all
         or any of the Liabilities, and in such event each and every immediate
         and successive assignee, transferee, or holder of all or any of the
         Liabilities, shall have the right to enforce this guaranty, by suit or
         otherwise, for the benefit of such assignee, transferee, or holder, as
         fully as if such assignee, transferee, or holder were herein by name
         specifically given such rights, powers and benefits, but the Bank shall
         have an unimpaired right, prior and superior to that of any such
         assignee, transferee or holder, to enforce this guaranty for the
         benefit of the Bank, as to so much of the Liabilities as it has not
         sold, assigned, or transferred.

-        No delay or failure on the part of the Bank in the exercise of any
         right or remedy shall operate as a waiver thereof, and no single or
         partial exercise by the Bank of any right or remedy shall preclude
         other or further exercise thereof or the exercise of any other right or
         remedy. No action of the Bank permitted hereunder shall in any way
         impair or affect this guaranty. For the purpose of this guaranty,
         Liabilities shall include all obligations of the Debtor to the Bank,
         notwithstanding any right or power of the Debtor or anyone else to
         assert any claim Or defense, as to the invalidity or unenforceability
         of any such obligation, and no such claim or defense shall impair or
         affect the obligations of the undersigned hereunder.

-        This guaranty shall be binding upon the undersigned, and upon the
         heirs, legal representatives, successors, and assigns of the
         undersigned. If more than one party shall execute this guaranty, the
         term "undersigned" shall mean all parties executing this guaranty, and
         all such parties shall be jointly and severally obligated hereunder.

-        This guaranty has been made and delivered in the State of Alabama, and
         shall be governed by the laws of that State. Wherever possible each
         provision of this guaranty shall be interpreted in such manner as to be
         effective and valid under applicable law, but if any provision of this
         guaranty shall be prohibited or invalid under such law, such provision
         shall be ineffective to the extent of such prohibition or invalidity,
         without invalidating the remainder of such provision or the remaining
         provisions of this guaranty.

-        IN WITNESS WHEREOF the undersigned have hereunto set their hands and
         affixed their seals the day and year above written. Signed, sealed and
         delivered in the presence of: Guarantor:

(x)      /s/ John G. Lientz                  (x)      /s/ Guarantor
   ------------------------------------      ---------------------------------
         Notary Public                       Guarantor

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