Document:

EXHIBIT 10.17

August  10,  2004

                           JOHN M. FLOYD & ASSOCIATES
                      OVERDRAFT PRIVILEGE PROGRAM AGREEMENT

Mr. Rick Roberts
SVP/CFO
Cherokee Bank, National Association
1275 Riverstone Parkway
Canton,  Georgia  30114

Dear Mr. Roberts:

Based  on  our  preliminary  analysis,  I  am  submitting  this proposal for the
engagement of our firm by Cherokee Bank, National Association - Canton, Georgia.
Upon  acceptance  by  Cherokee  Bank,  National Association, this proposal shall
become  the  Agreement  between  John  M.  Floyd  &  Associates, Inc. (JMFA) and
Cherokee  Bank,  National  Association.

OBJECTIVES

Our  objective  is  to  install JMFA's Overdraft PrivilegeSM program in Cherokee
Bank,  NA.  There  will  be  an emphasis on installing a product that provides a
competitive  and  popular  service  for  your  account holders and a significant
increase  in  non-interest income without a significant increase in non-interest
expense.  Improvement  in  earnings will come from account holder acceptance and
use  of this proven product enhancement and accelerated account growth.  We will
install  systems  to  monitor  income  streams  and  associated  costs to insure
Cherokee  Bank, NA is receiving the appropriate income for the designed product.
Accomplishing  these  objectives  will  result  in  an  estimated  increase  in
first-year  earnings between $122,300 and $185,200.  Because we are so confident
that  this  increase is achievable, we offer our service on a contingency basis.

Following  is  a  description  of our project deliverables and the terms for the
engagement.

OVERDRAFT  PRIVILEGE  PROGRAM

     1.   Perform  a  comprehensive  profile  analysis  of  the  demand  deposit
          account holder base to establish Overdraft Privilege limits.

     2.   At  the  financial  institution's  option,  we  will  perform  a
          comprehensive analysis of all other non-interest income and non-labor,
          non-interest  expense  and  assist  in  the installation of reasonable
          operational changes.
          [ ]  PLEASE  INDICATE  YOUR  SELECTION  OF THIS OPTION BY CHECKING THE
               BOX.

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 2

     3.   Make  recommendations,  as  necessary,  regarding  deposit  agreements
          to help insure compliance with truth in lending and other regulations.

     4.   Perform  an  analysis  of  Cherokee  Bank,  NA's  NSF  and  overdraft
          processing  and  assist  Cherokee  Bank,  NA  in  making the necessary
          changes for an effective Overdraft Privilege Program.

     5.   Furnish  Cherokee  Bank,  NA  with  "camera  ready"  samples  of
          marketing  and  advertising  material  to  assure  the  success of the
          overdraft privilege product.

     6.   Provide  mailing  services  for  kickoff  and quarterly account holder
          communications, billed separately.

     7.   Provide  all  necessary  operational  and  systems/procedures training
          and materials.

     8.   Provide  sales  training  and  support  materials  to  account  holder
          contact personnel to insure the success of the programs.

     9.   Assist  Cherokee  Bank,  NA  in  the  installation  of  our  automated
          management  and  collection  system  that  functions  with  the  core
          application processing system.

CONDUCT  OF  THE  ENGAGEMENT

The initial engagement will require approximately six to eight calendar weeks to
complete, with quarterly on-site follow-up lasting for the contracted engagement
period.  Cherokee Bank, National Association also agrees to send the recommended
program  "kickoff'  letter  and  quarterly "reminder" letters, mailed separately
from  other materials, as recommended by John M. Floyd & Associates consultants.
Beginning  the 3rd month, we will perform the above-referenced follow-up reviews
quarterly  to insure the success of the program.  While the majority of the work
will require that we be on-site, certain aspects may be analyzed or handled from
our  office.

COST  OF  THE  ENGAGEMENT

The cost to your institution for the engagement will be priced using the monthly
quantified  net  increase in non-interest income and expenses related to NSF and
overdraft  income.  Follow-up  of the engagement may be extended in twelve-month
increments  and includes quarterly on-site visits as an extension of the initial
contractual  period  for  continuance  of our Privilege Manager CRM(TM) software
maintenance  support  and  the  compliance warranty.  The table, below, provides
pricing  options.  You  may  wish to consider these alternate pricing options to
reduce  (or  increase)  the  amount  of time of our consulting relationship.  We
would  be  happy  to  contract  with  you  using  these  terms.

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 3

<TABLE>
<CAPTION>
-------------------------------------------------------------------------
PRICING OPTION   MONTHLY BILLING     BILLING   BILLING  FOLLOW-   FOLLOW
                                     MONTHS    INITIAL     UP       UP
                                                        BILLING   INITIAL
--------------  ------------------  ---------  -------  --------  -------
<S>             <C>                 <C>        <C>      <C>       <C>
Two Year        1/3 of monthly
Engagement      increase in NSF/OD  24 months                 9%
                income
--------------  ------------------  ---------  -------  --------  -------
Three Year      24% of monthly
Engagement      increase in NSF/OD  36 months                12%
                income
--------------  ------------------  ---------  -------  --------  -------
Four Year       20% of monthly
Engagement      increase in NSF/OD  48 months                15%
                income
--------------  ------------------  ---------  -------  --------  -------
Five Year       18% of monthly
Engagement      increase in NSF/OD  60 months
                income
-------------------------------------------------------------------------
</TABLE>

Cherokee  Bank,  NA  will  pay out-of-pocket expenses during all project phases.
John  M.  Floyd & Associates has agreed to waive the $10,000 retainer as long as
the  overdraft  privilege  program  is  installed  within  90  days.  After  the
recommendations  have  been installed and monitored for not less than sixty (60)
days,  we will quantify the increased income and Cherokee Bank, NA agrees to pay
monthly  the  fees, as referenced above.  The monthly billings are to be paid by
the 15th of each month.  We will invoice semi-monthly for out-of-pocket expenses
during  initial  analysis,  presentation,  implementation  or  follow-up phases.

Fees  to  John M. Floyd & Associates will commence not less than sixty (60) days
following  the  first  full  month after the installation of recommendations and
will  continue  throughout  the  contracted  engagement  period.

QUANTIFICATION  OF  EARNINGS

Increases  in  net NSF and overdraft income are based on reasonable changes that
can  be  affected  on  existing  income  or expenses realized as a result of our
recommendations.  Increased  labor  to  collect  overdrawn  Overdraft  Privilege
accounts  and  charged  off  overdrafts  associated with the Overdraft Privilege
program  will  be  netted  against  the increases in NSF and overdraft income or
decreases in expenses.  Tracking of the increases will begin at the beginning of
the  month  that  occurs  not  less  than  60 days after program implementation.

The  normalized  base will be used to calculate the net average existing NSF and
OD revenue per active (defined as an account that has not been inactive for more
than 6 months) checking account, not including money market accounts.  Increases
in  NSF  and  OD income during the contractual period will be measured using the
net  average  increase  from NSF and OD revenue per active checking account over
the  base  period.  Cherokee  Bank, NA agrees to furnish at the beginning of the
initial  engagement  a  list  of  NSF  related areas Cherokee Sank, NA wishes to
exclude  from  this engagement.  Any items not listed on the exclusion list will
be  considered  open  for  analysis  by  JMFA  staff  and  will  be added to the
quantification  of  earnings,  as  applicable.

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 4

Additionally,  the  client  agrees  to  provide  monthly  financial  tracking
information  including  access  by  JMFA  to  client's  general  ledger  and its
supporting  schedules.

If  a  recommendation  is  not  approved  it  will  not  be  included in the fee
calculation.  However,  if  any  recommendation, within 24 months of the initial
engagement,  is  installed  or  approved  or  approved as modified, or initially
declined  and later approved as recommended or as subsequently modified, it will
be  included  in  the  fee  calculation.

BEAR IN MIND THAT THESE PROJECTED EARNINGS GAINS ARE FOR THE FIRST YEAR ONLY AND
--------------------------------------------------------------------------------
THAT  MUCH,  IF  NOT  ALL,  OF THESE EARNINGS WILL CARRY FORWARD INTO SUCCEEDING
--------------------------------------------------------------------------------
YEARS.
-----

We can provide our assistance in a fashion that is both timely and efficient, as
well  as  highly  cost  effective.  The  specifics  of our proposal, including a
description  of  the  approach  we  will  take,  are  as  follows:

ANALYSIS PHASE

     1.   Identify  existing  account  structures  and  insufficient funds check
          processing  procedures,  mode of operation, transaction volume levels,
          and patterns, etc. currently in use or occurring. This is accomplished
          through  interviews,  empirical  observation, and review of historical
          data.

     2.   At  the  financial  institution's  option,  we  will  perform  a
          comprehensive analysis of all other non-interest income and non-labor,
          non-interest  expense  and  assist  in  the installation of reasonable
          operational changes.

PRESENTATION PHASE

     1.   Review  with  management  our  recommended  changes  and  the  results
          that can be anticipated. We will identify each recommendation's impact
          on  Cherokee  Bank, NA's compliance, operations, technology, marketing
          and quality of service.

     2.   Identify  those  recommendations  that  are  approved.  Formulate  a
          plan  and  timetable  for implementation and designate the individuals
          from  Cherokee  Bank,  NA's  staff  and  from  our  staff  who will be
          responsible for implementation.

     3.   Meet  with  the  affected  parties  to  review  and  "sell"  the
          recommendations,  which  have  been  approved  by  management  for
          implementation.

IMPLEMENTATION PHASE

     1.   Coordinate  efforts  of  JMFA  and  Cherokee  Bank,  NA's  staff  to
          assist  in  implementation  of  all approved recommendations. Cherokee
          Bank,  NA  will be responsible to provide adequate staff to accomplish
          implementation objectives.

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 5

     2.   Insure  production  and  mailing  of  recommended  "kickoff"  and
          quarterly "reminder" letters at Cherokee Bank, NA's expense.

     3.   Provide  on-site  training  for  all  applicable  client personnel and
          assistance  with  client  and  accountholder  awareness  and marketing
          materials.  Cherokee  Bank,  NA  will  be  responsible  for  utilizing
          JMFA-provided materials as recommended.

     4.   Install  systems  to  monitor  income  streams and associated costs to
          insure  Cherokee  Bank, NA is receiving the appropriate income for the
          designed  product.  Assist  Cherokee Bank, NA's staff with appropriate
          training  on  these systems during the contract period. Cherokee Bank,
          NA  will  be  responsible to maintain adequate staff to insure systems
          reporting.

     5.   Design  and  install  monitoring  and  reporting  mechanisms  in order
          to  chart  progress,  performance,  and results. Assist Cherokee Bank,
          NA's  staff  with  installation,  procedures, and results analysis, as
          appropriate.

FOLLOW-UP PHASE

     1.   Meet  with  management  to  review  the  status and results of changes
          which have been approved for implementation.

     2.   Develop  and  install  any  adjustments  required  to  "fine-tune" the
          products we have installed.

     3.   Perform  on-site,  quarterly  follow-up  visits  to  evaluate  and
          further refine the Overdraft Privilege Program.

PRIVILEGE MANAGER CRM(TM) SUPPORT

If you choose to install the PRIVILEGE MANAGER CRM(TM) solution, we will provide
support  during  the  contractual  period  at  no charge.  After the contractual
period,  we  will  provide  technical  support  for  $3,000  per  year.

John  M.  Floyd  &  Associates will provide the initial file layouts to Cherokee
Bank,  NA upon completion of the initial installation of the overdraft privilege
product.  Cherokee  Bank,  NA  will be responsible for providing John M. Floyd &
Associates  with  new file layouts prior to an upgrade of their core system.  We
will send an upgrade of the PRIVILEGE MANAGER CRM(TM) to Cherokee Bank, NA to be
installed  at the same time the core upgrade is implemented.  The layouts should
be provided to us at least four weeks in advance of the installation of the core
system  upgrade  to  allow  time  for  John M. Floyd & Associates to upgrade the
software  interface  between  the  core  system  and  PRIVILEGE MANAGER CRM(TM).
Should  the  file  layouts  not  be  received  four weeks in advance of the core
upgrade  we  cannot  guarantee  completion of the interface changes prior to the
system  upgrade.  Cherokee  Bank,  NA  will  be  responsible  for  any

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 6

necessary  travel  expenses,  however  none  are  anticipated.

OUT-OF-POCKET EXPENSES

Our goal is to keep out-of-pocket expenses to a minimum.  Out-of-pocket expenses
consist  of reasonable travel expenses, telephone ($1.00 per man-hour expended),
copies  & supplies ($.75 per man-hour expended), FedEx charges and other unusual
expenses.  Airline  tickets  will  not  exceed  coach  fares  and Cherokee Bank,
National  Association  has  the  choice  of  either  actual cost or per diem for
consultant  expenditures.

EMPLOYMENT OF PERSONNEL

Each  one  of  our and your employees and contractors has been highly trained at
each  party's  respective  expense.  Should  either  party hire one of the other
party's  employees  or  contractors  on or before one (1) year after the date of
completion  of  the  engagement to be performed hereunder, the hiring party will
compensate  the  other party for the loss of such employee in an amount equal to
the  annual  compensation  paid by the prior employer to the employee during the
one  (1)  year period immediately preceding the date of employment.  The one (1)
year  period provided for in this paragraph shall be independent and separate of
any  other  restrictive  period  contained  elsewhere  in  this  agreement.

WARRANTY

John. M. Floyd & Associates hereby warrants that its Overdraft Privilege program
is  compliant  with  existing  state  and  federal  regulations  as  currently
interpreted  by  regulatory  agencies.  Further,  John  M.  Floyd  &  Associates
certifies  that,  to  the  best  of its knowledge, none of its clients have ever
received  adverse  criticism  by  any  regulatory  authority  on  its  Overdraft
Privilege programs.  We also warrant that our PRIVILEGE MANAGER CRM(TM) is fully
compatible  with  your  core  processing  system.

John  M.  Floyd & Associates will not be liable if Cherokee Bank, NA changes any
of  the  customer  education materials (e.g., kickoff letter, quarterly reminder
letters,  or  discretionary  overdraft  privilege  policy)  provided  during the
contracted  engagement  period.  This  warranty  will be considered nullified if
Cherokee  Bank,  NA fails to mail the kickoff letter and quarterly letters, with
the  discretionary  overdraft  privilege  policy  attached,  as  recommended.

CONFIDENTIALITY

The contents of this proposal should be treated as confidential material between
John M. Floyd & Associates and Cherokee Bank, NA.  We agree that neither John M.
Floyd  & Associates nor any of our employees or contractors will use or disclose
any  data about Cherokee Bank, NA as a result of this consulting engagement that
is  not  published  call  report information, without prior written consent from
Cherokee  Bank,  NA.  We  understand  that  we  may  use  the  data  in  our

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 7

database  as long as there is no reference to Cherokee Bank, NA.  Cherokee Bank,
NA  agrees  that  they will not share any recommendations or materials from this
study with anyone not affiliated with Cherokee Bank, NA.  If any recommendations
or  materials  or  software  are  shared  or adopted either in their original or
modified  form  by  other member institutions, companies or affiliated financial
institutions of Cherokee Bank, NA or its holding company, then Cherokee Bank, NA
agrees  to  compensate John M. Floyd & Associates on the same terms as stated in
this  proposal.

We  thank  you  for  the opportunity to submit this proposal and look forward to
working  with you, your staff and your organization.  We would like to begin the
engagement  at  your  earliest  convenience.

Sincerely,

Ed Juskowski
Regional Director

<PAGE>
                                                                Mr. Rick Roberts
                                                                  March 22, 2005
                                                                          Page 8

                                          ACCEPTED BY:-
John M. Floyd                             A. R. Roberts, III
Chairman                                  SVP/CFO
John M. Floyd & Associates                Cherokee Bank, National Association
Baytown, Texas                            Canton, Georgia

______________________________________    ______________________________________
Signature                                 Signature

______________________________________    ______________________________________
Date                                      Date

             UPON ACCEPTANCE, PLEASE SIGN BOTH COPIES AND RETURN TO:

                           JOHN M. FLOYD & ASSOCIATES
                               125 N. BURNET DRIVE
                              BAYTOWN, TEXAS 77520

<PAGE>EXHIBIT 10.10

                           NEIGHBORS BANCSHARES, INC.
                           2004 STOCK INCENTIVE PLAN

<PAGE>
                                TABLE OF CONTENTS

                                                                            PAGE
                                                                            ----

SECTION 1  DEFINITIONS                                                         1

  1.1  DEFINITIONS                                                             1

SECTION 2  THE STOCK INCENTIVE PLAN                                            4

  2.1  PURPOSE OF THE PLAN                                                     4
  2.2  STOCK SUBJECT TO THE PLAN                                               4
  2.3  ADMINISTRATION OF THE PLAN                                              5
  2.4  ELIGIBILITY AND LIMITS                                                  5

SECTION 3  TERMS OF STOCK INCENTIVES                                           6

  3.1  GENERAL TERMS AND CONDITIONS                                            6
  3.2  TERMS AND CONDITIONS OF OPTIONS.                                        7
      (a)  Option Price                                                        7
      (b)  Option Term                                                         7
      (c)  Payment.                                                            7
      (d)  Conditions to the Exercise of an Option.                            8
      (e)  Termination of Incentive Stock Option.                              8
      (f)  Special Provisions for Certain Substitute Options                   8
  3.3  TREATMENT OF AWARDS UPON TERMINATION OF SERVICE                         8

SECTION 4  RESTRICTIONS ON STOCK                                               9

  4.1  ESCROW OF SHARES.                                                       9
  4.2  RESTRICTIONS ON TRANSFER.                                               9

SECTION 5  GENERAL PROVISIONS                                                  9

  5.1  WITHHOLDING.                                                            9
  5.2  CHANGES IN CAPITALIZATION; MERGER; LIQUIDATION.                        10
  5.3  CASH AWARDS                                                            11
  5.4  COMPLIANCE WITH CODE.                                                  11
  5.5  RIGHT TO TERMINATE SERVICE.                                            11
  5.6  RESTRICTIONS ON DELIVERY AND SALE OF SHARES; LEGENDS.                  11
  5.7  NON-ALIENATION OF BENEFITS.                                            11
  5.8  TERMINATION AND AMENDMENT OF THE PLAN.                                 12
  5.9  STOCKHOLDER APPROVAL.                                                  12
5.10  CHOICE OF LAW.                                                          12
5.11  EFFECTIVE DATE OF THE PLAN                                              12

<PAGE>
                           NEIGHBORS BANCSHARES, INC.
                            2004 STOCK INCENTIVE PLAN

                             SECTION 1  DEFINITIONS

     1.1  Definitions.  Whenever  used  herein,  the  masculine pronoun shall be
          -----------
deemed  to  include the feminine, and the singular to include the plural, unless
the context clearly indicates otherwise, and the following capitalized words and
phrases  are  used  herein  with  the  meaning  thereafter  ascribed:

          (a)  "Affiliate"  means
                ---------

               (1)  any  Subsidiary  or  Parent;

               (2)  an  entity  that  directly  or  through  one  or  more
intermediaries  controls,  is controlled by, or is under common control with the
Company,  as  determined  by  the  Company;  or

               (3)  any  entity  in  which  the  Company  has such a significant
interest  that  the  Company  determines  it should be deemed an "Affiliate," as
determined  in  the  sole  discretion  of  the  Company.

          (b)  "Bank"  means  Neighbors  Bank.
                ----

          (c)  "Board of Directors" means the board of directors of the Company.
                ------------------

          (d)  "Cause"  has  the  same  meaning  as  provided  in the employment
                -----
agreement between the Participant and the Company or Affiliate(s) on the date of
Termination of Service, or if no such definition or employment agreement exists,
"Cause"  means conduct amounting to  (1) fraud or dishonesty against the Company
or  Affiliate(s);  (2)  Participant's  willful  misconduct,  repeated refusal to
follow  the reasonable directions of the Board of Directors or knowing violation
of  law in the course of performance of the duties of Participant's service with
the  Company  or  Affiliate(s);  (3)  repeated  absences  from  work  without  a
reasonable  excuse; (4) repeated intoxication with alcohol or drugs while on the
Company's  or  Affiliate(s)'  premises  during  regular  business  hours;  (5) a
conviction or plea of guilty or nolo contendere to a felony or a crime involving
dishonesty;  or (6) a breach or violation of the terms of any agreement to which
Participant  and  the  Company  or  Affiliate(s)  are  party.

          (e)  "Change  in  Control" means any one of the following events which
                -------------------
may  occur  after  the  date  the  Stock  Incentive  is  granted:

               (1)  the acquisition by any individual, entity or "group," within
the meaning of Section 13(d)(3) or Section 14(d)(2) of the Securities Exchange
Act of 1934, as amended, (a "Person") of beneficial ownership (within the
meaning of Rule 13-d-3 promulgated under the Securities Exchange Act of 1934) of
voting securities of the Company or the Bank where such acquisition causes any
such Person to own fifty percent (50%) or more of the combined

<PAGE>
voting  power  of  the  then  outstanding  voting  securities  entitled  to vote
generally  in  the  election  of  directors;

               (2)  within  any  twelve-month  period,  the  persons  who  were
directors  of  the  Company or the Bank immediately before the beginning of such
twelve-month  period  (the  "Incumbent  Directors") shall cease to constitute at
least  a majority of the Board of Directors of the Company or the Bank; provided
that  any  director  who  was  not  a  director  as  of  the  beginning  of such
twelve-month period shall be deemed to be an Incumbent Director if that director
were  elected to the Board of Directors of the Company or the Bank by, or on the
recommendation  of or with the approval of, at least two-thirds of the directors
who then qualified as Incumbent Directors; and provided further that no director
whose initial assumption of office is in connection with an actual or threatened
election  contest relating to the election of directors shall be deemed to be an
Incumbent  Director;

               (3)  a  reorganization,  merger or consolidation, with respect to
which  persons  who were the stockholders of the Company or the Bank immediately
prior  to  such  reorganization,  merger  or  consolidation  do not, immediately
thereafter,  own  more  than  fifty  percent  (50%) of the combined voting power
entitled  to  vote  in  the  election of directors of the reorganized, merged or
consolidated  company's  then  outstanding  voting  securities;  or

               (4)  the sale, transfer or assignment of all or substantially all
of  the  assets  of  the  Company  or  the  Bank  to  any  third  party.

          (f)  "Code"  means  the  Internal  Revenue  Code  of 1986, as amended.
                ----

          (g)  "Company"  means  Neighbors  Bancshares,  Inc.  a  corporation
                -------
organized  under  the  laws  of  the  State  of  Georgia.

          (h)  "Committee"  means  the  committee  appointed  by  the  Board  of
                ---------
Directors to administer the Plan pursuant to Plan Section 2.3.  If the Committee
has  not been appointed, the Board of Directors in its entirety shall constitute
the  Committee.

          (i)  "Disability"  has  the  same meaning as provided in the long-term
                ----------
disability  plan  or  policy  maintained  or,  if  applicable,  most  recently
maintained, by the Company or an Affiliate for the Participant.  If no long-term
disability  plan  or policy was ever maintained on behalf of the Participant or,
if  the  determination  of  Disability  relates  to  an  Incentive Stock Option,
Disability  shall  mean  that  condition  described in Code Section 22(e)(3), as
amended  from  time  to  time.  In  the event of a dispute, the determination of
Disability  shall  be  made  by the Board of Directors and shall be supported by
advice  of  a  physician competent in the area to which such Disability relates.

          (j)  "Disposition"  means  any conveyance, sale, transfer, assignment,
                -----------
pledge  or  hypothecation,  whether  outright  or  as  security,  inter vivos or
testamentary,  with  or  without  consideration,  voluntary  or  involuntary.

          (k)  "Fair  Market  Value"  with  regard  to  a  date  means:
                -------------------

                                        2
<PAGE>
               (1)  the  price  at which Stock shall have been sold on that date
or  the  last  trading  date  prior  to  that  date  as reported by the national
securities  exchange  selected by the Committee on which the shares of Stock are
then  actively traded or, if applicable, as reported by the NASDAQ Stock Market;

               (2)  if  such  market  information  is not published on a regular
basis,  the  price  of  Stock in the over-the-counter market on that date or the
last  business day prior to that date as reported by the NASDAQ Stock Market or,
if  not  so  reported,  by  a  generally  accepted  reporting  service;  or

               (3)  if Stock is not publicly traded, as determined in good faith
by  the  Committee  with  due  consideration  being given to (i) the most recent
independent  appraisal of the Company, if such appraisal is not more than twelve
months  old  and  (ii)  the  valuation  methodology  used in any such appraisal.

     For  purposes  of  Paragraphs (1), (2), or (3) above, the Committee may use
the  closing  price  as  of the applicable date, the average of the high and low
prices  as  of  the applicable date or for a period certain ending on such date,
the  price determined at the time the transaction is processed, the tender offer
price for shares of Stock, or any other method which the Committee determines is
reasonably  indicative  of  the  fair  market  value.

          (l)  "Incentive  Stock  Option"  means  an  incentive stock option, as
                ------------------------
defined  in  Code  Section  422,  described  in  Plan  Section  3.2.

          (m)  "Nonqualified  Stock  Option" means a stock option, other than an
                ---------------------------
option  qualifying  as an Incentive Stock Option, described in Plan Section 3.2.

          (n)  "Option"  means a Nonqualified Stock Option or an Incentive Stock
                ------
Option.

          (o)  "Over 10% Owner" means an individual who at the time an Incentive
                --------------
Stock Option is granted owns Stock possessing more than ten percent (10%) of the
total  combined  voting  power  of  the  Company  or  one  of  its  Parents  or
Subsidiaries,  determined  by  applying  the  attribution  rules of Code Section
424(d).

          (p)  "Parent"  means  any  corporation  (other than the Company) in an
                ------
unbroken  chain  of  corporations  ending  with  the Company if, with respect to
Incentive  Stock Options, at the time of granting of the Incentive Stock Option,
each  of  the  corporations  other  than the Company owns stock possessing fifty
percent (50%) or more of the total combined voting power of all classes of stock
in  one  of  the  other  corporations  in  the  chain.

          (q)  "Participant"  means an individual who receives a Stock Incentive
                -----------
hereunder.

          (r)  "Plan"  means the Neighbors Bancshares, Inc. 2004 Stock Incentive
                ----
Plan.

                                        3
<PAGE>
          (s)  "Stock"  means  the  Company's  $.50  par  value  common  stock.
                -----

          (t)  "Stock  Incentive  Agreement"  means  an  agreement  between  the
                ---------------------------
Company  and a Participant or other documentation evidencing an award of a Stock
Incentive.

          (u)  "Stock  Incentives"  means, collectively, Incentive Stock Options
                -----------------
and  Nonqualified  Stock  Options.

          (v)  "Subsidiary" means any corporation (other than the Company) in an
                ----------
unbroken  chain  of  corporations beginning with the Company if, with respect to
Incentive  Stock  Options,  at  the  time of the granting of the Incentive Stock
Option, each of the corporations other than the last corporation in the unbroken
chain  owns  stock  possessing fifty percent (50%) or more of the total combined
voting  power  of  all  classes of stock in one of the other corporations in the
chain.  A  "Subsidiary" shall include any entity other than a corporation to the
extent  permissible  under  Section 424(f) or regulations or rulings thereunder.

          (w)  "Termination  of  Service"  means  the termination of the service
                ------------------------
relationship,  whether  employment  or  otherwise, between a Participant and the
Company  and  any  Affiliates,  regardless of the fact that severance or similar
payments  are  made to the Participant for any reason, including, but not by way
of  limitation,  a  termination  by resignation, discharge, death, Disability or
retirement.  The  Committee  shall,  in  its  absolute discretion, determine the
effect  of  all  matters  and  questions  relating  to a Termination of Service,
including,  but  not  by  way  of limitation, the question of whether a leave of
absence  constitutes  a  Termination  of  Service,  or  whether a Termination of
Service  is  for  Cause.

                       SECTION 2  THE STOCK INCENTIVE PLAN

     2.1  Purpose  of  the Plan.  The Plan is intended to (a) provide incentives
          ---------------------
to  employees,  directors  and  organizers  of the Company and its Affiliates to
stimulate  their  efforts  toward  the  continued  success of the Company and to
operate  and manage the business in a manner that will provide for the long-term
growth  and  profitability  of  the  Company;  (b)  encourage stock ownership by
employees,  directors and organizers by providing them with a means to acquire a
proprietary  interest  in  the  Company  by  acquiring  shares of Stock; and (c)
provide  a  means  of  obtaining  and  rewarding  key  personnel.

     2.2  Stock  Subject  to the Plan.  Subject to adjustment in accordance with
          ---------------------------
Section  5.2,  231,560  shares  of  Stock (the "Maximum Plan Shares") are hereby
reserved  exclusively  for  issuance  upon exercise or payment pursuant to Stock
Incentives.  At  such  time  as  the  Company  is  subject  to Section 16 of the
Exchange  Act,  at  no  time shall the Company have outstanding Stock Incentives
subject  to Section 16 of the Exchange Act and shares of Stock issued in respect
of  Stock  Incentives in excess of the Maximum Plan Shares.  The shares of Stock
attributable  to  the  nonvested,  unpaid, unexercised, unconverted or otherwise
unsettled  portion  of  any  Stock  Incentive  that is forfeited or cancelled or
expires  or  terminates for any reason without becoming vested, paid, exercised,
converted  or  otherwise settled in full will again be available for purposes of
the  Plan.

                                        4
<PAGE>
     2.3  Administration  of  the  Plan.  The  Plan shall be administered by the
          -----------------------------
Committee.   The Committee shall consist of at least two members of the Board of
Directors.  During  those  periods that the Company is subject to the provisions
of  Section  16  of  the Securities Exchange Act of 1934, the Board of Directors
shall  consider  whether  each  Committee  member  should qualify as an "outside
director"  as defined in Treasury Regulations Section 1.162-27(e) as promulgated
by the Internal Revenue Service and a "non-employee director" as defined in Rule
16b(3)(b)(3)  as  promulgated  under the Exchange Act.  The Committee shall have
full  authority  in  its  discretion  to  determine the employees, directors and
organizers  of  the  Company or its Affiliates to whom Stock Incentives shall be
granted  and  the  terms and provisions of Stock Incentives subject to the Plan.
Subject  to  the  provisions  of  the  Plan,  the  Committee shall have full and
conclusive  authority  to  interpret  the  Plan; to prescribe, amend and rescind
rules  and  regulations  relating  to  the  Plan;  to  determine  the  terms and
provisions  of  the  respective Stock Incentive Agreements and to make all other
determinations necessary or advisable for the proper administration of the Plan.
The  Committee's  determinations  under  the Plan need not be uniform and may be
made  by  it  selectively among persons who receive, or are eligible to receive,
awards under the Plan (whether or not such persons are similarly situated).  The
Committee's  decisions  shall  be  final  and binding on all Participants.  Each
member  of the Committee shall serve at the discretion of the Board of Directors
and  the  Board  of  Directors  may from time to time remove members from or add
members  to  the  Committee.  Vacancies  on the Committee shall be filled by the
Board  of  Directors.

     The  Committee  shall  select one of its members as chairman and shall hold
meetings at the times and in the places as it may deem advisable.  Acts approved
by  a  majority  of  the Committee in a meeting at which a quorum is present, or
acts  reduced  to  or  approved  in  writing by a majority of the members of the
Committee,  shall  be  the  valid  acts  of  the  Committee.

     2.4  Eligibility  and  Limits.  Stock  Incentives  may  be  granted only to
          ------------------------
employees,  directors  and organizers of the Company or any Affiliate; provided,
however,  that  an  Incentive Stock Option may only be granted to an employee of
the  Company  or  any  Subsidiary.  In  the case of Incentive Stock Options, the
aggregate Fair Market Value (determined as of the date an Incentive Stock Option
is  granted)  of  stock with respect to which stock options intended to meet the
requirements  of  Code  Section  422 become exercisable for the first time by an
individual  during  any  calendar  year  under  all plans of the Company and its
Parents  and  Subsidiaries  shall not exceed $100,000; provided further, that if
the  limitation  is  exceeded,  the  Incentive  Stock  Option(s) which cause the
limitation  to  be  exceeded  shall  be treated as Nonqualified Stock Option(s).
During  such  periods  as  required  by  Code Section 162(m) of the Code and the
regulations  thereunder  for compensation to be treated as qualified performance
based  compensation, the maximum number of shares of Stock with respect to which
Options  may  be  granted during any calendar year to an employee may not exceed
100,000, subject to adjustment in accordance with Section 5.2.  If, after grant,
the  exercise price of an Option is reduced, the transaction shall be treated as
the  cancellation  of the Option and the grant of a new Option.  If an Option is
deemed  to  be cancelled as described in the preceding sentence, the Option that
is deemed to be cancelled and the Option that is deemed to be granted shall both
be  counted against the Maximum Plan Shares and the maximum number of shares for
which  Options  may  be  granted  to  an  employee  during  any  calendar  year.

                                        5
<PAGE>
                      SECTION 3  TERMS OF STOCK INCENTIVES

     3.1  General  Terms  and  Conditions.
          -------------------------------

          (a)  The number of shares of Stock as to which a Stock Incentive shall
be  granted shall be determined by the Committee in its sole discretion, subject
to the provisions of Section 2.2, as to the total number of shares available for
grants  under  the  Plan.  If  a  Stock  Incentive  Agreement  so  provides,  a
Participant  may be granted a new Option to purchase a number of shares of Stock
equal  to  the number of previously owned shares of Stock tendered in payment of
the Exercise Price (as defined below) for each share of Stock purchased pursuant
to  the  terms  of  the  Stock  Incentive  Agreement.

          (b)  Each  Stock  Incentive  shall  be  evidenced by a Stock Incentive
Agreement in such form and containing such terms, conditions and restrictions as
the  Committee  may  determine  is  appropriate.  Each Stock Incentive Agreement
shall be subject to the terms of the Plan and any provision in a Stock Incentive
Agreement  that  is  inconsistent  with  the  Plan  shall  be  null  and  void.

          (c)  The  date a Stock Incentive is granted shall be the date on which
the  Committee  has  approved  the  terms of, and satisfaction of any conditions
applicable to, the grant of the Stock Incentive and has determined the recipient
of  the  Stock Incentive and the number of shares covered by the Stock Incentive
and has taken all such other action necessary to complete the grant of the Stock
Incentive.

          (d)  The  Committee  may  provide in any Stock Incentive Agreement (or
subsequent  to  the  award  of  a Stock Incentive but prior to its expiration or
cancellation, as the case may be) that, in the event of a Change in Control, the
Stock Incentive shall or may be cashed out on the basis of any price not greater
than  the highest price paid for a share of Stock in any transaction reported by
any  market or system selected by the Committee on which the shares of Stock are
then  actively  traded  during  a  specified  period  immediately  preceding  or
including  the  date of the Change in Control or offered for a share of Stock in
any  tender  offer  occurring during a specified period immediately preceding or
including  the  date the tender offer commences; provided that, in no case shall
any  such  specified  period  exceed  three  (3)  months (the "Change in Control
Price").  For purposes of this Subsection, any Option shall be cashed out on the
basis  of  the  excess, if any, of the Change in Control Price over the Exercise
Price  to the extent the Option is then exercisable in accordance with the terms
of  the  Option  and  the  Plan.

          (e)  Any  Stock Incentive may be granted in connection with all or any
portion  of a previously or contemporaneously granted Stock Incentive.  Exercise
or  vesting  of  a  Stock  Incentive  granted  in  connection with another Stock
Incentive  may  result  in  a  pro rata surrender or cancellation of any related
Stock  Incentive,  as  specified  in  the  applicable Stock Incentive Agreement.

          (f)  Stock  Incentives  shall not be transferable or assignable except
by  will  or  by  the laws of descent and distribution and shall be exercisable,
during  the  Participant's  lifetime,

                                        6
<PAGE>
only  by  the Participant; in the event of the Disability of the Participant, by
the legal representative of the Participant; or in the event of the death of the
Participant, by the personal representative of the Participant's estate or if no
personal  representative  has  been  appointed,  by  the  successor  in interest
determined  under  the  Participant's  will.

     3.2  Terms  and  Conditions of Options.  Each Option granted under the Plan
          ---------------------------------
shall  be  evidenced  by a Stock Incentive Agreement.  At the time any Option is
granted,  the Committee shall determine whether the Option is to be an Incentive
Stock  Option  or  a  Nonqualified Stock Option, and the Option shall be clearly
identified as to its status as an Incentive Stock Option or a Nonqualified Stock
Option.  At  the time any Incentive Stock Option is exercised, the Company shall
be  entitled  to  place  a legend on the certificates representing the shares of
Stock  purchased  pursuant  to  the Option to clearly identify them as shares of
Stock  purchased upon exercise of an Incentive Stock Option.  An Incentive Stock
Option  may  only  be granted within ten (10) years from the earlier of the date
the  Plan  is  adopted  by  the  Board of Directors or approved by the Company's
stockholders.  All  Options  shall provide that the primary federal regulator of
the  Bank may require a Participant to exercise an Option in whole or in part if
the  capital  of  the  Bank  falls  below minimum requirements and shall further
provide  that,  if  the Participant fails to so exercise any such portion of the
Option,  that  portion  of  the  Option  shall  be  forfeited.

          (a)  Option  Price.  Subject  to adjustment in accordance with Section
               -------------
5.2  and  the  other  provisions  of  this  Section 3.2, the exercise price (the
"Exercise  Price")  per  share of Stock purchasable under any Option shall be as
set  forth  in  the  applicable Stock Incentive Agreement.  With respect to each
grant  of  an  Incentive  Stock  Option  to a Participant who is not an Over 10%
Owner, the Exercise Price per share shall not be less than the Fair Market Value
on  the  date the Option is granted.  With respect to each grant of an Incentive
Stock Option to a Participant who is an Over 10% Owner, the Exercise Price shall
not  be  less  than  110%  of  the  Fair  Market Value on the date the Option is
granted.  With  respect  to  each  grant  of  a  Nonqualified  Stock Option, the
Exercise  Price  per  share  shall  be  no  less  than  the  Fair  Market Value.

          (b)  Option  Term.  The term of an Option shall be as specified in the
               ------------
applicable  Stock Incentive Agreement; provided, however that any Option granted
to a Participant shall not be exercisable after the expiration of ten (10) years
after  the  date the Option is granted and any Incentive Stock Option granted to
an  Over  10%  Owner  shall  not be exercisable after the expiration of five (5)
years  after  the  date  the  Option  is  granted.

          (c)  Payment.  Payment  for  all shares of Stock purchased pursuant to
               -------
the  exercise  of  an  Option  shall  be made in cash or, if the Stock Incentive
Agreement  provides,  in  a  cashless  exercise  through  a  broker.   In  its
discretion,  the  Committee also may authorize (at the time an Option is granted
or  thereafter) Company financing to assist the Participant as to payment of the
Exercise  Price  on  such  terms  as  may  be  offered  by  the Committee in its
discretion.  Payment  shall  be  made  at  the  time that the Option or any part
thereof  is  exercised, and no shares shall be issued or delivered upon exercise
of an Option until full payment has been made by the Participant.  The holder of
an  Option,  as  such,  shall  have  none  of  the  rights  of  a  stockholder.

                                        7
<PAGE>
          (d)  Conditions  to  the  Exercise  of an Option.  Each Option granted
               -------------------------------------------
under  the  Plan shall be exercisable by the Participant or any other designated
person,  at  such time or times, or upon the occurrence of such event or events,
and  in  such  amounts,  as  the  Committee shall specify in the Stock Incentive
Agreement;  provided,  however,  that  subsequent to the grant of an Option, the
Committee,  at  any  time  before  complete  termination  of  such  Option,  may
accelerate  the  time or times at which such Option may be exercised in whole or
in  part, including, without limitation, upon a Change in Control and may permit
the  Participant  or  any other designated person to exercise the Option, or any
portion  thereof,  for  all or part of the remaining Option term notwithstanding
any provision of the Stock Incentive Agreement to the contrary.  Notwithstanding
the  forgoing,  no Option granted prior to the third anniversary of the date the
Bank  opens  for  business  shall  contain  provisions which allow the Option to
become  vested  and  exercisable  at  a  rate  faster  than  in  equal one-third
increments  commencing  with  the  first anniversary of the Option's grant date.

          (e)  Termination of Incentive Stock Option Status.  With respect to an
               --------------------------------------------
Incentive  Stock  Option,  in  the  event  of  the  Termination  of Service of a
Participant,  the  Option  or  portion  thereof held by the Participant which is
unexercised shall expire, terminate and become unexercisable no later than three
(3)  months after the date of termination of employment; provided, however, that
in  the  case  of  a  holder  whose termination of employment is due to death or
Disability,  up  to  one  (1)  year  may be substituted for such three (3) month
period.  For  purposes  of  this  Subsection  (e), Termination of Service of the
Participant  shall not be deemed to have occurred if the Participant is employed
by  another  corporation  (or  a  parent or subsidiary corporation of such other
corporation)  which has assumed the Incentive Stock Option of the Participant in
a  transaction  to  which  Code  Section  424(a)  is  applicable.

          (f)  Special  Provisions  for  Certain  Substitute  Options.
               ------------------------------------------------------
Notwithstanding  anything to the contrary in this Section 3.2, any Option issued
in  substitution  for  an  option  previously  issued  by  another entity, which
substitution  occurs  in  connection  with  a  transaction to which Code Section
424(a)  is  applicable, may provide for an exercise price computed in accordance
with such Code Section and the regulations thereunder and may contain such other
terms  and  conditions  as  the Committee may prescribe to cause such substitute
Option to contain as nearly as possible the same terms and conditions (including
the  applicable  vesting  and  termination provisions) as those contained in the
previously  issued  option  being  replaced  thereby.

     3.3  Treatment  of Awards Upon Termination of Service.  Except as otherwise
          ------------------------------------------------
provided  by Plan Section 3.2(e), any award under this Plan to a Participant who
suffers  a  Termination  of  Service  may  be  cancelled,  accelerated,  paid or
continued,  as  provided  in the Stock Incentive Agreement or, in the absence of
such  provision,  as  the  Committee  may  determine.  The  portion of any award
exercisable  in the event of continuation or the amount of any payment due under
a  continued award may be adjusted by the Committee to reflect the Participant's
period  of  service from the date of grant through the date of the Participant's
Termination  of  Service  or  such other factors as the Committee determines are
relevant  to  its  decision  to  continue  the  award.

                                        8
<PAGE>
                        SECTION 4  RESTRICTIONS ON STOCK

     4.1  Escrow  of  Shares.  Any certificates representing the shares of Stock
          ------------------
issued  under  the  Plan  shall be issued in the Participant's name, but, if the
Stock  Incentive  Agreement  so provides, the shares of Stock shall be held by a
custodian  designated by the Committee (the "Custodian").  Each applicable Stock
Incentive  Agreement  providing for transfer of shares of Stock to the Custodian
shall  appoint the Custodian as the attorney-in-fact for the Participant for the
term  specified in the applicable Stock Incentive Agreement, with full power and
authority  in  the  Participant's  name, place and stead to transfer, assign and
convey  to  the  Company  any  shares  of  Stock  held by the Custodian for such
Participant,  if  the  Participant  forfeits  the  shares under the terms of the
applicable  Stock  Incentive  Agreement.  During  the  period that the Custodian
holds  the  shares subject to this Section, the Participant shall be entitled to
all  rights,  except  as  provided  in the applicable Stock Incentive Agreement,
applicable  to shares of Stock not so held.  Any dividends declared on shares of
Stock  held  by  the  Custodian  shall,  as  the  Committee  may  provide in the
applicable Stock Incentive Agreement, be paid directly to the Participant or, in
the  alternative,  be retained by the Custodian until the expiration of the term
specified  in  the  applicable  Stock  Incentive  Agreement  and  shall  then be
delivered,  together  with  any  proceeds,  with  the  shares  of  Stock  to the
Participant  or  to  the  Company,  as  applicable.

     4.2  Restrictions on Transfer.  The Participant shall not have the right to
          ------------------------
make  or  permit to exist any Disposition of the shares of Stock issued pursuant
to  the  Plan  except  as provided in the Plan or the applicable Stock Incentive
Agreement.  Any  Disposition of the shares of Stock issued under the Plan by the
Participant  not  made  in  accordance  with  the  Plan  or the applicable Stock
Incentive Agreement shall be void.  The Company shall not recognize, or have the
duty  to recognize, any Disposition not made in accordance with the Plan and the
applicable  Stock  Incentive  Agreement,  and  the  shares  so transferred shall
continue  to  be bound by the Plan and the applicable Stock Incentive Agreement.

                          SECTION 5  GENERAL PROVISIONS

     5.1  Withholding.  The  Company  shall  deduct  from all cash distributions
          -----------
under  the  Plan  any  taxes  required to be withheld by federal, state or local
government.  Whenever  the  Company proposes or is required to issue or transfer
shares  of Stock under the Plan, the Company shall have the right to require the
recipient  to  remit to the Company an amount sufficient to satisfy any federal,
state  and  local  tax  withholding  requirements  prior  to the delivery of any
certificate  or  certificates  for  such  shares.  A  Participant  may  pay  the
withholding  obligation  in  cash,  by tendering shares of Stock which have been
owned  by  the  holder for at least six (6) months prior to the date of exercise
or,  if  the  applicable  Stock  Incentive Agreement provides, a Participant may
elect  to  have  the  number  of shares of Stock he is to receive reduced by the
smallest  number  of  whole  shares  of Stock which, when multiplied by the Fair
Market  Value  of  the  shares  of  Stock determined as of the Tax Date (defined
below),  is  sufficient to satisfy federal, state and local, if any, withholding
obligation arising from exercise or payment of a Stock Incentive (a "Withholding
Election").  A  Participant  may make a Withholding Election only if both of the
following  conditions  are  met:

                                        9
<PAGE>
          (a)  The  Withholding Election must be made on or prior to the date on
which  the  amount of tax required to be withheld is determined (the "Tax Date")
by  executing  and  delivering  to  the  Company  a properly completed notice of
Withholding  Election  as  prescribed  by  the  Committee;  and

          (b)  Any  Withholding  Election made will be irrevocable; however, the
Committee  may,  in  its  sole  discretion, disapprove and give no effect to the
Withholding  Election.

     5.2  Changes  in  Capitalization;  Merger;  Liquidation.
          ---------------------------------------------------

          (a)  The  number of shares of Stock reserved for the grant of Options,
the  maximum  number  of shares of Stock for which Options may be granted to any
employee  during  any  calendar year, the number of shares of Stock reserved for
issuance upon the exercise of each outstanding Option, and the Exercise Price of
each  outstanding  Option  shall be proportionately adjusted for any increase or
decrease in the number of issued shares of Stock resulting from a subdivision or
combination  of shares or the payment of an ordinary stock dividend in shares of
Stock  to  holders  of  outstanding  shares  of  Stock  or any other increase or
decrease  in  the number of shares of Stock outstanding effected without receipt
of  consideration  by  the  Company.

          (b)  In  the  event  of  any  merger,  consolidation,  reorganization,
extraordinary  dividend,  spin-off,  sale  of substantially all of the Company's
assets,  other  change  in  the  capital  structure  of the Company or its Stock
(including  any  Change  in  Control)  or  tender offer for shares of Stock, the
Committee,  in  its  sole  discretion, may make such adjustments with respect to
awards  and  take  such  other  action  as  it deems necessary or appropriate to
reflect  or  in  anticipation  of  such  merger,  consolidation, reorganization,
extraordinary  dividend,  spin-off,  sale  of substantially all of the Company's
assets,  other  change  in capital structure or tender offer, including, without
limitation;  the assumption of other awards, the substitution of new awards, the
adjustment  of  outstanding  awards  (with  or  without  the  payment  of  any
consideration),  the  acceleration  of  awards or the removal of restrictions on
outstanding  awards,  all  as  may be provided in the applicable Stock Incentive
Agreement  or, if not expressly addressed therein, as the Committee subsequently
may  determine  in  the event of any such merger, consolidation, reorganization,
extraordinary  dividend,  spin-off,  sale  of substantially all of the Company's
assets,  other  change  in  the capital structure of the Company or its Stock or
tender  offer  for  shares  of Stock or the termination of outstanding awards in
exchange for the cash value, as determined in good faith by the Committee of the
vested  and/or unvested portion of the award.  The Committee's general authority
under this Section 5.2 is limited by and subject to all other express provisions
of  the  Plan.  Any  adjustment pursuant to this Section 5.2 may provide, in the
Committee's  discretion,  for  the  elimination  without payment therefor of any
fractional  shares  that  might otherwise become subject to any Stock Incentive.

          (c)  The  existence  of  the  Plan  and  the  Stock Incentives granted
pursuant  to  the  Plan  shall  not  affect in any way the right or power of the
Company to make or authorize any adjustment, reclassification, reorganization or
other  change  in its capital or business structure, any merger or consolidation
of  the  Company,  any  issue of debt or equity securities having preferences or
priorities as to the Stock or the rights thereof, the dissolution or liquidation
of  the

                                       10
<PAGE>
Company,  any  sale or transfer of all or any part of its business or assets, or
any  other  corporate  act  or  proceeding.

     5.3  Cash  Awards.  The  Committee  may, at any time and in its discretion,
          ------------
grant to any holder of a Stock Incentive the right to receive, at such times and
in  such amounts as determined by the Committee in its discretion, a cash amount
which  is intended to reimburse such person for all or a portion of the federal,
state  and  local  income taxes imposed upon such person as a consequence of the
receipt  of  the  Stock  Incentive  or  the  exercise  of  rights  thereunder.

     5.4  Compliance  with  Code.  All  Incentive  Stock  Options  to be granted
          ----------------------
hereunder  are  intended  to comply with Code Section 422, and all provisions of
the Plan and all Incentive Stock Options granted hereunder shall be construed in
such  a  manner  as  to  effectuate  that  intent.

     5.5  Right  to  Terminate  Service.  Nothing  in  the  Plan or in any Stock
          -----------------------------
Incentive  Agreement  shall confer upon any Participant the right to continue as
an  employee,  director, organizer or officer of the Company or affect the right
of  the  Company  to  terminate  the  Participant's  services  at  any  time.

     5.6  Restrictions  on  Delivery  and  Sale  of Shares; Legends.  Each Stock
          ---------------------------------------------------------
Incentive  is subject to the condition that if at any time the Committee, in its
discretion,  shall  determine that the listing, registration or qualification of
the shares covered by such Stock Incentive upon any securities exchange or under
any  state  or  federal  law  is  necessary or desirable as a condition of or in
connection with the granting of such Stock Incentive or the purchase or delivery
of  shares  thereunder, the delivery of any or all shares pursuant to such Stock
Incentive  may  be  withheld  unless  and  until  such  listing, registration or
qualification  shall  have been effected.  If a registration statement is not in
effect  under the Securities Act of 1933 or any applicable state securities laws
with  respect  to the shares of Stock purchasable or otherwise deliverable under
Stock  Incentives then outstanding, the Committee may require, as a condition of
exercise of any Option or as a condition to any other delivery of Stock pursuant
to  a  Stock  Incentive,  that  the  Participant  or  other recipient of a Stock
Incentive  represent, in writing, that the shares received pursuant to the Stock
Incentive  are being acquired for investment and not with a view to distribution
and  agree  that  the  shares  will  not  be  disposed  of except pursuant to an
effective  registration  statement,  unless  the  Company shall have received an
opinion  of  counsel that such disposition is exempt from such requirement under
the  Securities  Act  of  1933  and  any  applicable state securities laws.  The
Company  may include on certificates representing shares delivered pursuant to a
Stock  Incentive  such  legends  referring  to  the foregoing representations or
restrictions  or  any other applicable restrictions on resale as the Company, in
its  discretion,  shall  deem  appropriate.

     5.7  Non-Alienation  of  Benefits.  Other  than  as  specifically  provided
          ----------------------------
herein,  no  benefit  under  the  Plan  shall  be  subject  in  any  manner  to
anticipation,  alienation,  sale,  transfer,  assignment, pledge, encumbrance or
charge; and any attempt to do so shall be void.  No such benefit shall, prior to
receipt by the Participant, be in any manner liable for or subject to the debts,
contracts,  liabilities,  engagements  or  torts  of  the  Participant.

                                       11
<PAGE>
     5.8  Termination  and Amendment of the Plan.  The Board of Directors at any
          --------------------------------------
time  may  amend  or  terminate the Plan without stockholder approval; provided,
however, that the Board of Directors may condition any amendment on the approval
of  stockholders  of the Company if such approval is necessary or advisable with
respect  to  tax,  securities  or other applicable laws.  No such termination or
amendment without the consent of the holder of a Stock Incentive shall adversely
affect  the  rights  of  the  Participant  under  such  Stock  Incentive.

     5.9  Stockholder  Approval.  The Plan must be submitted to the stockholders
          ---------------------
of  the Company for their approval within twelve (12) months before or after the
adoption  of  the  Plan  by  the  Board  of  Directors.

    5.10  Choice  of  Law.  The  laws  of the State of Georgia shall govern the
          ---------------
Plan,  to  the  extent  not  preempted  by  federal  law.

    5.11  Effective  Date  of  the Plan.  The Plan was approved by the Board of
          -----------------------------
Directors  on  March  9,  2004  and  will  be  effective  as  of  that  date.

                                    NEIGHBORS BANCSHARES, INC.

                                    By:    /s/ Phil Baldwin
                                    --------------------------------------------

                                    Title: President and Chief Executive Officer
                                    --------------------------------------------
     /s/ Benjamin H. Schnell
-------------------------------
ATTEST:

     Benjamin H. Schnell
-------------------------------
Secretary

     [SEAL]

                                       12
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00081-of-00352.parquet"}]]