Document:

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                                                                    Exhibit 10.3

                              EMPLOYMENT AGREEMENT

     This agreement made and entered into this 20th day of May 2003, between 1st
Georgia Banking Company, located in Franklin, Heard County, Georgia, ("the
Bank") and Teresa L. Martin ("employee");

     WHEREAS, the Bank is a state bank, regulated by the Georgia Department of
Banking and Finance, insured by the Federal Deposit Insurance Corporation, and
located in Franklin, Heard County; and

     WHEREAS, the Bank wants to employ employee as Chief Financial Officer of
the Bank; and

     WHEREAS, the parties desire to enter into this agreement setting forth the
terms and conditions of the employment relationship of the Bank and the
employee:

     NOW, THEREFORE, it is AGREED as follows:

                     I. RELATIONSHIPS ESTABLISHED AND DUTIES

     1.   The Bank hereby will employ the employee as Chief Financial Officer to
          perform such services and duties as the Board of Directors may, from
          time to time, designate during the term hereof. Subject to the terms
          and conditions hereof, employee will perform such duties and exercise
          such authority as are customarily performed and exercised by persons
          holding such office, subject to the general direction of the Board of
          Directors of the Bank, exercised in good faith in accordance with
          standards of reasonable business judgment.

     2.   Employee accepts such employment and shall devote her full time,
          attention, and efforts to the diligent performance of her duties
          herein specified and as an officer and director of the Bank and will
          not accept employment with any other individual, corporation,
          partnership, governmental authority, or any other entity, or engage in
          any other venture for profit, which the Bank may consider to be in
          conflict with her or its best interest or to be in competition with
          the Bank's business, or which may interfere in any way with the
          employee's performance of her duties hereunder. Any exception to this
          must be made by notification and approval of the Board.

                             II. TERMS OF EMPLOYMENT

     1.   The initial term of employment under this Agreement shall continue for
          5 (five) years unless such is terminated pursuant to the terms hereof
          or by the first to occur of the conditions to be stated hereinafter.
          This Agreement will be automatically extended each year after the
          initial term unless either party gives 90 (ninety) days contrary
          written notice to the other. The term previously stated
          notwithstanding this contract shall be terminated by the earlier to
          occur if any of the following:

          a.   The death of the employee;

          b.   The complete disability of employee. "Complete disability" as
               used herein shall mean the inability of employee, due to illness,
               accident or other physical or mental incapacity to perform the
               services provided for hereunder for an aggregate of sixty days
               within any period of 120 consecutive days during the term hereof;
               provided, however, disability shall not constitute a basis for
               discharge for cause;

          c.   The discharge of employee by the Bank for cause. "Cause" as used
               herein shall mean:

               1)   Such negligence or misconduct as shall constitute, as a
                    matter of law, a breach of the covenants and obligations of
                    employee hereunder;

               2)   Failure or refusal of employee to comply with the provisions
                    of this agreement;

               3)   Employee being convicted of any duly constituted court with
                    competent jurisdiction of a crime involving moral turpitude;
                    or

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               4)   At the discretion of the Board, this contract may be
                    terminated if there are acts the Board feels are moral
                    turpitude.

     Termination of employee's employment shall constitute a tender by employee
of her resignation as an officer of the Bank. In the event of termination by the
Bank other than for cause, then the employee is entitled to severance pay equal
to two (2) months salary.

                                III. COMPENSATION

     For all services which employees may render to the Bank during the terms
hereof, the Bank shall pay to employee, subject to such deductions as may be
required by law;

     1.   Base Salary.

               An annual salary of $98,000 payable in bi-monthly installments
          and subject to such deductions as may be required by law, for the next
          12 months. Thereafter, annual increase reviews will be done during the
          month of December for a January 1 effective increase date during the
          terms of this Agreement so that for the 12 months beginning on each
          such anniversary date, the employee's salary increases will take
          effect. The annual increase will be not less than the cost of living
          index. The Board has sole discretion as to the amount of employee's
          compensation.

     2.   Performance Bonus.

               Employee shall be entitled, in an equitable manner based 0 n the
          terms of any bonus and incentive plans that have been approved or may,
          from time to time, be approved by the Board of Directors to the Bank's
          key management employees, to such incentives and discretionary bonus
          that may be authorized, declared and paid by the Board of Directors.

     3.   Stock Options.

               At the close of the initial sale of stock, employee will be
          awarded stock options exercisable for 15,000 shares of stock. These
          options shall vest over a three-year period and expire upon the
          earlier of (i) the tenth anniversary of the date of grant or (ii)
          three months after employee's termination of employment. The vesting
          period shall accelerate in the case of a change in control transaction
          or in the event of employee's death. The stock option grant shall be
          evidenced by a separate grant agreement between employee and the Bank.
          In the event that there is a conflict between this agreement and the
          stock option grant agreement, the terms of the stock option grant
          agreement shall control.

                               IV. OTHER BENEFITS

     1.   The employee shall be entitled to participate in any plan of the Bank,
          relating to stock options, stock purchases, profit sharing, group life
          insurance, medical coverage, education, or other retirement or
          employee benefits that the Bank my adopt for the benefit of its
          employees. The employee shall be entitled to a comprehensive annual
          physical paid by the bank.

     2.   The employee shall be eligible to participate in any other benefits
          which may be or become applicable to the Bank's executive employees,
          shall be furnished with a car with all expenses of maintenance to
          cover all automobile use, a reasonable expense account, the payment of
          reasonable expenses for attending annual and periodic meetings of
          trade associations, and any other benefits which are commensurate with
          the responsibilities and functions to be performed by the employee
          under this Agreement. Employer also agrees to pay all reasonable
          expenses in connection with the attendance and participation at said
          trade association meetings by employee's spouse.

     3.   At such reasonable times as the Board of Directors shall in its
          discretion permit, the employee shall be entitled, without loss of
          pay, to absent herself voluntarily from the performance of her
          employment under this Agreement, all such voluntary absences shall
          count as vacation time, provided that:

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          a.   The employee shall be entitled to an annual vacation of 4 (four)
               weeks per year.

          b.   The timing of vacations shall be scheduled in a reasonable manner
               by the employee. The employees shall not be entitled to receive
               any additional compensation from the Bank on account of her
               failure to take a vacation; nor shall she be entitled to
               accumulate unused vacation time from one calendar year to the
               next.

          c.   In addition to the aforesaid paid vacations, the employee shall
               be entitled, without loss or pay to absent herself voluntarily
               from the performance of her employment with the Bank for such
               additional periods of time and for such valid and legitimate
               reasons as the Board 0 f Directors in its discretion m ay
               determine. Further, the Board of Directors shall be entitled to
               grant to the employee a leave or leaves of absence with or
               without pay at such time or times and upon such terms and
               conditions as the Board, in its discretion, may determine.

     4.   In the event of any attempt by a former employer or employee to enjoin
          or seeks damages for employee's employment with the Bank whether by
          written demand or by legal action, including but not limited to
          actions related to restrictive covenants, trade secrets, and
          interference with business relations, the Bank agrees to indemnify
          employee in the amount of any judgment, attorney's fees, or costs
          incurred by or against employee arising out of such action.

                              V. CHANGE OF CONTROL

     1.   If during the term of this Agreement and within one (1) year after a
          change in control (as defined in 3 below) the Bank shall terminate
          employee without cause (as defined in Section II, paragraph 1, c.) or
          employee shall terminate employment for "good reason" (as defined in 4
          below), then the employee shall be entitled to receive her salary
          through the last day of the calendar month of the termination, or
          payment in lieu of the notice period. In addition, the terminated
          employee shall receive an amount equal to two (2) times her then
          existing annual base salary (the "Severance Payment"). The Severance
          Payment shall be in addition to any amount otherwise owed to the
          employee pursuant to this Agreement. Employee may also notify Bank (or
          its successor) within 90 days after a change of control that she is
          terminating her employment, in which case employee shall be entitled
          to the Severance Payment.

     2.   The following items are automatically considered due and payable in
          the event that change of control occurs:

          a.   Non- forfeitable deferred compensation shall be paid out in full.

          b.   Long-term performance plan objective payments as described in
               Section III, 2, shall be declared accomplished and earned based
               upon performance up to date of the COC.

          c.   In the event that the employee is a participant in a restricted
               stock plan, or share option plan, and such plan is terminated
               involuntarily as a result of the COC, all stock and options shall
               be declared 100% vested and distributed.

     3.   The term "control" shall refer to the acquisition of 25 percent or
          more of the voting securities of the Bank by any person, or persons
          acting as a group within the meaning of Section 13(d) of the
          Securities Exchange Act of 1934 or to such acquisition of a percentage
          between 10 percent and 25 percent if the Board of Directors of the
          Bank or the Comptroller of the Currency, the FDIC, or the Federal
          Reserve Bank have made a determination that such acquisition
          constitutes or will constitute control of the Bank. However, a
          reorganization of the Bank into a holding company structure where the
          Bank's shareholders become shareholders of the holding company in a
          pro rata fashion shall not constitute a change in control. The term
          "person" refers to an individual, corporation, Bank, bank holding
          company, or other entity.

     4.   The term "good reason" shall mean any of the following:

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          a.   without the written consent of employee, a change in employee's
               status, title, position or responsibilities (including reporting
               responsibilities) which represents an adverse change from her
               status, title, position or responsibilities as in effect at the
               date of this agreement or, if greater, at any time thereafter;
               the assignment to employee of any duties or responsibilities
               which, in employee's reasonable judgment, are inconsistent with
               her status, title, position or responsibilities as in effect at
               the date of this agreement or, if greater, at any time
               thereafter; or any other change in condition or circumstances
               that in employee's reasonable judgment makes it materially more
               difficult for employee to carry out the duties and
               responsibilities of her then-existing office; provided that good
               reason under this subparagraph (i) excludes an isolated,
               insubstantial and inadvertent action not taken in bad faith and
               which is remedied by the Bank promptly after receipt of notice
               thereof given by employee;

          b.   a reduction, without the written consent of employee, in
               employee's base salary as in effect on the date of this agreement
               or as the same may be increased from time to time, or any failure
               to pay employee any compensation or benefits to which she is
               entitled within five (5) days of the date due;

          c.   the failure by the Bank (a) to continue in effect (without
               reduction in benefit level and/or reward opportunities) any
               compensation or employee benefit plan in which employee
               participated as of the date of this agreement, or at any time
               thereafter, that is material to employee's total compensation,
               unless an equitable arrangement (embodied in an ongoing
               substitute or alternative plan) has been made with respect to
               such plan, or (b) to continue employee's participation therein
               (or in such substitute or alternative plan) on a basis not
               materially less favorable, both in terms of the amount of
               benefits provided and the level of employee's participation
               therein relative to other participants;

          d.   the Bank's requiring employee, without her consent to be based at
               any office or location other than in Carrollton, Georgia;

          e.   the insolvency or the filing by any party, including the Bank or
               any of its subsidiaries, of a petition for bankruptcy of the Bank
               or any such subsidiary, which petition is not dismissed within
               sixty (60) days;

          f.   any purported termination by the Bank of employee's employment
               otherwise than as expressly permitted by this agreement; or

          g.   the material breach by the Bank of any provision of this
               agreement.

     Employee's continued employment shall not constitute consent to, or a
waiver of rights with respect to, any circumstance constituting good reason
hereunder.

                         VI. POST TERMINATION COVENANTS

     1.   If during the term hereof employee shall cease employment hereunder
          for any reason, then employee agrees that for one year following such
          termination she will not, without the prior written consent of the
          Bank:

          a.   Directly or indirectly seek or obtain employment with any entity
               engaged in the business of banking where employee's duties would
               be the same or similar to those services actually performed by
               employee for the Bank, provided that the foregoing restriction
               shall only apply to the area that falls within a 20-mile radius
               of the Bank's primary location in Franklin, Georgia; or

          b.   Furnish anyone with the name of, or any list or list of customers
               of the Bank or utilize such list or information herself for
               banking purposes; or

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          c.   Furnish, use, or divulge to anyone any information acquired by
               her from the Bank relating to the Bank's methods of doing
               business; or

          d.   Contact directly or indirectly any customer of the Bank with whom
               employee had material contact during the 12 months immediately
               preceding the termination of employment for banking solicitation
               purposes; or

          e.   Hire for any other Bank or employer (including herself) any
               employee of the Bank or directly or indirectly cause such
               employees to leave his or her employment to work for another.

     2.   It is understood and agreed by the parties hereto that the provisions
          of this section are independent of each other, and the invalidity of
          any such provision or portion thereof shall not affect the validity or
          enforceability of any other provisions of this agreement. It is
          further agreed that, in the event employee breaches, or threatens to
          commit a breach of, any of the provisions of the restrictive covenants
          set forth in this Section VI, the Bank shall have the right and remedy
          to enjoin, preliminarily and permanently, employee from violating or
          threatening to violate the restrictive covenants and to have the
          restrictive covenants specifically enforced by any court of competent
          jurisdiction, it being agreed that any breach or threatened breach of
          the restrictive covenants would cause irreparable injury to the Bank
          and that money damages would not provide an adequate remedy to the
          Bank. Such right and remedy shall be in addition to, and not in lieu
          of, any other rights and remedies available to the Bank in law or in
          equity.

                            VII. WAIVER OF PROVISIONS

     Failure of any of the parties to insist, in one or more instances, on
performance by the others in strict accordance with the terms and conditions of
this agreement shall not be deemed a waiver or relinquishment of any right
granted hereunder of the future performance of any such term or condition or of
any other term or condition of this agreement, unless such waiver is contained
in a writing signed by or on behalf of all the parties.

                              VIII. GOVERNING LAW

     This agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Georgia. If for any reason any
provision of this agreement shall be held by a court of competent jurisdiction
to void or unenforceable, the same shall not affect the remaining provisions
thereof.

                         IX. MODIFICATION AND AMENDMENT

     This agreement contains the sole and entire agreement among the parties
hereto and supersedes all prior discussions and agreements among the parties,
and any such prior Agreements shall, from and after the date hereof, be null and
void. This agreement shall not be modified or amended except by an instrument in
writing signed by or on behalf of the parties hereto.

                          X. COUNTERPARTS AND HEADINGS

     This agreement may be executed simultaneously in any number of
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same instrument. The headings set out herein are for
convenience of reference and shall not be deemed a part of this agreement.

                           XI. CONTRACT NON-ASSIGNABLE

     This agreement may not be assigned or transferred by any party hereto, in
whole or in part, without the prior written consent of the other except that the
Bank may assign this agreement to a successor in interest provided that such
assignee assumes the Bank's obligations hereunder.

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     IN WITNESS WHEREOF, the parties hereto have executed this agreement as of
the year and date first above written.

                                        1st GEORGIA BANKING COMPANY

                                        By: /s/ Jackie L. Reed
                                            ------------------------------------
                                        Name: Jackie L. Reed
                                        Title: CEO

                                        /s/ Teresa L. Martin
                                        ----------------------------------------
                                        Teresa L. Martin<PAGE>

                                                                    Exhibit 10.4

                              EMPLOYMENT AGREEMENT

     This agreement made and entered into this 5th day of September 2003,
between 1st Georgia Banking Company, located in Franklin, Heard County, Georgia,
("the Bank") and Greg Akins ("employee");

     WHEREAS, the Bank is a state bank, regulated by the Georgia Department of
Banking and Finance, insured by the Federal Deposit Insurance Corporation, and
located in Franklin, Heard County; and

     WHEREAS, the Bank wants to employ employee as Executive Vice-President and
Senior Credit Officer of the Bank; and

     WHEREAS, the parties desire to enter into this agreement setting forth the
terms and conditions of the employment relationship of the Bank and the
employee:

     NOW, THEREFORE, it is AGREED as follows:

                    I. RELATIONSHIPS ESTABLISHED AND DUTIES

     1.   The Bank hereby will employ the employee as EVP, Senior Credit Officer
          to perform such services and duties as the Board of Directors may,
          from time to time, designate during the term hereof. Subject to the
          terms and conditions hereof, employee will perform such duties and
          exercise such authority as are customarily performed and exercised by
          persons holding such office, subject to the general direction of the
          Board of Directors of the Bank, exercised in good faith in accordance
          with standards of reasonable business judgment.

     2.   Employee accepts such employment and shall devote his full time,
          attention, and efforts to the diligent performance of his duties
          herein specified and as an officer of the Bank and will not accept
          employment with any other individual, corporation, partnership,
          governmental authority, or any other entity, or engage in any other
          venture for profit, which the Bank may consider to be in conflict with
          his or its best interest or to be in competition with the Bank's
          business, or which may interfere in any way with the employee's
          performance of his duties hereunder. Any exception to this must be
          made by notification and approval of the Board.

                            II. TERMS OF EMPLOYMENT

     1.   The initial term of employment under this Agreement shall continue for
          5 (five) years unless such is terminated pursuant to the terms hereof
          or by the first to occur of the conditions to be stated hereinafter.
          This Agreement will be automatically extended each year after the
          initial term unless either party gives 90 (ninety) days contrary
          written notice to the other. The term previously stated
          notwithstanding this contract shall be terminated by the earlier to
          occur if any of the following:

          a.   The death of the employee;

          b.   The complete disability of employee. "Complete disability" as
               used herein shall mean the inability of employee, due to illness,
               accident or other physical or mental incapacity to perform the
               services provided for hereunder for an aggregate of sixty days
               within any period of 120 consecutive days during the term hereof;
               provided, however, disability shall not constitute a basis for
               discharge for cause;

          c.   The discharge of employee by the Bank for cause. "Cause" as used
               herein shall mean:

               1)   Such negligence or misconduct as shall constitute, as a
                    matter of law, a breach of the covenants and obligations of
                    employee hereunder;

               2)   Failure or refusal of employee to comply with the provisions
                    of this agreement;

               3)   Employee being convicted of any duly constituted court with
                    competent jurisdiction of a crime involving moral turpitude;
                    or

<PAGE>

               4)   At the discretion of the Board, this contract may be
                    terminated if there are acts the Board feels are moral
                    turpitude.

     Termination of employee's employment shall constitute a tender by employee
of his resignation as an officer of the Bank In the event of termination by the
Bank other than for cause, then the employee is entitled to severance pay equal
to twelve (12) months salary.

                               III. COMPENSATION

     For all services which employees may render to the Bank during the terms
hereof, the Bank shall pay to employee, subject to such deductions as may be
required by law;

     1.   Base Salary.

               An annual salary of $120,000 payable in bi-monthly installments
          and subject to such deductions as may be required by law, for the next
          12 months. Thereafter, annual increase reviews will be done during the
          month of December for a January 1 effective increase date during the
          terms of this Agreement so that for the 12 months beginning on each
          such anniversary date, the employee's salary increases will take
          effect. The annual increase will be not less than the cost of living
          index. The Board has sole discretion as to the amount of employee's
          compensation.

     2.   Performance Bonus.

               Employee shall be entitled, in an equitable manner based on the
          terms of any bonus and incentive plans that have been approved or may,
          from time to time, be approved by the Board of Directors to the Bank's
          key management employees, to such incentives and discretionary bonus
          that may be authorized, declared and paid by the Board of Directors.

     3.   Stock Options.

               At the close of the initial sale of stock, employee will be
          awarded stock options exercisable for 20,000 shares of stock. These
          options shall vest over a 3-year period and expire upon the earlier of
          (i) the tenth anniversary of the date of grant or (ii) three months
          after employee's termination of employment. The vesting period shall
          accelerate in the case of a change in control transaction or in the
          event of employee's death. The stock option grant shall be evidenced
          by a separate grant agreement between employee and the Bank. In the
          event that there is a conflict between this agreement and the stock
          option grant agreement, the terms of the stock option grant agreement
          shall control.

                               IV. OTHER BENEFITS

     1.   The employee shall be entitled to participate in any plan of the Bank,
          relating to stock options, stock purchases, profit sharing, group life
          insurance, medical coverage, education, or other retirement or
          employee benefits that the Bank may adopt for the benefit of its
          employees. The employee shall be entitled to a comprehensive annual
          physical paid by the bank. The employee shall be entitled to family
          medical, dental and vision insurance and the bank agrees to pay the
          premium for each stated benefit. The bank agrees to pay the STD, LTD
          and Life insurance premiums.

     2.   The employee shall be entitled to receive an allowance to offset the
          cost associated with operating his personal vehicle in connection with
          his employment relationship with the Bank. This car allowance of
          $1,000 per month, shall be paid to employee on the Bank's normal pay
          cycle.

     3.   The employee shall be eligible to participate in any other benefits
          which may be or become applicable to the Bank's executive employees, a
          reasonable expense account, the payment of reasonable expenses for
          attending annual and periodic meetings of trade associations, and any
          other benefits which are commensurate with the responsibilities and
          functions to be performed by the employee under this Agreement.
          Employer also agrees to pay all reasonable expenses in

<PAGE>

          connection with the attendance and participation at said trade
          association meetings by employee's spouse.

     4.   At such reasonable times as the Board of Directors shall in its
          discretion permit, the employee shall be entitled, without loss of
          pay, to absent himself voluntarily from the performance of his
          employment under this Agreement, all such voluntary absences shall
          count as vacation time, provided that:

          a.   The employee shall be entitled to an annual vacation of 4 (four)
               weeks per year.

          b.   The timing of vacations shall be scheduled in a reasonable manner
               by the employee. The employees shall not be entitled to receive
               any additional compensation from the Bank on account of his
               failure to take a vacation; nor shall he be entitled to
               accumulate unused vacation time from one calendar year to the
               next.

          c.   In addition to the aforesaid paid vacations, the employee shall
               be entitled, without loss or pay to absent himself voluntarily
               from the performance of his employment with the Bank for such
               additional periods of time and for such valid and legitimate
               reasons as the Board of Directors in its discretion may
               determine. Further, the Board of Directors shall be entitled to
               grant to the employee a leave or leaves of absence with or
               without pay at such time or times and upon such terms and
               conditions as the Board, in its discretion, may determine.

     5.   In the event of any attempt by a former employer or employee to enjoin
          or seeks damages for employee's employment with the Bank whether by
          written demand or by legal action, including but not limited to
          actions related to restrictive covenants, trade secrets, and
          interference with business relations, the Bank agrees to indemnify
          employee in the amount of any judgment, attorney's fees, or costs
          incurred by or against employee arising out of such action.

                              V. CHANGE OF CONTROL

     1.   If during the term of this Agreement and within one (1) year after a
          change in control (as defined in 3 below) the Bank shall terminate
          employee without cause (as defined in Section II, paragraph 1, c.) or
          employee shall terminate employment for "good reason" (as defined in 4
          below), then the employee shall be entitled to receive his salary
          through the last day of the calendar month of the termination, or
          payment in lieu of the notice period. In addition, the terminated
          employee shall receive an amount equal to two (2) times his then
          existing annual base salary (the "Severance Payment"). The Severance
          Payment shall be in addition to any amount otherwise owed to the
          employee pursuant to this Agreement. Employee may also notify Bank (or
          its successor) within 90 days after a change of control that he is
          terminating his employment, in which case employee shall be entitled
          to the Severance Payment.

     2.   The following items are automatically considered due and payable in
          the event that change of control occurs:

          a.   Non-forfeitable deferred compensation shall be paid out in full.

          b.   Long-term performance plan objective payments as described in
               Section III, 2, shall be declared accomplished and earned based
               upon performance up to date of the COC.

          c.   In the event that the employee is a participant in a restricted
               stock plan, or share option plan, and such plan is terminated
               involuntarily as a result of the COC, all stock and options shall
               be declared 100% vested and distributed.

     3.   The term "control" shall refer to the acquisition of 25 percent or
          more of the voting securities of the Bank by any person, or persons
          acting as a group within the meaning of Section 13(d) of the
          Securities Exchange Act of 1934 or to such acquisition of a percentage
          between 10 percent and 25

<PAGE>

          percent if the Board of Directors of the Bank or the Comptroller of
          the Currency, the FDIC, or the Federal Reserve Bank have made a
          determination that such acquisition constitutes or will constitute
          control of the Bank. However, a reorganization of the Bank into a
          holding company structure where the Bank's shareholders become
          shareholders of the holding company in a pro rata fashion shall not
          constitute a change in control. The term "person" refers to an
          individual, corporation, Bank, bank holding company, or other entity.

     4.   The term "good reason" shall mean any of the following:

          a.   without the written consent of employee, a change in employee's
               status, title, position or responsibilities (including reporting
               responsibilities) which represents an adverse change from his
               status, title, position or responsibilities as in effect at the
               date of this agreement or, if greater, at any time thereafter;
               the assignment to employee of any duties or responsibilities
               which, in employee's reasonable judgment, are inconsistent with
               his status, title, position or responsibilities as in effect at
               the date of this agreement or, if greater, at any time
               thereafter; or any other change in condition or circumstances
               that in employee's reasonable judgment makes it materially more
               difficult for employee to carry out the duties and
               responsibilities of his then-existing office; provided that good
               reason under this subparagraph (i) excludes an isolated,
               insubstantial and inadvertent action not taken in bad faith and
               which is remedied by the Bank promptly after receipt of notice
               thereof given by employee;

          b.   a reduction, without the written consent of employee, in
               employee's base salary as in effect on the date of this agreement
               or as the same may be increased from time to time, or any failure
               to pay employee any compensation or benefits to which he is
               entitled within five (5) days of the date due;

          c.   the failure by the Bank (a) to continue in effect (without
               reduction in benefit level and/or reward opportunities) any
               compensation or employee benefit plan in which employee
               participated as of the date of this agreement, or at any time
               thereafter, that is material to employee's total compensation,
               unless an equitable arrangement (embodied in an ongoing
               substitute or alternative plan) has been made with respect to
               such plan, or (b) to continue employee's participation therein
               (or in such substitute or alternative plan) on a basis not
               materially less favorable, both in terms of the amount of
               benefits provided and the level of employee's participation
               therein relative to other participants;

          d.   the Bank's requiring. employee, without his consent, to be. based
               at any office or location other than in Heard County, Georgia;

          e.   the insolvency or the filing by any party, including the Bank or
               any of its subsidiaries, of a petition for bankruptcy of the Bank
               or any such subsidiary, which petition is not dismissed within
               sixty (60) days;

          f.   any purported termination by the Bank of employee's employment
               otherwise than as expressly permitted by this agreement; or

          g.   the material breach by the Bank of any provision of this
               agreement.

     Employee's continued employment shall not constitute consent to, or a
waiver of rights with respect to, any circumstance constituting good reason
hereunder.

                         VI. POST TERMINATION COVENANTS

     1.   If during the term hereof employee shall cease employment hereunder
          for any reason, then employee agrees that for one year following such
          termination he will not, without the prior written consent of the
          Bank:

<PAGE>

          a.   Directly or indirectly seek or obtain employment with any entity
               engaged in the business of banking where employee's duties would
               be the same or similar to those services actually performed by
               employee for the Bank, provided that the foregoing restriction
               shall only apply to the area that falls within a 20-mile radius
               of the Bank's primary location in Franklin, Georgia; or

          b.   Furnish anyone with the name of, or any list or list of customers
               of the Bank or utilize such list or information himself for
               banking purposes; or

          c.   Furnish, use, or divulge to anyone any information acquired by
               his from the Bank relating to the Bank's methods of doing
               business; or

          d.   Contact directly or indirectly any customer of the Bank with whom
               employee had material contact during the 12 months immediately
               preceding the termination of employment for banking solicitation
               purposes; or

          e.   Hire for any other Bank or employer (including himself) any
               employee of the Bank or directly or indirectly cause such
               employees to leave his or her employment to work for another.

     2.   It is understood and agreed by the parties hereto that the provisions
          of this section are independent of each other, and the invalidity of
          any such provision or portion thereof shall not affect the validity or
          enforceability of any other provisions of this agreement. It is
          further agreed that, in the event employee breaches, or threatens to
          commit a breach of, any of the provisions of the restrictive covenants
          set forth in this Section VI, the Bank shall have the right and remedy
          to enjoin, preliminarily and permanently, employee from violating or
          threatening to violate the restrictive covenants and to have the
          restrictive covenants specifically enforced by any court of competent
          jurisdiction, it being agreed that any breach or threatened breach of
          the restrictive covenants would cause irreparable injury to the Bank
          and that money damages would not provide an adequate remedy to the
          Bank. Such right and remedy shall be in addition to, and not in lieu
          of, any other rights and remedies available to the Bank in law or in
          equity.

                           VII. WAIVER OF PROVISIONS

     Failure of any of the parties to insist, in one or more instances, on
performance by the others in strict accordance with the terms and conditions of
this agreement shall not be deemed a waiver or relinquishment of any right
granted hereunder of the future performance of any such term or condition or of
any other term or condition of this agreement, unless such waiver is contained
in a writing signed by or on behalf of all the parties.

                              VIII. GOVERNING LAW

     This agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Georgia. If for any reason any
provision of this agreement shall be held by a court of competent jurisdiction
to void or unenforceable, the same shall not affect the remaining provisions
thereof.

                         IX. MODIFICATION AND AMENDMENT

     This agreement contains the sole and entire agreement among the parties
hereto and supersedes all prior discussions and agreements among the parties,
and any such prior Agreements shall, from and after the date hereof, be null and
void. This agreement shall not be modified or amended except by an instrument in
writing signed by or on behalf of the parties hereto.

                          X. COUNTERPARTS AND HEADINGS

     This agreement may be executed simultaneously in any number of
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same instrument. The headings set out herein are for
convenience of reference and shall not be deemed a part of this agreement.

<PAGE>

                          XI. CONTRACT NON-ASSIGNABLE

     This agreement may not be assigned or transferred by any party hereto, in
whole or in part, without the prior written consent of the other except that the
Bank may assign this agreement to a successor in interest provided that such
assignee assumes the Bank's obligations hereunder.

     IN WITNESS WHEREOF, the parties hereto have executed this agreement as of
the year and date first above written.

                                        1st GEORGIA BANKING COMPANY

                                        By: /s/ Jackie L. Reed
                                            ------------------------------------
                                        Name: Jackie L. Reed
                                        Title: CEO

                                        /s/ Greg S. Akins
                                        ----------------------------------------
                                        Greg Akins

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