Document:

Exhibit 10.10

                     EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN

                               EXECUTIVE AGREEMENT

     THIS  AGREEMENT  is  made and entered into this ____ day of ______________,
2002, by and between Cherokee Bank, a bank organized and existing under the laws
of  the  State  of  Georgia  (hereinafter  referred  to  as  the  "Bank"),  and
_________________,  an  Executive  of  the  Bank (hereinafter referred to as the
"Executive").

     WHEREAS,  the  Executive  is now in the employ of the Bank and has for many
years faithfully served the Bank.  It is the consensus of the Board of Directors
(hereinafter referred to as the "Board") that the Executive's services have been
of  exceptional  merit,  in  excess  of  the compensation paid and an invaluable
contribution  to  the profits and position of the Bank in its field of activity.
The  Board  further  believes  that  the  Executive's  experience,  knowledge of
corporate  affairs,  reputation and industry contacts are of such value, and the
Executive's  continued  services  so  essential  to the Bank's future growth and
profits,  that  it  would  suffer  severe  financial  loss  should the Executive
terminate  their  services;

     ACCORDINGLY, the Board has adopted the Cherokee Bank Executive Supplemental
Retirement  Plan  Executive Agreement (hereinafter referred to as the "Executive
Plan")  and  it  is  the desire of the Bank and the Executive to enter into this
Agreement  under  which  the  Bank  will  agree  to make certain payments to the
Executive upon the Executive's retirement or to the Executive's beneficiary(ies)
in  the  event  of  the  Executive's  death  pursuant  to  the  Executive  Plan;

     FURTHERMORE,  it  is  the  intent of the parties hereto that this Executive
Plan  be  considered  an  unfunded  arrangement  maintained primarily to provide
supplemental  retirement  benefits  for  the  Executive,  and to be considered a
non-qualified  benefit  plan  for  purposes  of  the  Employee Retirement Income
Security  Act  of 1974, as amended ("ERISA").  The Executive is fully advised of
the  Bank's  financial  status  and  has had substantial input in the design and
operation  of  this  benefit  plan;  and

     NOW  THEREFORE, in consideration of services the Executive has performed in
the  past  and  those  to  be performed in the future, and based upon the mutual
promises  and  covenants  herein  contained, the Bank and the Executive agree as
follows:

I.     DEFINITIONS

     A.     Effective  Date:
            ---------------

            The Effective Date of the Executive Plan shall be November 30, 2001.

<PAGE>
     B.     Plan  Year:

            Any  reference  to  the  "Plan Year" shall mean a calendar year from
            January  1st  to  December  31st. In the year of implementation, the
            term  "Plan  Year"  shall mean the period from the Effective Date to
            December  31st  of  the  year  of  the  Effective  Date.

     C.     Retirement  Date:
            ----------------

            Retirement  Date  shall  mean  retirement from service with the Bank
            which  becomes  effective  on  the  first  day of the calendar month
            following  the  month  in which the Executive reaches age sixty-five
            (65)  or  such  later  date  as  the  Executive may actually retire.

     D.     Termination  of  Service:
            ------------------------

            Termination  of  Service  shall  mean  the  Executive's  voluntary
            resignation  of  service by the Executive or the Bank's discharge of
            the  Executive  without  cause,  prior  to the Normal Retirement Age
            (Subparagraph  I  [J]).

     E.     Pre-Retirement  Account:
            -----------------------

            A Pre-Retirement Account shall be established as a liability reserve
            account  on  the books of the Bank for the benefit of the Executive.
            Prior  to  the Executive's Termination of Service or the Executive's
            retirement,  whichever  event  shall  first  occur,  such  liability
            reserve  account  shall  be  increased  or decreased each Plan Year,
            until  the aforestated event occurs, by the Index Retirement Benefit
            (Subparagraph  I  [F]).

     F.     Index  Retirement  Benefit:
            --------------------------

            The  Index  Retirement  Benefit  for each Executive in the Executive
            Plan for each Plan Year shall be equal to the excess (if any) of the
            Index  (Subparagraph  I [G]) for that Plan Year over the Opportunity
            Cost  (Subparagraph  I  [H]) for that Plan Year, divided by a factor
            equal  to  1.06  minus  the  marginal  tax  rate.

     G.     Index:
            -----

            The  Index for any Plan Year shall be the aggregate annual after-tax
            income  from the life insurance contract(s) described hereinafter as
            defined by FASB Technical Bulletin 85-4. This Index shall be applied
            as  if  such  insurance  contract(s) were purchased on the Effective
            Date  of  the  Executive  Plan.

                                        2
<PAGE>
            Insurance  Company:
            Policy  Form:
            Policy  Name:
            Insured's  Age  and  Sex:
            Riders:
            Ratings:
            Option:
            Face  Amount:
            Premiums  Paid:
            Number  of  Premium  Payments:
            Assumed  Purchase  Date:

            If  such  contracts  of life insurance are actually purchased by the
            Bank,  then  the  actual policies as of the dates they were actually
            purchased  shall  be used in calculations under this Executive Plan.
            If  such  contracts  of  life  insurance  are  not  purchased or are
            subsequently  surrendered  or  lapsed,  then  the Bank shall receive
            annual policy illustrations that assume the above-described policies
            were  purchased  or had not subsequently surrendered or lapsed. Said
            illustrations  shall  be  received  from  the  respective  insurance
            companies  and  will  indicate  the  increase  in  policy values for
            purposes  of  calculating  the  amount  of  the  Index.

            In  either  case,  references  to  the  life insurance contracts are
            merely  for  purposes  of  calculating  a  benefit.  The Bank has no
            obligation  to  purchase  such life insurance and, if purchased, the
            Executive  and  the  Executive's  beneficiary(ies)  shall  have  no
            ownership  interest  in such policy and shall always have no greater
            interest  in  the benefits under this Executive Plan than that of an
            unsecured  creditor  of  the  Bank.

     H.     Opportunity  Cost:
            -----------------

            The Opportunity Cost for any Plan Year shall be calculated by taking
            the  sum  of  the amount of premiums for the life insurance policies
            described  in  the  definition  of  "Index"  plus  the amount of any
            after-tax  benefits  paid to the Executive pursuant to the Executive
            Plan  (Paragraph  II  hereinafter)  plus  the amount of all previous
            years'  after-tax  Opportunity Cost, and multiplying that sum by the
            average  after-tax  yield  of  a one-year Treasury bill for the Plan
            Year.

     I.     Change  of  Control:
            -------------------

            Change  of  Control means the cumulative transfer of more than fifty
            percent  (50%)  of  the  voting stock of the Bank from the Effective
            Date  of  this  Executive  Plan.  For the purposes of this Executive
            Plan,  transfers  made  on  account  of  deaths  or gifts, transfers
            between  family  members or transfers to a qualified retirement plan
            maintained  by  the  Bank  shall  not  be  considered in determining
            whether  there  has  been  a Change of Control.

                                        3
<PAGE>
     J.     Normal Retirement Age:
            ----------------------

            Normal  Retirement  Age  shall  mean the date on which the Executive
            attains  age  sixty-five  (65).

II.     INDEX  BENEFITS

     A.     Retirement  Benefits:
            --------------------

            Subject to Subparagraph II (D) hereinafter, an Executive who remains
            in  the  employ  of  the  Bank  until  the  Normal  Retirement  Age
            (Subparagraph I [J]) shall be entitled to receive the balance in the
            Pre-Retirement  Account  in  fifteen  (15) equal annual installments
            commencing thirty (30) days following the Executive's retirement. In
            addition  to these payments and commencing in conjunction therewith,
            the Index Retirement Benefit (Subparagraph I [F]) for each Plan Year
            subsequent  to  the  Executive's  retirement,  and  including  the
            remaining  portion of the Plan Year following said retirement, shall
            be  paid  to  the  Executive  until  the  Executive's  death.

     B.     Termination  of  Service:
            ------------------------

            Subject  to  Subparagraph  II  (D),  should  an  Executive  suffer a
            Termination  of  Service, the Executive shall be entitled to receive
            ten  percent (10%) times the number of full years of employment with
            the  Bank  from  the  date  of  first employment with the Bank (to a
            maximum  of  100%),  times the balance in the Pre-Retirement Account
            payable  to  the Executive in fifteen (15) equal annual installments
            commencing  thirty  (30)  days  following  the  Executive's  Normal
            Retirement  Age  (Subparagraph I [J]). In addition to these payments
            and commencing in conjunction therewith, ten percent (10%) times the
            number  of  full  years of employment with the Bank from the date of
            first  employment  with  the  Bank (to a maximum of 100%), times the
            Index  Retirement  Benefit for each Plan Year subsequent to the year
            in  which the Executive attains Normal Retirement Age, and including
            the  remaining  portion  of  the  Plan  Year  in which the Executive
            attains  Normal Retirement Age, shall be paid to the Executive until
            the  Executive's  death.

     C.     Death:
            -----

            Should the Executive die while there is a balance in the Executive's
            Pre-Retirement  Account (Subparagraph I [E]), said unpaid balance of
            the  Executive's  Pre-Retirement Account shall be paid in a lump sum
            to  the  individual or individuals the Executive may have designated
            in  writing and filed with the Bank. In the absence of any effective
            beneficiary  designation,  the  unpaid  balance shall be paid as set
            forth  herein to the duly qualified executor or administrator of the

                                        4
<PAGE>
            Executive's  estate.  Said  payment  due hereunder shall be made the
            first  day  of  the  second  month  following  the  decease  of  the
            Executive.

     D.     Discharge  for  Cause:
            ---------------------

            Should  the  Executive  be  Discharged  for  Cause  at any time, all
            benefits under this Executive Plan shall be forfeited. The term "for
            cause"  shall  mean  any  of the following that result in an adverse
            effect  on the Bank: (i) gross negligence or gross neglect; (ii) the
            commission  of  a  felony  or  gross  misdemeanor  involving  moral
            turpitude,  fraud, or dishonesty; (iii) the willful violation of any
            law,  rule, or regulation (other than a traffic violation or similar
            offense);  (iv)  an intentional failure to perform stated duties; or
            (v)  a  breach  of  fiduciary  duty  involving personal profit. If a
            dispute  arises  as  to discharge "for cause," such dispute shall be
            resolved  by  arbitration  as  set  forth  in  this  Executive Plan.

     E.     Death  Benefit:
            --------------

            Except  as set forth above, there is no death benefit provided under
            this  Agreement.

     F.     Disability  Benefit:
            -------------------

            In the event the Executive becomes disabled prior to any Termination
            of  Service, and the Executive's employment is terminated because of
            such  disability,  he shall immediately begin receiving the benefits
            in  Subparagraph  II  (A)  above.  Such  benefit shall begin without
            regard  to  the  Executive's Normal Retirement Age and the Executive
            shall  be  one  hundred  percent (100%) vested in the entire benefit
            amount.  If  there  is  a dispute regarding whether the Executive is
            disabled,  such dispute shall be resolved by a physician selected by
            the  Bank  and  such resolution shall be binding upon all parties to
            this  Agreement.

III.     DEFERRAL  BENEFITS

     A.     Deferral  Election:
            ------------------

            Any Executive wishing to defer any portion or all of the Executive's
            compensation  may  elect to defer up to twenty-five percent (25%) of
            compensation  each  year for a maximum of five (5) years. At the end
            of  the  five-year  period,  the  Board  shall  have  the  option of
            extending  the  deferral period for any amount of time it shall deem
            to  be appropriate. The Executive will make the election to defer by
            filing with the Bank a written statement setting forth the amount of
            the  deferrals  and the Executive's election of payment as set forth
            in  Subparagraph  III  (C) hereinafter. This statement must be filed
            prior  to  having  earned  the  deferred  income.

                                        5
<PAGE>
     B.     Deferred  Compensation  Account:
            -------------------------------

            The Bank shall establish a Deferred Compensation Account in the name
            of  the  Executive  and  credit that account with the deferrals. The
            Bank shall also credit interest to the Deferred Compensation Account
            balance  on  December  31st of each year. The interest rate credited
            shall  be  one  hundred  percent  (100%)  of the yield of a one-year
            Treasury  bill  as  of  the  crediting  date.

     C.     Retirement,  Termination  of  Service  or  Death:
            ------------------------------------------------

            Upon  the  Executive's  Retirement  Date  or  Termination of Service
            (Subparagraphs  I  [C]  and  [D]  hereinabove),  the  balance of the
            Executive's  Deferred  Compensation  Account  shall  be  payable  as
            elected  by  the  Executive  one  (1)  year  prior to receiving said
            benefit  payable  to  the  Executive thirty (30) days following said
            event.  If  the  Executive fails to make said payment election, then
            the Executive shall be paid in ten (10) equal annual installments as
            set  forth herein. Should the Executive die while there is a balance
            in the Executive's Deferred Compensation Account, such balance shall
            be  paid  pursuant  to  Subparagraph  II  (C)  hereinabove.

IV.   RESTRICTIONS  UPON  FUNDING

      The  Bank  shall  have  no obligation to set aside, earmark or entrust any
      fund or money with which to pay its obligations under this Executive Plan.
      The  Executive, their beneficiary(ies), or any successor in interest shall
      be  and remain simply a general creditor of the Bank in the same manner as
      any  other  creditor  having  a  general  claim  for  matured  and  unpaid
      compensation.

      The  Bank  reserves  the absolute right, at its sole discretion, to either
      fund  the obligations undertaken by this Executive Plan or to refrain from
      funding  the  same  and to determine the extent, nature and method of such
      funding. Should the Bank elect to fund this Executive Plan, in whole or in
      part,  through  the  purchase  of life insurance, mutual funds, disability
      policies  or  annuities, the Bank reserves the absolute right, in its sole
      discretion, to terminate such funding at any time, in whole or in part. At
      no time shall any Executive be deemed to have any lien nor right, title or
      interest  in or to any specific funding investment or to any assets of the
      Bank.

      If  the  Bank  elects to invest in a life insurance, disability or annuity
      policy upon the life of the Executive, then the Executive shall assist the
      Bank by freely submitting to a physical exam and supplying such additional
      information  necessary  to  obtain  such  insurance  or  annuities.

                                        6
<PAGE>
V.    CHANGE  OF  CONTROL

      Upon  a  Change  of  Control  (Subparagraph  I  [I]),  if  the  Executive
      subsequently  suffers  a Termination of Service (Subparagraph I [D]), then
      the  Executive  shall receive the benefits promised in this Executive Plan
      upon  attaining  Normal  Retirement  Age,  as  if  the  Executive had been
      continuously  employed by the Bank until the Executive's Normal Retirement
      Age.  The  Executive  will  also  remain  eligible  for all promised death
      benefits  in  this  Executive  Plan.  In  addition,  no  sale,  merger, or
      consolidation  of  the  Bank  shall take place unless the new or surviving
      entity  expressly  acknowledges  the obligations under this Executive Plan
      and  agrees  to  abide  by  its  terms.

VI.   MISCELLANEOUS

     A.     Alienability  and  Assignment  Prohibition:
            ------------------------------------------

            Neither the Executive, nor the Executive's surviving spouse, nor any
            other  beneficiary(ies)  under  this  Executive  Plan shall have any
            power  or  right  to  transfer,  assign,  anticipate,  hypothecate,
            mortgage,  commute,  modify  or otherwise encumber in advance any of
            the  benefits  payable  hereunder  nor shall any of said benefits be
            subject  to seizure for the payment of any debts, judgments, alimony
            or  separate  maintenance  owed  by the Executive or the Executive's
            beneficiary(ies),  nor  be  transferable  by operation of law in the
            event  of  bankruptcy,  insolvency  or  otherwise.  In the event the
            Executive  or  any  beneficiary  attempts  assignment,  commutation,
            hypothecation,  transfer  or disposal of the benefits hereunder, the
            Bank's  liabilities  shall  forthwith  cease  and  terminate.

     B.     Binding  Obligation  of  the  Bank  and  any  Successor in Interest:
            -------------------------------------------------------------------

            The Bank shall not merge or consolidate into or with another bank or
            sell substantially all of its assets to another bank, firm or person
            until  such  bank,  firm  or  person expressly agree, in writing, to
            assume  and  discharge  the duties and obligations of the Bank under
            this  Executive  Plan. This Executive Plan shall be binding upon the
            parties  hereto, their successors, beneficiaries, heirs and personal
            representatives.

     C.     Amendment  or  Revocation:
            -------------------------

            It  is  agreed  by  and  between the parties hereto that, during the
            lifetime  of  the  Executive,  this Executive Plan may be amended or
            revoked  at  any  time  or times, in whole or in part, by the mutual
            written  consent  of  the  Executive  and  the  Bank.

                                        7
<PAGE>
     D.     Gender:
            ------

            Whenever  in  this Executive Plan words are used in the masculine or
            neuter gender, they shall be read and construed as in the masculine,
            feminine  or  neuter  gender,  whenever  they  should  so  apply.

     E.     Effect  on  Other  Bank  Benefit  Plans:
            ---------------------------------------

            Nothing  contained  in this Executive Plan shall affect the right of
            the  Executive  to  participate in or be covered by any qualified or
            non-qualified  pension,  profit-sharing,  group,  bonus  or  other
            supplemental compensation or fringe benefit plan constituting a part
            of  the  Bank's  existing  or  future  compensation  structure.

     F.     Headings:
            --------

            Headings  and  subheadings  in  this Executive Plan are inserted for
            reference  and  convenience  only  and shall not be deemed a part of
            this  Executive  Plan.

     G.     Applicable  Law:
            ---------------

            The  validity and interpretation of this Agreement shall be governed
            by  the  laws  of  the  State  of  Georgia.

     H.     12  U.S.C.  Sec.  1828(k):
            -------------------------

            Any  payments made to the Executive pursuant to this Executive Plan,
            or  otherwise,  are subject to and conditioned upon their compliance
            with  12  U.S.C.  Sec.  1828(k)  or  any  regulations  promulgated
            thereunder.

     I.     Partial  Invalidity:
            -------------------

            If  any  term,  provision,  covenant, or condition of this Executive
            Plan  is determined by an arbitrator or a court, as the case may be,
            to  be invalid, void, or unenforceable, such determination shall not
            render  any  other  term, provision, covenant, or condition invalid,
            void,  or unenforceable, and the Executive Plan shall remain in full
            force  and  effect  notwithstanding  such  partial  invalidity.

     J.     Employment:
            ----------

            No  provision  of this Executive Plan shall be deemed to restrict or
            limit  any existing employment agreement by and between the Bank and
            the  Executive,  nor  shall  any  conditions  herein create specific
            employment  rights  to  the  Executive  nor  limit  the right of the

                                        8
<PAGE>
            Employer  to  discharge  the  Executive  with or without cause. In a
            similar  fashion, no provision shall limit the Executive's rights to
            voluntarily  sever  the  Executive's  employment  at  any  time.

VII.     ERISA  PROVISION

     A.     Named  Fiduciary  and  Plan  Administrator:
            ------------------------------------------

            The  "Named Fiduciary and Plan Administrator" of this Executive Plan
            shall  be  Cherokee  Bank  until  its  resignation or removal by the
            Board.  As Named Fiduciary and Plan Administrator, the Bank shall be
            responsible  for  the  management, control and administration of the
            Executive  Plan.  The Named Fiduciary may delegate to others certain
            aspects  of  the  management  and  operation responsibilities of the
            Executive  Plan  including  the  employment  of  advisors  and  the
            delegation  of  ministerial  duties  to  qualified  individuals.

     B.     Claims  Procedure  and  Arbitration:
            -----------------------------------

            In  the  event  a  dispute arises over benefits under this Executive
            Plan  and  benefits  are  not  paid  to  the  Executive  (or  to the
            Executive's  beneficiary(ies)  in the case of the Executive's death)
            and  such claimants feel they are entitled to receive such benefits,
            then  a  written  claim must be made to the Named Fiduciary and Plan
            Administrator  named  above  within  sixty  (60)  days from the date
            payments  are  refused.  The  Named Fiduciary and Plan Administrator
            shall  review the written claim and if the claim is denied, in whole
            or  in part, they shall provide in writing within sixty (60) days of
            receipt  of  such  claim  the  specific  reasons  for  such  denial,
            reference  to  the  provisions of this Executive Plan upon which the
            denial is based and any additional material or information necessary
            to perfect the claim. Such written notice shall further indicate the
            additional steps to be taken by claimants if a further review of the
            claim denial is desired. A claim shall be deemed denied if the Named
            Fiduciary  and Plan Administrator fail to take any action within the
            aforesaid  sixty-day  period.

            If  claimants  desire  a  second  review they shall notify the Named
            Fiduciary  and  Plan Administrator in writing within sixty (60) days
            of  the first claim denial. Claimants may review this Executive Plan
            or  any documents relating thereto and submit any written issues and
            comments  it  may  feel  appropriate.  In their sole discretion, the
            Named  Fiduciary and Plan Administrator shall then review the second
            claim  and  provide  a  written  decision  within sixty (60) days of
            receipt  of  such  claim.  This  decision  shall  likewise state the
            specific  reasons  for  the  decision and shall include reference to
            specific provisions of the Plan Agreement upon which the decision is
            based.

            If  claimants  continue  to  dispute  the  benefit denial based upon
            completed  performance  of  this  Executive  Plan or the meaning and
            effect  of  the  terms  and  conditions  thereof, then claimants may

                                        9
<PAGE>
            submit  the  dispute  to  an  arbitrator  for final arbitration. The
            arbitrator shall be selected by mutual agreement of the Bank and the
            claimants.  The  arbitrator  shall  operate  under  any  generally
            recognized  set  of arbitration rules. The parties hereto agree that
            they  and  their  heirs,  personal  representatives,  successors and
            assigns  shall  be  bound  by  the  decision of such arbitrator with
            respect  to  any  controversy  properly  submitted  to  it  for
            determination.

            Where  a  dispute arises as to the Bank's discharge of the Executive
            "for cause," such dispute shall likewise be submitted to arbitration
            as  above  described and the parties hereto agree to be bound by the
            decision  thereunder.

VIII. TERMINATION  OR  MODIFICATION  OF  AGREEMENT  BY  REASON
      OF  CHANGES  IN  THE  LAW,  RULES  OR  REGULATIONS

      The  Bank is entering into this Agreement upon the assumption that certain
      existing  tax laws, rules and regulations will continue in effect in their
      current  form. If any said assumptions should change and said change has a
      detrimental  effect  on  this  Executive  Plan, then the Bank reserves the
      right  to  terminate  or  modify  this  Agreement  accordingly;  provided,
      however,  that the Executive shall be entitled to receive at least his/her
      Executive's  Deferred Compensation Account including interest earned. Upon
      a Change of Control (Subparagraph I [I]), this paragraph shall become null
      and  void  effective  immediately  upon  said  Change  of  Control.

IN  WITNESS WHEREOF, the parties hereto acknowledge that each has carefully read
this  Agreement  and  executed  the  original thereof on the first day set forth
hereinabove,  and  that,  upon  execution,  each has received a conforming copy.

     CHEROKEE  BANK
                              Canton,  Georgia

____________________________  By:  ____________________________
Witness                                                  Title

____________________________       ____________________________
Witness                            Insured

                                       10
<PAGE>
                          BENEFICIARY DESIGNATION FORM
                         FOR THE EXECUTIVE SUPPLEMENTAL
                            RETIREMENT PLAN AGREEMENT

PRIMARY  DESIGNATION:

     Name                    Address               Relationship
     ----                    -------               ------------

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

SECONDARY  (CONTINGENT)  DESIGNATION:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

All  sums  payable  under  the  Executive Supplemental Retirement Plan Executive
Agreement  by reason of my death shall be paid to the Primary Beneficiary, if he
or  she survives me, and if no Primary Beneficiary shall survive me, then to the
Secondary  (Contingent)  Beneficiary.

____________________________       ____________________________
Participant                        Date

                                       11
<PAGE>
                              DEFERRAL DECLARATION

I.    AUTHORIZATION  AND  AMOUNT  OF  DEFERRAL

      The undersigned ____________________, an Executive of Cherokee Bank hereby
      elects  to  defer ___________ ($ or percent) of the Executive's income for
      the  year  ______  and  all  subsequent  years  thereafter pursuant to the
      Executive  Supplemental  Retirement Plan Executive Agreement effective the
      ______  day  of  ___________,  _____  unless  modified  by  the  Executive
      accordingly. The undersigned is a party to the above referenced agreement.

II.   DISTRIBUTION  ELECTION

      Pursuant  to  the  Provisions of my Executive Supplemental Retirement Plan
      Executive  Agreement  with  Cherokee  Bank,  I  hereby  elect  to have any
      distribution  of  the  balance  in  my  Deferral  Account  paid  to  me in
      installments  as  designated  below:

      ______      Lump  sum.

      ______      Five  (5)  annual  installments  with  the  amount  of  each
                  installment determined as of each installment date by dividing
                  the  entire  amount  in  my  Benefit  Account by the number of
                  installments  then  remaining  to  be  paid,  with  the  final
                  installment  to be the entire remaining balance in the Benefit
                  Account.

      ______      Ten  (10)  annual  installments  with  the  amount  of  each
                  installment determined as of each installment date by dividing
                  the  entire  amount  in  my  Benefit  Account by the number of
                  installments  then  remaining  to  be  paid,  with  the  final
                  installment  to be the entire remaining balance in the Benefit
                  Account.

      ______      Fifteen  (15)  annual  installments  with the amount of each
                  installment determined as of each installment date by dividing
                  the  entire  amount  in  my  Benefit  Account by the number of
                  installments  then  remaining  to  be  paid,  with  the  final
                  installment  to be the entire remaining balance in the Benefit
                  Account.

      ______      The  aforestated  length  of  time  for  payments in monthly
                  installments.

Date: ___________               Participant: ______________________________

                                       12
<PAGE>Exhibit 10.11
                                 LIFE INSURANCE

                      ENDORSEMENT METHOD SPLIT DOLLAR PLAN

                                    AGREEMENT

Insurer:

Policy  Number:

Bank:                                    Cherokee  Bank

Insured:

Relationship  of  Insured  to  Bank:     Executive

The  respective  rights  and  duties  of  the  Bank  and  the  Insured  in  the
above-referenced  policy  shall  be  pursuant  to  the  terms  set  forth below:

I.   DEFINITIONS

     Refer  to  the  policy  contract  for  the  definition of all terms in this
     Agreement.

II.  POLICY  TITLE  AND  OWNERSHIP

     Title and ownership shall reside in the Bank for its use and for the use of
     the  Insured  all in accordance with this Agreement. The Bank alone may, to
     the extent of its interest, exercise the right to borrow or withdraw on the
     policy  cash  values. Where the Bank and the Insured (or assignee, with the
     consent  of  the  Insured) mutually agree to exercise the right to increase
     the  coverage  under  the subject Split Dollar policy, then, in such event,
     the  rights,  duties and benefits of the parties to such increased coverage
     shall  continue  to  be  subject  to  the  terms  of  this  Agreement.

III. BENEFICIARY  DESIGNATION  RIGHTS

     The  Insured  (or  assignee)  shall have the right and power to designate a
     beneficiary or beneficiaries to receive the Insured's share of the proceeds
     payable  upon  the  death of the Insured, and to elect and change a payment
     option  for such beneficiary, subject to any right or interest the Bank may
     have  in  such  proceeds,  as  provided  in  this  Agreement.

<PAGE>
IV.  PREMIUM  PAYMENT  METHOD

     The  Bank  shall  pay an amount equal to the planned premiums and any other
     premium  payments  that might become necessary to keep the policy in force.

V.   TAXABLE  BENEFIT

     Annually  the  Insured  will receive a taxable benefit equal to the assumed
     cost of insurance as required by the Internal Revenue Service. The Bank (or
     its  administrator) will report to the Insured the amount of imputed income
     each  year  on  Form  W-2  or  its  equivalent.

VI.  DIVISION  OF  DEATH  PROCEEDS

     Subject to Paragraphs VII and IX herein, the division of the death proceeds
     of  the  policy  is  as  follows:

     A.   Should  the  Insured be employed by the Bank at the time of death, the
          Insured's  beneficiary(ies),  designated  in accordance with Paragraph
          III,  shall  be entitled to an amount equal to twenty percent (20%) of
          the net-at-risk insurance portion of the proceeds, plus the percentage
          set forth hereinbelow that corresponds to the number of full years the
          Insured  has been employed by the Bank from the Effective Date of this
          Agreement  (to a maximum of 80%). The net-at-risk insurance portion is
          the  total  proceeds  less  the  cash  value  of  the  policy.

               Number  of             Additional  Percentage  of
               Full  Years            Split  of  Net-At-Risk
               -----------            ----------------------
               1-6                    10%  per  year  to  a  maximum  of  80%

     B.   Should  the  Insured not be employed by the Bank at the time of his or
          her  death,  the  Insured's beneficiary(ies), designated in accordance
          with  Paragraph  III, shall be entitled to the percentage as set forth
          hereinbelow  of  the  proceeds  described in Subparagraph VI (A) above
          that  corresponds  to  the  number  of full years the Insured has been
          employed  by  the  Bank  since  the  date  of  first  employment.

               Total  Years
               of  Employment
               with  the  Bank               Vested  (to  a  maximum  of  100%)
               ---------------               ----------------------------------
                                                   1-10     10%  per  year

     C.   The  Bank  shall  be  entitled  to  the  remainder  of  such proceeds.

     D.   The  Bank  and  the Insured (or assignees) shall share in any interest
          due on the death proceeds on a pro rata basis as the proceeds due each
          respectively bears to the total proceeds, excluding any such interest.

VII. DIVISION  OF  THE  CASH  SURRENDER  VALUE  OF  THE  POLICY

     The  Bank shall at all times be entitled to an amount equal to the policy's
     cash value, as that term is defined in the policy contract, less any policy
     loans  and  unpaid  interest or cash withdrawals previously incurred by the
     Bank  and  any  applicable  surrender  charges.  Such  cash  value shall be
     determined  as  of  the  date  of  surrender  or  death as the case may be.

VIII. RIGHTS  OF  PARTIES  WHERE POLICY ENDOWMENT OR ANNUITY ELECTION EXISTS

     In  the  event  the  policy  involves  an endowment or annuity element, the
     Bank's right and interest in any endowment proceeds or annuity benefits, on
     expiration  of  the  deferment  period,  shall  be  determined  under  the
     provisions  of  this  Agreement by regarding such endowment proceeds or the
     commuted  value  of  such annuity benefits as the policy's cash value. Such
     endowment proceeds or annuity benefits shall be considered to be like death
     proceeds  for  the  purposes  of  division  under  this  Agreement.

IX.  TERMINATION  OF  AGREEMENT

     This  Agreement  shall  terminate  upon  the  occurrence  of any one of the
     following:

     A.   The  Insured  shall  be  discharged  from employment with the Bank for
          cause.  The  term  "for  cause"  shall  mean any of the following that
          result in an adverse effect on the Bank: (i) gross negligence or gross
          neglect;  (ii)  the  commission  of  a  felony  or  gross  misdemeanor
          involving  moral  turpitude,  fraud,  or dishonesty; (iii) the willful
          violation  of  any  law,  rule,  or  regulation  (other than a traffic
          violation  or similar offense); (iv) an intentional failure to perform
          stated  duties;  or  (v) a breach of fiduciary duty involving personal
          profit;  or

     B.   Surrender,  lapse,  or  other  termination  of the Policy by the Bank.

     Upon  such termination, the Insured (or assignee) shall have a fifteen (15)
     day option to receive from the Bank an absolute assignment of the policy in
     consideration of a cash payment to the Bank, whereupon this Agreement shall
     terminate.  Such  cash payment referred to hereinabove shall be the greater
     of:

     A.   The  Bank's  share of the cash value of the policy on the date of such
          assignment,  as  defined  in  this  Agreement;  or

<PAGE>
     B.   The  amount  of  the premiums that have been paid by the Bank prior to
          the  date  of  such  assignment.

     If, within said fifteen (15) day period, the Insured fails to exercise said
     option, fails to procure the entire aforestated cash payment, or dies, then
     the option shall terminate and the Insured (or assignee) agrees that all of
     the  Insured's rights, interest and claims in the policy shall terminate as
     of  the  date  of  the  termination  of  this  Agreement.

     The  Insured  expressly  agrees  that  this  Agreement  shall  constitute
     sufficient written notice to the Insured of the Insured's option to receive
     an  absolute  assignment  of  the  policy  as  set  forth  herein.

     Except  as provided above, this Agreement shall terminate upon distribution
     of  the  death  benefit  proceeds  in  accordance  with Paragraph VI above.

X.   INSURED'S  OR  ASSIGNEE'S  ASSIGNMENT  RIGHTS

     The Insured may not, without the written consent of the Bank, assign to any
     individual,  trust  or  other organization, any right, title or interest in
     the  subject  policy  nor any rights, options, privileges or duties created
     under  this  Agreement.

XI.  AGREEMENT  BINDING  UPON  THE  PARTIES

     This  Agreement  shall  bind  the  Insured  and  the  Bank,  their  heirs,
     successors,  personal  representatives  and  assigns.

XII. ERISA  PROVISIONS

     The  following  provisions  are  part of this Agreement and are intended to
     meet  the  requirements  of  the Employee Retirement Income Security Act of
     1974  ("ERISA"):

          A.   Named  Fiduciary  and  Plan  Administrator.
               -------------------------------------------

               The  "Named Fiduciary and Plan Administrator" of this Endorsement
               Method  Split  Dollar  Agreement shall be Cherokee Bank until its
               resignation  or  removal  by  the  Board  of  Directors. As Named
               Fiduciary  and  Plan Administrator, the Bank shall be responsible
               for  the  management,  control,  and administration of this Split
               Dollar  Plan  as  established  herein.  The  Named  Fiduciary may
               delegate  to  others  certain  aspects  of  the  management  and
               operation  responsibilities of the Plan, including the employment
               of  advisors  and  the  delegation  of  any ministerial duties to
               qualified  individuals.

<PAGE>
          B.   Funding  Policy.
               ---------------

               The  funding  policy  for  this  Split  Dollar  Plan  shall be to
               maintain  the  subject  policy  in force by paying, when due, all
               premiums  required.

          C.   Basis  of  Payment  of  Benefits.
               --------------------------------

               Direct payment by the Insurer is the basis of payment of benefits
               under  this Agreement, with those benefits in turn being based on
               the  payment  of  premiums  as  provided  in  this  Agreement.

          D.   Claim Procedures.
               -----------------

               Claim  forms or claim information as to the subject policy can be
               obtained  by  contacting  Benmark,  Inc. (800-544-6079). When the
               Named  Fiduciary  has  a  claim  which  may  be covered under the
               provisions described in the insurance policy, they should contact
               the  office  named  above,  and they will either complete a claim
               form  and  forward  it  to  an  authorized  representative of the
               Insurer  or  advise the named Fiduciary what further requirements
               are  necessary.  The Insurer will evaluate and make a decision as
               to  payment.  If  the  claim  is payable, a benefit check will be
               issued  in  accordance  with  the  terms  of  this  Agreement.

               In  the  event that a claim is not eligible under the policy, the
               Insurer will notify the Named Fiduciary of the denial pursuant to
               the  requirements  under  the  terms  of the policy. If the Named
               Fiduciary is dissatisfied with the denial of the claim and wishes
               to  contest  such  claim  denial,  they should contact the office
               named  above  and  they  will  assist in making an inquiry to the
               Insurer.  All  objections  to  the Insurer's actions should be in
               writing  and  submitted to the office named above for transmittal
               to  the  Insurer.

XIII. GENDER

     Whenever  in  this  Agreement  words  are  used  in the masculine or neuter
     gender,  they  shall be read and construed as in the masculine, feminine or
     neuter  gender,  whenever  they  should  so  apply.

XIV. INSURANCE  COMPANY  NOT  A  PARTY  TO  THIS  AGREEMENT

     The Insurer shall not be deemed a party to this Agreement, but will respect
     the  rights  of  the parties as herein developed upon receiving an executed
     copy of this Agreement. Payment or other performance in accordance with the
     policy  provisions  shall  fully  discharge  the  Insurer  from any and all
     liability.

<PAGE>
XV.  CHANGE OF CONTROL

     Change  of  Control  shall  be deemed to be the cumulative transfer of more
     than  fifty  percent (50%) of the voting stock of the Bank from the date of
     this Agreement. For the purposes of this Agreement, transfers on account of
     death  or  gifts,  transfers  between  family  members,  or  transfers to a
     qualified retirement plan maintained by the Bank shall not be considered in
     determining  whether  there  has been a Change of Control. Upon a Change of
     Control, if the Insured's employment is subsequently terminated, except for
     cause,  then  the Insured shall be one hundred percent (100%) vested in the
     benefits  promised  in this Agreement and, therefore, upon the death of the
     Insured,  the  Insured's  beneficiary(ies)  (designated  in accordance with
     Paragraph  III)  shall  receive the death benefit provided herein as if the
     Insured  had  died  while  employed by the Bank (see Subparagraphs VI [A]).

XVI. AMENDMENT  OR  REVOCATION

     It is agreed by and between the parties hereto that, during the lifetime of
     the Insured, this Agreement may be amended or revoked at any time or times,
     in  whole  or in part, by the mutual written consent of the Insured and the
     Bank.

XVII. EFFECTIVE  DATE

     The  Effective  Date  of  this  Agreement  shall  be  November  30,  2001.

XVIII. SEVERABILITY  AND  INTERPRETATION

     If  a  provision  of this Agreement is held to be invalid or unenforceable,
     the  remaining  provisions  shall  nonetheless  be enforceable according to
     their  terms.  Further,  in  the  event  that  any  provision is held to be
     overbroad  as written, such provision shall be deemed amended to narrow its
     application  to  the  extent  necessary  to  make the provision enforceable
     according  to  law  and  enforced  as  amended.

XIX. APPLICABLE  LAW

     The  validity and interpretation of this Agreement shall be governed by the
     laws  of  the  State  of  Georgia.

XX.  GUARANTEED  DEATH  BENEFIT

     Subject to the following, the Bank shall pay an amount equal to the planned
     premiums and any other premium payments that might become necessary to keep
     the policy in force. The Bank shall exercise due diligence in reviewing the
     financial  stability  of  the insurance company and the policy that are the
     subject  of this Agreement. If the Bank believes that the Insurer under the
     policy  is  financially weak or that the policy is not performing well, the
     Bank  may,  at  any  time,  surrender  the policy or substitute a different
     policy  provided  that  the  Bank  is under no obligation to invest in such
     replacement  policy  any  more  than  the  proceeds available from the cash
     surrender  value  of  the  original policy. The Executive will cooperate by
     undertaking  any  necessary  medical  examination.  If  the Bank chooses to
     surrender  the  above-referenced  policy without replacing it or the policy
     otherwise  ceases  to  exist  prior  to  the death of the Insured, the Bank
     agrees  to pay the Insured's named beneficiary(ies) _______________________
     and  no/100  Dollars ($________________) as a death benefit under Paragraph
     VI  of  this  Agreement.

     Executed  at  Canton,  Georgia  this  25th  day  of  January,  2002.

     CHEROKEE  BANK
                              Canton,  Georgia

____________________________  By:  ____________________________
Witness                                                  Title

____________________________       ____________________________
Witness                            Insured

<PAGE>
                          BENEFICIARY DESIGNATION FORM
                      FOR LIFE INSURANCE ENDORSEMENT METHOD
                           SPLIT DOLLAR PLAN AGREEMENT

PRIMARY  DESIGNATION:

     Name                    Address               Relationship
     ----                    -------               ------------

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

SECONDARY  (CONTINGENT)  DESIGNATION:

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

All  sums  payable under the Life Insurance Endorsement Method Split Dollar Plan
Agreement  by reason of my death shall be paid to the Primary Beneficiary, if he
or  she survives me, and if no Primary Beneficiary shall survive me, then to the
Secondary  (Contingent)  Beneficiary.

_____________________________________         __________________________________
Participant                                   Date

<PAGE>

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