Document:

EXHIBIT 4.1

     NUMBER                                                      SHARES
  **         **                                               **        **
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                          GENERATIONS BANCSHARES, INC.
                ORGANIZED UNDER THE LAWS OF THE STATE OF GEORGIA

                    TRANSFER  OF  THIS  STOCK  IS  RESTRICTED IN ACCORDANCE WITH
                    CONDITIONS  PRINTED  ON  THE  REVERSE  OF  THIS CERTIFICATE.

THIS  CERTIFIES  THAT __________________________________________________________

is  the  owner  of _____________________________________________________________

    FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK ($1.00 PAR VALUE) OF

                          GENERATIONS BANCSHARES, INC.

(hereinafter  called  the "Company"). The shares represented by this certificate
are transferable on the books of the Company by said owner or by his or her duly
authorized  attorney,  upon the surrender of this Certificate properly endorsed.

     IN WITNESS WHEREOF, the Company has caused this Certificate to be signed by
its  duly  authorized  officer  and  its  corporate seal to be hereunto affixed.

Date:  ____________  ___,  200__

____________________________                   _____________________________
Secretary                                      President

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                                                                     EXHIBIT 4.1

                                     [SEAL]

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                                                                     EXHIBIT 4.1

     For  value  received, ____________________ hereby sell, assign and transfer
unto

PLEASE  INSERT  SOCIAL  SECURITY  OR  OTHER
     IDENTIFYING  NUMBER  OF  ASSIGNEE
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________________________________________________________________________________
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

_________________________________________________________________________ shares
of  the  stock  represented by the within Certificate, and do hereby irrevocably
constitute  and  appoint __________________________________ Attorney to transfer
the  said  stock on the books of the within named Corporation with full power of
substitution  in  the  premises.

_________________________________
(DATE)

________________________________________________________________________________
(SIGNATURE:  THE  SIGNATURE  ON THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS
WRITTEN  UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION
OR  ENLARGEMENT  OR  ANY  CHANGE  WHATEVER.)

<PAGE>EXHIBIT 10.1

                                OPTION AGREEMENT

     THIS  OPTION  AGREEMENT  (this "Agreement"), is made as of this ____ day of
September,  2001,  by  and  between  ELANS MILL PARTNERS, LLC, a Georgia limited
liability  company  ("Landlord"),  and  GENERATIONS  BANCSHARES, INC., a Georgia
corporation  ("Tenant").

                               WITNESSETH:  THAT;

     WHEREAS,  Landlord  is  the  sole fee simple owner of that certain tract or
parcel  of  land  lying  and  being  in  Land Lots #303 & 304, 9th District, 1st
Section,  Union  County,  Georgia, also described as Tract #1, Pat Book 46, Page
133,  Pat  7/20/2000 by James Alexander, containing approximately 1.08 acres, as
more  particularly  described  on  EXHIBIT  "A",  attached  hereto  and  by this
                                   ------------
reference  made  a part hereof, together with any and all plants, trees, timber,
shrubbery,  improvements,  and fixtures located thereon or attached thereto, and
all  rights, easements, licenses, and benefits appurtenant thereto (collectively
with  said  tract  or  parcel  of  land  being  hereinafter  referred  to as the
"Property");

     WHEREAS,  Tenant  desires  to  secure from Landlord the exclusive right and
option  to  lease  the  Property;  and

     WHEREAS,  Landlord  is willing to grant and extend to Tenant such exclusive
right  and  option  on  the  terms  and  conditions  contained  herein;

     NOW,  THEREFORE,  IN  CONSIDERATION  of  the  sum of TEN AND NO/100 DOLLARS
($10.00)  in  hand  paid by Tenant to Landlord (the "Option Fee") and other good
and  valuable  consideration,  the  receipt  and sufficiency of which are hereby
acknowledged,  the  parties  hereto,  intending  to  be  legally bound, agree as
follows:

     1.   Option  to  Lease.
          -----------------

          (a)  For  a  period  of one-hundred twenty (120) days from the date of
               this  Agreement  (the "Option Period"), Landlord grants to Tenant
               the  exclusive  right  and  option  (the  "Option")  to lease the
               Property. Tenant shall have the right to extend the Option for an
               additional  ninety  (90) days by written notice to Landlord on or
               before the expiration of the initial Option Period and payment of
               an  additional  $_____  to  Landlord  (the  "Extension  Fee").

          (b)  Tenant  shall  have  the  right to exercise the Option by written
               notice  to  Landlord  on  or  before the expiration of the Option
               Period, as the same may be extended. If Tenant fails to give such
               written  notice  prior to the expiration of the Option Period, as
               the  same  may  be extended, the Option shall expire and be of no
               further force and effect and Landlord shall be entitled to retain
               the  Option  Fee.

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          (c)  During  the  Option Period, as the same may be extended, Landlord
               shall  not  offer the Property for lease and shall not accept any
               offer  to  rent  the  Property  other  than  from  Tenant.

     2.   Terms  of Lease. In the event Tenant exercises the Option, the parties
          ---------------
agree  to negotiate in good faith a definitive Lease Agreement for the Property,
such  agreement  to  include  a rent of no less than $35,000 per annum and shall
contain  standard  provisions  for  pro-rating  expenses,  as  well  as  certain
contingencies,  including  without limitation, a due diligence period for Tenant
to  review  title  and  survey  to  the  Property  and  obtain  an environmental
assessment of the Property, a financing contingency for Tenant to raise capital,
and  a  contingency  for  Tenant  to  obtain  regulatory  approval.

     3.   Option  Fee.  It  is  expressly  understood  that  the  Option Fee and
          -----------
Extension  Fee are non-refundable; provided, however, in the event Tenant leases
the  Property,  the  Option  Fee and Extension Fee shall be credited against the
first  month's  rent  owing  under  the  Lease.

     4.   Broker  and  Broker's  Commission.  Landlord  and  Tenant  warrant and
          ---------------------------------
represent  each  to  the  other  that  such party has not employed, and will not
employ,  any  broker  or  agent in connection with this Agreement or the Option.
Tenant  and  Landlord  covenant  and  agree, each to the other, to indemnify the
other  against  any  loss,  liability, costs, claims, demands, damages, actions,
causes  of  action, or suits based upon or arising out of the alleged employment
or  use  by  the  indemnifying  party  of  any  real  estate  broker  or  agent.

     5.   Notice.  Any  notice,  election,  exercise  of  the  Option,  or other
          ------
communication  required or permitted hereunder shall be delivered by hand (or by
professional  overnight  courier  service),  postage and charges prepaid, to the
following  addresses:

     To  Landlord:       EVANS MILL PARTNERS, LLC
                         11585 Jones Bridge Road
                         Suite 420-225
                         Alpharetta, Georgia  30022
                         Attn: Mr. Gary Leedham

     With a copy to:     _________________________________________
                         _________________________________________
                         _________________________________________
                         _________________________________________

     To  Tenant:         Generations  Bancshares,  Inc.
                         _________________________________________
                         _________________________________________
                         _________________________________________
                         Attn:  Mr.  Rick  Browning

                                      -2-
<PAGE>
     With a copy to:     Susan L. Elliott, Esq.
                         Powell,  Goldstein, Frazer & Murphy LLP
                         191 Peachtree Street, N.E., 16th Floor
                         Atlanta, Georgia  30303

Any  notice,  election, exercise of the Option, or other communication delivered
or  mailed  as  aforesaid  shall  be effective upon receipt or refusal to accept
delivery.  Each  party  hereby  may  change  its  address for notice, elections,
exercising  the  Option, and other communications from time to time by notifying
the  other  party  of  the  new address in the manner provided for giving notice
herein.

     6.     Miscellaneous.  Time  is  of  the  essence  in this Agreement.  This
            --------------
Agreement  shall be construed and interpreted in accordance with the laws of the
State  of Georgia. This Agreement shall be binding upon and inure to the benefit
of  Landlord  and Tenant, and their respective heirs, executors, administrators,
representatives,  predecessors,  successors  and assigns, and shall run with the
Property.

                            [execution on next page]

                                      -3-
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     IN  WITNESS  WHEREOF,  Landlord and Tenant have caused this Agreement to be
executed  and  delivered  as  of  the  day  and  year  first  above  written.

                                   LANDLORD:

ELANS  MILL  PARTNERS,  LLC,  a  Georgia  limited  liability  company

                                   By:/s/  Gary  Leedham
                                      ------------------
                                   Name:   Gary  Leedham
                                   Its:    Managing  Member

                                   TENANT:

                                   GENERATIONS  BANCSHARES,  INC.,
                                   a  Georgia  corporation

                                   By: /s/:
                                      --------------------------------
                                   Name:
                                   Its:

                                      -4-
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