Institution

Farmers & Merchants Bank
Columbus, Mississippi
* has changed name-UniSouth

First National Sparta
Sparta, Tennessee


Merchants & Planters
Newport, Tennessee


Meigs County Bank
Decatur, Tennessee

Sea Island Bank
Statesboro, Georgia

Farmers & Merchants Bank
Sylvania, Georgia



Citizens Bank of Swainsboro
Swainsboro, Georgia



Citizens Bank of Americus
Americus, Georgia



Knight State Bank
Dublin, Georgia

Peoples Bank
Crawfordville, Georgia

Bank of Jefferson County
Louisville, Georgia


United Citizens Bank
Alachua, Georgia

Tifton Banks Inc.
Tifton, Georgia


Pineland State Bank
Metter, Georgia



Citizens Bank & Trust
Mount Vernon, Georgia

Ogeechee Valley Bank
Millen, Georgia

Bank South Corporation
Atlanta, Georgia



Pineland State Bank
Metter, Georgia


Compass Bancshares, Inc.
Birmingham, Alabama



First National Bankshares, Inc.
Of Henry County, Inc.
Stockbridge, Georgia


First National Effingham
Morrow, Georgia


Southern Crescent Financial
Springfield, Georgia


First Bank Shares, Inc.
Hapeville, Georgia


Bank Corp of GA
Wrightsville Branch
Macon, Georgia

Habersham Bancorp
Cornelia, Georgia



Meigs County Bancshares, Inc.
Decatur, Tennessee


Empire Bancorp
Homerville, Georgia



Vidalia Bankshares, Inc.
Vidalia, Georgia


Wayne Bancorp
Jessup, Georgia



CB Financial Corp
Warrenton, Georgia


Eagle Bancshares, Inc.
Tucker, Georgia



Citizens Bancgroup, Inc.
Valley, Alabama

Horizon Bankshares, Inc.
Pensacola, Florida



Farmers & Merchants Bank
Summerville, Georgia




Citizens Bank-Flag Financial
Brown Branches located in
Metter, Cobbtown, and Statesboro, Georgia

Citizens Bank-Flag Financial
Brown Branches located in Homerville,
Blackshear, and Waycross, Georgia

CB&T-lead bank for Synovus Financial
Branches located in Buena Vista,
Cusseta and Montezuma, Georgia

Knight State
Branches in Dublin and Dexter, Georgia

Georgia Banking Company
Atlanta, Georgia




Flag Financial Corporation
Branches in McRae and Milan, Georgia

Folkston Investors LLC
Savannah, Georgia




Citizens Bank of Cochran
Cochran, Georgia
A Subsidiary Bank of Synovus Financial

Peoples Banking Corporation
Blackshear, Georgia



First National South
Milledgeville, Georgia

Flag Financial Corporation
Atlanta, Georgia


Eagle National Bank
Stockbridge, Georgia

Peoples Bank
Jeffersonville, Georgia

First National Banc
Atlanta, Georgia

Georgia Banking Company
St. Marys Georgia, Orange Park, Florida



Peoples Banking Corporation
Blackshear, Georgia

Coastal Banking Company
Beauford, South Carolina


Sapelo Bancshares, Inc.
Darien, Georgia

Satilla Community Bank
St. Marys, Georgia


First Community Bank of Georgia
Roberta, Georgia

National Bank of Gainesville
Gainesville, Georgia


Old Florida Bank
Tampa, Florida



Jones County Bank
Haddock, Georgia

Acquired By

Security Savings Bank
Jackson, Mississippi
*acquired control

Dominion Bankshares, Inc.
Roanoke, Virginia
* now Wachovia

Dominion Bankshares, Inc.
Roanoke, Virginia
* now Wachovia

BMR Financial Corporation
Atlanta, Georgia

SYNOVUS Financial Corporation
Columbus, Georgia

Screven Bankshares
Sylvania, Georgia
* holding company formed to acquire/
retire 24% of outstanding stock

Swainsboro Bankshares, Inc.
Swainsboro, Georgia
*local group formed to re-acquire
bank from BMR Financial Group, Inc.

SBC Bankcorp
Americus, Georgia
*local group formed to re-acquire
bank from BMR Financial Group, Inc.

Wrightsville Bancshares, Inc.
Wrightsville, Georgia

Washington/Wilkes Holding Company
Washington, Georgia

Allied Bankshares, Inc.
Thomson, Georgia
*now Regions Financial

Southeastern Banking Corporation
Darien, Georgia

First Liberty Financial Corporation
Macon, Georgia
*now BB&T

South Banking Company
Alma, Georgia
*Federal Reserve approval of change
of control application

Heart of Georgia Bancshares
Dublin, Georgia

The Queensborough Company
Louisville, Georgia

The Queensborough Company
Louisville, Georgia
*Acquired Washington County branches
of Bank South Sandersville, Tennille, Georgia

South Banking Company
Alma, Georgia
*acquired 100%

Southeastern Banking Corporation
Darien, Georgia
*acquired Nassau County Branches Hilliard,
Callahan, & Yulee, Florida

WACHOVIA
Winston-Salem, North Carolina
Atlanta, Georgia


First Banking Co. of Southeast Georgia
Statesboro, Georgia
*now-BB&T

Eagle Bancshares Inc
Tucker, Georgia
*now Royal Bank of Canada

Regions Financial
Birmingham, Alabama


State Bank
Cochran, Georgia


Empire Banking Corp.
Homerville, Georgia
*Federal Reserve Approval for Change
of Control Application

Regions Financial Corp.
Birmingham, Alabama
*Fairness Opinion Provided

Flag Financial
LaGrange, Georgia
*Stevens & Company represented HABC.,
largest Empire shareholder

First Liberty Financial Corporation
Macon, Georgia
*now BB&T

First Banking Company
Southeast, Georgia
Statesboro, Georgia
*now BB&T

Habersham Bancshares
Cornelia, Georgia
*Habersham acquired controlling interest

Crescent Financial Corp.
Jasper, Georgia
*Crescent acquired Cherokee County
Georgia Banking Operations of EBSI

Charter Federal Savings & Loan
West Point, Georgia

Bank of Pensacola
Pensacola, Florida
Bank of Pensacola is an affiliate
of Synovus Financial Corp.

Premier Bankshares, Inc.
Atlanta, Georgia-Fairness Opinion Given for F&M Bank
(During the regulatory approval process,
Premier entered into a definitive agreement
to be merged with BB&T

South Banking Company
Alma, Georgia


Peoples Banking Company
Blackshear, Georgia


Citizens Bank-FLAG Financial
LaGrange, Georgia


State Bank of Cochran
Cochran, Georgia

Stevens & Company served as advisor to
the Board of Directors of GA Banking
Company and participated in a private
placement of $12 million capital for
new bank and warehouse mortgage subsidiary

Merchants & Citizens Bank
McRae, Georgia

First National Corporation
Folkston, Georgia
Stevens & Company Originated the purchase
of First National Including a $7 million Private
Placement And has taken an equity position

Hazlehurst Investors, Inc.
A Newly Formed Sub S Corporation
Hazlehurst, Georgia

Langdale Industries, Inc
Valdosta, Georgia
Langdale has acquired partnership interest In
the Holding Company through a private placement

GB&T Bancshares, Inc.
Gainesville, Georgia

Colony Bankshares, Inc.
Fitzgerald Colony Bankshares acquired the Thomaston,
GA branch banking office of Flag

United Community Banks
Blairsville, Georgia

Capitol Bancorp
Lansing, Mississippi

Ameris Bancorp
Moultrie, Georgia

Piedmont Investors
Moultrie, Georgia
*Private Placement Offering designed to expand
commercial banking division of GA Banking

Liberty Shares, Inc.
Hinesville, Georgia

Ameris Bancorp
Moultrie, Georgia
*Sold Meigs County Bank Charter Cairo, GA

Southern Financial Group
Macon, Georgia

Private Investors
* A group of non-affiliated parties Purchased
$9.2 million in a Private Placement in Satilla Community Bank

Southern Financial Group
Macon, Georgia

William Blanton
Roswell, GA
*Blanton acquired controlling interest in NBOG

Citizens Bank of Kingsland
Kingsland, GA
*Acquired Tampa-based charter to be moved
to Nassua County, Florida

Central Bancorp
Garland-Dallas, TX
*Central will use the acquisition to enter the Georgia
banking market and branch into Gwinnett County.

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PENDING TRANSACTIONS