These Orders are issued to ensure that adequate information systems are
established and implemented. These Orders are also the first
enforcement actions taken by the Federal Deposit Insurance Corporation
and the other supervisory agencies to address Year 2000 compliance
The Cease and Desist Orders were issued to ensure that adequate
information systems are in place in the affiliated banks, that adequate
internal controls are maintained, and the banks' computer-related
operations will function effectively on January 1, 2000, and beyond.
Copies of the joint Order of the Federal Deposit Insurance Corporation
and Georgia Department of Banking and Finance are available from the
FDIC's Public Information Center (800-276-6003 or (703) 562-2200).
Congress created the Federal Deposit Insurance Corporation in 1933 to
restore public confidence in the nation's banking system. The FDIC
insures deposits at the nation's 11,191 banks and savings associations
and it promotes the safety and soundness of these institutions by
identifying, monitoring and addressing risks to which they are exposed.
FDIC press releases and other information are available on the Internet
via the World Wide Web at www.fdic.gov, and
may also be obtained through
the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).