The Midtown Community Bank, a Division of The Buckhead Community Bank

Press Releases

THE BUCKHEAD COMMUNITY BANK CELEBRATES 10 YEARS IN ATLANTA

(Atlanta, GA) December 7, 2007 – The Buckhead Community Family of Banks is proud to announce its 10th anniversary in Atlanta. This milestone marks a decade of service in the community as well as the outstanding careers of six original team members.

"This special anniversary brings the opportunity to acknowledge the impact of our amazing employees,” says Marvin Cosgray, CEO of The Buckhead Community Bank. “We thank them for their years of hard work, and we look forward to many more years of collaboration, creativity, and outstanding customer service in this city."

Since opening its doors in 1998, The Buckhead Community Bank has expanded into the north metro Atlanta area with locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Johns Creek, Cobb County, Forsyth County and Hall County. In nine years, total deposits have grown from $27 million to over $668 million and total assets have grown from $34 million to over $800 million.

“It is truly an honor to be celebrating ten years of trust in the community,” Cosgray says. “We consider it a privilege to work with our customers and we thank them for their loyalty to the bank.”

For more information visit www.buckheadcommunitybank.com.

PHYLLIS MURDOCK ACCEPTED TO CREW’s LEADERSHIP PROGRAM

(Atlanta, GA) December 7, 2007 – The Buckhead Community Bank is proud to announce that Senior Vice President Phyllis Murdock has been accepted by the Commercial Real Estate Women (CREW) Leadership 2008 program in Atlanta. Out of 60 applicants, Murdock was one of just 24 women selected to serve a yearlong commitment to the program.

“This is an exciting time to be involved with the success of women in commercial real estate,” Murdock says. “It is an opportunity for me to be part of a dynamic group of women where I can learn from them and be a mentor. I look forward to developing more strategies and tools and becoming a better professional.”

A growing organization of over 325 executive-level women, CREW provides a business development network in commercial real estate. CREW-Atlanta holds monthly luncheon programs featuring dynamic speakers on current issues and trends. CREW Leadership 2008 will include several retreats and half day programs throughout the year.

About The Buckhead Community Bank

The Buckhead Community Bank opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Johns Creek, Cobb County, Forsyth County and Hall County. In nine years, total deposits have grown from $27 million to over $668 million and total assets have grown from $34 million to over $800 million. www.buckheadcommunitybank.com.

FORSYTH COMMUNITY BANK OPENS IN CUMMING

(Atlanta, GA) November 29, 2007 – The First National Bank of Forsyth County has merged with The Buckhead Community Bank and officially changed its name to The Forsyth Community Bank. Andrew Walker will now serve as Regional President of The Buckhead Community Bank and Sam Story will serve as President of The Forsyth Community Bank. The bank will continue to operate at its current location at 1700 Market Place in Cumming.

“We have been looking to expand our services in the north metro Atlanta area and we saw this as the perfect opportunity,” says Marvin Cosgray, President and CEO of The Buckhead Community Bank. “First National Bank and Andrew Walker have established a very high level of customer service and community involvement that represents the same culture we have with our community banking approach.”

“We believe merging with The Buckhead Community Bank is the best move we can make for our customers, employees and shareholders,” Walker says. “With the new company, we can expand our loan capabilities and continue to provide the same first class service and local decision making abilities that helped us grow our bank over the last three years.”

About The Forsyth Community Bank:

The Forsyth Community Bank is a division of The Buckhead Community Bank, which opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Johns Creek, Cobb County, Forsyth County and Hall County. In nine years, total deposits have grown from $27 million to over $668 million and total assets have grown from $34 million to over $800 million. www.buckheadcommunitybank.com.

HALL COMMUNITY BANK OPENS IN GAINESVILLE

(Atlanta, GA) November 29, 2007 – The First National Bank of Hall County has merged with The Buckhead Community Bank and officially changed its name to The Hall Community Bank. Andrew Walker will now serve as Regional President of The Buckhead Community Bank and Ricky Pugh will serve as President of the new bank. The Hall Community Bank will continue to operate at its current location at 311 Green Street in historic Gainesville.

“We have been looking to expand our services in the north metro Atlanta area and we saw this as the perfect opportunity,” says Marvin Cosgray, President and CEO of The Buckhead Community Bank. “First National Bank and Ricky Pugh have established a very high level of customer service and community involvement that represents the same culture we have with our community banking approach.”

“We believe merging with The Buckhead Community Bank is the best move we can make for our customers, employees and shareholders,” says Ricky Pugh, President of The Hall Community Bank. “With the new company, we can expand our loan capabilities and continue to provide the same first class service and local decision making abilities that helped us grow our bank over the last three years.”

About The Hall Community Bank:

The Hall Community Bank is a division of The Buckhead Community Bank, which opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Johns Creek, Cobb County, Forsyth County and Hall County. In nine years, total deposits have grown from $27 million to over $668 million and total assets have grown from $34 million to over $800 million. www.buckheadcommunitybank.com.

BETHURSDAY DEVELOPMENT CORPORATION BREAKS GROUND ON ELM STREET TOWNHOMES

(Atlanta, GA) July 12, 2007 – The Bethursday Development Corporation announced today the groundbreaking of the Elm Street Townhomes, a 32-unit townhouse development located along the Kennedy and Elm Street corridor of Atlanta’s Fifth Ward. The project will be financed by The Midtown Community Bank, and is part of a redevelopment of the 501c3 non-profit development arm of Antioch Baptist Church North.

“The goal is to stabilize the community,” says Bob Jones, Chief Operating Officer of Bethursday Development Corporation. “We want to initiate heavy revitalization and spur other developers to come in and build up this area.”

The Elm Street Townhomes will cover three city blocks in the neighborhood surrounding Antioch Baptist Church North. In partnership with The Midtown Community Bank, Bethursday Development Corporation is helping to shape the development around this church. “The bank has served as an anchor to this project,” Jones says. “This will benefit a whole array of people from the church congregation to families to young professionals.”

Though this project has been two years in the making, it has been well worth the wait. “This is so important because it is the redevelopment of the inner city,” says Donly Chase, President of The Midtown Community Bank. “This requires the type of energy without which important change will never come.”

About The Midtown Community Bank

The Midtown Community Bank is a division of The Buckhead Community Bank, which opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Johns Creek, Cobb County, Forsyth County and Hall County. In nine years, total deposits have grown from $27 million to over $668 million and total assets have grown from $34 million to over $800 million. www.midtowncommunitybank.com

Donna L. Kain is Promoted to President of Private Banking Division of Buckhead Community Bank

(Atlanta, GA) June 11, 2007 – Marvin Cosgray, CEO of The Buckhead Community Bank, announced today that Donna L. Kain was promoted to President of The Buckhead Community Bank’s Private Banking Division.

“Donna has been very innovative and creative in expanding the client base of our Private and Entrepreneurial Banking Division,” Cosgray says. “She built this division from the ground up, and has really taken it to the next level.”

Today Kain looks forward to helping The Private Banking Division continue to grow. “Business owners and individuals today are looking for a bank where they can walk in and the employees greet them with a smile,” Kain says. “This is hometown banking from the past but improved with innovative technology advances to make banking even easier for our clients.”

An active member of the community, Kain is a past President of the Buckhead Business Association, as well as a co-founder of The Power of Women and Money and a supporter of the National Association of Women Business Owners (NAWBO). “I want to reach out to women-owned businesses in a unique way,” she says. “My goal has always been to create events that build relationships with our customers.”

About The Buckhead Community Bank

The Buckhead Community Bank opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Cobb and Johns Creek. In nine years, total deposits have grown from $27 million to over $487 million and total assets have grown from $34 million to over $529 million. www.buckheadcommunitybank.com

John E. Scherer chosen as President of
The Cobb Community Bank

Atlanta, GA, April 25, 2007 - Marvin Cosgray, President and CEO of The Buckhead Community Bank announced today that John E. Scherer will serve as the President of The Cobb Community Bank which will open its doors in June of 2007. The new bank will be located at 3333 Riverwood Parkway off of Cobb Parkway

"With over 20 years of financial experience, active involvement in the Cobb Chamber of Commerce and a resident of Cobb County, we knew John was the ideal person to head up this new location," Cosgray says. "Our goal is to continue to provide 'first-class' banking to our customers, and he will maintain our high standard of customer service and community involvement here in Cobb County."

Prior to joining the team at the Cobb Community Bank, Scherer served as Senior Vice President and Community Executive of C&M State Bank. He is also an active member of the Paulding County Boys and Girls Club.

"As a resident of Marietta, I know that people are looking for a bank that will give them the personal attention they deserve," Scherer says. "I look forward to bringing the best in banking services to Cobb."

Scherer lives in Marietta with his wife and daughter.

About The Buckhead Community Bank

Buckhead Community Bancorp, Inc. announces agreement to acquire Allied Bancshares, Inc.

Acquisition will expand The Buckhead Community Bank's total assets to over $750 million.

Atlanta, GA, March 1, 2007 - Buckhead Community Bancorp, Inc, holding company for The Buckhead Community Bank, announced today the signing of a definitive agreement to acquire Allied Bancshares, Inc., the holding company for First National Bank of Forsyth County.

"We have been looking to expand our services in the north metro Atlanta area and we saw this as the perfect opportunity," stated Marvin Cosgray, President and CEO of The Buckhead Community Bank. "First National Bank and Andrew Walker have established a very high level of customer service and community involvement that represents the same culture we have with our community banking approach."

The offices of the First National Bank located in Cumming will be operated under the name Forsyth Community Bank and the offices of The First National Bank located in Gainesville will be operated under the name Hall Community Bank. These changes are expected to take place third quarter this year.

Andrew Walker, Chairman and CEO of First National Bank of Forsyth County, says "We believe merging with The Buckhead Community Bank is the best move we can make for our customers, employees and shareholders. With the new company, we can expand our loan capabilities and continue to provide the same first class service and local decision making abilities that helped us grow our bank over the last three years."

With the acquisition, The Buckhead Community Bank's total deposits are over $668 million and total assets are over $750 million. The transaction was approved by the board of directors of both companies and is subject to regulatory approval, approval of Allied shareholders and other customary closing conditions. The value of the transaction to shareholders of Allied Bancshares is approximately $53.5 million to be paid in a combination of cash and stock.

Burke Capital Group initiated the transaction and served as financial advisor to Allied Bancshares. Marvin Cosgray noted, "We thank Burke Capital for their role in bringing the companies together and appreciate the professionalism throughout the process."


Marvin Cosgray Buckhead Community Bank	Andrew Walker First National Bank of Forsyth County

About The Buckhead Community Bank

The Buckhead Community Bank opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Cobb and Johns Creek. In nine years, total deposits have grown from $27 million to over $487 million and total assets have grown from $34 million to over $529 million. www.buckheadcommunitybank.com

Cobb Community Bank to open in Vinings area

Location near new Performing Arts Centre and Cumberland Mall

Atlanta, GA, February 23, 2007 - Cobb Community Bank will open its first location at 3333 Riverwood Parkway off of Cobb Parkway. The grand opening is scheduled for June 1, 2007.

Cobb Community Bank is a division of The Buckhead Community Bank which also has community banks in Buckhead, Alpharetta, Sandy Springs, Midtown and Johns Creek.

"Every time we open a new Community Bank, we concentrate on the specific needs of the business and residential customers in that area. We believe in becoming part of the neighborhood. We work hard to know our customer's banking needs and to give them the personal attention they deserve," stated Marvin Cosgray, President and CEO of The Buckhead Community Bank.

Cosgray continued, "our customers tell us that it's nice to walk into their bank and be greeted by name. They also like a locally owned bank that can make lending decisions quickly. That is an important component for a successful business relationship."

About The Buckhead Community Bank

The Buckhead Community Bank opened in 1998 to recreate a hometown banking relationship for Atlanta. There are now community bank locations in Buckhead, Sandy Springs, Alpharetta, Midtown, Cobb and Johns Creek. In nine years, total deposits have grown from $27 million to over $487 million and total assets have grown from $34 million to over $529 million. www.buckheadcommunitybank.com

Bill Holden Chosen as President of The Sandy
Springs Community Bank

Oct 12th, 2005 (Atlanta) Marvin Cosgray, CEO of The Buckhead Community Bank announced today that a new leader, Mr. Bill Holden has joined The Sandy Springs Community Bank as President.

"We're right in the heart of Sandy Springs and we recognize the opportunity that we have to further serve the community and its growing business and residential population," stated Mr. Cosgray. "We have chosen Bill to spearhead a more aggressive business building approach for Sandy Springs. Our goal is to increase our market share in this exciting new city and to continue to provide 'first-class' banking for our current customer base."

"What a great time to join The Sandy Springs Community Bank. I'm very enthusiastic about the many opportunities taking hold in what is soon to be Georgia's seventh largest city," said Holden.

About Mr. Bill Holden - With experience leading four successful Banks, Mr. Holden most recently served as President, CEO and Director of Pandora Bancshares/First National Bank in Findlay Ohio. His connection to Georgia includes operating Holden and Associates of Rowell, a financial consulting firm and serving as President, Chief Executive Officer for the Vinings Bank and Trust in Atlanta.

Bill has recently been elected to the Board of the Sandy Springs Business Association and is currently a member of the Sandy Springs Rotary Club. He is also on the Goizueta Business School Advisory Board at Emory University. Bill is a graduate of Stanford University Graduate School of Credit and Financial Management and holds an MBA from Emory University.