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THE FULTON NATIONAL BANK

OF ATLANTA
CONTINUATION SHEET

The Honorable Fernand J. St Germain

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October 3, 1977

We hope the foregoing information will assist you in your subcommittee's deliberations. If you or your staff have any questions about the information provided above or about any of the enclosed documents, I will be happy to discuss them with you.

Sincerely,

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'H. L.
Senior Vice President

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Enclosures

THE FULTON NATIONAL BANK

LOAN POLICY

INDIVIDUAL AUTHORITY

1.

All loan officers assigned to the Banking Group have individual. unsecured

authority to $5,000.

All others will handle loans through a loan officer

only.

2.

Certain loan officers shall have individual unsecured authority in excess of

$5,000 as indicated by specific designation by the President of the bank,

3.

All loan officers have individual authority to make installment loans over

their limits when secured by an automobile or an F.H.A. improvement loan

when handled in accordance with our regular policy for installment loans as

issued from time to time,

They may also make loans in excess of their

individual authority when secured by assignment of savings accounts, savings

certificates, cash surrender value of life insurance, and share accounts of

savings and loan association in the Metropolitan Area of Atlanta, as well as

when secured by stocks and bonds in compliance with instructions contained in

the Loan Manual of this bank,

However, no additional loan, unless fully secured as provided in this section,

can be made if such a loan will mean the total indebtedness will exceed the

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unless fully secured as provided for

in this section.

4. When a loan is unusual as to size, maturity or nature, the loan must be

discussed with a commercial loan Senior Vice President or Vice President.

(See additional Management Policy statements on loans that are now current

and as issued).

5.

Officers making loans within their lending authority should report such loans

on Form 234 (Rev.), (Exhibit A), showing all the information required thereon

which is pertinent to the loan, placing N/A on any blank lines.

These forms

should be manually signed by the officer with his complete name, officer

number, and the name and number of his profit center shown immediately below

his signature.

The original of such report will be forwarded to the Credit

Department to be included in the customer's credit file.

6.

When a loan is declined, the officer doing so will write a green sheet for

the credit file, giving details as to the particulars involved and his rea

sons for declining it.

Borderline situations should be discussed with

another officer before a loan is declined.

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LOAN COMMITTEES

The following constitute the Loan Committees of the Bank and their authorities:

SENIOR LOAN COMMITTEE

Members:

H, L. Megar, Chairman
Jack Burton
Frank Burke

John Clark
Rame Coombes
Frances Sammons

Authority:

All loan requests exceeding $500,000. Review all loans exceeding $100,000 which were presented and approved by any other Committee.

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Credit Department will furnish copies of minutes of other
Committees to this Committee for review.
The Credit Department, if requested, will have available
any loan package that the Committee might wish to review.
If there is a dissenting vote, the Chairman will refer the
loan to the Senior Review Committee.

c)

Quorum:

Any three of the above-named committee members will constitute a quorum,

Attendance:

Any officer presenting a loan to this Committee, together with his
Division Head or Department Manager.

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Authority:

All loan requests generated from the Regional and National Division up to and including $500,000.

Procedure:

If there is a dissenting vote, the Chairman will refer the loan to the Senior Loan Committee.

Quorum:

Any three of the above-named committee members will constitute a quorum.

Time and
Place:

Each Monday, 8:30 A.M., in the Board Room.

REAL ESTATE LOAN COMMITTEE

Members:

H. L. Megar, Chairman
Jack Burton
Frances Sammons

Jim Murphy
John Clark

Authority:

All loan requests generated from the Real Estate Division up to and including $500,000.

Procedure:

If there is a dissenting vote, the Chairman will refer the loan to the Senior Loan Committee.

Quorum:

Any three of the above-named committee members will constitute a quorum.

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Time and Place:

Each month on the 15th (or the first business day thereafter), at 3:30 P.M., Real Estate Department, Northlake Office Park.

METROPOLITAN COMMITTEE

Members:

Frank Burke, Chairman

arles Wood
Harold Hobgood
James Dewberry
Bob Rhodes
Herb Mc Koy
LaRue Cribb

Larry Middlebrooks
Arnold Johnson
Sonny Farris
Gene Casey
Dick Suever
Rame Coombes
Ed Renn

Authority:

All loan requests over $100,000 (except as specified for Branch Group Officers) generated from within the Metropolitan Division up to and including $500,000.

Procedure:

If there is a dissenting vote, the Chairman will refer the loan to the Senior Loan Committee.

Quorum :

Any four of the above-named Committee members will constitute a quorum.

Time and
Place:

Each Thursday, 8:30 A.M., in the Board Room.

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