Order to Cease and Desist Issued to Coast Credit Union

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Coast Credit Union.

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Order to Cease and Desist Issued to Reparations Bank and Ramzu Yunus

Atlanta, Georgia – Today, the Department of Banking and Finance, State of Georgia (“Department”) issued an Order to Cease and Desist to Reparations Bank and Ramzu Yunus. 

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Department’s Order to Cease and Desist Issued to Lucinda Clements Becomes Final

Atlanta, Georgia — On November 26, 2019, the Georgia Department of Banking and Finance’s (“Department’s”) Order to Cease and Desist (“Order”) and Notice of Intent to Deny Application for Renewal of Mortgage Loan Originator’s License issued to Lucinda Clements (“Ms.

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Approval of De Novo Bank: Loyal Trust Bank, Johns Creek, Georgia

Atlanta, Georgia - The Department of Banking and Finance, State of Georgia ("Department") approved the de novo community bank charter of Loyal Trust Bank, In Organization ("I.O.").  Loyal Trust Bank, I.O.

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Department’s Orders to Cease and Desist Issued to KSN Enterprises, LLC and Kenneth Edward Neil Become Final

Atlanta, Georgia — On July 3, 2019, Orders to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to KSN Enterprises, LLC, located at 2540 Chattahoochee Lane, Cumming, Georgia 30041, and its owner, Kenneth Edward Neil, became final.

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Department enters into Consent Order with Westminster Mortgage, LLC and Vincent Terry

Atlanta, Georgia — On May 28, 2019, the Georgia Department of Banking and Finance (“Department”) entered into a Consent Order with Westminster Mortgage, LLC (NMLS No.

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Approval of First De Novo Bank in Georgia Since 2008; Tandem Bank, Tucker, Georgia

Atlanta, Georgia – The Department of Banking and Finance, State of Georgia (“Department”) approved the first traditional de novo community bank charter in Georgia since 2008.  Tandem Bank, In Organization (“I.O.”) is anticipated to primarily serve customers in Tucker and the surr

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Department obtains Court Order against EDU Financial Solutions and Christopher Simpson

Atlanta, Georgia – On April 11, 2019, the Superior Court of Forsyth County, Georgia, entered a Consent Order and Judgment enjoining the following from further violation of the two Orders to Cease and Desist issued by the Department of Banking and Finance (“Department”):

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Department Enters into Consent Order with Tristan D’Agosta, Julie Kim, and Michael Demopoulos

Atlanta, Georgia — On March 13, 2019, the Department entered into a Consent Order with Tristan D’Agosta (NMLS #1493424), Julie Kim (NMLS #1493421), and Michael Demopoulos (NMLS #1493422).

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Department’s Orders to Cease and Desist Issued to Edwardo Shuman, Diane Shuman, The Mount Zion Church Road Girls Trust, Uno Properties LLC, and House Destiny LLC Become Final

Atlanta, Georgia — On February 6, 2019, Orders to Cease and Desist issued by the Georgia Department of Banking and Finance (“Department”) to the following entities and related individuals became final:

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