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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): AUGUST 27, 1999
FORSYTH BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
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GEORGIA 333-10909 58-2231953
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
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501 TRI-COUNTY PLAZA, HIGHWAYS 9 AND 20
CUMMING, GEORGIA 30040
(Address of Principal Executive Offices)
770-886-9500
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
David H. Denton resigned from the positions he held as President and
Chief Executive Officer of both Forsyth Bancshares, Inc. (the "Company") and
The Citizens Bank of Forsyth County (the "Bank"), effective as of August 27,
1999. Mr. Denton is no longer employed by either the Company or the Bank. The
Executive Vice President, Jimmy S. Fagan, has assumed the role of President and
Chief Executive Officer of the Company and the Bank on an interim basis. The
Board of Directors is currently in the process of finding a permanent
replacement for Mr. Denton. The press release issued in connection therewith is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) None.
(b) None.
(c) Exhibits.
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EXHIBIT NO. DESCRIPTION
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99.1 Press Release, issued September 2, 1999, relating to
the resignation of David H. Denton from his
positions as President and Chief Executive Officer
of both the Company and the Bank.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FORSYTH BANCSHARES, INC.
(Registrant)
Date: September 3, 1999 By /s/ Holly R. Hunt
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Holly R. Hunt
Vice President, Secretary
and Treasurer
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EXHIBIT INDEX
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99.1 Press Release, issued September 2, 1999, relating to the resignation
of David H. Denton from his positions as President and Chief Executive
Officer of Forsyth Bancshares, Inc. and The Citizens Bank of Forsyth
County.
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Exhibit 99.1
PRESS RELEASE
The Board of Directors of the Citizens Bank of Forsyth County announce that
effective August 27, 1999, President and CEO, David H. Denton resigned his
position to pursue other business interests. Executive Vice President Jimmy S.
Fagan has assumed the role of President and CEO on an interim basis. Mr. Fagan
is a lifelong resident of Forsyth County and is well known and respected in
banking circles throughout the state.
