<PAGE> 1
As filed with the Securities and Exchange Commission on June 29, 1999
Registration No. 333-69763
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM SB-2
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
------------------------
GEORGIA-CAROLINA BANCSHARES, INC.
(Name of small business issuer in its charter)
------------------------
GEORGIA 6022 58-2326075
(State or other (Primary Standard (IRS Employer
jurisdiction of Industrial Classification Identification
incorporation or Code Number) Number)
organization) ------------------------
110 EAST HILL STREET
THOMSON, GEORGIA 30824
(706) 595-1600
(Address and telephone number
of principal executive offices)
------------------------
PATRICK G. BLANCHARD
PRESIDENT AND CHIEF EXECUTIVE OFFICER
110 EAST HILL STREET
THOMSON, GEORGIA 30824
(706) 595-1600
(Name, address and telephone number
of agent for service)
------------------------
Copies Requested to:
ROBERT C. SCHWARTZ, ESQ.
SMITH, GAMBRELL & RUSSELL, LLP
SUITE 3100, PROMENADE II
1230 PEACHTREE STREET, N.E.
ATLANTA, GEORGIA 30309-3592
(404) 815-3500
------------------------
APPROXIMATE DATE OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after
this Registration Statement becomes effective.
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [ ]
If this Form is a post-effective amendment filed pursuant to Rule
462(c) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration
statement for the same offering. [ ]
If this Form is a post-effective amendment filed pursuant to Rule
462(d) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration
statement for the same offering. [ ]
If delivery of the prospectus is expected to be made pursuant to Rule
434, please check the following box. [ ]
------------------------
THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE
OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT
SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF
THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(A), MAY
DETERMINE.
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<PAGE> 2
The Registrant hereby withdraws from registration 444,371 shares out of
the 740,741 shares of its $.001 par value Common Stock registered pursuant to
this Registration Statement. On March 31, 1999, the Registrant completed its
public offering. The 444,371 shares being withdrawn by this post-effective
amendment represent all of the shares registered pursuant to this Registration
Statement which were not sold in the Registrant's public offering.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended,
the Registrant certifies that is has reasonable grounds to believe that it meets
all the requirements of filing on Form SB-2 and has authorized this
Post-Effective Amendment No. 1 to the Registration Statement to be signed on its
behalf by the undersigned, in the City of Thomson, State of Georgia on the 9th
day of June, 1999.
GEORGIA-CAROLINA BANCSHARES, INC.
By: /s/ Patrick G. Blanchard
-----------------------------------------
Patrick G. Blanchard, President and
Chief Executive Officer
(Principal Executive Officer)
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<PAGE> 4
Pursuant to the requirements of the Securities Act of 1933, as amended,
this Post-Effective Amendment No. 1 to the Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
<TABLE>
<CAPTION>
SIGNATURE TITLE DATE
--------- ----- ----
<S> <C> <C>
* Chairman of the Board June 9, 1999
- ---------------------------------------
Samuel A. Fowler, Jr.
/s/ Patrick G. Blanchard Director, President and Chief June 9, 1999
- --------------------------------------- Executive Officer
Patrick G. Blanchard
/s/ Larry DeMeyers Director June 17, 1999
- ---------------------------------------
Larry DeMeyers
* Director June 9, 1999
- ---------------------------------------
Phillip G. Farr
/s/ Arthur J. Gay, Jr. Director June 9, 1999
- ---------------------------------------
Arthur J. Gay, Jr.
/s/ Joseph D. Greene Director June 9, 1999
- ---------------------------------------
Joseph D. Greene
/s/ J. Randal Hall Director June 9, 1999
- ---------------------------------------
J. Randal Hall
/s/ Hugh L. Hamilton, Jr. Director June 9, 1999
- ---------------------------------------
Hugh L. Hamilton, Jr.
/s/ William G. Hatcher Director June 9, 1999
- ---------------------------------------
William G. Hatcher
* Director June 9, 1999
- ---------------------------------------
George O. Hughes
/s/ George H. Inman Director June 9, 1999
- ---------------------------------------
George H. Inman
/s/ David W. Joesbury, Sr. Director June 9, 1999
- ---------------------------------------
David W. Joesbury, Sr.
/s/ John W. Lee Director June 9, 1999
- ---------------------------------------
John W. Lee
/s/ James L. Lemley, M.D. Director June 9, 1999
- ---------------------------------------
James L. Lemley, M.D.
/s/ Julian W. Osbon Director June 9, 1999
- ---------------------------------------
Julian W. Osbon
</TABLE>
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<PAGE> 5
<TABLE>
<S> <C> <C>
/s/ J. Harold Ward, Jr. Principal Financial and June 23, 1999
- --------------------------------------- Accounting Officer
J. Harold Ward, Jr.
/s/ Robert N. Wilson, Jr. Director June 9, 1999
- --------------------------------------
Robert N. Wilson, Jr.
/s/ Bennye M. Young Director June 9, 1999
- -------------------------------------
Bennye M. Young
</TABLE>
*By: /s/ Patrick G. Blanchard
-----------------------------------------
Patrick G. Blanchard, as Attorney-in-fact
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