U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: February 28, 2000
Commission File Number 33-31013-A
COMMUNITY NATIONAL BANCORPORATION
a Georgia corporation
(IRS Employer Identification No. 58-1856963)
561 East Washington Avenue - Box 2619
Ashburn, Georgia 31714-2619
(912) 567-9686
Securities Registered Pursuant to Section 12(g)
of the Securities Exchange Act of 1934:
Common Stock, No Par Value
Item 5. Other Events.
Effective February 24, 2000, the registrant consummated the
acquisition of all of the issued and outstanding capital stock of
Tarpon Financial Corporation, Inc., a Florida corporation and a
bank holding company ("Tarpon"), by way of a merger of Tarpon
into the registrant, at the aggregate purchase price of
$3,720,000 in cash and stock of registrant. As a result of the
merger, First National Bank, Tarpon Springs, Florida, with assets
of approximately $20.9 million, has become the third national
banking subsidiary of the registrant and signaled the expansion
of the registrant's business into a rapidly growing region of the
west coast of Florida.
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
COMMUNITY NATIONAL BANCORPORATION
By: /S/ T. Brinson Brock, Sr.
T. Brinson Brock, Sr.
President and Chief Executive
Officer
