Bank earnings announced

Bank earnings

announced

Georgia Bancshares,

Inc., the parent company of The Bank of Georgia, announced net income

for the first quarter of 2003 of $272,619, or $.12 per share. Same-quarter

earnings for 2002 were $97,322, or $.05 per share.

Bank assets

totaled $184,304,773 at March 31, 2003 as compared to $131, 619,981 at

March 31, 2002. For more information about Georgia Bancshares, visit www.georgiabancshares.com.

Based in Peachtree

City, Georgia Bancshares, Inc., is a bank holding company that provides

traditional bank services to small businesses and consumers through its

subsidiary, The Bank of Georgia.

The Bank of

Georgia opened for business in February, 2000, and has locations in Peachtree

City, Fayetteville and Newnan, and is constructing a fourth facility in

Tyrone. The Tyrone office will open during the summer of 2003.

A full-service

bank, The Bank of Georgia provides a broad array of services, including

checking accounts, money market accounts, certificates of deposit, commercial

loans, construction loans, consumer loans, including home equity lines

of credit, credit cards, drive-through windows, on-line banking, and Visa

check cards. For more information about The Bank of Georgia, visit www.bankofgeorgia.com.

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