The Company is a holding company which provides banking and other financial services to individuals and businesses. The company was formed when Newnan Savings Bank, FSB (now First Citizens Corporation) reorganized itself into a holding company called the Newnan Holdings, Inc. The company offers mortgage banking services and real estate appraisal services. The company makes real estate mortgage loans, real estate construction loans, commercial loans, consumer loans and other loans. The operations of the company are conducted through the wholly owned subsidiairies namely, First Citizens Bank, First Citizens Bank of Georgia, Citizens Mortgage, Newnan Financial Services, Inc. and Jefferson Ventures, Inc. During the fiscal year 1999, the company entered into an Agreement and plan of Reorganization with BB&T Corporation.