Three More Community Banks to Compete In Fast-Growing Suburbs North of Atlanta. (Georgia)(Brief Article)

Three new community banks are preparing to compete in the far northern Atlanta suburbs.

Peachtree Bank, North Atlanta National Bank, and ll expect to be up and running by the second quart er.

Peachtree is closest to opening its doors. It has received a state banking charter, found a headquarters building in Duluth, and raised $4.55 million of the $7 million in start-up capital it planned.

"This area is an incredible market growing very fast," said Monty G. Watson, Peachtree's president and chief executive officer.

North Atlanta is awaiting approval of its national bank charter. It hopes to raise $6.3 million in start-up capital by selling stock in …