Compensation Arrangements with Remer Y. Brinson, III

EXHIBIT 10.7

Compensation Arrangements with ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇

     Neither Georgia-Carolina Bancshares, Inc. (“Company”), nor First Bank of Georgia (“Bank”), has a written employment agreement with ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇, President and Chief Executive Officer of First Bank of Georgia. ▇▇. ▇▇▇▇▇▇▇’▇ current (2008) annual salary is $240,000 and ▇▇. ▇▇▇▇▇▇▇ is eligible for an annual incentive award under the Bank’s Annual Incentive Plan, pursuant to which he received $54,000 for his performance in 2007. See Exhibit 10.8 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 for a description of the Annual Incentive Plan. ▇▇. ▇▇▇▇▇▇▇ is eligible for stock option grants under the Company’s option plans as determined from time to time by the Board of Directors of the Company. In addition, ▇▇. ▇▇▇▇▇▇▇ participates in the Bank’s medical, dental, life and disability insurance plans and he may participate in the Company’s 401(k) plan. ▇▇. ▇▇▇▇▇▇▇ also receives the following perquisites: payment of private and civic club membership dues, provision of an automobile and an automobile allowance. The aggregate value of these perquisites in 2007 was less than $10,000.

     ▇▇. ▇▇▇▇▇▇▇ has entered into a Severance Protection Agreement with the Bank, which entitles him to certain payments following a change in control of the Company. The Severance Protection Agreement was filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 as Exhibit 10.6.