HULSEY, OLIVER & MAHAR LETTERHEAD] July 6, 2004Gb&t Bancshares Inc • July 9th, 2004 • State commercial banks
We have acted as Counsel to GB&T Bancshares, Inc., a corporation organized and existing under the laws of the State of Georgia with its principal offices located in Gainesville, Georgia, in connection with the Agreement and Plan of Reorganization (the "Merger Agreement") with Lumpkin County Bank, a corporation organized and existing under the laws of the State of Georgia, with its principal offices located in Dahlonega, Georgia. This opinion is furnished to you pursuant to section 9.3(d) of the Merger Agreement, and GB&T has requested that we deliver this opinion to you. All capitalized terms not otherwise defined herein shall have the meanings attributed to them in the Merger Agreement.
HULSEY, OLIVER & MAHAR LETTERHEAD] July 6, 2004Gb&t Bancshares Inc • July 9th, 2004 • State commercial banks
RE: Agreement and Plan of Reorganization between GB&T Bancshares, Inc. ("GB&T") and Lumpkin County Bank ("LCB") dated as of February 11, 2004, as amended (the "Merger Agreement").
