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<TITLE>GBC BANCORP, INC.</TITLE>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="3"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT>

<div align="center"><FONT size="3"><B>Washington, D.C.
20549</B></FONT></div>

<P align="center"><FONT size="2"><B>FORM S-8<BR>
REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B></FONT>

<P align="center"><FONT size="2"><B>GBC BANCORP, INC.</B></font>
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<div align="center"><FONT size="2">(Exact name of registrant as
specified in its charter)</FONT></div>

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        <TD valign="bottom" align="center" ><FONT size="2"><B>Georgia</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
<B>165 Nash Street<BR>
Lawrenceville, Georgia 30045</B>
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="bottom"><FONT size="2"><B>58-2265327</B></FONT></TD>
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        <TD valign="top" align="center"><FONT size="2">(State or other jurisdiction<BR> of
incorporation or organization)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">
(Address of principal executive offices)
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">(I.R.S. Employer
Identification Number)</FONT></TD>
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<P align="center"><FONT size="2"><B>1998 STOCK OPTION PLAN<BR>
OF<BR>
GBC BANCORP, INC.<BR>
(As Amended and Restated)</B></font>
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<div align="center"><FONT size="2">(Full title of the
plan)</FONT></div>

<P align="center"><FONT size="2"><B>Elizabeth O. Derrick, Esq.<BR>
Womble Carlyle Sandridge &#038; Rice, PLLC<BR>
3500 One Atlantic Center<BR>
1201 West Peachtree Street, NE<BR>
Atlanta, Georgia 30309<BR>
( 404) 872-7000</B></font>
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<div align="center"><FONT size="2">(Name, address and telephone number,<BR>
including area code, of agent for service)</FONT></div>

<P align="center"><FONT size="2"><B>CALCULATION OF REGISTRATION FEE</B></FONT>
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        <TD width="7%">&nbsp;</TD>
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        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
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        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Proposed</B></FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>Title of</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
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        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>maximum</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>securities</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Amount</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>aggregate</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>to be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>to be</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>price</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>offering</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>registration</B></FONT></TD>
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        <TD nowrap align="center"><FONT size="1"><B>registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>registered</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>per share (1)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>price (1)</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center" colspan="3"><FONT size="1"><B>fee (1)</B></FONT></TD>
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        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD colspan="3"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
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        <TD valign="top"><FONT size="2">Common
Stock, par value
$1.00 per share</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
220,000 shares
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">12.03
</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">2,646,600
</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">244.00</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
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      <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Pursuant to Rule&nbsp;457(h)(1), based on the book value of the Company&#146;s
common stock as of June&nbsp;30, 2002.</FONT></TD>
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD colspan="9"><A HREF="#000">PART II</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002"> EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="g77276exv5.htm">Opinion of Womble Carlyle Sandridge & Rice, PLLC</A></TD></TR>
<TR><TD colspan="9"><A HREF="g77276exv23w2.htm">Consent of Mauldin & Jenkins, LLC.</A></TD></TR>
<TR><TD colspan="9"><A HREF="g77276exv99.htm">1998 Stock Option Plan of GBC Bancorp, Inc.</A></TD></TR>
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<P align="center"><FONT size="2"><B>PART II</B></FONT>

<P align="center"><FONT size="2"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></FONT>

<P align="left"><FONT size="2"><B>Item</B>&nbsp;<B>3.</B>&nbsp;&nbsp;<B>Incorporation of Documents by Reference</B>.</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by GBC Bancorp, Inc. (the &#147;Company&#148;) with
the Securities and Exchange Commission (the &#147;Commission&#148;) pursuant to the
Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) are incorporated herein by
reference:
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Company&#146;s Annual Report on Form&nbsp;10-KSB for the fiscal year
ended December&nbsp;31, 2001;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Company&#146;s Form&nbsp;10-QSB for the quarter ended March&nbsp;31, 2002;</FONT></TD>
</TR>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The description of the Company&#146;s Common Stock, par value $1.00
per share, contained in the Company&#146;s Registration Statement on Form&nbsp;SB-2
(Registration No.&nbsp;333-19081), filed with the Commission on December&nbsp;31,
1996, including any amendment or report filed for the purpose of updating
such description.</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;All other reports filed pursuant to Section&nbsp;13(a) or 15(d) of
the Exchange Act after the date hereof.</FONT></TD>
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<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post-effective amendment which indicates that all securities offered hereby
have been sold or which deregisters all securities remaining unsold, shall be
deemed to be incorporated by reference herein and to be a part hereof from the
date of the filing of such documents.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to General Instruction E to Form&nbsp;S-8, the contents of
Registration Statement No.&nbsp;333-55474, relating to the offer and sale of the
Company&#146;s Common Stock under the Company&#146;s 1998 Stock Option Plan, are
incorporated by reference in this Registration Statement on Form&nbsp;S-8.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;4.</B>&nbsp;&nbsp;<B>Description of Securities.</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Articles of Incorporation authorize the Company to issue up
to 3,000,000 shares of Common Stock, par value $1.00 per share. All
outstanding shares of Common Stock of the Company are entitled to share equally
in dividends from funds legally available therefor, when, as and if declared by
the Board of Directors, and upon liquidation or dissolution of the Company,
whether voluntary or involuntary, are entitled to share equally in all assets
of the Company available for distribution to the shareholders. The Company
does not anticipate paying any cash dividends on the Common Stock in the near
future. Each holder of a share of outstanding Common Stock is entitled to one
vote for each share on all matters submitted to the shareholders. Holders of
Common Stock do not have any preemptive right to acquire authorized but
unissued capital stock of the Company. There is no cumulative voting right,
redemption right, sinking fund provision, or right of conversion in existence
with respect to the Common Stock.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;5.</B>&nbsp;&nbsp;<B>Interests of Named Experts and Counsel.</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The legality of the securities offered hereby has been passed upon by the
firm of Womble Carlyle Sandridge &#038; Rice, PLLC, counsel to the Company. Members
of the firm beneficially own approximately 500 shares of the Company&#146;s Common
Stock.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;6.</B>&nbsp;&nbsp;<B>Indemnification of Directors and Officers</B>.</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consistent with the pertinent provisions of the laws of Georgia, the
Company&#146;s Bylaws provide that the Company shall have the power to indemnify its
directors and officers against expenses (including attorneys&#146; fees) and
liabilities arising from actual or threatened actions, suits or proceedings,
whether or not settled, to which they
</FONT>
<P align="center"><FONT size="2">II-2</FONT>
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<P><FONT size="2">become subject by reason of having served in such role if such director or
officer acted in good faith and in a manner he or she reasonably believed to be
in or not opposed to the best interests of the Company and, with respect to a
criminal action or proceeding, had no reasonable cause to believe his or her
conduct was unlawful. Advances against expenses shall be made so long as the
person seeking indemnification agrees to refund the advances if it is
ultimately determined that he or she is not entitled to indemnification. A
determination of whether indemnification of a director or officer is proper
because he or she met the applicable standard of conduct shall be made (a)&nbsp;by
the Board of Directors of the Company; (b)&nbsp;by a committee of the Board of
Directors consisting of two or more directors not party to the proceeding; (c)
in certain circumstances, by independent legal counsel in a written opinion; or
(d)&nbsp;by the affirmative vote of a majority vote of the shares entitled to vote.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;7.</B>&nbsp;&nbsp;<B>Exemption from Registration Claimed.</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;8.</B>&nbsp;&nbsp;<B>Exhibits.</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed as a part of this Registration Statement:
</FONT>
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        <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
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        <TD><FONT size="1">&nbsp;</FONT></TD>
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        <TD valign="top"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation of the Company, as amended (filed
as Exhibit&nbsp;3.1 to the Registration Statement on Form&nbsp;SB-2, as
amended (Registration File No.&nbsp;333-19081)).</FONT></TD>
</TR>

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<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Amended and Restated Bylaws of the Company (filed as Exhibit
3.2 to the Registration Statement on Form&nbsp;SB-2, as amended
(Registration File No.&nbsp;333-19081)).</FONT></TD>
</TR>

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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Specimen Common Stock Certificate (filed as Exhibit&nbsp;4.2 to
the Registration Statement on Form&nbsp;SB-2, as amended (Registration
File No.&nbsp;333-19081)).</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">5</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Womble Carlyle Sandridge &#038; Rice, PLLC, as to the
legality of the Common Stock being registered.</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Womble Carlyle Sandridge &#038; Rice, PLLC, which is
contained in its opinion filed as Exhibit&nbsp;5.</FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Mauldin &#038; Jenkins, LLC.</FONT></TD>
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        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">24</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney (See signature page to the Registration
Statement).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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<TR valign="bottom">
        <TD valign="top"><FONT size="2">99</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
1998 Stock Option Plan of GBC Bancorp, Inc., as amended and
restated effective January&nbsp;15, 2002.</FONT></TD>
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<P align="left"><FONT size="2"><B>Item&nbsp;9.</B>&nbsp;&nbsp;<B>Undertakings.</B></FONT>

<P align="left"><FONT size="2">(a)&nbsp;The Company hereby undertakes:</FONT>

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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>

<TD align="left"><FONT size="2">(i)</FONT></TD>

<TD align="left"><FONT size="2">To include any prospectus required by Section
10(a)(3) of the Securities Act;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
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        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(ii)</FONT></TD>
        <TD><FONT size="2">To reflect in the prospectus any facts or events
arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental
change in the information set forth in the Registration
Statement;</FONT></TD>
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<P align="center"><FONT size="2">II-3</FONT>
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<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">(iii)&nbsp;To include any material information with respect
to the plan of distribution not previously disclosed in the
Registration &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statement or any material change to such
information in the Registration Statement;</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or
furnished to the Commission by the Company pursuant to Section&nbsp;13 or
Section&nbsp;15(d) of the Exchange Act that are incorporated by reference in
the Registration Statement.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="93%"><FONT size="2">To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">(b)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">The Company hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Company&#146;s annual
report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act that
is incorporated by reference in the Registration Statement shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">(c)</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Company of expenses incurred or paid by a director, officer or controlling
person of the Company in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of
such issue.</FONT></TD>
</TR>
</TABLE>
<P align="center"><FONT size="2">II-4</FONT>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="001"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, GBC Bancorp,
Inc. certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form&nbsp;S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Atlanta, State of Georgia, on this 25th day of
July, 2002.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
        <TD width="8%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="79%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>GBC BANCORP, INC</B>
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2"><B></B></FONT></TD>
</TR>

<TR>
<TD COLSPAN="6">&nbsp;</TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2"></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
By: /s/ Larry D. Key</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Larry D. Key<BR>
President, Chief Executive Officer and<BR>
Chairman of the Board</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears on
the signature pages to this Registration Statement constitutes and appoints
Larry D. Key and John T. Hopkins III and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for the undersigned, and in his name, place and stead, in any
and all capacities to sign any and all amendments, including post-effective
amendments, to this Registration Statement, to make such changes in the
Registration Statement as such attorneys-in-fact deems appropriate and to file
the same, with all exhibits thereto and other documents in connection therewith
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents and each of them, full power and authority to do
so and perform each and every act and thing requisite and necessary to be done
in and about the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or either of them, or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated on July 25, 2002.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="38%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="57%">&nbsp;</TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">/s/ Larry D. Key</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">/s/ John T. Hopkins III</FONT></TD>
</TR>

<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Name: Larry D. Key<BR>
Title: Chairman, President and<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(principal executive officer)</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Name: John T. Hopkins III<BR>
Title: Executive Vice President, Chief Financial<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Officer, Secretary and Treasurer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(principal financial and accounting officer)</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>


<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">/s/ James B. Ballard<BR></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">/s/ Jerry M. Boles</FONT></TD>
</TR>

<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Name: James B. Ballard<BR></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Name: Jerry M. Boles</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Title: Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Title: Director</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">/s/ W. H. Britt</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">/s/ Richard F. Combs</FONT></TD>
</TR>

<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Name: W. H. Britt</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Name: Richard F. Combs</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Title: Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Title: Director</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-5</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="38%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="57%">&nbsp;</TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">/s/ William G. Hayes</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">/s/ Douglas A. Langley</FONT></TD>
</TR>


<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Name: William G. Hayes</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Name: Douglas A. Langley</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Title: Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Title: Director</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">/s/ Norris J. Nash</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" valign="top"><FONT size="2">/s/ James J. Powell</FONT></TD>
</TR>

<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Name: Norris J. Nash</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Name: James J. Powell</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Title: Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Title: Director</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" align="center"><FONT size="2">/s/ William S. Stanton</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
        <TD valign="top"><HR size="1" noshade></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">Name: William S. Stanton</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Title: Director</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">II-6</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 " EXHIBIT INDEX" -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="center"><FONT size="2"><B>EXHIBIT INDEX<BR>
to<BR>
Registration Statement on Form&nbsp;S-8 of<BR>
GBC Bancorp, Inc.</B></FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="10%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="85%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><FONT size="1"><B>Number</B></FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
</TR>
<TR valign="bottom">
        <TD nowrap align="center"><HR size="1" noshade></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Articles of Incorporation of the Company, as amended
(filed as Exhibit&nbsp;3.1 to the Registration Statement on Form&nbsp;SB-2,
as amended (Registration File No.&nbsp;333-19081)).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Amended and Restated Bylaws of the Company (filed as
Exhibit&nbsp;3.2 to the Registration Statement on Form&nbsp;SB-2, as amended
(Registration File No.&nbsp;333-19081)).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">4.3</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Specimen Common Stock Certificate (filed as Exhibit&nbsp;4.2
to the Registration Statement on Form&nbsp;SB-2, as amended
(Registration File No.&nbsp;333-19081)).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">5</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Opinion of Womble Carlyle Sandridge &#038; Rice, PLLC, as to
the legality of the Common Stock being registered.</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.1</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Womble Carlyle Sandridge &#038; Rice, PLLC, which is
contained in its opinion filed as Exhibit&nbsp;5.</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">23.2</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Consent of Mauldin &#038; Jenkins, LLC.</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">24</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Power of Attorney (See signature page to the Registration
Statement).</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">99</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
1998 Stock Option Plan of GBC Bancorp, Inc., as amended and
restated effective January&nbsp;15, 2002.</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">&nbsp;</FONT>



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GBC BANCORP, INC.
Table of Contents
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
GBC BANCORP, INC.
(Exact name of registrant as
specified in its charter)
Georgia
165 Nash Street
Lawrenceville, Georgia 30045
58-2265327
(State or other jurisdiction
of
incorporation or organization)
(Address of principal executive offices)
(I.R.S. Employer
Identification Number)
1998 STOCK OPTION PLAN
OF
GBC BANCORP, INC.
(As Amended and Restated)
(Full title of the
plan)
Elizabeth O. Derrick, Esq.
Womble Carlyle Sandridge & Rice, PLLC
3500 One Atlantic Center
1201 West Peachtree Street, NE
Atlanta, Georgia 30309
( 404) 872-7000
(Name, address and telephone number,
including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Title of
maximum
maximum
securities
Amount
offering
aggregate
Amount of
to be
to be
price
offering
registration
registered
registered
per share (1)
price (1)
fee (1)
Common
Stock, par value
$1.00 per share
220,000 shares
$
12.03
$
2,646,600
$
244.00
(1)
Pursuant to Rule 457(h)(1), based on the book value of the Company's
common stock as of June 30, 2002.
TABLE OF CONTENTS
PART II
SIGNATURES
EXHIBIT INDEX
Opinion of Womble Carlyle Sandridge & Rice, PLLC
Consent of Mauldin & Jenkins, LLC.
1998 Stock Option Plan of GBC Bancorp, Inc.
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item
3.
Incorporation of Documents by Reference
.
The following documents filed by GBC Bancorp, Inc. (the "Company") with
the Securities and Exchange Commission (the "Commission") pursuant to the
Securities Exchange Act of 1934 (the "Exchange Act") are incorporated herein by
reference:
(a) The Company's Annual Report on Form 10-KSB for the fiscal year
ended December 31, 2001;
(b) The Company's Form 10-QSB for the quarter ended March 31, 2002;
(c) The description of the Company's Common Stock, par value $1.00
per share, contained in the Company's Registration Statement on Form SB-2
(Registration No. 333-19081), filed with the Commission on December 31,
1996, including any amendment or report filed for the purpose of updating
such description.
(d) All other reports filed pursuant to Section 13(a) or 15(d) of
the Exchange Act after the date hereof.
All documents subsequently filed by the Company pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a
post-effective amendment which indicates that all securities offered hereby
have been sold or which deregisters all securities remaining unsold, shall be
deemed to be incorporated by reference herein and to be a part hereof from the
date of the filing of such documents.
Pursuant to General Instruction E to Form S-8, the contents of
Registration Statement No. 333-55474, relating to the offer and sale of the
Company's Common Stock under the Company's 1998 Stock Option Plan, are
incorporated by reference in this Registration Statement on Form S-8.
Item 4.
Description of Securities.
The Company's Articles of Incorporation authorize the Company to issue up
to 3,000,000 shares of Common Stock, par value $1.00 per share. All
outstanding shares of Common Stock of the Company are entitled to share equally
in dividends from funds legally available therefor, when, as and if declared by
the Board of Directors, and upon liquidation or dissolution of the Company,
whether voluntary or involuntary, are entitled to share equally in all assets
of the Company available for distribution to the shareholders. The Company
does not anticipate paying any cash dividends on the Common Stock in the near
future. Each holder of a share of outstanding Common Stock is entitled to one
vote for each share on all matters submitted to the shareholders. Holders of
Common Stock do not have any preemptive right to acquire authorized but
unissued capital stock of the Company. There is no cumulative voting right,
redemption right, sinking fund provision, or right of conversion in existence
with respect to the Common Stock.
Item 5.
Interests of Named Experts and Counsel.
The legality of the securities offered hereby has been passed upon by the
firm of Womble Carlyle Sandridge & Rice, PLLC, counsel to the Company. Members
of the firm beneficially own approximately 500 shares of the Company's Common
Stock.
Item 6.
Indemnification of Directors and Officers
.
Consistent with the pertinent provisions of the laws of Georgia, the
Company's Bylaws provide that the Company shall have the power to indemnify its
directors and officers against expenses (including attorneys' fees) and
liabilities arising from actual or threatened actions, suits or proceedings,
whether or not settled, to which they
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become subject by reason of having served in such role if such director or
officer acted in good faith and in a manner he or she reasonably believed to be
in or not opposed to the best interests of the Company and, with respect to a
criminal action or proceeding, had no reasonable cause to believe his or her
conduct was unlawful. Advances against expenses shall be made so long as the
person seeking indemnification agrees to refund the advances if it is
ultimately determined that he or she is not entitled to indemnification. A
determination of whether indemnification of a director or officer is proper
because he or she met the applicable standard of conduct shall be made (a) by
the Board of Directors of the Company; (b) by a committee of the Board of
Directors consisting of two or more directors not party to the proceeding; (c)
in certain circumstances, by independent legal counsel in a written opinion; or
(d) by the affirmative vote of a majority vote of the shares entitled to vote.
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item 8.
Exhibits.
The following exhibits are filed as a part of this Registration Statement:
Number
Description
4.1
Articles of Incorporation of the Company, as amended (filed
as Exhibit 3.1 to the Registration Statement on Form SB-2, as
amended (Registration File No. 333-19081)).
4.2
Amended and Restated Bylaws of the Company (filed as Exhibit
3.2 to the Registration Statement on Form SB-2, as amended
(Registration File No. 333-19081)).
4.3
Specimen Common Stock Certificate (filed as Exhibit 4.2 to
the Registration Statement on Form SB-2, as amended (Registration
File No. 333-19081)).
5
Opinion of Womble Carlyle Sandridge & Rice, PLLC, as to the
legality of the Common Stock being registered.
23.1
Consent of Womble Carlyle Sandridge & Rice, PLLC, which is
contained in its opinion filed as Exhibit 5.
23.2
Consent of Mauldin & Jenkins, LLC.
24
Power of Attorney (See signature page to the Registration
Statement).
99
1998 Stock Option Plan of GBC Bancorp, Inc., as amended and
restated effective January 15, 2002.
Item 9.
Undertakings.
(a) The Company hereby undertakes:
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section
10(a)(3) of the Securities Act;
(ii)
To reflect in the prospectus any facts or events
arising after the effective date of the Registration Statement
(or the most recent post-effective amendment thereof) which,
individually or in the aggregate, represent a fundamental
change in the information set forth in the Registration
Statement;
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(iii) To include any material information with respect
to the plan of distribution not previously disclosed in the
Registration        Statement or any material change to such
information in the Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply
if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or
furnished to the Commission by the Company pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in
the Registration Statement.
(2)
That, for the purpose of determining any liability under the
Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold
at the termination of the offering.
(b)
The Company hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the Company's annual
report pursuant to Section 13(a) or Section 15(d) of the Exchange Act that
is incorporated by reference in the Registration Statement shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities
Act may be permitted to directors, officers and controlling persons of the
Company pursuant to the foregoing provisions, or otherwise, the Company
has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the
Company of expenses incurred or paid by a director, officer or controlling
person of the Company in the successful defense of any action, suit or
proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the Company will, unless
in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question
whether such indemnification by it is against public policy as expressed
in the Securities Act and will be governed by the final adjudication of
such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, GBC Bancorp,
Inc. certifies that it has reasonable grounds to believe that it meets all of
the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Atlanta, State of Georgia, on this 25th day of
July, 2002.
GBC BANCORP, INC
By: /s/ Larry D. Key
Larry D. Key
President, Chief Executive Officer and
Chairman of the Board
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS that each person whose signature appears on
the signature pages to this Registration Statement constitutes and appoints
Larry D. Key and John T. Hopkins III and each of them, his true and lawful
attorneys-in-fact and agents, with full power of substitution and
resubstitution, for the undersigned, and in his name, place and stead, in any
and all capacities to sign any and all amendments, including post-effective
amendments, to this Registration Statement, to make such changes in the
Registration Statement as such attorneys-in-fact deems appropriate and to file
the same, with all exhibits thereto and other documents in connection therewith
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents and each of them, full power and authority to do
so and perform each and every act and thing requisite and necessary to be done
in and about the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents or either of them, or their or his substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated on July 25, 2002.
/s/ Larry D. Key
/s/ John T. Hopkins III
Name: Larry D. Key
Title: Chairman, President and
Chief Executive Officer
(principal executive officer)
Name: John T. Hopkins III
Title: Executive Vice President, Chief Financial
Officer, Secretary and Treasurer
(principal financial and accounting officer)
/s/ James B. Ballard
/s/ Jerry M. Boles
Name: James B. Ballard
Name: Jerry M. Boles
Title: Director
Title: Director
/s/ W. H. Britt
/s/ Richard F. Combs
Name: W. H. Britt
Name: Richard F. Combs
Title: Director
Title: Director
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/s/ William G. Hayes
/s/ Douglas A. Langley
Name: William G. Hayes
Name: Douglas A. Langley
Title: Director
Title: Director
/s/ Norris J. Nash
/s/ James J. Powell
Name: Norris J. Nash
Name: James J. Powell
Title: Director
Title: Director
/s/ William S. Stanton
Name: William S. Stanton
Title: Director
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EXHIBIT INDEX
to
Registration Statement on Form S-8 of
GBC Bancorp, Inc.
Number
Description
4.1
Articles of Incorporation of the Company, as amended
(filed as Exhibit 3.1 to the Registration Statement on Form SB-2,
as amended (Registration File No. 333-19081)).
4.2
Amended and Restated Bylaws of the Company (filed as
Exhibit 3.2 to the Registration Statement on Form SB-2, as amended
(Registration File No. 333-19081)).
4.3
Specimen Common Stock Certificate (filed as Exhibit 4.2
to the Registration Statement on Form SB-2, as amended
(Registration File No. 333-19081)).
5
Opinion of Womble Carlyle Sandridge & Rice, PLLC, as to
the legality of the Common Stock being registered.
23.1
Consent of Womble Carlyle Sandridge & Rice, PLLC, which is
contained in its opinion filed as Exhibit 5.
23.2
Consent of Mauldin & Jenkins, LLC.
24
Power of Attorney (See signature page to the Registration
Statement).
99
1998 Stock Option Plan of GBC Bancorp, Inc., as amended and
restated effective January 15, 2002.