1 and 2 go to the batteries
Common goes to the "House"
NOTE: I do not recommend isolating the two banks unless you need a "Back up" system. the reason is Peukert's law, which basically says the faster your draw current off a battery the faster still it runs down. So by dividing the load between TWO parallel batteries (or more) you get more power out of them before dead.
But if say bank one is 4 GC-2 in series parallel and bank 2 is a single Group 27 just in case so you can start the Generator (with a Battery Tender or other small 3-stage charger on the 27) then by all means run off just bank one.