Vol IX - No 45

W E E K L Y I N F O R M A T I O N B U L L E T I N

November 07, 1997

Vol. IX - No. 45

SECTION I

Section I of the bulletin is a record, for the preceding week, of the receipt of, and actions on all applications by state chartered banks, bank holding companies, savings institutions, industrial loan associations and other entities or persons for: (1) certificates of authority to begin business, (2) acquisitions, (3) branches, (4) trust powers, (5) charter conversions, (6) name changes, (7) changes of location, (8) EFT facilities, and (9) mergers or consolidations. In addition, it lists structural changes of state chartered banks and savings institutions, such as opening and closing of offices and the effective date of mergers, acquisitions and relocations.

This bulletin constitutes the only notice of such activities that you will receive from the Bureau of Financial Institutions. If you desire a public hearing on an application, a written request for such a hearing must be received within 20 days from the date of this bulletin. The request should be addressed to:

E. J. Face, Jr. Commissioner of Financial Institutions Post Office Box 640 Richmond, Virginia 23218-0640

Communications other than requests for hearings related to an application will be welcomed and will receive careful consideration. All written communications will be made a part of the application file.

SECTION II Section II of the bulletin is a record, for your information, of notices received in this office during the preceding week pertaining to various applications by national banks and fedeal savings institutions to the federal agencies shown below:

Comptroller of the Currency
Southeastern District Office
Marquis One Tower
245 Peachtree Center Ave., N.E.
Atlanta, Georgia 30303
Office of Thrift Supervision
1475 Peachtree Street, N.E.
Post Office Box 105217
Atlanta, Georgia 30348-5217

Any comments you may wish to make regarding these applications should be addressed directly to the respective federal agency. A copy of your letter will be appreciated.

Weekly Information Bulletin -- prepared and distributed by the
Bureau of Financial Institutions, State Corporation Commission, Commonwealth of Virginia
November 07, 1997 - Vol. IX - No. 45

SECTION I
NEW BANK

DATE DESCRIPTION ACTIVITY

11/03/97 Shore Bank to commence banking business at 25253 Lankford Highway, Onley, VA with the conversion of Shore Bank, a federal savings bank into a state chartered bank Filed

APPLICATIONS FILED PURSUANT TO CHAPTER 15 OF TITLE 6.1 OF THE VIRGINIA CODE

10/31/97 Wachovia Corporation, Winston-Salem, NC, to acquire Jefferson Bankshares, Inc. and its subsidiary, Jefferson National Bank, Charlottesville, VA Effective

11/04/97 Wachovia Corporation, Winston-Salem, NC to acquire 1st United Bancorp, Boca Raton, FL and its bank subsidiary, 1st United Bank, Boca Raton, FL Approved

BRANCHES OF VIRGINIA BANKS

DATE INSTITUTION LOCATION ACTIVITY

10/27/97 First Virginia Bank of Tidewater Norfolk, VA Chesapeake Square Mall,
4200 Portsmouth Boulevard,
Room 480, City of Chesapeake, VA Closed

11/03/97 First State Bank of Tidewater
Norfolk, VA northwest corner of the Filed
Danville, VA intersection of Mt. Cross
Road and Piedmont Drive,
City of Danville, VA Filed

EFTs

10/29/97 Planters Bank & Trust Company of Virginia
Staunton, VA 305 Augusta Avenue,
Grottoes, Rockingham County, VA Opened

10/31/97 Highlands Union Bank
Abingdon, VA 1333 North Main Street,
Marion, Smyth County, VA Approved

BRANCHES OF OUT-OF-STATE BANK

10/31/97 First-Citizens Bank and Trust Company
Raleigh, NC 99 Bank Street,
Boydton, VA Filed

10/31/97 First-Citizens Bank and Trust Company
Raliegh, NC 1145 East Atlantic,
South Hill, VA Filed

122 West Atlantic,
South Hill, VA
Filed

110 Church Avenue,
Roanoke, VA
Filed

544 Stuart Drive East,
Galax, VA Filed

1959 Valley View,
Roanoke, VA Filed

702 Fairmount Avenue,
Honaker, VA Filed

U.S. Highway 23 North,
Weber, VA Filed

196 East Jackson Street,
Gate City, VA Filed

530 Main Street,
Danville, VA Filed

3320 Riverside Drive,
Danville, VA Filed

605 West Main Street,
Danville, VA Filed

1500 Piney Forest Road,
Danville, VA Filed

U. S. Route 11 and Trinkle,
Dublin, VA Filed

845 East Second Street,
Chase City, VA
Filed

SECTION II
APPLICATIONS OF NATIONAL BANKS
CONVERSION

DATE DESCRIPTION ACTIVITY

10/05/97 One Valley Bank-Central Virginia, Lynchburg, VA to convert from a federal thrift to a national bank under the name of One Valley Bank- Central Virginia, National Association Effective

BRANCHES

DATE INSTITUTION LOCATION ACTIVITY

09/18/97 NationsBank, National Association
Charlotte, NC 3021 Old Forest Road,
Lynchburg, VA Closed

10/04/97 Community National Bank
Pulaski, VA 1 West Main Street,
Pulaski, VA Opened

NO OTHER APPLICATIONS RECEIVED

DATE	DESCRIPTION	ACTIVITY
11/03/97	Shore Bank to commence banking business at 25253 Lankford Highway, Onley, VA with the conversion of Shore Bank, a federal savings bank into a state chartered bank	Filed
APPLICATIONS FILED PURSUANT TO CHAPTER 15 OF TITLE 6.1 OF THE VIRGINIA CODE
10/31/97	Wachovia Corporation, Winston-Salem, NC, to acquire Jefferson Bankshares, Inc. and its subsidiary, Jefferson National Bank, Charlottesville, VA	Effective
11/04/97	Wachovia Corporation, Winston-Salem, NC to acquire 1st United Bancorp, Boca Raton, FL and its bank subsidiary, 1st United Bank, Boca Raton, FL	Approved

DATE	INSTITUTION	LOCATION	ACTIVITY
10/27/97	First Virginia Bank of Tidewater Norfolk, VA	Chesapeake Square Mall, 4200 Portsmouth Boulevard, Room 480, City of Chesapeake, VA	Closed
11/03/97	First State Bank of Tidewater Norfolk, VA	northwest corner of the Filed Danville, VA intersection of Mt. Cross Road and Piedmont Drive, City of Danville, VA	Filed
EFTs
10/29/97	Planters Bank & Trust Company of Virginia Staunton, VA	305 Augusta Avenue, Grottoes, Rockingham County, VA	Opened
10/31/97	Highlands Union Bank Abingdon, VA	1333 North Main Street, Marion, Smyth County, VA	Approved
BRANCHES OF OUT-OF-STATE BANK
10/31/97	First-Citizens Bank and Trust Company Raleigh, NC	99 Bank Street, Boydton, VA	Filed
10/31/97	First-Citizens Bank and Trust Company Raliegh, NC	1145 East Atlantic, South Hill, VA	Filed
		122 West Atlantic, South Hill, VA	Filed
		110 Church Avenue, Roanoke, VA	Filed
		544 Stuart Drive East, Galax, VA	Filed
		1959 Valley View, Roanoke, VA	Filed
		702 Fairmount Avenue, Honaker, VA	Filed
		U.S. Highway 23 North, Weber, VA	Filed
		196 East Jackson Street, Gate City, VA	Filed
		530 Main Street, Danville, VA	Filed
		3320 Riverside Drive, Danville, VA	Filed
		605 West Main Street, Danville, VA	Filed
		1500 Piney Forest Road, Danville, VA	Filed
		U. S. Route 11 and Trinkle, Dublin, VA	Filed
		845 East Second Street, Chase City, VA	Filed