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

December 31, 1997 Vol. IX - No. 52

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 federal 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
December 319, 1997 - Vol. IX - No. 52

SECTION I

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

DATE

DESCRIPTION

ACTIVITY

12/15/97

Wachovia Corporation, Winston-Salem, NC to acquire Central Fidelity Banks, Inc. and its subsidiary, Central Fidelity National Bank, Richmond, VA

Effective

APPLICATION FILED PURSUANT TO SECTION 6.1-383.1 OF THE VIRGINIA CODE

12/18/97

GNB Bankshares Corporation, Grundy, VA to acquire 100 percent of the voting stock of Grundy National Bank, Grundy, VA

Approved

MERGER

12/29/97

Branch Banking and Trust Company of Virginia, Virginia Beach, VA to merge into it Virginia First Savings Bank, F.S.B., Petersburg, VA

Approved

INTERSTATE MERGER NOTICE

12/24/97

First Union National Bank, Avondale, PA to merge into it First Union National Bank, Charlotte, NC and to relocate the main office of the resulting institution to 301 South College Street, Charlotte, NC

Filed

BRANCHES

DATE INSTITUTION LOCATION ACTIVITY
12/30/97 Northern Neck State Bank
Warsaw, VA
284 North Main Street,
Kilmarnock, Lancaster County, VA
Approved
    485 Chesapeake Drive, White
Stone, Lancaster County, VA
Approved
    Route 360 - Main Street, Reedville,
Northumberland County, VA
Approved
    15043 Northumberland Highway,
Burgess, Northumberland County, VA
Approved
12/30/97 King George State Bank, Inc.
King George, VA
State Route 205 - McKinney
Boulevard, Colonial Beach,
Westmoreland County, VA
Approved

NOTICE FILED PURSUANT TO THE VIRGINIA SAVINGS INSTITUTION ACT

BRANCH

DATE

INSTITUTION

LOCATION

ACTIVITY

12/15/97

Caroline Savings Bank
Bowling Green, VA
2609 Lafayette Boulevard,
Spotsylvania County, VA
Closed

SECTION II

APPLICATIONS OF NATIONAL BANKS

On December 8, 1997, First Union National Bank, Charlotte, NC closed 53 branches at the following locations: (1) 1963 South Crater Road, Petersburg, VA; (2) 651 Boulevard, Colonial Heights, VA; (3) 2422 Princess Anne Road, Virginia Beach, VA; (4) 2004 Augustine Avenue, Fredericksburg, VA; (5) 5900 Midlothian Turnpike, Richmond, VA; (6) 2001 Jefferson Davis Highway, Arlington, VA; (7) 6949 Commerce Street, Springfield, VA; (8) 1515 N. Courthouse Road, Arlington, VA; (9) 4851 S. Laburnum Avenue, Richmond, VA; (10) 5001 W. Broad Street, Richmond, VA; (11) 10 North Main Street, Galax, VA; (12) 776 J Clyde Morris Boulevard, Newport News, VA; (13) 14801 Warwick Boulevard, Newport News, VA; (14) 8091 Sudley Road, Manassas, VA; (15) 13927 Jefferson Davis Highway, Woodbridge, VA; (16) 870 North Military Highway, Norfolk, VA; (17) 425 State Street, Bristol, VA; (18) 100 East Main Street, Salem, VA; (19) 133 North Fairfax Street, Alexandria, VA; (20) 901 North Stuart Street, Arlington, VA; (21) 4736 Lee Highway, Arlington, VA; (22) 4087 University Drive, Fairfax, VA; (23) 225 West Broad Street, Falls Church, VA; (24) 13021 Worldgate Drive, Herndon, VA; (25) 9166 Mathis Avenue, Manassas, VA; (26) 21700 Towncenter Plaza, Sterling, VA; (27) 3216 Western Branch Blvd., Chesapeake, VA; (28) 4101 Dominion Boulevard, Glen Allen, VA; (29) 374 Maple Avenue East, Vienna, VA; (30) 355 Crawford Street, Portsmouth, VA; (31) 906 Branchway Road, Richmond, VA; (32) 5734 Hopkins Road, Richmond, VA; (33) 1415 Eastridge Road, Richmond, VA; (34) Main Street & Mill Avenue, Lebanon, VA; (35) 3052 Fourth Avenue, St. Paul, VA; (36) 901 Hardy Road, Vinton, VA; (37) 3000 Lee Highway, Bristol, VA; (38) 3132 Electric Road, S.W., Roanoke, VA; (39) 3615 Franklin Road, S.W., Roanoke, VA; (40) 4460 Corporation Lane, Virginia Beach, VA; (41) 7799 Leesburg Pike, Falls Church, VA; (42) 1510 South Military Highway, Chesapeake, VA; (43) 7117 Mechanicsville Turnpike, Mechanicsville, VA; (44) 96 Main Street, Newport News, VA; (45) 3101 Washington Avenue, Newport News, VA; (46) 6330 Newtown Road, Norfolk, VA; (47) 2230 West Parham Road, Richmond, VA; (48) 1705 Baltic Avenue, Virginia Beach, VA; (49) 925 Diamond Springs Road, Virginia Beach, VA; (50) 996 First Colonial Road, Virginia Beach, VA; (51) 5241 Providence Road, Virginia Beach, VA; (52) 2876 Dale Boulevard, Woodbridge, VA; (53) U.S. Rte 1 & 201 Graham Park Road, Dumfries, VA  

NO OTHER APPLICATIONS RECEIVED

HAPPY NEW YEAR!!