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
March 20, 1998 Vol. X - No. 11

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
March 20, 1998 - Vol. X - No. 11

SECTION I

APPLICATION FILED PURSUANT TO SECTION 6.1-383.1 OF THE VIRGINIA CODE
DATE DESCRIPTION ACTIVITY
03/10/98 Mainstreet Bankgroup Incorporated, Martinsville, VA to acquire 100
percent voting stock of Regency Financial Shares, Inc., Richmond, VA		 Effective

APPLICATION FILED PURSUANT TO CHAPTER 15 OF TITLE 6.1 OF THE VIRGINIA CODE
03/18/98 United Bankshares, Inc., Charleston, West Virginia, to acquire George Mason
Bankshares, Inc. and its subsidiary, The George Mason Bank, Fairfax, Virginia		 Approved

APPLICATION FILED PURSUANT TO SECTION 6.1-406 OF THE VIRGINIA CODE
03/16/98 BB&T Corporation, Winston-Salem, North Carolina, to acquire Franklin
Bancorporation, Inc., Washington, D.C.		 Filed

MERGERS
03/17/98 Branch Banking and Trust Company of Virginia, Virginia Beach, VA to merge
into it Virginia First Savings Bank, F.S.B., Norfolk, VA		 Filed
03/18/98 F&M Bank-Northern Virginia, Fairfax, Virginia to merge into it The Bank of
Alexandria, Alexandria, Virginia		 Filed
03/18/98 The George Mason Bank, Fairfax, VA to merge into it United Bank,
Arlington, VA		 Approved

BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
03/16/98 Bank of Suffolk
Suffolk, VA		 1514 Holland Road
City of Suffolk, VA		 Approved
03/16/98 Virginia Bank and Trust Company
Danville, VA		 intersection of Franklin Turnpike
and Mount Hermon Circle,
Pittsylvania County, Danville, VA		 Filed
03/17/98 Bank of Rockbridge
Raphine, VA		 Lexington Crossing,
U.S. Route 11 North,
Wal-Mart Supercenter,
Rockbridge County, VA		 Filed
03/18/98 Heritage Bank
McLean, VA		 Unit 6, Heritage Plaza,
Pidgeon Hill Drive, Sterling,
Loudoun County, VA		 Approved
03/19/98 First Virginia Bank-Piedmont
Lynchburg, VA		 143 Crown Drive,
City of Danville, VA		 Filed
03/19/98 First Virginia Bank-Southwest
Roanoke, VA		 Wal-Mart SuperCenter #2662
313 West Thacker Drive,
Riverbend Mall, Covington, VA		 Filed
03/19/98 Crestar Bank
Richmond, VA		 6075 Gorgas Road, Fort Belvoir,
Fairfax County, VA		 Approved
03/19/98 First Century Bank, N.A.
Bluefield, WV		 427 Virginia Avenue,
Bluefield, Tazewell County, VA		 No Objection
 

SECTION II

APPLICATIONS OF NATIONAL BANK


PURCHASES AND ASSUMPTIONS OF BRANCHES
03/13/98 The National Bank of Blacksburg, Blacksburg, VA to purchase branch of Approved
First American Federal Savings Bank, Roanoke, VA at 506 East Stuart Drive,  
Galax, VA  
 

NO OTHER APPLICATIONS RECEIVED