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

April 24, 1998 Vol. X - No. 16

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
April 24, 1998 - Vol. X - No. 16

SECTION I

MERGERS

DATE DESCRIPTION ACTIVITY
04/17/98 Branch Banking and Trust Company of Virginia, Virginia Beach, VA to merge into it Virginia First Savings Bank, F.S.B., Petersburg, VA Effective
04/17/98 Branch Banking and Trust Company of Virginia, Virginia Beach, VA to merge into it Fidelity Federal Savings Bank, Richmond, VA Effective
04/17/98 The George Mason Bank, Fairfax, VA to merge into it United Bank, Arlington, VA under the charter of The George Mason Bank and title of United Bank. Effective

BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
04/15/98 Bank of McKenney
McKenney, VA
6700 River Road, Matoaca,
Chesterfield County, VA
Opened
04/15/98 Bank of Northern Virginia Arlington, VA 200 Little Falls Road,
Falls Church , VA
Opened
04/17/98 United Bank
Fairfax, VA
1225 Eye Street, N.W.,
Washington, DC
Closed
04/18/98 United Bank
Fairfax, VA
12120 Sunset Hill Road
Reston, VA
Closed
      1301 Beverly Road
McLean, VA
Closed
302 Maple Avenue, West
Vienna, VA
Closed
04/20/98 First State Bank
Danville, VA
northwest corner of the intersection
of Mt. Cross Road and Piedmont
Drive, City of Danville, VA
Approved
04/20/98 Bank of Rockbridge Raphine, VA Lexington Crossing, US Route 11
North, Wal-Mart Supercenter,
Rockbridge County, VA
Approved
SECTION I (cont.)

BRANCHES OF VIRGINIA BANKS (cont.)

DATE INSTITUTION LOCATION ACTIVITY
04/20/98 Virginia Bank and Trust Company
Danville, VA
Tuscarora Village Shopping Center,
at the corner of the intersection
of Franklin Turnpike and Mount
Herman Circle, Pittyslvannia County,
VA
Approved
04/20/98 Union Bank and Trust Company
Bowling Green, VA
2811 Fall Hill Avenue, City of
Fredericksburg, VA
Approved
04/23/98 First Virginia Bank - Southwest
Roanoke, VA
313 West Thacker Drive, Riverbend
Mall, City of Covington, VA
Approved
 
SECTION II

APPLICATIONS OF NATIONAL BANKS

PURCHASE & ACQUISITION


DATE DESCRIPTION ACTIVITY
04/04/98 Powell Valley National Bank, Jonesville, VA purchased a branch of First
American Federal Savings Bank located at 211 E. 5th Street, Big Stone Gap,
VA
Effective
04/06/98 The National Bank of Blacksburg, Blacksburg, VA purchased a branch of
American Federal Savings Bank located at 506 East Stuart Avenue, Galax,
VA
Effective

NO OTHER APPLICATIONS RECEIVED