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

May 15, 1998 Vol. X - No. 19

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
May 15, 1998 - Vol. X - No. 19

SECTION I
APPLICATION FILED PURSUANT TO SECTION 6.1-383.1 OF THE VIRGINIA CODE
DATE DESCRIPTION ACTIVITY
05/08/98 Cardinal Financial Corporation, Fairfax, VA to acquire 100 percent of the voting stock of Cardinal Bank, N.A., Fairfax, VA Approved
05/11/98 Resource Bankshares Corporation, Virginia Beach, VA to acquire 100 percent of the voting stock of Resource Bank, Virginia Beach, VA Filed

MERGERS
05/14/98 Branch Banking and Trust Company of Virginia, Virginia Beach, VA to merge into it Life Savings Bank, F.S.B., Norfolk, VA Approved

BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
05/04/98 Horizon Bank Fairfax, VA 7857 Heritage Drive Annandale, Fairfax County, VA Opened
05/05/98 United Bank Fairfax, VA 101 E. Holly Avenue Sterling, Loudoun County, VA Closed
3065-C Centreville Road Herndon, Fairfax County, VA Closed
05/06/98 Planters Bank & Trust Company of Virginia Staunton, VA 100 Lucy Lane, City of Waynesboro, VA Approved
375 North Mason Street, City of Harrisonburg, VA Approved
05/12/98 First Virginia Bank-Mountain Empire, Abingdon, VA Kroger Supermarket, Gate City City of Bristol, VA Approved Highway and Midway Street

EFT
05/07/98 The Marathon Bank Stephen City, VA 146 West Old Cross Road New Market, Shenandoah County, VA Will Not Exercise authority

    SECTION II
APPLICATIONS OF NATIONAL BANKS

NEW NATIONAL BANK
05/01/98 First National Exchange Bank Roanoke, VA 1722 Hershberger Road Roanoke, VA Effective

BRANCHES
04/20/98 Riggs Bank National Association McLean, VA 2231 Crystal Drive Arlington, VA Effective
04/24/98 Peoples National Bank Danville, VA 903 South Main Street Danville, VA Effective
04/27/98 First National Bank Christiansburg, VA 280 Main Street Wytheville, VA Approved

BRANCH RELOCATION
04/27/98 One Valley Bank- Central Virginia, National Association FROM: 206 South Main Street Culpeper, VA TO: 806 Nottingham Street Culpeper, VA Approved

  NO OTHER APPLICATIONS RECEIVED