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

June 5, 1998 Vol. X - No. 22

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
June 5, 1998 - Vol. X - No. 22

SECTION I

NEW BANK

DATE

DESCRIPTION

ACTIVITY

5/28/98

New Peoples Bank, Inc., Honaker, VA to commence banking business at Gent

Street, Honaker, Russell County, Virginia and establish branches at 131 U.S.

Highway 23 South, Weber City, Scott County, Virginia and Miners Drive,

Castlewood, Russell County, Virginia

Filed

BRANCHES OF VIRGINIA BANKS

DATE

INSTITUTION

LOCATION

ACTIVITY

5/29/98

F & M Bank-Northern Virginia

Fairfax, VA

200 North Washington Street,

City of Alexandria, VA

Closed

6/1/98

Peoples Community Bank

Montross, VA

southeast corner of the intersection

of State Route 3 and State Route 607, Stafford County, VA

Opened

6/1/98

Bank of McKenney

McKenney, VA

20815 Chesterfield Plaza,

Ettrick, Chesterfield Count, VA

Approved

6/2/98

Crestar Bank

Richmond, VA

Fort Belvoir Commissary,

6020 Gorgas Road, Suite 101, Fort Belvoir, Fairfax County, VA

Filed

6/3/98

Community Bank of Northern Virginia

Sterling, VA

6949 Commerce Street,

Springfield, Fairfax County, VA

Filed

CONVERSION

5/31/98

First Colonial Bank to commence banking business at 5100 Oaklawn

Boulevard, Prince George County, Virginia with the conversion of First

Colonial Bank, a Federal Savings Bank to a state chartered bank

Effective

NAME CHANGE

5/31/98

MainStreet BankGroup Incorporated, Martinsville VA has changed its name

to MainStreet Financial Corporation.

Effective



 

 

 

 
SECTION II

APPLICATIONS OF NATIONAL BANKS

NEW BANK

DATE

INSTITUTION

LOCATION

ACTIVITY

5/19/98

Virginia National Bank

Charlottesville, VA

321 W. Main Street

Charlottesville, VA

Approved


BRANCHES

2/28/98

The Old Point National Bank

of Phoebus, Hampton, VA

1613 Hardy Cash Drive

Hampton, VA

Effective

5/18/98

First National Bank

Christiansburg, VA

280 Main Street,

Wytheville, VA

Effective

5/18/98

The First National Bank of Altavista

Altavista, VA

4416-4418 Wards Road

Lynchburg, VA

Filed

MERGER

DATE

DESCRIPTION

ACTIVITY

5/27/98

One Valley Bank - Central Virginia, National Association, Lynchburg, VA to

merge into it First Federal Savings Bank of Lynchburg, Lynchburg, VA

Approved

NO OTHER APPLICATIONS RECEIVED