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 12, 1998 Vol. X - No. 23

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 12, 1998 - Vol. X - No. 23

SECTION I

NEW BANKS
DATE INSTITUTION LOCATION ACTIVITY
6/11/98 Potomac Bank of Virginia
Fairfax, VA		 133 Maple Avenue, Vienna,
Fairfax County, VA		 Approved
6/8/98 James Monroe Bank
Fairfax, VA		 3033 Wilson Boulevard, Fairfax, Arlington County, VA Opened
MERGERS
DATE DESCRIPTION ACTIVITY
6/2/98 CENIT Bank (formerly Princess Anne Bank) merged into CENIT Bank, FSB Effective
6/5/98 Hanover Bank, Mechanicsville, VA to merge into it First Community Bank,
Forest, Virginia and Regency Bank, Richmond, VA under the title of
MainStreet Bank (Central Virginia) 		Filed
6/8/98 Sentinel Interim Bank (Phantom )to begin business as a bank upon the merger
into it of First Sentinel Bank, Richlands, Virginia		 Filed
APPLICATIONS FILED PURSUANT TO SECTION 6.1-194 OF THE VIRGINIA CODE
DATE DESCRIPTION ACTIVITY
6/08/98 BB&T Corporation, Winston-Salem, North Carolina, to acquire Maryland
Federal Bancorp, Inc., Hyattsville, MD		 Filed
APPLICATIONS FILED PURSUANT TO SECTION 6.1-406 OF THE VIRGINIA CODE
6/5/98 BB&T Corporation, Winston-Salem, North Carolina to acquire BB&T
Bankcard Corporation, Columbus, GA		 Approved

BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
6/5/98 Southside Bank
Tappahannock, VA 		7132 George Washington Memorial
Highway, Gloucester County, VA		 Opened
6/8/98 First Virginia Bank of Tidewater
Norfolk, VA		 1401 Greenbrier Parkway
Greenbrier Mall City of Chesapeake, VA		 Filed
SECTION I
BRANCHES OF VIRGINIA BANKS (cont.)
DATE INSTITUTION LOCATION ACTIVITY
6/10/98 The Bank of Marion
Marion, VA		 702 Fairmont Avenue,
Honaker, Russell County, VA		 Filed


196 East Jackson Street, Gate City,
Scott County, VA		 Filed


U.S. Highway 23 North and
Legion Street, Weber City,
Scott County, VA		 Filed
6/10/98 King George State Bank, Inc.
King George, VA		 James Madison Parkway, near its
intersection with County Road 614,
King George, King George County,
VA		 Filed
6/11/98 Union Bank and Trust Company
Bowling Green, VA		 6110 Mechanicsville Turnpike,
Mechanicsville, Hanover County, VA		 Filed
SECTION II

APPLICATIONS OF NATIONAL BANKS

NEW BANK
DATE INSTITUTION LOCATION ACTIVITY
5/19/98 Virginia National Bank
Charlottesville, VA		 321 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 The First National Bank of Altavista
Altavista, VA		 4416-4418 Wards Road
Lynchburg, VA		 Filed
5/18/98 First National Bank
Christiansburg, VA		 280 Main Street
Wytheville, VA		 Effective
 
 
SECTION II

APPLICATIONS OF NATIONAL BANKS (cont.)

MERGERS
DATE DESCRIPTION ACTIVITY
5/27/98 One Valley Bank-Central Virginia, National Association to merge into it
First Federal Savings Bank of Lynchburg, Lynchburg, VA		 Approved
NO OTHER APPLICATIONS RECEIVED