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

July 24, 1998 Vol. X - No. 29

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
July 24, 1998 - Vol. X - No. 29

SECTION I
NEW BANK

DATE DESCRIPTION ACTIVITY
7/20/98 Monarch Bank to begin banking business at 750 Volvo Parkway, City
of Chesapeake, VA
Filed
7/22/98 The Bank of Williamsburg to begin banking business at Williamsburg Crossing
Shopping Center, John Tyler Highway and Route 5, James City County, VA
Filed
7/22/98 Albemarle First Bank to begin banking business at 1265 Seminole Trail,
Albemarle County, VA
Filed
APPLICATION FILED PURSUANT TO SECTION 6.1-383.1 OF THE VIRGINIA CODE

DATE DESCRIPTION ACTIVITY
7/22/98 Union Bankshares Corporation , Bowling Green, VA to acquire 100 percent voting
stock of The Bank of Williamsburg, Williamsburg, VA
Filed

APPLICATION FILED PURSUANT TO CHAPTER 15 OF TITLE 6.1 OF THE VIRGINIA CODE
7/23/98 One Valley Bancorp, Inc., Charleston, West Virginia to acquire Summit
Bankshares, Inc., Raphine, VA
Approved
BRANCHES OF VIRGINIA BANKS

DATE INSTITUTION LOCATION ACTIVITY
7/15/98 Crestar Bank
Richmond, VA
Adele H. Stamp Union,
University of Maryland
College Park, MD
Closed
7/20/98 Peninsula Trust Bank, Incorporated
Gloucester, VA
State Routes 33 & 670, Mattaponi
King and Queen County, VA
Opened
7/20/98 Harbor Bank
Newport News, VA
14801 Warwick Boulevard
City of Newport News, VA
Opened
7/20/98
First Virginia Bank-Mountain Empire
Wise, VA
Kroger Supermarket, Gate City
Highway and Midway Street,
City of Bristol, VA
Opened
7/21/98 F & M Bank - Richmond
Richmond, VA
17650 Midlothian Turnpike,
Chesterfield County, VA
Filed
7/21/98 F & M Bank - Richmond
Richmond, VA
4851 South Laburnum Avenue
Henrico County, VA
Filed

SECTION II

APPLICATION OF NATIONAL BANKS

BRANCHES

DATE INSTITUTION LOCATION ACTIVITY
7/10/98 One Valley Bank-Central Virginia
National Association,
Lynchburg, VA
US Route 501
Boonsboro Shopping Center
Lynchburg, VA
Approved

 
 
NO OTHER APPLICATIONS RECEIVED