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
August 28, 1998 Vol. X - No. 34

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
August 28, 1998 - Vol. X - No. 34

SECTION I

MERGER
DATE DESCRIPTION ACTIVITY
8/25/98 Farmers & Merchants Bank-Eastern Shore, Onley, VA to merge into it The Marine
Bank, Chincoteague, VA.		 Filed
8/28/98 Sentinel Interim Bank (Phantom) to begin business as a bank upon the merger
into it of First Sentinel Bank, Richlands, Virginia		 Approved
APPLICATION FILED PURSUANT TO SECTION 6.1-383.1 OF THE VIRGINIA CODE
DATE DESCRIPTION __ ACTIVITY
8/28/98 Heritage Bancorp, Inc. to acquire 100 percent of the voting stock of Heritage Bank,
McLean, VA		 Approved

APPLICATION FILED PURSUANT TO CHAPTER 15 OF TITLE 6.1 OF THE VIRGINIA CODE
8/25/98 Mercantile Bankshares Corporation, Baltimore, MD to acquire The Marine BanCorp,
Inc., Chincoteague, VA.		 Filed

BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
8/14/98 Branch Banking and Trust Company
of Virginia, Virginia Beach, VA		 150 Boush Street
City of Norfolk, VA		 Closed
8/24/98 The Bank of Hampton Roads
Chesapeake, VA		 Border Station Shopping Center
State Route 168
City of Chesapeake, VA		 Filed
8/25/98 F & M Bank-Richmond
Richmond, VA		 4851 South Laburnum Avenue
Henrico County, VA		 Approved
8/26/98 F & M Bank-Richmond
Richmond, VA		 17650 Midlothian Turnpike,
Midlothian, Chesterfield County, VA		 Approved
8/26/98 Bank of Tidewater
Virginia Beach, VA		 6330 Newtown Road, Suite 100
City of Norfolk, VA		 Filed

BRANCHES OF VIRGINIA BANKS

On August 17, 1998, Branch Banking and Trust Company of Virginia closed the following branch locations: (1) 3921 Popular Hill Road; City of Chesapeake, VA; (2) 1400 Kempsville Road, City of Chesapeake, VA; (3) 4530 E. Virginia Beach Boulevard, City of Norfolk, VA; (4) 3225 High Street, City of Portsmouth VA; (5) 6201 Portsmouth Boulevard, City of Portsmouth, VA; (6) 330 W. Constance Road, City of Suffolk, VA; (7) 501 S. Independence Boulevard, City of Virginia Beach, VA; (8) 1316 N. Great Neck Boulevard, City of Virginia Beach, VA; (9) 3801 Pacific Avenue, City of Virginia Beach, VA and (10) 2089 General Booth Boulevard, City of Virginia Beach, VA.

BRANCH RELOCATION
DATE INSTITUTION LOCATION ACTIVITY
8/24/98 The Peoples Bank
Ewing, VA		 From: Four Main Street
To: 200 Main Street, both in
Rose Hill, Lee County, VA		 Approved
 
 
EFT
DATE INSTITUTION LOCATION ACTIVITY
8/24/98 Farmers and Miners Bank
Pennington Gap, VA		 Lee Plaza, U.S. 58, Jonesville
Lee County, VA		 Approved
 
SECTION II

APPLICATION OF NATIONAL BANKS
BRANCHES

On August 6, 1998, First National Exchange Bank, Roanoke, VA was approved to do business at the following locations: (1) 100 East Main Street, Salem, VA; (2) 3132 Electric Road, Roanoke, VA; (3) 901 Hardy Road, Vinton, VA; (4) 616 Ninth Street, SE, Roanoke, VA and (5) 1970 Blue Ridge Avenue; Roanoke, VA.

 
NO OTHER APPLICATIONS RECEIVED