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
October 30, 1998 Vol. X - No. 43

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
October 30, 1998 - Vol. X - No. 43

SECTION I

NEW BANK
DATE DESCRIPTION ACTIVITY
10/26/98 Monarch Bank to begin banking business at 750 Volvo Parkway, City of Chesapeake,
VA		 Approved
10/26/98 First Capital Bank to begin banking business at 4101 Dominion Boulevard, Henrico
County, VA		 Approved
MERGER
09/18/98 Farmers & Merchants Bank-Eastern Shore, Onley, VA to merge into it The Eastville
Bank, Eastville, VA		 Effective
10/26/98 Farmers & Merchants Bank-Eastern Shore, Onley, VA to merge into it The Marine
Bank, Chincoteague, VA		 Approved
APPLICATION FILED PURSUANT TO SECTION 6.1-194.105 OF THE VIRGINIA CODE
09/30/98 BB&T Corporation, Winston-Salem, North Carolina, to acquire Maryland Federal
Bancorp, Inc., Hyattsville, MD		 Effective

APPLICATION FILED PURSUANT TO CHAPTER 15 OF TITLE 6.1 OF THE VIRGINIA CODE
10/26/98
 SunTrust Banks, Inc., Atlanta GA to acquire Crestar Financial Corporation, Richmond,
VA		 Approved
10/26/98 Mercantile Bankshares Corporation, Baltimore, MD to acquire The Marine BanCorp,
Inc., Chincoteague, VA.		 Approved
BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
10/19/98
Fairfax, VA		 F&M Bank-Northern Virginia 25393 Elk Lick Road,
South Riding, Loudoun County, VA		 Opened
10/22/98 Peninsula Trust Bank
Gloucester, VA		 100 McLaws Circle,
James City County, VA		 Opened
10/28/98 Metro-County Bank of Virginia, Inc.
Mechanicsville, VA		 2801 North Parham Road,
Henrico County, VA		 Approved

BRANCH RELOCATION
DATE INSTITUTION LOCATION ACTIVITY
10/23/98 Bank of McKenney
McKenney, VA		 FROM: 6700 River Road
TO: 6300 River Road
both in Matoaca, Chesterfield County, VA		 Approved
 
SECTION II
APPLICATIONS OF NATIONAL BANKS
DATE INSTITUTION LOCATION ACTIVITY
10/15/98 First Union National Bank
Charlotte, NC		 1600 Westwood Avenue
Richmond, VA		 Opened
 
 
NO OTHER APPLICATIONS RECEIVED