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

February 6, 1998 Vol. X - No. 5

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
February 6, 1998 - Vol. X - No. 5

SECTION I

APPLICATION FILED PURSUANT TO SECTION 6.1-383.1 FOR THE VIRGINIA CODE
DATE INSTITUTION ACTIVITY
02/06/98 Shore Financial Corporation, Onley, VA to acquire Shore Bank, Onley, VA Filed
ACQUISITION PURSUANT TO CHAPTER 3.01, ARTICLE 11 OF TITLE 6.1 OF THE VA CODE

02/05/98 BB&T Corporation, Winston-Salem, NC to acquire Life Bancorp, Inc.
Norfolk, VA
Approved
MAIN OFFICE REDESIGNATION

10/20/97 First Virginia Bank-Mountain Empire, Damascus, VA redesignated its main
office to 498 Cummings Street, Abingdon, Washington County, VA
Effective
BRANCHES OF VIRGINIA BANKS

DATE INSTITUTION LOCATION ACTIVITY
01/29/98 Bank of Ferrum
Ferrum, VA
southeast corner of State Route 122
and Route 616, Franklin County, VA
Opened
02/02/98 Bank of McKenney
McKenney, VA
6700 River Road, Matoaca
Chesterfield County, VA
Approved
BRANCH OF OUT OF STATE BANK

02/06/98 First Century Bank,
National Association
Bluefield, WV
427 Virginia Avenue,
Bluefield, Tazewell County, VA
Filed
EFT'S
02/02/98 Crestar Bank,
Richmond, VA
1001 Semmes Avenue
City of Richmond, VA
Filed
SECTION II
APPLICATIONS OF NATIONAL BANKS
DATE INSTITUTION LOCATION ACTIVITY
01/20/98 Virginia National Bank
Charlottesville, VA
321 Main Street
Charlottesville, VA
Filed
NO OTHER APPLICATIONS RECEIVED