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

December 17, 1999 Vol. XI - No. 49

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, credit unions, 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 15 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
December 17, 1999 - Vol. XI - No. 49

SECTION I
 
NEW BANK

DATE DESCRIPTION ACTIVITY

12/13/99

Citizens Community Bank to begin banking business at 800 North Mecklenburg Avenue,
South Hill, VA

Opened
 
APPLICATION FILED PURSANT TO SECTION 6.1-194.87 OF THE CODE OF VIRGINIA
 

12/15/99

Virginia Commonwealth Financial Corporation, Culpeper, VA to acquire 100 percent of the voting shares of Caroline Savings Bank, Bowling Green, VA

Filed
 
APPLICATION FILED PURSANT TO SECTION 6.1-383.1 OF THE CODE OF VIRGINIA
 

12/16/99

Smith River Bankshares, Inc. of Martinsville, VA to acquire all the voting shares of Smith River Community Bank, N.A. of Martinsville, VA.

Approved
 
BRANCHES OF VIRGINIA BANKS

DATE INSTITUTION LOCATION ACTIVITY

11/15/99

Community Bank of Northern Virginia
Sterling, VA

Borders Plaza Center, State Route 7
and Palisades Parkway, Sterling,
Loudoun County, VA

Opened

 

12/13/99

Crestar Bank
Richmond, VA

5260 Campbell Boulevard
White Marsh, MD

Approved

12/14/99

Benchmark Community Bank
Kenbridge, VA

247 N. Main Street, Chase City
Mecklenburg County, VA

Approved

CREDIT UNION SERVICE FACILITY

12/01/99

U.S.E. Credit Union
Danville, VA

2323 Riverside Drive
Danville, VA

Opened

12/14/99

Waynesboro Dupont Employees Credit Union
Staunton, VA

105 Community Way
Staunton, VA

Approved

CREDIT UNION REQUESTS FOR FIELD OF MEMBERSHIP EXPANSION
PURSUANT TO SECTION 6.1-225.23:1 OF THE VIRGINIA CODE

DATE

DESCRIPTION ACTIVITY

12/16/99

Piedmont Credit Union, Danville, Virginia requests permission to expand its field of membership to include employees of Columbia Forest Products, Danville, Virginia (currently 393 employees)

Filed

12/16/99

Piedmont Credit Union, Danville, Virginia requests permission to expand its field of membership to include employees of the Danville facility of Diebold, Incorporated, Danville, Virginia (currently120 employees)

Filed

SECTION II

APPLICATIONS OF NATIONAL BANKS

NEW BANK

DATE INSTITUTION LOCATION ACTIVITY

11/30/99

Access National Bank
Chantilly, VA

14006 Lee Jackson Memorial Highway
Chantilly, VA

Opened

BRANCH
 

12/03/99

Community National Bank
South Boston, VA

302 East Atlantic Street
South Hill, VA

Opened
 
BRANCH RELOCATION
 

12/02/99

Wachovia Bank, N.A.
Winston-Salem, NC

From: 1101 King Street
To: 325 S. Washington Street
both in Alexandria, VA

Approved

NO OTHER APPLICATIONS RECEIVED
 
 

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