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 19, 1999 Vol. XI - No. 7

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 19, 1999 - Vol. XI - No. 7

DATE DESCRIPTION ACTIVITY
02/12/99 TowneBank, Portsmouth, VA to commence banking business at 5716 High Street,
City of Portsmouth, VA and to establish branches at 1510 South Military Highway,
City of Chesapeake, VA and Potter Professional Centre, 984 First Colonial Road,
City of Virginia Beach, VA
Approved
MERGER
12/18/98 Farmers & Merchants Bank-Eastern Shore, Onley, VA to merge into it The Marine
Bank, Chincoteague, VA
Effective
BRANCHES OF VIRGINIA BANKS
DATE INSTITUTION LOCATION ACTIVITY
02/11/99 Southern Financial Bank
Warrenton, VA
10175 Hastings Drive
City of Manassas, VA
Approved
02/12/99 First Virginia Bank-Piedmont
Lynchburg, VA
515 Mt. Cross Road
City of Danville, VA
Approved
02/16/99 Crestar Bank
Richmond, VA
Langley Air Force Base Commissary
51 Spaatz Drive, City of Hampton, VA
Approved
02/16/99 Planters Bank & Trust Company of VA
Waynesboro, VA
State Route 2020, Weyers Cave
Augusta County, VA
Filed
SECTION II
APPLICATION OF NATIONAL BANKS

NEW BANK

01/25/99 Shenandoah Valley National Bank
Winchester, VA
Jubal Early Drive
Winchester, VA
Approved
BRANCHES OF NATIONAL BANKS
DATE INSTITUTION LOCATION ACTIVITY
01/19/99 American National Bank and
Trust Company
Danville, VA
13880 U.S. Highway 29
Chatham, VA
Opened
01/25/99 First National Bank
Christiansburg, VA
1206 South Main Street
Blacksburg, VA
Opened
01/25/99 Wachovia Bank, National Association
Winston-Salem, NC
1220 North Military Highway
Norfolk, VA
Filed
01/29/99 First National Exchange Bank
Roanoke, VA
721 Blue Ridge Boulevard
Roanoke, VA
Opened
02/01/99 Central National Bank
Lynchburg, VA
1734 Graves Mill Road
Lynchburg, VA
Approved
 
On January 7, 1999 Wachovia Bank of North Carolina, National Association closed the following branch locations: (1) 600 East Main Street, Richmond, VA; (2) 8334 Moneta Road, Bedford, VA; (3) 50 West Commerce Road, Richmond, VA; (4) 8433 Timberlake Road, Lynchburg, VA; (5) 3515 Campbell Avenue, Lynchburg, VA; (6) 4143 Franklin Road, Roanoke, VA; (7)4806 Hillins Road, Roanoke, VA; (8) 1400 Electric Road, Salem, VA; (9) 601 Battlefield Boulevard, South, Chesapeake, VA; (10) 2601 Jefferson Avenue, Newport News, VA and (11) 250 and 318, Fisherville, VA.

On February 1, 1999 First Union National Bank, Charlotte, NC closed the following branch locations: (1) 4025 Mechanicsville Turnpike, Richmond, VA; (2) 12912 Fitzwater Drive, Nokesville, VA; (3) 10001 Courtview Lane, Chesterfield, VA and (4) Highway 256, Weyers Cave, VA

BRANCH RELOCATION

01/07/99 Wachovia Bank, National Association
Charlotte, NC
From: 1400 Kempsville Road
Chesapeake, VA
To: 1832 Kempsville Road
Virginia Beach, VA
Effective
0/28/99 Wachovia Bank, National Association
Charlotte, NC
From: 3809 Princess Anne Blvd
To: 2058 South Independence Blvd
both in Virginia Beach, VA
Approved
NO OTHER APPLICATIONS RECEIVED