E.J. FACE, JR.
COMMISSIONER OF
FINANCIAL INSTITUTIONS



STATE CORPORATION COMMISSION
BUREAU OF FINANCIAL INSTITUTIONS


1300 EAST MAIN STREET
SUITE EIGHT HUNDRED
P.O. BOX 640
RICHMOND, VIRGINIA 23218-0640
(804) 371-9657
FAX (804) 371-9416
TDD (804) 371-9206
www.state.va.us/scc



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

  July 7, 2000

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
July 7, 2000

SECTION I

MERGERS

DATE
DESCRIPTION
ACTIVITY
06-26-2000 First Virginia Bank-Mountain Empire, Abingdon, VA to merge with Tri-City Bank and Trust Company of Blountsville, TN, under the charter of First Virginia Bank-Mountain Empire and title of First Vantage Bank/Tri-Cities and to redesignate its main office from 498 Cummings Street, Abingdon, Washington County, Virginia to 3000 Lee Highway, City of Bristol, Virginia Effective

BRANCHES

DATE INSTITUTION LOCATION ACTIVITY
05-19-2000 First Virginia Bank-Mountain Empire
Abingdon, VA
Main Street, Cleveland,
Russell County, VA
Closed
    Main Street, Dungannon,
Scott County, VA
Closed
    State Route 80 and State Route 600, Davenport,
Buchanan County, VA
Closed
06-23-2000 First Virginia Bank-Colonial
Richmond, VA
2604 Hull Street,
City of Richmond, VA
Closed
06-23-2000 First Virginia Bank-Southwest
Roanoke, VA
4655 Cleburne Boulevard,
Dublin, Pulaski County, VA
Closed
    U.S Route 21 and State Route 749,
Speedwell, Wythe County, VA
Closed
    Ridge and Patton Streets,
City of Danville, VA
Closed
06-27-2000 First Virginia Bank-Colonial
Richmond, VA
1900 Lauderdale Drive,
Henrico County, VA
Opened
07-05-2000 Towne Bank
Portsmouth, VA
4216 Virginia Beach Boulevard, Suite 180,
City of Virginia Beach, VA
Approved
   

1312 Greenbrier Parkway,
City of Chesapeake, VA

Approved
07-06-2000 Highlands Union Bank
Abingdon, VA
410 Highway 66 South,
Rogersville, TN
Filed

BRANCHES OF OUT-OF-STATE BANKS

06-19-2000 Provident Bank of Maryland
Baltimore, MD
47100 Community Plaza, Sterling,
Loudoun County, VA
Opened
07-06-2000 Century National Bank
Washington, DC
1498 North Point Village Center
Reston, Fairfax County, VA
No Objection

CREDIT UNION RELOCATIONS

06-19-2000 New Horizon Credit Union
Manassas, VA
From: 9401 Peabody Street,
Manassas, VA 22110
To: 10830 Balls Ford Road,
Manassas, VA 20109
Effective

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

DATE
DESCRIPTION
ACTIVITY
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Xpander Pak, Inc., Richmond, VA (currently 4 employees) Approved
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Performance Autosport, Inc., Richmond, VA(currently 2 employees) Approved
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Robert Half International (Richmond branch only), Richmond, VA (currently 150 employees) Approved
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of CVS Distribution of Virginia, Inc. Richmond, VA (currently 644 employees) Approved
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of System Professionals, Inc. (Sys. Pro), Richmond, VA (currently 27 employees) Approved
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Handcraft Cleaners and Launderers, Inc., Richmond, VA (currently 175 employees) Filed
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Care Advantage, Inc., Richmond, VA (currently 70 employees) Filed
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Childhelp, Inc., Lignum, VA (currently 120 employees) Filed
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Riedman Corporation, Glen Allen, VA (currently 30 employees) Filed
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of Metro Information Services, Richmond, VA (currently 194 employees) Filed
07-05-2000 Virginia Credit Union, Inc., Richmond, VA, requests permission to expand its field of membership to include employees of PPD, Inc., (PPD Development Richmond Lab), Richmond, VA (currently 200 employees) Filed

SECTION II


APPLICATIONS OF NATIONAL BANKS

NEW BANKS

DATE INSTITUTION LOCATION ACTIVITY
06-22-2000 Save Banc, National Association
Chantilly, VA
4501 Singer Court
Chantilly, VA
Filed

BRANCHES

06-12-2000 Shenandoah Valley National Bank
Winchester, VA
2350 South Pleasant Valley Road
Winchester, VA
Opened
06-13-2000 Wachovia Bank, National Association
Winston-Salem, NC
5204 Fort Avenue
Lynchburg, VA
Closed


NO OTHER APPLICATIONS RECEIVED