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

  September 22, 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
September 22, 2000

SECTION I

NEW BANKS

DATE
DESCRIPTION
ACTIVITY
09-20-2000 Fredericksburg State Bank, Fredericksburg, VA to commence banking business at 400 George Street, City of Fredericksburg, VA with the conversion of Fredericksburg Savings Bank, a federal savings institution, into a state chartered bank Filed

MERGERS

DATE
DESCRIPTION
ACTIVITY
08-28-2000 Peninsula Trust Bank, Incorporated, Gloucester, VA to merge into it United Community Bank, Franklin, VA under the charter of Peninsula Trust Bank, Incorporated and title of F&M Bank - Atlantic. Filed
09-19-2000 Branch Banking and Trust Company of Virginia, Richmond, VA to merge into it One Valley Bank-Shenandoah, Raphine, VA and One Valley Bank - Central Virginia, National Association, Lynchburg, VA Approved

APPLICATIONS FILED PURSUANT TO SECTION 6.1-383.1 OF THE CODE OF VIRGINIA

09-11-2000 Salem Community Bankshares, Inc., Salem, VA to acquire 100 percent of the voting stock of Salem Bank & Trust, N.A., Salem, VA Effective
09-20-2000 Virginia Capital Bancshares, Inc., Fredericksburg, VA to acquire Fredericksburg State Bank, Fredericksburg, VA Filed


BRANCH RELOCATIONS

DATE INSTITUTION LOCATION
ACTIVITY
09-21-2000 Branch Banking and Trust Company of Virginia
Richmond, VA
From: 105 North Main Street
To: 102 North Second Avenue,
both in the City of Hopewell, VA
Filed

BRANCHES OF OUT-OF-STATE BANKS

09-19-2000 Surrey Bank & Trust
Mount Airy, NC
Route 8 South, Stuart,
Patrick County, VA
No Objection
09-21-2000 First-Citizens Bank & Trust Company
Raleigh, NC
305-7 East Main Street
Front Royal, Warren County, VA
Filed

CREDIT UNION SERVICE FACILITIES

09-18-2000 Virginia Credit Union, Inc.
Richmond, VA
456 Charles Dimmock Parkway, Suite 1,
Colonial Heights, VA 23834
Filed

SECTION II
APPLICATIONS OF NATIONAL BANKS

MERGERS

DATE
DESCRIPTION
ACTIVITY
08-31-2000 First Community Bank, N.A., Bluefield, VA to merge into it Citizens Bank, Inc. Beckley, WV Approved

BRANCHES

08-28-2000 The Old Point National Bank of Phoebus
Hampton, VA
221 Executive Drive,
Hampton, VA
Effective
08-31-2000 Sandy Springs National Bank of Maryland
Olney, MD
Tysons Dulles Plaza II,
1430 Spring Hill Road, Suite 105
McLean, VA
Closed
09-05-2000 Smith River Community Bank, N.A.
Martinsville, VA
380 Riverside Drive,
Bassett, VA
Filed
09-07-2000 American National Bank and Trust Company
Danville, VA
3229 Halifax Road,
South Boston, VA
Approved
09-07-2000 Smith River Community Bank, N.A.
Martinsville, VA

105 Dobins Road,
Stuart, VA

Filed

PURCHASES AND ASSUMPTIONS

DATE
DESCRIPTION
ACTIVITY
08-29-2000 Cardinal Bank - Dulles, N.A., Reston, VA to purchase a branch of The Heritage Bank, McLean, VA located at Unit 6, Heritage Plaza, Pidgeon Hill Drive, Sterling, VA Filed
09-06-2000 The National Bank of Blacksburg, VA, Blacksburg, VA to purchase three branches of Amsouth Bank, Birmingham, AL located at (1) 2001 Norwood Street, Radford, VA; (2) 348 Broad Street, Dublin, VA; and (3) 250 North Washington Avenue, Pulaski, VA Filed
09-08-2000 Century National Bank, Washington, DC to purchase a branch of Sandy Spring National Bank, Olney, MD located at 1430 Spring Hill Road, Suite 105, McLean, VA Approved


NO OTHER APPLICATIONS RECEIVED