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 4, 2000 Vol. XII - 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, 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
February 4, 2000 - Vol. XII - No. 5

SECTION I   

BRANCHES OF VIRGINIA BANKS

DATE INSTITUTION LOCATION ACTIVITY
01/24/2000

Monarch Bank
Chesapeake, VA

601 Battlefield Boulevard South,
City of Chesapeake, VA

 		Opened

01/28/2000

One Valley Bank - Shenandoah
 Lexington, VA

1013 South Craig Avenue,
City of Covington, VA

Pending
01/31/2000 Lee Bank & Trust Company
Pennington Gap, VA
707 Gate City Highway,
City of Bristol, VA 		Pending
02/03/2000 The First Bank and Trust Company
Lebanon, VA
1030 Richmond Road,
City of Staunton, VA 		Approved

CONVERSION

DATE

 DESCRIPTION ACTIVITY
02/02/2000

Valley Bank, National Association, Roanoke, VA to convert to a state-chartered bank under the title of Valley Bank.

Approved

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

DATE

 		DESCRIPTION ACTIVITY
01/27/2000

Virginia Credit Union, Inc., Richmond, Virginia, requests permission to expand its field of membership to include employees of the Cavalier Telephone, L.L.C., Richmond, Virginia (currently 154 employees)

Approved
01/27/2000

Virginia Credit Union, Inc., Richmond, Virginia, requests permission to expand its field of membership to include employees of the Data Technologies of Virginia, Inc., Richmond, Virginia (currently 27 employees)

 Approved
01/27/2000 Virginia Credit Union, Inc., Richmond, Virginia, requests permission to expand its field of membership to include employees of the Pari Respiratory Equipment, Inc., Richmond, Virginia (currently 50 employees) Approved
01/27/2000 Virginia Credit Union, Inc., Richmond, Virginia, requests permission to expand its field of membership to include employees of the Richmond Bumper Service, Inc., Richmond, Virginia (currently 28 employees) Approved
01/27/2000 Virginia Credit Union, Inc., Richmond, Virginia, requests permission to expand its field of membership to include employees of the Richmond Express, Richmond, Virginia (currently 45 employees) Approved
01/27/2000 Virginia Credit Union, Inc., Richmond, Virginia, requests permission to expand its field of membership to include employees of the Richmond Motor Company, Inc., Richmond, Virginia (currently 290 employees) Approved

SECTION II

APPLICATIONS OF NATIONAL BANKS

NONE REPORTED

NO OTHER APPLICATIONS RECEIVED


NOTICE

Due to efficiencies available through current technology and the widespread availability of the Internet, we plan to discontinue the general distribution via postal service of the Weekly Information Bulletin beginning with the March 3, 2000 edition. The Bulletin is posted to the Bureau's web site each Friday and may be accessed at www.state.va.us/scc/division/banking . Anyone who wishes to receive the Bulletin by electronic mail may do so by e-mailing such request to Ms. Katrina Lewis at KLewis@scc.virginia.gov . Non-financial institution subscribers will continue to receive the Bulletin by U.S. mail until the subscription expires, after which the subscription may be renewed as in previous years. Any financial institution that wishes to continue receiving the Bulletin by U.S. mail, may do so by writing to:

Ms. Katrina Lewis
Bureau of Financial Institutions
P.O. Box 640
Richmond, VA 23218

In your request, please state the name and address of the recipient, and enclose a $75 check, payable to the Treasurer of Virginia.