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

  August 18, 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
August 18, 2000

SECTION I

MERGERS

DATE
DESCRIPTION
ACTIVITY
07-31-2000 James River Bank/Colonial, Smithfield, VA to merge into it Bank of Suffolk, Suffolk, VA Effective

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

07-24-2000 Smith River Bankshares, Inc. of Martinsville, VA to acquire all the voting shares of Smith River Community Bank, N.A. of Martinsville, VA Effective
08-14-2000 Cardinal Financial Corporation, Fairfax, VA to acquire all the voting shares of Heritage Bancorp, Inc., McLean, VA Approved


BRANCHES OF VIRGINIA BANKS

DATE INSTITUTION LOCATION
ACTIVITY
08-11-2000 Planters Bank & Trust Company of Virginia
Staunton, VA
Units I & J, Suites 13 & 14, Mall Center,
370 Neff Avenue,
City of Harrisonburg, VA
Approved
08-11-2000 Branch Banking and Trust Company of Virginia
Norfolk, VA
1000 Berryville Avenue,
City of Winchester, Virginia
Approved
    440 East Main Street, Purcellville,
Loudoun County, Virginia
Approved
    426 Weems Lane,
City of Winchester, Virginia
Approved
08-14-2000 James River Bank
Waverly, VA
524 North Main Street,
City of Emporia, VA
Opened
08-15-2000 Virginia Commerce Bank
Arlington, VA
Sully Place Shopping Center, Route 50,
Chantilly, Fairfax County, VA
Filed
08-16-2000 The Bank of Marion
Marion, VA
787 Fort Chiswell Road, Suite 7,
Max Meadows, Wythe County, VA
Opened
08-16-2000 Harbor Bank
Newport News, VA
762 J. Clyde Morris Boulevard,
City of Newport News, VA
Approved

BRANCH RELOCATIONS

08-11-2000 The Bank of Tidewater
Virginia Beach, VA
From: 2251 West Great Neck Road,
To: 2821 Shore Drive,
both in the City of Virginia Beach, VA
Filed

REDESIGNATIONS OF MAIN OFFICES

07-31-2000 James River Bank/Colonial From: 1803 South Church Street
Smithfield, Isle of Wight County, VA
To: 1514 Holland Road, City of Suffolk, VA
Effective

BRANCHES OF OUT-OF-STATE BANKS

08-11-2000 SequoiaBank
Bethesda, MD
3801 Wilson Boulevard,
Arlington, VA
Filed


SECTION II

APPLICATIONS OF NATIONAL BANKS

BRANCHES

06-30-2000 One Valley Bank-Central Virginia, N.A.
Lynchburg, VA
901 Seminole Trail,
Charlottesville, VA
Closed

RELOCATIONS

07-31-2000 Bank of America, N.A.
Charlotte, NC
From: 2030 Old Bridge Road,
To: 1708 Old Bridge Road, both in Woodbridge, VA
Effective

PURCHASES AND ASSUMPTIONS

DATE
DESCRIPTION
ACTIVITY
08-04-2000 The First National Bank of Altavista, Altavista, VA to purchase two (2) branches of One Valley Approved Bank-Central Virginia, N.A. (1) 3309 Old Forest Road, Lynchburg, VA and (2) 7805 Timberlake Road, Lynchburg, VA Approved

NO OTHER APPLICATIONS RECEIVED