Exhibit 23 CONSENT OF INDEPENDENT AUDITORS Eggleston Smith, PC Certified Public Accountants and Consultants 603 Pilot House Drive Suite 400 Newport News, Virginia 23606 Board of Directors Bay Banks of Virginia, Inc. We consent to the incorporation by reference in this Annual Report on Form 10-K of our report dated January 31, 2000, relating to the consolidated financial statements of Bay Banks of Virginia, Inc. as of December 31, 1999, 1998, and for each of the years in the three-year period ended December 31, 1999. EGGLESTON SMITH P.C. Newport News, Virginia March 27, 2000