Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, December 1, 1993                   TAG: 9312010089
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

WASHINGTON - President Clinton nominated Ohio bank official Anne L. Hall on Tuesday to the board of directors of the Federal Deposit Insurance Corp.

He also said he nominated acting FDIC Chairman Andrew C. Hove to be vice chairman. FDIC is the federal agency that insures deposits at banks and savings and loans.

Hall is vice president for corporate affairs of the Banc One Corp. in Columbus, Ohio. Hove has been vice chairman of the FDIC since 1990, and has been acting chairman since August 1992. - Associated Press

Park Jr. put on board of WSLS parent

ITHACA, N.Y. - Roy H. Park Jr. has been elected to fill the vacancy on the board of directors for Park Communications Inc. left by the death of his father in October, the company announced Tuesday. Park Communications is parent of WSLS-TV in Roanoke and WTVR-TV in Richmond.

Park, 55, is chairman and chief executive officer of Park Outdoor Advertising of New York Inc., which owns and operates 2,900 billboard structures in New York and Pennsylvania.

Park replaces his father, media magnate Roy H. Park, who died Oct. 25. Park's widow, Dorothy, was appointed the board's chairwoman following her husband's death.

Roy Park Jr. also is chairman of the board of the Outdoor Advertising Council of New York Inc. He holds a journalism degree from the University of North Carolina and a master's degree in business administration from Cornell University. - Associated Press

Briefly . . .

Lawyers Title Corp., a Richmond title insurance company with operations in Roanoke, said Tuesday it has registered with the Securities and Exchange Commission an offering of 1.3 million shares of its common stock at $16.50 per share. Proceeds from the sale will be used for general corporate purposes.

First Union Capital Partners Inc., an investment banking division of First Union Corp., reported to the federal Securities and Exchange Commission that it has lowered its stake in Chattem Inc. of Chattanooga, Tenn., to 22.8 percent from about 25.6 percent with the private sale of $1.5 million in stock. On Nov. 17, First Union sold 200,000 common shares for $7.50 each to Hamico Inc., according to a filing with the commission. Chattem makes health and beauty products as well as specialty chemicals.