Virginia is for Mergers- -bank mergers.
News 7 begins tonight with word of one that tops last month's Central
Fidelity take-over by Wachovia.
And we'll hear both sides of the debate over timber cutting in the National
Forest... as environmentalists face the gritty reality.
Tonight on News 7 sports,lots of afternoon baseball highlights coming your
way as the Braves, Padres, and Mets all pick up wins this afternoon.
We'll check in at the Skins camp with Terry Allen,
plus, Barry Sanders ends his holdout and finally practices with the LIons.
We'll hear from head coach Bobby Ross tonight in sports.
Isolated thunderstorms produce damaging hail in Roanoke County today and
some tropical rain will arrive by midweek. Details just ahead.
It has been a wild summer for Virginia's banking industry.
Last month Wachovia scarfed up two banks in the Old Dominion.
Today, First Union announced confirmed it'll buy Signet for more than three-
Double Boxes=Keith and Len/Newsroom
Len Besthoff sees a continuing trend where North Carolina banks keep making
a "run for the border."
Keith First Union entered this market with the purchase of Dominion
Bankshares five years ago.
Now it's engaged in what's called a "fill in" merger, to strengthen its
market share in Richmond, Norfolk, and Baltimore.
SUPER=01-John Clarke/Catawba Capital Management; :00
SUPER=01-Ben Jenkins/First Union Regional President; :22
SUPER=01-Beth Doughty/Economic Dev. Partnership; :55
OUT Q=housing market.
IN Q=Virginia's got
((JOHN CLARKE/CATAWBA CAPITAL MANAGEMENT: VIRGINIA'S GOT A NEW BUMPER STICKER.
VIRGINIA'S NOT ONLY FOR LOVERS IT'S FOR BANK MERGERS.))
OUT Q=bank mergers.
The latest bank deal gives First Union a commanding share of the Virginia
market, but how does it affect the Roanoke Valley, where First Union has
upwards of 2000 employees?
The bulk of the jobs, at the bank's operations center in Roanoke County,
aren't in jeopardy.
IN Q=We have
((BEN JENKINS/FIRST UNION REGIONAL PRESIDENT: WE HAVE A MAJOR PRESENCE HERE,
THAT WILL CONTINUE, OVER TIME IT WILL MEAN I THINK MORE EMPLOYMENT AT OUR
SERVICE CENTER AND OUR SUPPORT AREAS.))
OUT Q=support areas.
But some consolidation must take place.
When First Union came into Virginia, it gobbled up Dominion, a nine-
billion- dollar bank...Signet is much larger, with more than 12- billion in
For starters, First Union will move 30 management positions and its mid-
Atlantic headquarters out of Roanoke, and into Richmond.
IN Q=It affects
((BETH DOUGHTY/ECONOMIC DEV. PARTNERSHIP: IT AFFECTS OUR ABILITY TO MARKET THE
COMMUNITY. IT ALSO AFFECTS THE COMMUNITY IN TERMS OF LEADERSHIP. IT AFFECTS
THE ECONOMY, IN TERMS OF THE KINDS OF SALARIES THAT ARE BEING PAID HERE. AND
THE KIND OF INFLUENCE THOSE KINDS OF SALARIES HAVE ON A VARIETY OF ISSUES
THROUGHOUT THE COMMUNITY, FROM PHILANTHROPY, TO RETAIL, TO THE HOUSING
OUT Q=housing market.
Keith if this deal's approved, First Union will have 17- percent of all the
bank deposits in Virginia, easily outdistancing its nearest competitor.
Double Boxes=Keith and Len/Newsroom
Coming up at 11 we'll talk about which banks may still be ripe for the
picking in Virginia.
GRAPHIC=Roanoke City Seal
City leaders have been shopping for a new interstate interchange for Valley
View Mall, and today they got their wish.
City Council voted four to one to approve a new 581 interchange one mile
south of Hershberger Road.
But before the vote, residents of the nearby neighborhood continued their
IN Q=are you going
((NETTIE KITCHEN/NEIGHBORHOOD RESIDENT: ARE YOU GOING TO BE ABLE TO COLLECT AS
MUCH TAXES AS YOU LOSE FROM THOSE OF US WHO INSIST YOU LOWER OUR TAXES BECAUSE
YOU CERTAINLY ARE GOING TO LOWER THE VALUE OF OUR PROPERTY. ))
SUPER=01-Nettie Kitchen/Area Resident;
OUT Q=our property.
Parents say the safety of students is at risk, pointing out the road will
come within 60 feet of Huff Lane School.
But Roanoke's Superintendent of schools says safety issues have been
Wayne Harris notes Oakland Elementary School is 88 feet from Williamson Road.
IN Q=i've spoken
((WAYNE HARRIS/ROANOKE SUPERINTENDENT OF SCHOOLS: I'VE SPOKEN TO THE SECRETARY
WHOSE BEEN THERE 15 YEARS. AND SHE'S NOT HAD REGISTERED COMPLAINTS FROM A
PARENT, STAFF, OR STUDENT ON THE ILL EFFECTS OF THAT TRAFFIC. ))
SUPER=01-Wayne Harris/School Superintendent;
OUT Q=that traffic
Council also approved funding for air conditioning and soundproofing at Huff
Lane School and Round Hill School.
Jim Gilmore is labeling Don Beyer a quick- change artist, who is trying to
deceive Virginia voters with a tax scam.
The Republican candidate for Governor made his comments today in Roanoke
County, where local GOP leaders showed their support.
Gilmore has promised to eliminate the personal property tax on cars over
He says Don Beyer's recent plan for a tax credit is an ill- conceived
IN Q=This is a tax scam
((JIM GILMORE/R- CANDIDATE FOR GOVERNOR: THIS IS A TAX SCAM, THAT'S DESIGNED TO
DECEIVE THE PEOPLE. WE HAVE THE ONLY PLAN TO ELIMINATE THE PERSONAL PROPERTY
TAX ON CARS AND TRUCKS AND WE KNOW THAT WE CAN ENACT IT.))
OUT Q=can enact it.
A Beyer spokesman says Gilmore's criticism isn't credible.
She says the Democratic plan offers targeted tax relief that the state can
The statewide campaign also brought the Republican candidate for attorney
General to the Roanoke Valley today.
This afternoon, Mark Earley collected the endorsement of Sixth District
Congressman Bob Goodlatte, who remained neutral in the four- way race for the
Today, Goodlatte described Earley as an experienced senator and solid
family man who will strike a balance between government regulation and free
After the Pope intervened in a Virginia death row case, it's NO surprise
that an international delegation arrived today at the State capitol.
European Parliament officials even admit Joseph O'Dell's guilty of crimes.
They just think he's innocent of the one for which he's to be executed on
SOT tape one 10:32:19
IN Q=When a
((LEOLUCA ORLANDO/EUROPEAN PARLIAMENT MEMBER: WHEN A PARLIAMENT, AS THE
EUROPEAN PARLIAMENT THAT REPRESENTS 15 EUROPEAN COUNTRIES, THAT REPRESENTS ALL
THE PARTIES, ALL THE MEMBERS FOR THE PARTIES FOR THE COUNTRIES HAVE ASKED THE
GOVERNOR JUST TO STOP THIS EXECUTION, I THINK, I'M SURE THAT THE GOVERNOR --
HE'S A WISE MAN, HE'S AN IMPORTANT MAN, HE'S AN INTELLIGENT MAN -- HE WILL STOP
SUPER=01-Leoluca Orlando/European Parliament Member;
OUT Q=stop this execution.
The Governor's already said overwhelming forensic evidence proves O'Dell's
guilt in a 1985 rape and murder in Virginia Beach.
HARD MUSIC UNDER
A Bedford County company has come full circle--from the brink of bankruptcy to
expansion and 100 new jobs.
That story is still ahead on News 7 at Six.
and a group opposed to a logging operation at the Washington National Forest
takes matters into its own hands.
wx ad lib
MUSIC UP FULL
SUPER=82-2.52''/plus 0.08''/19.01''/minus 2.99'';
SUPER=83-Down 1.13 feet/Down 0.44 foot;Lake levels
A Franklin County woman is in hot water over a dog deal.
Former animal breeder Valery Green has been convicted of threatening to burn
the homes of two dog kennel owners.
Liz McKinney says Green told her she would torch her home and her sister's
residence in Montgomery County if McKinney didn't drop a lawsuit against her.
The kennel owner says Green obtained a Jack Russell Terrier from her Falling
The two signed a contract to have the dog spayed within 30 days.
McKinney says she later discovered Green had bred the dog, so she sued.
Green is presently awaiting sentencing in the Montgomery County Courthouse.
Three years after financial problems nearly closed its doors, the Mail
America company in Bedford County is celebrating a reversal of fortunes.
Company officials today broke ground for a 70- thousand square foot
expansion to their direct mail processing facility.
IN Q=Mail America's
((JIM GILMORE/R- GUBERNATORIAL CANDIDATE: MAIL AMERICA'S COMMITMENT TO BEDFORD
COUNTY, THE LYNCHBURG AREA IS IMPORTANT TO VIRGINIA'S ECONOMY. AND I'M PROUD
THAT THEY'RE EXPANDING HERE IN THIS AREA.))
OUT Q=in this area.
Dan Reber (REE-bur) helped found Mail America in 1982.
He and his partners sold it in 1993, but took over the operation again when
its new owners nearly forced the company into bankruptcy.
IN Q=Our customers
((DAN REBER/MAIL AMERICA FOUNDER: OUR CUSTOMERS REALLY GAVE US A VOTE OF
CONFIDENCE BY GIVING US ORDERS AND WE CAN THANK OUR CREDITORS, OUR VENDORS WHO
BELIEVED IN US. WE CAN THANK THE FIRST COMMUNITY BANK AND CENTRAL FIDELITY BANK
FOR LOANING US MONEY AND HELPING US COME THROUGH THOSE TROUBLED TIMES.))
SUPER=01-Dan Reber/Mail America Founder; :00
OUT Q=those troubled times.
The expansion figures to create more than 100 new jobs.
Construction is expected to finish up this fall.
A check- kiting scheme has cost Piedmont Trust Bank more than 600-thousand
A local furniture retailer went out of business- -in the process- -despite
Color- Tex was losing money. In late March it finally closed its retail
outlet known as The Furniture Station in Martinsville, High Point and Myrtle
In documents filed in April- -but UNsealed only today- -the government
alleges members of the Sechrest family may have started kiting checks as early
as January of LAST year.
Customers who ordered furniture and upholstery may be out of luck, if they
paid cash up front. The banks are trying to work out an arrangement to refund
credit card customers.
The government is trying to recover some of the 635-thousand dollars.
The combined assets of Robert and Linda Sechrest- -cars, homes and other
real estate- -will probably fall far short of the liabilities they've incurred
over the past year and a half.
A Henry County man has been accused of killing his girlfriend in the home
they shared for 15 years.
Police say 50-year-old Lloyd Hairston shot 54-year-old Thelma Harris on July
9th. She died Thursday at Roanoke Memorial Hospital.
The Sheriff says Hairston also shot himself and is still hospitalized in
Investigators call the incident a murder-suicide attempt.
A routine traffic stop helped Lynchburg police make an arrest in the city's
first murder of the year.
31- year- old Steven W. Withers was found shot to death near the
intersection of 15th and Monroe Streets last week.
Witnesses reported hearing more than a half dozen shots fired at the time of
Early Saturday, Lynchburg police stopped a taxicab for a routine traffic
They detained a 17- year- old male passenger for questioning in Withers'
The teenager was later charged with murder and the use of a firearm.
Stocks were mostly lower today in quiet trading,
with many investors taking a cautious stance before tomorrow's
congressional testimony by Federal Reserve chairman Alan Greenspan.
TAKE DOW & NASDAQ PAGE
The Dow gained 16 points.
NASDAQ dropped 12 points.
x=arrow up y=arrow down
[ AE /ATT /Bell/CentralFidelity/Columbia]
[Crestar/Dana/Dimon/Dominion Resources/First Union]
[First VA/General Electric/Nationsbank/Norfolk Southern/Optical Cable]
[phillip morris/roanoke electric steel/signet/trigon/walmart]
[(a= 1/8 e= 1/4
b= 3/8 f= 1/2
c= 5/8 g= 3/4
h= UP (Local Stocks only!)
i= DOWN (Local Stocks only!)
u= UNCHANGED (Local Stocks only!)
(You must use lowercase letters)]
[ Bassett Fur/ Bedford Bancshares/Dimon]
[ ETS /Main Bankshares/ Optical Cable]
[Pulaski Furn./ Roanoke Electric Steel/Roanoke Gas]
[ Stanley Furniture/ Tultex/Valley Bank]
Some environmental activists are going to extremes to stop Georgia Pacific
from cutting trees in the George Washington National Forest.
Intern Reporter Joy Sutton has the story.
IN Q=We're tired of
SUPER=01-Jason Halbert/SEDG Activist; :00
SUPER=01-Woody Lipps/Jefferson Natl. Forest Law Operation;
SUPER=01-David Charles/Logging Contractor; quick
OUT Q=Joy Sutton News 7 Alleghany Co
SOT Tape #1 11:06:34
IN Q=We're tired of
((JASON HALBERT/SEDG ACTIVIST: WE'RE TIRED OF IT AND WE'RE SAYING
ENOUGHS..ENOUGH. WE'RE PHYSICALLY EN-LOCKING OURSELVES TO THIS ROAD AND WE'RE
NOT GOING TO BE MOVED ))
OUT Q=not going to be moved
Jason Halbert and Trey Biasiolli have literally bond themselves to the road.
Their arm locked underground in what is known as a "sleeping dragon"
Members of the Shenandoah Ecosystem Defense Group are protesting the
"Hematite" Timber Sale.
A contract through Georgia Pacific to cut down 187 acres of trees.
Construction had just started last week after 4 months of lawsuits by the
SOT Tape #1 11:15:25
IN Q=We're talking about
((WOODY LIPPS/SUPERVISOR LAW OPERATION JEFFERSON NATIONAL PARK: WE'RE TALKING
ABOUT A FEW TREES.. WE HAVE A LEGAL RIGHT TO PURSUE LOGGING IN THIS ARE ))
OUT Q=in this area
For the subcontractor hired by Georgia Pacific the protest is having a
SOT Tape #2 13:37:52
IN Q=David Charles
((JOY SUTTON/INTERN REPORTER: DAVID CHARLES THE LOGGING CONTRACTOR SAY THIS
PROTEST IS COSTING HIM NEARLY 4 FIGURES A DAY ))
OUT Q=figures a day(/////SOT/////)
SOT Tape#2 13:20:50
IN Q=As long as
((DAVID CHARLES/LOGGING CONTRACTOR: AS LONG AS THEY'RE LAYING IN THAT ROAD
THEY'RE HURTING ME ))
OUT Q=hurting me
But for the protestors the preserving the environment is an important issue.
Halbert say cutting these trees has drastic consequences.
SOT Tape #1 11:08:26
((JASON HALBERT/SEDG ACTIVIST: ROADS DAMAGE THE ENVIRONMENT TO NO END.. A LOT
OF WHAT YOU SAW IN THE FLOODS AND MUD SLIDES OUT WEST THAT WAS BECAUSE TO THE
FOREST SERVICE CUTTING AND BUILDING ROADS IN THE FOREST ))
OUT Q=building roads in the forest
Despite the protest Forest Park officials say logging will eventually
continue in the area. Right now they're pursuing action that would force
protestors off the land because of health and safety reasons.
Joy Sutton, News-7, Alleghany County.
The Pulaski Rangers may soon be selling beer at Calfee Park.
A hearing was held last week where residents expressed concern that the
sale of beer would mean more accidents and trouble in nearby neighborhoods.
Today the Virginia Alcohol Beverage Control board decided to allow the sale
The decision can be appealed and that could prevent beer sales this season.
The Rangers' last home game is next month.
Coming your way tonight on News 7 sports, highlights from 3 matinees in the
big leagues, we'll hear from Bobby Ross and get his thoughts on Barry Sanders
Plus, we'll check in with Terry Allen at the Skins training camp in
The Skins are looking to spice up their offense this season by giving Allen a
Barry Sanders; one of the NFL's premiere running backs; came to terms with
the Detroit Lions today on a new contract.
SUPER=03-Detroit, MI; :00
The Lions organization has signed Sanders to a five year deal. Reports say
the deal is worth more than 34 million dollars; that's just over 5.7 million
Sanders has arrived in camp; which makes head coach and former VMI Keydet
Bobby Ross extremely happy.
((BOBBY ROSS/LIONS HEAD COACH:))
SUPER=01-Bobby Ross/Lions Head Coach; :00
OUT Q=...caught up on"
The Washington Redskins continued training camp workouts today at Frostburg
And one of the things the offense will be tinkering with over the next few
days is the two back offense.
It's a wrinkle that should benefit Terry Allen and his backups.
IN Q=FIRST AUDIO
SUPER=03-Frostburg, MD; :00
SUPER=01-Terry Allen/Redskins Running Back; :23
SUPER=01-Stephen Davis/2nd Year Running Back; 1:10
OUT Q=...UP OFFENSE MORE."
(( Despite his off the field escapades that have seen him wreck a Ferrari at
133 miles an hour, Terry Allen is not trying out for Julius Erving's new NASCAR
In fact, with a four year $14 million dollar contract and two straight 13
hundred rushing year, Allen couldn't be more comfortable with the Skins.
((TERRY ALLEN/REDSKINS TAILBACK:))
The former Clemson star's story is an amazing one. Three years ago most
thought his NFL career was over, when he blew out both of his knees while
playing for the Vikings.
After breaking John Riggins single season rushing record last year no one is
questioning his knees any more. But with the rapid development of second year
Stephen Davis from Auburn, the Skins are looking to break out of their patented
one back set and play both at the same time.))
((STEPHEN DAVIS/REDSKINS RUNNING BACK:))
WIPE TO PINNACLE FULL SCREEN 1020
And as our stories from Frostburg, Maryland continue this week, we also will
begin bringing you reports from Spartanburg, South Carolina as Steve Mason
hooks up the Carolina Panthers at Wofford College starting this Wednesday
To baseball. The National League East Division leading Atlanta Braves welcomed
the Los Angeles Dodgers to town this afternoon.
SUPER=03-Atlanta, GA/Dodgers vs. Braves:00
Mike Piazza and his Dodgers seemed relaxed at Turner Field.
Trailing 2-nothing in the third; LA's Raul Mondesi jacks this Tom Glavine
pitch. a A three run homer and SUPER=35-Atlanta/5/Los Angeles/4;
the Dodgers were out in front by 1.
Then; Atlanta's Crime Dog; Fred Mcgriff takes a bite out of the Dodgers
with a solo homerun; 4-3 Braves and they edge Los Angeles 5-4.
VO-NAT WIPE TO #eng
SUPER=03-New York/Reds vs. Mets; :00
In the Big Apple; Cincinnati's Deion Sanders wrestled with his teammates and
the New York Mets.
In the bottom of the 2nd; Carl Everett goes yard on Dave Burba. 1-nothing
In the 6th; Jon Nunnally puts the SUPER=35-New York/5/Cincinnati/3;
Reds up 2-1 on this solo blast off Bobby Jones.
Everett would find the power again; He smacks a two run homer in the 8th
and the Mets down the Reds 5-3.
VO-NAT WIPE To #eng
SUPER=03-Miami/Padres vs. Marlins;
The Padres felt the heat in Miami as they visiting the Florida Marlins at
pro Player Stadium.
Trailing 3-nothing in the fourth; Gary Sheffield gets all of this pitch.
His 12 homer on the season closes the gap to 2; but The Padres hammer the
WIPE TO #ENG!!!!!
The first round of the Roanoke Valley golf Association's junior event was
played today at Blue Hills.
Travis Horak from North Cross had the low round of the day with a four under
He leads the under 18 division, while Lee taylor is on top in the under 16
group. Lee had a 68 today.
Michael Kidd leads the nine and under midget division, while Matthew Gregory
is on top in the under 6 pee-wee division.
The tournament winds up tomorrow at Countryside.
SUPER=330-Scattered/Thunderstorms/68-70/Mostly Cloudy/Rain Late/85-88;
SUPER=331-Variable Clouds/Scattered Storms/70-72/Afternoon/
SUPER=332-Showers Ending/Fog Late/67-69/Partly Cloudy/Showers Likely/82-84;
SUPER=333-Mostly Cloudy/A Few Showers/68-70/Variable Clouds/Rain Likely
SUPER=334-Showers Likely/With Fog Late/64-68/Partly Cloudy/Showers
That's News 7 at Six.
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