ROANOKE TIMES

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

DATE: SATURDAY, March 3, 1990                   TAG: 9003032615
SECTION: BUSINESS                    PAGE: B3   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short


SEARS, MINORITY BANKS STRIKE DEAL

Sears, Roebuck and Co. said it has activated a syndicated, revolving credit arrangement with a group of 63 minority banks, including three in Virginia. This amounts to borrowing $40 million from two-thirds of the minority banks in the nation, the company said. The Virginia banks are First State, Danville; Consolidated Bank & Trust, Richmond; and New Atlantic National, Norfolk.

- Staff report



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