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
by CNB