ROANOKE TIMES 

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

DATE: FRIDAY, May 11, 1990                   TAG: 9005110232
SECTION: BUSINESS                    PAGE: C-1   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

SIGNET TO CLOSE PROCESSING CENTER

Signet Bank will close its processing center in Roanoke, sending its checks and other records to a consolidated center in Richmond.

P. Reed Brooks, regional vice president, said the closing will affect the jobs of 25 people, 15 of whom work part-time. He said Signet hopes to reassign all the displaced workers to other jobs in Roanoke when the operation ends in July.

Signet previously closed satellite centers in Maryland and Portsmouth as part of the consolidation. Brooks said new high speed reader-sorter equipment makes it more efficient to handle processing in a single location.

Signet has about 150 employees in the Roanoke Valley. - Staff report 


 by CNB