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

DATE: TUESDAY, July 3, 1990                   TAG: 9007030107
SECTION: BUSINESS                    PAGE: C4   EDITION: METRO 
SOURCE: 
DATELINE: RICHMOND                                LENGTH: Short

SIGNET SEES SMALL GAIN IN QUARTER

Signet Banking Corp. said Monday it will increase its provision for loan losses for the second quarter in response to a rise in non-performing asset levels. The action is expected to result in minimal earnings for the quarter, the bank holding company said. Full results for the quarter will be released on July 13.

The increased provision, which will raise the allowance for losses from 1.30 percent of net loans to an estimated 1.60 percent, is intended to reflect fully the impact of a recently completed federal regulatory examination conducted as of March 31.

- Associated Press

by CNB