ROANOKE TIMES 

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

DATE: SATURDAY, March 16, 1991                   TAG: 9103160110
SECTION: BUSINESS                    PAGE: A-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

SALEM BANK PLANS BANK OUTSIDE CITY

Salem Bank & Trust said Friday it has asked federal officials for permission to build its first branch outside the Salem city limits - at Oak Grove Plaza on Virginia 419 near the Grandin Road extension.

Bank President Clark Owen Jr. said plans to open a fourth office had been under way for the past three months. The move into Roanoke County was "the natural place to go," he said.

Opened for business in 1978, the Salem bank has $90 million in total assets. Bank executives are planning to build an 1,800-square-foot branch at 2103 Electric Road site once the Office of the Comptroller approves the bank's request.

- Staff report 


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