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

DATE: FRIDAY, April 5, 1991                   TAG: 9104050123
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: MAG POFF BUSINESS WRITER
DATELINE:                                 LENGTH: Medium

DOMINION FILLS FINAL EXECUTIVE JOB

Dominion Bankshares Corp. said Thursday it has filled the last of its executive positions created by the company's reorganization.

Mark J. Formica, 42, executive vice president of the retail banking division at Bank of New England in Boston, will join Dominion on April 15 as executive vice president for retail banking.

He will oversee the corporatewide branch system of 286 offices in addition to Dominion's small-business, bank-card, indirect-lending and marketing activities.

Dominion's new structure is built around four basic lines of business: retail or consumer banking, corporate banking, mortgage banking and investment services. The Roanoke-based bank holding company's organization had been based on geographic divisions, with separate banks in major markets.

Chairman Warner Dalhouse said Formica has extensive experience in managing a large retail system in a highly competitive and complex market. He said Bank of New England's well-publicized problems stem from commercial real estate and the region's severe recession, while the retail side run by Formica has been "an outstanding success."

Formica assumed his present job in March 1990 when Bank of New England organized into three lines of business: retail, corporate and private banking.

Prior to that restructuring, he headed the bank's Community Banking Business Unit with responsibilities for 453 branch offices, credit-card and consumer-loan subsidiaries, indirect auto lending, BNE Mortgage Co., BNE Life Insurance Corp., marketing and administration.

Formica began his career with Connecticut Bank & Trust Co. in Hartford in 1970 as a management trainee. He successively headed product development, marketing and processing services before taking over the community banking business unit. He joined Bank of New England in 1987 when it acquired Connecticut Bank and Trust.

He is a graduate of Trinity College in Hartford.

The heads of Dominion's other three units were promoted from inside the bank in November. They are J. Richard Carling, corporate banking; James W. Harkness, investment services, and John F. Karaszewski, mortgage banking.

by CNB