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

DATE: TUESDAY, September 21, 1993                   TAG: 9309210065
SECTION: BUSINESS                    PAGE: B6   EDITION: METRO 
SOURCE: 
DATELINE: RICHMOND                                 LENGTH: Short

VIRGINIA FEDERAL GOES (SURPRISE!) TO CRESTAR

Virginia Federal Savings Bank, which was on course to become part of NationsBank Corp., instead will be acquired by Richmond-based Crestar Financial Corp., officials said.

Crestar said it agreed last week to pay about $52 million for Richmond-based Virginia Federal, which has $756 million in assets and 13 offices.

The deal was handled through a third banking company, MNC Financial Corp. of Baltimore. Virginia Federal has been a subsidiary of MNC for four years. NationsBank is to buy MNC next month and was expected to take over Virginia Federal as part of that transaction. - Associated Press

by CNB