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

DATE: THURSDAY, October 14, 1993                   TAG: 9310140094
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

REPORTED EARNINGS

Central Fidelity Banks Inc. has reported record earnings for the third quarter and for nine months.

The Richmond-based bank said its quarterly income was $26.7 million, or 69 cents a share, up 29.2 percent from $20.7 million, or 58 cents a share, in the 1992 quarter.

For the first nine months, earnings rose 37.1 percent from $56.3 million, or $1.66 a share, to $77.2 million, or $2 a share.

Chairman Carroll L. Saine said the bank has been "prudent and conservative," and that had a positive impact on its continued financial soundness and earnings stability.

Loans grew 16 percent to $4.4 billion because of strong demand for first mortgages and other consumer loans. Deposits rose 5 percent to $6.6 billion. Total assets jumped 10 percent to $9.1 billion.