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

DATE: SATURDAY, June 11, 1994                   TAG: 9406170122
SECTION: BUSINESS                    PAGE: A6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

CCAIR, which contracts with Charlotte, N.C.-based USAir Express, hopes to be out of Danville by Aug. 31, said Mike Holcomb, CCAIR/USAir Express director of marketing.

Danville is one of 22 small airports in the nation likely to lose federal air service subsidies. Danville's subsidy is in danger because the airport is too close to the Piedmont Triad International Airport in Greensboro, N.C.

|-Associated Press

Bankruptcy Court

gets 7 petitions

Seven bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Five of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.

nWholesale Brokers Inc. of Radford, a broker of heavy and light equipment, filed for liquidation, estimating both assets and liabilities at less than $50,000.

nRoanoke Mechanical Service Inc. of 913 Power St., Roanoke, sought reorganization and protection from creditors, estimating assets at less than $50,000 and liabilities at more than $100,000.

nJohn P. Elswick Jr. and Nancy E. Elswick, trading as John's Used Cars at Cedar Bluff, petitioned for liquidation. They listed assets of $192,500 and liabilities of $78,601.

nJerry Kelly Frazier Jr. and Mary Elizabeth Davis Frazier, trading as Fraco Construction Co. at Narrows, sought liquidation, listing assets of $70,443 and liabilities of $187,768.

nRonald Craig Groseclose and Mary Karen Groseclose of Pembroke filed for a wage-earner plan for repayment of debts. He is a builder. They had assets of $51,710 and liabilities of $28,008.

nJames J. Lawson, a painting contractor, and Mary Ann Lawson of 2729 Edison St., N.E., Roanoke, showed assets of $89,896 and liabilities of $133,348. They asked for liquidation.

nRobert Allen Long and Brenda Faye Gish Long of 3260 Cove Road N.W., Roanoke, asked for liquidation with assets of $4,370 and liabilities of $10,521. She runs a baby-sitting business.

|-Staff report

Briefly ...

nFirst Virginia Banks Inc., Falls Church parent of First Virginia Bank-Southeast and Southwest Operations Center Inc. in Roanoke, said shareholders of FNB Financial Corp. of Knoxville, Tenn., agreed Friday to affiliate with First Virginia Banks. FNB operates First National Bank of Knoxville, a three-office bank with $100.4 million in assets, which will operate within the First Virginia group. FNB shareholders will receive 0.20 shares of First Virginia common stock.

nLarry Chattin & Sons Inc. of Goodview has been named to sell the Lester Building Systems product line of pre-engineered wood frame buildings for commercial, industrial and horse uses. Lester, based in Lester Prairie, Minn., is a division of Butler Manufacturing Co.

nArchitectural Wood, a custom woodworking contractor in Roanoke, has received an award from the American Institute of Architects Blue Ridge chapter. The citation is given biennially for craftsmanship. Also, Architectural Wood said it has received a contract for custom woodworking for the Hotel Roanoke project.

nTultex Corp. of Martinsville has received the 1993 Vendor Award of Excellence from Target Stores, a Minneapolis-based discount store chain.