Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, August 27, 1994 TAG: 9408300019
SECTION: BUSINESS PAGE: A-6 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Premier Bankshares Corp., which has a branch at Salem, will move its headquarters and operations center from Tazewell to Bluefield in mid-November.
Premier said Friday it plans to purchase the Consolidation Coal Co. building in Bluefield for its new headquarters. Consolidation will remain in the same building.
Premier has 26 offices in Southwest Virginia. The Dickenson-Buchanan Bank, which has three branches, recently announced plans to affiliate with the bank holding company at year's end.
The new operations center will house check processing, secondary market mortgage servicing, credit card operations and other administrative functions.
- Staff report
Fabri-Centers buying Cloth World
Fabri-Centers of America, Hudson, Ohio, retailer operating Jo-Ann Fabrics stores, said it will buy competitor Cloth World for about $62 million in cash, making it the clear-cut leader in the fabric retailing industry. Cloth World operates a store in Roanoke.
The purchase, to be completed in October, will give Fabri-Centers almost 1,000 stores, distributed in every state of the nation but Hawaii. More significantly, the deal should help the overbuilt fabric retailing industry by consolidating Cloth World, the No. 4 fabric retailer, with Fabri-Centers, the largest.
- Staff report
Study examines Va. job growth
CHARLOTTESVILLE - Virginia will experience employment growth in private services, retail trade and several other areas, a University of Virginia economist says.
John L. Knapp, business and economics research director at the University of Virginia's Weldon Cooper Center for Public Service, said growth in the service industry should boost employment in areas including Northern Virginia, the New River Valley, Richmond, Charlottesville and Fredericksburg.
Major sources of employment growth also include finance, insurance, real estate, construction and wholesale trade. Despite recent job cuts in state government, Knapp also predicted some employment growth in state and local government. The outlook for manufacturing is poor, Knapp said.|
- Associated Press
Daleville day-care center sold
A Daleville child-care center, Prince & Princess Day School, was sold Friday for about $189,000 to The Bradberry Co.
Helene Staub, who has managed the school for the past decade, will relinquish day-to-day control on Thursday to Bobbie Bradberry, a former preschool and elementary school teacher who has a degree in elementary education.
Staub said parents will be notified of the change in a letter Monday. The school is licensed to accommodate 100 children.
- Staff report
Bankruptcies
Eight bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Four 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.
Paris Meadows Coal Inc. of Grundy, which leases coal equipment, filed for reorganization and protection from creditors. The company estimated both assets and liabilities at more than $100,000.
James Dean McElrath of Coeburn, an owner of Contracting Unlimited, asked for liquidation. He showed assets of $158,969 and liabilities of $141,551.
Mohamad Ismaid Hamad, doing business as Community Grocery on Elm Avenue in Roanoke, filed for liquidation. He had assets of $12,750 and liabilities of $61,619.
Peter K. Keller and Michelle R. Keller of Roanoke sought liquidation with assets of $129,573 and liabilities of $178,002. Peter Keller operates a flooring business.
Tom George Roucek of Boones Mill filed for a wage-earner plan for repayment of debts, estimating assets and liabilities at more than $50,000 each. He does business as Easy Street Cafe, Money Works and Miles Development Group.
Colin R. Nester of Max Meadows filed under a repayment plan for small family farms. He listed assets of $287,079 and liabilities of $113,318.
Gary Michael English and Billie G. English of Elliston sought liquidation with assets of $1,760 and liabilities of $22,149. Gary English is a self-employed subcontractor.
Frances Mae Webber Ramos of Ferrum, who runs a housekeeping service, asked for liquidation. She had assets of $4,606 and liabilities of $14,865.
by CNB