Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, November 22, 1994 TAG: 9411230066
SECTION: BUSINESS PAGE: B8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
NationsBank Corp. said it has sold 16 of its Virginia branches to banks in Bluefield and Lawrenceville.
Premier Bankshares Corp., based in Bluefield, bought seven offices. The new branches will be in Galax, Fries, Independence, Rural Retreat, Nickelsville, Coeburn and Big Stone Gap.
Pace American Bank of Lawrenceville bought nine branches, including offices in Bedford and Big Island. Pace American is to be acquired early next year by First Citizens BancShares, holding company of North Carolina's fifth-largest bank, based in Raleigh.
-Staff report
Kellwood to sell home fashions unit
Kellwood Co., St. Louis parent of Halmode Apparel Co. of Roanoke, said Monday it has agreed to sell the assets of its Home Fashions Division to an affiliate of Vitale Holdings Inc. of Charlotte, N.C.
Chairman William J. McKenna said Kellwood's goals are best achieved through focus on and investment in its core strength, apparel.
-Staff report
Contract awarded for giant TV screens
The Hotel Roanoke Conference Center Commission on Monday awarded a contract for giant television screens and related equipment to a Winston-Salem, N.C., communications equipment company.
Long Communications Group's bid of $102,654 was the lowest of four received for the TV hardware. The contract calls for installation of two rear-projection television screens in the conference center's main lecture hall, plus audio equipment and a videocassette recorder.
With the screens and a related satellite hookup, conferees will be able to sit in on lectures beamed to Roanoke from other places in the country or world. A separate contract for the satellite downlink was awarded last week.
The contract calls for installation by March 1, about a month before the hotel and center are scheduled to open.
-Staff report
by CNB