THE VIRGINIAN-PILOT Copyright (c) 1994, Landmark Communications, Inc. DATE: Friday, October 28, 1994 TAG: 9410280684 SECTION: BUSINESS PAGE: D1 EDITION: FINAL TYPE: Daily Digest SOURCE: (Staff) LENGTH: Short : 23 lines
TideMark Bancorp Inc., the Newport News-based parent of TideMark Bank, said its third-quarter profit jumped 155 percent to $976,000, or 14 cents per share.
TideMark, which is buying $70 million of deposits and the Peninsula offices of Bay Savings Bank in December, is in turn being acquired by Richmond-based Crestar Financial Corp.
Tidemark had assets of $387.4 million and deposits of $228.5 million as of Sept. 30. It operates nine branches on the Peninsula. by CNB