The Virginian-Pilot
                             THE VIRGINIAN-PILOT 
              Copyright (c) 1994, Landmark Communications, Inc.

DATE: Thursday, November 10, 1994            TAG: 9411110901
SECTION: BUSINESS                 PAGE: D3   EDITION: FINAL 
SOURCE: From staff reports 
                                             LENGTH: Short :   19 lines

CRESTAR OFFERING $150 MILLION OF 8 3/4 PERCENT, 10-YEAR SUBORDINATED DEBT

Crestar Financial Corporation, based in Richmond, announced the sale of $150 million of 8 3/4 percent subordinated notes due November 15, 2004, through Morgan Stanley & Co. Incorporated, Lehman Brothers, Craigie Incorporated, Davenport & Co. of Virginia, Inc., Scott & Stringfellow Inc. and Wheat First Butcher Singer. The notes were priced at $99.74 to yield 8.79 percent. by CNB