THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Friday, July 14, 1995 TAG: 9507140406
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
LENGTH: Short : 27 lines
Crestar Financial Corp., helped by strong loan growth, higher non-interest income and control of its expenses, said second-quarter net income was up 11 percent from the comparable three months of 1994. Richmond-based Crestar reported record net income of $47.4 million, or $1.24 a share, for the April-through-June period. In the year-earlier quarter, the banking company earned $42.6 million, or $1.12 a share. For the first half, net income rose 12 percent to $93 million from $83.1 million in the comparable six months of 1994. Per-share earnings $2.43 versus $2.19. (Staff) Chesapeake Corp. to buy Chicago Tissue Co. mill
Chesapeake Corp. confirmed Thursday that it has signed a letter of intent for its wholly owned subsidiary, Wisconsin Tissue Mills Inc., to acquire the Alsip, Ill., mill of Chicago Tissue Co. L.P. Chesapeake Corp., headquartered in Richmond, is a packaging and paper company. (Staff) by CNB