DATE: Tuesday, March 4, 1997                TAG: 9703040258

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

TYPE: Briefs 

                                            LENGTH:   96 lines

LOCAL SCENE

HAMPTON ROADS

TERMINAL REPORTS STRONG JANUARY TONNAGE: The state-owned marine cargo terminal in the port of Hampton Roads had a strong January, posting a 14.5 percent gain over January 1996, Virginia International Terminals Inc. announced. According to VIT, the terminals it manages for the Virginia Port Authority handled 654,000 tons of cargo in January, up from 571,000 tons a year earlier. Most of the growth came in containerized cargo, though break-bulk gained 9 percent to 48,000 tons. January 1996 tonnage was depressed by harsh winter weather. ``January is not historically a strong month,'' said Joseph A. Dorto, VIT's chief executive and general manager.

NORFOLK

BATTEEN-HAWKS ELECTED TO BOARD OF DIRECTORS: Virginia Batteen-Hawks, chief financial officer, senior vice president and a stockholder of S.L. Nusbaum Realty Co., was elected as a member of the board of directors and to serve on the executive committee.

LANDMARK BUYS U OF K SPORTS PAPER: Landmark Communications Inc., Norfolk-based parent of The Virginian-Pilot, said its community newspapers subsidiary has purchased The Cats' Pause, a 19,000-circulation national newspaper that covers University of Kentucky sports. Terms of the purchase of the 20-year-old newspaper, from founder Oscar L. Combs, weren't disclosed. Landmark said the paper, based in Lexington, Ky., was the first of its kind in the country.

LYON SHIPYARD GETS BERTHING BARGE CONTRACT: The Navy has awarded Lyon Shipyard Inc. a $744,487 contract for work on a berthing barge. The small Norfolk shipyard will remodel the interior of the berthing barge, which is used to house sailors whose ships are being overhauled. Lyon, which employs 100 workers, is finishing two similar jobs for the Navy and has several commercial contracts including a repair of a hopper barge and a minor overhaul of a menhaden boat, a shipyard official said.

JOHNSON JOINS BORDEN PRINTING: Gary Johnson, formerly with Coastal Printing Co. in Virginia Beach, has joined the Borden Printing Plant. He brings over 30 years of experience to the printing company, which has been operating since 1953.

PORTSMOUTH

MANAGERS APPOINTED AT VISITORS BUREAU: Patricia Lawry was named a media relations manager and Lynette James was named a group tour sales manager with the Portsmouth Convention & Visitors Bureau. Lawry was previously a promotion writer/producer for International Family Entertainment and an independent marketing speg3ls04 James cialist and event planner. James was a public information officer with the Portsmouth Redevelopment and Housing Authority and program manager with the Hampton Roads Chamber of Commerce, Portsmouth division.

VIRGINIA BEACH

BARKER CAMPBELL & FARLEY ADDS A NAME: Barker Campbell & Farley is reorganizing as Barker Campbell Farley & Mansfield. Partner Robert A. Barker is leaving the agency this month to pursue an interest in teaching and marketing consulting. Bruce Mansfield, previously senior vice president, creative director, will be executive vice president. A. Palmer Farley will become chairman and chief executive officer and William T. Campbell will become vice chairman.

PENINSULA

FINANCING FOR FIRST PART OF PLANNED COMMUNITY: Stonehouse L.L.C., developer of a planned community near Williamsburg, said it received financing for the project's initial phase from Life Savings Bank in Norfolk. Stonehouse, a joint venture of the real estate subsidiaries of utility holding company Dominion Resources Inc. and paper-manufacturer Chesapeake Corp., said the first phase will involve the development of about 1,000 acres and 800 homes. The entire project is scheduled to take 20 years, Stonehouse said.

NEWPORT NEWS

MORGAN NAMED MANAGER: Cheryl Morgan was appointed manager of Countrywide Home Loans. She was a regional underwriting manager for Norwest Mortgage's Wholesale Division and an assistant vice president and manager of operations for Beach Fed Mortgage, now First Coastal Mortage Corp.

VIRGINIA

Southern National Corp. extended the reach of its BB&T banking subsidiary to the Richmond area Monday by acquiring Fidelity Financial Bankshares Corp. The Richmond thrift holding company, parent of Fidelity Federal Savings Bank, has assets of $328 million and seven branches. BB&T of Virginia has had a major presence in Hampton Roads since 1995, when Winston-Salem, N.C.-based Southern National bought Commerce Bank in Virginia Beach.

JAMES RIVER DECLARES DIVIDEND: James River Bankshares Board of Directors has declared a dividend for first quarter 1997. This dividend will be $.13 per share to shareholders of record February 28, 1997 and payable on March 17, 1997. James River Bankshares, Inc. is a multi-bank holding company that owns and operates Bank of Isle of Wight, Smithfield, Virginia; Bank of Suffolk, Suffolk, Virginia; First Colonial Bank, FSB, Hopewell, Virginia; and James River Bank, Waverly, Virginia, with combined assets of approximately $380.1 million as of Jan. 31, 1997.

CIRCUIT CITY NAMES MCCOLLOUGH PRESIDENT: Circuit City Stores Inc. said Alan McCollough will assume the post of president from Richard Sharp, who will continue as chief executive and chairman. McCollough will have responsibility for the company's 494 Circuit City electronics stores, the company said. W. Austin Ligon will remain president of the company's CarMax used car sales unit. McCollough joined the Richmond, Va.-based retailer in 1987 and was senior vice president of merchandising for the past two years. ILLUSTRATION: Photos

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