DATE: Friday, September 26, 1997            TAG: 9709260739

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

                                            LENGTH:   61 lines

LOCAL SCENE

NORFOLK PITTS AND FINNEY PROMOTED: Tammac Credit Services, a division of Tammac Corp., promoted Larry Pitts Jr. to vice president of sales and marketing. He was regional sales manager.

Carmella Finney was appointed regional sales manager. She will be responsible for sales and service in the 20-county Tammac market area, which includes Hampton Roads. She was a service technician for the company.

CHESAPEAKE

YEAGER PROMOTED WITH DESIGN COMPANY: Andre' L. Yeager was promoted from vice president to senior vice president of Graph-Tech Inc. He will manage the advertising division of the design company.

NEWPORT NEWS

NEWPORT NEWS SHIPBUILDING TO FUND REPURCHASE PROGRAM: Newport News Shipbuilding said it intends to fund a portion of its employee compensation plan obligations with up to $10 million of shares of its common stock. This stock will be purchased by the company through open-market and privately negotiated transactions. The company expects that purchases of additional shares will be authorized for this purpose.

VIRGINIA

ROANOKE GAS ELECTS OFFICERS: Roanoke Gas Co. has elected John B. Williamson III president/CEO to succeed Frank Farmer, who will retire in February. Williamson, 42, is vice president-rates and finance and chief financial officer. The board elected Arthur L. Pendleton, 46, vice president-operations, as executive vice president/chief operating officer.

JAMES RIVER SPLITS STOCK: The board of directors of James River Bankshares Inc. on Thursday declared a three-for-two stock split in the form of a stock dividend on the company's common stock. Shareholders of record on Oct. 10, 1997, will receive one additional share of James River Bankshares common stock for every two shares owned on the record date. The dividend shares will be delivered Nov. 7, 1997. Fractional shares will be paid in cash. This is James River Bankshares' first stock dividend.

VIRGINIA BEACH

PENLEY AND PARRISH NAMED INTERN ARCHITECTS: Waller Todd & Sadler Architects named Sherry L. Penley and Russell J. Parrish

intern architects. Penley was an intern architect with Riddick & Associates in Norfolk; Parrish was an intern architect with Martin & Martin Architecture in Virginia Beach.

METRO INFORMATION SERVICES TO OPEN IN MEMPHIS: Metro, which does information technology consulting and software development, has 28 offices throughout the United States and Puerto Rico. Memphis, a new office, is the sixth Metro property added this year. The company this year began trading its stock publicly. Since then it has opened offices in Denver; St. Louis, Mo.; and Austin, Texas, and acquired companies in Columbia, S.C., and Kansas City, Mo. MEMO: To submit an item, send it to Local Scene, The Virginian-Pilot

Business News Department, 150 W. Brambleton Ave., Norfolk, Va. 23510.

Photos are welcome. Or fax your submission to 446-2531. ILLUSTRATION: Photos

Penley

Parrish

Finney

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