DATE: Saturday, October 18, 1997            TAG: 9710180275

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

                                            LENGTH:   52 lines

LOCAL SCENE

NORFOLK

KNIGHT APPOINTED TO COMMITTEE: Montgomery Knight Jr., senior member of Knight, Clarke, Dolph & Rapaport, was appointed to the Tax Disputes Committee of the Fiduciary Litigation Section of the American College of Trust and Estate Counsel. He was elected as a fellow of the college in 1981.

WOLFE NAMED PRESIDENT OF STAR DIGITAL: Thomas E. Wolfe was named president of Star Digital Inc., a soley owned subsidiary of Alexandria, Va.-based Star Mountain Inc. Wolfe was a senior program manager for S3 Ltd. in Virginia Beach. Star Digital focuses on information systems and technology, specializes in computer network design, installation and support and provides turn-key solutions for both commercial corporations and government clients.

NUSBAUM FORMS MORTGAGE FIRM: S.L. Nusbaum Realty Co. has formed S.L. Nusbaum Mortgage Co., a wholly owned subsidiary. Nusbaum said the mortgage company was formed to assist developers and owners of multi-family housing. S.L. Nusbaum Realty also elected Allison Nordlinger a vice president. Nordlinger has been with the company since 1991 in its shopping center leasing division.

VIRGINIA BEACH

MERIDIAN GROUP SECURES THREE NEW ACCOUNTS: The Meridian Group, marketing communications, has acquired the accounts of Hawk's Cay Resort in Duck Key, Fla., the Redmond Hotel in Birmingham, Ala., and Goodman Segar Hogan Hoffler in Norfolk. The agency said the accounts together will generate approximately $1 million in billings.

VIRGINIA

STATE SCHOOL BONDS RATED AA: Virginia Public School Authority's approximately $233,400,000 school financing and refunding bonds (1997 Resolution), series 1997-I, expected for negotiation Oct. 29 through a syndicate managed by Bear, Stearns & Co. Inc., are rated AA+ by Fitch. The bonds will be due Aug. 1, 1998-2017, as serials, with 2017 term bonds subject to mandatory sinking fund redemption; optionally callable beginning Aug. 1, 2007, at 101 percent.

CORRECTION

Wachovia Corp. stock closed Thursday at $77.25. First Union Corp. stock closed at $50.5625. The figures were incorrect in a Business News story Friday about bank earnings. MEMO: To submit an item, send it to Local Scene, The Virginian-Pilot

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

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Knight

Wolfe

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