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CENTRAL FIDELITY BANKS, INC. PLANS $150 MILLION SUBORDINATED NOTES OFFERING

 CENTRAL FIDELITY BANKS, INC.
 PLANS $150 MILLION SUBORDINATED NOTES OFFERING
 RICHMOND, Va., Nov. 13 /PRNewswire/ -- Central Fidelity Banks, Inc. (NASDAQ: CFBS) announced today that it has filed a registration statement with the Securities and Exchange Commission for the issuance of $150 million subordinated notes due 2002.
 The proceeds from the sale will be used for general corporate purposes.
 The offering will be managed by an underwriting group led by Salomon Brothers, Inc.
 Central Fidelity Banks, Inc., is a Richmond-based holding company with 230 offices.
 -0- 11/13/92
 /NOTE: A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state./
 /CONTACT: William F. Shumadine Jr., president, 804-697-6744 or, Peggy Cummings, public relations manager, 804-697-7261, both of Central Fidelity Banks/
 (CFBS) CO: Central Fidelity Banks, Inc. ST: Virginia IN: FIN SU: OFR


IH -- DC023 -- 0878 11/13/92 16:46 EST
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Publication:PR Newswire
Date:Nov 13, 1992
Words:225
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