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CRESTAR ACQUIRES DEPOSITS OF CITY NATIONAL BANK OF WASHINGTON

 WASHINGTON, June 25 /PRNewswire/ -- Crestar Financial Corporation (NASDAQ-NMS: CRFC) announced today it has acquired all of the $22.2 million in deposits of the former City National Bank of Washington, which was closed today by federal regulatory authorities.
 Crestar purchased the deposits from the Federal Deposit Insurance Corporation. City National's sole office, at 1301 Connecticut Ave. N.W., Washington, was closed at the end of business today by the Office of the Comptroller of the Currency. City National customers will be served by nearby Crestar branches.
 "For Crestar, the acquisition of these deposits, and the customer relationships they represent, further strengthens our franchise in the Washington area and demonstrates our commitment to this market," said William C. Harris, president of Crestar's Greater Washington Region. "For our new customers, it means access to an expanded range of financial services and the resources of one of the region's largest and strongest banking institutions."
 With assets of $12.2 billion, Crestar Financial Corporation is the holding company for three banks operating in Virginia, Maryland and the District of Columbia. Other Crestar affiliates provide insurance, brokerage, mortgage banking and investment advisory services.
 -0- 6/25/93
 /CONTACT: Barry Koling, corporate communications, 804-782-7845, or Eugene S. Putnam Jr., investor relations, 804-782-5619, both of Crestar/
 (CRFC)


CO: Crestar Financial Corporation; City National Bank of Washington ST: Virginia, District of Columbia IN: FIN SU:

IH-DC -- DC023 -- 5378 06/25/93 15:42 EDT
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Publication:PR Newswire
Date:Jun 25, 1993
Words:236
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