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CRESTAR ANNOUNCES $300 MILLION SHELF REGISTRATION

 RICHMOND, Va., Sept. 24 /PRNewswire/ -- Crestar Financial Corporation (NYSE: CF) announced today that it has filed a shelf registration statement with the Securities and Exchange Commission. Once effective, the registration statement permits the corporation to issue up to $300 million in subordinated debt securities, preferred stock or common stock.
 The net proceeds from the sale of the securities will be used for general corporate purposes.
 The announcement also named Morgan Stanley & Co., Inc., as a potential underwriter for the sale of the securities.
 With $13.2 billion in assets, Crestar Financial Corporation is the holding company for three banks with 302 banking locations throughout Virginia, Washington and Maryland suburbs. Other Crestar affiliates provide insurance, brokerage, mortgage banking and investment advisory services.
 -0- 9/24/93
 /CONTACT: Eugene S. Putnam Jr., investor relations, Crestar Financial Corporation, 804-782-5619/
 (CF)


CO: Crestar Financial Corporation ST: Virginia IN: FIN SU:

DT-DC -- DC014 -- 5488 09/24/93 14:56 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
Words:155
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