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CENTRAL FIDELITY ACQUIRES DEPOSITS OF BLACKSBURG COREAST SAVINGS BANK OFFICE

 CENTRAL FIDELITY ACQUIRES DEPOSITS OF
 BLACKSBURG COREAST SAVINGS BANK OFFICE
 RICHMOND, Va., March 6 /PRNewswire/ -- Central Fidelity Banks, Inc. (NASDAQ: CFBS) announced today it has acquired the insured deposits at the Blacksburg Coreast Savings Bank branch office in southwestern Virginia. The office is located at 1206 S. Main Street in downtown Blacksburg.
 "The Blacksburg community has long been important to Central Fidelity," said Central Fidelity Chairman and Chief Executive Officer, Carroll L. Saine. "Our expansion here is a part of our core operating philosophy to remain a Virginia-only independent bank and to grow within its borders. And we look forward to serving new customers."
 Central Fidelity currently operates two additional offices in Blacksburg.
 Central Fidelity Banks, Inc., is Virginia's fifth largest bank holding company with $6.8 billion in assets and 204 offices throughout the state. The bank recently concluded its 17th consecutive year of increased earnings.
 -0- 3/6/92
 /CONTACT: Lewis N. Miller, Jr., President, 804-697-6742, or Peggy Cummings, Public Relations Manager, 804-697-7261, both of Central Fidelity Banks, Inc./
 (CFBS) CO: Central Fidelity Banks, Inc. ST: Virginia IN: FIN SU: TNM


CM -- CH007 -- 6078 03/06/92 18:01 EST
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Publication:PR Newswire
Date:Mar 6, 1992
Words:192
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