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CENTRAL FIDELITY BANKS, INC. PLANS PUBLIC STOCK OFFERING

 CENTRAL FIDELITY BANKS, INC. PLANS PUBLIC STOCK OFFERING
 RICHMOND, Va., May 27 /PRNewswire/ -- Central Fidelity Banks, Inc. (NASDAQ-NMS: CFBS) announced today that it has filed a registration statement with the Securities and Exchange Commission for a public offering of 1,850,000 shares of its common stock. The proceeds from the sale will be used for general corporate purposes.
 The offering will be managed by a group of underwriters headed by The Robinson-Humphrey Company, Inc., Scott & Stringfellow Investment Corp. and Davenport & Co. of Virginia, Inc.
 Central Fidelity Banks, Inc. is a Richmond, Va.-based holding company with 205 offices.
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 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.
 -0- 5/27/92
 /CONTACT: William F. Shumadine, Jr., President, 804-697-6744, 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: OFR


CM -- CH009 -- 4435 05/27/92 16:59 EDT
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Publication:PR Newswire
Date:May 27, 1992
Words:240
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