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CENTRAL FIDELITY TO INCREASE PUBLIC STOCK OFFERING

 CENTRAL FIDELITY TO INCREASE PUBLIC STOCK OFFERING
 RICHMOND, Va., July 14 /PRNewswire/ -- Central Fidelity Banks, Inc.


(NASDAQ-NMS: CFBS) intends to increase its filing with the Securities and Exchange Commission for a public offering of its common stock from 1,850,000 to 3,000,000 shares. The increased filing is a result of Central Fidelity's successful acquisition of Investors Savings Bank on July 10, 1992.
 The offering will be managed by a group of underwriters headed by the Robinson-Humphrey Company, Inc.; Donaldson, Lufkin & Jenrette Securities Corporation; Keefe, Bruyette, & Woods, Inc.; Scott & Stringfellow Investment Corp., and Davenport & Co. of Virginia, Inc.
 Central Fidelity Banks, Inc. is a Richmond, Virginia-based holding company with $8 billion in assets and 252 offices.
 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- 7/14/92
 /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


JZ -- CH004 -- 9049 07/14/92 11:15 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
Words:259
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