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CRESTAR FINANCIAL CORPORATION TO LIST STOCK ON NYSE

 RICHMOND, Va., June 28 /PRNewswire/ -- Crestar Financial Corporation (NASDAQ-NMS: CRFC) announced today that it is filing an application to list its common stock on the New York Stock Exchange.
 Richard G. Tilghman, chairman and chief executive officer, said he expects Crestar stock to begin trading in late July under the symbol "CF." Crestar has approximately 38 million common shares outstanding, which currently trade under the symbol "CRFC" on the Nasdaq stock market.
 "Listing on the New York Stock Exchange at this time is appropriate for Crestar considering our progress and our prospects," Tilghman said. "Both current and future investors will be well served by this move which underscores our corporate commitment to enhancing shareholder value.
 "We have a good story to tell," Tilghman added. "Listing on the NYSE will help us reach a broader base of investors domestically and abroad."
 With $12.2 billion is assets, 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- 6/28/93
 /CONTACT: Barry Koling, corporate communications, 804-782-7845, or Eugene S. Putnam Jr., investor relations, 804-782-5619, both of Crestar Financial Corporation/
 (CRFC)


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

KD-MH -- DC032 -- 6367 06/28/93 15:20 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:219
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