Printer Friendly

SIGNET DONATES $400,000 TO VIRGINIA MUSEUM OF FINE ARTS

 RICHMOND, Va., April 30 /PRNewswire/ -- Signet Banking Corp. (NYSE: SBK) has donated $400,000 to the Virginia Museum of Fine Arts to renovate and rename the north gallery in memory of Frederick "Rick" Deane Jr., former chairman and chief executive officer of the company. Deane passed away unexpectedly last April after devoting 33 years of service to Signet and developing the bank into one of the top five financial institutions in the Urban Crescent market area.
 The endowment was announced at Signet's annual shareholders' meeting on Wednesday, April 28.
 "While last year was one of the most successful in Signet's history, it was also most tragic," said Robert M. Freeman, chairman and chief executive officer of Signet. "Rick was not only an exemplary leader, he was truly one of the most outstanding individuals I have ever known. He is greatly missed."
 The Virginia Museum of Fine Arts was chosen as the recipient of the memorial gift because of Deane's active involvement with the museum.
 "Rick was instrumental in the development of the museum," said Herbert A. Claiborne, president of the museum's Board of Trustees. Deane actively served on various committees for the Virginia Museum of Fine Arts from 1967 until 1992, including 10 years on the Board of Trustees and 12 years as a director of the museum foundation.
 "The Frederick Deane Jr. Gallery will be the prelude to the visitor experience," said Katharine C. Lee, director of the museum. "This space will used as an introduction to works from our permanent collection and new acquisitions to enhance the visitor's appreciation of the whole museum."
 Renovation will begin immediately. The dedication of the Frederick Deane Jr. Gallery was held April 29 with the introduction of the series "Perspectives on Romanticism," featuring works by Constable, Bonington, Turner and Delacroix, among others.
 Signet Banking Corp. is an $11.5 billion organization with 237 full- service banking offices throughout Virginia, Maryland and the District of Columbia. It offers investment services including municipal bond, government, federal agency and money market sales and trading, foreign exchange trading and discount brokerage, an international operation concentrating on trade finance, and specialized services for trust, leasing, asset-based lending, cash management, real estate, insurance, consumer financing and investment banking.
 -0- 4/30/93
 /CONTACT: Teri A. Temples, Public Relations Director, Signet Banking Corp., 804-771-7210; or Suzanne Hall, Manager of Marketing and Public Affairs, the Virginia Museum of Fine Arts, 804-367-0852/


CO: Signet Banking Corp.; The Virginia Museum of Fine Arts ST: Virginia IN: FIN SU:

TW -- DC011 -- 3242 04/30/93 13:21 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 30, 1993
Words:425
Previous Article:ALLEN GROUP UPDATES STATUS OF FTC REVIEW
Next Article:CNL SHAREHOLDERS APPROVE NAME CHANGE TO COMMERCIAL NET LEASE REALTY
Topics:


Related Articles
SIGNET COMPLETES ACQUISITION OF PIONEER
SIGNET FIRST TO TEAM WITH MASTERCARD TO OFFER NEW DEBIT CARD
SIGNET BANKING CORPORATION DECLARES DIVIDEND
DUFF AND PHELPS REMOVES SIGNET FROM RATING WATCH--DOWN
SIGNET BANKING CORPORATION DECLARES DIVIDEND
GILLISPIE NAMED TO SIGNET BANKING CORP. BOARD OF DIRECTORS
SIGNET BANKING CORPORATION INCREASES DIVIDEND
SIGNET BANKING CORPORATION DECLARES $.20 DIVIDEND
SIGNET EXPECTS SUBSTANTIAL RECOVERIES FROM FRAUDULENT LOANS
SIGNET BANKING CORPORATION DECLARES DIVIDEND

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters