
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, May 9, 1990                   TAG: 9005090161
SECTION: BUSINESS                    PAGE: B-5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BRIEFLY

Directors of Modine Manufacturing Co., a Wisconsin firm operating two Rockbridge County plants, raised the company's quarterly dividend from 60 to 68 cents a share with the June 8 payment to stockholders.

Signet Bank of Virginia has agreed to buy the First Colonial branch in Virginia Beach of Perpetual Savings Bank F.S.B of Alexandria, assuming deposit liabilities of $84.4 million as of March 31. Signet operates 140 branches in Virginia.

American Express has launched an unusual program that encourages its card members to save money each month when they pay their credit-card bill. Card holders can contribute to a federally insured money market deposit account by including a preselected amount in the check they write to pay their bill.

by CNB