ROANOKE TIMES 

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

DATE: TUESDAY, May 29, 1990                   TAG: 9005290221
SECTION: EDITORIAL                    PAGE: A6   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

LOAN LOSS RESERVE BOOST A PRECAUTION

YOUR EDITORIAL May 18 about Dominion Bankshares says that Dominion doubled its loan loss reserve from $70 million to $143 million and that the bank's loan loss reserve stood at $13 million at the end of 1989.

The correct information is that our loan loss reserve stood at $87 million at year end, not $13 million, and we added $70 million during the first quarter. We went to that level in order to include all our banks in other states as well as Virginia, in an abundance of caution. The controller was only examining our Virginia banks.

It is also important to emphasize that these are reserves, not losses. Our strength is undergirded by these actions.

\ WARNER N. DALHOUSE\ Chairman of the Board and Chief Executive Officer\ Dominion Bankshares\ ROANOKE 


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