ROANOKE TIMES 

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

DATE: FRIDAY, July 30, 1993                   TAG: 9307300198
SECTION: BUSINESS                    PAGE: A-5   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BASSETT BANK TO BUY 2 LEXINGTON OFFICES

Patrick Henry National Bank of Bassett said it will acquire deposits of First American Bank at two offices in Lexington. The proposed purchase, subject to regulatory approval, is targeted for Nov. 1.

Patrick Henry said Tuesday it plans to close the downtown Lexington office but will retain the branch at Stonewall Square shopping center.

The sale of the two offices was mandated as a condition of the merger of First Union National Bank of Virginia and First American Metro Corp. of McLean because Dominion Bank, also acquired by First Union, already had branches in Lexington.

Worth Harris Carter Jr., chairman of Patrick Henry, said said all employees of both First American offices will remain with Patrick Henry.

Patrick Henry National Bank operates eight offices in Bassett, Martinsville, Stuart, Collinsville, Galax and Hillsville. It has assets of more than $237 million. - Staff report 


 by CNB