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

DATE: THURSDAY, February 16, 1995                   TAG: 9502160055
SECTION: BUSINESS                    PAGE: B-7   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

SIGNET CORP. BUYS BLANCHARD GROUP

Signet Banking Corp., Richmond parent of Signet Banks, said Wednesday it has agreed to acquire the assets of Sheffield Management Co. and Sheffield Investments Corp., managers and distributors of the Blanchard group of mutual funds. Blanchard funds, which are marketed nationally by direct mail, are 11 fixed-income and equity funds totaling about $1 billion.

The acquisition will double Signet's mutual fund assets and increase total assets under management to more than $4 billion.

- Staff report

by CNB