The Virginian-Pilot
                            THE VIRGINIAN-PILOT  
              Copyright (c) 1994, Landmark Communications, Inc.

DATE: Friday, August 5, 1994                 TAG: 9408050558
SECTION: BUSINESS                 PAGE: D1   EDITION: FINAL 
SOURCE: (Staff)
                                             LENGTH: Short :   18 lines

CRESTAR FINANCIAL TO COMPLETE CONVERSION OF PIEDMONT

Crestar Financial Corp. today will complete its conversion and integration of Piedmont Federal Savings Association accounts into the Crestar system. Piedmont, a Manassas, Va.-based thrift, had been operating under Resolution Trust Corp. conservatorship when Crestar acquired its $147.5 million in deposits and two branches on May 13. by CNB