THE VIRGINIAN-PILOT
Copyright (c) 1994, Landmark Communications, Inc.
DATE: Tuesday, November 22, 1994 TAG: 9411220675
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Digest
SOURCE: Staff
LENGTH: Short : 20 lines
The Bank of Suffolk and The Bank of Waverly have agreed to merge, saying the future of community banks lies in alliances like this one. The agreement, signed Monday by each bank's chairman, must be approved by regulators and shareholders. A Suffolk-based holding company, James River Bankshares Inc., will be created to own the two banks. The banks combined had assets of about $150 million. by CNB