THE VIRGINIAN-PILOT
Copyright (c) 1997, Landmark Communications, Inc.
DATE: Thursday, January 9, 1997 TAG: 9701090318
SECTION: BUSINESS PAGE: D3 EDITION: FINAL
TYPE: Briefs
LENGTH: 48 lines
Options Health Care, a Norfolk-based mental health care management company, has formed a partnership with an Ohio firm, AccessOhio Behavioral Health Systems, to handle contracts in that state. The new entity, Ohio Behavioral Health Partnership, will handle managed mental health care for commercial clients and public programs. The group will be based in Columbus, Ohio. Options, founded and run by local psychiatrist Ronald I. Dozoretz, has similar partnerships in many other states. Its contracts include work with public assistance clients in Massachusetts, Nebraska, Colorado, Florida, Tennessee and Puerto Rico. (Staff) U.S. coal production hit record high in 1996
Domestic coal production reached a record 1.07 billion tons in 1996, according to industry estimates released this week. The totals through Dec. 28, the latest available, surpassed the 1994 mark of 1.03 billion tons, according to the U.S. Energy Department. Wyoming led the nation with 279 million tons, comprising one-fourth of the nation's production. West Virginia ranked second with 170 million tons, 4.5 percent higher than its 1995 output, and Kentucky ranked third with 149 million tons, the agency said. Coal shipments to power plants and to a Norfolk terminal for export account for more than a quarter of Norfolk Southern Corp.'s revenues. (Associated Press) NationsBank ups goals in Boatmen's acquisition
NationsBank Corp. plans to cut costs deeper and generate more revenue than it originally expected by gobbling up Boatmen's Bancshares Inc. The Charlotte-based bank will reduce annual costs by more than $335 million and will do it by 1999, beating goals set when the bank announced the acquisition in August, said Chief Financial Officer James Hance Jr. NationsBank also expects to beat its goal of adding $180 million in annual revenue through the acquisition, he said. NationsBank said it has closed its $9.5 billion acquisition of Boatmen's, a union that creates the nation's fourth-largest bank. (Bloomberg) Executive decisions The board of James River Bank in Waverly promoted Jerry R. Bryant from senior vice president to president and chief executive officer. Bryant, who joined the James River Bankshares Inc. subsidiary in January 1996, succeeded Glenn T. McCall. McCall stepped down to spend more time as senior vice president and chief financial officer of the bank's Suffolk-based parent. James River Bank operates in Waverly, Sussex, Franklin and Courtland. (Staff)