SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) December 31, 1995
CRESTAR FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
VIRGINIA 1-7083 54-0722175
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
919 EAST MAIN STREET, RICHMOND, VIRGINIA 23261-6665
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804) 782-5000
NOT APPLICABLE
(Former name or former address, if changed last report.)
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Item 2. Acquisition or Disposition of Assets
On December 31, 1995, Crestar Financial Corporation (Crestar) acquired
Loyola Capital Corporation (Loyola) in a transaction accounted for as a
pooling-of interests business combination. Crestar issued 5,213,309 common
shares for all of the outstanding common shares of Loyola. The exchange ratio
was 0.64 Crestar common shares for each Loyola common share outstanding on
December 31, 1995. Loyola was the holding company for Loyola F.S.B., a federally
chartered stock savings and loan association with 35 branches, primarily in
central Maryland and Maryland's Eastern Shore, including 15 branches in the
Baltimore metrololitan area. The assets of Loyola will continue to be used in
providing financial services to customers in Maryland.
Item 7. Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Financial statements of Loyola will be filed in an amendment to this Form
8-K no later than March 15, 1996, as it is impractical to provide such data at
this time.
(b) Pro Forma Financial Information
Pro forma financial information regarding the acquisition of Loyola by
Crestar will be filed in an amendment to this Form 8-K no later than March 15,
1996, as it is impractical to provide such data as this time.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CRESTAR FINANCIAL CORPORATION
Date: January 18, 1996 By: /s/ JOHN C. CLARK, III
John C. Clark, III
Corporate Senior Vice President,
General Counsel and Secretary
