CENTRAL FIDELITY BANKS INC
10-C, 1996-06-18
NATIONAL COMMERCIAL BANKS
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-C

Report by Issuer of Securities Quoted on NASDAQ
Interdealer Quotation System

Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-176 
or 15d-17 thereunder

Central Fidelity Banks, Inc.
(Exact name of issuer as specified in charter)

1201 East Cary Street
Richmond, Virginia 23219-4000
 (Address of principal executive offices)
 
Issuer's telephone number, including area code: (804) 782-4000 

I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:
 
1. Title of security: Central Fidelity Banks, Inc. Common Stock $5 par value
     (CFBS)
 
2. Number of shares outstanding before the change: 39,787,595
 
3. Number of shares outstanding after the change: 59,677,976
 
4. Effective date of change: May 20, 1996

5. Method of change: 3-for-2 split-up in the form of a dividend.

Give brief description of transaction: On May 8, 1996 the Board of Directors of
the Company declared a 3-for-2 split-up in the form of a dividend payable June 
14, 1996 to shareholders of record on May 20, 1996. Cash in lieu of fractional 
shares was paid on the basis of $22.84 per whole share.

Date June 18, 1996
 


/s/ James F. Campbell
James F. Campbell
Senior Vice President & Controller 



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