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): April 23, 1997
Central Fidelity Banks, Inc.
(Exact name of registrant as specified in its charter)
Virginia 0-8829 54-1091649
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation Number)
1021 East Cary Street, Richmond, Virginia 23219
(Address of principal executive offices)
Registrant's telephone number, including area code: (804) 782-4000
This document contains 5 pages.
Item 5. Other Events
On April 23, 1997 the Registrant issued the Press Release which is included
as Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) The following exhibit is included with this report
Exhibit 99 Press Release, dated April 23, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Central Fidelity Banks, Inc.
(Registrant)
Date: April 24, 1997
/s/ James F. Campbell
James F. Campbell
Senior Vice President & Controller
EXHIBIT INDEX
Exhibit 99. Press Release, dated April 23, 1997
Exhibit 99
News Release Central Fidelity
Central Fidelity Banks, Inc. For Release: IMMEDIATELY
Post Office Box 27602
Richmond, Virginia 23261-7602 Information Contact:
Charles W. Tysinger
Chief Financial Officer
(804) 697-7038
Susan Lawrence Mistr
Public Relations Director
(804) 697-7261
April 23, 1997
CENTRAL FIDELITY BANKS, INC.
SELLS $100 MILLION TRUST PREFERRED STOCK
Richmond, VA -- Central Fidelity Banks, Inc. (NASDAQ-CFBS) today announced it
has sold $100 million of Trust Preferred Stock through Central Fidelity
Capital Trust I, a statutory business trust, in an institutional private
placement. The Federal Reserve considers the Trust Preferred Stock to be
Tier I Capital for Central Fidelity.
Proceeds from the sale of the Trust Preferred Stock will be used by the Trust
to purchase from Central Fidelity Floating Rate Junior Subordinated Debt
Securities due April 15, 2027. Central Fidelity intends to use the proceeds
from the transaction for general corporate purposes, including for the
repurchase of Central Fidelity common shares.
The Trust Preferred Stock has not been registered under the Securities Act of
1933 and may not be offered or sold in the United States absent registration
or an applicable exemption from such registration.
Central Fidelity Banks, Inc. is a Richmond, Virginia-based bank holding
company with assets of $10.6 billion and 248 offices throughout the state.
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