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Article: Blue Ridge Bank To Become Subsidiary of FCFT, Inc.
- Article from:
- PR Newswire
- Article date:
- November 25, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SPARTA, N.C., Nov. 25 /PRNewswire/ -- Guy L. Scott, Jr., President & Chief Executive Officer of Blue Ridge Bank, Sparta, North Carolina, and James L. Harrison, Sr., President & Chief Executive Officer of FCFT, Inc., are pleased to announce that their respective corporations have entered into a Letter of Intent which provides for Blue Ridge to become a separate subsidiary of FCFT, Inc. Blue Ridge, with total resources of $103 million at September 30, 1996, is headquartered in Sparta, North Carolina and was formed in 1987. Blue Ridge operates, in addition to its main office in Sparta, branches in Elkin, Taylorsville, and Hays, North Carolina. There are no changes ...