RICHMOND, Va. -- Central Fidelity Banks Inc. said all 47 branches of the failed Investors Federal Savings Bank reopened Monday as Central Fidelity locations.

Central Fidelity acquired the offices and about $1 billion in 115,000 accounts last Friday in a "wholesale thrift" sale by the Resolution Trust Corp. The Richmond-based bank holding company has $8 billion in assets and 252 offices in Virginia.

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