Continuing its acquisition program in Virginia, Crestar Financial Corp. signed a definitive agreement to buy Warrenton-based Jefferson Savings and Loan, which has $265 million of deposits.

Richmond-based Crestar, with $14.3 billion in assets, said it would pay Jefferson shareholders $22.3 million in cash or stock, representing a rather hefty 1.9 times the thrift's stated book value.

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