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“We have financed a lot of Rap pahannock real estate over th< years,” she said. “We didn’t have th< requirements that a lot of banks did Our directors are better appraiser than a lot of licensed appraisers ou there, but now we have to have pro fessional appraisers. Now the sarru rules apply to us that apply to th< Chase Manhattan. We would like t< have more real estate loans.”
With many banks being merget into larger and larger banking orga nizations, Mrs. Payne hopes Rappa hannock National can survive as ai independent local bank.
“If we have to merge, we’ll los< all local control,” she said. “Our air is to survive as a little independen bank.”
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