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Crestar Financial Corp. is pledging to lend and invest up to $11 million by the end of 1998 to families and programs in the Mid-Atlantic's economically strapped areas.
Crestar's new Community Development Corp. expects to settle between $5 million and $7 million in real estate loans and invest between $2 million and $4 million in real estate projects in Maryland, Virginia and Washington, according to Peter J. Ponne, the development corporation's president and chief executive officer.
The development corporation is headquartered at Crestar's Baltimore office. Though Ponne said its primary focus will be on the Baltimore-Washington corridor, it will serve all of the …