EXHIBIT 23.2


                       CONSENT OF INDEPENDENT ACCOUNTANTS

We  hereby  consent  to the  incorporation  by  reference  in  the  Registration
Statements on Form S-8 (Nos.  33-46154 and  33-76678) of Virginia  Beach Federal
Financial  Corporation of our report dated  February 7, 1995,  appearing in this
Annual Report on Form 10-K.



/s/ PRICE WATERHOUSE LLP

Norfolk, Virginia
March 26, 1997