EXHIBIT 23.3



                       CONSENT OF INDEPENDENT ACCOUNTANTS

We  hereby  consent  to  the   incorporation  by  reference  in  the  Prospectus
constituting part of the Registration  Statement on Form S-3 (No.  333-22399) 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