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Kokomo Tribune Newspaper Archive: July 26, 1994 - Page 1

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Publication: Kokomo Tribune

Location: Kokomo, Indiana

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   Kokomo Tribune (Newspaper) - July 26, 1994, Kokomo, Indiana                                316 TRIBUNE July 50 cents Local thrift changes hands By DAVE PHILLIPS Tribune staff writer Central Indiana company of First Federal Savings Bank of will be acquired by National City for about million under a deal announced The agreement will leave Howard County with one locally based financial Central National Bank of Russiaville and comes just two years after Central Indiana Bancorp went Robert chairman and president of Central Indiana Ban said the companys board of directors determined during a strategic meeting in February that a merger would be necessary in order to expand the banks services and shareholder Weve seen also the industry consolidate and the arrival of new competitors in the said We believe that this merger is in the best interest of our shareholders and There are products we want to introduce trust insur discount home MastercardVisa pro grams and expanded commercial lending and leasing activity Clevelandbased National City is the holding company for National City with about billion in assets statewide First Federal Savings Bank of with approxi mately million in operates office branches in Green Kokomo and Peru Under terms of the Central Indiana shareholders will receive 1 08 shares of National or about 50 a share To avoid any earnings National City said it will issue million shares of stock and repur chase them on the open To prevent boaird also granted National City an option to purchase about percent Central Indianas common Central Indiana Bancorp offi cials rteceiyed numerous offers from outofstate and Indiana based Heltzel before the field down to four A confidentiality clause in the agreement bars officials from disclosing the other New York Stock Exchange trading today Natipnal City shares were unchanged at Inearly trading today tral Indiana Bancorp shares were up NASDAQtrad Trading in Central Indiana Bancorp was suspended Monday pending the National City bill ion operates offices in Kentucky and The north central Indi ana in May 1992 when it acquired Indiariapolisbasecl Merchants National the holding com pany for First National Bank of Lbgansport and Citizens National Bank Trust of Pending shareholder and regular tbry officials expect the transaction toclose in the first quarter of Heltzel said National City plans to convert First Federal Savings Banks thrift charter to a bank Following the Heltzel said some of Central Indiana Ban corps79 employees willbe dis probably sometime in late spring early summer of We expect some but National City has assured us that any displaced workers will have an opportunity to join the bank in other Heltzel Inside markets Classified Dear Local News of Sports style Fun at the fair Diana and can ride all rides they wish for per The er fly on the Moon one of many rides youngsters will coupons may be redeemed at midway ticket For a be enjoying at Kokomo Tribune Night at the Howard County schedule of upcoming fair see Page 4H Fair Fairgoers with a coupon from the newspaper Tribune photo by Dave Hess Congress opens hearings Democrats block GOPs efforts in Whitewater hearings WASHINGTON AP White1 House Counsel Lloyd Cutler told congressional Whitewater hear ings today that White House violated no ethical rules by con tacting regulators about a failed Arkansas But the lead Republican on House Banking Jim Leach of said the con tacts showed arrogance of power by top aides to President The exchange came as the Whitewater hearings opened on a partisan note as majority Democ rats rammed through a motion to block Republicans from asking questions about the death last year of White House aide Vincent Law enforcement officials ruled the death a Leach chided the Democrats for restricting the hearing to only about five percent of the White water Cutler told the House Banking Committee that no White House staff member made any effort to change any decision by banking regulators investigating the deal ings of a failed Arkansas savings and In an interview before his testi Cutler disclosed a contact between the White House and Webb a senior Justice Department official who was con fidante of the Clintons and a for mer law partner of Hillary ham Hubbell had recusgd himself from the Questions arise regarding judge Hearing pending for nearly a year in case involving molested child Related story Brubakers replace ment hasnt been named Page By MIKEPALUCK Tribune staff Writer Suspended Howard Circuit Judge Alan Brubaker appeared in court here Friday and wasquestioned about 20year prison Sentence he imposed on a Windfall man who in 1988 pleaded guilty in two child molesting a Kokomo attorney attorney Bradley Hamilton1 said Brubaker was called to Tipton Circuit Court over allegations that he knew a victim in a child molesting and therefore was not fair and impar tial when he sentenced the defen Brubaker The attorney stressed that Fridays postconvic tion relief hearing had been pending for nearly a and was not con nected to the criminal case against in Boone Superior Court was arrested in Lebanon last week and charged with dealing in patroniz ing a official miscon duct and two counts of conver The charges are related to inci dents that allegedly occurred in Boone County July authorities Hamilton This petition was filed in August of 1993 when we made these allegations and filed it in It just so hap pened that it was set for hearing last and that the judge was last In other I did nt do this in response to his being arrested and Im not jumping on the band We being We were just trying to get this case to court for months and months and Brubaker was named as special judge in Brownings cases in Qctober after Tipton attor ney Thomas Lett requested a change of Browning is serving 20 years in prison as a result of a plea bargain Brubaker approved in two child molesting cases April Hamilton said Brubakers alleged acquaintance with of one of the alleged child molesting vic tims is the basis for the bid for postconviction He asks that Brownings convic tion be or that Brown ing be given a new sentencing hearing by a new judge who does not know this where we can go in and get a fair and impartial hearing because I dont think thafs what he According to Judge Brubaker said at the before he passed sentence So that everyone knows where Im coming I want to make a couple of And then he I know this Hamil ton And at that nobody knew he knew this child and he proceeded to give my client 20 Hamilton We took the position that because he knew one of the he was biased in favor of the when he passed sentence against my and then we found out that this victim had in fact lived with Judge Brubaker after the but that there was a fairly longstand ing relationship between the judge and the One of the reasons Brubakejr was called to testify was to clarify his relationship to the according to When I asked him questions regarding his relationship with this at the direction of criminal he plead the Fifth he asserted his rights under the Fifth Amend I think its unfortunate that Judge Brubaker was not able to answer these but he has a constitutional right to assert the Fifth Amendment and its my job and my privilege to work in the context of the so J have no misgivings Special Judge Jack Clinton Circuit presided over Fridays and took the matter under Brubaker was represented by Indianapolis attorney Kevin Chaos reigns in Goma calls on to sort out aid mess Zaire AP The United Nations called oh Washington to mount a militarystyle opera tion to sort out the logistical nightmare that has kept tons of emergency food backed up at Comas tiny airport as thousands of Rwandan refugees Goma rattled to the roar of aid plane after plane A record 36 aircraft landed and a similar number were expected among them a second huge C5 Galaxy carrying more vehicles and But some American planes were forced to circle overhead for hours Monday waiting for the single runway to clear a few have run low on fuel and gone Even when they can a shortage of trucks and workers means little aid actually reaches the 1 million desperate A growing stream of refugees was leaving the scene pf death and squalor behind and returning The number crossing back over the border since it was reopened Sunday was estimated today at said Ray spokesman for the High Commissioner for UndersecretaryGeneral Peter in charge of emergency relief operations in said the United Nations doesnt have the money or staff to feed and care for the It is out of he Wilkinson said the United States needs to step for It is outQf Peter Hansen UndersecretaryGeneral ward and impose a militarystyle operation to ease the crisis on the The Americans could come in and run this airport far more efficiently than its being run right he We hope that will But he noted today that flights were already near ing the airports and transfering responsi bility would fee touchy considering that French forces have run air traffic control since many inde pendent aid workers and some personnel blamed the air traffic fpulups on the French who arrived last month on a humanitarian In Zairian troops have been demanding payments of per The speed and scope of the Hutu refugees flight into Zaire has overwhelmed relief The Hutus fled victorious Tutsi fearing retribution for the massacre of to mostly by Hutu An estimated children have died since Rwandas civil war reignited in early UNICEF said More than are believed to have been sepa rated from their parents as the exhausted refugees suffering from dysentery and hunger swamped At least people have diecf in the camps since most from an explosive cholera Of the i refugees in Goma have died of disease and have returned to Approximate figures as of July TANZANIA 100 miles French Aid begins flowing to refugees After a jumbled start to the relief medicine and water purification supplies are now arriving at refugee camps In Anticipated Monday 30 cargo flights arriving at the Goma a truck convoy from Uganda carrying 540 tons of and a Air Force flight carrying water purification APOrnphld   

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