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Abilene Reporter-News, The (Newspaper) - December 4, 1974, Abilene, Texas "WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE WORLD EXACTUY AS IT 94-TH YEAR, NO 169 PHONF 6734271 ABILENE, TEXAS, 79604, WEDNESDAY EVENING, DECEMBER 4, PAGES IN FOUR SECTIONS Prict 15 Cents Associated New Savings Firm Opens Here 1 -V' A new savings and loan m stitution opened morning promising "warm. a nd friendly service lo-'Abilene. Fust Secuntj Saungs Assn, temporal ilj housed in a mobile' home. al-lhe; southwest coinei of N 5th and linkers was introduced'lg the city at a .by Security, presidentiWilliarii E. GUlila'nd." -.Gilliland institution would .stay, temporary shel.ler only untika.; new' building be ed-; on, a .lot-behind -the. mobile; -home.'-! i" BIDS-ARE pJUK backet." ISibn'tfie new build-; ing.'The: contract will be' l'etr; immediately 'thereafter -in Opening capitaliza- tion of 267 stock- holders, "First Security Savings -also has pledgeil'deptisils, -'said the president. much as'5 per. cent don't could say'anyone princU pal The final' hurdle lor opening business, was ;'NpV.-.27V when the i; savings; institution received federal; insurance for .its deposits. of paperwork were submitte'd, said. GillUarid.-It "was.about si year 'earlier: that was granted, The-''jxard' of.. iredori i will, be headed-by Sam :an .Abilene; furniture i'.- x'i Other 'directors- are -.G.yHar-" Staiitoh 'J. .Barrorr, Hobert B. ChiUlfess, 'Stale Sen." Grant 'Jones; "iniond A. McDaijiei Jr., 3'...... Millerman.'L. Glyhn.Riy J. Surovik -and J simes- "son. v.- Board members' ttie he for -which- S4L- -associations lend inosl of then mow, 'Part of the slowdown 'yjus a lack of moilgage funds said home loans He expects the housing i A whole to ihow an upswing soon and said it is
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