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Cedar Rapids Gazette in Cedar Rapids, Iowa

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Newspaper

Cedar Rapids Gazette

Location

Cedar Rapids, Iowa, United States of America

Date

Apr 24, 1990

Page

20

Fletcher's Rapids Chevrolet-Geo-Isuzu to relocate in Cedar Rapids

Fletcher's Rapids Chevrolet Geo Isuzu of Cedar Rapids plans to move from its longtime address at 601 First Ave SE after 54 years. General manager Andrew Fletcher says expansion requires more space and a new site will be announced once details are finalized with construction expected to finish by early 1991.

Fletcher Rapids Chevrolet-Geo-Isuzu Cedar Rapids First Ave Andrew Fletcher

Penny Saver Tops Iowa Newspaper Awards

The Cedar Rapids Penny Saver won 15 awards and the Iowa City Advertiser captured seven in the annual judging by Shoppers Guides of Iowa. Penny Saver earned firsts for best self promotion best classified promotion best advertising series and most improved publication. The Advertiser took firsts for best advertising promotion best automotive advertisement and best self promotion.

Cedar Rapids Penny Saver Iowa City Shoppers Guides of Iowa

Jefferson to host two million tofu plant project

A 2 million Japanese soybean processing plant will be built in Jefferson to process 1.5 million bushels of soybeans into tofu. Nichii Corp plans and Gov Branstad announced the project at a Monday news conference. The plant will employ seven to 12 workers and boost local industry. IBP Inc reports first quarter revenue up 0.8 percent to 2.4 billion and net earnings up to 4.4 million. GM plans closing the Pontiac truck plant in 1993 moving production to Linden New Jersey potentially affecting 2300 jobs.

Jefferson Terry Branstad Nichii Corp Iowa General Motors Corp Pontiac, Mich Linden N.J

New oat bran ice cream aims to cut fat and cholesterol

Government researchers unveil Oatrim, a fat substitute from oat bran designed to replace cream in desserts and other foods. George E. Inglett of USDA Peoria says it could hit the market in 2–3 years and may lower blood cholesterol. Taste tests rate it between ice milk and ice cream with far fewer calories and virtually no fat.

Boston George E. Inglett Inglett U.S. Department of Agriculture Peoria U.S. Food and Drug Administration Kraft Procter & Gamble FDA

INB Completes Monticello State Bank Acquisition

Iowa National Bankshares Corp. announces the Monticello State Bank purchase for 7.9 million in cash and 581,580 INB shares. The deal leaves Monticello assets about 185 million and capital 25 million, boosting INB total assets to 870 million and capital to 88 million. Donald Bergman named chairman and CEO, succeeding James Maurice and Louis Morf who retire. INB also owns National Bank of Waterloo, Peoples Trust in Indianola, Delwein State Bank, and Midway Bank in Cedar Falls.

Iowa National Bankshares Corp Monticello State Bank R. Scott Fenner INB Donald E. Bergman James Maurice Louis Morf Monticello Bank National Bank of Waterloo Peoples Trust & Savings Bank Indianola Delwein State Bank Midway Bank & Trust Cedar Falls

Iowa Leads Nation With Cheapest Homes in 1989 Survey

Century 21 data show Iowa at 48,883 and Oklahoma at 49,653 as the lowest state averages. Hawaii tops prices at 228,983 while 40 states stay below the national 100,204 average. the report cites a sellers market in Iowa as prices rise.

Iowa Oklahoma United States Iowa Association of Realtors Iowa Association Century 21 Hawaii Massachusetts New Hampshire New York Rhode Island New Jersey Connecticut Vermont North Dakota South Dakota Arkansas Idaho Montana Kansas West Virginia Louisiana Mississippi Nebraska Missouri Wyoming

Banks of Iowa reports small first quarter loss

Banks of Iowa, based in Des Moines, posted a modest drop in first quarter net income to 5.17 million dollars or 1.30 per share from 5.63 million or 1.44 per share a year earlier. After adjustments, earnings were roughly flat year over year. Total loans stood at 1.52 billion, assets 2.59 billion, deposits 2.10 billion, with stockholders equity at 214.1 million.

Des Moines Banks of Iowa Merchants National of Cedar Rapids

Market declines extend fourth straight session on rate fears

The Dow falls 29.28 to 2666.67 as the market bears broad losses in a session driven by rising interest-rate concerns. Eastern Iowa stocks show mixed moves led by AE GON down and Nash Finch up. big blue chips slide with DuPont and General Electric among losers. Iowa Business Leadership Award honors Deere & Co. chair Robert Hanson at University of Iowa banquet.

Associated Press and Gazette Iowa AEGON Nash Finch DuPont American Telephone & Telegraph General Electric American Express James Robinson III Shearson Iowa City Robert A. Hanson Deere & Co Oscar C. Schmidt University of Iowa College of Business Administration Iowa Memorial Union U of I

Also Mentioned on This Page

Chevrolet Treas Treasury Department Pride Exchange Marion Chamber Barb’s Sixth St IBP Inc Tribune Media Wesley Mfg. & Pro-Mover Prime Mover Sales & Service American Chemical Society Monticello Bank Sale Century 21 Real Estate Corporation BEV U.S Hanson Educational Services Division Thur Tom Anderson Millhiser Smith Agency Oakland Road
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