Banker Roger Royer Aims Aggressive Community Service
Henry Royer, named president of Merchants National Bank in Cedar Rapids, favors active community involvement and plans to expand bank services. His career spans Duluth banking, grain trade, and retail finance, with a push toward interstate banking and a broader regional footprint under First Bank System.
MENTIONED IN THIS ARTICLE
Bruce Fishwild
Jazette Financial Edito
Merchants National Bank
Cedar Rapids
Iowa
Henry Royer
MNB
Duluth
Park Board
Western Lake Superior Sanitary District
Roger
River Forest
Ill
Chicago
Colorado College
Minneapolis
Pillsbury Co
Upper Midwest
Peavey Co
First National
Minnesota
Northwest Bancorporation
Grand Rapids
Merchants National
Banks of
First Bank System
Cedar Rapids Bank
First Bank
Minnesota Holding Company
Savings and Loan Deposits Rise for Fourth Straight Month
The Federal Home Loan Bank Board reported March deposits into federally insured savings and loan associations increased for the fourth month, though growth slowed from February. S&Ls lent a record $9.6 billion in mortgages in March, a rise from February, marking the largest monthly volume since August 1979 after seasonal adjustment.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan Associations
Federal Home Loan Bank Board
Savings and Loans
Bank Board
S&ls
This Week Watch for Economic Reports and a Teleconnect Talk
Economic schedule highlights March and April reports from Commerce and Labor departments plus a Wednesday talk by Clark McLeod on Teleconnect at the Cedar Rapids Chamber of Commerce. Money rates show current prime at 10.4 percent with assorted securities yields.
MENTIONED IN THIS ARTICLE
Commerce Department
Automobile Industry
Federal Reserve
Consumer Credit
Labor Department
Clark McLeod
Service Corps of
Cedar Rapids
Energy prices dip and rise after OPEC moves
In mid March talk of oil price collapse faded as prices stabilized and even climbed for gasoline due to higher taxes and a shift in market psychology after OPEC's action. A $5 per barrel cut was aimed at stopping further erosion, with modest consumer savings offset by higher pump prices, while analysts see mixed long term effects on the OPEC cartel and non OPEC suppliers.
MENTIONED IN THIS ARTICLE
New York
OPEC
Organization of Petroleum Exporting Countries
Cambridge Energy Research Associates
Cambridge
Mass
Bankers Trust Co
Britain
Norway
Mexico
Also Mentioned on This Page
New Merchants National
Duluth Amateur Hockey Association
Duluth Tennis Association
Cancer Society
Duluth Art Institute
Duluth Ballet Company
Congress
Sears
American Express
Savings and Loan
Its
Esa
Lowa
Millhiser Smith Agency, Inc
Oakland Road
Finance Company
Merrill Lynch
Telerate Systems Inc
Peove
Ickfil-A, Inc
Westdale Mall
Huie H. Woods
Chick-Fil-A, Inc
Buffington
Atlanta
Georgia
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