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Corbin Times Tribune Newspaper Archives Apr 5 1986, Page 3

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Corbin Times Tribune (Newspaper) - April 5, 1986, Corbin, Kentucky Business beat a a was the times Tribune weekend edition april 5-4,1984�?3 dance for heart to be held Sun. Lynn Cooper elected director the stockholders of the Cumberland Valley financial corporation met on March 10, 1986, and elected Lynn Cooper to the Board of directors. Cooper is president and chief executive officer of the Corbin Deposit Bank of Corbin. Cooper is a graduate of the Kentucky school of banking and the leu school of banking of the South. Awards and recognitions include who a who of Bank executives of the United states honorary Secretary of state Kentucky colonel and in 1981 was named the outstanding Young Man of Kentucky. Active in civic affairs he is currently on the Board of directors of the Corbin Industrial commission and Corbin chamber of Commerce. He is also a member of the Knox county Enterprise zone advisory Council. Cooper is also a member of the Corbin Lions club Corbin rotary club and is on the executive committee of the Corbin revitalization committee for downtown Corbin. Also Active in Church work Cooper is presently a Deacon and sunday school teacher for the Central Baptist Church of Corbin As Well As serving on the finance committee of the Church. Cooper and his wife Jerri have three children and reside in Corbin. Also re elected to the Board of directors at that meeting were Don Chestnut Tom Craft Elmo Greer Elmo Lee Greer George w. Griffin jr., Warren b. Little and Thomas j. Run. Cumberland Valley financial corporation is the holding company which owns Cumberland Valley National Bank and Corbin Deposit Bank of Corbin. Volunteers from the London Corbin area will participate in dance for heart sunday april 6,2-5 . At the Harvest inn Motel. A three hour dance exercise extravaganza dance for heart is sponsored by the new image fitness Center and the Harvest inn Motel London to raise funds for the american heart associations programs of cardiovascular research and education. Dance studios recreation facilities spas health and exercise clubs participate in dance for heart As Pari of a nationwide Effort to fight heart disease and stroke. Dancers collect donations from friends relatives and co workers for every minute they exercise. Each dancer can win Penzes based on the amount of Money collected. Since it began in 1980, More than 200,000 men women and children have danced and exercised in dance for heart events All around the country. The College choir of gods Bible school and College will be performing at the Corbin Church of the Nazarene located at 409 e. Master Street on sunday april 6,1986 at 7 30 . The choir is travelling extensively representing god s Bible school and College in Cincinnati Ohio in numerous churches across the United states. Lynn Cooper few changes expected in savings by Bill Menezes a business writer new York a people who put Money in passbook savings accounts the traditional family nest egg May get a few Perks starting today now that the accounts Are open to unlimited interest but expect a big boost Industry experts say. Hie government ended its 5.5 percent interest ceiling on passbook accounts As the last stage m its six year deregulation of consumer interest rates paid by Banks and savings institutions. A there s no Good reason to boost your Cost of funds by raising the passbook a said Bod Schosberg 8resident of the new York league of savings institutions. A a you May attract some new deposits at the higher rate but you re having a profound and dramatic effect on your Cost of funds on deposits that Are already there without gaining anything by the Industry also is reluctant to change a product that remains popular despite higher returns on other accounts officials said. A a the passbook has a permanence to it a Schosberg said. A you can to go up to 7 percent and then reel it Back to 6 percent a few months Down the line. Stefanie steel a spokeswoman for Citibank a the nations biggest Bank said Citibank had no changes in the works for passport accounts a a but of course we re always reviewing our products and looking at them to see if we need to make any about 75 percent of All american households have at least one passbook or statement savings account totalling about $304.9 billion As of february according to the Federal Reserve Board. Passbook savings have shrunk from $348.4 billion since 1982 As Bank Money Market accounts were introduced but Many savers still prefer them because of stable return unlimited withdrawals and relatively Low minimum balances. A a a lot of people did no to move out of their passbook accounts when in Terest rates were considerably higher a said is. Steel. A a passbook customers seem not to respond to those kinds of the newsletter Bank rate Monitor said its nationwide Survey of 50 Banks and Thrift institutions in the week aided March 26 found that the effective annual yield on Money Market accounts was 6.52 percent just a Point higher than the passbook rate. Merle Norman cosmetics 200 s. Main a the Wolff tanning bed get a Friend to sign up for 15 visits and receive a visit tree 7 visits 20.00 15 visits 40.00 we still have the Uva Uva Tann no Booth Call 523-112 hum my t k Puleff be tax deadline a april 15th time is running out get your tax papers together and give us a Call Toda Yll we offer fast economical efficient service. Kathy Mowery employer services �?�01 matter St. Corbin by. 8-8 . 9-12 sat. Phone 528-9449 Tomte Spring and summer Price break continues is 70 % off Reg. Retail All wearing apparel included no exceptions Bradley coordinates 60% of regular retail sizes 6-20 slightly irregular pants maker Slacks 11.99 Sugg. Retail 23.00 asst. Colors sizes 8-18 Blake Sale Price blazers 24.99 suggested retail 59.00 pants 10.50 suggested retail 21.00 skirts 13.00 suggested retail 26.00 colors red White amp Blue Odds amp ends rack 9.99 blazers pants blouses skirts shorts tops. Values to 55.00 Jantzen Cotton coolers is off colors Navy Cherry mint purple. Great selection ship n Shore Holiday Cambridge a off colors Lilac it. Blue and off White Only 10% Down and no service charge on Lay a Way store hours 9-9 . 1-5 Sun. Pre season Sale 9 casual combo to styled in us Uultt i ton. Weft. Falikm amp 304 main Street Williamsburg by. Pm. 549-3550 Ira. A nest egg with a tax advantage 0 with an individual retirement account you can Deposit up to $2,000 \ annually with All interest and principal tax deferred a til you a. U a retire. A hurry open your Ira on or before april 15th and save on your 1985 taxes. That total a cutt Hottat 100 n. Main Corbin. Kentucky pm. 528-2500 member Odic substantial penalty for Early withdrawal

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