Allied Holding Company Acquires Four Banks
Allied Holding Company buys four banks and renames them Allied American Bank Allied Kirbyville Bank Allied Spring Bank and Allied Union Bank. 530,210 shares issued bring total to 3,894,398. market value $8,881,018. 1974 resources: $48,683,870. $9,054,460. $18,539,590. $10,808,230. Net earnings rise 20.9 percent in 1974, 20.6 percent over five years, the best five year growth among Texas majors.
MENTIONED IN THIS ARTICLE
Allied American Bank
American Bank & Trust Co
Houston
Allied Kirbyville Bank
Kirbyville State Bank
Kirbyville
Allied Spring Bank
Security Bank
Spring
Allied Union Bank
Union State Bank
Beaumont
Allied
Texas
San Jacinto Regents weigh ending Social Security plan
San Jacinto College Regents debated dropping participation in the Social Security program after a petition signed by 239 of 410 employees. A decision is expected later. Regents reported a spring enrollment record of 8,526, construction progress at North Campus, and declared February 21 a holiday for faculty attending the Texas Junior College Teachers Convention in Houston.
MENTIONED IN THIS ARTICLE
San Jacinto College Board of Regents
Regents
Texas Junior College Teachers Convention
Houston
Defensive Driving Course Promises Insurance Savings in Texas
Governor Dolph Briscoe urges Texas drivers to enroll in the eight hour Defensive Driving Course offered statewide by the Texas Safety Association and the National Safety Council. Graduates receive a 10 percent auto insurance discount for three years. San Jacinto College administers classes. a new session starts Feb. 13 with an $8 total cost.
MENTIONED IN THIS ARTICLE
Dolph Briscoe
Texas
Texas Safety Association
National Safety Council
State Board of Insurance
Briscoe
San Jacinto College
France and Indochina Reach Economic Independence Pacts
On December 29, 1954, France and the states of South Vietnam Laos and Cambodia signed agreements granting them full economic independence.
MENTIONED IN THIS ARTICLE
France
South Vietnam
Laos
Cambodia
City Visited Exempts Deer Park Seniors From Tax
The City of Deer Park completed a pilot program calling 121 homeowners over 65 to inform them of homestead tax relief. Property Appraiser Jerry Murphy met 121 qualifiers. two dead, three moved, 20 not at home after two attempts. Letters sent. The city offers a $10,000 exemption versus a $3,000 state minimum. The program aims to provide relief and will continue next year.
MENTIONED IN THIS ARTICLE
Deer Park
Jerry Murphy
Tom Chivers
City, Hall
Murphy
Chivers
Solar collectors could meet all U S electricity needs says MIT expert
Boston based Walter E Morrow Jr director of Lincoln Laboratory at MIT argues that if 2 percent of current road area were covered with solar collectors and operated at 30 percent efficiency, America could satisfy all electrical requirements.
MENTIONED IN THIS ARTICLE
Boston
Mass
Walter E. Morrow Jr
Lincoln Laboratory
Massachusetts Institute of Technology
CNS
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