Banks Announce Plans for Mutual Savings Bank Purchases
Banks including First Mutual Savings Association Citizens and Builders Savings Bank FSB and Freedom Savings and Loan Association signed a letter of intent to buy 5 Freedom Savings Northwest Florida branches. The Panama City branch worth about 16 million in deposits will go to First Mutual. Liberty Bank will acquire the fourth Pensacola office. total deal valued near 38 million. Oscar Tharp said the moves plus Destin office open will boost coastal region service.
MENTIONED IN THIS ARTICLE
First Mutual Savings Association
FMSA
Citizens & Builders Savings Bank Fsb
Pensacola
Liberty Bank of
Tonment
FHLBB
Citizens & Builders
Oscar Tharp
First Mutual
Destin
Danley Furniture Sold to Kimbrell Inc in Alabama
Danley Furniture Company Inc announced that all assets including 15 stores, three Ethan Allen and five Broyhill galleries, and 11 real estate locations were sold to Kimbrell’s Inc of Alabama on May 31, 1985. Curtis Kimbrell to maintain current Danley branding and Fort Walton Beach staff expect no operational changes. Fort Walton Beach store manager Hubert Craft affirmed continued satisfactory service as Danley operates in the area for 40 years.
MENTIONED IN THIS ARTICLE
L.B. Johnson
Danley Furniture Company Inc
Danley Furniture
Kimbrell’s Inc
Alabama
Curtis Kimbrell
Kimbrell’s
Johnson
Kimbrell
Danley
Fort Walton Beach
Craft
Furniture Trade
Broyhill Galleries
Ethan Allen Gallery
Welch Named Manager of Destin Office for Connelly and Wicker
Richard C. Welch is appointed to manage the Destin office of Connelly and Wicker Consulting Engineers of Jacksonville Beach. Welch, a graduate of Orange Park High School and the University of Florida, holds a Civil Engineering degree.
MENTIONED IN THIS ARTICLE
Welch
Connelly & Wicker, Consulting Engineers
Jacksonville Beach
Richard C. Welch
Destin
Welch Is
Orange Park High School
The
University of Florida
Atlock
Destin Harbor Resort
Gulf
East Pass
Choctawhatchee Bay
Durango Road
Holiday Isle
A Catch 22 Trap Is Being Set by Al Goldman
Al Goldman warns the stock market faces a classic catch 22 as prices cycle up and down. Lower interest rates draw buyers from fixed income, yet foreign money may retreat and force the Fed to raise rates again. Bulls are in control but gains will be selective with modest average advances and few clear winners.
MENTIONED IN THIS ARTICLE
al Goldman
Dow
Fed
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Dave Simpkins
Weekly Market Report
A.G. Edwards & Sons, Inc
Jerry Ogle
A.G. Edwards
Dow. Jones
Tandy
Southern
Mtrs
IBM
Oce Pet