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Newspaper
Las Vegas Sun
Location
Las Vegas, Nevada, United States of America
Date
Jan 24, 1965
Page
6
Ed Lehman becomes new car manager at Pat Clark Pontiac in Las Vegas where he will help drive business growth in 1965. A Wisconsin native, he has over 20 years in auto sales and runs Lehman Motors on Fremont Street with his wife Louise and four children.
Western Bancorporation posts record 1964 consolidated net operating earnings after taxes of 35.56 million or 1.98 per share on 18.00 million shares. Deposits and loans hit new highs at 24 affiliates, with gross operating earnings rising to 326.94 million and net earnings to 26.45 million. Frank L. King cited bond premium amortization as a key factor.
First Western Financial Corporation votes a 3 percent annual cash dividend paid quarterly and a 5 percent stock dividend. The policy, funded from 1965 earnings of its subsidiary First Western Savings and Loan Association, starts with 74 cents next March 31 to record holders March 19. The plan aims for a minimum 30 cents cash annual payout, with self regulation urged for the industry.
Chicago Illinois Edward J Hellmer president of First Western Savings and Loan Association and Harley F Harmon president of Frontier Fidelity Savings and Loan Association Las Vegas have been appointed to the 1965 Legislative Committee of the United States Savings and Loan League John W Stadtler of Washington DC League president announced this week The United States League is the national trade organization for the savings and loan business representing more than 5100 savings associations The Legislative Committee is responsible for developing the national legislative program for the savings and loan business.
The Nevada savings and loan industry with over a half billion dollars in size will create a professional state organization with Harold P. Braman as its first paid executive director. An office will be set up in Las Vegas, announced by leaders from Nevada Savings Frontier Fidelity Savings First Western Savings Home Savings and American Savings. Braman formerly Nevada’s first professionally qualified savings commissioner, brought in by Gov. Grant Sawyer in 1963, and credited with establishing a nationally praised supervisory program before retiring in 1963.
Wall Street firms weigh a possible year end rally in 1965 as mild profit taking and revived speculative interest appear to lift low in spirits issues. Analysts from Winslow, Cohn & Stetson and others forecast a first half rally with earnings fundamentals driving decisions, while cautious notes stress selective pricing and risk management.
Moore's Supersonic Car Wash will donate that day's proceeds to the VFW Fund, aiding families of disabled local veterans and funding transportation to and from the Veterans Hospital in Long Beach. VFW Day on the 28th will feature car wash pricing of 1.50 and 0.50 for spray wax amid sunny Las Vegas bravado.
Robb C. Johnson sworn in as 1965 chamber president succeeding Walt Casey. James Roosevelt as keynote speaker. New directors listed. Helldorado planning shifts with Bowler and Mesa chosen for rodeo roles. Public meetings on hypnosis for addicts. voter registration drive set with April 3 deadline. Nevada Civil Rights Commission appointment for Earl White announced. YMCA offers 12 week swimming course under Jack Dostal.
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