Security Bank Merger Prospects Hinge On Board Action
Security Western Prospects of a merger with Western Bank remained uncertain after an annual meeting of Security Bank stockholders in Coos Bay. A Western Bank proposal was discussed but would need a board vote before submission to stockholders. Wallace Dement, proxy for former president Harry Dement, refused to indicate support.
MENTIONED IN THIS ARTICLE
Security Bank
Western Bank
Coos Bay
Wallace Dement
Sail Action
Frank Meldrum
Harry Dement
Dement
Meldrum
Bank merger details emerge with Western Bank ties
Cementing support for a possible merger, two Western Bank officials who hold stock in both institutions were present. Andy Newhouse, Western Bank lawyer, and Carl Sandstrom, Western Bank controller, joined Security Bank directors Frank Heary and F A Perkins along with executive vice president Charles Poehlitz in the discussion.
MENTIONED IN THIS ARTICLE
Wallac
Cement
Western Bank
Andy Newhouse
Carl Sandstrom
Security Bank
Frank Heary
F. A. Perkins
Charles Poehlitz Indi
Security Bank elects Sam Dement president as merger talks loom
The board, meeting Saturday, elected Sam Dement as president replacing Harry Dement. F A Perkins and Frank R Henry named vice president and secretary. New directors Hollis Mast Elton Schroeder and Dr H H Thomas join a seven member board, replacing Dement and others. The bank plans a Coquille branch with a $90,000 building 60 percent complete, deadline April 1.
MENTIONED IN THIS ARTICLE
Security Bank
Sam Dement
Harry G. Dement
F. A. Perkins
Frank R. Henry
Hollis Mast
Elton Schroeder
H. H. Thomas
Ernie Clausen
Harry Dement
Wallace Dement
F.C. True
State Banking Department
Federal Deposit Insurance Corporation
Justice Department
George Linn
Herbert Thomas Elton Schroeder
Harry
Fred True
Frank Henry
L. Clausen
Sam
Coquille Branch
Security Bank of
Coos County
McKay’s
Market Inn Bow
Mortgages Value in Coos County January Totals Lead by Western Bank
Security Bank of Coos County based in Myrtle Point recorded four real estate mortgages in Coos County valued at 171 000 during January ranking second among lending institutions for the month. Western Bank headed the list with 15 mortgages valued 2 812 878.01. A total of GA mortgages valued at 1 003 490 were recorded in Coos County during the month, compared to 66 mortgages at 2 231 410.10 for January 1970. Other lenders listed include United States National Bank of Oregon Veterans Affairs Farmers Home Administration Coast Savings & Loan First National Bank of Oregon Budget Industrial Loan Plan Weyerhaeuser Employees FCU and 15 miscellaneous mortgages valued at 116 541.61.
MENTIONED IN THIS ARTICLE
Security Bank of
Coos County
Myrtle Point
Western Bank
Pioneer National Tithe Insurance Co
United States National Bank of Oregon
Department of Veterans’ Affairs
Farmers Home Administration
Coast Savings & Lonn
First National Bank of Oregon
Budget Industrial Loan Plan
Weyerhaeuser Employees Federal Credit Union
Dimes drive nets $576 in Myrtle Point area
The March of Dimes campaign in Myrtle Point has raised 9 576 and expects additional funds soon. Local chairman Mrs Delbert Leep thanks numerous women who helped with the Mothers March and lists many participants.
MENTIONED IN THIS ARTICLE
Myrtle Point Area
Delbert Leep
Leep
Rates on interstate calls approved by FCC
General Telephone customers face new interstate long distance rates authorized by the Federal Communications Commission after AT&T filing. The rates took effect at 12:00 a.m. Tuesday January 36 and show about a 3 percent average increase, the first general rise in interstate long distance in 17 years. The increases apply to all interstate service including calls originated by independent non Bell companies. Interstate calls connect states.
MENTIONED IN THIS ARTICLE
General Telephone
Federal Communications Commission
At&t
Teeeday
General Teleephone
Myrtle Point Chamber approves 2275 budget for 1971
Members of the Myrtle Point Chamber of Commerce meet at the Colony Restaurant and approve a 2275 budget for 1971. Treasurer Milton Schroeder reports 762 in dues this week. President Leroy Robinson asks for new members and names Charles Poeblitz to the city council finance committee advisory role.
MENTIONED IN THIS ARTICLE
Myrtle Point Chamber of Commerce
Colony
Jim Howe
Milton Schroeder
Leroy Robinson
Chamber
Vite
Robinson
Charles Poeblitz
Bill Ruhmann
Fairview
Utilities
Leo Schmidt
Ming All
Coast Guard air station sought by Packwood
Senator Bob Packwood introduced legislation to establish a permanent Coast Guard air station at Coos Bay Oregon. An initial $4.2 million appropriation would fund barracks hangar fuel systems and aircraft plus engineering and electronic packages with three light twin engine aircraft and ten officers. Recurring costs would total about $800,000 annually.
MENTIONED IN THIS ARTICLE
Bob Packwood
Coast Guard
Coos Bay
Oregon
Helen Hervey Promoted to Manager at U S National Bank Eugene
Helen G. Hervey has been promoted to manager of the Eugene Account Service Center at United States National Bank. Announcement by C W Pitkin Jr says she joined S National in 1961 at Eugene Main Branch, transferred to River Road Branch in 1962, led the MICA unit at the Eugene center in 1966, a Myrtle Point native with three children and residing on Mayewood Ave in Eugene.
MENTIONED IN THIS ARTICLE
Tabla Dullivamn
Pester
Suen Miges Galt
Oregon
Sam Dement
Patty Poshitta
Ight
Obsis
Salem
Myrtle Petat
Helen G. Hervey
United States National Bank
Oreegon
Eugene
C W. Pitkin Jr
Hervey
S. National
Eugene Main Branch
River Road
MICA
Eugene Account Service
Enter
Hervey Ia
Myrtle Putat
High Wechuul
Sue
Lale
Tammy
Gregg
Lant
Mayewoud Ave
Coos County Population Rises 2.8 Percent in 1970 Census
1970 census puts Coos County population at 56 515, up 2.8 percent from 1960. State population reaches 2,091,385, up 18.2 percent from 1969. Details include age distribution, housing ownership, and income indicators with notes on urban rural classification and dwelling types. Authorities urge purchase of full reports from the Government Printing Office.
MENTIONED IN THIS ARTICLE
Coos Uuity
Bureau of the Census
U U. S. Department Cf Commerce
Coos County
Superintendent of Documents
U. 5
Government Printing Office
Washington
D. C
U. S. Departement of Commerce
Eleven teacher aides join Myrtle Point district
The Myrtle Point School District 41 will receive 96229 dollars in final 1970 71 ESEA Title I funds for deprived students. The advisory committee recommends hiring five teachers and ten aides to work two hours daily in grades one through three and in reading programs at Myrtle elementary schools.
MENTIONED IN THIS ARTICLE
Myrtle Point
ESEA
Myrtle Pr Nt
Myrtle
Rest
Maple School
Great Decisions Southeast Asia talks at Empire Lakes
Hugh Hurt leads a Great Decisions session on Vietnam policy at Empire Lakes Neighborhood Center. The discussion covers Vietnam governance, self determination, Vietnamization, and U S policy options with an opinion ballot on preferred policies and future steps. Ballots will be sent to Washington and state representatives. attendance options include SWOCC library and local meetings.
MENTIONED IN THIS ARTICLE
Swocc History Department
Hugh Hurt
Qincassion
Vietnam
Laos
Empire Lakes
South Vietnam
Asia
Paricipants
U, 5
SWOCC
Informatonsbount
Police probe death in Bridge woman found in Oregon
Police from Oregon State Police and the Cons County sheriff's office investigate the death of a Bridge woman found recently. Authorities seek cause and circumstances. The case remains open as detectives review evidence and interviews.
MENTIONED IN THIS ARTICLE
Oregon
Cons Cownty
Woman found dead near Bridge trailer court named Katheryn Foell
Police identified the deceased as Katheryn Poul ine Foell a 51 year old woman found near the trailer court east of Bridge. The report notes a death case with illicit details pending investigation.
MENTIONED IN THIS ARTICLE
Nowaday
Bridge
Katheryn Pouline Foell
Students named to Southwestern Oregon CC Dean's List
The college announced 13 students from Myrtle Point areas earned Dean's List honors. To qualify, sophomores must carry at least 12 units with a 3.0 GPA. Names include Denise Proud, Donna Fortner, Ruth Hase, Constance Lee, Atlana Lehman, Joyce Little, Joy Myers, Pat Pugh, James Sumerian, Gene Quilmagh Powers, James Smith, and Norwey.
MENTIONED IN THIS ARTICLE
Southwestern Oregon Community College
Myrtle Paint
Ares
Denise l Proud
Donna J. Fortner
Ruth Hase
Constance F. Lee
Atlana Lehman
Joyce F. Lilte
Joy A. Myers
Pat A. Pugh
James Sumerian
Gene Quilmagh
Powers
James R. Smith
Norwey
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Bank
Unti
An Bank
True
Lement
Coal County
Coquille
Poehlitz
SAM Cement
Dimes Drive
Marilyn Luars
Sharon Ray
Carle van Vick
Marian Abel
Judy Dayton
Loren Haley
George McCheilan
Betty Wells
Joan Poebus
Karen Smith
Gloria Wiley
Mellen Gross
Francis Knight
Lois Knight
Wille Harper
Velme Colbert
Delores Rubtard
Deana Fawertt
Searen Farrer
Beverly Pailo
Bomnis Everades
Katie Dams
Cheorrie Cupinski
Mil@read King
MilMe Lackey
Landa Lahes
Port
Coast Guard Air Station
Packwood
Packwoud
Senate
Ecuador
Helen Hervey
U.S. Bank
Coos
Ures
Great
Southeast Asia
Unea Sauuty
Aert Tea
Cain
Corslurs
Dean
Red Devils