Insolvent Odessa Bank becomes branch of Western National Bank
Texas Banking Commissioner Kenneth W. Littlefield closed Bank of Odessa at 3 p.m. after declaring it insolvent. The Odessa bank, at 1100 S. Grant Ave, will operate as a Western National Bank branch with FDIC appointed receiver for liquidation. The failure stemmed from loan losses and ongoing operational losses over seven of eight years, with about 12.2 million in assets and 12.7 million in liabilities.
MENTIONED IN THIS ARTICLE
Bank of Odessa
Western National Bank
Texas
Kenneth W. Littlefield
S. Grant Ave
Littlefield
Chilton
Austin
Texas Department of Banking
Odessa
Rts
Littlefield Omega
Federal Deposit Insurance Co
Bob Riley
Midland
OPEC to raise ceiling oil price amid production cuts
Iraqi forces withdraw from the border as talks aim to end the Kuwait dispute. OPEC ministers in Geneva say they will raise the ceiling price after pledges to cut overall world oil production. Market investors expect higher consumer prices if a formal cut agreement is reached.
MENTIONED IN THIS ARTICLE
Baghdad
Iraq
Kuwait
Neis
Persian Gulf
Ministry of Information
Geneva
OPEC
OP Ident
Sadek Bousseaa
One 7
Emirates
United Ara Emirates
New York Mercantile Exchange
Illiam Byers
Bear, Stearns
Haveeen
Issam Abdul al-Chalabi
Schools Safe Despite Electric Lines, TU Says
TU officials report magnetic field tests near B Johnson Elementary show no greater classroom danger than typical homes. Some higher readings near transformers were noted, but the district stresses safety while parents seek clarity amid national leukemia links.
MENTIONED IN THIS ARTICLE
B. Johnson
Lyndon B. Johnson
Amber Drive
House reprimands Rep Barney Frank for using influence
The House voted 408 to 18 to reprimand Rep. Barney Frank over aiding a male prostitute. He apologized saying he should have known better as debate mixed solemnity and emotion and the lightest possible punishment was imposed.
MENTIONED IN THIS ARTICLE
Warengton
House
Barney Frank
Massachusetts
Democrat
Bote
Aiverds
Honduran tied to Camarena case convicted in U S
A Honduran drug trafficker linked to the Camarena killings was convicted in Los Angeles court while the pilot and other defendants were acquitted. The verdict drew criticism from defense attorney Martin Stolar, who called it inconsistent and pressed for further action by U.S. authorities.
MENTIONED IN THIS ARTICLE
Los Angeles
Reston
U.S
Bush signs landmark disability rights act on White House lawn
President Bush signed the Americans with Disabilities Act in a historic ceremony on the White House South Lawn. The law bans workplace discrimination, guarantees access to public facilities, and requires telephone services for the deaf, affecting about 43 million Americans with disabilities.
MENTIONED IN THIS ARTICLE
Washington
White House
Bush
South Lawn
Depree
Alice Gleny
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Gosches Ee Ee
The
John Faught
Frank
William Dannemeyer
Newt Gingrich
John Tee
Ics
Stolar
Camarena
Edward Ae
Inside
North
South Korea
Abby
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