Chemical seeks twenty million contingency funds for Home State gaps
Chemical Bank CFO Kenneth N. LaVine Jr. said Home State Savings Bank has $140 million lost to ESM Government Securities and $120 million more in asset shortfalls. He cited underperforming mortgages and risky real estate loans, and proposed a $20 million contingency reserve from the state to cover unpredictable losses.
MENTIONED IN THIS ARTICLE
Home State Savings Bank
ESM Government Securities
Florida
Chemical Bank
Kenneth N. LaVine, Jr
Chemical
LeVine
Cincinnati
Home State
AT&T profits rise as price cuts loom for long distance
AT&T reports a 56 percent jump in first quarter profit to 354 million dollars, with revenue up 2 percent to 8.30 billion. The company announces long distance price cuts aimed at saving consumers about 1 billion annually and outlines a push into microelectronics and potential acquisition of Honeywell’s Synertek unit.
MENTIONED IN THIS ARTICLE
WordStar Professional
Marty
CorrectStar
Bullton
James F. Peltz
Pittsburgh
At&t
American Telephone & Telegraph Co
Bell System Telephone
Charles L. Brown
Brown
Honeywell Inc
Synertek
Santa Cruz
Calif
Bangkok
Thailand
Singapore
Munich
West Germany
Santa Clara
Honeywell
New York
Charles Brown
Also Mentioned on This Page
Liberty
U.S
United Auto Workers
Chrysler Corp
United States
Detroit
Japan
Chrysler
Lee Iacocca
Iacocca
American Chamber of Commerce
Tokyo
World Economic Club
Jeep Corp
Toledo
Jeep Here
Conrail
L. Stanley Crane
Stuart M. Reed
Barrett
Alexander Grant & Co
ESM
Government Securities Inc
Hans
Jose Gonzalez
Miami
Jose Gomez
Securities and Exchange Commission
Gomez
EST
Elyria Savings & Trust National Bank
William D. Nielsen
James F. Collier
Dotti L. Bristow
Neilsen
U.S. Steel Corp
Lorain
Western Reserve Manufacturing Co. Inc
Collier
Bristow
Bank
Consumer Credit Department
Continental Airlines
Oees Center
WordStar Software
Clue Apprioabee
Uecreeies Tax
Fy Jgt
Ibaatm
Teenatonal Business
Martine
Elyria
Midway Blvd
Business News
Equity Reserve Credit Line
Cruise Onit
Corip
Equity Reserve
National City Bank
Financial Problem Solvers
National CIV Gu
Aneres
FDIC
Cleveland, Ohio
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