Thrift crisis ends as Ohio czar steps down
State official Robert McAlister closes the thrift crisis by arranging the sale of People's Building and Loan Co. in DeGraff to Merich Group Inc. The deal, contingent on funding and court approval, aims to pay depositors 100 cents on the dollar and ends the S&L upheaval triggered by Home State Savings Bank's collapse.
MENTIONED IN THIS ARTICLE
Columbus
McAlister
Savings and Loan Assurance Corporation
People’s Building and Loan Company
Logan County Common Pleas Court
Richard Celeste
Governor's Office
Democratic Party
Celeste
DeGraff Thrift
Jefferson Building and Savings Co
Steubenville
S&l
Home State Savings Bank
Home State
ESM Government Securities, Inc
Ft. Lauderdale
Fla
Northeast Ohio group plans bid for Columbus paper
The Columbus Citizen-Journal reports a northeast Ohio firm will present a plan within two months to buy the paper from Scripps Howard. Equity Planning Corp of Beachwood is named as the vehicle, with an offering document to be shared with Equity customers in about eight weeks.
MENTIONED IN THIS ARTICLE
Ohio Group Reacies
Columbus
Columbus Citizen-Journal
Northeast Ohio
Scripps Howard Newspapers
Morning Citizen-Journal
The
Citizen-Journal
Equity Planning Corp
Beachwood
Equity
Westgate Mall adapts after Halle's closure and Stouffer’s end
Westgate Mall survived Halle’s loss by shifting tenants including Chi-Chi’s and Waldenbooks. New stores Lamb’s Little World and four food concessions joined as JVJ renovates and plans six new shops in the former Kresge unit. Mall traffic is up versus a year ago with two vacancies, and owners defend the strategy as boosting reach across nearby communities.
MENTIONED IN THIS ARTICLE
Fairview Park
Halle’s
Westgate Mall
Jacobs, Visconsi & Jacobs Co
Westgate
Halle
Stouffer's
Chi-Chi's
Maryann Nielson
Waldenbooks
Hough Bakery
Casual Corners
Lamb's Little World
Lane Bryant
Traveler’s Shop
JVJ
Ss, Kresge Co
Kresge Co
Bowersox
Norman Rosenthal
Rosenthal
Elyria Promotes Lorain County at Cleveland Trade Fair
Elyria joins a Lorain County promotional push for the 1985 International Capital Goods Trade Fair in Cleveland October 18 through 27. Mayor Keys and county officials will prepare materials while Lorain and Port Authority participate. Estimated costs: up to 7000 for city materials and as high as 40000 overall. The venture aims to attract foreign and domestic manufacturers to Lorain County. The police seek a VCR costing up to 1300 to aid investigations including interviews with child victims and crime scene reviews.
MENTIONED IN THIS ARTICLE
Cleveland
Lorain County
New International Exposition and Trade Center
Elyria City
Michael Keys
Keys
Lorain
Lorain Port
Police Department
Rodger Griffith
Griffith
Lorain Wins 450000 Grant For Local Manufacturing Loans
Lorain received a 450000 grant from the U S Department of Commerce to start a revolving loan program for small and medium sized manufacturers. The city will add 150000. loans cap at 150000 or 30 percent of costs with a minimum rate 4 percent below Treasuries. Officials expect at least 60 jobs supported and total investment could reach 1.8 million with private sector input.
MENTIONED IN THIS ARTICLE
Lorain
U.S. Department of Commerce
Alex Olejko
U.S. Treasury
Treasury
Elyria group home gets Gund Foundation grant
Elyria Betterway, a local group home for delinquent youth, received 9 214 dollars from the George Gund Foundation as part of a 1 090 000 dollar quarterly package for 1985. Grants supported school social service and arts agencies in Cleveland and nationwide.
MENTIONED IN THIS ARTICLE
Elyria Betterway
Gund
Grant
Elyria
Betterway
George Gund Foundation
Gund Foundation
Cleveland Area
Also Mentioned on This Page
Nathan Kaib
Martin Kaib
Woodland Ave
Cascade Park
Gene Krebs
Czar
Dispatch Printing
Columbus Dispatch
Daniel Bowersox
Chi-Chi's Restaurant
Stouffer Restaurant
Associated Investors Corp
Ms. Nielson
Lakewood
Rocky River
Westlake
Bay Village
North Olmsted
Miss Liberty
Beachcliff Market Square
Gus
Scott Sleek
Elyria Police Department
Department of Community Development
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