Ex President Heron Refuses Comment On Arizona Savings Closure
Former Arizona Savings & Loan Assn. president and director Heron James R. Heron said he has no comment on the firm’s closing. He resigned last September and sold his stock to V. F. Kanan of Kansas City, who replaced him. He emphasized no knowledge of the court order and stated no further details. He joined Arizona Savings as president in 1951 and left to focus on personal affairs.
MENTIONED IN THIS ARTICLE
James R. Heron
Arizona Savings & Loan Assn
Heron
V. F. Kanan
Kansas City
Arizona
Phoenix
Arizona Savings
Painter Injured When Board Breaks at Church Window
Alfred Matthews of 910 E. Limberlost Dr. sustained a fractured left wrist and multiple cuts as a scaffold board collapsed while painting windows at First Methodist Church, 915 E. 4th St. He is in good condition at Tucson General Hospital. Matthews works for Arizona Paint Co., 110 S Park Ave.
MENTIONED IN THIS ARTICLE
First Methodist Church
E. 4Th St
Alfred Matthews
E. Limberlost Dr
Tucson General Hospital
Matthews
Arizona Paint Co
Park Ave
Distilled London Gin and Grain Spirits Distributed in Ohio
Bottle labels show vodka 80 and 100 proof and gin 90 proof from 100 percent grain. Gilbey's Distilled London Big Gin and 100% grain neutral spirits listed. W and A Gilbey Ltd Cincinnati and National Distillers Products Co distribute in Ohio.
MENTIONED IN THIS ARTICLE
Gilbey’s
London
W. & A. Gilbey, Ltd
Cincinnati
Ohio
National Distillers Products Company
Tieup To Hit Home Building
The period conflict in Arizona construction seen a work stoppage as engineers strike halts heavy equipment. Contractors and unions engage in talks while unemployment benefits may start for displaced workers though engineers lose eligibility. Plants may shut nationwide impact grows with no immediate end in sight.
MENTIONED IN THIS ARTICLE
Arizona
Ernie Mohamed
Tom Matz
Tucson Rock & Sand Co., Inc
Laborers Union
Teamsters Union
UPI
Wilmot Sand & Gravel Co
Tucson
Don Dunham
Aggregate Assn
Dunham
Tucson Rock & Sand
San Xavier Materials
Columbia
Brian
Teamsters
Laborers
Herman Lown
The
Arizona Savings Deposit Insurance Apparently Nil
Arizona Savings & Loan Association investors are reportedly not protected by state deposit insurance. The Insurance Department of Arizona, after a 1957-58 investigation, says International Guaranty & Insurance Co. of Tangier, Morocco, was not authorized to do business in Arizona and coverage was terminated in 1958. The department has no record of insurance placed since then.
MENTIONED IN THIS ARTICLE
Arizona Savings Deposit Insurance
Arizona Savings & Loan Assn
International Guaranty & Insurance Co
Tangier
Morocco
Forrest Barr
Insurance Department of Arizona
Barr
Arizona
Insurance Department
Arizona Savings
Closed Arizona Savings and Loan Goes Troubled State Officials Take Over
The Savings and Loan League of Arizona says Arizona Savings and Loan Assn. is the only state institution without federal insurance. Junius Driggs notes all other associations are federally insured with deposits protected up to $10,000 per investor. Arizona Savings was closed yesterday and its assets turned over to state official David O. Saunders.
MENTIONED IN THIS ARTICLE
Phoenix
Savings and Loan League of Arizona
Arizona Savings and Loan Assn
Junius Driggs
Arizona Savings
David O. Saunders
Savings and Loan
Federal Savings and Loan Insurance Corp
League
Rose School Job Awarded to M L Abplanalp Co
M L Abplanalp Co won a 211423 dollar contract for a seven room addition at Rose Elementary School Tucson at 800 Michigan Dr. The firm was lowest of five bids and must finish within 210 days. Bids exceeded the district estimate of 175000 with a top bid of 228332. Shipman Dodd Construction Co was second low at 217167.
MENTIONED IN THIS ARTICLE
M. L. Abplanalp Co
Tucson
Rose
Michigan Dr
Shipman & Dodd Construction Co
Arizona Savings Loan Code Under Review By House Panel
The Banking and Insurance Committee in Arizona is redrafting the Savings and Loan Code this summer to fix issues exposed by the closing of Arizona Savings & Loan Assn. Sherman Dent notes changes to allow borrowing on mortgage securities and mentions a possible July session to adopt the code, though he does not advocate a special session. The effort follows a prior failed legislature move and could require a gubernatorial or legislative call.
MENTIONED IN THIS ARTICLE
Arizona House of Representatives Banking and Insurance Committee
Savings and Loan Code
Sherman Dent
Dmaricopa
Dent
Arizona Savings & Loan Assn
Arizona Savings
Arizona Savings Face Legislature Inquiry in 1958
In March 1958 Rep. James N. Corbett Jr. accused Arizona Savings of excessive loans. A House motion for independent inquiry failed, prompting Dent to pursue a follow up as requested. State Supt. of Banks David C. Saunders called the firm soundly solvent.
MENTIONED IN THIS ARTICLE
Fannin
Arizona Savings
James N. Corbett Jr
D-Pima
House
Dent
Corbett
David C. Saunders
Arizona
Also Mentioned on This Page
Painter
Giibeys
Elmer Clark
Lown
Clark
Gray
Engineers
Association
Sd AO al St Diand Merchants
E. Congress
Arizona Savings & Loan
Hha
Broadway
Mall
Auto Air
Neasham Service
Cherry South
Gov
Paul Fannin
Brass
Meeks Dh
Legal Reserve
Title Insurance
Alameda
Eastside
E. Speedway
Winters Music
Bob Heyer
Robert W. Heyer
Arizona Bank
Member
Federal Deposit Insurance Corporation
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