Liquidation Proposed By Casey Aims to End Bank Holding Control
Eugene B. Casey of Clarke County, an 11 percent holder in Financial General Bankshares, wants liquidation of the holding company and for banks to buy back shares to regain local control. He estimates shareholders could receive 16 to 20 dollars per share, citing federal regs as a reason. Casey says the Lance group has discussed purchasing his shares. The holding company controls Shenandoah Valley National Bank of Winchester and others within 150 miles.
MENTIONED IN THIS ARTICLE
George M. Stoddart
Eugene B. Casey
Clarke County
Financial General Bankshares, Inc
The
Star Today
Financial General Bankshares
Shenandoah Valley National Bank of Winchester
Winchester
Bert Lance
Lance
Casey
Lance Group
Star
Fed
Federal Reserve System
Financial General Bankshares. Inc
Agreement Said Near in Coal Pact Negotiations
United Mine Workers and coal industry negotiators moved toward a near agreement to end a 99 day strike. Lower level talks reviewed contract language ahead of top negotiators, with officials optimistic but warning the union council and rank and file must approve before ratification.
MENTIONED IN THIS ARTICLE
Washington
United Mine Workers
Justice Department
Mark Sheehan
White House
Jody Powell
UMW
Arnold Miller
Abex Plant Strike By 600 UAW Members Shakes Papermill Road
Local 149 of the United Auto Workers walks out at midnight after contract expiry at Abex Corp on Papermill Road. Six hundred members join 150 nonmembers in a strike as negotiations since February fail to yield a full wage and benefits package.
MENTIONED IN THIS ARTICLE
Abex Corp
Papermill Road
United Auto Workers
Tom Ritter
Local 149
Ritter
Flood watch lifted as showers trim Northern Shenandoah Valley rainfall
Meteorologist Leo Harrison said the flash flood watch ends at noon as the rainstorm failed to deepen and rainfall totals drop from 1.5 inches forecast to about 0.5 inches, with most rain in showers over Winchester. Snowmelt and saturated ground still raised creek levels overnight despite improving outlook.
MENTIONED IN THIS ARTICLE
National Weather Service
Shenandoah Valley
Leo Harrison
The
Weather Service
Harrison
Winchester
Shenandoah Basin
Hostages Freed After Dutch Marines Storm Assen Complex
In Assen Netherlands 60 Dutch marines stormed the four story Trento government building freeing 70 hostages held by South Moluccan militants. Three hostages were lightly wounded and one severely wounded as three attackers were captured.
MENTIONED IN THIS ARTICLE
Assen
Netherlands
Trento
Government Crisis Center
Indonesia
South Moluccas
Palestinian Camps on Red Alert After Israeli Attack Threats
Israel eyed bases in Lebanon in retaliation for a Palestinian raid that killed over 30 Israelis. Prime Minister Begin vowed to strike PLO targets as Arafat claimed heavy Israeli deployments. Syrian forces moved toward Sidon as camps and ports emptied and Beirut hosts extra anti aircraft guns. Washington urged restraint while noting Israel’s security needs. Begin postponed his Washington trip to next Monday.
MENTIONED IN THIS ARTICLE
Jerusalem
U.S
Israel
Lebanon
Menachem Begin
Palestine Liberation Organization
al Fatah
Yasser Arafat
PLO
Sidon
Beirut
Tyre
Sabra
Washington
State Department
White House
Begin
Audley Farms Sold For Two Million Dollars
Clarke County's Audley Farms has been sold for a reported $2 million. Details are on the Area News page.
MENTIONED IN THIS ARTICLE
Audley
Clarke County
Audley Farms
Area News
Assembly
Andy Guest
Alson Smith
Crown
Also Mentioned on This Page
Walled Lake, Mich
Detroit
Pontiac
Janet Acker
White Lake Township
Walled Lake Central High School
Miss Acker
Virginia
Ton
UMWA
Abex
UAW
Lulu Williams
Pany
Douglas Cooper
Charles Orndorff
Roy Griffith
Allen Barr
Fred White
Joe Pendergast
Wayne Sturtz
Anthony Fedele
Earl Potts
Appalachian
Midwestern
Buenos Aires
Argentina
Villa Devoto
New York
Attica
Sadat
Cairo
Egypt
Anwar Sadat
Middle East
Nile Valley
Beni Suef
Justice Ministry
Green Army
J Miles Cary
Inside Today
Our
Our Town
Tastee-Freez
Berryville Ave
Bridge
Abby
Tebow
Spectator
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