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Show Pag 2D, lakesid O' 4 ' ' Rvlw, s sw.v,,i- f,,t , . t f v. ' wS'A Stir, GONE w, s s( f tt StStf,t May 6, 1981 s j tf f , Stt, i, , 'u s f vm: "tt, s yt ', FROM ROYS busiest intersection are a Conoco service station (left) and the Bennion Drug which both occupied the southwest corner of the intersection of MOO South a nd 1900 W e si at different times in the past 20 American Savings Building Changes Busy Roy Corner , ROY One of the busiest corners in Roy has changed faces again with the completion of a new building to house the Roy branch of American com-Saving- e Many Roy residents will remember the corner, the southwest long-tim- portion of the intersection of 5600 south and 1900 west, when it served as the location of the Bennion Drug in the late 1950s and early 1960s. The Stan Bennion family owned and operated the drug store for a number of years, later moving the business west on 5600 South and renaming it Roy Drug. A Conoco service station occupied the location after the Bennion Drug and was torn down when Amercan Savings acquired the property. Long before the Bennion Drug, the Lloyd Barrett family service station was located on the corner. R was replaced by a fruit stand owned by Leland Price and operated by him and his family who eventually had the building constructed on the site which was purchased by the fices and a planned 55 offices in Oregon. Neil Willey, marketing director of s. American Savings, said the to the Frei pany plans purchase Myers Savings and Loan Corp of Oregon. That will add an additional 47 offices to the eight already their, The purchase will add $800 million in assets to a company that now has $1.5 billion in assets. . Two more offices will open in Logan and Ogden in May and August, in October, six offices will machines installed. have auto-telle- r Willey said the primary reason for so many branches is to provide service for people with checking accounts. American savings is owned by D. K. Ludwig of New York. The president is D. Gary Alvey of Salt LakeCity.The Roy office is operated by Norma Ashdown, with Belva Hardy and Wendy Shupe as tellers. s n Ben-nion- American Savings is a savings and loan business offering interest on savings at a quarter percent higher than banks can. Savings and loans It housed the drug store and a dry goods store operated by a Hodge family. The 31st American Savings branch in Utah opened its doors on the corner to the public, Monday, and an open house is scheduled Saturday from 11 a.m. to 2 p.m. Free food, gifts, and prize drawings are planned at the open house, according to Operation of ficer Norma Ashdown. provide mortgage money and savings accounts to its customers. They do notandcannotunder federal regulations, offer service to commercial businesses. Other services offered at the Roy office is safety deposit boxes, and IRA and KEOUGH retirement accounts. The addition of the Oregon assets 'and the new offices in Utah will add an $1 billion in assets to the rapidly growing company, Willey said. I American Savings was founded in Utah 54 years ago. It has since expanded to three states, with 35 of- - NEW AMERICAN SAVINGS building INSIDE AND OUTSIDE, the new American Savings building is attractive and architecturally appealing. d . 4 at 5600 South and 1900 West is now completed and business is being conducted with open house set Saturday. years. |