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Show The National Enterprise, July 20, 1977 of the proposed location, as well as two unit banks, approved but unopened. First Women's Bank and Empire State Bank. Brimhall appeases all five with approval of Sandy banks Logic seems to have simplified Smoot Brimhall' s decision last week regarding ap- applications for two branches and a unit state bank arc under consideration at plications from four branch banks and a unit state bank, all targeted for locations in Sandy. Brimhalls office as well. Without violating state law, the commissioner of financial institutions managed to keep everyone happy by approving all five applications. New Commercial Security Bank of Ogden has requested permission to open a branch on the west side of Main Street between So. Temple and 100 South due to present overcrowded conditions at the Beehive office of Commercial Security at 79 So. State St. A unit Page fifteen National Bank have branches in Heber City. state bank and 10 branches are within .6 miles Organizers for the pending Twelfth Street Bank of First Security in Ogden have filed a second application, this one for First Security Bank of American Fork. Thomas F. Hawkes. Calvin W. Jeppson, Morgan J. Evans. Kelly K. Matthews and Robert Underwood hope to open a unit state Holladay Thrift and Loan hopes to establish the first industrial loan corporation in It has Wasatch County. applied for permission to establish Heber Thrift and Loan in Heber City at 50 N. Main St. Currently, Deseret Federal Savings and Loan, First bank in the central business district of American Fork, population 12,000. Security Bank, and Zions First Mortgage Rates FHA State law forbids a bank to establish a branch in competition with a unit state bank in all cities except Salt Lake. Brimhall ' said by approving Sandy State Bank, he would eliminate the possibility of 8.5 V4 VA 8.5 EFFECTIVE MONDAY, JULY 18, 1977 FHAYAfi' conventional vLt ;n Ivy.; o any additional banks estab- lishing branches in Sandy in the future. it Mortgage Inst Corp,.:'.;.r Peoples; Mrtg.:, Co A,:-- I Prudential But the law does not say a unit state bank cannot open in a . ... ; ; 50,y s :9, 1 123 h Peoeral State .9.000-- $ i JS0 ' city where branches already exist, so Brimhall approved the branches, and three days later, granted a charter to the unit state bank. This fancy legal footwork seems to have pleased the branch applicants. First Security State s Bank and Bank, Trust Co., Valley Bank and Trust, and Walker Bank and Trust Co., as well as the new Sandy State Bank and citizens who voiced concern that a unit state bank would cut off future banking facilities for the citys Bui r. 19'.OOOA.250 .. ;:ivj;None ..Western v 2.oo : ? Zions First NatT ; : 1 .25-- 1 .50 Zions Mortgage : uranam Mortgage torp. Tracy-Collin- v.l i.w-i.j- u ; .. y 9.000-9.50- 0 V 9.000 These rates were obtained by telephone conversation with the above institutions. The rates are correct to the best of our knowledge but their accuracy cannot be guaranteed. 35,000 citizens. Tomorrows Decisions Shouldnt Be MadeWitlffesterday Rets additional action last week, Brimhall approved the application of Beehive Thrift and Loan Corp., a subsidiary of Afco Thrift and Loan Corp., to open an industrial loan corporation in Salt Lake City between 900 E. and Main In Street on So. Temple. Organizing the new bank are Grant C. Afflect, Carvel R. Shafer, Robert M. Bridge and William L. Pulsipher, all directors at Afco. okayed a branch industrial loan office for The Brimhall Lockhart Co. in Logan City, and Weber Valley Bank of Ogden's application for a branch in Riverdale. Lockhart cited changes in customers shopping patterns as a major reason for the loan office, which will serve Logan's surrounding community of 55,000 people. RESULTS. Inventory Control Accounts Receivable Accounts Payable Financial Statements Job Cost With your own computer system from INFORMATION NOW you can have what you want, when you want it. It will cost you less for your data processing than a service bureau. Every installation has resulted in Hinckley Advertising, Inc. 300-Kearns Building Salt lake City. Utah 84101 Telephone Full 364-- 2 1 significant personnel savings. Call us today and it can be installed in your plant and fully operational in 90 days! (manufacturing companies are one of our specialties) Call Clinton Day at: INFORMATION NOW INC!' 12 Service Agency All Media Member Utah Association of Advertising Agencies Payroll (801) 487-80- 92 3475 So. 300 W. ill |