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Show h t (. the, ENTERPRISE v Proposed bank merger would up Citizens assets , tV- rfl e A merging of tradition and prosperity has been requested of the state depart- 1 ment of financial institutions by Kamas State Bank and Citizens National Bank. The two have applied for authority to consolidate as The Citizens Bank. Neal Wilson, senior vice president of both banks, said the merger would have no effect on Kamas or National f (j,;. '.V i .V personnel, but allow the Kamas bank, with current assets of $7.3 million, to expand its loan capacities from $50,000 to $250,000. Gary Harris, president of both Kamas and National, will be appointed president of the consolidated bank should the merger be approved. National has assets of over $23 mon stockholders and directors for seven years," Wilson explained. The merger has formally been under consideration for a year now. million, Wilson said. Lake City. The banks have had Single family dwelling The com- - most significant changes upon consolidation would be the increased lending limit at Kamas, accessibility to credit cards and. capacity to handle major accounts, said Wilson. The only detriment would be psychological, since patrons in Kamas have an identity with Kamas State Bank," Wilson added. On the other hand, since folks in Salt Lake have never heard of Kamas, it will provide a great accepta- units gained 46 percent over the month, from 258 in February to the current tptal of 377. However, the latest figure is 12.3 percent below last March's 430 SFD units. Americans branch okay bility for checks." American Savings and Loan received permission our Tkfcagfiii towers Fir is kiingiista liter the Fire as Started Ansul Fire Extinguishers are the standard by which most others are judged. Not only do they meet or exceed OSHA ana Insurance company standards, they set the standard for excellence and reliability. sure they do what you purchased them for we train your people to use them. And to make t back-u- p and training: n The Ansul Company Norton Safety Products Johpson-JohnsoBacharach Instrument Co. National Draeger 3M Justrite Manufacturing Co. Elkhart Brass Mfg. Co. Brady B0!)d y .Vviw fcM Universal Safety & Fire Equipment Company 156 West Utopia Avenue (2170 So. West Temple) 801 v & i patrons Kamas State services an area of about 6,000 people, Wilson said. The potential assets for a bank in that area would be $10 million. commissioner Banking Smoot Brimhall has scheduled a May 16 public hearing to consider the application. from banking commissioner Smoot Brimhall last week to open a branch on 200 So. and West Temple. American Savings is building a five story office building at the site as part of the new $40 million American Plaza. The best In equipment with the best in Thats Universal Safety & Equipment. Bank, founded in 1907, has no branch offices, Wilson said. Citizens National currently has its main office in Ogden with branches in Roy and Salt County building trails 1977 The number of building permits issued by Salt Lake County during March for all types of living units gained 50 percent over February, but dropped 23 percent from March of last year. The total number of authorized living units in the county for March came to 527, versus 350 last month and 685 units authorized last March. Only multiple family dwelling units increased for the month and the year. During the latest March, MFD units authorized numbered 86, versus eight during February, and 65 during March last year. State Kamas VE VASH VINDOWS 486-231- 3 roiai I 0 IkKjy IRp9(8 IHEOOIDSIlilM v OM 328-938- 4 f |