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Show First Western Bank acquired by Zions Bancorporation First Western First Western National Bank has assets of approximately $40 million, with offices in Monticello, Blanding, and Moab. Zions Bancorporation has assets of $5.2 billion. It op- Bancorp- oration will be acquired by Zions Bancorporation according to an agreement signed on October 31, 1994. The three branches of First Western Bank in southeastern Utah will operate as Zions First National Bank branches pending federal regulatory approval. I.D. Skip Nightingale, chairman and president of erates e 115 banking offices in Utah, Arizona, and Nevada. Its subsidiaries include Zions First National Bank, National Bank of Arizona, and Nevada State Bank. First Western National Bank, said, We believe this combination will sig- nificantly An October snowstorm provided good raw materials for this creation on the Diane Johnston photo lawn of George and Bonnie Rice in Monticello. The San Juan Record HOMETOWN NEWSPAPER FOR SAN JUAN COUNTY. UTAH SINCE 1915 November 9, 1994 30 cents Vol79 No 5 Policy may change for approving capital expenditures Getting approval for capital expenditure may be more time consuming for county department heads in the future. On Monday, county commissioners endorsed a policy change that will re- quire department heads to validate the need for capital expenditure in excess of $1,000. The validation will be needed even though the capital expenditure has been budgeted. In the past, the policy has generally been interpreted as if it is budgeted, it is ap- proved. The new policy, if adopted, will stipulate two procedural steps: (1) a request for a capital purchase must be submitted for consideration to county commissioners; and, (2) county commissioners must approve the expenditure before bids are let. The policy was reviewed during a budget presentation by John Fellmeth, deputy clerk auditor, at the November 7 commission meeting. At that meeting, Fellmeth presented a preliminary 1995 county bud- get in excess of $9.5 mil- lion. That amount includes approximately $6 million for the general fund, $2.3 million for B roads, and about $1.4 million for other funds - libraries, tort, lia- bility insurance, centen- nial commission, the toric preservation commishis- sion, et al. Fellmeth noted that the budget is not finalized. He reported that department heads generally have complied with a request by commissioners to reduce their 1994 expenditures by five to six percent. Fellmeth said if the trend continues, 1994 revenue and expenditures may be about equal. In another matter, commissioners deferred signing a proposal to use Tar- geted Allocated Funds to expand a nutrition education program in San Juan County. The proposal, prepared by Dr. Georgia Lauritzen, Utah State University Extension nutrition specialist, would pay for a third person to teach concepts of good nutrition to low income families, particularly families with young children. Commissioners asked Lauritzen to investigate the of securing matching funds to hire the Commisthird teacher. sioner Mark Maryboy said he will ask Elizabeth Washburn of the Navajo Nation Agricultural De possibility San c&EDD 'AiState partment to provide Lau- ritzen with information on programs or funds available from the tribe. In other business, commissioners signed a contract for approximately $24,000 for extra funding for the county program for senior citizens (the county share of the contract is increase full-servic- Nightingale added, We have appreciated the support from all the many people and customers over the past 25 years who have contributed to the success of the local bank in the three communities. We have seen the economy ebb and flow over the our ability to serve the needs of the communities we serve providing additional capital, products, and services. We will be able to consider requests for larger loans than we have been able to accomodate in the past, and our ability to provide real estate financing will be greatly expanded. Harris Simmons, president of Zions Bancorporation, said, We pledge to work hard to maintain the feel and attitude of a local community bank while at the same time making available the resources of a strong regional banking organization. We plan to continue to utilize First Westerns people in the management of this part of our by years in these communi- ties. This agreement will provide new products and new services for our customers, as well as provide strong capital for the growth which the area is experienc- - mg. n A special thanks goes to the directors, officers, and employees of First Western National Bank for having made it so successful, Nightingale added. Gary Jacobson, who now is the executive vice president of First Western, will manage the facilities for Zions Bancorporation. $809), - approved hiring Barbara Roberts as librarian at the county library in Bland-ing, - authorized advertising for a county extension clerk as there were no responses to an advertisement for the position, agreed to write a letter to Job Service in Blanding regarding complaints that Job Service fails to provide proper notification of job in-hou- se - openings to residents of Aneth and Montezuma Creek, - learned that Weminuche Construction of Colorado was awarded the bid for improvements to 2 between Montezuma Creek and the Colorado state line, and learned that U-26- - 19-year-- Romeo Maryboy won the bull riding championship in National competition in El Paso. m 151 Facilitator to mediate tailings decision Doug Sarno, an experienced facilitator from the Environmental Phoenix Corporation in Alexandria, Virginia, is the third-part- y facilitator hired by the Department of Energy to develop a plan for disposing of the mill Monticello tailings. Sarno will work with the Site Specific Advisory Board to make a recommendation on handling the mill tailings. The tailings will either be buried at a site near Monticello or hauled to the White Mesa Mill south of Blanding. The DOE made a recommendation in October to Energy by December 20. The DOE, in turn, will use the SSAB recommendation and recommend a course of action to the Environmental Protection Agency. The EPA then will make the final decision. The SSAB voted against another series of public However, the meetings. SSAB meetings are open to the public. The next regularly scheduled SSAB meeting is November 29 at 6:30 p.m. at the Monticello City offices. Representatives of the White Mesa Ute Tribe petitioned the SSAB for more Native American represen- tation on the SSAB. near Cleal Bradford, a member Monticello. However, public outcry resulted in the hiring of the third party fa- of the SSAB, recently stepped down as executive director of the White Mesa meeting on November that the SSAB will make the rec- Utes. Ute spokesman Eddie Dutchie stated that White d Mesa is on the board following the resignation of Bradford. Two new members of the SSAB will represent Native American interests in the bury the tailings cilitator. Sarno recently completed a similar task as third party facilitator for a cleanup project in Fernald, Ohio. He made it clear in a SSAB 1 ommendation. The SSAB is asked to make a final recommendation to the Department of under-represente- . future. Sarno met with represen- tatives of the Westwater (Please turn to page 8) |