Show Millard Merger plans announced Medical centers f red Stringham Executive citizens health President and Chief Officer of Valley Utah (“VUBN” OTC) and Howard Chairman and McCrady Chief Executive Officer of Valley National Corporation (OTC) announced that and Utah VNC have today Valley signed a definitive agreement for Valley Utah to merge with Valley National VNC will issue 08232 Corporation shares of its common stock to Valley Utah shareholders for each outstanding share of Valley Utah common stock The transaction is valued at $117000000 Valley Utah has granted an option to VNC to purchase 883356 unissued Valley Utah shares at $2800 per share Stringham will continue as President and CEO of Valley Utah The management group will remain in place The agreement is subject to approval of the Federal Valley Utah shareholders Reserve System and the Utah Commissioner of Financial Institutions The transaction is expected to close in early 1987 McCrady said “Valley National Corporation welcomes the opportunity to be a partner in the growth and development of Utah through Valley Utah Valley Utah is a well managed financial institution with a good record and a fine future" “The directors Stringham stated and officers arc pleased to recommend the offer to our shareholders Valley Arizona and Valley Utah have worked together in past years We have similar to providing quality approaches customer services The financial and managerial strengths of the comgincd companies improve our potential for future growth" VNC is based in Phoenix and owns The Valley National Bank of Arizona The Bank is the 22nd largest bank in the United States (based on deposits) and the largest bank in the mountain states As of September 30 1986 VNC had total assets of $103 billion Based in Salt Lake City Valley Utah owns three banks with 35 offices in nine Utah counties In addition Valley Utah operates three other subsidiaries: Valley Valley Leasing Mortgage Corporation Company and Valley Utah Life surance Company Valley Utah had assets of $813 million and capital of $58 million as of September 30 1986 Business Of the fair The Delta and Fillmore Community Medical Centers along with Bcltone Better Hearing Counselors are sponsoring a special Senior Citizens Health Fair on Wednesday and Thursday October 29 and 30 This special Health Fair is aimed at Senior Citizens to help provide them with health care tips information presentations and free laboratory and hearing tests Coordinators of the Health Fair clude Kathy Nielson and Sharon Blad from the Robert Wood Johnson Foundation will be These individuals presenting special presentations to the Citizens Senior ranging from “Lifeline" to "Growing Younger" Also Beltone Better Hearing Counselors will be in our communities to conduct free hearing tests and also cleaning of your hearing aids The Health Fair will go as follows: At the hospitals on Wednesday Thursday and Friday the Laboratory departments will be conducting free Glucose and Cholesterol testing The cholesterol test is a fasting test therefore individuals wishing to have this service should fast for 12 hours prior to having the test On Wednesday at the Delta Community Medical Center Beltone Better Hearing Counselors will be conducting free hearing examinations and cleaning of hearing aids The Beltone people w ill be at the Fillmore Community Medical Center on Thursday to conduct free hearing examinations and cleaning of hearing aids On Wednesday and Thursday at the Senior Citizen Centers Kathy Nielson and Sharon Blad will be presenting special Health Care information during the noon luncheon served to Senior Citizens Also a special presentation will be on "Growing Younger" presented the time to be announced at Wednesdays luncheon Blood pressure checks will also be done at the Medical Centers on Wednesday and Thursday in conjunction with the Health Fair Gather your friends together and come out to the Senior Citizens Health Fair For more information call either or by Dawn Carder Bulletin: ‘Triday October 24 nd National Corporation Valley Utah Bancorporation announce merger plans" According to Russell Wilson manager of Valley Bank’s Delta branch this is a positive move to Perhaps even more important Deltans Russ will remain with us helping to continue the service and personal attention to which we are accustomed The credentials of our local manager are impressive He earned a Masters of from the Business Administration University of Utah and he is a graduate of the Colorado School of Banking's in business A family graduate school which he was working was sold in 1963 At that time his family banker sought him out for a branch manager was needed for town bank The bank was the First State Bank of Salina It was the beginning of Russ Wilson’s banking career- -a career that he has years pursued for Following his service to the Salina bank Russ managed the Manti City Bank It merged with First State Bank and later was purchased by Zion's Bank Next Russ accepted a position in St George with Dixie State and there he formed a real estate department The next move was right across the parking lot to Heritage Savings where loan departhe became ment manager and he was on the Board of Directors He was sought by Valley Bank for the position in Delta due to his agricultural background Thus he once again became an agricultural banker Valley Bank’s Delta branch one of owned by Valley Utah opened in August 1976 It actually a bank and trust company The trust part of the name distinguishes it from other banks and represents an important service The main purpose of a trust is to avoid or defer taxes For example one may choose to make an IRA a trust There are also real advantages in having a trust if one is transferring property Valley Bank has an cellent trust department for individual and other trust funds Retirement plans are an extended offering Presently Delta’s Valley Bank has one part time and seven full time employees When Russ Wilson became 1984 he the manager on October was asked to stay for at least five years for there had been too great a turn over is in managers In his quiet way smiling he related "At my age I’ll stay until retire The b&hk is treating me right hopi that I am doing the same" Here Russ' title is Branch Manager His corporate title is Assistant which makes him an officer His rank as in the total organization branch manager is Number 3 the top ranking If Russ should desire to advance he will have to go into administration or into an entirely different assignment Valley Bank's policy is to announce job openings in an in This allows house memorandum qualified employees the opportunity to advance andor move The bank personnel is given preference Loan rates and savings rates are much the same in all banks Therefore Valley Bank's goal is to provide the best service to its customers and to main competitive in the total rate structure Valley Bank is no discount house Tor Russ Wilson it is most important that his customers leave feeling satisfied and good Maintaining a relationship giving individual personal service and doing the best he can for each customer are priorities Advertising takes a back seat! What happens to a bank when the economy suffers? Total deposits are reflective of retail businesses People What changes would Russell Wilson like to see occur in Delta? He feels that the people should have more pride in their surroundings and with their dividual property There has been he adds a decided improvement just in two years Economically all Deltans face a challenge for they must fill the void created by the departure of construction workers Local farmers must endure the nationwide agricultural Needed here are more depression diverse basic industries and more mining Delta's greatest asset is its people They are Russ states "great" As a former member of Washington County’s school board he is equally proud of Millard County schools He believes and that subjects are taught and he is convinced that his children are receiving good educations at Delta High School Another offering in Delta that Russ particularly appreciates is provided by the Cultural Committee He recognizes the group’s struggle but commends it on a job well done The programs sponsored are enjoyed by and good for growing families Family is paramount to Russ He and his wife have six children Two daughters have graduated from college with teaching certificates (One is teaching and the other is in banking) is currently an Another daughter elementary education major at BYU and his older son is an engineering student at Utah State His younger son is a junior at Delta High and the youngest daughter is a high school freshman Having attended Utah University and with children attending other schools Russ says that he has his pick when it comes to spectator sports! Besides college games Russ also enjoys baseball This year he was especially interested in the Red Sox since Bruce Hurst grew up in the same St George neighborhood with the Wilson children A native of Hatch Utah Russ has fond memories of outdoor life and working alongside his father in the mill Father and son travelsaw family ed to the high country to purchase timber which they in turn sold A great love of nature and the mountains mains a part of Russ Along with his love of the mountains Russ also enjoys hunting and fishing Just this year he and his older son got a five point elk! Needless to provided say this accomplishment satisfaction and pride r years as a banker has and involved learning moving growth For Russ Wilson the career has been Ins a satisfying one Tor his customers both are attention and service personal recognized and appreciated leave when there are no jobs Despite the local recession Delta's Valley Bank have "held there own" deposits primarily due to its excellent services It does the best job in the area with home loans Keith Johnson is doing a fine job with home and consumer loans According to Russ IPP has done a It has acgood job in the community quired many good permanent people as well as those who have had to move away All of these people have contributed to Delta's cultuie and to its Heart Association The American wants you to know the warning signs of a heart attack: uncomfortable pressure fullness squeezing or pain in the center of your chest lasting two minutes or more Pain may spread to shoulders neck or arms Severe pain dizziness fainting sweating nausea or shortness of breath may also occur Seek help immediately Delta City Council Notes Delta City l)as about 57 percent of the county's phone lines and would be the first city to adopt the 91 number Ordinance 107 You could be paying more for a misdemeanor in Delta City Monday night the council adopted a new Utah ordinance which raises the amount of that can be fined for Class B and C misdemeanors from $299 to $1000 and $500 respectively in addition to prison sentencing Council Schedule City council meetings in Delta will now be scheduled on the 2nd and 4th Monday of each month unless cancelled by th? mayor Ruth Hansen said in Mayor September that she hopes the new schedule will help residents plan for meetings they wish to attend Holidays which fall on council dates will automatically meeting postpone the meeting for one week The next Delta City Council meeting is scheduled for Nov 9 1986 by Rob Hender H o Plaza Pub Have live music H m 4 M Get a great gift for as little as $10! 3S Rosemary Pendray & I'am- 3 Use our lay away Buy a gift from us and use our UPS service Delta Drug Top's City Cafe 298 VV Main-Delt- a 864-512- Good Friday & Saturday in November Buy dinner at regular price and get 1 dinner of equal or less value at Vi off 1 Wilson Apples may reduce cholesterol 1 here may be something after all to the old adage “an apple a day keeps the doctor away” The publication Nutrition Research reports that a recent study found eating apples may help to reduce cholesterol levels Cholesterol levels among the group of volunteers weie reduced an average of more than 10 percent after apples were added to their daily diets !! 5t !! tj fi H our lay away Get a gift for everyone in your family Choose from: exercise cycles camping equipment TV’s barbels H VCR’s Kj: weights fishing equipment Hi microwave ovens N n Pi QUALITY ACE HARDWARE 266 W Main-Delt- a K Plaza Steaks - Seafood - Prime Rib Russell 4 bicycles from Jack m Be wise Shop early N Take advantage of our good N selection of toys and use stuffed animals perfume & cologne h m stationery h clever mugs Sat by 30 bank they are urged to do so and-social time! The bank sponsors awaids lor the 4 II annual hanquci u ivcstoik helps sponsor the Junior show and it provides loot balls that aie tossed out at homecoming games It Delta is involved in the also iea Chamber ol Commcice and Russ is m the Rotary Club involvement with Along community Russ Wilson is committed to the "shop at home" policy He admits that this isn’t always possible lor the selection cannot possibly rival the selection ol fered in a metropolitan aiea Ilowcvci and to keep do what they c business here As Russ points oul “I conomically we fool ourselves We don't save by leaving town lot a he cost ol car larger compact cents a mile" gasoline is economy Community involvement is important to the branch manager Anytime bank employees can be helpful in town It’s not too early to shop for Christmas! watches H crystal a Safe Happy Halloween every hi Thurs Ihnrv Oil There are Only 46 shopping days left before Christmas!! This week we are spotlighting: $ I: October 31st 8:30 pm-- l am sPs !5Ii M 4 Costume Party I individual Attention Provided by Valley Bank to sponsor 1023-3- The Delta iTity' CoWiiP''Ufot’id the 911 emergency adopt phone number but'not With an addled 5ti'cdnt per month charge Delta Mayor Ruth Hansen said residents of the county alteady pay for an emergency number to the county She plans to meet with the county commission to see if they will simply alter the emergency numbers and handle the charges Delta City Manager Jim Allen said it would cost about $29000 for the first year of the switch over and about $16000 for the second year owm WCClt 2 Pi 864-278- 4 m k 4 Make sure that your $ dram near That means its time gifts arrive m time for M M to give old Santa a hand! We have Christmas Come in M an excellent selection for stocking I stuffers look through the and order watches catalog makeup m NOW! clothes furniture appliances And Much More! gm jewelry Choose: -- 1 toys cologne candy toys personal care items ji: Hi k Closed Nov 27-2- 8 Reservations Chef’s Palace Too 225 E Main-Delt- a 864-242- 1 N m N h h 4K Service Drug Co 215 W 864-254- $ M |