The Salina Journal from Salina, Kansas on February 2, 1986 · Page 27
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The Salina Journal from Salina, Kansas · Page 27

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Salina, Kansas
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Sunday, February 2, 1986
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Page 27
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The Salina Journal Sunday, February 2,1986 Page 27 Hoffman steps down as bank's president After serving as president of National Bank of America for about a quarter of a century, C.N. Hoffman Jr., 67, has stepped down from the position. He will remain as chairman of the board and chief executive officer. Richard A. Renfro, who joined NBA as a vice president in 1971, has become president of the bank. Hoffman joined the bank as a loan officer in 1954, and managed the trust department until 1960. In 1961 he became president, and in 1976 was named chairman of the board. Renfro was promoted to senior vice president in 1976 and executive vice president in 1979. In his 15 years at the bank, Renfro's responsibilities have included all lending activities of the bank and also marketing and personnel functions. He is a graduate of Kansas State University and the Stonier Graduate School of Banking. Renfro formerly was associated with Boeing and IBM in Wichita. The new bank president is a member of the board of directors of the Salina Country Club, St. John's Military School and Kansas Bankers Surety Co. He is a member of the Intercollegiate Athletic Council and the Kansas State Alumni Athletic Board. Renfro also sits on the board of Farmer's State Bank of Galva. At the bank's annual meeting last week, Hoffman reported to NBA stockholders that operating income for 1985 exceeded the budget and was somewhat higher than the previous year. Loan losses are expected to be less this year, and, with the prospect of any improvement in Kansas' agricultural situation, Hoffman said he anticipates a substantially greater net profit for 1986. Seven other NBA employees were promoted at the annual meeting. Chris Hoffman in has been promoted to executive vice president. He joined the bank in 1979 as a commercial loan officer and became a vice president and manager of the commercial department in 1980. In 1982 he was promoted to senior vice president and senior loan officer. Hoffman received a degree in business administration and accounting in 1972 from the University of Kansas, and formerly worked for the Bank of Montreal in California. William C. Hoffman has been promoted to lending division head, senior loan officer and senior vice president. He joined NBA in 1981 and became a vice president in 1983. Hoffman is a 1974 graduate of the University of Kansas with a bachelor's degree in history and a master's degree in business. He previously worked for NLT Corp. in Kansas City. Dennis Lull was promoted to commercial loan department manager and vice president. Lull joined NBA in 1976 as an assistant commercial loan officer and became a vice president in 1981. He graduated from Kansas State University in 1973 with a degree in social science, and Business briefs KPL reports income, sales Agency opens new office Renfro Chris Hoffman HI William Hoffman Lull Lamb Stein Vishnefske Bowles Building permits was associated with First National Bank of Topeka before coming to NBA. Don Lamb joined NBA as a commercial loan officer in 1984 and has been promoted to vice president. He received a degree in business in 1976 from the University of Kansas and is a graduate of the ABA National Installment School of Banking at the University of Colorado. Denise Stein has been promoted to • comptroller and vice president. Stein joined the bank in 1979 as an auditor, and became an officer in 1982. In 1983 she became comptroller-assistant vice president. Stein is a graduate of Kansas State University. Mark Vishnefske has been promoted to night operations officer. Vishnefske joined NBA in 1977 on a part-time basis while attending Kansas Wesley an. After graduation in 1981, he assumed supervisory responsibility for the night operations department. Diana Bowles has been promoted Personals to real estate loan officer. Bowles came to NBA in 1982 as a documentation analyst in the commercial loan department. She received an associate's degree from Pasadena College and has worked for Bank of America in California for nine years. Bank officers re-elected were: Max D. Deforest, senior vice president: Larry E. Homeier, vice president; Joyce A. Schultz, assistant vice president: David L. Fancher, vice president: William F. Gilles, vice president; Helen Morrison, vice president; Ronald L. Green, senior vice president; John G. Mortimer, vice president; Micheal Catlin, commercial loan officer; Loren Harris, vice president; Frank M. White, assistant vice president; Fred L. Norris, senior vice president; Carolyn Peterson, assistant vice president; Jeanette G. Smith, assistant vice president; E. Keith Opdyke, senior vice president; Guv L. Bowles, assistant vice president: Ronald L. Walker, general accounting officer: Rex Matlack, assistant vice president and Kenneth D. Bunker, auditor. Elected to the board of directors were: C.N. Hoffman Jr., Robert B. Berkley, Wayne E. Dailey, Robert W. Exline, Robert D. Gordon, James T. Graves, Chris N. Hoffman III, William C. Hoffman, George J. Kern, Vance V. Miller, W.E. Mowery M.D., Gary D. Ray, Richard A. Renfro, Loran Slaughter and Robert M. Stark. KPL Gas Service has reported net income for 1985 was $87.97 million compared to $89.85 million in 1984. Consolidated revenues for 1985 were $1.3 billion. ' Earnings from operations have been adjusted following the mid-year merger of The Gas Service Co. into The Kansas Power and Light Co. The accounting treatment postpones until 1986 the reporting of some revenue otherwise attributable to year-end gas sales from the former GSC system. For the year, energy sales were slighty higher than in 1984. Electric sales rose by 0.9 percent and natural gas sales by 0.2 percent. Net income for the last three months of 1985 was $23.9 million, up $4.4 million from the same period of 1984. Budgeting workshop set A "Budgeting and Forecasting" workshop for the small business owner will be Wednesday from 7 to 10 p.m. at Marymount College, Administration Building, room 232N. The fee is $5. Interested persons should contact Bill Wunder at Marymount. Firm opens Salina office Halsey-Tevis Inc., a 25-year-old interior contracting firm with offices in Topeka and Wichita, has opened a branch office in Salina at 2259 Centennial. John Meiers, a 1971 graduate of Kansas State University, will manage the office. Meiers has 10 years Meiers of sales and Commercial — 2850 S. Ninth, Earthcare Services Inc., relocate building; 671 S. Broadway, Sub & Stuff, restaurant; 124 S. Fifth, Trinity Broadcasting Network Inc., San Bernardino, Calif., 150-foot tower and satellite dish antenna; 2250 Hein, Don Graves, truck service center, foundations; 210 S. Ohio, Salina Board of Realtors, office building; Georgia Avenue north of Augusta, College Park Village, remove five duplexes and construct foundation for nursing center; 1922 S. Ninth, Kurd Plaza, Reglnal Kurd, electronics school; 1100 E. Iron, Reimold Properties, expand convenience store; 1015 W. North, James Gile, footings for building. Commercial addition — 570 YMCA Drive, YMCA, running track, weight room, entrance; 211 S. Santa Fe, Jack and Diane Turner, remodeling; 346 N. Ninth, Charles Waddle, storage and sheet metal fabrication; 639 Max, Church of the Incarnation, enclose stairway; 1019 E. Crawford, Long John Silvers, expansion; South Industrial Area, General Battery, guard shack; South Industrial Area, North American Philips, plant addition; 1809 S. Ohio, remodel IRS building into bingo parlor; 814 E. Crawford, remodel chiropractic office; 109-11 S. Santa Fe, McCoy Christian Books and Supply Store, basement display, stairways and office; 301 N. Santa Fe, Tom Rupp, remodel former lumberyard and office; 122 N. Santa Fe, Nitz and Schutter, remodel. Garages — 316 Indiana Ave., Chris Marcotte; 517 W. Republic, Paul Trible; 215 E. Stimmel Rd., Jess Hughes. Residential additions - 729 N. Third, Jerald White, room addition; 2523 Robin Road, Ronald Blase, room addition; 2137 Fairdale Court, Bill Rogers, room addition and patio cover; 250 N. Columbia, E. Cunningham, screened porch; 132 E. Minneapolis, Jack McDonald, enclosed porch; 715 N. Seventh, Lewis and Phyllis Franklin, workshop and garage; 850 Navajo, David Halford, porch; 917 S. Second, Merle Nelson, porch; 716 Wood, Ken Stoppel, carport; 315 W. Walnut, Anthony Hittner, carport; 1809 Larson, John Gallagher; 429 E. Minneapolis, Larry and Mary Beth Hartman; 805 Windsor, Harold Brandt, patio cover, storage, window awnings, porch cover; 2025 Mission, Jack Sanders, utility building; 2553 Robin Road, John Franklin, addition and garage; 1937 Starlight Drive, Ramon Schmidt, enclose porch; 446 Maple, Kay Nelson, deck cover. Single-family houses — 2309 Linden Drive, Vern Weis Const.; 503 Seitz Drive, Lowell Nightingale; 1505 E. Ellsworth, Mike and Phyllis Sprecker; 411 Jupiter, R.L. Tillett; 700 Neal, Gorrell Constructon Co.; 2159 Linden Drive, Floyd Bennett; 2315 Georgetown Rd., Heline Inc.; 2531 Bret, Lee Haworth Construction Co. Inc.; 2314 Hillside Drive, Baringer Construction. Banks report higher earnings By The New York Times NEW YORK — Continuing a winning streak begun early last year, most of the nation's major banks reported higher earnings per share in the fourth quarter of 1985. But, in a widening debate, there was considerable disagreement over the "quality" of those earnings and the prospect of maintaining them. Of the nation's 15 banks with the greatest assets, 11 reported gains in per-share income. They achieved this, moreover, at a time when many were making significant provisions for loan losses and when their non- interest expenses — outlays for such things as salaries and real estate — were soaring. While all of this capped a year in which most banks' stocks and earnings rose steadily, some Wall Street analysts voiced skepticism. They said the results were often artificially inflated by extraordinary items, such as the sale of real estate or a change in the method of funding pension obligations. Carlin appoints members TOPEKA (AP) - Nadine R. Hyde of Salina and Carol Wiebe of Hillsboro have been appointed by Gov. John Carlin to a 20-member task force to promote the Kansas White House Conference on Small Business to be held April 15 in Wichita. The conference is designed to allow operators of small businesses to express their views to Congress and .the president on the future of small business, identify problems facing small business and increase public awareness of the role of small business in the economy. The last such White House conference was held in 1980. IBM recognizes Groves Randy Groves, a Salina native, has received an "award of excellence" from IBM Corp. for his involvement in designing the new RT personal computer. Groves was in-1 strumental in designing the new computer during the last three years he has been | with IBM in Austin, Texas. IBM considers its RT line ideal for a Groves wide variety of tasks that require more speed and power than ordinary personal computers offer. The computer will be available in March. Groves is a 1974 graduate of Salina High School, and received degrees in electrical engineering and business administration from Kansas State University. Radatz to SCS post Edwin Radatz has assumed the position of hydraulic engineer with the water resources planning staff for the Soil Conservation Service at the state office in Salina. He will be assisting watershed and conservation districts across the state. Radatz has been a design engineer at Salina, and before that was a construction engineer at Howard. He is a Kansas State University engineering graduate and a registered professional engineer. Locke elected president Robert S. "Steve" Locke has been elected president of First State Bank of Junction City. Locke was an FDIC bank examiner for 17 years, finishing his career as district supervisor in Salina, where his family resided from 1978 to 1984. He served as president of Decatur County National Bank for more than a year, and joined the Junction City bank in June 1985. Patrick joins OMLI firm Richard Patrick, Lindsborg, has joined OMLI and Associates, Realtors and Auctioneers as an auctioneer and Realtor. OMLI and Associates of Salina specializes in rural farm sales and all types of auctions. management experience in the interior finishes market. MarketAide wins awards MarketAide Inc. of Salina has won a first-place award from the Great Plains Chapter of the National Agri- Marketing Association for an advertisement it produced for DewEze Manufacturing of Harper. , It also won awards for another DewEze ad and for an advertisement for Lor Al Corp. of Benson, Minn. The entries will go on to national competition. Anywhere Travel, 538 S. Santa Fe, has f opened an office in Lindsborg at 125 N. Main. Koy F. Mol-~ ander will serve as outside sales representative. He is Molander the retired pastor of Assaria Lutheran Church and a former chaplain at St. John's Military School. Wellness firm formed WELLPLAN Inc. has opened at 617 E. Elm, the location of Salina Family Physicians. WELLPLAN will offer wellness services to the community, businesses and individuals in the areas of nutrition, fitness and stress management. Programs include smoking cessation, nutritional analysis, weight control and cardiac rehabilitation, and are directed by professionals under the guidance of physicians. Frank Gilbert, who has a Ph.D. in educational pyschology, is the director of WELLPLAN. Personnel also include Lora Gilbert, a registered dietitian, and Adreinne Gapter, an exercise physiologist with a master's degree from the University of Wyoming. Driscolls become owners LINCOLN — Brian and Elsie Driscoll have become the new owners of Ye Olde Country Store, which sells household and hardware items in Lincoln. The Driscolls, who moved to Lincoln from Connecticut a year ago, also plan to build and operate a greenhouse. The downtown store wil 1 serve as an outlet for the greenhouse, which will focus on bedding plants and herbs. Brian Driscoll has five years experience in the greenhouse business. Trucker opens terminal Jim Palmer Trucking, headquartered in Missoula, Mont., has opened a terminal in Salina at 2359 Hein. Terminal manager will be Jerry Kahler, who has been associated with the firm for 10 years. 9.50% 8.75% 10.70% U.S. GOVERNMENT GUARANTEED BONDS FEDERAL INCOME TAX-FREE* MUNICIPAL BONDS IRAANDKEOGH** RETIREMENT PLANS. • Interest may be subject to state and local taxes "Basedon A-ratedCorporated Bonds Rates Expressed As Yield To Maturity Edward D. Jon»a> Uvnbw N«w YOU Slock ExchaftQ*. IK r Sacufilm invtltor ProUctKn OpOQinn Jaft Schwartz Registered Representative 111 S. Fifth, Salina, Ks. 913-823-5133 (Call Collect) J.ok m«hw.rt» •Think Security THE LONGER THE TERM THE MORE YOU EARN YIELD RATE TERM (MONTHS) 9.629% 9.30% 9.469% 9.15% 9.202% 8.90% 8.881% 8.60% 8.509% 8.25% 8.15% 9.965% 9.50% 60 mo. & longer 48 to 59 mo. 36 to 47 mo. 24 to 35 mo. 12 to 23 mo. 6 mo. 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