The Tyler Courier-Times from Tyler, Texas • 39

Tyler ConrIer.Tlines.Telegrph SUNDAY, JULY 4, 1982 I Elects First Directors Business Briefs American National Bank Corp. has officially changed its name to RepublicBank Corp. The change was announed to allow member banks to change their names in order to reflect their affiliation with the holding company. i Ihrer Gets Honor Meisenheimer announced this week. Meisenheimer said "in order to help our local merchants through these high money cost times, and at the same time improve the looks of our city.

The First State Bank is proud to introduce Operation Mainstreet." Bank officials said they have committed $100,000 low-cost "money with a 12 percent annual percentage rate for exterior improvements to businesses in the downtown area. Each business will be limited to $10,000. Meisenheimer said the loans could not exceed five years and applicants would have to meet other qualifications set by First State. With downtown being slated as phase one of Operation Mainstreet, bank officials said they hope to spread the program to all parts of Gladewater in the near future to "help beautify our city." of taxes, investments, estate planning and insurance. The firm is registered with the state of Texas and with the Securities and Exchange Commission.

Towers also announced the firm's affiliation with Financial Planners Equity Corporation, a financial planning cor- poration composed of leading financial planners from across the nation. FPEC offers research, analysis and marketing services in real estate, energy, agriculture, collectible, commodities, stocks and bonds, and government instruments. Namaco Names Proxy HUNTINGTON, W. Walter "Corky" HeUyer has been elected the new president and chief executive officer of Namaco Industries. Namaco Industries is the parent company of Tyler National Mattress Company.

HeUyer was president, chief operating officer and director of the Chicago-based Columbia Mattress Co. The first boaitjbof director has been elected at American National Bank. David Currey, president of the new bank which is scheduled to open Aug. 2, announced that Ms. Ear-line Barrett, Upton Be all, Currey, Richard (Dick), Grainger, Coy D.

Jones, Ronald Schoebrun and Charles J. Ward were all elected to the board. The bank will open in temporary facilities and construction is slated to begin on the new permanent seven story, 117,000 square foot building once the bank is open. The bank will be located on the bottom floor of the building, with office space Terry Ihrer, a 9-year employee of Tyler Pipe, was named "Mechanic of the Year" by the Texas Motor Transportation Association at their June convention. In addition to his honor, Ihrer won a $500 cash award.

Ihrer is a Class A Mechanic on the day shift at Tyler Pipe's Transportation Department abd specializes in diesel engine and drive train component repair. Ground Broken At Atriums Ground was broken last week on the second construction phase of The Atriums, an office complex on the corner of Paluxy and Shiloh Road, according to Property Services Inc. The addition will complete the complex of developer Dean Bailey. General Contractor for the second phase will be Commercial Constructors of East Texas. Construction finanacing by Tyler Bank Trust.

Permanent financing is by Barclays AmericanBusiness Credit of Hartford, Conn. 'Operation Mainstreet' Begins GLADEWATER The Gladewater First National Bank is launching "Operation Mainstreet," designed to make low-cost money available for exterior improvements to businesses in the downtown area, Bank President George ELECTED V-P. CASHIER Trudy Phares Boynton Awarded on the other six floors. The bank will offer a full line of banking services includ- I an energy lending department. OUR ONLY BUSINESS IS TO HELP YOU BUY OR SELL A BUSINESS.

American Business Franchise Brokers 777 S.Broadway, Suite 201 214-597-1266 'After the stockholders meeting, Currey was officially 1 NO INTEREST 15 DOWN NO INTEREST 18 MONTHS NO INTEREST 18 DOWN I elected as president and Chief Operating officer by the board. The board also named Trudy Phares, vice president and cashier and Sue Marsh was named assistant vice president. Phares has been in banking for the past 12 years with 9 years at Lone Star State Bank in Lone Stae as an executive vice president, She is a Mount Pleasant native and is married to Jerry Phares. Marsh has spent 16 years in banking and was at Rose Capital Bank when it first opened. She is married to Robert Marsh and has one son, Chad, 7.

Purser At Paine Webber Timothy D. Purser, vice president, investments, has been named the new branch manager for Paine Webber in Tyler, Purser has worker with Paine Webber for the past 9Vi years and was previously assistant manager of the Beach-wood, Ohio office. He is a grauate of Southern Methodist University. Insurance Firm Moves Threlkeld-Covington Insurance has opened a new agency at 515 West Southwest Loop 323, in the McCoun Building. All correspondence should be sent to the agency at P.O.

Box 7820, Tyler, 75711. The phone number of the agency is 581-0077. IN Copies on plain paper Debate Set Next Week "Should a Precentage of Interest and Dividend Income be Withheld Automatically For Tax Purposes?" In the July 11 Family Weekly there will be a pro and con debate on the issue. Be sure and read the debate in next week's Family Week- 12 cpm up to 10" 14" I 'Barry Boynton, a new vehicle salesman for Holley Motor Company, Tyler, received an award for his individual performance in selling Chrysler products. Boynton has reached the silver level of recognition in Chrysler's unique Sales Professionals Club.

The program continues throughout the 1982 model sales year with the top 45 Chrysler, Plymonth and Dodge retail sales personnel winning a trip to a three-day national sales conference. TJC Offers Course The Department of Contining Education at Tyler Junior College will offer a non-credit course in Principals of Store Security beginning July 6. The class will meet from 7-9 p.m. each Tuesday for six weeks. Tuition for the course is $6 and the instructor will be Lewis Oswalt, director of Scientific Security Consultants.

Main topics to be discussed include detection and appren-hension of shoplifters, legal aspects and civil liability, employee theft, applicant screening, administrative security, and general security. Registration will be held in the Powell Building 30 minutes prior to the time the class will starts For more information call 597-1536, continuning education department. Republic Elects Officer Leland A. Hodges was elected to the board of directors of Republic of Texas Corp. at the Board's June meeting.

Tyler Bank and Trust is in the process of becoming one of. the banks in the $14.5 billion holding company. Hodges serves as Chairman of the Board of Directors of State Reserve Life Insurance Company in Fort Worth and is the managing partner of Leonard Properties. He is also engaged in the oil and gas business and farming. It was also announced this week that Republic Of Texas Part Delays 8 Starts instantly, shuts (M automatically Energy, time space efficient Economical to buy run.

Canon PLAIN RPER COPIER 1120 118 ty 18 Newspaper Carriers earn while they learn business management! "Service to Tyler Since 1945" Seminar Set A Library 592-1676 NO INTEREST 18 MONTHSNO INTEREST 18 MONTHS 8 A brown bag seminar on investments will be held Thursday at noon at the Tyler library. The seminar will be conducted by George Shannon of E.F.Hutton. Shannon will discuss investment strategies with respects to Certificates of Deposits, bonds, common stocks and money market funds. The major emphasis will be the need for "New Strategies for the Eighties," as a result of changes in federal monetary and fiscal policy, decreasing inflationary expectations and basic changes in the roles played by financial institutions. Specific strategies will' be discussed in the areas of U.S.

Government Securities such as General National Mortgage Association, tax free bonds, common stock industry groups and asset allocations. Shannon will be presenting the recently-published and tape-recorded research of Dr. Edward Yardeni, chief economist for a major brokerage firm, and Fred Fraenkel, director of investment strategy for a major brokerage firm. The program is open to the public and free. Towers Joins FPEC John Towers, president of Towers Associates, an-, nounced his company's affiliation with Financial Planners and the creation of an internal planning department.

Creative Finanacial Planners is a full-service financial planning firm which offers planning strategies in the areas Analysts Hope For Turnaround Whitehouse Station Opening The newest FM radio station in the East Texas area, KFML, 99.3, was supposed to have been on the air Thursday, however, its debute was delayed by a missing transmitter meter. "I was all ready to push the button to put us on the air Thursday, but we couldn't do it because of the meter," station manager Pete Petko said. The missing part was delayed and with the holiday it is not expected to reach Tyler until Tuesday. Petko said the new station vill air contemporary music geared for adult listeners, "anywhere from 29 and on up." The 24-hour station will use a blend of automated and life programing to fill its air time. The station will also carry the Associated Press Network News.

Petko said future plans call for the station to develop its own news department later on. KFML is listed as a class A FM station and will use three -kilowatts of power, comparable to other FM stations in Tyler, which should enable it to cover most of Smith County. Because of Federal Communication Commission rules limiting the number of stations in a city, KFML offices and transmitter are located in Whitehouse. "There wasn't anything NEW YORK (AP -Though the stock and bond markets have shown few signs of life lately, hopes persist on Wall Street that midyear 1982 will mark a turning point in the U.S. economy.

The key figures in the script written by many economists for the next several months are American consumers recipients in the past week of a 10 percent income-tax cut and a 7.4 percent increase in Social Securi spread through millions of pocketbooks, will act as the seeds for a recovery from the recession. If the consumer doesn't respond with enthusiasm, analysts fear that it could be a long dreary summer in the financial markets. Even the optimists generally don't expect any sudden upsurge in economic activity. For one thing, the infusion of money from the tax cut and Social Security benefit increase will be gradual. The unemployment rate, at 9.5 percent for the past twe Worn.

I 4 i (FM space) open in Tyler. months now, stands by itself (FCC) opened one up here be ty payments. If all goes according to plan, that extra money, as a stark argument against cause Whitehouse had no ser- any rapid buildup in consum AH, 'v," v'" vice," Petko said. Petko said the station's advertising department will be working throughout its coverage area instead of targeting Tyler businesses specifically. Majority owners of the new station are Mr.

and Mrs. Gerald Hine of Tyler, Mr. and. Mrs. William Sheehy of Tyler and Petko.

Granada, a trading center on the shores of Lake Nicaragua in Central America, is 100 miles long and 45 miles wide. It was founded in 1524 by the Conquistador Francisco Hernandez de Cordoba. er confidence. And even with a recession that is almost a year old, interest rates remain at levels that can discourage many a would-be buyer of a car, a home, or a new set of furniture. "The business decline is running out of momentum," economists S.

Jay Levy and David A. Levy told subscribers to their letter "Industry Forecast" recently. "However, the economy will move hesitantly and without sustained vigor during the coming three quarters." Pope Turner's Office Department is unique richly classical, representing a concept of solid quality that will make your office both handsome and functional. Visit Pope Turner today for the tools you need to put character into your surroundings. For style for class for that distinctive one-of-a-kind look your office deserves else but Pope Turner! 4 Utl I 2 S3 Cv CD 7 j2 MTUER POPE ACCOUNTING SERVICES, CO.

We offer a comptete bookkeeping and tax service on a monthly fee basis. Free consultation will be offered to our clients. Our office is located at 2101 E. 5th Street, Tyler Phone 592-6592 or 58 1 -2 1 79 FURNITURE CARPETS INTERIORS Front and Broadway-Tyler-(2 14) 592-8277 i.