The Mail-Journal, Volume 27, Number 33, Milford, Kosciusko County, 28 September 1988 — Page 14
THE MAIL-JOURNAL —Wed., September 28,1988
14
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Mutual Federal plans Fidelity acquisition
Mutual Federal Savings Bank, Muncie, announced that it has signed a non-binding Letter of Intent with Fidelity Federal Savings Bank, Marion, providing for the acquisition of 100 percent of Fidelity’s outstanding shares of common stock for $21.50 per share, in cash. The acquisition is subject to stockholder and regulatory approval and the receipt of a fairness opinion from Raffensperger, Hughes and Company. Both parties have agreed to begin work promptly toward completion of a definitive agreement for the acquisition which will contain customary representatives and warranties. The Let-
Bit 1 J \ \ how to go about getting a loan but found that the people at Lake City Bank were so helpful that doing so was simple. Today, as a partner in a catering business, Alexis has had many experiences with Lake City Bank. Not only does she have her checking and savings accounts with us, but because it was so easy for her to get her student loan, she came to us when she was ready to buy her first car. Again, Alexis found helpful people she could count on. Several months ago Alexis needed to buy a vehicle for her growing business. She came straight to Lake City Bank and had the same kind of good experience. / The next time you need a loan for any reason, we hope you remember Alexis and visit the trusted professionals at Lake City Bank. We’ll make it a good experience for you. ... .... ■ , , . . . / ' , FDIC L_JH ».MW..... n, ,y., r— — ■ -'•■ ■ - >7- - ■ ■ .... -<- ■ ■■■ ;• •
ter of Intent and the transaction may be terminated by either party if a definitive agreement has not been signed by March 31, , 1989. Fidelity Federal serves North Central Indiana through three full-service offices and a limited service office. Mutual Federal Serves East Central Indiana through ten offices located in Muncie, Yorktown, Winchester, Warsaw and North Webster. Mutual Federal, with $333,310,000 in assets at June 30, 1988, and Fidelity Federal with $85,675,000 in assets, will result in Mutual Federal Savings Bank’s becoming the sixth largest savings in-
stitution in the State of Indiana. Deposits at Fidelity and Mutual Federal are insured up to SIOO,OOO maximum by the Federal Savings and Loan Insurance Corporation. Fidelity Federal’s Common Stock is traded on the NASDAQ National Market System under the symbol FFMA. Raffensperger, Hughes and Company represented Fidelity Federal Savings Bank in the proposed transaction. Fidelity Federal converted to the stock form of organization on April 1, 1987, through the issuance and sale of 614,400 shares of its Common Stock. Mutual Federal is a federally-chartered
It happened . . .in Syracuse
10 YEARS AGO, SEPT. 14,1978 The Syracuse Church of God will hold a youth kick-off on Wednesday, Sept. 21, from 7-8:30 p.m. The film, “The Haunted Churchbell” will be shown. Refreshments will also be served. Steve Tracey of Syracuse and a member of the Wawasee Kiwanis was speaker for the club meeting on Saturday morning. A resident of the Syracuse community for the past years, is director of marketing for Starcraft Company of Goshen and spoke to the club on the history and origin of the company. The first meeting of the. Primary Mothers Club of Syracuse for the club year was held in the home of Mrs. Mike Mangas with Mrs. Rick Baker and Mrs. David Ridings and cohostesses. A pot-luck dinner was held with the ladies buying recipes of the dishes they enjoyed most. As roll was called the ladies revealed their secret sisters from the past year. Members of the Wawasee Future Farmers of America soil judging team traveled to Clinton Central High School near Frankfort on Saturday, to compete in the Young Farmers Invitation soil judging contest. They came home with many honors. Led by Ed Clayton, who
mutual savings bank headquartered in Muncie. R. Donn Roberts, president of Mutual Federal, stated that “We are very pleased at the prospect of having Fidelity Federal become part of the Mutual family and we anticipate no major changes in bank personnel. Fidelity Federal is one of the strongest capitalized institutions in Indiana. The proposed acquisition is strategically important to our future and will allow us to expand our retail banking market in Indiana. This transaction further represents the strength and stability of our operations in East Central Indiana.” O. Phillip
was top individual in the contest, the team of Mike Tom, Terry Richards, and Jeff Beazley placed second. In addition, Mike Tom finished as fourth high individual overall. 20 YEARS AGO, SEPT. 11,1968 Mr. and Mrs. William Beemer of Syracuse, are leaving on Thursday for Cologne, Germany, as official delegates to the first International Kitchen Industry Symposium to be held in Europe this year. Mr. Beemer will represent the American Institute of Kitchen Dealers of which Beemer Enterprises, Inc. is an accredited / member. Members of the Syracuse Chamber of Commerce are now selling tickets for the dinner meeting which will feature Indiana’s Lt.-Governor Robert Rock as speaker. Mrs. E. W. (Dorothy) Frauhiger, a new member of the Kale Island jet set, returned on Sunday, Sept. 1, from a two-week trip to Hawaii, and is busy telling the girls of the round table about it. She made the trip with an Indiana Elks tour and had as her companion a longtime friend, Dorothy McCulley of Elkhart. Another golfer and fisherman has been added to the community roles in the person of Richard K. Brown, new manager of Budget Investments, Syracuse.
Smith, president and chief executive officer of Fidelity Federal stated that “We look forward to a merger with Mutual Federal. We believe the proposed transaction is in the best interests of our customers, depositors, stockholders and employees.” Measles rate down ATLANTA — Measles, the once-common childhood disease, decreased by 42 percent in the United States last year to 3,652 cases — the first drop in four years, since the record low of 1,497 cases in 1983.
Wawasee high junior Amy Coy was the first student to step from a bus, at exactly 8:20 a.m., Monday morning before the first school bell rang. She’s the blonde daughter of Mr. and Mrs. Carl Myrick. 39 YEARS AGO, SEPT. 11,1958 The second record hop sponsored by the Syracuse Police force will be held Saturday night at the scout cabin. Don Enyeart, chief marshal, said several rules have been established to keep the program at its best. George M. Harvey, eight-year-old son of Mr. and Mrs. Geroge Harvey, appeared on WSBT-TV Channel 22 on 27 August with “Toro” his 3% month old St. Bernard puppy. The program was “Puppies in the Home,” on “Homemakers Time” and George was interviewed by Miss Burnett. There were three other children with their puppies which wee a boxer, a dachshound, and a chihuahua. Toro made himself quite at home in the studio displaying the even temper characteristics of his breed said his owners. George made a hit with the camera men who gave him a personal invitation to visit the studio anytime. Frank Hale, PTA president, announced this week the formation of the PTA executive committee for the 1958-59 year. Included in the roster of officers are Mrs. Beaulah Bushong, Gerald Cramar. The office of the vice presidency, vacant due to the departure from Syracuse of Mrs. Kenneth Foulke, will be filled during a brief election at the first fall PTA meeting scheduled for Tuesday evening, 16 September. Mr. and Mrs. Harold Bartman Jr., are parents of a daughter, Kathryn Ann, born Friday, 5 September at their home in Syracuse. Harry M. VanHemert of Syracuse, president of Educational Map and Chart Service, Inc., was guest speaker at Rotary Club Monday noon. He spoke on No injuries in three accidents at Syracuse Three accidents were investigated by Syracuse Police between last Wednesday, Sept. 21, and Saturday, Sept. 24, with no injuries reported in any of the incidents. Up to $2,500 damage was caused to a 1987 Nissan Sentra when it struck a deer that attempted to cross the road. Jim L. White, 50, Syracuse, was traveling east on CR 700 N when the deer entered his path from the south, threefourths mile west of CR 300E, at 7:40 p.m. Saturday, Sept. 24. Driver inattention contributed to a two-car collision on SR 13,480 feet south of Pittsburgh Street. Douglas A. Price, 18, Syracuse, was traveling north on SR 13 in a 1978 Pontiac Firebird when he struck a 1970 Chevrolet Nova that had stopped to wait for a crossing train. The Nova, driven by Tony Vanover, 19, Syracuse, and the Price vehicle both suffered up to SI,OOO damage in the accident, which occurred at 3:35 p.m. last Thursday, Sept. 22. A hidden wire was pulled from a house at 718 Pittsburgh St., causing up to $2,000 damage to a light meter and entrance wire at the Kenneth Hall home at 1:05 p.m. last Wednesday, Sept. 21. James L. Zuber, 40, Fort Wayne, was traveling east on Pittsburgh Street when the 1988 Ford Semi he was driving struck the wire, which was hidden by tree limbs and leaves.
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the problem of the modern school system. ' 50 YEARS AGO. SEPT. 9,1938 The Ladies of the Round Table will open their coming club season Monday evening, Sept.-12, with a dinner party at the home of Mrs. Edith Latham. A very interesting program for the year is planned. Special events listed by the committee include a recital by- the students of Arnold Beckam, a Christmas party, reciprocity, May Day festival and the year end party. Last Saturday, Patty Stilson, 13 years old, swam across lake
ACROSS: DOWN: 1 To and... 1 Confront 4 Bandleader Artie 2 Small stream 8 Pace 3 Leave out 12 Intent 4 Black eye: slang 13 Pit 5 Ad... committee 14 Mr. Preminger 6 King or mode 15 Scientific 7 Joins metal 17 Attention getter 8 Hockey player 18 Singer John 9 Players 19 Girl’s playmate 10 Native: suffix 21 Moist 11 Sawyer 23 Dissertations: slang 16 At once 26 Sprite 20 Choose 29 Bloody 22 Type of dance Western mountain 24 Knowledge 33 Hole 26 Apiece 35 Period 27 Italian currency 36 Crusty 28 Rubbing 39 Chew at 30 Triumph 41 Amonth:abbr. 34 Scottish cap 42 Feverish 37 Riotous 44 The princess, for short 38 Swine 46 Takeout 40 Swiss city 47 Assigned 43 Tint 51 Arabian governor 45 Chick 53 More solitary 48 Tiny bit 56 Dining or living 49 Cartoon screams 57 King of Norway 50 Fall 58 Ring decision 51 Prior to 59 ..., meeny, moe 52 Pal of Larry and Curly 60 Mac Entire of C & W 54 Mexican cheer 61 Sixth sense 55 Catch “ [z T 5 P z/ 71 _ 7g ————— — —H zo ■ ■7/ 26 z 7 sZ 37 r— — — r/ sz Ss " _ ■■Tre f__ ______
Sweet Adelines to present musical
The Sweet Adelines, from Fort Wayne, will be presenting a muscial program called “Saturday Night Bandstand” on Oct. 8 Ostomy Support Group to meet The next meeting of the Ostomy Support Group will be held Thursday, Sept. 29, 7-9 p.m. in the administrative classroom of Kosciusko Community Hospital, Warsaw. Free cholesterol screenings will be provided by Mendenhall Pharmacy. The Ostomy Support Group meets/ the fourth Thursday of every other month.
Wawaseem from Waco to Sargents Hotel, a distance of two miles in an hour and five minutes. Patty with her father and mother, Mr. and Mrs. Ward Stilson and sister Sally of Anderson, are guests at the Sargent Hotel. Miss Stilson, besides being an expert swimmer, just recently passed the American Red Cross junior life saving tests. . Louis A. Neff, dropped into the Journal office and told the writer he was just 83 years old today, (Friday.) Uncle Lew was bom on the old Neff Homestead, over in Elkhart County, IV2 miles northwest of Syracuse. The little log house that was the Neff home set in the virgin woods of that day.
at the Embassy Theatre. Mark Evans of WAJI will perform as Dick Clark. Other performers include The Barons, a male quartet; the Little River Chorus; The Classic Approach and The Right Arrangement. Direction will be under Ann Hayes of Indiana-Purdue University in Fort Wayne and part of the show’s proceeds will go the Ronald McDonald House. Tickets are available at the box office, 121 W. Jefferson or call 424-5665 for more information.
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