Newspaper Archive of
The Malakoff News
Malakoff, Texas
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February 18, 1976     The Malakoff News
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February 18, 1976
 

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; ........................................ .............................. : Tod Police Report !First Bancorp To Buy Hillsboro Bank Sub00b00_00y00 more competitive in the bank. u l The Federal Reserve Board said the Hillsboro State Bank, Feb. 14, Chief Richard weaving as it traveled South investigation, the driver !i recently approved the pur- established in 1934, has been ing field. chase of the HiUsboro State active in the financial affairs Officer Bill Clark on 90. It ran off the road into the vehicle, Tom Eustace, was Bank by Corsicana-based of that community since its on Highway 90 the ditch on the wrong side of taken into custody for drunk First Bancorp, Inc., it has founding. "Hillsboro State observed a vehicle the highway. After further in vehicle, been announced by Steve Bank has been recognized as a Sutton, president of local strong, conservative bank First Bancorp affiliate Citi- through the years," said Sue Barnett T ,u, For: HOME ,-.i, , COMMERCIAL AUTOMOBILE pea . b. INSURANCE sat presenting: Employers Casualty ,! Employers National, Motors Insurance Corp. Royall Insurance Agency Ph. 489-0520 510 W. Royall Blvd. zens State Bank of Malakoff, Wyatt. along with chairman of the "We are particularly happy board and president Joe E. to have a bank in this area Butler and W.D. Wyatt. join our holding company," With year-end deposits of Wyatt said of the purchase. $12,753,000 and total assets "The majority of our activity of $13,968,000, purchase of is in rural areas, and by using the Hillsboro State Bank will this group of banks, the increase First Bancorp's cur- mortgage company and the rent total assets of $127 insurance company we have million to more that $140 been able to become more million. Completion of the competitive in the financial acquisition is expected in field." March, according to Wyatt. Wyatt said he believes the Hillsboro State Bank will purchase of the Hillsboro become the tenth affiliate of State Bank by First Bancorp First Bancorp, Inc. will be advantageous to the Of the purchase, Wyatt Hilisboro area, making it On Feb. 15, around 9:30 a.m. officer Clark was sent to Highway 31 West where a man went berserk with an axe and was chopping in the front door of a residence. After police arrived on the scene, a Malakoff man was chased by Officer Clark. He was appre- hended and taken to County Jail on a disorderly conduct charge. Around 6:15 p.m., the same day, Chief Wilson and Officer Clark went to investigate a domestic disturbance on Smith Street. No police action was taken. Explaining the concept of the Corsicana-based multi-bank holding company Wyatt said "It is our belief that rural and suburban com- munities have the right to a complete and competitive of banking services. Hillaboro State Bank joins First Bancorp's other af- filiates, First National Bank of Corsicana, Citizens Na- tional Bank in Ennis, Citizens State Bank in Malakoff, South Central Bank in Hutchins, First National bank in Fairfield, Addison State Bank in Addison, First National Bank in Kaufman, First Bancorp Insurance Company and the Old Reli- able M Company. SPECIALS Trees Azelia's ee,Z" s199 ................ ,Pecan Trees 3 to 4 ft. Wax Leaf o ....s.1 G.L C0untqfman; *Shade Trees Landscape Specialist *Blooming Plants Augustine Ceramic Grass Pottery Large Selection Free Plant With Each Purchase & Coupon Garden Baskets | .ms2,, IS49s & I I tlwy. 90 k S598 J PEEK-A-BOO"This photo cloud at dusk near Stex was captured as the sun Harbor. [Sta,-q photo by Lo- peeked out from behind a 3 mi. S. of Mabank', o J r,ane m,U,,el. We know your gas bill has gone up. But ours went up $166,189,000! Feb. 115, ItlIMALAUt'r iIsw-rage a i FRIDAY, FEBRUARY 2Oth 9 A.H. TO 10 P.M. AT... COWBOY HEADQUARTERS LADLES COATS Reg. P NOW Lone Star's annual gas bill is four times what it was just five years ago. The average price Lone Star has had to pay producers for the gas we buy has gone up to about two-and-one-half times what we were paying just one year ago. Because Lone Star must pass on these gas cost increases, your gas bills this winter are substantially higher than they were last year. And further rate increases are required to cover our cost of service. We know you don't enjoy paying these higher utility bills, but we have no other choice. And we believe you would rather have natural gas from Lone Star than the alternate forms of energy such as electricity, wood, fuel oil or coal. Lone Star makes no profit on that .portion of your gas bill which passes on increases in the average cost of gas we buy. In fact, Lone Star Gas Company utility profits have declined 56 per cent since 1972. Even with a full flow-through of its gas costs from the producer to the customer, Lone Star would lose money because of Gross Recei2ts Taxes (those taxes paid to each city uhder our franchises on gross revenues). The only way Lone Star can continue to provide natural gas to its customers is through rates that include all changes in the cost of purchased gas. It is also important that we recover other costs of service that are no longer covered by our margins on gas sold to residential and commercial customers. Our residential and commercial customers are in the enviable position of being able to get all the gas they want. There is NO SHORTAGE OF GAS FOR OUR RESIDENTIAL AND COMMERCIAL CUSTOMERS THIS WINTER! And with your support, we hope to be saying that for [ III II AMERICAN HATS R. $3o.oo.. 20 STRAW HATS ...... ....qw..,. .... $.5 O0 SMALL GIRLS Reg. up ,o =2_=3_= 4 1BLOUSES ,,., .ow MEN'S SUITS 25%, LADLES BLOUSES JEANS 2 Tables $9 s5 LEVI COAT S .... ...:...:...o.... ! 2500 COMFY COATS ..... ......:....o.o.......$ LADIES & MENS TONY LAMA Reg. $79.95 ..... .$5250 Lizzard $97.50...69" S SHIRT SALE KNITS... $]2 s .o,.,o. PERMA-PRESS ..... .s.8", Location Hwy. 31 . , oox ,, Phone Between Athens 8 rHeNs' rxAs 214-675-5590 Malakoff i i I i i i SUITS 25%, LADLES many years to come. Reg. $I.9s Now$9 s5 13" Lone Star Gas , . ., .ow Reg. $13. & $14 Now '7