The Baytown Sun (Baytown, Tex.), Vol. 74, No. 30, Ed. 1 Tuesday, December 5, 1995 Page: 3 of 24
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Tuesday, December 5, 1995
THE BAYTOWN SUN
3-A
ES
Charter to buy Texas Bank
None
Interest rates on Treasuiy securities fall
I
WASHINGTON — Interest rates on short-term Treasury secu-
rities fell in Monday’s auction.
The Treasury Department sold $14 billion in three-month bills
at an average discount rate of 5.29 percent, down from 5.32 per-
cent last week. Another $14 billion was sold in six-month bills at
an average discount rate of 5.19 percent, down from 5.25 per-
Charter Bancshares Inc. in a
press release Monday announced
a definitive agreement to acquire
Texas Bank, which has a branch
office in Baytown and Mont
Belvieu, for approximately $4.7
million.
The transaction is subject to the
resolution of certain contingen-
cies by Texas Bank as well as
regulatory and shareholder
approvals but is expected to close
by mid-1996.
As of September, Texas Bank
had total assets of almost $37
million and stockholders’ equity
of $3.4 million. Deposits totaled
$33.6 million and loans reached
$20.6 million. Texas Bank has a
location at 6810 Garth Road in
Baytown and another at 11522
Eagle Drive in Mont Belvieu.
In East Harris County, Charter
currently has a branch in Bay-
town and in La Porte.
William S. Shropshire Jr„ chief
financial adviser at Charter, said
Texas Bank customers can expect
relatively few changes after their
bank switches names.
“The only change we really
expect is Charter will introduce
new services to the community..;
other than that I don’t see any sig-
nificant changes,” Shropshire
Minnie Mae Ware; sister, Mamie
Collins; and brother, Willie Ware.
The family will receive friends
from 7 p.m. until 8 p.m. Tuesday,
Dec. 6, at the funeral home. Bur-
ial will follow the services at
Earthman Memory Gardens
Cemetery.
Pallbearers will be Jason
McRae, Vance McRae, Robert
Prall, Lloyd Fontenot Jr., Michael
Thomas and Boyd Wagner.
Arrangements are under the
direction of Earthman Funeral
Directors.
T"
said
For example, the bank will-,
offer trust and money manage- -
ment services and will have a
cent.
The three-month bill rate was the lowest since they sold for
higher legal lending limit. Anoth-
5.22 percent on Oct.
23. The six-month
bill rate was the low-
er bank specialty is small busi-
ness loans, according to Shrop-
shire.
NATION BRIEFS
est since they aver-
aged 5.05 percent on
Sept. 19,1994. \ s ■■■■■
The new discount rates understate the actual return to investors
Jerry E. Finger, Charter’s chair- -1
man and chief executive officer, *
immediately accretive to earn-
ings, allows Charter to extend our
retail franchise, expand our base,
of loans and core deposits, and
increase the number of customers
we serve.
We believe that the addition of'
Texas Bank, in concert with our* 4
existing locations in Baytown and
La Porte, will create attractive-
synergies for us in eastern Harris -
County and neighboring commu- -
nities.”
Charter Bancshares Inc. is au~
$875 million multibank holding,'!
company with 19 locations in the,
Houston/Galveston area.
SHARP
Thela Mae Sharp, 75, of Bay-
town, passed away on Sunday,
Dec. 3,1995, at her residence.
She was bom on July 10,1920,
in New Boston, to Edgar and Lil-
lie Arterbury. She came to Bay-
town six years ago from Houston.
She was a homemaker and a
member of the Baptist faith.
Survivors include her great
niece, Lavonne Jamie of Bay-
town; grandson, Jerry Wayne
Sharp of Deweyville; nephews,
Charles Henderson of Houston
and Grady Walling of Chan-
nelview; and six great-great
nieces and nephews.
Services are set for 11 a.m.
Wednesday, Dec. 6, at Sterling-
White Chapel on Garth Road,
with Deacon Eugene LeBlanc
officiating. Graveside service will
follow at 2 p.m. at Brookside
Memorial Park in Houston. Visi-
tation will be from 3 p.m. until 9
p.m. Tuesday, Dec. 5, at the funer-
al home.
Arrangements are under the
direction of Sterling-White
Chapel.
for $9,866.30, and 5.42 percent for a six-month bill selling for
$9,737.60.
. SAMUEL RODRIGUEZ
MARTINEZ
Samuel Rodriguez Martinez
went to be with our Father in
Heaven Friday, Nov. 24,1995.
r He was bom June 5, 1948, in
^Houston. He was preceded in
“death by his father, Jesus Cruz
‘Martinez, and his mother, Aurora
‘Rodriguez.
» He is survived by his wife,
iRonda Mae Lester of Dayton;
sons, Michael, David and Jessie,
all of Houston; daughters,
Michelle of Dallas, and Danielle
and Desirae, both of Dayton;
sleven grandchildren; numerous
relatives and friends.
; Services were held Monday,
Nov. 27, 1995, at Harbor Com-
munity Church in Houston.
Sam was well known for his
musical talent as a saxophone
player, and he later became a hot
shot driver in Houston. He will
be missed by all. God has blessed
you, and we will always remem-
ber you in our hearts.
WARE
Services for W. H. Ware Jr.,
will be held at 10 a.m. Wednes-
day, Dec. 6, 1995, at Earthman
Funeral Home.
He is survived by a sistes,
Mayre Potts of Shreveport, La.;
ah well as numerous nieces and
nephews.
] He was preceded in death by
his parents, W. H. Ware Sr. and
for making changes in adjustable rate mortgages, fell to 5.39 per-
cent last week from 5AA, percent the previous week.
WASHINGTON
message about eating lean and monitoring their cholesterol lev-
els. And the increased awareness is paying off with fewer heart
Americans are getting the healthy heart
A cholesterol awareness survey released Monday by the
National Heart, Lung and Blood Institute showed more than 90
percent of Americans know about the risk of high blood choles-
terol. and about three of every four adults have had their blood
cholesterol levels checked.
The study found 79 percent of Americans know there is a
“good” and a “bad” cholesterol, and 69 percent know the desir-
Pentegon says troops
to prepare for Bosnia ;
Producer threatened with subpoena
Perry made a renewed pitch for-
public support for sending Ameri-
can troops to Bosnia as part of a
NATO-led effort to enforce the
peace agreement reached Nov. 21
in Dayton, Ohio. Without U.S.
WASHINGTON (AP) — The
Pentagon ordered 3,800 reservists
to prepare for duty in the Bosnian
peacekeeping operation Monday
and also identified which U.S.-
based Army and Air Force active
forces will be sent to the Balkans.
Defense Secretary William
Perry said he has directed 3,000
U.S. troops in Germany to move
into Hungary as soon as possible.
They will set up staging bases and
road networks for the movement
later this month of the main body
of U.S. peacekeeping troops and
their supplies into patrol areas of
northeastern Bosnia.
At a Pentagon news conference,
WASHINGTON — A House committee chairman is threaten-
ing to subpoena Hollywood producer Harry Thomason, a close
friend of the first family’s, after he refused to turn over docu-
ments detailing his role in the White House travel office affair.
Rep. William Clinger, R-Pa., chairman of the House Govern-
ment Reform and Oversight Committee, has set a committee
vote for Dec, 12 to authorize subpoenas that would compel
Thomason to produce a wide range of records.
“This committee has not received a single explanation as to
why Mr. Thomason has refused to voluntarily cooperate with all
requests from every other investigative body involved in this
matter as well as this committee,” Clinger wrote in a stern letter
last week to Thomason’s lawyer.
Clinger’s letter, obtained by The Associated Press, gives
Thomason a final deadline of Friday.
ground troops in Bosnia, he said, .
FREEMAN
Murphy L. Freeman, 78, of
Crosby, died Monday, Dec, 4,
1995, at a Baytown hospital. Ser-
vices are pending at Frazier
Funeral Home.
the war would reignite. Perry said
this was a crucial opportunity to
make the peace take hold.
“We’re not going in to fight a,
war,” he said. “In fact, for two
and a half years, we have said that
we would not send ground troops
to Bosnia until a peace agreement
is reached. That peace agreement
is now in hand, and that is why
we’re preparing the forces.”
GREEN
Francis C. Green died Monday,
Dec. 4, 1995 in Houston. Ser-
vices are pending at Frazier’s
Funeral Home.
j
—- The Associated Press
Big cities are improving, study says
We predict sunny
skies over Baytown
WASHINGTON (AP) — Contrary to their
images, some of the biggest cities have fared better
than the rest of the country in recent years in terms
of the growth of crime, child poverty and infectious
diseases, according to a new catalogue of urban life.
An organization of public hospitals compiled a
statistical portrait of life in the nation’s 100 largest
cities that are home to 51 million Americans, or one
in five. It found signs of progress in the 25 largest
cities.
compiled from statistics gathered by the Census
Bureau, the FBI, the Centers for Disease Control
and Prevention and the American Hospital Associa-
tion.
The report, funded by the Robert Wood Johnson
Foundation, was an attempt to paint a picture of the
problems confronting big city hospitals, which tradi-
tionally serve large numbers of the poor.
It indicates that in the 1980s, child poverty grew
faster nationally than in the largest 25 cities. So did
violent crime and the percentage of households
headed by single women.
From 1990 to 1993, tuberculosis rates fell 38 per-
cent in the 25 biggest cities while increasing 32 per-
cent nationally. AIDS cases grew 135 percent in these
cities, but 141 percent in the entire United States.
“ Our research shows that some of the larger cities,
still clearly facing uphill challenges, are actually
improving at greater rates than the smaller ones,”
said Dennis Andrulis, president of the National Pub-
lic Health and Hospital Institute.
The chart book on “Urban Social Health” was
Over the five Sundays of
March 1996, The Baytown
Sun will publish Forecast
'96, our annual progress
edition.
And our final Forecast
’96 section will be
“Wrap-Up” on Sunday,
March 31.
On Sunday, March 10,
the topic will be Health
Science and Service
Industries.
People are
commuting
huger to work
Sunday, March 17 will
find us concentrating
on Education, Religion,
Organizations and
Recreation.
That’s a whole month of
excitement... our four best
read editions of the year.
To the citizens of
Baytown
It promises to be our biggest -
and best - special section of
the year... more than 100
pages of the best Baytown and
the surrounding area has to
You are invited to attend Earthman
Funeral Directors Third Annual
Sounds of the Season, Thursday,
December 7, at Earthman Baytown
Chapel, 3919 Garth Road. The holi-
day program is from 6:30 - 8:00 PM
This evening of music and fellow-
ship includes performances by area
school choirs. We will also be
honoring our war veterans.
A Service of Remembrance and
Hope will be presented by
Reverend Doug Guthier of St.
Paul’s Lutheran Church.
Forecast '96 offers you a
chance to tell Baytown and
area readers not only about
your past, but about how
you're prepared for an even
brighter future.
Sunday, March 24, we
will look at Leadership
and Government,
including selection of
our first Citizen of the
WASHINGTON (AP) — Bet-
ter schools and housing and the
convenience of working late
without being stranded at a bus
stop are among the reasons peo-
ple are commuting longer and
leaving public transit for their
cars.
Faced with a commute involv-
ing a bus, two subway trains and
a walk, population researcher
Carol J. De Vita went back to
using her car.
■She gets to her office in down-
town Washington more quickly
and can work late without wor-
rying about being stuck for 45
minutes between buses after
rush hour ends.
For Rebecca Alaniz, the
search for better schools for her
son and an affordable house led
to a longer commute.
“I used to live eight miles
from this building, now I live 62.
I used to leave work about 7 and
get here at 7:30. Now I leave the
van stop at 6:15 to get here at
7:30,” said Alaniz, a Postal Ser-
vice secretary.
America’s changing commut-
ing patterns are set out in a
series of tables compiled by the
Census Bureau from the 1990
national head count.
offer.
Off Sunday, March 3,
well focus on Industry
and Retail & Commerce.
Year.
C
j
Jf you’d like to
be a part of
i Forecast ’96
contact your
Baytown Sun
advertising
representative
/ or call
422-8302.
srecast(
Sounds
of the
Season
!n memory of your loved one or
friend, Earthman Funeral
Directors is providing glass orna-
ments for you to personalize with
their name and hang on our Tree of
Remembrance. The tree will stand
in our lobby until January 2,1996.
If you cannot attend Sounds of
the Season, please stop by our
Baytown Chapel during the month
of December and personalize an
ornament.
For more information on Sounds
of the Season, please call
Earthman Baytown Chapel at
422-8181.
m
llspi
■
m /' „ ..
The Progress F.dition of
^aptohm
December 7,1995
6:30 - 8:00 p.m.
m
at
Earthman
Baytown Chapel
Baytown, Texas
%
V
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Dobbs, Gary. The Baytown Sun (Baytown, Tex.), Vol. 74, No. 30, Ed. 1 Tuesday, December 5, 1995, newspaper, December 5, 1995; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1157857/m1/3/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Sterling Municipal Library.