Intercom, Volume 9, Number 10, April 1976 Page: 8 of 14
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TANDY CENTER
I m confident that the lease which
Tandy Corporation and Union Bank
have just signed will be good not only
fir both of our firms but also for our
ity, where both O'f is began mir
businesses.
E~nglemai -aid that the prestigiouis
iW x location of Union Bank will un-
i e tionably aid its growth.
We'll be able to give more and bet-
tiir service: and we expect our assets
and deposits to ineea-e - anb t Ially
in the years ahead."
union Bank, fotide i 1920. i
recently located on its original site at
100 Main Street. The present building
a- completed in 1962.
Historically, Union Bank's em-
phasis has been on the retail trade.
beginning in 1974, however, when the
lank was merged with Texas Com-
nerce Bancshares - a $4.5-billion-
assets multi-bank organization
headquartered in Houston - the
hank's efforts have been directed to-
~ard a fully integrated banking pro-
aram with emphasis on commercial,
eOrporate, and retail business. The
ability to share with other member
banks in a $30 million single-loan
t transaction enables the Union Bank to
-rve better the needs and oppor-
Inniti es of its customers.
igleman, a director of Union Bank
lnie 1957, was named chairman of
t he board in 1963. He is also chairman
(f First National Bank of Hurst, which
he founded in 1956. He has also
fundedd three other Dallas-Fort
\\ orth area banks during the past two
codes.
la mes E. Savage was named presi-
i(nt and chief executive of Union
lank in early 1975. Previously, he was
i he founding president of Plaza
commerce Bank in Houston. He
vegan his banking career in the man-
i-ement development program of
T xas Commerce Bank, Houston, in
)67 and served as a vice president in
he bank's real estate division.
Tandy Corporation began in Fort
A orth in 1918 as a supplier of sole
weather and other shoe supplies to
,oe repair dealers in Texas. Charles
a ndy, son of the founder, is primarily
sponsible for building and expand-
the company into today's far-flungGROUNDBREAKING CEREMONIES WERE HELD ON JULY 9, 1975, on the site of
the 19-story office tower scheduled for completion late this year. A bulldozer
went to work immediately following the ceremony. Radio Shack will occupyoffice space in the office tower.
corporation which last year grossed
more than $724,000,000 in sales and a
net profit of more than $34,000,000.
Two corporations have recently
been spun off from the parent Tandy
Corporation to its stockholders. They
are Tandycrafts, Inc., listed along
with Tandy Corporation on the New
York Stock Exchange, and Tandy
Brands, Inc., list ed in i e \ nerican
Stock Exchange.
Tandy Corporatiin i nmw -rimarily
engaged in the manufacturing and re-
tailing of consumer electronics items.
Its chain of Radio Shack outlets in this
country and abroad is nearing 5,000.
Ground for Tandy Center was bro-
ken on July 9, 1975. First phase of the
eight-block project includes the office
tower where Union Bank will be lo-
cated, the three-level parking garage.
a three-level galleria of retail shops.
an ice-skating rink, and extensive re-
modeling of an existing building just
east of the office tower.
A privately owned subway system
will exit passengers directly into the
shopping galleria.
Projected for future phases of
Tandy Center are two additional office
towers and a 500-room hotel.Photos by Bob Matteson and Ben Ortega
C
IN THE BEGINNING ...
THE FIRST SHOVELFUL OF DIRT was
lifted by Mr. and Mrs. Charles D. Tandy,
symbolically beginning construction
work on Tandy Center.NTERCC0iA for April 1976
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Tandy Corporation. Radio Shack Division. Intercom, Volume 9, Number 10, April 1976, periodical, April 1976; Fort Worth, Texas. (https://texashistory.unt.edu/ark:/67531/metadc1764357/m1/8/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.