The Allen American (Allen, Tex.), Vol. 18, No. 123, Ed. 1 Sunday, July 17, 1988 Page: 1 of 88
This newspaper is part of the collection entitled: The Allen American and was provided to The Portal to Texas History by the Allen Public Library.
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Gross sales rise
to $2.9 billion
I
See page 3A
See sports, page 11A
Vol. 18, No. 123
2 Sections
Bank fails
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20
P
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‘S
1
Please See BANK, Page 4A
I
Please see LUCAS, page 4A
County judge fears lawsuit by
crowded Collin County inmates
they would get at TDC and that
Please see JAIL, page 4A
ce
Inside:
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GOOD MORNING
—
Lucas seeks resident input to
settle household pet controversy
New owners open Friday
after Allen National fails
What to expect in
District 9-AAAA
Fish Camp counselor Terry Chumbley,
left, unhooks a small catfish for Geoff
Dawes. The pair were at the Allen Parks
and Recreation Department’s Fish Camp
Ten years ago this week: A $1,000
reward was offered for information
leading to the arrest and conviction of
persons who vandalized the Rowlett
Cemetery to the tune of $10,000.
By KIM ROY
Staff Writer
2
appointed by the Texas Association
of Counties.
Opinions/Columns
Movies, TV
County
Religion
Sports
Lifestyles
Classifieds
By KIM ROY
Managing Editor
E
"re
By MARC McDONALD
Harte-Hanks News Service
■ Do you want a limitation on the
number of household pets?
■ If you want to see a limit, what is
it, and should it be based on a maxi-
mum per household or per acre?
The Planning and Zoning
Commission will use the results of
the survey in its review of the city’s
ordinance which limits each family
to four household pets in residential
subdivisions.
The City Council suspended the
ordinance for 90 days at a special
The resulting losses exhausted the
bank’s capital funds and it became
insolvent, he said.
The bank had 18 full-time employ-
ees, two temporaries and 212 share-
holders. Earl. S. Holland Jr. was
appointed chairman and chief execu-
tive officer on March 8 and took over
the presidency on May 27.
Holland, former chairman of United
City Corp., a five-bank holding
company based in Plano, said his
efforts to revive the bank by attract-
ing new investors were unsuccessful
because of the bad economy.
Benchmark Bank, a wholly owned
subsidiary of Quinlan Bancshares,
was paid $6,989,000 by the FDIC to
assume Allen National’s 4,200 deposit
accounts and other liabilities.
The action protects depositors,
regardless of the amount of money
they have in the bank, said Fred
Norris, assistant managing liquidator
of the FDIC’s Consolidated Office in
Addison.
“Each depositor will automatically
Benchmark Bank of Quinlan Friday
reopened Allen National Bank, which
was the state’s 42nd bank to fail in
1988.
Allen National Bank, with total
assets of about $20 million, on Thurs-
day was declared insolvent by the
U.S. Office of the Comptroller
(OCC), and was placed in the receiv-
ership of the Federal Deposit Insur-
ance Corp.
According to Robert J. Herrmann,
OCC’s senior deputy comptroller for
bank supervision, the Allen bank,
which received its national charter on
Feb. 20, 1981, began having prob-
lems in 1984.
Although the bank showed some
improvement after the board of direc-
tors agreed to take measures to
correct its problems, “poor admi-
nistration of the loan portfolio by
management and lax supervision by
the board of directors led to exces-
sive problem loans,” Herrmann said
Thursday in a prepared statement.
Scott Nowling/Staff photo
Monday afternoon where budding
anglers trolled for catfish at a small
impoundment at Brockdale Park on the
northern end of Lake Lavon.
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4B
9A, 10A
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11 A, 12A
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inmates might sue the county
because of the overcrowded condi-
tions at the Collin County Jail.
Speaking via phone from Austin,
Roberts said Collin County is the
only one among Texas’ 20 most
populous counties in which inmates
haven’t already sued because of
overcrowded county jail conditions.
for those who should be in county
jail as a result of crowding by
inmates who should be in state
Private security officers file through the front door of
Allen National Bank Thursday afternoon. The officers
assisted Federal Deposit Insurance Corporation (FDIC)
officials who took control of the bank and closed it at 4
p.m. The early closing caught many depositors by
surprise and -caused problems for people needing their
money. Benchmark Bank of Quinlan assumed the
Roberts was in Austin Tuesday county jail conditions are worsened
meeting with members of a task
1
prisons.
“I don’t care whether (inmates)
sue to go to the (Texas Department
of Corrections) or not,” Roberts
said. “There’s no beds down at the
TDC, so they can sue all they want
to. I’m more concerned that they’ll
sue us for overpopulation (in the
county jail).”
Roberts said that although county
jail inmates might not have much of
a chance of winning a lawsuit giving .
them the right to go to state prison,
they “could win to the effect that
they could get an order from a
federal court ordering the TDC to
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force which is investigating over-
crowded jails. The task force was
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Fresh catch
Scott Nowling/Staff photo
former Allen National Bank deposit accounts from the
FDIC and will operate the bank under the name,
Benchmark Bank-Alien Branch. Officials were unsure
Friday afternoon the extent of personnel changes that
would be made due to the change in ownership. Allen
National was the 42nd bank to fail in the state of Texas
this year.
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Professional Directory! ill 3A
. Earlier, Bobby Taylor, a defense
Collin County Judge Bill Roberts lawyer who has represented
said this week he is concerned that inmates in a lawsuit over jail condi-
tions in Travis County warned that
inmates awaiting transfer to the
Texas Department of Corrections
might sue for the right to go to state
prison.
Taylor said felons being held in
county jails are denied access to the
programs and “good-time” credit
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tion to residents.
The questionnaire, mailed
। r . Wednesday, will go to every person
The Lucas Planning and Zoning who buys water from the city of
Commission has mailed a question- Lucas. The four-question survey
Q naire to gather input on a city ordi- must be returned to the city by July
1 nance that calls for a maximum of 31.
I four household pets per family in The survey contains five
I residential subdivisions. questions:
I The questionnaire was approved ■ Do you live within the Lucas city
I by the Lucas City Council at its limits?
meeting Monday night in accor- ■ Do you live in a subdivision or on
| dance with a policy that requires a rural acreage?
simple majority of elected officials ■ Do you own dogs, cats or similar
to approve any written communica- household pets?
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Sales tax revenue drops
The city of Allen’s sales tax received $338,710 — 3.45 percent
revenue for July, which totaled more than the $327,417 it received
more than $35,000, decreased in 1987 for the same period.
almost 11 percent from receipts for According to State Comptroller
the same period in 1987, according Bob Bullock, his office sent July
to information from the state checks totaling $61.3 million to 915
comptroller’s office. cities that collect a local option sales
m, . * tax of 1 or 1% percent. Allen has a 1
Ihe July payment represents nercen e,iec
taxes collected by monthly filers in P A S: -a, ...
May and reported prior to June 20. . According 0 Bullock, statewide
The city of Allen received a July July payments represent a 14.3
payment of $35,536 — 10.68 percent increase over July 1987.
percent less than the $39,786 e gaining strength in our state
collected in July 1987. economy is being reflected on a
local level, and local governments
The July decrease from 1987 can continue to expect a steady
receipts is the first in 1988. For the increase in their share of sales tax
1988 calendar year, the city has collections,” he said.
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Wedgeworth, Wayne. The Allen American (Allen, Tex.), Vol. 18, No. 123, Ed. 1 Sunday, July 17, 1988, newspaper, July 17, 1988; Allen, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1547987/m1/1/?q=j+w+gardner: accessed June 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Allen Public Library.