Word: bank
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Dates: during 1950-1959
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...their parents' money-held out against the Depression. Today, in duffel coats and beards, a new generation of expatriates throngs Le Select and Les Deux Magots. But a sizable number of the U.S. exiles, and the most stable group among them, are seldom seen in the Left Bank cafes. They are Negro artists and writers...
Rehwald, who died last summer from injuries suffered in an accident, had received transfusions from the Cambridge Blood Bank. Since the Bank is aided by contributions from PBH, Rehwald's father decided to establish the fund...
Taller than egos, Stetsons or oil rigs, the tallest things in Texas are banks. Busting out all over in an unparalleled boom, their huge buildings dominate the skyline in Dallas, Houston, San Antonio and Fort Worth. Texas has more banks than any other state: 968 with total deposits of $10.4 billion, combined resources of $11.6 billion. Texas bankers succeed by fighting for business like warring supermarket operators on a Saturday afternoon -while also wearing Homburg hats and speaking in muted tones. The man who best combines such Texas talents is taut, wiry, fiercely competitive Fred F. Florence, 67, head...
...compete for loans far from home, perhaps even in New York, where, he concedes, he was born. (His father left that outlandish birthplace to open an East Texas grocery when Florence was an infant.) Raised in the hamlet of Rusk, Florence began by sweeping out the local bank for $15 monthly, at 24 became president of another tiny bank in nearby Alto and later the town's mayor. When a customer asked him to handle a $40,000 purchase of stock in Dallas' Guaranty Bank & Trust Co., Florence got Guaranty to deposit the money in his Alto bank...
Cleaning Up. Republic has lent $1 billion to finance oil drilling, more than any Southwest bank. Florence was a chief mover in bringing Temco Aircraft to Dallas, which in turn helped persuade Chance-Vought to come. He also helped organize Lone Star Steel Co., biggest in Texas. Partly to persuade big Texas borrowers that it was no longer necessary to go to New York, Florence gave Republic the most impressive face in Dallas-a $25 million, 40-story building sheathed in aluminum. The skyscraper has acted as a magnet to bring Dallas such other structures as the new Hotel Statler...