Word: raton
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Interstate banking on the move "The view of the U.S. Government expressed by courts and regulators that savings banks don't compete with commercial banks can only be described as bizarre." Thus said Citicorp Chairman Walter Wriston two years ago at a convention of bankers in Boca Raton, Fla., when he lashed out at regulations that for bid a bank from doing commercial busi ness in another state. But despite those rules, New York's Citicorp has forged ahead in its ambitious plans to begin tap ping the $833 billion pool of consumer deposits held by American savings...
...matter that the Floridian demi-Eden never got semibuilt. Today, nearly 60 years after the Florida land bubble burst, Boca Raton and its environs really are almost beyond realness. The international rich have rediscovered the Gold Coast's Palm Beach County. Though it includes the town of Palm Beach, this incubator for the newly wealthy is snob years distant from that small, code-ridden oasis of blue blood and encrusted money. The Gold Coast nouveaux, for the most part lustier, sportier and much younger than the ancien régime of Worth Avenue, converge from all over the world...
...favorite sport is polo. Center of the action is the four-year-old Palm Beach Polo and Country Club. The P.B.P.C.C. has eleven polo fields (each ten times the size of a football field) surrounded by condominiums, villas and single-family homes. There is also a complex in Boca Raton called the Royal Palm Polo-Sports Club, with seven fields, and the 800-acre Gulfstream Polo at Lake Worth with five more...
...Boca set mostly earn their money from things visible: real estate, high-tech electronics, retail chains, minerals and oil. They are generally in businesses that can be handled over the phone. Floyd and Bonnie Perkins spend most of their winters at their four-bed room home in Boca Raton. According to Bonnie, Floyd calls his oil-and gas-drilling company in Cambridge, Ohio, periodically and asks, "Are we making any money?" Then he says, "O.K., we'll stay another...
...Michael Demarest. Reported by Marilyn Alva/Boca Raton...