Herald & Lantern 22 February '84

1st National, Toms River Takes Over Three Branches

business

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By JOSEPH R. ZELNIK First National Bank of Toms River took over three First Jersey National Bank/South branches in Cape May County last weekend. With those locations in full-service offices in Villas and Rio Grande and a small — but active “counter” in Starn's ShopRite, Rio Grande, came 12,000 accounts and (30 million in deposits, according to Millard J. Younkers Jr., executive vice president for retail banking. First Jersey bought those locations, all Guarantee branch offices, along with one in Court House, earlier this year as part of a 21-banking office acquisition, nine of them in the county. - But federal anti-trust concerns required First Jersey to sell the four to a newcomer. THE GUAPANTEE staffs at the thi ie locations that changed operations stayed with First Jersey and now are staying with

Paul Ekstrom is manager of the Villas branch . Edith Smith in Rio Grande, and Denise Prendergast at Starn’s. “The staff will not change,” said Younkers. “They have developed a very good relationship with the customers and we do not want to disturb that. We want to continue that personal service.” He said the bank will be increasing staff, “especially in the lending area.” ALONG WITH First National Bank of Tom ’s River came its automatic teller, Tom, who replaced First Jersey’s George at Starn’s over the weekend. That was just a matter of “some new components" for George, Younkers said. A Tom machine is due at (he Court House branch “in a couple weeks,” Younkers said. Hie new branches are making the same offers to new customers as the Court House office: free gifts, a free supply of checks, premiums for new deposits, and free safe deposit boxes for one year.

Guard Recruiter Is On Familiar Turf

COURT HOUSE - Sergeant First Class Lewis Peterson, of Vineland, was recently assigned to recruiting duties at the New Jersey Army National Guard supply and support Battalion here, according to Maj. Alfred C. Channels, executive officer of the unit on Crest Haven Road. Peterson is well acquainted with the area and the Guard. Having graduated from Middle Township High School in 1961, he joined the Guard in 1964 and has served here in various administrative

Capaldi: Board Head

SOMERS POINT - The Shore Memorial Hospital Board of Trustees elected Bernard A. Capaldi president at the annual meeting recently. Capaldi, a partner in the CPA firm of Capaldi, Shalick and Reynolds, holds a B.S. degree in Accounting from Villanova University. He served as treasurer from the campaign to elect Richard Squires Atlantic County executive. His professional memberships include the United Way Board of Trustees, New Jersey Society of CPA’s, American Institute of CPA’s, and the local Speakers’ Bureau of the Atlantic and Cape May County Chapter of the Society of CPA’s. A long-time area resident, he makes his home in Linwood with wife Linda and daughters Christine and Suzanne. OTHER OFFICERS elected include Richard L. Traa, chairman; Mrs. T.E. Dougherty, first vice president; Roy Gillian, second vice president, Janet Collova, secretary; D. Allen Stretch Jr, treasurer and assistant secretary; Joseph DiOrio, assistant

BERNARD CAPALDI treasurer. Elected to additional three-year terms were Janet Coll ova, Mrs. T.E. Dougherty, Arthur T. Ford III; Francis Johnson, Richard H. Rabat, Paxson Keates, Martha L. Mason and William R. Miller. Incumbents inchide^Peter B. Boynton, Nathan W/Davis, Jack E, Hyman, MJJ.; Harry B. (Clause Jr.; S. Stuart Mally, M.D;; Jackson Neall, Clifford Phifer, George F. Roberts, David A. Spitalnick, Morton Shiekman, Jalttfes L. Walker, Louis N. Yannieiio, Doris Ford Baum, SMH Auxiliary represen five; Richard A. Pitman, SMH executive vice president; and Edward Champion, hospital solicitor.

Younkers said there will be a grand opening for all four locations “in a few weeks.” He said he did not.think the latest changeover would be “much irtconvenience at all. It should be a smooth and positive transition. The (Guarantee-First Jersey) customers for the most part are staying at the branches because of their relationship, with the employes." YOUNKERS^AID Tom’s River was “very pleased and excited about the possibilities in Cape May County. We are very impressed with the market place and the potential. “People have been very helpful,” be said. “You couldn’t find a nicer group of people. And our basic philosophy is that monies deposited in a community are loaned back in that community." Since those $30 million in deposits are really savings account liabilities, that should mean that Tom’s River will be looking to move that money into mortgages and other loans. Younkers said the bank has very attractive, “competitive rates” both for loans and savings accounts.

FIRST REBATE — George Gatsby, center, of Avalon, first customer in Cape May County to earn cash rebate for conservation, receives award from Richard T. Sigmund, right, senior vice president of South Jersey Gas. Liber Rich, left, beating contractor, installed award winning gas heating system. Gas Center Manager

FOLSOM - Effective March 1, Joseph M. Scheufele, electric, conversion specialist for South Jersey Gas Company (South Jersey Gas), will assume the position of manager of the utility’s newest Energy Saver Center, soon to be established in Ocean City. The announcement was

made by William F. Ryan, president of South JerseyGas. In this position, Scheufele will be responsible for planning, administering, and iih"plementing activities of the Cape May County center Energy Saver Centers serve as sources of conservation information

Alsobrook Joins EMI

FOLSOM - A Frank Alsobrook joined Energy and Minerals, Inc. (EMI), a natural resources development firm, as general manager, operations, effective Feb'. 1. The announcement was made by William F Ryan, presi dent and chief executive officer of South Jersey Industries. Inc., parent company of EMI. Alsobrook will be responsible for directing the operations of EMI’s subsidiary companies-Jesse S. Morie & Son, Inc., South Jersey Tuel, Inc., Delaware Valley Industrial Gases, Inc. and South , Jersey Exploration Co. Prior to joining EMI, Alsobrook was manager, exploration and geolgical services for Engelhard Corporation. He holds a Master of Science and Bachelor of Science degrees in Geology from the University of Wisconsin and Emor^r University, respectively. v Alsobrook, who resides in Exton, Pa., plans to relocate his family to the South Jersey area in the near future

capacities ever since. BEFORE BEING assigned to recruiting duty he attended the reserve components Full Time Production Recruiter training course at Fort Benjamin Harrison, Ind. Peterson’s duties will include classroom presentations in high schools and colleges; speaking to civic groups; and counseling young people interested in a military- career. Those interested in finding out about the Guard may call SFC Peterson at 465-7193

This year, put- more in your own pocket, less in Uncle Sam’s. □PEN AN IRA ACCOUNT

APRIL 16!

You still have time to give yourself a $2000 tax deduction for 1963. Just open an Individual Retirement Account before you file your-income tax return. Even if you’re already covered by a retirement plan, you can invest up to $2000 of your 1983 wages Up to $4000 if you and your spouse both work. And a total of $2,250 in separate accounts if your spouse isn’t employed. Your investment is tax-free until you retire. So is the interest. And it’s sizeable! You have a cho.ce of a fixed or floating rate and e .her way, you’ll

find the rate is highly competitive. The rates change every week, just as they do for savings certificates. But unlike savings certificates, you can deposit any amount into your account at any time. That flexibility makes your IRA account an investment your budget's going to be comfortable with for a long, long time! And it's insured up to $100000 by the FSLIC. So before you pay your taxes tfiis year, pay yourself Visit an IRA Specialist at Cape May County Savings and Loan today, and open an IRA Account. It's deductible!

VWr» in fch« buainasa of making your monay maka monay.

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