business

Robert J. Conover

Edward L. Hess

Security Saving Names Executives

VINELAND - Security Savings and Loan Association here has moved to strengthen its real estate Liaortgage business by nam^ing two executives for its Select Mortgage Corporation subsidiary. Robert J. Conover of Cherry Hill has been named president and chief operating officer of Select Mortgage, and Edward L. Hess, of "Richmond, Va., has been named vice president of secondary marketing for Select. SELECT Mortgage,

formed earlier this year to originate mortgages for Security Savings, will expand its role to become a full-service mortgage banking firm, said Ronald A. Seagraves, president of Security Savings. Select now services some 18,000 loans totalling more than (638 million and is producing new loans at the rate of $100 million per year. Conover was senior vice president and chief financial officer of U.S. Mortgage Corp., Westmont, since 1980. Hess is past president of the Louisville Mortgage Bankers Association, member of the legislative committee of the National Mortgage Bankers Association, and is a member of other profes-siona-1 and civic organizations.

Reynolds Has 85th RIO GRANDE - Reynolds, a family owned firm, which operates a men's apparel store in Rio Mall here, celebrating its 85th anniversary. Reynolds has grown from a single store in $outh Amboy to five stores, including outlets in Toms River and Manahawkin. "Reynolds has stood for excellence and service to the customer from the time my grandfather headed the firm," says present day board chairman Chuck Reynolds. "After 85 wonderful years, we're looking forward to another 85" BUSINESS DIRECTORY AUTO DEALERS ! & 3 GREAT CARS UNDER 1 BURKE R00E OLBSMOBJlf • CHEVROLET rkou | tr SALES-SERVICE -PARTS 522 1475 CLEANERS*" \AUNOEEEig_ I ime 1 CLEANERS A LAUNDERERS EXPERT TAUSIM mi I SUEDE I I1ATMR CAM 1

Horizon Dividend Up Again MORRISTOWN - The board or directors of Horizon Bancorp has increased the dividend on its common stock to $0.28 per quarter (an indicated annual rate of $1.12). This 7.7 percent increase marks the eight consecutive year that Horizon has increased the cash dividend on its common stock. The board also declared the new quarterly dividend of $0.28 per common share and a quarterly preferred dividend of $0 7950 per share (12.70 percent annualized yield calculated on the preferred stock's liquidation value of $25 per share). The record date for both dividends in Oct. 12 and the payment date is Nov. 1, 1984. Horizon Bancorp, with 110 bank branches and six trust offices, is the fourth largest New Jersey bank holding company with $2.6 billion in total assets. Its member subsidiaries are Horizon Bank, Horizon Trust Company, Marine National Bank. Princeton Bank and The Bank of New Jersey.

Utility Maps Aid to Needy I -At * PLEASANTVILLE - Atlantic^ Electric is meeting tbday with social agencies throughout its service territory to discuss programs to aid needy peo- * pie in Southern New Jersey. The meeting was* scheduled for 9:30 a.m. at the Midway Inn, Buena. Atlantic Electric President E. Douglas Huggard was to answer questions about the utility's programs.

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# I— 1^— — 1^— — I— — — f BKM j $100 Million in Ass^s! We Are Sturdy! s i We ARE Sturdy! \ \ Sturdy Savings and Loan has topped the $100 million mark in assets! J Our growth throughout our 62-year history reflects customer confidence . i ■ ana satisfaction Sturdy is one of New Jersey 's strongest and sturdiest financial institutions — one ot the tew strong enough to resist mergers We've had the same name lor 62 years -e- because we' are Sturdy Yet we are S100 million small. Although we have large assets, the most important thing we provide our customers is service. / We believe our growth is a result ot customer satisfaction in the complete line ot services we provide — like our very popular high yield one ancLthree year certificates. , Sturdy Savings and Loan is proud to have reached S 100 million in assets, and we will continue to grow — offering complete and competitive services . to our customers , , Thank you. Cape May County! Featuring... A Sturdy Certificate Celebration! Because of your continued support, satisfaction and contidence. Sturdy has grown to be S 100 million strong In appreciation. Sturdy otters you these low fninimum. high yield savings certificates

1-Yeai Savings Certificates ' 3-Year Savings Certificates'

Effective Yield 1 1 46% 1206%

Annual Rate '11% 11.55%

Minimum S5Q0 S500 - '

Join pur S100 million celebration and take advantage ot .these exceptional savings certificates which feature attractive rates with an investment as low as S500! "Compounded Quarterly Substantia] interest penalty tor eaiiy certificate withdrawal

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