Banks of Mid-America Stock Prices Unharmed by Corporate Shifts
Robinson, Robin, THE JOURNAL RECORD
The recent round of corporate musical chairs at the top levels of Banks Of Mid-America Inc. hasn't seemed to hurt the company's stock prices.
The bank holding company's stock rose to a new high of 12 in over-the-counter trading Jan. 5, a two-year high for the company, then settled at 11 1/4 last week.
Frank X. Henke III resigned as chairman of the board of Banks of Mid-America on Jan. 3, the day the company's stock price rose to 11 1/8, a new two-year high from 11. On Jan. 4, James A. White, president and chief executive officer of First National Bank & Trust Co. of Tulsa, a subsidiary of Banks of Mid-America, resigned and the stock reached a new high, 11 7/8.
The Dec. 25, 1989 issue of Business Week quoted an unnamed analyst saying the bank holding company was an alluring takeover target.
Banks of Mid-America completed a recapitalization plan in October 1988, and has become the state's largest bank holding company with $2.2 billion in assets after BancOklahoma Corp. divested itself of four subsidiary banks.
Banks of Mid-America has two subsidiary-banks: First Tulsa has assets of about $933 million and Liberty National Bank & Trust Co., the second largest bank in the state, has $1.3 billion in assets. . .
- The 1990 Directory of Business Incubators has been published by the International Venture Capital Institute Inc.
The directory lists more than 500 U.S. and 100 Canadian business incubators. It costs $19.95, or $29.95 when ordered with the 1991 directory to be published next year, and can be ordered from the institute, P.O. Box 1333, Stamford, Conn., 06904.
The institute's Spring 1990 directory of venture capital clubs, listing clubs in the United States, Canada, Europe, South Africa, Hong Kong, Singapore, Taiwan, Thailand and the Philippines, is also available from the institute for $9.95. . .
- The Wilson Financial Group of Oklahoma City had the highest sales among its population group during the Massachusetts Mutual Life Insurance Co. fall sales campaign. Wilson placed second among all agencies participating in the campaign. . .
- Oklahoma taxpayers expecting a refund from their 1989 taxes, and using H&R Block to prepare their returns, can electronically transmit their completed forms to the Internal Revenue Service this tax season and receive a loan advance. …