Pecos Country History
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Daily Newspaper and Travel Guide
for Pecos Country of West Texas
February 1, 1999
Local groups seek Security State purchase
By PEGGY McCRACKEN
Security State Bank would remain a local independent bank if one of
two groups seeking to purchase a majority interest in it are successful.
Five SSB directors have tendered an offer to the stockholders to purchase
their shares, and a second group has notified stockholders that they are
interested as well.
Bill Oglesby, one of the original group, said their intent is to keep
the bank in local hands. Others in the group are Ray Owen, Mike Harrison,
Jim Kenney and Greg Johns.
"That's part of the driving force behind it," Oglesby said. "We have
always been a strong, independent bank. That's mainly why we wanted to
buy it; to keep it locally owned and try to make it where you could protect
yourself against groups coming in from the outside and buying it."
Oglesby said the current group of 60 stockholders are "a pretty well
dispersed group, and we wanted to consolidate ownership and keep it locally
President and chief executive officer Dudley Montgomery said that no
large bank has made an offer to purchase the bank, however.
Montgomery, the largest shareholder, confirmed today that he has signed
a contract to sell the group of five directors his shares, and that he
will continue with the bank in some capacity if the deal goes through.
"It's kind of up in the air," Montgomery said, since the second group
said they intend to make a higher offer.
Shareholder Dick Slack said that he and his son, Clay, are negotiating
on behalf of the second group to purchase the bank.
"We are interested, and we are participating, but it's very preliminary,"
Security State Bank reported 75,000 shares outstanding at the close
of business in 1998, with net income of $7.05 per share and cash dividends
of $5 per share. Book value of each share is $135. Total assets are $71
Montgomery has served the bank for the past 39 years.
Swimmers unsurprisingly 1st, 2nd at district
By JON FULBRIGHT
The District 4 Swimming and Diving Championships produced no big surprises
on Friday and Saturday at the Pecos High School Natatorium — good news
for Pecos' boys, who won their eighth district title in 10 years as expected,
but not as good for Pecos' girls, who were hoping to surprise Monahans
and retain their district crown.
The Loboes won their second title in three years and denied the Eagles
their eighth title in nine seasons with a 97-87 win on Saturday at the
PHS pool. Meanwhile, Pecos' boys set three new district records in running
away with their division's title, by a 125-73 margin over last year's champion,
"We had a good day. I can't think of anybody who didn't swim their personal
best time," said Eagles' coach Terri Morse, who shared district coaching
honors for the meet with Monahans' Doug Ward. "The girls came up a little
short, but it wasn't for a lack of trying. We didn't have as much depth
as they did, but we'll get them next year."
Junior Kevin Bates broke the district records in winning both the 50
and 100 yard freestyle races. He set the new 50 yard record first on Saturday
in preliminaries, then cut a half-second off that to win with a 22.07 time.
In the 100, Bates broke his own mark of 50.34 seconds set last year, winning
with a 49.59 second time.
He was also a member of the Eagles' 200 freestyle relay team, which
set the third record Saturday. Bates, Matt Ivy, Louis Nieto and Cortney
Freeman broke the mark the Eagles set a year ago of 1:35.24 by going 1:34.98
for the victory.
"I thought we had an awesome meet," Morse said. "We got four in the
finals in the boys 50 and 100 (freestyle), and I didn't expect that at
all, and we had four in the finals in the breaststroke, and I didn't expect
Grant Holland, Jason Lopez, Craig Wein and Randall Reynolds finished
third through sixth in the 100 yard breaststroke, while Bates was joined
in the 50 free finals by Freeman, Lucio Florez and Luis Nieto, who were
third, fourth and sixth, while Freeman, Florez and Scott Pounds were third,
fifth and sixth in the 100 freestyle.
Bates, Holland. Freeman and Tye Edward started the swim meet off with
a victory in the 200 yard medley relay, the boys' other win on Saturday.
Ivy, Holland Edwards and Patrick McChensey picked up silver medals for
second place finishes, Edwards in the 100 yard butterfly and 100 yard backstroke,
Ivy in the 200 yard freestyle, Holland in the 200 yard indiv-idual medley,
and McChesney in
PHS prinicpal `doing good' after heart attack
Pecos High School principal and Town of Pecos City Councilman Danny Rodriguez
is "doing real good," at Medical Center Hospital in Odessa, assistant principal
Victor Tarin said, after Rodriguez suffered a mild heart attack on Friday.
Rodriguez, who was one of the speakers Thursday night at a pep rally
for the Pecos High School swimming team, was taken to Odessa the following
day after suffering the heart attack.
"I talked to him yesterday and he's doing real good," Tarin said. "I
think they're real pleased with his progress."
Tarin said administrative jobs at the high school are going on under
normal conditions today. "We're just going to go about our business and
continue doing like we're doing until Danny gets back."
"Mr. (assistant superintendent Gome) Olibas and Mr. (superintendent
Don) Love will be there to offer assistance is we need any help," Tarin
Rodriguez was named PHS principal in 1997, after serving as Crockett
Middle School principal before that. He is in his third full term on the
Pecos City Council.
Jullian Matt Tarin
Jullian Matt Tarin, 7, died Saturday, Jan. 30, 1999, in Midland Memorial
Hospital. Services will be at 11 a.m. Tuesday in Santa Rosa Catholic Church,
with burial in Fairview Cemetery in Midland, at 1 p.m.
Rosary will be at 7:30 p.m. today in Pecos Funeral Home Chapel.
He was born Nov. 12, 1991 in Odessa and was a Catholic.
Survivors include his mother, Irene Tarin of Midland; his father, Jesus
Tarin of Midland; grandparents, Ernesto and Eva Garcia of Pecos and Jesus
and Marcella Tarin of Pecos; and one brother, Adrian Tarin of Midland.
High Sunday 60; low last night 36. January rainfall .05 inch. Tonight,
partly cloudy and breezy. Low near 30. West to northwest wind 15-25 mph
and gusty. Caution advised on area lakes. Tuesday, partly cloudy and cooler.
High 55-60. Northwest wind 5-15 mph, becoming southwest by afternoon.
York M. "Smokey" Briggs, Publisher
Division of Buckner News Alliance, Inc.
324 S. Cedar St., Pecos, TX 79772
Phone 915-445-5475, FAX 915-445-4321
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Copyright 1999 by Pecos Enterprise