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Top Stories

February 1, 1999

Local groups seek Security State purchase

Staff Writer
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 owned."

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," he said.

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 million.

Montgomery has served the bank for the past 39 years.

Swimmers unsurprisingly 1st, 2nd at district

Staff Writer
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, Big Spring.

"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 that."

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 added.

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.

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Pecos Enterprise
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