FDIC to reopen
dank’s doors
lor business
iice LA MARQUE (AP) — The La
vlarque Bank, southeast of Houston
■ ■ til Galveston County, will reopen to-
4 # 1 1'lay as a branch of the First Bank of
I (k J I -a Marque, FDIC spokesman Bill
H ^ • Mcheski said.
The La Marque Bank, which had
\ui, lie s;ud. "bu! 'nly one office, was closed Thursday
rested in doing 'Y the Federal Deposit Insurance
d a nur keting ^orp., which approved the assump-
i Von Di andie: ' on hs deposits by the First Bank
fl^a Marque.
i < i manv. as wi The failed bank had total assets of
6.6 million and was ordered closed
iy Kenneth W. Littlefield, Texas
inking commissioner, with the
UIC named receiver.
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omen k
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Its depositors automatically will
de
ut oy
L*sl (i
(»erman
the Cre<
LTrnan h
in toast:
ermaps
.gun. Ri
has
iccome depositors in the First Bank
)f La Marque subject to approval of
he j iroper courts, Olcheski said,
fail
B^Vhe failure is the thirty-seventh in
Texas so far this year and brings the
lational total of bank failures to 123,
tesaid.
First Bank of La Marque will as-
ume about $6.1 million in 1,800 de-
)osit accounts and has agreed to pay
he FDIC the purchase premium of
{155,000, Olcheski said. He said the
>ank also would buy some of the
allied bank’s loans and other assets
or“$4.8 million.
^ Yhe FDIC is advancing $1.2 mil-
ion to First Bank of La Marque and
vili retain assets of the defunct La
ilarque Bank with a book value of
ibout $800,000.
Joe Transfer
lAjEU-^UleiL, Ueu-1 Ti\ezz
SEEM*. TO &e ABOUT TWENTY
IETTEK.B HERE, AU. TO ...
\ustin, the Olcheski said the FDIC would re
dd the h rover a portion of its outlay through
ic (lift ' ( h die liquidation of assets not trans-
, now makin. fcrred to First Bank of La Marque,
ersion. The liquidation of assets is supposed
:o cover much of the current debt
die establishment now is facing.
i ' The FDIC noted its claims have
C /1 (1 /Crpri^y over claims of non -d e P os it° r
rreditors and shareholders of the
failed bank.
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Assault case strikes taxpayer’s pocketbooks
SAN ANTONIO (AP) — The spat between
'etcran congressman Henry B. Gonzalez and a
onservative businessman cost the man a bruised
lye and taxpayers a pain in the pocketbook, offi-
:ials said.
jJlpst month, Bexar County prosecutors dis-
lissed a misdemeanor assault charge against
kofzalez, who was accused of hitting Bill Allen in
tieTace at a restaurant on Dec. 4.
Gonzalez issued a statement on Aug. 28, apol-
|ng to his constituents that the incident oc-
after Allen allegedly called the congress-
i a communist.
The statement ended a crop of paperwork for
prosecutors, Gonzalez’s attorneys and transcrib
ers of the U.S. Congressional Record.
The bill, however, will cost more than $13,000,
the Texas Lawyer magazine reported this week.
In June, Gonzalez went to the House floor five
times to tell his version of the incident and to
evade a gag order from court-at-law Judge Tim
othy Johnson.
Gonzalez filled 21 pages of the congressional
record, which will cost the taxpayers about
$10,300, the Dallas-based magazine said.
Gonzalez’s attorney, Jack Paul Leon, said any
waste of money should be blamed on the district
attorney’s office which pursued the case in
county court.
“Anybody else involved in the same type of sit
uation would have been in municipal or justice of
the peace court and not faced with a potential
year in jail,” Leon said. “It would have been just
like a traffic court and wouldn’t have cost any
body anything.”
John Wondra, the district attorney initially as
signed to the case, said police filed the case as a
Class A misdemeanor and the evidence seemed
to back up the charge.
“We don’t feel our time was wasted,” he said.
“The case has been resolved, and part of the
obligation is to work up the case, get it ready and
if it’s resolved short of trial, then that’s the way
the criminal justice process works,” he said.
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