P agi : A4 J une 30, 1993 • Tiu- P ortland O bserver KeyCorp To Acquire Jackson County Federal Bank V ic to r J R ile y .J r. the chairm an, president and c h ie f executive officer o f K eyC orp and Carl D Gustavson. the chairm an o f Jackson Counts fe d ­ eral Bank (JCE), announced that a d e fin itiv e agreement had been en­ tered in to for K eyC orp to acquire JCF Headquartered in Medford. O r­ egon. JCE has $ ' 50 m illio n o f assets and $517 m illio n o f deposits in eight branches(Ashland. Jacksons ¡lie. Cen­ tra l Point, Grants Pass (2)and Medford (3 ) and three loan production offices ( M e d fo r d . K la m a th F a lls , and Roseburg) in southern Oregon Upon share The options w ould be exercis- ableby KeyCorponly ife e rta in c o n d i­ tions arc met Consummation o f the transac­ tion is conditioned on. among other things, the approval o f JCF's com ­ mon and preferred shareholders and approval o f a ll applicable regulatory authorities W hile no assurance can be given that the transaction w ill be consummated, or. i f consummated, concerning the tim e fram e under w h ic h it w o u ld be c o m p le te d . KeyCorp's management anticipates t hat the closing w ill occur on or before the merger. JCE ssould be made part o f the $ 1 8 b illio n Key Bank o f O r­ egon In the merger. JCE common stock­ holders and preferred stockholders w ill receive KeyCorp common slock based on a value o f $15.00 for each outstanding share o f Jk I common or preferred stock The indicated total value o f the transaction is $49 1 m il­ lio n . The number o f KeyCorp shares to be issued in the transaction w ill be determ ined in a twenty trading day p ric in g period ending on the filth day p rio r to the merger date, and varies based on Key C orp's av erage closing stock price in New Y o rk Stock E x­ change composite tra d in g d u rin g that period However, the value o f each KeyCorp share so determined w ill be lim ite d to no more than $42.50 and no less than $34.50. JCF has issued options to Key Corp to acquire up to 19.9“ .. o f JCF's com m on stock at a price o f $ 13 00 per D ecem ber 3 1 .1 9 9 3 . "This represents a m eaningful extension o f our marketplace in O r­ egon." Riley commented. "J C F ’ s fine franchise serves areas not currently serviced by Key Bank o f Oregon.’’ Said Gustav son, "W e look forw ard to becoming part o f A m erica s neigh­ borhood bank' W ith the backing o f KeyC orp's $.32 b illio n o f resources, our customers w ill enjoy an increased array o f products and services.” KeyCorp (N Y S E :K E Y ) w ith as­ sets o f ov er $30 b illio n is a m u lti- regional bank holding company head­ quartered in A lbany. New Y o rk It has focused its banking expansion ac tiv i­ ties in the Northeast and Northwest. As "A m e rica n 's neighborhood bank,” KeyCorp pursues a m iddle-m arket target concentrating its resources in cities and sm aller com m unities o f the northern tie r o f states, thus avoiding overcrowded marketplaces and single industry loan exposure Estuary Fishing Restrictions To Help Wild Coho l lus summer and fall the ex­ pected sport catch o f w ild coho in coastal estuaries I k *,ween Cape Fal­ con and Cape Blanco w ill be reduced by several thousand fish That w ill equal several thousand more fish on spawning grounds this fa ll, and a much-needed boost to d e clin in g w ild coastal coho populations, according to the Oregon Department o f Fish and to b u ild a Center for S elf Enhance­ ment at U nthank Park The co ntribu­ tion is specifically earmarked to set up and stall’ a health resource center for SEI children and neighborhood fa m i­ lies The Sisters o f Providence, w hich has a mission to serve underprivileged com m unities, also is c o n trib u tin g a total o f $115.000 over three years to operate the health facility Tentatively scheduled to open in 1994. the Center for S elf Enhance­ ment health facility w ill be staffed by a nurse practitioner who w ill offer fundamental prev entive sen ices, such as basic checkups, im m unizations, first aid and referrals The center w ill also offer literature and audio visual m aterials to improve health aware­ ness "T h is center w ill be a way for us to d eliver basic, preventive sen aces to ch ild re n and their fam ilies at a loca­ tio n that is both convenient to and w ell-rccognizcd by people liv in g in north and northeast Portland.” said Jack Friedman. C h ie f Development Office i lor Sisters o f Providence Health Plans. "The result w ill be more acces­ sible and cost-effective health care " "We are very grateful for Sisters o f Providence s com m itm ent to mak­ ing healthcare m orcavailablcto people w ho liv e in northeast Portland, through this community-based fa c ility ." said Ray Leary. S E l's director o f develop­ ment For many people in the neigh­ borhood. this center w ill be the first place they tu rn to w ith basic health care questions.” Services w ill be free. W h ile spe­ c ific operating details o f the health center arc s till begin developed, its mission is broader than healthcare services: the center also w ill be a health-career resource for SEI stu­ dents " A key goal o f SEI is to teach children that life has options.” ac- cordingtoS E I President Tony Hopson. "W e want to provide our students w ith inform ation about the array o f health career options for them, and that it's never loo early to begin planing for life after h igh school." S ETs C a p ita l C a m paign has raised more than $3 m illio n for the Center for S e lf Enhancement A p ­ proxim ately $8.4 m illio n is needed to b u ild the center; $7.5 m illio n is rc- anger to birds I li is might lake the form W ild life . New. restrictive salmon bag lim ­ its and a reduced number o f fishing day s m bay s are companion measures w ith the most lim ite d ocean sport salmon season in Oregon history A ll rules are designed to get the greatest possible w ild coho spawning return w hile a llo w in g some sport harvest to continue The Oregon Fish and W ild ­ life Commission has approved the fo llo w in g regulations fo r estuaries betw een Cape Falcon and Cape Blanco, w hich go into effect Julv I of m oving a p ole, h u i 1J i n g s u ita b le a lte rn ativ e nesting nea rh v , o r o th e r strategies. Monte Garrett Wildlife Biologist A nd t n r e e ...we ?.. x t our own employ­ ees involved in under­ Paton Jewelers DIAMONDS WATCHES JEWELRY • DIAMOND SETTING Watch and Jewelry Repairing Remodeling and Manufacturing of Fine JeweJry 281-8801 4616 N.E. Sandy Blvd. the eyes and ears of d anger when they the company when it choose to build pole- co m es to w ild life t i o n . top perches near power lines mnel that go out there and PaciliLorp wildlife biologis nesting platform s or deals firsthand with how to ing number o f corporations that sup­ port S E I'sC a p ita l Campaign, in clu d ­ ing U.S. Bancorp, Standard Insur­ ance. First Interstate Bank and Bank o f America Founded in 1981. SEI operates in partn e rsh ip w ith P o rtla n d P ublic Schools on the campuses o f seven northeast Portland schools. The focus o f the SEI program is on improv ing grades and attendance, b u ild in g self­ esteem and ercati ng career opportuni­ ties. SEI currently serves 700 stu­ dents. grades 3-12. each year; the new Center for SelfEnhanccmcnt w ill triple that capacity . The Sisters o f Prov idence health Sy stem includes Prov idence Medical Center, P rovidence-M ilw aukie Hos­ pital. St. Vincent Hospital and M e d i­ cal Center and Sisters o f Prov idence Health Plans in Oregon The Sisters o f Prov idence hav e been prov iding health and com m unity serv ices in the Pacific Northwest since 1856. can t s a v nough about our own per- M o n te quired to operate it for the firs t five years SEI expects to break ground this y ear, w ith com pletion scheduled fo r 1994 L o ca te d in n o rth e a st Portland's Unthank Park, the Center w ill also include classrooms, com ­ puter labs, a library and a perform ing arts center. Sisters o f Providence jo in s a grow­ nd being standing Sincfe 1948 Sisters Of Providence And Self Enhancement, Inc. Announce Health Resource Center For Northeast Portland Sisters o f Providence Health Sys- tems/Oregon and Sell Enhancement. Inc. (SEE) hav e forged a unique part­ nership toprovide im proved and more accessible preventive health care to residents o f north/northcast Portland Sistersol Prov idence has donated $ 100.000 to the SEI capital campaign situation« that pose a modifying poles to make them safer for birds. It s a team prevent accidental contact of birds and power lines. O ur effort to minimize contact accidents effort that is paying off in reduced bird mortality. Pacific orp s wildlife biologists, like Monte, provide is pretty straightforward: One, we rely on a close working the right kind of energy to find wavs to protect birds, hut re la tio n s h ip w ith local w ildlife are also actively involved in programs associated with The Peregrine Falcon agencies and other ¿roups to help us fishery enhancement, land management and overall envi­ cun dive at a . . . breathtaking ,. . . . . discover where problem* might exist. I75mph ronm ental stew ardship on al Tw o, we m o v e to c o r r e c t # facilities com pany PACIFIC POWER THE RIGHT KIND OF FNERGY "Serving The Greater Northwest" R&T PAINTING & WALLCOVERINGS INTERIOR • EXTERIOR D E W E Y TAYLO R Owner Oporator (503)282-5033 COMMERCIAL K IT C H E N “ S p e c ia l iz in g in H o m e S t y l e C o o k in g ” (503) 286-8289 7332 NE Martin Luther King. Jr. New & used books on Business, Music, & African-A merican Studies POWELL’S CITY OF BOOKS RESIDENTIAL INDUSTRIAL Crime Stoppers Case For The Week Of June 28, 1993 Crime Stoppers Case #93-26: Homicide Portland Police Bureau Homicide Detectives, in cooperation w ith C rim e Stoppers, arc asking for your help in solv ing a murder On Tuesday, June 15, 1993, at approximately 3:23 in the afternoon, the body ofLaw auna Janclle T rip le t, a 29 year old black female, was found p a rtia lly clothed, in the bushes near N. Concord Avenue and N G oing Court A ccording to the Oregon State M edical E xam iner's Office. Lawauna T rip le t died from abdominal injuries and strangulation Alberta H o m ic id e In v e s tig a to rs have C rim e Stoppers is o ffe rin g a cash been able to establish that shortly A 1,. t a . K .u rcw ard° fu p to $ L000 fo r info rm a tio n after M id n ig h t, on Tucsdav. June 15th, i PaH in n t„.,„ L ____ J L , leading to an arrest in this case, o r any the same day her body was found. unsolved felony crim e, and vou need Lawauna T rip le t was seen w a lkin g not give your name C all C rim e Stop­ westbound on N. E. Alberta Street, pers at 823-HELP from N. E. 16th Avenue, after having stopped earlier at tw o tav erns on N.E. Tropicana Restaurant 9 a m - 11 p m M o n d a y th o u g h S a tu rd a y 503/281-8696 9 a m - 9 p m S u n d ay s K B O O -F M U sed b o o k s b o u g h t every day till 8:30 PM O n th e # 2 0 B us line • O n e h o u r free p ark in g 90.7 FM P O R T L A N D 1005 W est B u rn sid e S tre et 228-4651 1968 25 YEARS OF COMMUNITY RADIO 1993 CHECK OUT THE MOST ECLECTIC PROGRAMS ON YOUR DIAL GOT A HOT SPORTS STORY CALL 288-0033 « « P / < » *