Historical clipping reproduced in The Paper, February 1978, printed page 2. Original credit: St. Louis Post-Dispatch, Sunday, January 29, 1978. No individual byline is printed.
New Age Federal Savings and Loan Association, 1401 N. Kingshighway Blvd., has instructed its attorneys to drop the pending lawsuit that has kept Central West End Savings and Loan Association from claiming its charter,
The action clears the way for the opening of the first new savings and loan in the St. Louis metropolitan area in 24 years and in Missouri for 18 years.
Thomas Scatizzi, a member of the board of incorporators Of Central West End, said his group is looking at three possible sites and expects to open its doors within six to nine months. Potential officers for the savings association have not been designated.
New Age had fought the new savings institution, contending that it would threaten its (New Age’s) financial viability.
The Central West End incorporators sought the charter, contending that the central west end of the city needs a “grassroots financial institution.”
Originally published in The Paper, February 1978.
Read this article in the original newspaper issue.
Original source: SD_Times1978_02.pdf, printed page(s) 2; PDF page(s) 2.
