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Hickory Point Bank Trust

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BUSINESS
March 24, 1998 | From Times Wire Services
Regulators on Monday gave agribusiness giant Archer-Daniels-Midland Co. permission to convert a state-chartered bank it operates into a federally chartered savings and loan. The Office of Thrift Supervision said it approved the Decatur, Ill.-based agribusiness conglomerate's application to operate Hickory Point Bank & Trust on condition that no ADM employees or affiliates implicated in 1996 price-fixing charges be involved in the S&L's operation.
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BUSINESS
March 24, 1998 | From Times Wire Services
Regulators on Monday gave agribusiness giant Archer-Daniels-Midland Co. permission to convert a state-chartered bank it operates into a federally chartered savings and loan. The Office of Thrift Supervision said it approved the Decatur, Ill.-based agribusiness conglomerate's application to operate Hickory Point Bank & Trust on condition that no ADM employees or affiliates implicated in 1996 price-fixing charges be involved in the S&L's operation.
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