technical help from Dr.
Avrom Pollak, president of
Va'ad HaKashrus, and Ar-
thur Shugarman, a local cer-
tified public accountant,
Baltimore's first "glatt
kosher" bank opened June
25.,
Though welcomed as a
positive development by
Conservative leaders like
Rabbi Mark Loeb of Beth El
Congregation and Rabbi
Joel H. Meyers, executive
director of the Rabbinical
Assembly in New York, the
change is of most interest to
Orthodox Jews.
"The heter iskav is not one
of the mitzvot the Conser-
vative movement stresses,"
Rabbi Meyers said.
In other banks in
Baltimore, Pollak explained,
a strictly Orthodox Jew
taking out a loan in
Baltimore has to ask the
bank to sign a private heter
iskav, "something he might
find embarrassing." By
stipulating in its bylaws
that all its monetary trans-
actions are business in-
vestments, Maryland Per-
manent has avoided the
need for individual docu-
ments.
Naturally, the bank hopes
the arrangement will attract
Orthodox Jewish customers.
Even their advertising cir-
culars display the Star-K
symbol of Va'ad HaKashrus.
On their opening day
celebration, free slices of Tov
Pizza were offered and all
refreshments were under
Va'ad HaKashrus supervi-
sion. "From a business
standpoint, that of course
was a primary reason,"
Klawans said. "But it really
was a combination of factors.
We understand the impor-
tance this has for religious
Jews."
Phil Sweren, president of
the new bank, added: "I
can't say we're not inter-
ested in having people swit-
ch banks, but we also hoped
this would make it easier for
the religious."
There is no reason Or-
thodox Jews have to switch
banks, Pollak said, as long
as they have a heter iskav
with their bank.
"I don't plan to switch,"
Pollak said.
Founded in 1910 as
- Maryland Permanent
Building & Loan Association
by the Sweren family, it
became an FDIC-insured
commercial bank on July 1,
1989, moving to its new loca-
tion in June 1990.
"There are people who are
reluctant to ask a bank to
sign a heter iskav," Rabbi
Heinemann said. "This bank
makes it all very simple." ❑
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1990-1991 SEASON LAFAYETTE STRING QUARTET
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For Season Pass and Ticket Information Call Annette Chajes, 661 - 1000
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Air
THE DETROIT JEWISH NEWS
61