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The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

December 03, 1993 - Image 34

Resource type:
Text
Publication:
The Detroit Jewish News, 1993-12-03

Disclaimer: Computer generated plain text may have errors. Read more about this.

12 MONTH CERTIFICATE

3.500 0/0
3.550%

[INTEREST
RATE

A.P.Y./ *

24 MONTH CERTIFICATE

4.000% 7:EST
4.060% A P"

60 MONTH CERTIFICATE

5.000% 'ARTri
5.090% AP"I

First
Rate
Rates.

Call 338-7700
352-7700

athan Rosenfeld had to
rely on two criminals to
open the Jacobson's fur
vault when he acquired
the department store chain in
1939.
Richard Jacobson, the
founder's grandson, sold the

4.04%

Birmingham
646-8787
Clawson
435-2840
Dearborn
274-3030

bank

&trust

"First in Service"

Main Office

2600 Telegraph Rd.
Bloomfield Hills. Ml 48302

Jacobson's turns 125 years old this year.

EQUAL

MONEY
MARKET

3.56%

change for a pitcher of beer, the
two men opened the safe, and
Jacobson's fur sale began as
scheduled.
"That was (my father's) first
day in business," Mark Rosen-
feld recalls. "The next day, he
changed the vault's combina-
tion."
Founded in 1868 by the Ja-

LEADING ISRAELI STOCKS
TRADED ON US. EXCHANGES

Exchange

Nov. 5

Nov. 12

effective as of 11/28/93

SCIXF

Scitex

NASDAQ

'25.38

'25.13

$2,500 Min. Balance Required*

ECILF

ECI Telecom

NASDAQ

'23.38

'24.13

TEVIY

Teva Pharm

NASDAQ

'29.50

'28.38

1EC

PEC Israel

NYSE

'31.75

'32.00

ELBTF

Elbrt Computers

NASDAQ

'42.75

'41.50

-51.25

ELT

Elscint LTD

NYSE

'5.13

'5.13

'0.00

ELRNF

Elron Electronics

NASDAQ

'20.88

'20.50

TAD

Tadiran

NYSE

'34.88

'34.00

CMVT

Comverse

NASDAQ

'15.50

'14.75

LANTF

Lannet Data

NASDAQ

'12.75

'12.25

West Bloomfield
855-6644
Sterling Heights
Waterford
268-5200
674-4901
Southfield
Warren
355-9831
558-4600

ROSEVILLE - ROYAL OAK - ROCHESTER
RENAISSANCE CENTER

Livonia
462-4106
Rochester
656-5760

Jackson-based business to Mr.
Rosenfeld on a Friday, then he
headed up north to his cabin in
Charlevoix.
When Mr. Rosenfeld re-
turned to his new store on Sat-
urday morning, he realized that
he hadn't asked the former
owner, who couldn't be reached,
for the vault's combination. A

Symbol Name

Annual Percentage Yield

OPENING SOON!

Grosse Pointe
882-2880
Lincoln Park
383-4000

N

fur sale was due to begin in a
few hours.
Mr. Rosenfeld called on a
friend who was the warden of
the nearby Jackson Prison.
The warden sent over a
guard and two inmates who
could crack any safe. In ex-

SAVINGS BANk

ABOUT OUR
MUTUAL FUNDS!

Annual Percentage Yield
effective as of 11/28/93
Avail. through Dec. 13, 1993
Penalty for early withdrawal

Jacobson's Celebrates
125th Anniversary

FIRST SECURITy

Penalty for early withdrawal from certificate accounts may be assessed.

Sterling

=BUSINESS

SUSAN KNOPPOW SPECIAL TO THE JEWISH NEWS

* Annual percentage yield when compounded quarterly. Rate is accurate as of 12/3/93.

6 MONTH CD

01 DETROIT

These are fixed rate
certificates of deposit
that are insured by
the Federal Deposit
Insurance Corporation
(FDIC). A minimum
opening deposit and
balance of $500.00
is required to obtain
the stated A.P.Y.

*Rates may change. Statement fees may reduce earnings if balance is not maintained.

Change

s1.13

Source: Allen Olender, Prudential Securities,
West Bloomfield.

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