ee

- Len Winter and his wife Teresa depart for Prince George

to tackle naw business prospects.

Len Winter moves
to Prince George

TERRACE — Five year
residents of Terrace, Len
Winter and his wife
Teresa Unger are moving
‘back to Prince Goerge.

Len Winter, the
branch manager for the
Federal Business
Developmet Bank
(FBDB) since 1981, has
accepted a transfer to
Prince George effective
April 1.

Len was one of the
original Credit Officers
to open the Terrace
branch in 1973 and
stayed until his transfer
to Kelowna in 1976,
Later he served the bank
as a Management Ser-
vices Officers, until he
was promoted to Assis-
tant Manager in Prince
George. He looks for-
ward to his new duties as
a Project Development
Manager, which will in-
volve a greater variety of
proposals and more

creative and complex.

financing.

Len said he will miss
his involvement in local
community activities. He
currently serves as. the
Program Director for the
Terrace Rotary Club and
as the Chairman of the
Economic Development
Committee for the Ter-
race and District
Chamber of Commerce.
Also, he has enjoyed
leading seminars and in-
structing night school
classes at Northwest
Community College.
Len .expects to take up
similar community ac-
tivities in Prince George.

But Len and Teresa
are pleased with the
move and are an-
ticlpating reunions with
their friends in Prince
George. ‘‘Our time here

has been one of personal

challenges and many
changes that will remain
with us throughout our
lives,” Teresa said.

FBDB office
is Officially |
opened

TERRACE — On Mon-
day, March 24 the
Federal Business Devel-
opment Bank (FBDB) in-
vited members of the
business community to
an open house at their
new location at 4614
Lazelle Avenue.

by Sherry Halfyard

‘Mayor Jack Talstra,
assisted by Doug Kerley,
vice president and
regional general manager
for B.C. and the Yukon,
plus Frank Reiter,
district general manager
for Northern B.C. of the
FBDB, performed a
ribbon-cutting ceremony
at 11! a.m. March 24. .-

Kerley spoke during
the Rotary Club lunch-
eon at the Inn of the
West regarding services
involving the Bank’s
financial planning pro-
gram.

From 4 p.m. until 6
p.m. an open house was
held at the Bank’s new
Lazelle tocation. Snacks
and spirits were provided
for the guests.

Kerley commented
that the Terrace branch

has come through some

tough times, and they
have had to cut costs.
‘What we are trying to
do by changing loca-
tions, is to make our-
selves more visable and
appropriate to the
business community,”
he said.

Council
report

At its March 24
meeting, Terrace council
approved renewal of the
service contract between
the municipality and the
Terrace and District
Chamber of Commerce.
The contract specifies a
fee of $5,000 for the year
and tax exempt status for
the Visitor’s Information
Office in exchange for

the Chamber’s usual ser-:

vices in promoting
business and commercial
activities within Terrace.

The terms of the con-
tract remain unchanged
from 1985, and the costs
will be entered in this
year’s municipal budget.

Phil Hart! is the new branch manager for the Terrace of-
fice of the Federal Business Devetopment Bank. His wife
Linda and children Trevor and Jennifer wil be arriving in
the community this month.

Manager arrives

TERRACE — Phil Hartl
has been appointed the
Branch Manager of the
Terrace office of the
Federal Business
Development Bank

Ribbon cutting ceremony takes place

Mayor Jack Talstra (front, left), holds the ribbon while Douglas A. Kerley, vice-president and regional general manager
for the Federal Business Development Bank, cuts it to officially open the new location of the FBDB

History behind Federal Business Development Bank

TERRACE — The
Federal Business Devel-
opment Bank began as
the Industrial Develop-

ment Bank (IDB), a sub-.

sidiary of the Bank of
Canada, in 1944.

by Sherry Halfyard

The IDB was designed
to provide term financ-

ing for firms which could
not obtain funds from
other lenders.

The FBDB’s corporate
objectives are much the
same today as when the
bank was first intro-
duced.

They commit them-
selves to maintain their
role as a supplemental
lender supporting small

and medium sized busi-
ness; to cover its costs; to
adapt continually to
meet the needs of small
business as they evolve;
and to foster economic
development in all
regions of Canada, said
Doug Kerley, vice presi-
dent and regional general
manager for B.C. and
the Yukon of the FBDB.

‘‘Business people, par-
ticularly smal! business-
es, spend a lot of time
keeping financial doors
open, often ai the neglect
of their business. The
FBDB acts as 2 mydiary
for small business, we try
to find the aprropriate
assistance to sui cach
businesses nevecis,”’ said
Kerley.

Sherry Halfyard photo -

(FBDB). He assumed
his duties on April 1.

by Teresa Unger
Terrace Contributor

Hartl has been with
the bank for seven years
and has spent the last six
years in the Prince
George branch.

Originally from
Calgary, he has lived in
all of the provinces from
Ontario to B.C. and
spent time in northern”
Saskatchewan and
Manitobia. Currently,
Phil is the treasurer for
the Nechako Rotary
Club of Prince George
and for the past two
years, has worked with
the United Way on their
Corporate Program. He
hopes to join the Rotary
Club in Terrace.

His aims are to con-
tinue the good works of
the Terrace branch and
get to know the people
and towns in the district.

He and his wife Linda
and their children Trevor
and Jennifer will be ar-
riving in Terrace in early
April to look for their
new home. Linda is
employed as a Computer
Programer/Analyst at
the College of New
Caledonia and will be
looking for a_ similar
position in Terrace.

Trevor, 10 is involved
in baseball, judo, soccer
and track. Jennifer, 7,
enjoys aerobics and
Brownies. Phil jogs and
is now in training for the
May 4 Vancouver
Marathon. The entire
family likes fishing, a
pursuit well suited to this
area.

The Terrace Review
welcomes Phil and his
family to the community

and wish them the best,

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