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Business memo 05/27/03

Tuesday, May 27, 2003

Bank of Missouri holds shareholders meeting

Reliable Community Bancshares Inc., the holding company for the Bank of Missouri, held its annual shareholders meeting May 21. About 74 percent of outstanding stock was represented.

John F. Lottes III was re-elected and James D. Maurer was elected as Class II directors for a three-year term. James M. Hillin was elected as Class III director.

Other members of the board of directors for the holding company include R. David Crader, Karl J. Klaus, William D. Phillips Jr., Frank E. Robinson, Henry O. Romann Jr. and Thomas P. Tomlinson.

Reliable Community Bancshares is based in Perryville, Mo.

Walt Disney Co. thinking about selling stores

LOS ANGELES -- The Walt Disney Co. is considering selling its chain of retail stores in North America and Europe, the company said Thursday. To prepare for the potential sale, the executive running the stores has resigned, Disney said.

Disney has been closing the most unprofitable stores over the last few years and has experimented with several redesigns. The chain has shrunk from 522 stores in North America to 387 and further closings are expected, the company said.

-- From staff, wire reports


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