AUTHOR TO DISCUSS LOCAL BANK FAILURE

"Exchange Bank: What Happened? Why?" will be explained Monday night at the meeting of the Cape Girardeau Branch of the American Association of University Women.

The meeting will be held in the Activity Room of Chateau Girardeau, 3021 Independence, at 7 p.m., and will feature Dr. Charles P. McGinty, Cape Girardeau surgeon, who was a member of the now-defunct Exchange Bank. His book, "Under the Hammer," details the bank's failure and the takeover and sale by the Federal Deposit Insurance Corporation, as well as the effect of the bank group's demise on depositors and stockholders.

Hostesses for the meeting will be Clarice McMullin and Ethel Headrick.

President of the local branch of the AAUW is Joan Gones and co-vice presidents for membership are Avon Crocker, 335-3013, and Claire Ellinghouse, 334-4949.

Membership in AAUW is open to any graduate of a four-year college or university, and visitors are welcome at all meetings, which are held on the fourth Monday of except May-August and December.