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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 09 Apr 2002   For week ended January 25, 2002
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Mormon Businessman Brings Utah First Five-Star Hotel
"It's like nothing you've ever seen in Utah," says Kip Pitou who is President of Ski Utah, a ski trade group. The Wall Street Journal describes it as "lavish even in the world of luxury hotels."

Three Companies Join MSI, Index falls 2.3%
Mormon News has identified three new companies that will be added to the Mormon Stock Index this week, but as U.S. Stocks continued to slide this month, the MSI also dropped 2.3% for the week. Joining the index are the Williams Companies, Central Pacific Bank, and K-Swiss, Inc.

Plano, Texas to Get 4th LDS Chapel Since 1980
Membership growth in Plano, Texas has prompted the LDS Church to build for the fourth time in about 20 years. The Plano Stake held a groundbreaking ceremony Saturday, January 26th for the new building, located on Los Rios Boulevard, across from Plano East Senior High School. "We're getting to the point now where we have second-, third-, and fourth-generation families attending church in Plano," said Harold Richmond, Director of Public Affairs for the stake. Plano currently has eight wards, the first of which was formed in 1970, and eventually met in the first LDS building in the city, built in 1980. The stake also has built a new building in nearby Frisco, and an open house for that building is set for March 22nd and 23rd.

Zions Bancorporation Posts Increase in Income
Zions Bancorporation reported last week that its fourth-quarter net income increased 9% over the prior year. For the year net income increased 75% over 2000. The company credited strong local business for its increased earnings, mainly due to the merger of competing First Security Bank with Wells-Fargo, which allowed Zions to pick up some disgruntled customers who left First Security after the merger. "We're very pleased with the solid operating results we achieved in 2001," remarked Zions' President and Chief Executive Officer Harris H. Simmons, who is an LDS Church member. "We had very strong core revenue growth with remarkably stable net interest margins in a very volatile interest rate environment and during a period of increasing economic uncertainty."


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