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BE lit ttt at 40 -- PORT PERRY STAR -- Tuesday, January 5, 1988 Speaker at C of C meeting by David Shamanski At about the same time he joined Toronto's Standard Trustco Ltd. as president and chief executive officer in 1977, Brian O' Malley took a stroll through the city's busy financial district. Within a two-block radius of King and Yonge streets, where institutions. _ Finding itself in such a com- petitive situation is unusual for this medium-sized Canadian trust com- pany with assets of $1.27 billion. Its list of Canadian locations is not ex- actly a roll call of major financial centres. Standard Trustco's bran- "ches are mainly in small southern Ontario towns such as Beamsville, Essex, Perth and Picton, where O'Malley might walk the entire downtown core and find only a cou- ple of banks. That is just the way Standard likes it. By concentrating its bran- ches in small centres of the com- pany not only attracts depositors from the surrounding communities, but also avoids the competition. Moreover, Standard Trustco's Believed to be the largest dump trailer ever yards, and it's frameless construction design built in Canada, this 48 ft. long giant rolled out makes it less likely to tip when hoisted for dum- of the Raglan Welding plant the day before ping. (See story). Christmas. The trailer has a capacity for-120 cu. i ® Largest in Canada? The big, big, BIG trailer rolls home to Sudbury a Just before noon on December 24, OTR the biggest dump trailer ever built by Raglan Welding rolled out of the yard destined for its new home west of Sudbury. In fact, the giant trailer 48 feet long and 13' 6' high is believed to be the largest of its kind constructed in Canada. Made of Swedish steel and with a teflon liner inside, the trailer was bought by Nairn Construction near Sudbury and will be used to haul wood chips and sawdust for the E.B. Eddy Lumber Co. The frameless trailer has a capacity of 120 cu. yards, about dou- ble the usual size, according to John Michel of Raglan Welding. The company located on the Oshawa Road five miles south of Port Perry, has been building frameless dump trailers for the past three years, although most are about a dozen feet shorter in length than the giant that rolled out of the plant December 24. The advantage of the frameless 'construction is in the stability when the load is dumped. When the trailer is hoisted, everything but the rear wheels go up in the air and it is less prone to tipping over, according to Mr. Michel. He said it is possible to build larger trailers but the 48 foot length is the maximuin allowed on provin- cial highways. The teflon liner inside the trailer is to prevent the load from freezing in winter. It took about four weeks for Raglan Welding to build the trailer at a cost of about $55,000. Mr. Michel said that if Nairn Construc- tion is happy with the performance of the 48 foot giant, the company likely will order several similar ones. Raglan Welding has built about 60 frameless style dump trailers over the past couple of years. The com- pany has 80 employees and recent- ly expanded its manufacturing plant. Guaranteed Investment Certificates 101/2% 5 YEAR TERM Minimum Deposit $500. 10% 3 YEAR TERM Minimum Deposit $500. RATES SHOWN -- PER ANNUM The trailer was built for Nairn Centre Construction near Sud- bury and it will be used to haul wood chips and sawdust for the E.B. Eddy Co. The trailer is lined with teflon to prevent freezing. If this one works well, the company may buy several similar ones from Raglan Welding. 165 Queen St., the company's sole Toronto branch is located, he counted 60 financial E22 LIFESTYLE - 700 ~ Too much feasting over the holidays? Get back in shape at . Special rates also available on other amounts. All rates subject to change without notice. STANDARD TRUST Member of Canada Deposit Insurance Corporation Port Perry Tel. 985-8435 Open Monday to Thursday 9am to 5 pm; Friday 9am to 6 pm; Saturday 9am to 1 pm Trust company owes success to O'Malley small-town strategy has produced big-city profits. Assets have jumped almost 10-fold since 1977, while pro- fits have shot up to $9.14 million from $532,000 during the same period. Much of the credit must go to O'Malley, who came to Standard Trustco after 13 years with Montreal Trust Co. in Montreal, Toronto and Ottawa, eventually rising to be vice- president for Canadian branch operations. Hugh Brown, bank analyst with Toronto broker Burns Fry Ltd., says the 49-year old O'Malley has been the key player in turning the firm into a *'significant" trust company. Indeed; when O'Malley joined nine and a half years ago, the com- pany had only eight branches, all located in southern Ontario. Since then, this number has grown to 26 and the company now has a national focus with offices in Western Canada, Quebec and the Maritimes. Any tampering with this winning strategy isn't on the horizon for the staunchly conservative institution. "We have a pretty good formula for success,' says O'Malley. PORT PERRY PLAZA 985-8054 .. LIFESTYLE 2000. -- ANNUAL -- ) MEETING ~ Latcham Centre - Port Perry TUES. JANUARY 12th, 1988 COCKTAILS DINNER 6 PM Guest Speaker Mr. Brian O'Malley President & Chief Executive Officer of Standard Trustco Ltd. TICKETS: $15.00 Each Available at Port Perry Star, Stedmans, Emmerson Insurance. For further information contact chairman, Al Goreski ... 985-3068 Higher Interest on Your Investments i" 5 YEAR TERM Annual Compound Min. Deposit $500.