Maye and Faye's Building & Loan: The Story of a Remarkable Sisterhood - Hardcover

Smith, Maye; Hudson, Faye; Whitaker, Leslie

9780060174385: Maye and Faye's Building & Loan: The Story of a Remarkable Sisterhood

Hardcover

ISBN 10: 0060174382 ISBN 13: 9780060174385

Publisher: Harpercollins, 1997

Two West Virginia twins trace their ascent from tellers at the local savings and loan during the Depression to the bank's presidents to millionaires, thanks to financial prudence, hard work, and friendliness. 50,000 first printing. $65,000 ad/promo.

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About the Author:

Faye Hudson is the former vice president of the Point Pleasant Federal Savings Bank.

From Kirkus Reviews:

Small-town values--integrity, responsibility, neighborliness, hard work--prevail in the success story of two sisters from West Virginia. Savings and loan companies were crumpling across the country at the same time Maye and Faye were turning a profit at the Point Pleasant Federal Savings & Loan in their small town. Maye and Faye are identical twins who began as tellers at the bank. Maye (``more bossy'') went on to become its president, Faye the vice president. Although conservative in their investments and in banking practices, the twins took the bank beyond its cozy, river-town framework, investing, for instance, in real estate outside West Virginia, obtaining a federal charter, selling stock, and eventually (in 1995) selling the bank for $17.5 million. Not bad for a couple of high school graduates whose family was so strapped for cash that the nearsighted twins shared a pair of eyeglasses. Coauthor Whitaker was also a writer on the bestselling Beardstown Ladies Common Sense Guide to Investing, but there is no literary or financial bonanza here. Maye and Faye alternate in telling tales of their childhood and growing up, their slow and steady progress in the banking industry, and humdrum anecdotes of admirable but undistinguished customers and colleagues. Stories of Point Pleasant's changing economic scene and of the frequent flooding of Main Street offer a lift. But the few glimpses of banking behind the scenes and two pages of tired financial and career tips (``Save a portion of every pay check,'' ``Know your competition'') don't add weight to the commendable but mundane story of the twin bankers. Hooray for Maye and Faye, but their story, unfortunately, is a magazine article stretched too far. ($65,000 ad/promo; author tour) -- Copyright �1996, Kirkus Associates, LP. All rights reserved.

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