- 3 -
Mr. Shedd served as a loan officer, specializing in real
estate financing, for First National from 1952 until 1963.
During 1963, he left First National to become president of
Mission Mortgage Co. (Mission), a subsidiary of Lusk Corp.
(Lusk), a publicly held home building company with headquarters
in Tucson, Arizona. Mr. Shedd's responsibilities for Mission
included obtaining construction and permanent financing for large
cooperative housing projects in which Lusk was involved.
Sometime later, he briefly served as corporate treasurer of Lusk.
He left Lusk in January 1966 when the company went bankrupt.
Mr. Shedd then took a position with Arizona Trust Co.
(Arizona Trust), a mortgage company. His responsibilities for
Arizona Trust included originating loans to individuals and
packaging the loans for resale to investors.
During spring 1968, Mr. Shedd was hired by Estes Bros.
Construction Co. (Estes Bros.), an Arizona corporation. Estes
Bros. built homes in the Tucson, Arizona, area. Mr. Shedd's
primary responsibility for Estes Bros. was to obtain favorable
financing at known discount rates so that Estes Bros. could
provide favorable financing for its customers and maintain a
reasonable cost structure for itself. During 1971, Mr. Shedd
acquired 5 percent of the shares of Estes Bros. The remaining
shares of Estes Bros. were owned by William Estes, Sr. (80
percent), and William Estes, Jr. (Mr. Estes) (15 percent).
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011