Carter Bank Sells $209M Justice Loans, Shifts Focus
Charleston West Virginia News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Carter Bank in Virginia sells over $200 million in past-due loans linked to Senator Jim Justices family businesses, incurring significant losses. The Justice family, including Senator Justice, his wife, and son, had personally guaranteed the debt. The banks founders death in 2017 led to stricter lending rules, and a lawsuit alleged misuse of Greensill financing. The loans are now with a new buyer, and the Justice family shifts focus, while Carter Bank prepares for first-quarter earnings release.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/72fe0fc4fd3bc4db