Word: 1st
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Dates: during 1990-1999
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...nice, asking her how things were going and telling her not to worry about the Whitewater bank loan. Yet Proctor himself was evidently still trying to get the financial statement from the Clintons. Susan Sisk, the senior lender at Twin City at the time, recalls chatting with Wes Strange, 1st Ozark's new president, who mentioned that Clinton had recently made a speech in the Flippin area. "I told Bill," Strange reported to Sisk, "we still need the financial statement...
Susan McDougal was aware that something was going on between Hillary, 1st Ozark, and officials at the parent, Twin City. One day Hillary called, asking Susan to get a copy of a Whitewater document and drop it off at the Twin City headquarters in North Little Rock, which Susan did. Then, soon after, Susan received a call from the Governor himself. "Would you mind," he began, "Hillary wants to look at the documents" to support Susan and James' calculations on the yellow pad. So Hillary didn't trust her, Susan thought. Well, she'd be only too happy to give...
...adfa, it was named the trustee for four bond issues in 1988 and 1989, which brought in some lucrative fee income. Twin City, in turn, steered at least some legal work to the Rose firm. So when the unresolved issue of the Whitewater loan again arose at a 1st Ozark board meeting, Penick said, "Margaret and Hillary are close friends, so I'll have Margaret talk to Hillary about this...
...EVERYONE AT THE BANK IN FLIPPIN WAS COMFORTABLE ABOUT what was happening. Vernon Dewey, a loan officer at 1st Ozark, thought it was imprudent and that the bank should call the loan. He'd written the Clintons repeatedly asking, then demanding, that they provide a financial disclosure. He couldn't understand why the Clintons wouldn't provide it. Surely they understood that no matter what the statements showed, the bank was all but certain to renew the loan since he was the Governor. The Whitewater loan was the only one in the bank's portfolio that had such irregular documentation...
Dewey's argument seemed to make the board nervous. Clinton was, after all, the Governor. Edward M. Penick, president of Twin City and ex-officio chairman of 1st Ozark, said he'd take up the matter personally. He knew Hillary somewhat; Hillary and the Rose firm had successfully represented Twin City in a complicated bond case. Penick drafted the letter and sent it to Hillary at the Rose firm...