Word: bankes
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Dates: during 1970-1979
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Gregory gave $228,000 to charities, including the First Baptist Church in Pensacola and the Shriner's Hospital for Crippled Children in Galveston, Texas, between 1974 and 1977. His First Bank of Macon County (Ala.) gave an unsecured $31,200 loan to the Atlanta-based Institutional Development Corp., which aids disadvantaged youths and has the strong backing of First Lady Rosalynn Carter. The same bank lent $32,400 to Robert Stapleton-husband of Jimmy Carter's sister Ruth-for the purchase of an evangelistic retreat in Denton, Texas...
...last spring the Federal Deposit Insurance Corporation issued cease and desist orders against Gregory's five banks, charging unsound practices. State bank examiners said the loan to Robert Stapleton was "substandard"; they initially wrote off the loan to Institutional Development Corp. as a "loss," but it was later repaid. Gregory's bank in Macon County closed in January. Another bank, in Wilcox County, Ala., closed in March. On Good Friday, Gregory and Vonna Jo were indicted on Alabama felony charges that they accepted deposits at a bank that was about to be closed...
Last week the whiff of shaky bank dealings-an uncomfortable reminder of the Bert Lanceaffair-caused dismay at the White House. Said Press Secretary Jody Powell: "What contacts Gregory had with the President have been in the relationship of a financial contributor." An aide to the First Lady made clear that she "does not consider Gregory a close friend." John White, Jimmy Carter's nominee as the Democratic National Committee chairman, declared that he "never heard of Gregory until TIME started asking about him." Immediately after, White phoned Gregory and took back an invitation to a D.N.C. finance council...
...without fear of being fired. Speed Skater Peter Mueller, winner of a gold medal in the men's 1,000-meter event in 1976, is working for Miller's Canteen Corp., and Augie Hirt, one of the nation's top race-walkers, is employed by Continental Bank in Chicago...
...writer has perforce abandoned a well-learned profession for the typewriter. Kojak-bald Al Nussbaum, 44, was on the FBI's Most Wanted list in 1962; convicted on seven charges of bank robbery (he won't say how many other jobs he pulled), Nussbaum served 14 years in federal pens where he became a prolific and successful crime writer, mostly for Alfred Hitchcock's Mystery Magazine. He now turns out screeds under his own name, which is German for nut tree, as well as Alberto Avellano and A.F. Oreshnik, which have similar meanings in, respectively, Spanish...