Word: ozarks
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
...appears to be an abbreviation for "talk." And, in fact, $56,623 was the precise amount of the 1st Ozark loan outstanding as of Oct. 3, 1986, and $2,303.78 was the interest then due on the Whitewater loan...
...Ozark's loan committee considered, among other things, the Whitewater loan. Proctor reported on a visit he had made to Whitewater the previous month, which resulted in the bank's valuing all of Whitewater at $104,000. The committee gave the loan a risk rating of 3, meaning the bank should start preparing for a default, but still hoped the loan would perform. The committee attached several conditions to approving the loan renewal, including obtaining the Clintons' personal financial statement for the bank's files...
That winter, 1st Ozark wasn't the only bank seeking the Clintons' disclosure statement. Security Bank of Paragould, the lender of the money for the Hillary house, had also written Hillary asking her to "complete the enclosed financial statement" in order to extend the Paragould loan. Such a document in Security Bank's files is signed by both Bill and Hillary Clinton. The form lists the same asset values as the one submitted to 1st Ozark, and carries the instruction, "Do not include assets of doubtful value." The statement concludes with the admonition that "each undersigned represents and warrants that...
...April 1988, 1st Ozark again contacted Hillary about renewing the Whitewater loan. Efforts to reach the McDougals in California had failed, and the bank had waived the requirement that the McDougals submit a financial-disclosure form, noting in a memo that the loan was "guaranteed by Bill Clinton." But the bank set about getting the Clintons' form, as well as a financial statement for Whitewater itself. In a letter dated April 12, 1988, Wes Strange wrote Hillary, "I have also enclosed a renewal note, hoping that you could help me in getting all the signatures on this and returning...