Word: rivers
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Dates: during 1990-1999
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...tight white tank top; she knew her husband liked the impression she made as they traveled along the rural highways. Susan gazed out on the rugged hills of north-central Arkansas and thought how pretty it was. They passed occasional signs advertising campgrounds and raft trips down the White River. With the mild winters and scenery, McDougal was convinced that real estate in the area would be attractive to growing numbers of retirees. Jim and Susan McDougal were always on the lookout for real estate deals...
...their communities and prevent statewide domination by the bigger banks in Little Rock. Branch banking was the single most important issue on the Twin City political agenda, because the bank was incorporated in North Little Rock. All it could do was gaze enviously at its rivals across the river in richer and more populous Little Rock...
...Take a look at this," Wade said when the McDougals arrived in Flippin after the three-hour drive from Little Rock. A group of local businesspeople, shareholders of the 101 Development Corp., had just listed a parcel of 230 acres along the White River, about a 20-minute drive from Flippin. The group had bought the property after the prior owner had fallen into bankruptcy. McDougal was intrigued, especially because the acreage had a lot of frontage on the White River. The river descends through the rugged terrain of north-central Arkansas and has stretches of white water, making...
...approval process. Despite its small asset base and remote location, the bank in Flippin was conservatively run. By its standards, a $200,000 loan was a big deal. Burge was also concerned that the small bank had too many loans outstanding in this single area around the White River, since the bank had also financed some of the 101 Development Corp.'s purchase of the larger parcel from which the 230 acres were being carved...
...whole thing was deeply embarrassing to McDougal. Here he'd brought the Clintons in as a favor, and the investment was turning sour. Thus it was with considerable excitement that McDougal told Bill and Hillary of the project's first sale, one of the lots bordering the river, in September 1979. Within six months, they'd sold five more lots. But the down payments on the lot sales barely covered Wade's real estate commissions and the closing costs. At the end of May 1980, with the Citizens Bank loan up for renewal and the next quarterly interest payment...