Sunday, February 21, 2010

Investors Stark, Owen: Signatures on Bloomington area loan documents forged

The complaint marks the first specific case of alleged fraud related to the bank's troubled commercial loan portfolio. Last fall, regulators found the Normal bank to be undercapitalized, alleging poor selection of credit risk and improper lending controls, and ordered it to shape up or find a buyer.

Two Twin City investors whose money was used to secure a $3 million loan to one of developer Larry Hundman's real estate companies claim their signatures were forged on key documents

Click on the following for more details:  Investors Stark, Owen: Signatures on loan documents forged

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