What's missing from this story is more detail about the alleged credit "improprieties" the former Home National Bank employee says occurred at the Bank. Brian Ruisinger, the former chief financial officer suing the bank, makes these accusations but does not outline them in his lawsuit, and his attorneys have not returned calls for comment.
The Treasury Department Audit of why HNB failed use the words "fraud" or credit irregularities, like Ruisinger's lawsuit does, but it does say that it failed to stop risky credit practices and that its actions were considered "egregious."
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4 comments:
"What's missing from this story is more detail about the alleged credit "improprieties"
Yes, it is to bad Ark City doesn't have a newspaper that can investigate the story......
Anonymous @ 7:17 am.....couldn't agree more!!!!
^^^ What they said!
The reason details are missing is because no one does any journalistic investigating anymore. It seems like all that gets reported are press releases. You need a reporter who will dig in and investigate, and not worry about if he or she ruffles a few feathers.
Looks like the City of Ark City saved some serious coin over what they were paying the "Old" city manager.
Isn't it now $85,000 vs. almost or over 6 figures for the previous manager?
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