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Unsecured Bank Loan Told in Probe
Washington testimony details a loan exceeding $600000 approved by Don C. Silverthorne to Morris and Garrett for acquiring Mainland Bank and Trust Co in Texas City. He described taking risky assets as security including liens on 25 to 30 properties valued at about $3 million and appraised at $1.5 million.
MENTIONED IN THIS ARTICLE
Washington
UPI
San Francisco
Mainland Bank and Trust Co
Texas City
Tex
Don C. Silverthorne
San Francisco National Bank
First National Bank of
Marlin, Tex
Subcommittee
Joseph B. Norris
Bernard S. Garrett
Morris
Garrett
Marlin Bank
Silverthorne
Morris and
Texas City Bank
Florence