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Memorial Building collateral for Mercer County annex loan
The Memorial Building will be used as collateral in a funding package for the Mercer County Courthouse Annex project. A federal rule requiring 85 percent collateral prompted raising the loan from 4.2 million to 5.2 million. Construction is planned to begin in March and last about 12 to 14 months. City National Bank of Beckley must approve the arrangement.
MENTIONED IN THIS ARTICLE
Princeton
Mercer County
Mercer County Commission
Building Commission
City National Bank of
Beckley
John Anderson
Anderson
City National
County Commission
Gardner
Swope Construction
Bluefield