Old Court S&L faces conservatorship amid alleged irregularities
The Baltimore Sun reports Old Court S&L bloated to 840 million with rapid growth and insiders, including president Jeffrey Levitt, cited in court papers. Alleged issues include $5.7 million in overdrafts and $5.78 million in unsecured loans to insiders, $1.96 million in Levitt fees, and improper refinancing and underwriting of loans. The state seeks a conservatorship as Old Court draws $50 million from the Federal Reserve and contemplates asset risk. Experts note Levitt defended the bank, while Ohio closed privately insured S&Ls in March to avert runs.
MENTIONED IN THIS ARTICLE
Old Court
Jeffrey Levitt
Faulkner
MSSIC
Baltimore Sun
Levitt
Sun
Federal Reserve
The
Balmore Sun
Ohio
Richard F. Celeste
Florida
Barbershop moves spark street clear up effort
Mrs. Butler described inadequate wiring and heating as part of the mess on the block and said the street cleanup would have been done differently. Lyles plans to reopen next week at 28 W All Saints St in the former Dr. Snowhall building, staying in south Frederick to serve walking customers. He believes customers will return after learning of his relocation, while Butler faces financial stress from the disruption.
MENTIONED IN THIS ARTICLE
Sandra Butler
Mrs. Butler
All Saints
Hill
South Market Street
C. Kurt Holter
All Saints St
South Frederick
S. Market St
Lyles
Butler
Bechtel’s long career with Maryland State Police outlined
Bechtel recalls applying after spotting state police, entering exams, and joining the Jan 1958 academy. He served at Frederick and other barracks, drafted during his career, chose Frederick again after White Sands, faced a mobile home incident, and rose to command at Frederick in 1982. He notes a need for more officers, cites drug trafficking as a root cause, and plans for home projects with family in Thurmont.
MENTIONED IN THIS ARTICLE
Bechtal
Allegany County
Maryland State Police
Pikesville
Bechtel
Thomas Bosley
Internal Affairs
William L. Newcomer
Leo Shank
Bosley
Frederick Barracks
Academy
U.S. Army
White Sands Missile Range
New Mexico
MSP
Frederick
Thurmont-Emmitsburg
Frederick County
U.S. 15
Payne’s Hill
C . Beehhtel
Montgomery County
Rockville Barracks
Automobile Safety Enforcement Division
ASED
Westminster Barracks
Hagerstown
Thurmont
Erma
Terri
Tracey Gebhart
Art museum opens first U S Chagall exhibit in 40 years
Hundreds queued outside the Philadelphia Museum of Art for the opening day of Marc Chagall’s first major American show in four decades. The exhibit, intended as a tribute to a living artist, becomes a memorial after Chagall’s death at 97. The display features oil paintings, stained glass, theater sets, gouaches and etchings from across his seven-decade career.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelphia Museum of Art
Marc Chagall
Chagall
Russia
Paris
United States
France
Also Mentioned on This Page
Gov. Thomas Johnson
Thomas Johnson High School
S&l
Carder
Corning
N.Y
Frederick Carder
Sevi Museum of Glass
Provo
Utah
Brigham Young
Robbie Bosco
BYU
Gifford Nielsen
Marc Wilson
Jim McMahon
Steve Young
Bosco
John Wentz
Commercial Credit Savings and Loan Association
Frederick Food Outlet
Frederick Produce Co., Inc
East Fifth Street
Frederick, Md
Delmonico
NIFDA
Oscar Mayer
Franks
Byron
the News
Gradunies
Fiat
Ametagin
Rice
AGAP
Fr. Rederick Office Supply Inc
Frederick Mb
Francis Scott Key Mall
Dodge Automation
Lonnie
Watkins Burdette Motor CO. Inc
Francis Scott Key
Maryland
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!