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Hearings Begin on Bert Lance Banking Controversy
The Senate committee starts hearings on Bert Lance's banking actions. Overdrafts show Lance rose from teller in 1951 to bank president in Georgia, with accounts overdrafted for years. The comptroller ordered an end to overdrafts in 1975. A 1975 loan from Manufacturers Hanover to Lance echoed a noninterest correspondent account. The Justice Department faced referral but took no action.
MENTIONED IN THIS ARTICLE
Washington
Senate Governmental Affairs Committee
Bert Lance
Lance
Teller
Calhoun First National Bank
Georgia
Comptroller of the Currency’s
Lances
Comptroller’s Office
Justice Department