Record #:

30265

Author(s):

Stock, Paul

Abstract:

Jim Melvin, the former banker and former mayor of Greensboro, discusses a lawsuit from the late 1980s that brought about the demise of many of the country’s savings institutions. One institution that did not survive was 1st Home Federal of Greensboro. Melvin, and the lawsuit in question, maintain that it was the government’s breach of contract that forced management to split up and sell off the institution.

Source:

Carolina Banker (HG 2153 N8 C66), Vol. 86 Issue 3, Fall 2007, p29-30, por

Subject(s):

Bankers; Banks and banking