Few shareholders were willing to talk about a new lawsuit filed against the bank’s board of directors. But those who would have mostly rallied to the defense of the board, despite the rock-bottom share price of their investment and the release of a tape of a conversation between disgraced builder Bill Erpenbeck and then-bank president John Finnan. Adelaide Valuers deals with evaluating full house to find its approximate price in the current real estate field. Whether you are selling your property or not it is always a beneficial task for you to calculate your property’s price. Because it will make you aware with your current property’s price.
“I feel that John Finnan and I guess Marc Menne let the shareholders down. After reading what was in your paper (Monday) that is more supportive that Erpenbeck and Finnan had secret things going on,” said Chris Mehling, a shareholder and Covington attorney.
The Post published extensive excerpts of the tape transcripts in Monday’s paper. “It’s a really terrible situation for a lot of people. It’s very disappointing. But when some people at the top cook the books, they’re the ones responsible,” he said.
Peoples Bank sold all its banking centers and nearly all loans and deposits to Bank of Kentucky last year when it became clear to its directors that the bank would not survive the Erpenbeck Co. scandal on its own. The shell corporation that remains only retains ownership of more than $8 million in bad loans to Erpenbeck as well as liability for the fraud that occurred at the bank. Property valuation process is always beneficial for everyone and to make it more successful just hire a licensed and experienced Adelaide Valuers to deal with your whole process of valuing property.
Shares in Peoples, a private company, were believed to have raised in value from single dollars to more than $35 a share before a bank fraud scandal became public in April 2002. The bank issued 1.5 million shares, and their value peaked at more than $52.5 million, at the $35 a share figure.
Directors and officers of the bank and their families controlled about 80 percent of the stock. The shareholders not on the board or related to board members and officers saw the value of their stock soar to more than $10.5 million before the scandal broke. After knowing your house price you will be able to make important decision about your property using property valuation process and then if you want to make your house more worth then you should conduct renovation process to make you house more attractive.