Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Belmont Says Prior Losses Prompt Lawsuit.


BRIDGEPORT, Ohio--(BUSINESS WIRE)--Oct. 29, 1999--

Belmont Bancorp. announced that it had obtained a copy of a lawsuit filed in Ohio County Ohio County is the name of three counties in the United States:
  • Ohio County, Indiana
  • Ohio County, Kentucky
  • Ohio County, West Virginia
See also: Ohio Country
, W. Va. against it, Belmont National Bank, and certain officers, directors and others. The lawsuit asserts that stockholders of Belmont Bancorp. were damaged as a result of previously reported loan losses on transactions with Schwartz Homes Inc., according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 James F. Bauerle, Belmont senior vice president and counsel.

"We welcome this further opportunity to present the facts of this case," stated W. Quay Mull II, Belmont Bancorp.'s chairman of the board and interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "On behalf of Belmont Bancorp. and its shareholders, we have initiated aggressive action to recover losses that our bank has suffered because of the improper conduct of a few individuals. We are vigorously seeking restitution from those who we believe were responsible. Those efforts are continuing. We are also pursuing recovery from Progressive Insurance, who provided the Bank with insurance coverage against wrongful acts of employees. We continue to receive the full cooperation of federal law enforcement authorities."

Belmont National Bank, established in 1846, serves the people of eastern Ohio with offices in Bellaire, Bridgeport, Cadiz, Lansing, New Philadelphia New Philadelphia, city (1990 pop. 15,698), seat of Tuscarawas co., E Ohio, on the Tuscarawas River, in a coal and clay area; founded 1804, inc. 1833. Foundry products, machinery, and pottery are made. The Tuscarawas Campus of Kent State Univ. is there. , the Ohio Valley Mall Valley Mall may refer to:
  • Valley Mall (Harrisonburg), a shopping mall in Harrisonburg, Virginia.
  • Valley Mall (Hagerstown), a shopping mall in Hagerstown, Maryland.
  • Valley Mall (Corner Brook), a shopping mall in Corner Brook, Newfoundland and Labrador.
, St. Clairsville St. Clairsville may refer to:
  • St. Clairsville, Ohio
  • St. Clairsville, Pennsylvania
, Schoenbrunn, and Shadyside, as well as branches in the Woodsdale and Elm Grove areas of Wheeling, W. Va.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 29, 1999
Words:221
Previous Article:Berger & Montague P.C. Announces Class Action Lawsuit Against Abercrombie & Fitch Co. and Lazard Freres & Co., LLC.
Next Article:Concord and Empire Complete Merger.
Topics:



Related Articles
SUPERVISORS WANT BELMONT PROBE; CALL FOR CRIMINAL INVESTIGATION MADE INTO WHETHER CONTAMINATION COVERED UP.
LAUSD TO SUE TOP L.A. LAW FIRM.
SCHOOL COST A SHAM; BELMONT'S FINAL PRICE LIKELY TO BE DOUBLE LAUSD'S `GUARANTEE'.
SPECIAL PANEL URGED TO TELL LAUSD TO ABANDON SITE.
BELMONT LAWYERS TURN TO PR; FIRM HIRES LOBBYIST TO MOUNT DEFENSE.
JUDGE BLOCKS LAUSD PLAN FOR BB FUNDS.
PANEL TO LOOK DEEPER AT COSTLY L.A. SCHOOL.
BUILD BELMONT WITHOUT BB BOND FUNDS, PANEL SAYS.
JUDGE REJECTS CASE AGAINST BELMONT HIGH.
SCHOOL BOARD, UNIONS REACH DEAL ON BELMONT.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles