Utah Properties Subject of One Bank & Trust Lawsuit

by Arkansas Business Staff  on Monday, Jul. 1, 2013 12:00 am  

The Founders Ridge manor controlled by Phil Herrington is part of a foreclosure lawsuit filed by One Bank & Trust of Little Rock.

One Bank & Trust is suing Little Rock businessman Phil Herrington, his Herrington Inc. private equity and development firm and six business entities associated with a $5 million loan backing a five-lot project in Utah.

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