Stuart Family Files Emergency Petition as Hickory Creek Home Heads Back to One Bank

by Arkansas Business Staff  on Monday, Sep. 9, 2013 12:00 am  

One Bank & Trust will repossess Layton “Scooter” Stuart’s  Hickory Creek mansion before year’s end.

Richard Torti, trustee of the Stuart Family 1997 Trust, requested the release of $1.5 million seized by the government in its forfeiture action against the former chairman, president and CEO of One Bank & Trust. Torti argues that the nearly $17.7 million seized by the government exceeds its financial claims against Stuart by at least $4 million. The lion's share of that money is from a life insurance policy on Stuart, who died March 26.

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