Posted 3/26/2013 04:00 pm
Updated 9 months ago
Layton "Scooter" Stuart, the former chairman and CEO of One Bank & Trust, died Tuesday afternoon at St. Vincent Infirmary Medical Center in Little Rock, where he had been taken to the emergency room for respiratory distress, according to Pulaski County Coroner Gerone Hobbs.
He was 62, according to obituary information provided to Reubel Funeral Home by the family. Coroner Hobbs said he was 61.
Hobbs said Stuart had been in the coronary care unit at St. Vincent last week and was taken back to the ER at 1:43 p.m. He was pronounced dead there less than an hour later, at 2:36 p.m.
Stuart was the owner of OneFinancial Corp., the holding company for One Bank & Trust of Little Rock. He was its former chairman and CEO.
Stuart had been under investigation after One Bank's regulator, the Office of the Comptroller of the Currency, ordered an audit of the bank in September. In a rare move, the OCC also ordered the bank's directors to strip Stuart of his positions and fire him.
The following month, One Bank's directors appointed Gerald F. "Jerry" Pavlas as president, CEO and director.
Stuart still owned 99.9 percent of the bank through the holding company. One Bank has operated under a supervisory agreement with the OCC since January 2011. The $439.7 million-asset bank reported a $4.2 million loss during 2012.