Allied Auction Saw More Banks Bid; Chambers Garnishes Golden’s Last Paycheck
The OREO component separated Today’s Bank's winning bid of a negative $6.14 million from the pack. And in its collection efforts, Chambers last month garnished an $886 paycheck, one of Lex Golden’s last paydays at Allied. read more >
Two Others in Hunt for Allied Before Today’s Bank Took Ownership
Today’s Bank of Huntsville was awarded ownership of the $66.3-million asset lender with a negative bid of $6.1 million. read more >
Today’s Bank Takes On Teetering Allied
The Allied Bank staff was still a little shell-shocked when they convened at the main office in Mulberry on Saturday, Sept. 24. The day after regulators took over the $66.3 million-asset lender, employees gathered to learn what the future held under the new ownership of Today’s Bank of Huntsville. read more >
by George Waldon -
Today’s Bank Named Receiver for Undercapitalized Allied Bank
State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy. read more >
by Gwen Moritz -
Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate
A proposed $2 million sale of three of Allied Bank’s six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock. read more >
by George Waldon -
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