A new lawsuit has arisen from the financial meltdown of Acme Holding Co., parent company of the $98.6 million-asset Allied Bank of Mulberry (Crawford County).
The suit seeks $178,082 each from two trusts established for the benefit of the children of Alex Golden, CEO of Allied Bank, and his sister, Amy McCay, who left the bank as vice president in 2013 amid regulatory scrutiny over her duties and her salary.
Also named in the lawsuit is their father: Lex Golden, chairman and CEO of Acme, now in the final stages of Chapter 7 liquidation. Lex Golden personally guaranteed the notes held by the plaintiff, the John S. Hunter IRA.
We’re told Hunter is a former president and director of Allied Bank.
The Crawford County Circuit Court suit also names Alex Golden and Amy McCay as defendants in their roles as trustees of their respective children’s trusts.
The debts are tied to a pair of $187,454.74 promissory notes dated Dec. 27, 2011.
We understand the combined debt reflects money owed to Hunter for selling his ownership stake in Acme to the trusts. The two promissory notes were due in full last December.
At last count, the trusts each held a 1.64 percent stake in Acme.