Remember those summary judgments against Little Rock banker Alex Golden and his sister, Amy McCay, the ones we told you about more than a year ago?
We had heard that Golden, president and CEO of Allied Bank, and McCay had reached some sort of financial accommodation with the Federal Deposit Insurance Corp.
Whatever deal was struck by Golden and McCay is no more.
The FDIC locally registered judgments of nearly $900,000 against Golden and more than $324,000 against McCay. Translation: The feds are here to collect.
The awards in U.S. District Court in Atlanta can be traced back to loan defaults and in-clude judgments against the siblings as trustees of their children’s trusts. You might recall the FDIC filed the lawsuit as receiver of $4.1 billion-asset Silverton Bank of Atlanta, closed by the Office of the Comptroller of the Currency on May 1, 2009.
We were told the delinquent loans were tied to the purchase of stock in Acme Holding Co., the now-bankrupt parent company of Allied Bank.
The Silverton loans were originated on Jan. 18, 2008, and matured on Jan. 13, 2013.
Acme Holding is led by its CEO, Lex Golden, father of Alex and Amy.