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Jim Justice and Virginia bank resolve differences and will drop suits

Jim Justice and Virginia bank resolve differences and will drop suits
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West virginiaUnited statesJim justiceSteve rubyCarter bankMartinsville circuit courtBassett based carter bankWorth carter

West Virginia governor sues Carter Bank & Trust, says bank wants to end long history of lending him millions

The governor of West Virginia has filed a $421 million lawsuit against Bassett-based Carter Bank & Trust over a decades-old relationship on his business loans. The suit, filed on Monday in the Southern District of West Virginia and first reported by the West Virginia Metro News, indicates that Gov. Jim Justice, a former billionaire coal magnate, had owed as much as $775 million to the bank. The court documents describe a longtime âgentlemanâs agreementâ between Justice and Worth Carter, the founder of Carter Bank & Trust, which has seven locations in the Lynchburg region. Carter died in 2017, and Justice claims that was when the cozy relationship that allowed for growing loans and indefinite extensions on payback arrangements ended.

United statesNorth carolinaWest virginiaPhyllis karavatakisJim justiceCarter bankAssociated pressWest virginia governor jim justiceHouse chambersBassett based carter bankSouthern districtWest virginia metro newsWorth carterVan dykeMartinsville bulletinOfficer brooks taylor

West Virginia governor sues Carter Bank & Trust because he says bank wants to end its long history of lending him millions

Gov. Jim Justice, a coal mining magnate, had a long relationship with the bank s founder and had owed as much as $775.

United statesNorth carolinaWest virginiaPhyllis karavatakisJim justiceCarter bankAssociated pressBassett based carter bankSouthern districtWest virginia metro newsWorth carterKings mountain roadVan dykeMartinsville bulletinOfficer brooks taylorJustice entities