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Virginia bank delays plans to auction land at resort owned by West Virginia governor s family | News, Sports, Jobs

Virginia bank delays plans to auction land at resort owned by West Virginia governor s family | News, Sports, Jobs
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AP Business SummaryBrief at 4:27 a m EST

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Martinsville Bank delays auction of governor s resort land

Carter Bank & Trust has postponed its planned auction of land at West Virginia Governor Jim Justice s posh resort in an attempt to recover more than $300 million on defaulted business loans by the governor s family. The bank has said it would "aggressively" pursue $302 million it was owed in principal debt, plus interest and fees, from companies owned by the governor s family. The auction was scheduled for March 5, but the bank has now rescheduled it to a later date. The auction was also postponed due to a request by the Greenbrier Sporting Club for a preliminary injunction against the bank.

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Bank to delay land auction at West Virginia Gov Justice s resort

Carter Bank & Trust of Martinsville, Virginia, has announced its intent to reschedule its plans to auction off land at a resort owned by Republican West Virginia Gov. Jim Justice.

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