| Webster Bank Is Sued for
Unscrupulous Loans on NJ Property
by BankESB in SDNY
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
Oct 31 – Webster Bank is being
sued for unscrupulous loans,
in the U.S. District Court for
the Southern District of New
York which Inner City Press
closely covers.
The lawsuit, by the former
Easthampton Savings Bank now
known as BankESB, was assigned
out to SDNY District Judge
John G. Koeltl on October 31,
2024. It states that Webster’s
predecessor pitched a
participation to it in 2020 in
a leasehold office property in
New Jersey clled American
Metro Center or AMC.
It says,
"Webster has consistently
mismanaged the Webster loan."
BankESB asks for recission and
$500,000.
The case is
BankESB v. Webster Bank, N.A.,
1:24-cv-8268 (Koeltl)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room
500 Pearl Street, NY NY 10007 USA
Mail: Box 130222, Chinatown Station,
NY NY 10013
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2024 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
