To: cva66snipe
Don't forget CH Butcher, Jr. also headed up the C&C Bank “chain” that included numerous C&C Banks of various counties, including the headed by Jake & CH’s father Cecil Butcher, Sr. The jump in interest rates and recession caught them over leveraged.
To: TennMountains
Don't forget CH Butcher, Jr. also headed up the C&C Bank chain that included numerous C&C Banks of various counties, including the headed by Jake & CHs father Cecil Butcher, Sr. The jump in interest rates and recession caught them over leveraged. Didn't C&C get merged in with Jakes takeover and buying of Park National and Hamilton Banks? I know they started out with C&C like you said. Before that they had an oil company where suposidly all the money came from. Not buying that either.
Only one local person I know of got that rich in such short time and he has an untarnished reputation. That man built a Gone with the Wind type mansion in Knoxville and paid cash for ir as he went. He owns a large surgical instruments and medical supply company in the area and is high respected.
80 posted on
01/22/2009 9:20:23 AM PST by
cva66snipe
($.01 The current difference between the DEM's and GOP as well as their combined worth to this nation)
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