- Report: #416627
Report - Rebuttal - Arbitrate
Complaint Review: Park National Bank - Vision Bank - Silverton Bank
Park National Bank - Vision Bank - Silverton Bank50 N. Third Street Newark,Ohio/Panama City,Florida/Atlanta, Georgia, Ohio U.S.A.
Park National Bank - Vision Bank - Silverton Bank get 100 million in bailout money, but keep $4 million of purchaser's escrow money, and leave all hardworking creditor's at Shores of Panama Resort holding the bag! Newark,Ohio/Panama City,Florida/Atlanta, Georgia Ohio, Florida, Georgia
*Author of original report: Silverton Bank Atlanta Georgia
*Author of original report: Silverton Bank Profits from unsecured creditors at Shores of Panama Resort, in Panama City Beach, Florida
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Park National/Vision Bank want to foreclose on the property free and clear of all liens, and leave the common, hardworking people that never got paid for their work, and the purchaser's who put their life savings down as escrow money for those units, holding the bag!
Furthermore, I think it's going to work! What a beautiful scam!! Bank takes the property back for the 66 million that it is owed, leaving everyone else screwed, then sells the property at the recently appraised value of over 80 million! BANK MAKES 15 MILLION TO BOOT! $273,000 of that is mine! Can you imagine my anguish??
Someone please help!! The sale is scheduled for March 5, 2009 in Panama City. To date, the bank has made no offer to return our escrow money, or even to credit our escrow money, and let us close. THIS IS ALL FACTUAL!! I know it's hard to believe, but it's true!! And, Park National Bank, who owns Vision, got 100 million dollars in federal bailout money on Dec. 23, 2008! How crooked is that??
If anything changes, I'll be sure to let you know, but right now Park National is actually trying to benefit at the expense of hardworking Americans.
Santa Rosa Beach, Florida
This report was posted on Ripoff Report on 01/26/2009 10:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Park-National-Bank-Vision-Bank-Silverton-Bank/NewarkOhioPanama-CityFloridaAtlanta-Georgia-Ohio-43055/Park-National-Bank-Vision-Bank-Silverton-Bank-get-100-million-in-bailout-money-but-ke-416627. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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