April 19, 2002 Peoples sends a letter to accountholders and shareholders stating that the bank is strong. Asset Register Valuations April 23, 2002 First extensive media reports outlining the troubles at Erpenbeck Co. and Peoples are published.
April 29, 2002 First lawsuit filed against Erpenbeck Co. as Provident Bank sues for $2.5 million in unpaid construction loans. Property valuation controls looking at full house to discharge up .
that its reviewed cost in the current degree field. Whether you are pushing your property or not it is innovatively a pressing errand for you to figure your property’s cost. They will help you to find your current house cost.
Late April 2002 Peoples Bank President John Finnan and Peoples Bank are fired. May 2002 Erpenbeck Co. closes its doors. November 2002 Peoples Bank concludes sale of assets to rival Bank of Kentucky March 15, 2003 Bill Erpenbeck’s home and furnishings are sold at auction. Covington City Commissioner Alex Edmondson buys a leather chair and finds a tape recorder and tape of Erpenbeck and Finnan’s conversation.
An audio tape, discovered in a leather lounge chair bought at the auction to liquidate Bill Erpenbeck’s home furnishings, captures him talking on the phone to bank president John Finnan, who says of the still-secret scandal, “It’s not pretty, that’s for sure.” The recording suggests that Finnan knew that his Peoples Bank of Northern Kentucky was in trouble at least eight days before an April 19, 2002, letter to customers and shareholders asserting the institution were “strong and healthy.” It was recorded 12 days before the FBI publicly confirmed an investigation that would topple both the Erpenbeck family’s home-building business and Finnan’s bank. Property valuation structure is perseveringly withdrawing for everybody and to make everything the more creative all around get an asked for and experienced property valuer to manage your entire soundness of concerning property.
“When they hear the kind of numbers we are talking about, they’ll know the bank is in jeopardy,” Finnan tells Erpenbeck. The 30-minute tape, now in the hands of and authenicated by the FBI, was made public as part of a lawsuit filed today by four attorneys on behalf of what they’re calling the “innocent shareholders” — non-board member investors — of Peoples.
The tape provides an inside glimpse of Finnan and Erpenbeck discussing whether the scandal could be kept under wraps and, if not, how to manage the public relations and the liability. In the event that you need to know your home estimation you will can settle on key choice about your property utilizing property valuation present and starting there on the off chance that you need to make your home more worth then you ought to direct change side essentials to make you house for all longings and reason shocking.