Word: heimann
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Bert Lance was summoned last week for what was supposed to be an unpublicized interrogation by Comptroller of the Currency John Heimann, who is investigating loans the budget director has received. After the hour-long session, Lance hastily called a press conference to reveal-and rebut-new questions Heimann had raised about a $2.6 million loan to Lance by New York's Manufacturers Hanover Trust in April 1975, soon after he became president of the National Bank of Georgia. The big question is whether Lance got the credit as an improper quid pro quo for having his NBG place...
...Heimann showed him an internal memo written by a Manufacturers Hanover loan officer on the day his loan was approved. According to Lance, the memo referred to a "hoped-for correspondent relationship" with NBG and an NBG deposit that would be "expressed as a percentage" of the loan to him. Within a few weeks the NBG indeed shifted its correspondent account in New York from Citibank to Manufacturers Hanover, depositing $250,000; later the deposit totaled as much as $ 1.5 million...
...personal loan to the head of another bank that makes an interest-free deposit? Said a high officer of one of Manny Hanny's competitors: "Citibank wouldn't do it. Chase Manhattan wouldn't do it. Morgan Guaranty wouldn't do it." Now Comptroller Heimann will assess whether or not anything was improper. His investigation has been expanded to include all of Lance's loans from NBG correspondent banks -four of the five loans that...
...HANS L. HEIMANN Providence...
Walker therefore dispatched Executive Vice President Robert K. Heimann to London with an offer of $115,200,000 for 27,325,000 Gallaher shares. "We are here to defend our investment," explained Heimann. "We don't want 100%. We only want control...