Arkansas Business details settlement of banker Scooter Stuart's money | Arkansas Blog

Thursday, October 1, 2015

Arkansas Business details settlement of banker Scooter Stuart's money

Posted By on Thu, Oct 1, 2015 at 12:07 PM

Arkansas Business has the details on the resolution of a dispute over assets seized from the estate of  Layton "Scooter" Stuart, former CEO of One Bank and Trust.

The government seized almost $15 million almost two years ago, most of it from life insurance policy proceeds. One Bank will get $6.9 million. The government and the Stuart family will split $8 million to settle a lawsuit over his assets. Stuart, who died in 2013, allegedly diverted federal bailout money to personal use.

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