| pThe Federal Deposit Insurance Corporation is suing a Henry County law firm over a bank failure, saying the firm's handling of loans to a developer represented malpractice./ppThe lawsuit against Smith Welch amp; Brittain and 1 of its partners, J. Mark Brittain, alleges malpractice in Brittain's handling of loans Neighborhood Community Bank made to a developer from 2005 to 2007./ppNeighborhood Community failed in 2009./ppThe suit claims the bank hired Brittain to process loan documents for land purchases by developer Jeff Grant and that Brittain had served as a lawyer for Grant. The FDIC is seeking damages of more than $6 million./ppChristine Mast, an attorney representing Brittain and his firm, said Neighborhood Community was to blame for its failure and that the loans were at risk for default from the beginning./p |
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